After-hours movers: Palantir, NXP Semiconductors and more

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DA Davidson Upgrades Symbotic Inc. (SYM) to Buy

February 7, 2024 6:13 AM EST

DA Davidson analyst Matt Summerville upgraded Symbotic Inc. (NASDAQ: SYM) from Neutral to Buy with a price target of $50.00.

The analyst comments "We are upgrading SYM shares to BUY ($50 PT, unch.) following a 24% pullback in the stock on... More

NXP Semiconductors NV (NXPI) PT Raised to $240 at JPMorgan

February 6, 2024 4:25 PM EST

JPMorgan analyst Harlan Sur raised the price target on NXP Semiconductors NV (NASDAQ: NXPI) to $240.00 (from $220.00) while maintaining a Neutral rating.

The analyst comments "NXP is navigating a soft landing despite the cyclical headwinds through a combination of sustained demand in its focus end markets, sustained pricing power/content gains, and disciplined supply chain/customer/channel management. This is a good example of where the team took control of the supply/demand imbalance early on in the downcycle by undershipping true end demand... More

Symbotic (SYM) shares plunge as earnings, revenue miss expectations

February 6, 2024 7:50 AM EST

Symbotic (NASDAQ: SYM) shares plunged as much as 19% after reporting its latest quarterly earnings after the close on Monday, missing profit and revenue consensus expectations.

The company, which works in AI-enabled robotics technology for the supply chain, posted a Q1 loss per share of ($0.02),... More

William Blair on Palantir (PLTR): 'we do not believe the company’s U.S. commercial momentum is sustainable'

February 6, 2024 7:00 AM EST

William Blair analyst Louie DiPalma reiterated an Underperform rating and {REMOVEPT} price target on Palantir Technologies Inc. (NYSE: PLTR)

The analyst comments "Shares are trading up 15%-plus as investors are once again excited about the robust U.S. commercial revenue growth and margin expansion. Despite this enthusiasm, we expect shares to resume their recent downward trend after this earnings pop. Full year 2023 revenue actually came within the guidance range that was originally provided one year ago... More

Palantir Technologies Inc. (PLTR) PT Raised to $12 at Morgan Stanley, 'risk-reward skews negatively in our view'

February 6, 2024 5:38 AM EST

Morgan Stanley analyst Keith Weiss raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $12.00 (from $9.00) while maintaining a Underweight rating.

The analyst comments "Palantir's Q4 results illustrated multiple fundamental trendlines within the company, many seeming to pull in different directions US Commercial customer adds picked up nicely in the quarter and overall billings/ bookings growth was very strong, but absent revenue catch up on two deals (Japanrelated and a federal contract) and upside on strategic investments, revenues... More