Barclays analyst Andrew Mok initiates coverage on UnitedHealth Group (NYSE:UNH) with a Overweight rating and announces Price Target of $551.
Barclays analyst initiates coverage on UnitedHealth Group (NYSE:UNH) with a Overweight Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month price target by $14 to $138, based on 23.0x our FY 25 (Jan.) EPS estimate and slightly lower than the company’s 5-year average forward P/E multiple of 23.8x. We raise our FY 25 EPS estimate by $0.50 to $6.00 and initiate our FY 26 EPS estimate at $6.40. ROST posts normalized Q4 EPS of $1.82 vs. $1.31, $0.17 above consensus estimates on revenues of $6.02B vs. $5.21B and $208M above estimates. ROST said Q4 revenues and EPS benefitted by $308M and $0.20, respectively, due to the 53rd week in the FY. Q4 operating margin expanded by 165 bps Y/Y to 12.4% due to strong gains in same-store sales and lower freight costs. The company’s board approved a new $2.1B share repurchase program and
CFRA Maintains Hold Opinion On Shares Of Ross Stores, Inc. Read Post »
HSBC analyst Stephen Bersey maintains CrowdStrike Holdings with a Buy and raises the price target from $411 to $412.
HSBC analyst maintains CrowdStrike Holdings with a Buy Read Post »
Citigroup analyst Tyler Radke maintains MongoDB with a Buy and raises the price target from $515 to $550.
Citigroup analyst maintains MongoDB with a Buy Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our target price to $406 from $360 on a P/S of 24.5x, above its three-year historical average on its competitive strength and annual recurring revenue (ARR) growth momentum even in a weaker economic climate, using our FY 25 (Jan.) revenue estimate of $3.97B. We lift our FY 25 EPS view to $3.95 from $3.68 and set FY 26’s at $4.94. CRWD reported Q4 revenue of $845.3M, above consensus by $5.34M, while non-GAAP EPS of $0.95 beat by $0.13. The company ended the year strong, adding $287M in net new ARR, up 27% Y/Y, driving Subscription sales and total revenue growth of 33%. We note impressive deal volumes, aided by multi-product new business lands, and displacements of next-generation vendors in significant transactions across a number of
CFRA Lifts Opinion On Shares Of Crowdstrike Holdings To Strong Buy From Buy Read Post »
By James Rogers Target’s stock soared following the company’s fourth-quarter results Tuesday Target Corp. is well positioned for growth in its second-quarter as the retail giant gets past the challenges of recent years, such as the 2023 controversy over Pride-themed products, according to analyst firm D.A. Davidson. The discount retailer’s shares soared following the company’s fourth-quarter results to end Tuesday’s session up 12%. The stock is up 3.3% Wednesday. “For all the enthusiasm around TGT’s 4Q23 results, sales are still down year over year and are expected to be again in 1Q24,” wrote D.A. Davidson analyst Michael Baker, in a note released Tuesday. “But, the pivot to growth is coming, most likely in 2Q24 as TGT cycles the start of the worst of the negative comps a year ago, in part due to the Pride issue.” Target (TGT) pulled Pride-themed products from some stores in the run up to June
Target’s ‘Pivot to Growth’ Coming as It Moves Past Recent Issues, Says D.A. Davidson Read Post »
Wells Fargo analyst Donald Fandetti maintains Visa with a Overweight and raises the price target from $300 to $325.
Wells Fargo analyst maintains Visa with a Overweight Read Post »
Wells Fargo analyst Donald Fandetti maintains Mastercard with a Overweight and raises the price target from $490 to $530.
Wells Fargo analyst maintains Mastercard with a Overweight Read Post »
Target’s 4Q results and 2024 guidance are evidence that the retail giant is rebounding from a rocky 2023, as seen by its continued margin recapture and sequential improvements on the top line, UBS analysts say in a research note. There was quarter-to-quarter improvement in most discretionary categories, including toys and consumer electronics, which coincided with some sequential moderation in food inflation, the bullish analysts say. That suggests that a lack of food inflation this year could unlock some extra dollars in consumers’ budgets for discretionary spending, they say, raising their price target on the stock to $191 from $174. Shares rise 3.8% to $175.04.
Target’s Recovery Looking Well on Its Way Read Post »
The following is a summary of the Ross Stores, Inc. (ROST) Q4 2023 Earnings Call Transcript: Financial Performance: Ross Stores exceeded Q4 predictions, with earnings per share rising to $1.82, a significant leap from the previous year’s $1.31. The company saw Q4 2023 sales climb to $6 billion, boosted by a 7% increase in comparable store sales. Net income for fiscal year 2023 rose to $1.9 billion from $1.5 billion recorded in the previous year, whilst earnings per share increased to $5.56 from $4.38. The 2023 fiscal year results included a beneficial $308 million and an additional $0.20 per share due to the 53rd week. Q4 saw an operating margin increase of approximately 165 basis points to 12.4%. The company repurchased 1.9 million shares of common stock for $247 million in Q4 and 8.2 million shares for $950 million throughout the fiscal year. For 2024, earnings per share are projected
Ross Stores (NASDAQ:ROST) Q4 2023 Earnings Conference Read Post »
In a recent interview, an analyst warned that selling Apple Inc (NASDAQ:AAPL) stock before the company’s AI developments could be a significant mistake. What Happened: During a segment of CNBC’s “Last Call,” Dan Ives, a Wedbush analyst, suggested that divesting Apple stock at this juncture would be a grave error. “We view this as a buying opportunity. We’ve been here before … AI is coming to Cupertino. I think to sell this stock ahead of that would be not just the wrong move, but a historically wrong move,” Ives said. Ives’ perspective follows a reported 24% decline in Apple’s iPhone sales in China during the initial six weeks of the year, resulting in its demotion to the fourth position among smartphone vendors in the country, according to Counterpoint Research. “We view this as a buying opportunity. We’ve been here before,” says @DivesTech on Apple. “AI is coming to Cupertino. I think to sell
The following is a summary of the CrowdStrike Holdings, Inc. (CRWD) Q4 2024 Earnings Call Transcript: Financial Performance: CrowdStrike reported a Q4 net new ARR of $282 million, a 27% year-over-year growth. Record GAAP profitability was achieved, with a record free cash flow reaching 33% of revenue. CrowdStrike reported a 34% and 36% growth in ending ARR and revenue respectively for the fiscal year. Operating income for the fiscal year grew by 86%, reaching $660.3 million or 22% of revenue. Gross margin increased by 282 basis points year-over-year to 78%, with total non-GAAP operating expenses at 53% of revenue. Q4 revenue grew to $845.3 million, a 33% increase. Business Progress: CrowdStrike has shown significant growth in its Falcon platform, closing record deal volumes and introducing flexible licensing models for customers. The company plans to continue expansion and development of its cybersecurity solutions, with successful launches and general availability of new
CrowdStrike Holdings (NASDAQ:CRWD) Q4 2024 Earnings Conference Read Post »