The Latest Breaking News from RBC Capital

RBC Capital analyst Brad Erickson slashed the price target on Uber Technologies Inc (NYSE:UBER) to $50 from $65 (57% upside) but kept an Outperform.  Erickson cut the price target on Lyft Inc (NASDAQ:LYFT) to $50 from $53 (37% upside) and kept an Outperform.  Erickson cited the findings from RBC's proprietary driver supply analysis that gave a relative…

Analysts continue to see sharp upside in PagerDuty Inc (NYSE:PD) post Q4 beat. Monness Crespi analyst Brian White raised the price target to $44 from $40 (64% upside) and kept a Buy. PagerDuty has a significant opportunity in the real-time digital operations market but a more modest valuation than other next-gen software vendors, White said.…

Analysts lowered their price target on Domino's Pizza Inc (NYSE:DPZ) following the company's Q4 results. Citi analyst Sergio Matsumoto lowered the price target to $480 (18% upside) from $540 and kept a Neutral rating on the shares. The analyst cited forecast decreases and market conditions for the reduced price target. Barclays analyst Jeffrey Bernstein lowered…

 

RBC Capital analyst Matthew Hedberg upgraded GitLab Inc (NASDAQ:GTLB) to Outperform from Sector Perform with an unchanged $90 price target, suggesting a 35% upside. The analyst cites the stock's "more reasonable valuation" after a pullback in price.  Hedberg adds that he remains bullish on GitLab taking a significant share in the estimated $40 billion DevSecOps…

RBC Capital analyst Ashish Sabadra upgraded Equifax Inc. (NYSE:EFX) to Outperform from Sector Perform and raised the price target to $300 (an upside of 25%), from $294. The analyst notes that the company's mortgage exposure has now been baked into investor expectations following the stock's relative underperformance compared to peers. Related: Baird Upgrades Equifax, Views Current…

Upgrades

RBC Capital analyst Brad Erickson lowered the price target on Meta Platforms Inc (NASDAQ:FB) to $400 from $415 but reiterated an Outperform rating on the shares. The price target implies an upside of 32%. The analyst says the data with 26 agency and ad network channel contacts related to overall spending trends are "mixed."  Erickson…

RBC Capital analyst Kutgun Maral upgraded Charter Communications Inc (NASDAQ:CHTR) to Outperform from Sector Perform with a price target of $690, down from $770, implying an upside of 20%. The analyst contends that the competitive threats to cable operators across broadband with telco fiber and fixed wireless assigned by the Street's negativity has become "too…