Midday movers: Target, Lululemon and ViaSat fall; TJX rises

Toll Bros. (TOL) PT Raised to $135 at Wolfe Research

Wolfe Research analyst Truman Patterson raised the price target on Toll Bros. (NYSE: TOL) to $135.00 (from $123.00) while maintaining a Outperform rating.

The analyst comments "Year-to-date, TOLs equity has increased +16%, outperforming the Homebuilder groups +4% gain and 11% S&P advance. In 2023, TOLs equity gained... More

Toll Bros. (TOL) PT Lowered to $133 at Citi

Citi analyst Anthony Pettinari lowered the price target on Toll Bros. (NYSE: TOL) to $133.00 (from $139.00) while maintaining a Neutral rating.

The analyst comments "TOL shares fell -8% on a down day for the Builders (-3%) despite a 4Q beat (EBT $650mm vs... More

NVIDIA (NVDA) PT Raised to $1,100 at Argus

Argus analyst Jim Kelleher raised the price target on NVIDIA (NASDAQ: NVDA) to $1,100.00 (from $950.00) while maintaining a Buy rating.

The analyst comments "Reaffirming BUY and raising target price to $1,100. Nvidia meaningfully exceeded aggressive consensus estimates for fiscal 1Q25, with revenue blowing by the... More

NVIDIA (NVDA) PT Raised to $1,400 at Cantor Fitzgerald

Cantor Fitzgerald analyst C.J. Muse raised the price target on NVIDIA (NASDAQ: NVDA) to $1,400.00 (from $1,200.00) while maintaining a Overweight rating.

The analyst comments "The midnight train of NVIDIA continues to execute to perfection and unlike that small town girl and city boy, Jensen knows exactly where he is going. The next industrial revolution has begun with companies and countries partnering with NVDA to accelerate compute in AI factories and deliver Artificial Intelligence. And aided by a world-class technology platform approach enabled by both hardware and software, coupled with annual cadence of technological improvements... More

MoffettNathanson Reiterates Buy Rating on Amazon.com (AMZN)

MoffettNathanson analyst Michael Morton reiterated a Buy rating and $246.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "Admittedly, questions remain on the duration of the investment cycle in AWS. Will FY24 be the high watermark for AWS capex or will AI training and inference demand materialize to the extent it pushes continued capex growth into 2026 and the... More

Toll Bros. (TOL) PT Raised to $300 at RBC Capital

RBC Capital analyst Mike Dahl raised the price target on Toll Bros. (NYSE: TOL) to $300.00 (from $295.00) while maintaining a Outperform rating.

The analyst comments "The 1Q comp improvement and ~30% EPS beat were somewhat overshadowed by the fact that revised guidance implies... More

HSBC Reiterates Buy Rating on NVIDIA (NVDA)

HSBC analyst Frank Lee reiterated a Buy rating and $1,350.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "NVIDIA's 1Q25 (Jan YE) sales of USD26bn beat consensus of USD24.7bn but were in-line with our estimate of USD26bn, along with... More

Analog Devices (ADI) PT Raised to $252 at Goldman Sachs

Goldman Sachs analyst Toshiya Hari raised the price target on Analog Devices (NASDAQ: ADI) to $252.00 (from $205.00) while maintaining a Buy rating.

The analyst comments "Following its first beat and raise in 7 quarters, ADI guided to a 2HCY24 recovery in revenue and gross... More

Target (TGT) PT Lowered to $185 at UBS

UBS analyst Michael Lasser lowered the price target on Target (NYSE: TGT) to $185.00 (from $191.00) while maintaining a Buy rating.

The analyst comments "In our view, TGT's 1Q had more positives than negatives. As a result, we believe the pullback in the... More

NVIDIA (NVDA) PT Raised to $1,200 at UBS

UBS analyst Timothy Arcuri raised the price target on NVIDIA (NASDAQ: NVDA) to $1,200.00 (from $1,150.00) while maintaining a Buy rating.

The analyst comments "Results + guidance were well ahead of Street but were both as we previewed and met investor bogeys. More than the numbers though, several other factors skew the debate in a positive direction. 1) mgmt is subtly extending revenue visibility farther into the future with commentary that demand... More

Target (TGT) PT Lowered to $181 at RBC Capital

RBC Capital analyst Steven Shemesh lowered the price target on Target (NYSE: TGT) to $181.00 (from $191.00) while maintaining a Outperform rating.

The analyst comments "With the majority of the easy gross margin wins in the rearview, the focus, in our opinion, will shift... More

NVIDIA (NVDA) PT Raised to $1,250 at Wolfe Research

Wolfe Research analyst Chris Caso raised the price target on NVIDIA (NASDAQ: NVDA) to $1,250.00 (from $1,200.00) while maintaining a Outperform rating.

