Piper Sandler

Piper Sandler Companies (NYSE:PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in the U.K. through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.

Piper Sandler: Raised Zoom (NASDAQ:ZM) price target to $78 from $75 with maintain a neutral rating

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Piper Sandler analyst James Fish raised its price target on Zoom (NASDAQ:ZM) to $78 from $75 and maintained a neutral rating on the stock. The analyst told investors in a research note that fourth-quarter sales results were slightly above plan as Zoom continued to find some stability in its online customer base and key product areas such as Zoom Phone and Zoom Contact Center continued to see strong adoption. Analysts said that while bears will point out that leading metrics will continue to decelerate, with revenue growth of just 1% in fiscal 2024, Zoom’s 2024 margins remain higher than expected and even adjusted for announced layoffs.

Piper Sandler: Raised Zoom (NASDAQ:ZM) price target to $78 from $75 with maintain a neutral rating Read Post »

Piper Sandler: Raised Unity Software (NYSE:U) price target to $43 Maintain an overweight rating

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Piper Sandler raised its price target on Unity Software (NYSE:U) to $43 from $33 and maintained its overweight rating on the stock. The analyst told investors in a research note that tight cost controls coupled with the merger with ironSource helped the company turn a profit for the first time in the fourth quarter. The analyst said Unity’s proposed outlook for 2023 would be 53 percent growth, meaning there aren’t too many issues and even if standalone Unity business declines year-over-year, the median revenue of $2.125 billion seems achievable.

Piper Sandler: Raised Unity Software (NYSE:U) price target to $43 Maintain an overweight rating Read Post »

Piper Sandler: Upgraded Meta Platforms (NASDAQ:META) from neutral to overweight

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Piper Sandler analyst Thomas Champion upgraded Meta Platforms (NASDAQ:META) to overweight from neutral and raised its price target to $215 from $136. The analyst said in the research note that Meta’s spending guidance for fiscal 2023 was significantly lowered, resulting in a “significant increase” in free cash flow forecasts. Analysts believe that despite the difficulties in the advertising market and the fact that the company’s investment in the metaverse space has not compromised, the dramatic change in this quarter’s results justifies the company to receive a more constructive rating.

Piper Sandler: Upgraded Meta Platforms (NASDAQ:META) from neutral to overweight Read Post »

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