The Latest Breaking News from Wolfe Research

 

Wolfe Research has decided to maintain its Outperform rating of Microsoft (NASDAQ:MSFT) and raise its price target from $330.00 to $350.00. Shares of Microsoft are trading up 5.63% over the last 24 hours, at $285.43 per share.

Wolfe Research analyst Alex Zukin initiated coverage of Snowflake (NYSE:SNOW) with an Outperform rating and a $250 price target.  The price target implies a 33.8% upside. Zukin saw the potential for Snowflake "to become the 4th hyperscaler" after Amazon.com Inc (NASDAQ:AMZN), Amazon Web Services, Microsoft Corp's (NASDAQ:MSFT) Azure, and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Cloud. Zukin saw Snowflake growing…

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Wolfe Research downgraded its rating of Kinder Morgan (NYSE:KMI) to Underperform with a price target of $18.00, changing its price target from $17.00 to $18.00. Shares of Kinder Morgan are trading down 1.08% over the last 24 hours, at $19.27 per share.

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Analysts slashed their price targets on Oracle Corp (NYSE:ORCL) post Q3 results. Piper Sandler analyst Brent Bracelin downgraded to Underweight from Neutral with a PT of $70 (8.7% downside), down from $100.  Bracelin found it challenging to reach double-digit organic growth next year, sustaining a cloud shift considering more than 70% of revenue came from the…

Amazon.com Inc (NASDAQ:AMZN) backed Rivian Automotive Inc (NASDAQ:RIVN) is "making progress" in raising EV production at its Normal, Illinois, assembly plant, CEO R.J. Scaringe said, Reuters reports from Wolfe Research conference. The Tesla Inc (NASDAQ:TSLA) competitor aims to win a 10% share in the EV market by 2030. Scaringe said Rivian had replaced some chipsets in certain…