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The Latest Breaking News from Stifel

Credo Shares Pop As Multiple Analysts Initiate Coverage And See Sharp Upside

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…

Read How Analysts Reacted To Paycom Software's Q4 Results

Read How Analysts Reacted To Paycom Software's Q4 Results

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…

Read How Analysts Reacted To CH Robinson Worldwide's Q4 Results

Read How Analysts Reacted To CH Robinson Worldwide's Q4 Results

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…

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Here's Why Stifel Is Bullish On Meta

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…

Analysts Cut Alibaba Price Target Ahead Of Quarterly Results; Remain Bullish

Analysts cut their price targets on Alibaba Group Holding Ltd (NYSE:BABA) ahead of its quarterly results. However, they continue to see double-digit upside in the stock. Stifel analyst Scott Devitt lowered the price target on Alibaba to $150 from $170 (28% upside) and reiterated a Buy rating. The re-rating follows the previewed results for his…

'Halftime Report' Traders Share Their Thoughts On Starbucks

Michael Farr spoke on CNBC's "Fast Money Halftime Report" about Stifel's upgrade of Starbucks Corporation (NASDAQ: SBUX). He owns the stock and he thinks this was a good call.

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