10 Biggest Price Target Changes For Friday Jefferies cut the price target on MEI Pharma, Inc. (NASDAQ: MEIP) from $4 to $1. MEI Pharma shares fell 44.2% to $1.01 in pre-market trading. Benzinga · Mar 25, 2022
Is Tesla The New Ford? How To Trade The Reaction To Elon Musk Opening Giga Berlin Tesla, Inc (NASDAQ: TSLA) shot up over 8% on Tuesday, after Elon Musk cut the ribbon at Giga Berlin, the EV maker’s first manufacturing plant outside the U.S. and China. Benzinga · Mar 22, 2022
Why This Bullish Tesla Analyst Is Reducing Their Price Target Tesla, Inc. (NASDAQ: TSLA) shares have pulled back notably from their all-time highs in a marketwide downturn. An analyst at Jefferies is weighing in on the company's fundamental prospects and the external factors impacting its business. Benzinga · Mar 22, 2022
Why Are Rent The Runway Shares Trading Higher Today Jefferies analyst Ashley Helgans initiated coverage of Rent The Runway Inc (NASDAQ:RENT) with a Buy rating and $13 price target, implying an 81% upside. Ashley listed low consumer penetration and post-COVID event backlog to support FY22 subscriber and revenue growth of over 40% and 50%, respectively. Rent The Runway is an e-commerce platform that allows… Benzinga · Mar 18, 2022
Read Why Jefferies Sees Sharp Upside In This Thrift Store Operator Jefferies analyst Ashley Helgans initiated coverage of ThredUp Inc (NASDAQ:TDUP) with a Buy rating and $13 price target, implying a 57% upside. Ashley noted ThredUp is uniquely positioned in the resale industry as the only managed marketplace for mass apparel and footwear. ThredUp is an online resale platform for women and kids apparel, shoes, and accessories.… Benzinga · Mar 18, 2022
Jefferies Lists Preferred Semiconductor Capital Equipment Stocks Jefferies analyst Mark Lipacis' analysis of transistor count in CPUs supported his thesis of secular demand for wafer fab equipment. Benzinga · Mar 18, 2022
Read Why Jefferies Sees 10% Upside In This E-Commerce Company Jefferies analyst Ashley Helgans initiated coverage of Poshmark Inc (NASDAQ:POSH) with a Hold rating and $14 price target, implying a 10.67% upside. Ashley thinks the asset-light model, higher user engagement, and industry backdrop could turn out to be in its favor. The analyst is doubtful about offsets from the IDFA (identifier for advertisers) impact, reliance… Benzinga · Mar 18, 2022
Jefferies Goes Bullish On Nokia Jefferies analyst Janardan Menon initiated coverage of Nokia Oyj (NYSE:NOK) with a Buy rating and EUR 6 price target. Menon sees 2022 as a strong year for telecom equipment makers citing lofty U.S. C-band deployments and improved 5G roll-outs in Europe. Also Read: Why Nokia Shares Are Rising Today Menon expects Nokia to benefit from… Benzinga · Mar 17, 2022
Jefferies Sees Potential In Microsoft's Power Platform Jefferies analyst Brent Thill notes Microsoft Corp's (NASDAQ: MSFT) emerging Power Platform has "an outsized impact via a halo effect" on the entire Microsoft suite. Benzinga · Mar 17, 2022
Boeing Tests Suppliers On 787 Output Hikes: Reuters Boeing Co (NYSE:BA) is said to be testing suppliers' capacity to meet 787 Dreamliner output scenarios as high as seven a month by end-2023, Reuters reported, citing three people with knowledge of the matter. Boeing has discussed ambitious scenarios with parts makers as it surveys an industry crippled by successive crises and… Benzinga · Mar 11, 2022
Why Roblox Shares Are Tumbling Today Roblox Corp (NYSE: RBLX) is trading lower Thursday after Jefferies analyst Andrew Uerkwitz maintained the stock with a Hold rating and lowered the price target from $60 to $50. Benzinga · Mar 10, 2022
CrowdStrike Shares Soar Premarket As Analysts Paint Huge Upsides Post Q4 Analysts painted a sharp upside to CrowdStrike Holdings Inc (NASDAQ:CRWD) after it reported a stronger than expected Q4 and initial FY23 growth outlook. ARR rose 65% Y/Y and grew to $1.73 billion, of which $216.9 million was net new ARR added in Q4. BTIG analyst Gray Powell upgraded to Buy from Neutral with a $257 PT (51.4%… Benzinga · Mar 10, 2022
Benzinga · Mar 8, 2022 Why Are Caterpillar Shares Surging Today? Caterpillar Inc (NYSE: CAT) is leading the Dow Jones higher Tuesday after Jefferies analyst Stephen Volkmann upgraded the stock from a Hold rating to a Buy rating and raised the price target from $215 to $260.
