The Latest Breaking News from Piper Sandler

Analyst opinions remain divided over Paycom Software Inc (NYSE:PAYC) post Q4 results. Piper Sandler analyst Arvind Ramnani raised the price target on Paycom to $505 from $498 (40% 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…

Analysts mainly slashed their price targets on Pinterest Inc (NYSE:PINS) post Q4 results. BofA analyst Justin Post lowered the price target on Pinterest to $46 from $57 (87.7% upside) and kept a Neutral rating on the shares.  While the company reported better than expected revenue and adjusted EBITDA, users are "still under pressure," said Post, who…

Microsoft Corporation (NASDAQ: MSFT) shares are advancing strongly following the release of the company's quarterly results.

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating on Broadcom Inc (NASDAQ:AVGO) with a $750 price target after hosting management for an investor meeting. The price target implies an upside of 40.4%. The analyst is "feeling increasingly confident" about trends in 2022, given the recent acceleration in hyper-scale and cloud orders, the visibility provided…

Advanced Micro Devices Inc (NASDAQ: AMD) was featured as the call of the day Thursday on CNBC's "Fast Money Halftime Report."

Piper Sandler cut Advanced Micro Devices, Inc. (NASDAQ: AMD) price target from $140 to $130. AMD shares fell 1.3% to $126.55 in pre-market trading.

Piper Sandler analyst Harsh Kumar downgraded Advanced Micro Devices Inc (NASDAQ:AMD) to Neutral from Overweight with a price target of $130, down from $140.  The analyst is cautious on the broader automotive sector, saying the pace of orders and strong pricing "may come into question" as supply normalizes in the second half of 2022.  The…

Interactive Brokers Group Inc (NASDAQ: IBKR) announced quarterly results that were in line with or slightly below consensus estimates, but the company's results beat the forecasts from Piper Sandler.

Piper Sandler analyst Thomas Champion reiterated an Overweight rating on Netflix Inc (NASDAQ:NFLX) with a $705 price target, implying an upside of 34.1%. Champion's rating comes ahead of the company's Q4 results on Thursday.  The analyst remains constructive on the shares long-term, citing the structural opportunity in streaming video.  The stock is down 10% in…