CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings

/ / Technology /

CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/12/2024 -15.42% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/10/2024 12.77% Citigroup $275 → $320 Maintains Buy 01/09/2024 7.13% Morgan Stanley $203 → $304 Upgrades Equal-Weight → Overweight 01/05/2024 5.73% Oppenheimer $240 → $300 Maintains Outperform 12/21/2023 11.01% Rosenblatt $245 → $315 Maintains Buy 12/21/2023 14.54% Needham $250 → $325 Maintains Buy 12/15/2023 -4.85% BMO Capital $238 → $270 Maintains Outperform 12/15/2023 -3.09% Mizuho $225 → $275 Maintains Buy 12/11/2023 -5.2% JP Morgan $230 → $269 Maintains Overweight 11/30/2023 -21.76% Goldman Sachs $195 → $222 Maintains Buy 11/29/2023 -18.94% Truist Securities → $230 Reiterates Buy → Buy 11/29/2023 -20.71% Mizuho $205 → $225 Maintains Buy 11/29/2023 -15.42% Stifel $225 → $240 Maintains Buy 11/29/2023 -17.18% JMP Securities → $235 Reiterates Market Outperform → Market Outperform 11/29/2023 -28.46% Morgan Stanley $187 → […]

CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings Read Post »

CFRA Maintains Hold Opinion On Shares Of Unitedhealth Group Incorporated

/ / Health Care /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target $24 to $571, reflecting a 20.5x multiple of our 2024 EPS estimate (down $0.10 to $27.85), above UNH’s five- and 10-year averages of 19.6x and 18.4x, respectively, and a premium to managed health care peers. We start our 2025 estimate at $31.49. UNH reported Q4 adjusted EPS of $6.16 vs. $5.34, topping consensus by $0.17. Revenue of $94.4B (+14% Y/Y) beat consensus by roughly $2.2B, supported by growth in commercial and Medicare customers, offset some by fewer Medicaid customers given losses from the nationwide redetermination process. Patient growth and higher Rx volumes at Optum, as well as additions from the recently acquired Change Healthcare, also supported the quarterly beat. Margins declined as the Q4 medical cost ratio (MCR) was 85%, up from

CFRA Maintains Hold Opinion On Shares Of Unitedhealth Group Incorporated Read Post »

CFRA Retains Hold Rating On Shares Of Citigroup 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 lift our target $6 to $54, a 9.0x forward P/E of our 2024 EPS view, in line with the three-year historic average. Our 2024 EPS is unchanged at $6.00 and we set 2025’s at $7.05. C posted Q4 adj. EPS of $0.84, a $0.09 consensus beat, and realized +4% Y/Y growth (flat Q/Q) in net interest income (NII), with higher volumes and net interest earning an asset yield of 2.46% vs. 2.39% (2.49%). Non-NII businesses were -24% Y/Y, with higher commission (+10%) and principal transaction fees (-39%). New segment reporting was set for C’s new strategy. Banking reported +22% revenue growth, with investment banking fees +16%, M&A +11%, equity underwriting -17%, and debt underwriting +43%. Markets (or trading) saw +1% fee revenue with equity markets +9%

CFRA Retains Hold Rating On Shares Of Citigroup Inc. Read Post »

Delta Air Lines, Inc. (DAL) Q4 2023 Earnings Call Transcript Summary

/ / Consumer Discretionary /

The following is a summary of the Delta Air Lines, Inc. (DAL) Q4 2023 Earnings Call Transcript: Financial Performance: Delta Air Lines reported record revenues of $55 billion for 2023, about 20% higher than pre-pandemic, including a record December quarter revenue of $13.7 billion, 11% higher than 2022. It delivered earnings of $6.25 per share and pretax income of $5.2 billion in the year, nearly doubling the performance of 2022. The company reported a Q4 pretax profit of $1.1 billion, with total earnings of $1.28 per share. It generated $2 billion in free cash flow after gross CapEx of $5.3 billion, and repaid over $4 billion of gross debt. For Q1 2024, earnings are expected to range from $0.25 and $0.50 per share on approximately 5% operating margin, with a full year forecast of earnings between $6 to $7 per share. Business Progress: Delta Air Lines enhanced its premium offerings

Delta Air Lines, Inc. (DAL) Q4 2023 Earnings Call Transcript Summary Read Post »

Why Microsoft’s Stock Is a Better Investment Than Apple

/ / Technology /

By Philip van Doorn Microsoft is expected to keep putting up strong numbers, while Apple turns into a slow-grower. Apple Inc. has long been the most valuable U.S. company, but Microsoft Corp. seems poised to overtake it. A look back at the companies’ financial performance and a look ahead at expected revenue and profits make the case that Apple is no longer a growth stock and that Microsoft is the better long-term investment. Late Friday morning, Apple (AAPL) remained in the top spot with a market capitalization of $2.893 trillion, just ahead of Microsoft (MSFT) at $2.884 trillion. Apple’s stock was down 3.4% for 2024, while Microsoft was up 3.1% for the new year. Read: Apple stock looks expensive vs. the rest of the ‘Magnificent Seven’ P/E valuation Here’s a quick comparison of total returns (with dividends reinvested) for the stocks, and for the SPDR S&P 500 ETF Trust SPY,

Why Microsoft’s Stock Is a Better Investment Than Apple Read Post »

