After-hours movers: Marvell sinks, DocuSign and Gap rise

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Costco Wholesale (COST) PT Raised to $777 at TD Cowen, 'Pullback creates buying opportunity'

March 11, 2024 10:18 AM EDT

TD Cowen analyst Oliver Chen raised the price target on Costco Wholesale (NASDAQ: COST) to $777.00 (from $700.00) while maintaining a Outperform rating.

The analyst comments "Early-Innings Digital Innovation. Pullback creates buying opportunity given +3-4% US traffic consistency, record 93% renewal rates & global unit growth... More

Gap, Inc. (GPS) PT Raised to $9 at UBS

March 11, 2024 9:09 AM EDT

UBS analyst Jay Sole raised the price target on Gap, Inc. (NYSE: GPS) to $9.00 (from $8.00) while maintaining a Sell rating.

The analyst comments "GPS 4Q23 report was better than we expected. We raise our PT by $1 as a result. However, we believe GPS... More

Costco Wholesale (COST) PT Raised to $800 at BMO Capital

March 11, 2024 3:54 AM EDT

BMO Capital analyst Kelly Bania raised the price target on Costco Wholesale (NASDAQ: COST) to $800.00 (from $770.00) while maintaining a Outperform rating.

The analyst comments "Costco's F2Q24 was strong fundamentally, supported by membership growth and strength in renewal rates, and we believe Friday's negative... More

Docusign Inc. (DOCU) PT Raised to $93 at Citi

March 11, 2024 3:44 AM EDT

Citi analyst Tyler Radke raised the price target on Docusign Inc. (NASDAQ: DOCU) to $93.00 (from $90.00) while maintaining a Buy rating.

The analyst comments "After an uncertain few months, which included an evaluation of a sale process, DOCU delivered a very solid beat/raise,... More

Broadcom Limited (AVGO) PT Raised to $1,600 at CFRA

March 8, 2024 11:33 AM EST

CFRA analyst Angelo Zino raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,600.00 (from $1,500.00) while maintaining a Buy rating.

The analyst comments "We bump our 12-month target to $1,600 from $1,500 on a P/E of 28.1x our CY 25 EPS view, above historical given... More

Gap, Inc. (GPS) PT Raised to $15 at CFRA

March 8, 2024 10:08 AM EST

CFRA analyst Zachary Warring raised the price target on Gap, Inc. (NYSE: GPS) to $15.00 (from $12.00) while maintaining a Sell rating.

The analyst comments "We raise our 12-month price target by $3 to $15, based on 12.5x our FY 25 (Jan.) EPS estimate and below GPS's... More

Broadcom Limited (AVGO) PT Raised to $1,680 at BofA Securities

March 8, 2024 9:36 AM EST

BofA Securities analyst Vivek Arya raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,680.00 (from $1,500.00) while maintaining a Buy rating.

The analyst comments "As expected, AVGO maintained its FY24 sales outlook of $50bn, though with mix shifting more towards AI (now >$10bn vs... More

Broadcom Limited (AVGO) PT Raised to $1,550 at Goldman Sachs

March 8, 2024 5:27 AM EST

Goldman Sachs analyst Toshiya Hari raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,550.00 (from $1,325.00) while maintaining a Buy rating.

The analyst comments "Broadcom delivered a solid quarter as FY1Q (January) non-GAAP EPS (excl. SBC) of $10.99 exceeded Street consensus by 6%... More