Blackstone (NYSE:BX) Stock Analyst Ratings

/ / Financials /

Blackstone (NYSE:BX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/11/2024 — Oppenheimer Downgrades Outperform → Perform 01/04/2024 -2.56% TD Cowen → $118 Initiates Coverage On → Market Perform 01/03/2024 5.7% Goldman Sachs → $128 Downgrades Buy → Neutral 12/20/2023 23.86% Piper Sandler → $150 Assumes → Overweight 10/20/2023 -13.29% Oppenheimer $107 → $105 Maintains Outperform 10/20/2023 -6.69% Wells Fargo $118 → $113 Maintains Overweight 10/20/2023 -22.38% BMO Capital $97 → $94 Maintains Market Perform 10/20/2023 -0.91% Morgan Stanley $125 → $120 Maintains Overweight 10/10/2023 -4.21% Barclays $110 → $116 Maintains Equal-Weight 10/06/2023 -6.69% HSBC → $113 Initiates Coverage On → Hold 09/05/2023 3.22% Morgan Stanley $125 → $125 Reiterates Overweight → Overweight 07/24/2023 -7.51% Goldman Sachs $98 → $112 Maintains Buy 07/21/2023 -3.39% Oppenheimer $115 → $117 Maintains Outperform 07/21/2023 3.22% Morgan Stanley $116 → $125 Maintains Overweight 07/21/2023 -19.9% BMO […]

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The IPO Market Looks Ready to Explode, Says Nasdaq CEO — Barrons.com

/ / Financials /

Eric J. Savitz Close to 100 companies recently have filed confidentiality with the Securities and Exchange Commission for initial public offerings and plan to list on Nasdaq, according to Adena Friedman, Nasdaq’s CEO. Friedman made that startling comment in a wide-ranging interview with Barron’s at the CES tech trade show in Las Vegas. If she’s right, it would suggest a major rebound for the IPO market is in the offing. The last two years were the slowest period for new issues in more than 40 years. Jay Ritter, a professor at the University of Florida, counts just nine tech IPOs in 2023, and six in 2022, down from 121 such deals in 2021. A flurry of tech IPOs in September — Arm Holdings, Klaviyo, and Maplebear (which does business as Instacart) — failed to revive the IPO market from its slumber. While Friedman cautions that we continue to live in

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CrowdStrike Set to See Higher Demand, Broader Platform Traction in 2024, Morgan Stanley Says

/ / Technology /

CrowdStrike (CRWD) is set to see improved demand due to rising cyberattacks, new products, and generative artificial intelligence tailwinds, Morgan Stanley said in a note Tuesday. The analysts said they were upgrading the stock based on “improving demand, broader platform traction, and multiple product cycles still ramping up,” including Charlotte AI. Ransomware attacks are on the rise, driving stronger demand for CrowdStrike’s incident response and endpoint security services, and boosting the company’s professional services revenue. This is one of the key indicators for stronger subscription demand and shows why CrowdStrike is set to outperform in 2024, the analysts said. The company has also expanded from core endpoint protection to a broader platform as well as remains strongly positioned to leverage and monetize GenAI, given its leadership in securing endpoints, the analysts said, adding that they expect the recently launched Charlotte AI to add $100 million in annual recurring revenue by

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Apple’s App Store Fiscal Q1 Revenue Rose 2% With December Up 10%, BofA Says

/ / Technology /

Apple’s (AAPL) App Store revenue in fiscal Q1 rose 2% to $6.7 billion, BofA Securities said Tuesday in a report, citing Sensor Tower data. Fiscal Q1 had 91 days while the same period a year earlier had 98 days, the report said. App Store revenue in December rose about 10% both globally and in China, BofA said. In Q1, App Store gaming revenue decreased 3.4% to $3.6 billion and made up only 53% of total revenue compared with 56% a year earlier, the report said. The one less week in Q1 drove the drop, the bank said. App Store revenue trends in December also improved in the US, BofA said. The investment firm kept its neutral rating on Apple as “positive catalysts of new product introduction and stable iPhones are offset by a potentially weaker consumer spending environment,” according to the report.

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Stifel Financial Corp. (NYSE:SF) Stock Analyst Ratings

/ / Financials /

Stifel Financial Corp. (NYSE:SF) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 6.46% UBS $62 → $74 Maintains Neutral 01/04/2024 19.41% TD Cowen → $83 Initiates Coverage On → Outperform 10/10/2023 17.97% JMP Securities $86 → $82 Maintains Market Outperform 07/27/2023 23.72% JMP Securities → $86 Reiterates Market Outperform → Market Outperform 07/10/2023 23.72% JMP Securities $91 → $86 Maintains Market Outperform 06/30/2023 30.92% JMP Securities → $91 Reiterates Market Outperform → Market Outperform 05/22/2023 30.92% JMP Securities $91 → $91 Reiterates Market Outperform → Market Outperform 04/27/2023 30.92% JMP Securities → $91 Reiterates → Market Outperform 04/11/2023 -6.49% Citigroup $72 → $65 Maintains Neutral 04/10/2023 30.92% JMP Securities $95 → $91 Maintains Market Outperform 03/13/2023 36.67% JMP Securities → $95 Reiterates → Market Outperform 01/10/2023 36.67% JMP Securities $98 → $95 Maintains Market Outperform 11/22/2022 -91.37% UBS → $6 Initiates

