Midday movers: Walmart, Chubb and Trade Desk rise; Meta, GameStop fall

Dell (DELL) PT Raised to $155 at JPMorgan

JPMorgan analyst Samik Chatterjee raised the price target on Dell (NYSE: DELL) to $155.00 (from $125.00) while maintaining a Overweight rating.

The analyst comments "It will be a tough bar for Dell heading into the earnings print with the shares already trading at 19x NTM estimates, which is more than twice the multiple the shares have historically traded at. The bull case for Dell shares adding up the... More

Citi Reiterates Buy Rating on AMD (AMD)

Citi analyst Christopher Danely reiterated a Buy rating and $176.00 price target on AMD (NASDAQ: AMD).

The analyst comments "AMD is trading higher today following a Reuters report (16-May-2024) that Microsoft will offer AMD's MI300 AI chips to its cloud customers alongside Nvidia's... More

CFRA Reiterates Hold Rating on Target (TGT)

CFRA analyst Arun Sundaram reiterated a Hold rating on Target (NYSE: TGT).

The analyst comments "TGT will report FQ1 2025 results on May 22. Sales will likely remain pressured (we forecast -3.3% comp sales) before returning to low-single-digit growth in FQ2 2025, as... More

Goldman Sachs Reiterates Buy Rating on Deere (DE)

Goldman Sachs analyst Jerry Revich reiterated a Buy rating and $466.00 price target on Deere (NYSE: DE).

The analyst comments "We reduce our 2024-26 EPS estimates by 13% on average following 2Q results pointed Deere taking sharper production cuts to combat rising used... More

Argus Reiterates Buy Rating on Cisco (CSCO)

Argus analyst Jim Kelleher reiterated a Buy rating and $70.00 price target on Cisco (NASDAQ: CSCO).

The analyst comments "BUY-rated Cisco Systems Inc. (NGS: CSCO) fell 2% in a positive market on 5/16/24 after the company reported fiscal 3Q24 revenue and non-GAAP EPS that edged past consensus... More

JD.com, Inc (JD) PT Raised to $40 at US Tiger Securities

US Tiger Securities analyst Bo Pei raised the price target on JD.com, Inc (NASDAQ: JD) to $40.00 (from $35.00) while maintaining a Buy rating.

Walmart (WMT) PT Raised to $71 at Argus

Argus analyst Christopher Graja raised the price target on Walmart (NYSE: WMT) to $71.00 (from $67.00) while maintaining a Buy rating.

The analyst comments "On May 16, Walmart reported fiscal 1Q25 sales and earnings that topped consensus and our expectations. Return on investment increased from a year earlier.... More

Walmart (WMT) PT Raised to $70 at RBC Capital

RBC Capital analyst Steven Shemesh raised the price target on Walmart (NYSE: WMT) to $70.00 (from $62.00) while maintaining a Outperform rating.

The analyst comments "There were few holes to poke this quarter. Top-line remains healthy, inventory levels are being managed effectively, and solid... More

JD.com, Inc (JD) PT Raised to $40 at UBS

UBS analyst Jerry Liu raised the price target on JD.com, Inc (NASDAQ: JD) to $40.00 (from $37.00) while maintaining a Buy rating.

The analyst comments "1) Revenue outlook: We estimate JD delivered double digit GMV growth in 1Q with Apr staying resilient. By category,... More

Walmart (WMT) PT Raised to $73 at Goldman Sachs

Goldman Sachs analyst Kate McShane raised the price target on Walmart (NYSE: WMT) to $73.00 (from $64.33) while maintaining a Buy rating.

The analyst comments "WMT closed up +7.0% (vs. the S&P 500 at -0.2%) after strong 1Q results and a FY24 guidance raise. We... More

Walmart (WMT) PT Raised to $70 at Telsey

Telsey analyst Joseph Feldman raised the price target on Walmart (NYSE: WMT) to $70.00 (from $68.00) while maintaining a Outperform rating.

The analyst comments "Walmart reported strong 1Q24 results, reflecting continued share gains driven by its omnichannel model and excellent execution. The company reported 1Q24 EPS of $0.60, beating our projection of $0.52 and the... More

Walmart (WMT) PT Raised to $70 at Evercore ISI

Evercore ISI analyst Greg Melich raised the price target on Walmart (NYSE: WMT) to $70.00 (from $67.00) while maintaining a Outperform rating.

