After-hours movers: Micron, Chewy, Five Below and more
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- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
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- Buy gold stocks as valuations are cheap amid macro tension: BofA
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- Needham Starts NeoVolta (NEOV) at Buy
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
Chewy Inc. (CHWY) PT Lowered to $26 at JMP Securities, 'current valuation as an attractive entry point'
March 21, 2024 9:56 AM EDTJMP Securities analyst Nicholas Jones lowered the price target on Chewy Inc. (NYSE: CHWY) to $26.00 (from $28.00) while maintaining a Market Outperform rating.
The analyst comments "Chewy reported solid 4Q23 results with top-line revenue coming in slightly above consensus and adj. EBITDA/margin also beating expectations. F1Q24 revenue guidance came in slightly below... More
Micron Technology (MU) PT Raised to Street High $225 at Rosenblatt
March 21, 2024 7:01 AM EDTRosenblatt analyst Hans Mosesmann raised the price target on Micron Technology (NASDAQ: MU) to $225.00 (from $140.00) while maintaining a Buy rating.
The analyst comments "Micron crushed its February quarter print and May quarter outlook on strong AI momentum, general market recovery, and a faster-than-expected impact to DRAM supply on aggressive HBM3e wafer allocation (requires 3x the number of wafers vs. DDR5). HBM3e alone will drive most of the DRAM... More
Chewy Inc. (CHWY) PT Lowered to $19 at Piper Sandler
March 21, 2024 6:58 AM EDTPiper Sandler analyst Peter Keith lowered the price target on Chewy Inc. (NYSE: CHWY) to $19.00 (from $21.00) while maintaining a Neutral rating.
The analyst comments "We maintain our Neutral rating and lower our PT to $19 following Q4 results that were relatively inline. While... More
Micron Technology (MU) PT Raised to $130 at Piper Sandler
March 21, 2024 6:57 AM EDTPiper Sandler analyst Harsh Kumar raised the price target on Micron Technology (NASDAQ: MU) to $130.00 (from $95.00) while maintaining a Overweight rating.
The analyst comments "Micron reported stellar results and guidance primarily driven by end-market tailwinds which we expect to last through... More
Micron Technology (MU) PT Raised to $120 at Needham
March 21, 2024 6:52 AM EDTNeedham analyst N. Quinn Bolton raised the price target on Micron Technology (NASDAQ: MU) to $120.00 (from $100.00) while maintaining a Buy rating.
The analyst comments "Micron posted a very strong beat and raise F2Q24 as the memory market inflects higher across the... More
KB Home (KBH) PT Raised to $69 at RBC Capital
March 21, 2024 6:44 AM EDTRBC Capital analyst Mike Dahl raised the price target on KB Home (NYSE: KBH) to $69.00 (from $63.00) while maintaining a Sector Perform rating.
The analyst comments "We raise our FY24 EPS est. +6% to $7.66 driven by the 1Q beat and stronger FY deliveries.... More
Five Below (FIVE) PT Lowered to $210 at Citi
March 21, 2024 6:41 AM EDTCiti analyst Paul Lejuez lowered the price target on Five Below (NASDAQ: FIVE) to $210.00 (from $227.00) while maintaining a Buy rating.
The analyst comments "4Q EPS $3.65 were below consensus $3.78 driven by lower GM vs cons due to higher expected shrink. After completing... More
Micron Technology (MU) PT Raised to $135 at Cantor Fitzgerald, 'Don’t Overthink It, the Memory Cycle is Just Getting Started'
March 21, 2024 6:35 AM EDTCantor Fitzgerald analyst C.J. Muse raised the price target on Micron Technology (NASDAQ: MU) to $135.00 (from $120.00) while maintaining a Overweight rating.
The analyst comments "Expectations were high, but Micron certainly delivered the goods. The May Q outlook is better any way you... More
Chewy Inc. (CHWY) PT Lowered to $18 at MoffettNathanson
March 21, 2024 6:28 AM EDTMoffettNathanson analyst Michael Morton lowered the price target on Chewy Inc. (NYSE: CHWY) to $18.00 (from $21.00) while maintaining a Neutral rating.
The analyst comments "Our concerns around increasing competition in the pet industry are not alleviated and appear in Chewys muted net adds. We... More
Chewy Inc. (CHWY) PT Lowered to $16.50 at BofA Securities
March 21, 2024 6:17 AM EDTBofA Securities analyst Curtis Nagle lowered the price target on Chewy Inc. (NYSE: CHWY) to $16.50 (from $17.00) while maintaining a Underperform rating.
The analyst comments "Reported 4Q rev/EBITDA of $2.83bn/$86mn vs. Street at $2.79bn/$65mn. Active customers of 20.1mn declined 1.5% YoY... More
Micron Technology (MU) PT Raised to $150 at TD Cowen
March 21, 2024 6:15 AM EDTTD Cowen analyst Karl Ackerman raised the price target on Micron Technology (NASDAQ: MU) to $150.00 (from $120.00) while maintaining a Outperform rating.
