MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings

/ / Technology /

MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 2% DA Davidson → $405 Initiates Coverage On → Neutral 01/22/2024 10.82% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 01/17/2024 24.67% Needham → $495 Reiterates Buy → Buy 01/04/2024 3.26% UBS $475 → $410 Downgrades Buy → Neutral 12/06/2023 5.78% Mizuho $330 → $420 Maintains Neutral 12/06/2023 19.63% RBC Capital $445 → $475 Maintains Outperform 12/06/2023 20.39% Barclays $470 → $478 Maintains Overweight 12/06/2023 24.67% Needham $445 → $495 Maintains Buy 12/06/2023 25.93% Piper Sandler $425 → $500 Maintains Overweight 12/04/2023 13.34% Stifel → $450 Reiterates Buy → Buy 11/16/2023 25.93% Wells Fargo → $500 Initiates Coverage On → Overweight 11/13/2023 8.3% Truist Securities → $430 Reiterates Buy → Buy 11/08/2023 7.54% Capital One → $427 Upgrades Equal-Weight → Overweight 10/23/2023 10.82% Keybanc $495 → $440 […]

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Visa Fiscal Q1 Non-GAAP Earnings, Revenue Rise; Sets Guidance

/ / Industrials /

Visa (V) reported fiscal Q1 non-GAAP earnings late Thursday of $2.41 per diluted share, up from $2.18 a year earlier. Analysts surveyed by Capital IQ expected $2.34. Revenue for the quarter ended Dec. 31 was $8.63 billion, up from $7.94 billion a year earlier. Analysts surveyed by Capital IQ expected $8.56 billion. The company said it expects EPS growth in the high teens for fiscal Q2 and in the low teens for fiscal full-year 2024. It expects net revenue growth in the upper mid to high single-digit for fiscal Q2 and low double-digit for the fiscal full year. The company kept its quarterly dividend at $0.52 a share, payable March 1 to shareholders of record on Feb. 9.

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Intel Q4 Non-GAAP Earnings, Revenue Increase, But Q1 Outlook Trails Street Views

/ / Technology /

Intel (INTC) late Thursday reported non-GAAP Q4 net income of $0.54 per share, improving on net income of $0.15 per share during the same quarter in 2022. Analysts polled by Capital IQ, on average, had been looking for normalized earnings of $0.45 per share by the chipmaker. Revenue for the three months ended Dec. 31 rose to $15.41 billion, compared with $14.04 billion a year ago. The analyst consensus was for $15.17 billion. Intel is projecting a non-GAAP profit of $0.13 per share on between $12.2 billion to $13.2 billion in revenue for the current quarter ending March 31. The Street sees the company earning $0.32 per share in Q1 on revenue of $14.15 billion. Intel shares slumped more than 10% in premarket activity Friday.

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Intel Gives Muted Outlook Even as PC Recovery Lifts Sales

/ / Technology /

By Asa Fitch Intel gave a tepid outlook for sales in its current quarter, signaling further challenges for its business amid signs that the PC market is starting to recover. The company said sales were $15.4 billion for the fourth quarter, up from $14 billion a year before. Intel also made $2.7 billion of profit, reversing a loss in the year-ago period. For its current quarter, Intel forecast between $12.2 billion and $13.2 billion of sales, higher than the same period last year but behind Wall Street expectations in a survey of analysts by FactSet. Chief Executive Pat Gelsinger said the outlook was affected by factors including a rocky market for a programmable-chip unit that Intel is aiming to IPO and weaker-than-anticipated sales for Mobileye Global, an autonomous driving tech company in which Intel owns a majority stake. Mobileye, which went public in 2022, made $637 million of sales for

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Southwest Airlines (NYSE:LUV) Stock Analyst Ratings

/ / Consumer Discretionary /

Southwest Airlines (NYSE:LUV) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 18.5% Raymond James $34 → $36 Maintains Outperform 01/08/2024 -21% Bernstein $29 → $24 Downgrades Market Perform → Underperform 01/02/2024 15.21% Evercore ISI Group → $35 Downgrades Outperform → In-Line 12/18/2023 -1.25% Citigroup $25 → $30 Maintains Neutral 11/27/2023 11.92% Raymond James $36 → $34 Maintains Outperform 11/13/2023 — Melius Research Downgrades Hold → Sell 11/10/2023 — Exane BNP Paribas Downgrades Neutral → Underperform 10/31/2023 -24.29% Susquehanna $25 → $23 Maintains Neutral 10/31/2023 54.71% Morgan Stanley $50 → $47 Maintains Overweight 10/27/2023 -34.17% TD Cowen $26 → $20 Downgrades Outperform → Market Perform 10/11/2023 -17.71% Susquehanna $30 → $25 Maintains Neutral 10/05/2023 18.5% Raymond James $40 → $36 Maintains Outperform 10/02/2023 — Morgan Stanley Maintains Overweight 09/29/2023 -34.17% Jefferies $25 → $20 Maintains Underperform 09/26/2023 -4.54% Bernstein $32 → $29

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Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings

