After-Hours Stock Movers 05/09: AMC, RingCentral Gain on Earning; Upstart, GoodRx Plunge Lower (more...)

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Microchip Technology (MCHP) PT Lowered to $100 at Jefferies

May 10, 2022 8:42 AM EDT

Jefferies analyst Mark Lipacis lowered the price target on Microchip Technology (NASDAQ: MCHP) to $100.00 (from $109.00) while maintaining a Buy rating.

The analyst commented, "MarQ revs/EPS were 1%/2% above consensus. JunQ rev and outlook are both 5% above. JunQ rev outlook assumes 6% QQ growth and... More

RingCentral (RNG) PT Lowered to $100 at Jefferies

May 10, 2022 8:40 AM EDT

Jefferies analyst Samad Samana lowered the price target on RingCentral (NYSE: RNG) to $100.00 (from $120.00) while maintaining a Buy rating following earnings.

The analyst commented, "RNG beat consensus for total rev, ARR and margins. While the headline #'s were solid, sub rev and... More

Microchip Technology (MCHP) PT Lowered to $90 at Needham & Company

May 10, 2022 7:58 AM EDT

Needham & Company analyst Rajvindra Gill lowered the price target on Microchip Technology (NASDAQ: MCHP) to $90.00 (from $105.00) while maintaining a Buy rating following earnings.

The analyst commented, "Heading into MCHP's 4QF22 report, the SOX hit new lows for the year as sentiment on... More

GoodRx Holdings Inc. (GDRX) PT Lowered to $12 at Goldman Sachs

May 10, 2022 7:00 AM EDT

Goldman Sachs analyst Eric Sheridan lowered the price target on GoodRx Holdings Inc. (NASDAQ: GDRX) to $12.00 (from $30.00) while maintaining a Buy rating.

The analyst commented, "In its Q1 22 earnings report, GoodRx presented a solid quarterly report but framed the forward business trajectory as impacted by a "grocer" partner that had... More

Citi Downgrades Upstart Holdings Inc (UPST) to Neutral

May 10, 2022 6:17 AM EDT

Citi analyst Peter Christiansen downgraded Upstart Holdings Inc (NASDAQ: UPST) from Buy to Neutral with a price target of $50.00.

The analyst comments "Our thesis going into 1Q22 results recognized that consumer credit has been normalizing. Yet our expectation was that loan performance on recent... More