The Latest Breaking News from Stifel

EV charging equipment and services provider Blink Charging Co's (NASDAQ:BLNK) price target has been lowered to $30 (an upside of 41.6%) from $39 by Stifel analyst Stephen Gengaro. The analyst maintained his Hold rating on BLNK's shares. Related: Blink Charging's Q4 Results Gengaro increased his 2022-23 revenue estimates while reducing his EBITDA prediction. He also expects Blink…

Matson Inc's (NYSE:MATX) price target has been raised to $131 (an upside of 13.7%) from $98 by Stifel analyst Benjamin Nolan. The analyst maintained the Buy rating on Matson's shares. Nolan believes shifting equipment to provide the company a significant gain to its China service and greater run rate volumes reflecting higher capacity ships. Price…

Stifel has reiterated a Buy rating and $85 price target on ChemoCentryx Inc (NASDAQ:CCXI) following the Q4 results. Analyst Dae Gon Ha says he is "perplexed" by the pronounced weakness on what he views as a positive-launch quarter.  Ha tells investors in a research note that 127 patient start forms and 71% conversion rate strike…

Analysts cut their price targets on Sprout Social Inc (NASDAQ:SPT) post Q4 results. Needham analyst Scott Berg lowered the price target to $75 from $160 (37% upside) given the significant multiple compression across high growth software but kept a Buy.  The company's Q4 results were "impressive," highlighted by the acceleration of upmarket demand, record large…

Shares of Teladoc Health, Inc. (NYSE: TDOC) shares are lower after the telemedicine company issued below-consensus guidance for the first quarter.

Multiple analysts initiated coverage on Credo Technology Group Holding Ltd (NASDAQ:CRDO) with a positive stance. Goldman Sachs analyst Toshiya Hari initiated coverage on Credo with a Buy rating and price target of $23 (51.3% upside). Stifel analyst Tore Svanberg initiated coverage on Credo with a Buy rating and price target of $20 (31.6% upside). BofA analyst Vivek…

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…

KeyBanc analyst Todd Fowler lowered CH Robinson Worldwide Inc's (NASDAQ:CHRW) price target to $125 (an upside of 38%) from $135 and maintained an Overweight rating on the shares. While gross profit margins lagged his expectations, the analyst continues to anticipate margin improvement throughout 2022 as contract rates reset. Fowler is "encouraged" by net operating margin…

Stifel analyst Mark Kelley resumed coverage of Meta Platforms Inc (NASDAQ:FB) with a Buy rating and $400 price target.  The price target implies an upside of 32.6%. The analyst is optimistic on the stock, particularly Reels and Commerce, despite the constant "drumbeat" of critical press, Kelley tells investors in a research note.  He thinks the…