Apple, Inc. was trading mostly flat on Friday, in line with the SPDR S&P 500, which was consolidating Thursday’s afternoon sell-off with an inside bar pattern on the daily chart. On Thursday, the tech giant said it is working to issue updates to its AirTag tracking software to stop users misusing the technology to track…
Read How Analysts Reacted to Cloudflare’s Q4 Results
Analysts mainly bumped up price targets on Cloudflare Inc. post Q4 results. KeyBanc analyst Thomas Blakey raised the firm’s price target on Cloudflare to $150 from $132 (34 percent upside) and kept an Overweight rating on the shares. Blakey views Cloudflare as a disruptor of vast markets, including network services and zero-trust security, and as an innovator in areas…
Why Are HubSpot Shares Trading Higher Today?
Analysts mainly hailed HubSpot Inc.’s Q4 performance by raising their price targets on the stock. Mizuho analyst Siti Panigrahi raised the price target on HubSpot to $625 from $500 (16.92 percent upside) and kept a Buy rating on the shares. The company reported strong results once again in Q4 on broad-based strength with a particular edge from Operations…
Wedbush Is Bullish on Shopify, Thanks to Apple
Wedbush analyst Ygal Arounian lowered the price target on Shopify Inc. to $1,270 from $1,296 and reiterated an Outperform rating on the shares. The price target implies an upside of 42 percent. The analyst expects Shopify to report strong results in Q4, with more robust growth earlier in the quarter, offsetting slower overall BFCM and December spending. Questions around Apple…
Why Are Fox Shares Trading Higher Today?
Fox Corp reported second-quarter FY22 revenue growth of 9 percent year-on-year to $4.44 billion, beating the consensus of $4.26 billion. Affiliate revenues increased 11 percent Y/Y to $1.69 billion with 12 percent growth at the Cable Network Programming segment and 10 percent growth at the Television segment. Advertising revenues increased 6 percent Y/Y to $2.41 billion, primarily…
Chart Wars: Between Lululemon and Nike, Which Stock Looks Set to Jump Higher, Faster?
Lululemon Athletica, Inc. and Nike, Inc. have both fallen significantly from their record all-time highs, with Lululemon trading down about 30 percent since Nov. 16 and Nike losing about 20 percent of its value since Nov. 5. However, the bottom may be in for the stocks, because on Jan. 24 Lululemon and Nike both hit a support…
Siemens Clocks 17 Percent Revenue Growth in Q1; Discloses Asset Divestment Plans
Siemens AG reported first-quarter FY22 revenue growth of 17 percent year-on-year to €16.5 billion. Orders rose 52 percent Y/Y to €24.2 billion. Orders increased 42 percent, and revenue rose 9 percent on a comparable basis. Profit Industrial Business increased 12 percent Y/Y, to €2.5 billion, and the corresponding profit margin came in at 15.7 percent (Q1 2021: 16.5…
Here’s Why Morgan Stanley Sees Sharp Upside in This IT Company
Morgan Stanley analyst James Faucette reiterated his Overweight rating and $140 price target on Affirm Holdings Inc. The price target implies an upside of 87.5 percent. Faucette sees significant upside potential for its upcoming quarterly results. The analyst says the company benefits from meaningful partnerships and new features. The “encouraging” app downloads data and “broadly healthy e-commerce trends” support…
Read How Analysts Reacted to Paycom Software’s Q4 Results
Analyst opinions remain divided over Paycom Software Inc. post Q4 results. Piper Sandler analyst Arvind Ramnani raised the price target on Paycom to $505 from $498 (40 percent upside) and reiterated an Overweight. Paycom’s Q4 results “were robust all-around” as revenue came in well above expectations driven by a healthy demand environment, Ramnani says. Stifel analyst Brad Reback lowered the…
Why This Microsoft Analyst Says the Tech Stock Is a Buy Now
Microsoft Corporation reported stellar quarterly results last month thanks to strong cloud momentum. The shares rallied over 9 percent in the days following the earnings announcement. A Morgan Stanley analyst is of the view the stock remains a “strong buy” at current levels. The Microsoft Analyst Keith Weiss maintained an Overweight rating and $372 price target on…
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