Truist analyst Youssef Squali will raise its price target on Meta Platforms (NASDAQ:META) to $230 from $215 and maintain a buy rating on the stock. The analyst noted that the company’s second round of layoffs, which affects 10,000 jobs, will result in annualized cost savings of $2.5 billion to $3.5 billion and should start having … Read more
Truist: Raised its price target on Broadcom (NASDAQ:AVGO) to $700 from $659.
Truist: Raised its Salesforce (NYSE:CRM) price target from $210 to $250
Truist Securities analyst Naved Khan raised Etsy’s (Nasdaq:ETSY) price target to $150 from $125 and maintained a buy rating on the stock. The company posted stronger-than-expected fourth-quarter results and provided a further normalized first-quarter outlook. The analyst added that Etsy’s guidance is also “more conservative” given the potential risks to consumer spending from high inflation, … Read more
Truist Securities: Maintains Intel (NASDAQ:INTC) hold rating and $29 price target.
Truist Securities Lowers Home Depot (NYSE:HD) Price Target to $352 From $382, Maintains Buy Rating Truist lowered its price target on Home Depot (NYSE:HD) to $352 from $382, but maintained its buy rating on the stock. The analyst told investors in a research note that Home Depot’s fourth-quarter sales trend remained solid and the Pro … Read more
Truist analyst Neal Dingmann raised its price target on Chevron (NYSE:CVX) to $179 from $169, but maintained its hold rating on the stock. The analyst told investors in a research note that the company continues to make headlines with its buybacks, disclosing a $75 billion buyback authorization last week, but the announcement was more of … Read more
Truist: Raised Spotify (NYSE:SPOT) price target from $115 to $132.
Truist Securities: Lowered its Alphabet (nasdaq:GOOGL) price target from $130 to $120.