Benzinga · Mar 8, 2022 Jefferies Turns Bullish On Caterpillar, Raises Price Target By 21% Jefferies analyst Stephen Volkmann upgraded Caterpillar Inc (NYSE:CAT) to Buy from Hold and raised the price target to $260 (an upside of 26%) from $215. Volkmann's prior Hold rating had been based on concerns that constrained CAPEX and ESG themes in mining and oil and gas markets that accounted for about 40% of Caterpillar revenue,…
Benzinga · Mar 2, 2022 Jefferies Raises Price Target On This Small-Cap 'Stand Out' Biotech Stock Ardelyx Inc (NASDAQ:ARDX) shares are trading higher after Jefferies upgraded shares to Buy from Hold and raised the price target on the stock to $5 from $1. Analyst Chris Howerton thinks Ardelyx "stands out" given that the Company has an approved IBS-C product, Isbrela, that will launch in April and whose commercial…
Benzinga · Mar 1, 2022 Read Why Did Jefferies Downgrade Gemini Therapeutics To Hold Jefferies has cut Gemini Therapeutics Inc (NASDAQ: GMTX) to Hold as the Company explores alternatives.
Benzinga · Feb 28, 2022 Why This Analyst Is So Impressed With GoPro Right Now GoPro Inc’s (NASDAQ: GPRO) online strategic realignment to a subscription-based model has been impressive, enabling the company to expand margins and offer “greater go-forward visibility,” according to Jefferies.
Benzinga · Feb 22, 2022 Here's Why Jefferies Sees More Alibaba Stake Sale By SoftBank SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) sold 20 million Alibaba Group Holding Ltd (NYSE: BABA) shares in the last quarter and "
Benzinga · Feb 14, 2022 Jefferies Cuts Wayfair Price Target By 40% Jefferies analyst Jonathan Matuszewski lowered the price target on Wayfair Inc (NYSE:W) to $149 from $247, implying a 1% upside, and kept a Hold rating on the shares. The move comes after Matuszewski's web traffic review that led him to cut his Q4 sales forecast by about 3%. The analyst now sees an EBITDA loss…
Benzinga · Feb 4, 2022 Here's Why Take-Two Interactive Software Shares Are Trading Higher Today Take-Two Interactive Software Inc's (NASDAQ:TTWO) Rockstar Games said a new game in the Grand Theft Auto series is developing. The studio also announced the release of Grand Theft Auto V on the newest consoles, the PlayStation 5 and Xbox Series X, for March 15. Analyst Ratings: Jefferies analyst Andrew Uerkwitz reiterated a Buy rating and $231 price…
Benzinga · Jan 28, 2022 Jefferies Is Bullish On This Bitcoin Miner, Sees Sharp Upside Jefferies analyst Jonathan Petersen initiated coverage of Marathon Digital Holdings Inc (NASDAQ: MARA) with a Buy rating and $51 price target, suggesting an upside of 139%.