The analyst comments "Results/guide were flawless & surpassed even the most bullish expectations we heard. With the stock trading at ~13x... More
KB Home (KBH) PT Raised to $64 at Wedbush
March 21, 2024 6:01 AM EDTWedbush analyst Jay McCanless raised the price target on KB Home (NYSE: KBH) to $64.00 (from $60.00) while maintaining a Neutral rating.
The analyst comments "Our PT moves to $64 from $60, and we reiterate our NEUTRAL rating on KBH. KB was able to raise prices... More
Chewy Inc. (CHWY) PT Lowered to $18 at Deutsche Bank
March 21, 2024 5:36 AM EDTDeutsche Bank analyst Leo Horowitz lowered the price target on Chewy Inc. (NYSE: CHWY) to $18.00 (from $19.00) while maintaining a Hold rating.
The analyst comments "While Chewy delivered better-than-expected 4Q results with revenue 150 bps ahead and Adj. EBITDA ~$30mn ahead of our expectations, the company's 2024 outlook will continue to call into question what a sustainable top-line growth algorithm for Chewy looks like on a go forward basis. Additionally, despite the 4Q beat, net customer losses of... More
Five Below (FIVE) PT Lowered to $220 at Telsey
March 21, 2024 5:08 AM EDTTelsey analyst Joseph Feldman lowered the price target on Five Below (NASDAQ: FIVE) to $220.00 (from $230.00) while maintaining a Outperform rating.
The analyst comments "Five Belows 4Q23 earnings and guidance for 1Q24 and 2024 missed expectations, primarily due to higher-than-anticipated pressure from shrink. Like many retailers in our coverage, including Dollar General (DG; Outperform; PT=$170) and Target (TGT; Outperform; PT=$195), Five Below experienced higher shrink, especially... More
Five Below (FIVE) PT Lowered to $204 at Truist Securities
March 21, 2024 4:58 AM EDTTruist Securities analyst Scot Ciccarelli lowered the price target on Five Below (NASDAQ: FIVE) to $204.00 (from $214.00) while maintaining a Buy rating.
The analyst comments "4Q comps were in-line with our revised forecast, driven by transactions/Five Beyond formats. However, EPS were below, as... More
Micron Technology (MU) PT Raised to $98 at Morgan Stanley
March 21, 2024 4:29 AM EDTMorgan Stanley analyst Joseph Moore raised the price target on Micron Technology (NASDAQ: MU) to $98.00 (from $78.00) while maintaining a Underweight rating.
The analyst comments "This was a good quarter from Micron, better than expected as better pricing fell through to... More
Chewy Inc. (CHWY) PT Lowered to $32 at Goldman Sachs
March 21, 2024 4:26 AM EDTGoldman Sachs analyst Alexandra Steiger lowered the price target on Chewy Inc. (NYSE: CHWY) to $32.00 (from $36.00) while maintaining a Buy rating.
The analyst comments "In its earnings report, Chewy (CHWY) mgmt struck a few key themes: 1) Solid FQ4 operating performance against a... More
Micron Technology (MU) PT Raised to $122 at Goldman Sachs
March 21, 2024 4:25 AM EDTGoldman Sachs analyst Toshiya Hari raised the price target on Micron Technology (NASDAQ: MU) to $122.00 (from $112.00) while maintaining a Buy rating.
The analyst comments "Micron reported very strong FY2Q results driven by robust DRAM/NAND pricing and guided FY3Q non-GAAP... More
KB Home (KBH) PT Lowered to $78 at Evercore ISI
March 21, 2024 4:23 AM EDTEvercore ISI analyst Stephen Kim lowered the price target on KB Home (NYSE: KBH) to $78.00 (from $82.00) while maintaining a Outperform rating.
The analyst comments "KB Home reported 1Q24 (February) adjusted diluted EPS of $1.77, excluding -$1.3mm in land charges, topping our $1.68 estimate and the Streets... More
Five Below (FIVE) PT Lowered to $215 at JPMorgan
March 21, 2024 4:08 AM EDTJPMorgan analyst Matthew Boss lowered the price target on Five Below (NASDAQ: FIVE) to $215.00 (from $222.00) while maintaining a Overweight rating.
The analyst comments "FIVE reported 4Q EPS of $3.65 (below mgmts 1/8 ~$3.72-$3.80 guide) with +3.1% same-store-sales more/less in-line and the miss... More
Guess (GES) PT Raised to $29 at Jefferies
March 21, 2024 4:06 AM EDTJefferies analyst Corey Tarlowe raised the price target on Guess (NYSE: GES) to $29.00 (from $24.00) while maintaining a Hold rating.
The analyst comments "GES reported strong 4Q top- and bottom-line results, with revenue growing 9% YoY and margins expanding to drive a... More
