After-hours movers: Applied Materials, Reddit, Take-Two Interactive, and more
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Citi Reiterates Buy Rating on Take-Two Interactive (TTWO)
May 20, 2024 7:19 AM EDTCiti analyst Jason Bazinet reiterated a Buy rating and $200.00 price target on Take-Two Interactive (NASDAQ: TTWO)
The analyst comments "TTWO reported bookings and non-GAAP EPS above consensus. Along with the print, TTWO guided to a F1Q25 bookings range of $1.20 billion to $1.25... More
Applied Materials (AMAT) PT Raised to $250 at Citi
May 20, 2024 6:37 AM EDTCiti analyst Atif Malik raised the price target on Applied Materials (NASDAQ: AMAT) to $250.00 (from $211.00) while maintaining a Buy rating.
The analyst comments "AMAT reported 9% Apr-Q EPS beat and guided Jul-Q EPS 6% above Street. Overall end market commentary was similar to peers;... More
BMO Capital Reiterates Outperform Rating on Take-Two Interactive (TTWO)
May 17, 2024 1:47 PM EDTBMO Capital analyst Brian J. Pitz reiterated an Outperform rating and $185.00 price target on Take-Two Interactive (NASDAQ: TTWO)
The analyst comments "Solid FY4Q24 top-line results driven by strength in NBA 2K24, upside surprise from Zynga titles, Red Dead Redemption / GTA series.... More
JMP Securities Reiterates Market Outperform Rating on Reddit (RDDT)
May 17, 2024 6:43 AM EDTJMP Securities analyst Andrew Boone reiterated a Market Outperform rating and $63.00 price target on Reddit (NYSE: RDDT)
The analyst comments "We reiterate our Market Outperform rating and $63 price target. Stepping back, Reddit has accelerated DAU growth over the past four quarters as it... More
Take-Two Interactive (TTWO) PT Lowered to $180 at Roth/MKM, 'The Waiting Is The Hardest Part'
May 17, 2024 6:41 AM EDTRoth/MKM analyst Eric Handler lowered the price target on Take-Two Interactive (NASDAQ: TTWO) to $180.00 (from $185.00) while maintaining a Buy rating.
The analyst comments "We remain positive towards Take-Two's multi-year growth trajectory even with GTA VI getting pushed into FY26. Although FY25 guidance was... More
Applied Materials (AMAT) PT Raised to $250 at Citi
May 17, 2024 6:33 AM EDTCiti analyst Atif Malik raised the price target on Applied Materials (NASDAQ: AMAT) to $250.00 (from $170.00) while maintaining a Buy rating.
The analyst comments "AMAT reported 9% Apr-Q EPS beat and guided Jul-Q EPS 6% above Street. Overall end market commentary was similar to peers;... More
Despegar.com (DESP) PT Raised to $17 at Cantor Fitzgerald
May 17, 2024 6:32 AM EDTCantor Fitzgerald analyst Thomas Shinske raised the price target on Despegar.com (NYSE: DESP) to $17.00 (from $14.00) while maintaining a Overweight rating.
The analyst comments "DESP posted another solid quarter, with gross bookings/net revenue coming in 0.4%/1.9% ahead of consensus (FactSet). Top-line outperformance... More
Reddit (RDDT) PT Raised to $70 at Citi
May 17, 2024 6:23 AM EDTCiti analyst Ronald Josey raised the price target on Reddit (NYSE: RDDT) to $70.00 (from $53.00) while maintaining a Buy rating.
The analyst comments "Yesterday, after the close, Reddit announced a new data licensing agreement with OpenAI and while terms of the agreement... More
DXC Technology (DXC) PT Lowered to $18 at RBC Capital
May 17, 2024 6:09 AM EDTRBC Capital analyst Daniel Perlin lowered the price target on DXC Technology (NYSE: DXC) to $18.00 (from $24.00) while maintaining a Sector Perform rating.
The analyst comments "DXC has been in a transition for multiple years and despite the best efforts of... More
DXC Technology (DXC) PT Lowered to $16 at Deutsche Bank
May 17, 2024 5:31 AM EDTDeutsche Bank analyst Bryan Keane lowered the price target on DXC Technology (NYSE: DXC) to $16.00 (from $23.00) while maintaining a Hold rating.
