Telsey Advisory Group analyst Joseph Feldman reiterates Target (NYSE:TGT) with a Outperform and maintains $160 price target.
Telsey Advisory Group analyst reiterates Target (NYSE:TGT) with a Outperform 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 target to $330 from $300 on a P/E of 29.6x our CY 25 EPS view, within peers but well below historical. We increase our FY 25 (Jan.) EPS to $9.74 from $9.45 and keep FY 26 at $11.14. CRM posts Jan-Q EPS of $2.29 vs. $1.68, beating the $2.27 consensus. Sales rose 11%, near expectations, with subscription and support revenues +12% and professional services -9%. Despite a disappointing FY 24 revenue outlook that implies growth decelerating to 9%, we think CRM is setting the bar low given the lag effect of measured spending on the subscription side, but note bookings are improving. Importantly, EPS/FCF guide was above our view as CRM executes well on operating margins (seen expanding by 200 bps to 32.5%
CFRA Maintains Strong Buy Opinion On Shares Of Salesforce, Inc. Read Post »
Barclays analyst Julian Mitchell maintains General Electric (NYSE:GE) with a Overweight and raises the price target from $153 to $181.
Barclays analyst maintains General Electric (NYSE:GE) with a Overweight Read Post »
The following is a summary of the Salesforce, Inc. (CRM) Q4 2024 Earnings Call Transcript: Financial Performance: Salesforce reported Q4 revenue of $9.3 billion, an 11% increase year over year, with full fiscal year revenue rising to $34.9 billion. Non-GAAP operating margin for Q4 was 31.4%, a rise of 220 basis points year over year. The company saw a full year non-GAAP operating margin of 30.5%. Operating cash flow for the fiscal year reached a record $10.2 billion. Remaining performance obligation (RPO) for Q4 sat at $56 billion, a 12% increase. The revenue attrition for the quarter was slightly above 8%, consistent with previous quarters. The company has projected a non-GAAP operating margin of 32.5% and GAAP operating margin of 20.4% for fiscal year 2025. Business Progress: There was strong growth seen in the public sector and travel transportation and hospitality sectors. Eight out of the top ten deals in
Salesforce (NYSE:CRM) Q4 2024 Earnings Conference Read Post »
Barclays analyst Kannan Venkateshwar maintains Warner Bros. Discovery (NASDAQ:WBD) with a Equal-Weight and lowers the price target from $10 to $9.
Barclays analyst maintains Warner Bros. Discovery (NASDAQ:WBD) with a Equal-Weight Read Post »
Barclays analyst Tim Long maintains HP with a Underweight and raises the price target from $22 to $24.
Barclays analyst maintains HP with a Underweight Read Post »
Oppenheimer Adjusts Marvell Technology Price Target to $80 From $70, Maintains Outperform Rating.
Oppenheimer Maintains Marvell Technology with an Outperform Rating 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 price target by $8 to $208, using an EV/Sales ratio of 21x our FY 25 (Jan.) sales view, above peers due to SNOW’s growth history but below its 3-year average (~31x) as growth continues decelerating despite AI excitement. We lower our FY 25 sales view to $3.47B from $3.63B and initiate a FY 26 view at $4.55B. SNOW posts Jan-Q sales of $775M (+32% Y/Y) and EPS of $0.35 (+150%), both above consensus, while guiding for softer-than-expected sales in FY 25. We think the guide is conservative, and we see upside from new products like Document AI, with support from its $5.2B backlog (+$1.5B Q/Q) and still-high NRR (131%). In a surprise announcement, Sridhar Ramaswamy (previously SVP of AI) has assumed the CEO role
CFRA Raises Opinion On Shares Of Snowflake Inc. To Buy From Hold Read Post »
The following is a summary of the Snowflake Inc. (SNOW) Q4 2024 Earnings Call Transcript: Financial Performance: Snowflake reported Q4 product revenue of $738 million, a 33% year-over-year growth. 83 customers contribute over $5 million in trailing 12-month product revenue, up from 75 in the previous quarter. Remaining performance obligations grew by 41% year-over-year to $5.2 billion, with approx. 50% expected to be recognized as revenue within the next year. Non-GAAP product margin improved by roughly 300 basis points year-over-year to 78%. Ended the quarter with $4.8 billion in cash, cash equivalents, and long-term investments. Looking ahead to Q1 and full year FY ’25, expects product revenue between $745 million and $750 million, and approximately $3.25 billion, respectively, with Non-GAAP product gross margin at 76%, operating margin at 6% and adjusted free cash flow margin of 29%. Business Progress: Signed its largest deal ever in Q4 – a five-year, $250
Snowflake (NYSE:SNOW) Q4 2024 Earnings Conference Read Post »
Piper Sandler analyst Brent Bracelin maintains Snowflake with a Overweight and lowers the price target from $250 to $240.
Piper Sandler analyst maintains Snowflake with a Overweight Read Post »
Snowflake’s (SNOW) shares tumbled early Thursday after offering a downbeat short- and long-term product revenue outlook, while the company announced the retirement of its chief executive. Frank Slootman will step down from his role as head of the cloud-based data platform company, it said late Wednesday. Sridhar Ramaswamy, who previously served as the firm’s senior vice president of artificial intelligence, will succeed Slootman as CEO, effective immediately. “There is no better person than Sridhar to lead Snowflake into this next phase of growth and deliver on the opportunity ahead in AI and machine learning,” Slootman, who will continue to serve as chairman of the board, said in a statement. The stock dropped 22% in premarket trading. “We have an enormous opportunity ahead to help all customers leverage AI to deliver massive business value,” according to Ramaswamy. “My focus will be on accelerating our ability to bring innovation to our customers
Snowflake Stock Drops on Downbeat Product Revenue Guidance as CEO Retires Read Post »
RBC Cuts Price Target on Snowflake to $246 From $255 on Lower Revenue Estimates, Keeps Outperform Rating.
RBC Keeps Snowflake Outperform Rating Read Post »