Analysts hailed Palo Alto Networks Inc., a pure-play cybersecurity vendor that sells security appliances, subscriptions, and support to enterprises, government entities, and service providers. Wells Fargo analyst Andrew Nowinski initiated coverage with an Overweight rating and a price target of $700, suggesting a 32 percent upside. The analyst believes Palo Alto has “assembled the most comprehensive Zero Trust platform” and…
Monness Crespi Sees 46% Upside to Oracle—Read Why
Monness Crespi analyst Brian White notes that Oracle Corp. stock has experienced a sharp decline in recent weeks. The analyst believes Oracle’s selloff is a knee-jerk reaction to its announcement last month to acquire Cerner Corp., creating an “attractive buying opportunity.” Further, White thinks Oracle offers investors a high-quality, value play with the opportunity to capitalize on the…
Macquarie Slashes Price Targets on Disney, Viacom, Fox, AMC, Comcast as ‘Streaming Wars Go Global’
Macquarie analyst Tim Nollen lowered the price target on multiple media network companies. Nollen lowered the price target on The Walt Disney Co. to $185 from $195 and kept an Outperform on the shares. Nollen lowered the price target on ViacomCBS Inc. to $32 from $40 and kept a Neutral. Nollen lowered the price target on Fox Corp. to $37 from $40…
Here’s Why Wells Fargo Named CrowdStrike as Top Pick for 2022
Wells Fargo analyst Andrew Nowinski initiated coverage of CrowdStrike Holdings with an Overweight rating and a $275 price target, implying a 53.4 percent upside. The analyst sees CrowdStrike being well-positioned to continue to take share from both legacy and next-gen vendors with “one of the most comprehensive platforms in the industry.” Nowinski named the stock as a top pick…
Stock Wars: ATI Physical Therapy Versus US Physical Therapy
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between a pair of companies in the physical therapy space: ATI Physical Therapy Inc. and U.S. Physical Therapy Inc. The Case for ATI This company was…
Morgan Stanley Considers AppLovin’s MoPub Acquisition a ‘Game Changer’—Read Why
Morgan Stanley analyst Matt Cost termed AppLovin Corp.’s $1.05 billion acquisition of MoPub from Twitter Inc. a “game-changer.” The deal brought AppLovin technological advances to solidify its leading supply-side solution, adding that he believes the company’s SSP will be among the largest in the industry once this integration is complete, which the company expects to be by March 31….
Read Why Tigress Financial Remains Bullish on Intel
Tigress Financial analyst Ivan Feinseth raised the price target on Intel Corp. to $72 from $68 and reiterated a Buy. The price target implies an upside of 35.5 percent. Feinseth noted Intel’s ongoing investment in processor development would increase industry competitiveness. Further, the announced initial public offering of Mobileye creates a “significant upside catalyst” for the shares. By Anusuya Lahiri ©…
Chart Wars: Snap, Twitter Stocks Near Entry Signals to Go Long for 2022—Here’s What to Watch For
Snap Inc. and Twitter Inc. were sliding significantly on Tuesday in sympathy with a number of technology-based stocks, losing more than 7 percent and 5 percent, respectively, intraday while the SPDR S&P 500 fell about 0.33 percent. Both stocks have, mostly, been trading in a heavy downtrend recently with Snap plummeting over 48 percent since its Sept….
Analysts Remain Divided on Pinterest; Stock Falls
Analysts had different takes on Pinterest Inc. today. Wolfe Research analyst Deepak Mathivanan initiated coverage of Pinterest with a Peer Perform and $45 price target, implying a 36.9 percent upside. Mathivanan believes in the current product transition and thinks Pinterest has significant monetization upside over the longer term. Mathivanan thinks ongoing product iterations are likely to weigh on revenue…
Barclays Bumps Up Hewlett Packard Enterprise Price Target by 25%
Barclays analyst Tim Long upgraded Hewlett Packard Enterprise Co. to Overweight from Equal Weight with a price target of $20, up from $16. The price target implies a 23.9 percent upside. Long believes the company’s core server and storage market is stabilizing and moving to as-a-service. Meanwhile, Long thinks its networking “should see solid growth.” Further, HP Enterprise’s…
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