After-hours movers: Amazon, AMD, Starbucks, Pinterest and more

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Skyworks Solutions (SWKS) PT Lowered to $83 at Citi

May 2, 2024 5:57 AM EDT

Citi analyst Atif Malik lowered the price target on Skyworks Solutions (NASDAQ: SWKS) to $83.00 (from $85.00) while maintaining a Sell rating.

The analyst comments "SWKS stock was down 13% after hours after reporting a modestly better Mar-Q and guiding Jun-Q below the Street.... More

Pinterest Inc (PINS) PT Raised to $46 at BMO Capital

May 1, 2024 6:43 AM EDT

BMO Capital analyst Brian J. Pitz raised the price target on Pinterest Inc (NYSE: PINS) to $46.00 (from $45.00) while maintaining a Outperform rating.

The analyst comments "We reiterate Outperform on PINS shares given: 1) impressive execution in the US with Amazon ads integration (US... More

AMD (AMD) PT Lowered to $170 at Cantor Fitzgerald

May 1, 2024 6:36 AM EDT

Cantor Fitzgerald analyst C.J. Muse lowered the price target on AMD (NASDAQ: AMD) to $170.00 (from $190.00) while maintaining a Overweight rating.

The analyst comments "At the heart of investor disappointment is lack of earnings leverage upside vis-à-vis consensus for all of CY24. The MI300 ramp is truly impressive, but supply constraints (mgmt. raised guide to $4B, we are hearing sufficient HBM for $5-6B) are limiting a vision for even greater upside where... More

Pinterest Inc (PINS) PT Raised to $52 at RBC Capital

May 1, 2024 6:33 AM EDT

RBC Capital analyst Brad Erickson raised the price target on Pinterest Inc (NYSE: PINS) to $52.00 (from $48.00) while maintaining a Outperform rating.

The analyst comments "PINS had a breakout quarter with revenue and EBITDA upside vs. Q1 and the Q2 guide. Consistent with our... More

AMD (AMD) PT Lowered to $176 at Citi

May 1, 2024 6:25 AM EDT

Citi analyst Christopher Danely lowered the price target on AMD (NASDAQ: AMD) to $176.00 (from $192.00) while maintaining a Buy rating.

The analyst comments "Yesterday after the close, AMD reported decent results and guided above Consensus driven by the MI300 ramp. The company also... More

Amazon.com (AMZN) PT Raised to $246 at MoffettNathanson

May 1, 2024 6:24 AM EDT

MoffettNathanson analyst Michael Morton raised the price target on Amazon.com (NASDAQ: AMZN) to $246.00 (from $230.00) while maintaining a Buy rating.

The analyst comments "We are comfortable with revenue assumptions and think a focus on Amazons cost centers is the opportunity... More

Skyworks Solutions (SWKS) PT Lowered to $100 at UBS

May 1, 2024 5:48 AM EDT

UBS analyst Timothy Arcuri lowered the price target on Skyworks Solutions (NASDAQ: SWKS) to $100.00 (from $110.00) while maintaining a Neutral rating.

The analyst comments "SWKS guided well below expectations on inventory digestion that appears largely specific to Apple, though the overall smartphone... More

Starbucks (SBUX) PT Lowered to $85 at UBS

May 1, 2024 5:46 AM EDT

UBS analyst Dennis Geiger lowered the price target on Starbucks (NASDAQ: SBUX) to $85.00 (from $95.00) while maintaining a Neutral rating.

The analyst comments "Pressured F2Q results included depressed global sss and margin & earnings downside, while SBUX highlighted strategic plans to support an improved sales... More

Starbucks (SBUX) PT Lowered to $100 at BTIG

May 1, 2024 5:43 AM EDT

BTIG analyst Peter Saleh lowered the price target on Starbucks (NASDAQ: SBUX) to $100.00 (from $115.00) while maintaining a Buy rating.

The analyst comments "Starbucks posted the weakest quarter in recent history with traffic plummeting as the occasional, more value-oriented customer retreated.... More

Amazon.com (AMZN) PT Raised to $210 at Roth/MKM

May 1, 2024 5:06 AM EDT

Roth/MKM analyst Rohit Kulkarni raised the price target on Amazon.com (NASDAQ: AMZN) to $210.00 (from $205.00) while maintaining a Buy rating.

The analyst comments "AMZN reported an impressive 1Q beat with revenue coming close to high-end guide and op income materially... More

Starbucks (SBUX) PT Lowered to $92 at Evercore ISI

May 1, 2024 4:59 AM EDT

Evercore ISI analyst David Palmer lowered the price target on Starbucks (NASDAQ: SBUX) to $92.00 (from $120.00) while maintaining a Outperform rating.

The analyst comments "Significantly reducing our SSS and EPS estimates... Following F2Q earnings, we are cutting our FY24e EPS from $4.02 to $3.59... More