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Microsoft (NASDAQ:MSFT) stock Analyst Ratings

/ / Technology /

Microsoft (NASDAQ:MSFT) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 12.22% BMO Capital $400 → $420 Maintains Outperform 01/02/2024 21.57% Piper Sandler $425 → $455 Maintains Overweight 12/28/2023 20.23% Wedbush $425 → $450 Maintains Outperform 12/15/2023 20.23% Mizuho $420 → $450 Maintains Buy 12/13/2023 60.31% Truist Securities → $600 Initiates Coverage On → Buy 12/05/2023 14.89% Argus Research $390 → $430 Maintains Buy 12/05/2023 24.51% China Renaissance → $466 Initiates Coverage On → Buy 11/29/2023 26.91% Tigress Financial $433 → $475 Maintains Buy 11/24/2023 12.22% Mizuho $420 → $420 Reiterates Buy → Buy 11/24/2023 4.2% RBC Capital $390 → $390 Reiterates Outperform → Outperform 11/22/2023 13.55% Wedbush → $425 Reiterates Outperform → Outperform 11/20/2023 15.42% Evercore ISI Group → $432 Reiterates Outperform → Outperform 11/20/2023 8.21% Macquarie $405 → $405 Reiterates Outperform → Outperform 11/20/2023 13.55% Wedbush → $425 Reiterates Outperform

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CrowdStrike Stands to Gain as Cyberattacks Spread. The Stock Scores an Upgrade. — Barrons.com

/ / Technology /

By Angela Palumbo CrowdStrike Holdings stock took off after a Morgan Stanley analyst raised his target for the price by 50%, citing mounting cyberattacks and new technology meant to fight them. Morgan Stanley analyst Hamza Fodderwala upgraded shares of CrowdStrike to Overweight from Equal Weight and increased his price target to $304 from $203 on Tuesday. That implies a 16% increase from the stock’s closing price of $261.28 on Monday. “We see an improving demand outlook for CRWD as accelerating cyberattacks, multiple new products and GenAI tailwinds drive estimates upside,” Fodderwala said in a research note. CrowdStrike helps clients to prevent and deal with breaches. Demand for its products and services is high as cyberattacks continued to proliferate last year. Clorox, Alphabet’s Google, MGM Resorts International and Caesars Entertainment all faced attacks in 2023. “Ransomware attacks are accelerating, up >70% last year. This is driving stronger demand for CRWD’s incident

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Lululemon Athletica (NASDAQ:LULU) stock Analyst Ratings

/ / Consumer Discretionary /

Lululemon Athletica (NASDAQ:LULU) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 15.19% Truist Securities $555 → $561 Maintains Buy 12/14/2023 22.37% Stifel $529 → $596 Maintains Buy 12/13/2023 12.93% Telsey Advisory Group $520 → $550 Maintains Outperform 12/08/2023 -16.23% BMO Capital $376 → $408 Maintains Market Perform 12/08/2023 8.21% Truist Securities $500 → $527 Maintains Buy 12/08/2023 -7.6% Wells Fargo $445 → $450 Maintains Equal-Weight 12/08/2023 12.11% TD Cowen $545 → $546 Maintains Outperform 12/08/2023 3.07% Deutsche Bank $500 → $502 Maintains Buy 12/08/2023 -3.5% UBS $429 → $470 Maintains Neutral 12/08/2023 2.66% JP Morgan $489 → $500 Maintains Overweight 12/08/2023 -17.87% Bernstein $366 → $400 Maintains Market Perform 12/08/2023 1.23% Morgan Stanley $437 → $493 Maintains Overweight 12/08/2023 2.66% Keybanc $450 → $500 Maintains Overweight 12/08/2023 8.82% Barclays $480 → $530 Maintains Overweight 12/08/2023 6.77% Telsey Advisory Group $450 →

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Intuitive Surgical Announces Preliminary Fourth Quarter and Full Year 2023 Results

/ / Health Care /

Intuitive Surgical Announces Preliminary Fourth Quarter and Full Year 2023 Results SUNNYVALE, Calif., Jan. 09, 2024 (GLOBE NEWSWIRE) — Intuitive Surgical (the “Company”) (Nasdaq: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, today announced certain unaudited preliminary fourth quarter and full year 2023 financial results ahead of its presentation at the 42nd Annual J.P. Morgan Healthcare Conference on January 10, 2024. Financial and Operational Highlights — Fourth quarter 2023 worldwide da Vinci procedures grew approximately 21% compared with the fourth quarter of 2022. The comparative fourth quarter of 2022 reflected a resurgence of COVID-19 in China, which negatively impacted procedure volumes in the region. — Full year 2023 worldwide da Vinci procedures grew approximately 22% compared with 2022. The Company expects worldwide da Vinci procedures to increase approximately 13% to 16% in 2024 as compared to 2023. — The Company placed 415 da

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