The analyst comments "WMT is winning with value & convenience. The unlock of digital (16% of sales) is allowing more households to benefit from the power combo. Shareholders can gain as... More

Walmart (WMT) PT Raised to $70 at Wells Fargo

Wells Fargo analyst Ed Kelly raised the price target on Walmart (NYSE: WMT) to $70.00 (from $67.00) while maintaining a Overweight rating.

The analyst comments "We remain positive on WMT given its combination of strong market position, accelerating alt. value contribution, moat-building investments, and conservative... More

JD.com, Inc (JD) PT Raised to $43 at BofA Securities

BofA Securities analyst Brandy Sun raised the price target on JD.com, Inc (NASDAQ: JD) to $43.00 (from $38.00) while maintaining a Buy rating.

The analyst comments JD reported net revs of RMB260b (+7.0% YoY), in-line with the expectation. JD Retail (JDR) saw 7% YoY growth in revs. By category, electronics, and home appliances direct... More

Walmart (WMT) PT Raised to $75 at BofA Securities

BofA Securities analyst Robert Ohmes raised the price target on Walmart (NYSE: WMT) to $75.00 (from $67.00) while maintaining a Buy rating.

The analyst comments "We reiterate Buy on WMT & raise PO to $75 (was $67) based on 28-29x our +10c F26E adj.... More

Evercore ISI Reiterates Outperform Rating on Netflix (NFLX)

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $650.00 price target on Netflix (NASDAQ: NFLX).

The analyst comments "We are reiterating our Outperform rating and $650 PT on NFLX in the wake of our meeting with management in NYC during the Upfront week... More

Walmart (WMT) PT Raised to $71 at Roth/MKM, 'Ecosystem Years Ahead of Competitors'

Roth/MKM analyst Bill Kirk raised the price target on Walmart (NYSE: WMT) to $71.00 (from $69.00) while maintaining a Buy rating.

The analyst comments "The combination of: 1) improved Walmart stores; 2) leading digital presence (marketplace, delivery, logistics, subscription, etc.); and 3) a rapidly growing ad business is... More

Walmart (WMT) PT Raised to $72 at CFRA

CFRA analyst Arun Sundaram raised the price target on Walmart (NYSE: WMT) to $72.00 (from $68.00) while maintaining a Buy rating.

The analyst comments "We lift our 12-month target to $72 from $68, 27.2x our FY 26 (Jan.) EPS of $2.65 (up from $2.61; FY 25's up to $2.46 from $2.42) vs.... More

Edward Jones Reiterates Hold Rating on Walmart (WMT)

Edward Jones analyst Brian Yarbrough reiterated a Hold rating on Walmart (NYSE: WMT).

The analyst comments "We rate shares of Walmart a Hold. We are concerned about the investments into the business limiting operating profit growth and lower profits from the e-commerce... More

RBC Capital Reiterates Outperform Rating on Walmart (WMT)

RBC Capital analyst Steven Shemesh reiterated an Outperform rating and $62.00 price target on Walmart (NYSE: WMT).

The analyst comments "The bar was high, but WMT delivered. Walmart US comp sales grew +3.8% (RBCe +4.0% / cons. +3.7% / we believe the buyside was hovering around +3.5%) and grew cc operating profit +12.9%... More

JPMorgan Reiterates Neutral Rating on JD.com, Inc (JD)

JPMorgan analyst Andre Chang reiterated a Neutral rating and $28.00 price target on JD.com, Inc (NASDAQ: JD).

The analyst comments "We expect JDs share price to show a mildly positive response to a better-than-expected 1Q24 total earnings which rose 18% YoY to 25%/21% ahead of... More

Deere (DE) PT Raised to $402 at Deutsche Bank

Deutsche Bank analyst Nicole DeBlase raised the price target on Deere (NYSE: DE) to $402.00 (from $401.00) while maintaining a Hold rating.

The analyst comments "Despite a sizeable MSD 2Q24 core segment income beat vs. consensus/DBe, DE cut its FY24 net income guidance by 8%... More

Walmart (WMT) PT Raised to $75 at Jefferies

Jefferies analyst Corey Tarlowe raised the price target on Walmart (NYSE: WMT) to $75.00 (from $70.00) while maintaining a Buy rating.

The analyst comments "WMT reported a strong top- and bottom-line beat and raised its F'25 guidance. SSS growth remains healthy, driven by transactions... More