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The Latest Breaking News from Raymond James

10 Biggest Price Target Changes For Tuesday

Raymond James cut the price target on Ciena Corporation (NYSE: CIEN) from $80 to $75. Ciena shares fell 10.9% to close at $58.76 on Monday.

Benzinga

Why Pure Storage Shares Are Soaring Today

Analysts raised their price targets on Pure Storage Inc (NYSE: PSTG) post a solid Q4 beat. Barclays analyst Tim Long raised the firm's price target on Pure Storage to $39 from $35 (47.3% upside) and kept an Overweight rating on the shares. The company beat Q4 estimates and released better than expected guidance for fiscal 2023, Long…

Benzinga

Analysts Cut Federal Signal Price Target Post Q4 Results

KeyBanc analyst Steve Barger lowered the price target on Federal Signal Corp (NYSE:FSS) to $48 (an upside of 37.5%) from $55 and maintained an Overweight rating on the shares. The analyst mentions the shares declined following the company’s Q4 results and 2022 guidance. He believes the decline was driven by the EPS guide of $1.76-$2.00…

Benzinga

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Raymond James Turns Bullish On Fastly, Cites Recent Pullback As 'Overreaction'

Raymond James upgraded Fastly Inc (NYSE:FSLY), noting shares overreacted to management's recently issued 2022 revenue guidance. Analyst Frank Louthan raised his rating to Strong Buy from Outperform. Louthan noted that the recent decline in shares is likely due to revenue guidance provided by management, with bears believing it "is a sign that some mix of pricing…

Benzinga

Read Why GoDaddy Shares Are Shooting Higher Today

GoDaddy Inc (NYSE:GDDY) reported fourth-quarter FY21 revenue growth of 16.6% year-on-year to $1.02 billion, beating the consensus of $970.7 million. Domain revenue grew 23.6% Y/Y, Hosting and presence revenue rose 6.8% Y/Y, Business applications revenue increased 17.9% Y/Y, International revenue grew 12.8% Y/Y. Total bookings grew 11.3% Y/Y to $1.05 billion, Average revenue…

Benzinga

Raymond James Remains Bullish On Bloom Energy, Cuts Price Target By 20%

Raymond James analyst Pavel Molchanov lowered the price target on Bloom Energy Corp (NYSE:BE) to $27 (an upside of 50%) from $34 and maintained a Strong Buy rating on the shares. Bloom's foray into electrolyzers in 2022 offers pre- revenue optionality vis-a-vis green hydrogen, bolstered by aggressive targets in EU climate policy. Related: Why Bloom Energy…

Benzinga

Why Are HubSpot Shares Trading Higher Today?

Analysts mainly hailed HubSpot Inc's (NYSE:HUBS) 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% 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…

Benzinga

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Why Are Old Dominion Freight Line Shares Trading Lower Today?

Wells Fargo analyst Allison Poliniak-Cusic raised the price target on Old Dominion Freight Line Inc (NASDAQ:ODFL) to $348 (an upside of 12.5%) from $335 and maintained an Equal Weight rating on the shares. The analyst notes that as the best-in-class LTL provider, Q4 results reflected the strength in its growth and execution strategy. Related: Old Dominion Freight…

Benzinga

Raymond James Downgrades This Regional Air Carrier

Raymond James analyst Savanthi Syth downgraded Mesa Air Group Inc (NASDAQ:MESA) to Market Perform from Outperform without a price target, reflecting regional airline industry headwinds. Syth says the magnitude of the impact on earnings appears to be greater than anticipated. Syth further mentions that much of this headwind should ease in early 2023, though…

Benzinga

2 Under-the-Radar Real Estate Services Stocks Upgraded by Raymond James

Real estate industry maintained its growth streak in January, owing to significant demand ahead of a benchmark interest rate hike. Thus, we think it could be wise to scoop up shares of quality under-the-radar real estate stocks FirstService (FSV) and Colliers International (CIGI), which have been upgraded recently by Raymond…

StockNews.com

Raymond James Upgrades Booz Allen Hamilton To Outperform, Sees 19% Upside

Raymond James analyst Brian Gesuale upgraded Booz Allen Hamilton Holding Corp (NYSE:BAH) to Outperform from Market Perform with a price target of $90, implying an upside of 19%. Gesuale says this is the most appealing time to own the group since the Trump administration was in office and sees increasing geopolitical instability, multiple stability,…

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For January 31, 2022

Upgrades

Benzinga

Cambium Networks Shares Pop On Double Upgrade By Raymond James

Raymond James analyst Simon Leopold double upgraded Cambium Networks Corp (NASDAQ:CMBM) to Strong Buy from Market Perform with a $35 price target, implying an upside of 57.6%. Leopold believes fundamental demand remains solid, with temporary supply chain constraints depressing near-term results. He tells investors in a research note that checks indicate that elements of the…

Benzinga

Analysts See Sharp Upside In Visa Post Q1 Results; Shares Pop

Analysts mostly hailed Visa Inc's (NYSE:V) Q1 FY22 results by raising their price targets on the stock. Raymond James analyst John Davis raised the price target to $281 from $265 (36.3% upside) and maintained an Outperform. Visa's Q1 print included better than expected results across the board as well as an increased FY22 outlook that should send…

Benzinga

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Why This Alibaba Analyst Is Bullish Despite Tempering Near-Term Expectations

Alibaba Group Holding Limited's (NYSE: BABA) travails are far from over, at least in the near term, although its long-term future is promising, an analyst at Raymond James said in a Wednesday note.

Benzinga

10 Biggest Price Target Changes For Wednesday

Raymond James cut DexCom, Inc. (NASDAQ: DXCM) price target from $618 to $538. DexCom shares rose 1.1% to $434.60 in pre-market trading.

Benzinga

Raymond James Is Bullish On Ads-Tec Energy, Sees 63% Upside

Raymond James analyst Pavel Molchanov initiated Ads-Tec Energy PLC (NYSE:ADSE) with a Strong Buy rating and a price target of $14, implying an upside of 63%. The analyst noted Ads-Tec's ultra-fast hardware is specifically designed with grid stability in mind, making it the only pure-play on ultra-fast. Molchanov added that U.S. expansion adds to strength…

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