NortonLifelock (NLOK) PT Raised to $30 at UBS
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/24/2024
- Shares jump on tech boost; fragile yen on intervention watch
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Oil prices steady after rallying on US stock decline, business data
- Yen on the brink, but Tesla pulls back
- Dollar recovers from PMI slump, yen closes in on 155 per dollar
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Wall Street closes higher as investors digest earnings, megacap outlook
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
NortonLifeLock (NLOK) Gets a Two-Notch Upgrade at BofA After Management Presented Ambitious Targets for Sustained Growth for Sales and EPS
May 12, 2021 8:34 AM EDTYesterday, NortonLifeLock Inc (NASDAQ: NLOK) held its Analyst Day, in which the management rolled out ambitious 3-5 yr targets for sustained 10%+ revenue growth and doubling EPS.
Following the event, BofA Securities analyst Tal Liani delivered a two-level upgrade for NLOK, lifting the rating to Buy from Underperform. The analyst also raised the price target to $30.00 per share from $19.00 per share.
We were previously concerned about low growth and weak sales channels, yet the company demonstrated improvements on multiple fronts such as better growth, which was directly correlated with the... More