/ / Telecommunications /

Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/25/2024 19.47% Tigress Financial $45 → $50 Maintains Buy 01/24/2024 2.75% UBS $37 → $43 Maintains Neutral 01/24/2024 5.14% Wells Fargo $40 → $44 Maintains Equal-Weight 01/24/2024 9.92% Raymond James $42 → $46 Maintains Outperform 01/24/2024 12.31% Daiwa Capital → $47 Upgrades Neutral → Outperform 01/24/2024 9.92% Keybanc $45 → $46 Maintains Overweight 01/04/2024 9.92% Wolfe Research → $46 Upgrades Peer Perform → Outperform 01/03/2024 7.53% Keybanc → $45 Upgrades Sector Weight → Overweight 12/19/2023 2.75% Oppenheimer → $43 Reiterates Outperform → Outperform 12/14/2023 0.36% Citigroup $40 → $42 Maintains Buy 12/13/2023 -4.42% Wells Fargo $35 → $40 Maintains Equal-Weight 11/02/2023 7.53% Tigress Financial $64 → $45 Maintains Buy 10/25/2023 -9.2% Barclays $37 → $38 Upgrades Equal-Weight → Overweight 08/29/2023 -4.42% Citigroup $39 → $40 Upgrades Neutral → Buy

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CFRA Maintains Strong Buy Rating On Shares Of Servicenow, Inc.

/ / Technology /

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 $852 from $771 on a P/E of 65x our 2024 EPS view on large deal momentum and revenue upside from GenAI demand. We increase our 2024 EPS forecast to $13.10 from $12.85 and start 2025’s at $16.35. NOW posted Q4 revenue of $2.44B, above consensus by $40M, and non-GAAP EPS of $3.11 beat by $0.33. Sales accelerated 25.6% (versus +20% in Q4 of the prior year) driven by a strong volume of large transactions; NOW notched 168 deals with annual contract values (ACVs) exceeding $1M, up 33% Y/Y. Although results benefited from easier comps, we see performance indicative of a more positive demand environment and NOW’s strong execution. RPO accelerated 28.6% Y/Y (versus 21.7% Y/Y in Q4 2022), reflecting enterprise appetite

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CFRA Reiterates Hold Opinion On Shares Of Blackstone Inc.

/ / Financials /

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 $28 to $135 on a forward P/E of 25.7x, above the three-year historic average at 22.0x given the macro outlook positioned for lower rates. With real estate still a drag on the ’24 outlook, we cut our ’24 EPS by $0.45 to $5.25 and set ’25’s at $6.35. BX posted Q4 24 EPS of $1.11, a $0.10 consensus beat. For industry-realized financial metrics, performance revenues were +47% in Q4 (-54% in ’23), net realizations +16% (-58%), and distributable earnings +4% (-24%). Investment performance in ’23 was best in Private Credit (+16.4%), Liquid Credit (+13.0%), Infrastructure (+12.1%), and Corporate Private Equity (+12.1%), while Real Estate areas were -6.3% in Opportunistic and -4.3% in Core+ funds. Fund net inflows were +$23B in Q4 (+$149B in

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RTX’s Pratt & Whitney Fixing Affected Engines Faster, Raytheon Could See Turnaround in 2025, BofA Says

/ / Industrials /

RTX’s (RTX) Pratt & Whitney unit is delivering new full-life disks ahead of expectations and fixing impacted engines faster, while the Raytheon business is likely poised for a turnaround in 2025, BofA Securities said in a note Thursday. BofA analysts, including Ronald Epstein, took note of better-than-projected execution in servicing contaminated powder-metal discs in geared turbo fan aircraft engines. Pratt & Whitney is fixing affected engines faster to avoid a peak of 650 jets on the ground, according to the analysts. The company’s Collins Aerospace subsidiary continues to take advantage of higher aftermarket demand and a recovery in wide-body flight volume, while Raytheon’s recent restructuring and management changes “give us more confidence in a turnaround of that business in 2025,” the analysts said. The brokerage upgraded its rating on the aerospace and defense contractor’s stock to neutral from underperform and raised its price objective to $100 from $78.

RTX’s Pratt & Whitney Fixing Affected Engines Faster, Raytheon Could See Turnaround in 2025, BofA Says Read Post »

General Dynamics (NYSE:GD) Stock Analyst Ratings

/ / Industrials /

General Dynamics (NYSE:GD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/25/2024 14.1% RBC Capital → $300 Reiterates Outperform → Outperform 10/26/2023 8.39% Susquehanna $270 → $285 Maintains Positive 10/26/2023 0.41% Wells Fargo $243 → $264 Maintains Overweight 10/11/2023 0.79% UBS → $265 Initiates Coverage On → Neutral 09/28/2023 3.07% Deutsche Bank → $271 Initiates Coverage On → Buy 09/26/2023 -1.88% Berenberg $254 → $258 Maintains Market Perform 09/25/2023 2.69% Susquehanna → $270 Reiterates Positive → Positive 09/19/2023 7.63% Citigroup $283 → $283 Maintains Buy 09/18/2023 -7.58% Wells Fargo $258 → $243 Maintains Overweight 07/28/2023 -1.88% Wells Fargo $244 → $258 Maintains Overweight 07/27/2023 -4.92% Morgan Stanley $248 → $250 Maintains Equal-Weight 07/27/2023 2.69% RBC Capital → $270 Reiterates Outperform → Outperform 07/27/2023 -4.54% JP Morgan $245 → $251 Maintains Overweight 04/27/2023 2.69% RBC Capital $280 → $270 Maintains Outperform 04/27/2023 -4.54%

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