The analyst comments "NVDAs report came in as we had expected, a strong report with ~5% upside to JulQ revenue guidance vs.... More

Analog Devices (ADI) PT Raised to $230 at Wells Fargo

Wells Fargo analyst Gary Mobley raised the price target on Analog Devices (NASDAQ: ADI) to $230.00 (from $185.00) while maintaining a Equal Weight rating.

The analyst comments "Following ADI's above-cons results/guide we revise our FY25/26 above-cons ests modestly lower to account for a more... More

The TJX Companies (TJX) PT Raised to $100 at Wells Fargo

Wells Fargo analyst Ike Boruchow raised the price target on The TJX Companies (NYSE: TJX) to $100.00 (from $98.00) while maintaining a Equal Weight rating.

The analyst comments "Surprised by the magnitude of move, but results were pretty good. With the bar low,... More

Target (TGT) PT Lowered to $175 at Wells Fargo

Wells Fargo analyst Edward Kelly lowered the price target on Target (NYSE: TGT) to $175.00 (from $190.00) while maintaining a Overweight rating.

The analyst comments "Timing the recovery has gotten trickier with macro uncertainty, but it's tough to ignore the risk/reward at current levels with the stock at... More

Pinduoduo Inc. (PDD) PT Raised to $206 at BofA Securities

BofA Securities analyst Joyce Ju raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $206.00 (from $191.00) while maintaining a Buy rating.

The analyst comments "PDD reported another robust 1Q, with both revs and profit significantly above the already raised expectations. Total revs grew 131% YoY to RMB87b, beating consensus by 13%. Online marketing revs grew 56% YoY, contributed by est.... More

NVIDIA (NVDA) PT Raised to $1,320 at BofA Securities

BofA Securities analyst Vivek Arya raised the price target on NVIDIA (NASDAQ: NVDA) to $1,320.00 (from $1,100.00) while maintaining a Buy rating.

The analyst comments "Reiterate Buy, top sector pick on NVDAs unparalleled combination of: 1) turnkey system design that we think can sustain 80%+... More

Analog Devices (ADI) PT Raised to $260 at BofA Securities

BofA Securities analyst Vivek Arya raised the price target on Analog Devices (NASDAQ: ADI) to $260.00 (from $225.00) while maintaining a Buy rating.

The analyst comments "FQ2 (April) sales were 3% ahead, marking the cycle bottom, with FQ3 (Jul) sales guided up 5.1% QoQ at $2.27bn, about... More

BofA Securities Reiterates Buy Rating on Target (TGT)

BofA Securities analyst Robert Ohmes reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT)

The analyst comments "We reiterate our Buy. While near-term sales remain pressured, we believe TGTs focus on value positions it well for share gains going forward. Recently... More

NVIDIA (NVDA) PT Raised to $1,000 at Deutsche Bank

Deutsche Bank analyst Ross Seymore raised the price target on NVIDIA (NASDAQ: NVDA) to $1,000.00 (from $850.00) while maintaining a Hold rating.

The analyst comments "One year after one of the most stunning beats/raises in market history, NVDA delivered another now-trademark multi-billion... More

NVIDIA (NVDA) PT Raised to $900 at DA Davidson

DA Davidson analyst Gil Luria raised the price target on NVIDIA (NASDAQ: NVDA) to $900.00 (from $620.00) while maintaining a Neutral rating.

The analyst comments "NVIDIA reported strong 1Q25 earnings exceeding expectations across the board. We continue to believe that this year NVIDIA will... More

Market Intelligence Analyst Adam Crisafulli of Vital Knowledge Reacts to NVIDIA (NVDA) Earnings: 'dividend is so low it’s a wonder why they pay one at all'

Respected Analyst Adam Crisafulli of Vital Knowledge Reacts to NVIDIA (NASDAQ: NVDA) Earnings.

The analyst comments "NVDA (Nvidia) reported upside in FQ1, including sales +262% Y/Y to $26B (vs. the Street $24.69B) and EPS +461% Y/Y to 6.12 (vs. the Street 5.65). The critical Data Center unit saw sales surge 427% Y/Y to $22.6B (about $1.5B above the Streets $21.1B forecast). Within Data Center, Compute spiked 478% to $19.39B while Networking rose 242% to $3.1B. Strong sequential Data Center growth was driven by all customer types, led by Enterprise and Consumer Internet companies. Large cloud... More

Citi Out First to Recap NVIDIA (NVDA) Earnings

Citi analyst Atif Malik reiterated a Buy rating and $1,030.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Fundamentals: NVDA reported Apr-Q revs/non-GAAP EPS (ex-SBC) of $26B/$6.12 vs. our $24B/$5.39 and Streets (FactSet) $24.6B/$5.60 and guided Jul-Q revenue to $28B (at MP) vs. our $27.5B and Streets $26.6B. Higher Hopper GPU... More

Analog Devices (ADI) PT Raised to $260 at JPMorgan

JPMorgan analyst Harlan Sur raised the price target on Analog Devices (NASDAQ: ADI) to $260.00 (from $220.00) while maintaining a Overweight rating.