CFRA Keeps Buy Opinion On Shares Of Blackrock, 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 lift our 12-month target price by $45 to $895, or 19.8x our ’25 EPS estimate of $45.10 (upped by $1.05) and 20.8x our ’24 EPS estimate of $43.08 (raised by $2.05), in line with BLK’s three-year average forward multiple of 20x. Q4 EPS of $9.66 versus $8.93 topped our $9.40 EPS estimate and the $8.84 consensus view on a 7% revenue rise (above our 3%-5% forecast), and ’23 EPS of $37.77 (versus $35.36) beat our $37.52 EPS estimate and the $37.09 consensus view. December 31, 2023 AUM of $10T rose 16% Y/Y, aided by $289B of net inflows (3% organic growth). We applaud BLK’s accretive acquisition of Global Infrastructure Partners (GIP) for $12.5B in cash ($3B) and stock (12M shares) in a deal that creates a

CFRA Keeps Buy Opinion On Shares Of Blackrock, Inc. Read Post »

Delta Air Lines Seeing Progress In Corporate-Travel Recovery

/ / Consumer Discretionary /

Delta Air Lines is seeing more sectors that had lagged the broader return to corporate travel starting to once again hit the skies, Chief Executive Ed Bastian tells analysts on a conference call. “We’re finally starting to see the tech companies traveling again,” he says. The airline is also seeing a rise in travel from consulting firms, which Bastian says also lagged the broader state of corporate travel last year. The auto sector has also recovered from the labor strikes last year and executives have begun traveling once again, he says, as has the entertainment sector. Shares fall 8% on a bleak profit forecast.

Delta Air Lines Seeing Progress In Corporate-Travel Recovery Read Post »

Wells Fargo & Company (WFC) Q4 2023 Earnings Call Transcript Summary

/ / Financials /

The following is a summary of the Wells Fargo & Company (WFC) Q4 2023 Earnings Call Transcript: Financial Performance: Wells Fargo reported net income of $3.4 billion, with a growth in net income and diluted earnings per share due to higher revenue and lower expenses. The revenue growth was conveyed by a significant growth in net interest income as well as higher noninterest income. The common stock dividend increased to $0.35 and they repurchased $12 billion of common stock. Despite these performances, average loans witnessed a modest increase due to a decrease in loan demand and average deposits fell because of increased consumer spending. The net loan charge-offs rose by 17 basis points owing to commercial real estate office and credit card loans. The Net interest income for Q4 showed a decline by $662 million, due to lower loan deposit balances, reflecting in the company’s expectation of a 7-9% decrease

Wells Fargo & Company (WFC) Q4 2023 Earnings Call Transcript Summary Read Post »

JPMorgan CFO Doesn’t Sound Worried About A Recession, Says ‘Consumer Is Fine’

/ / Financials /

JPMorgan Chase & Co (NYSE:JPM) reported earnings Friday morning, beating EPS estimates and trading higher before giving up those gains later in the session. But according to the firm’s CFO, Jeremy Barnum, consumer resiliency is high. What Happened: “The consumer is fine,” Barnum said during the bank’s fourth-quarter (Q4) earnings call. Some economists have worried that high interest rates will cause a downturn in spending and economic growth. But the data shows otherwise. “All of the relevant metrics are now effectively normalized,” he added. Barnum does point out, however, that consumers have been spending more money than they’re bringing in, creating potential problems down the road. But Barnum also said that he expects the labor market to remain strong, which would keep consumer credit elevated. JPMorgan Chase CEO Jamie Dimon had slightly less dovish comments on the overall economy, insisting consumers may run into stickier inflation and higher interest rates for longer than what

JPMorgan CFO Doesn’t Sound Worried About A Recession, Says ‘Consumer Is Fine’ Read Post »

Boeing Cash Flow Outlook In Focus

/ / Industrials /

Boeing lost almost $19B in market value this week in the wake of the Alaska Airlines incident. Investors are focused on the impact on its closely-watched free cash flow from potential delays in certification and production increases. Many sell-side analysts trimmed forecasts for 2024, but three this week also cut their 2025 outlooks, one by almost a fifth from the current consensus of around $9.3B. Boeing is off 2.2% at $217.66.

Boeing Cash Flow Outlook In Focus Read Post »

Microsoft Leads AI Race Despite M365 Copilot’s Slow Start: Analyst

/ / Technology /

Piper Sandler analyst Brent Bracelin reiterated Microsoft Corp (NASDAQ:MSFT) with an Overweight and a $455 price target. After attending several developer sessions at the Microsoft AI event in San Francisco today, the analyst remained encouraged by the momentum around the most mature AI products (GitHub Copilot and Azure AI) but felt the new 3-month-old M365 Copilot remains in the early enterprise adoption phase. Microsoft remained his favorite AI All-Star stock, but tactically, after the 57% move in 2023, it might need further AI proof points and time to grow into the premium multiple over the next 3-6 months. Regardless, Microsoft has a first-mover advantage in AI that makes this a core growth holding. GitHub Copilot Enterprise (scheduled to GA in February) features enough compelling enhancements to justify the $39/month price point (vs. GitHub Copilot individual pricing at $10/month and business version at $19/month). The number of GitHub Copilot users has scaled quickly to

Microsoft Leads AI Race Despite M365 Copilot’s Slow Start: Analyst Read Post »

Scroll to Top