The analyst comments "DXC reported 4Q24 results slightly ahead of our expectations with organic revenue contraction of -4.9% Y/Y and adj... More
Reddit (RDDT) PT Raised to $65 at Deutsche Bank
May 17, 2024 5:31 AM EDTDeutsche Bank analyst Ben Black raised the price target on Reddit (NYSE: RDDT) to $65.00 (from $62.00) while maintaining a Buy rating.
The analyst comments "Yesterday, Reddit announced a deal to license its data to OpenAI, as well as to incorporate Reddit content into ChatGPTs chatbot and other products. While... More
Applied Materials (AMAT) PT Raised to $250 at Berenberg
May 17, 2024 5:15 AM EDTBerenberg analyst Tammy Qiu raised the price target on Applied Materials (NASDAQ: AMAT) to $250.00 (from $215.00) while maintaining a Buy rating.
The analyst comments "In our view, with HBM (high bandwidth memory) spending momentum staying strong, the next catalyst/growth driver for the semiconductor... More
Take-Two Interactive (TTWO) PT Lowered to $170 at Goldman Sachs
May 17, 2024 5:13 AM EDTGoldman Sachs analyst Eric Sheridan lowered the price target on Take-Two Interactive (NASDAQ: TTWO) to $170.00 (from $185.00) while maintaining a Buy rating.
The analyst comments "In its FQ424 earnings report, TTWO mgmt struck a few key themes with operating results exceeding guidance across bookings, non-GAAP gross profit, and EPS.... More
UBS Reiterates Neutral Rating on Applied Materials (AMAT)
May 17, 2024 5:01 AM EDTUBS analyst Timothy Arcuri reiterated a Neutral rating and $235.00 price target on Applied Materials (NASDAQ: AMAT).
The analyst comments "AMAT posted solid results w/guidance largely as expected. The company is signaling a shifting mix as we go into C2H in which leading edge foundry (e.g.... More
Applied Materials (AMAT) PT Raised to $255 at Wells Fargo
May 17, 2024 4:57 AM EDTWells Fargo analyst Joe Quatrochi raised the price target on Applied Materials (NASDAQ: AMAT) to $255.00 (from $250.00) while maintaining a Overweight rating.
The analyst comments "As expected China demand remained relatively strong in the qtr w/ reported revenue at $2.8B (43% of total... More
Take-Two Interactive (TTWO) PT Lowered to $160 at BofA Securities
May 17, 2024 4:51 AM EDTBofA Securities analyst Omar Dessouky lowered the price target on Take-Two Interactive (NASDAQ: TTWO) to $160.00 (from $170.00) while maintaining a Neutral rating.
The analyst comments "Although mgmt has narrowed the release window for Grand Theft Auto VI to Fall 2025 (17 months away), we stay... More
Applied Materials (AMAT) PT Raised to $250 at BofA Securities
May 17, 2024 4:50 AM EDTBofA Securities analyst Vivek Arya raised the price target on Applied Materials (NASDAQ: AMAT) to $250.00 (from $222.00) while maintaining a Buy rating.
The analyst comments "Reiterate Buy on FQ1/FQ2 beat and raise, as well as increased visibility into emerging growth drivers in AI.... More
DXC Technology (DXC) PT Lowered to $18 at Morgan Stanley
May 17, 2024 4:44 AM EDTMorgan Stanley analyst James Faucette lowered the price target on DXC Technology (NYSE: DXC) to $18.00 (from $21.00) while maintaining a Equalweight rating.
The analyst comments "We lower our price target to $18 (vs. $21 prior), while maintaining our 6x multiple on our... More
Doximity Inc (DOCS) PT Raised to $29 at Evercore ISI
May 17, 2024 4:37 AM EDTEvercore ISI analyst Elizabeth Anderson raised the price target on Doximity Inc (NYSE: DOCS) to $29.00 (from $28.00) while maintaining a In Line rating.
The analyst comments "DOCS put up solid performance this evening against deteriorating investor expectations heading into the print. As... More
Evercore ISI Reiterates Outperform Rating on Applied Materials (AMAT)
May 17, 2024 4:36 AM EDTEvercore ISI analyst Mark Lipacis reiterated an Outperform rating and $260.00 price target on Applied Materials (NASDAQ: AMAT)
The analyst comments "We continue to recommend AMAT as a top SCE large cap pick post an Apr-24Q beat & raise. AMAT posted higher revs and... More
