The Latest Breaking News from Needham

Needham analyst Laura Martin reiterated a Buy on Paramount Global (NASDAQ:PARA) and a $36 price target.  Martin fine-tuned her quarterly estimates to reflect more robust DTC profits in 3Q22 but weaker DTC profits in 4Q22 versus her prior forecast.  Despite weak scatter pricing, she believes PARA's linear TV business will operate at breakeven in…

Bulls and bears may not agree on where Tesla’s stock will go in the coming years, but one such bear recently changed its stance on the company’s shares.

Electric vehicle stocks closed the week ending Sept. 17 on a mixed note, as investors reacted to the macroeconomic uncertainty that dragged the broader market lower, analysts’ actions, and a positive policy move. Now, here are the key events that happened in the EV space during the week:

Gainers Kensington Capital Acquisition Corp. IV (NYSE: AMPX) jumped 35.4% to $13.54 after gaining 11% on Thursday.

Vauxhall Motors remain top of the North West Counties Premier League division following a 2-0 win over Congleton Town

US Railway Companies, Unions Reach Tentative Agreement Averting Catastrophic Strike

The adoption of electric vehicles is progressing at a faster-than-expected rate, given automakers’ thrust to EV transitioning, governments’ mandates to ban ICE vehicles, and huge capital infusion into the space sector, an analyst at Needham said in a note.

Shares of DocuSign Inc. (NASDAQ: DOCU) jumped more than 17% in Friday’s pre-market after the company reported better-than-expected quarterly results and raised its full-year billings outlook. Here's what analysts had to say:

nCino, Inc (NASDAQ:NCNO) reported Q2 revenues of $99.6 million, up 50% Y/Y, beating the consensus. Adjusted EPS loss of $(0.04) surpassed the consensus. KeyBanc analyst Josh Beck maintained an Overweight and lowered the price target from $40 to $35. nCino reported solid results similar to the adjusted prior-quarter result driven by a potent mix of go-lives,…

Workday, Inc (NASDAQ:WDAY) clocked 21.9% revenue growth in Q2 to $1.54 billion, which beat average analyst estimates. The subscription revenues of $1.37 billion were up 22.8%.  Workday reported EPS of $0.83, which beat average analyst estimates. Workday reported solid 2Q23 results highlighted with an uncertain macro backdrop pressuring sales much less than feared, Needham analyst…

Salesforce, Inc (NYSE:CRM) clocked 22% revenue growth to $7.72 billion in Q2, beating consensus. The EPS of $1.19 topped the consensus.  The board approved a buyback of up to $10 billion.  The Q3 and FY guidance were below the consensus. Mizuho analyst Gregg Moskowitz reiterated a Buy and cut the price target from $245 to $235.…