The analyst comments "Analog Devices reported slightly better than expected revenues for its Apr-Qtr which largely reflected expected broad-based shipment declines as the team worked through excess inventories, and as anticipated, marked the bottom of this current downcycle as the team guided for Q/Q revenue growth going forward. As we had anticipated, after several quarters of undershipping consumption trends, the team believes customer inventory levels are beginning to normalize and the... More

Analog Devices (ADI) PT Raised to $250 at Citi

Citi analyst Christopher Danely raised the price target on Analog Devices (NASDAQ: ADI) to $250.00 (from $220.00) while maintaining a Buy rating.

The analyst comments "This morning, ADI reported results and provided guidance above the consensus as the Industrial (47% of F2Q24 sales) and Consumer (11%... More

Target (TGT) PT Lowered to $170 at Stifel

Stifel analyst Mark Astrachan lowered the price target on Target (NYSE: TGT) to $170.00 (from $177.00) while maintaining a Hold rating.

The analyst comments "Our F2024-F2025 estimates are largely unchanged following F1Q24 results where operating profit was ~2% below consensus. Despite the lower... More

Target (TGT) PT Lowered to $190 at DA Davidson

DA Davidson analyst Michael Baker lowered the price target on Target (NYSE: TGT) to $190.00 (from $195.00) while maintaining a Buy rating.

The analyst comments "Although TGTs valuation multiple is not overly demanding, the magnitude of TGTs margin and EPS beats over the... More

Analog Devices (ADI) PT Raised to $225 at Deutsche Bank

Deutsche Bank analyst Ross Seymore raised the price target on Analog Devices (NASDAQ: ADI) to $225.00 (from $200.00) while maintaining a Hold rating.

The analyst comments "After four quarters of sequential declines, ADIs better than expected F2Q/F3Q report/guide marked set a welcome cyclical trough and return to q/q growth. From an end market perspective, ADIs... More

Analog Devices (ADI) PT Raised to $280 at Jefferies

Jefferies analyst Blayne Curtis raised the price target on Analog Devices (NASDAQ: ADI) to $280.00 (from $250.00) while maintaining a Buy rating.

The analyst comments "Pointed to recovery across all businesses, a theme we expect to recur across Analog as we enter a... More

Pinduoduo Inc. (PDD) PT Raised to $220 at Morgan Stanley

Morgan Stanley analyst Eddy Wang raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $220.00 (from $181.00) while maintaining a Overweight rating.

The analyst comments "PDD's strong 1Q24 earnings beat suggests further take rate improvement in domestic business and possible break-even for Temu. With its... More

Target (TGT) PT Lowered to $160 at CFRA

CFRA analyst Arun Sundaram lowered the price target on Target (NYSE: TGT) to $160.00 (from $171.00) while maintaining a Hold rating.

The analyst comments "We cut our 12-month target to $160 from $171, 17x our FY 25 (Jan.) EPS of $9.44 (cut from $9.52; FY 26 up to $10.52 from $10.40) and... More

Pinduoduo Inc. (PDD) PT Raised to $193 at Jefferies, 'Focus on Long Term Value Creation Amid Competition'

Jefferies analyst Thomas Chong raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $193.00 (from $161.00) while maintaining a Buy rating.

The analyst comments "

PDD reported a set of results that beat expectations. During the conference call, management highlighted its emphasis on user experience... More

Citi on Pinduoduo Inc. (PDD) Earnings Release

Citi analyst Alicia Yap raised the price target on Pinduoduo Inc. (NASDAQ: PDD) to $198.00 (from $185.00) while maintaining a Buy rating.

The analyst comments "PDD reported another impressive 1Q24 result with total revs/non-GAAP profit +131%/202% yoy to Rmb86.8bn/Rmb30.6bn, +13%/97% ahead of consensus... More

Analog Devices (ADI) PT Raised to $265 at Stifel

Stifel analyst Tore Svanberg raised the price target on Analog Devices (NASDAQ: ADI) to $265.00 (from $240.00) while maintaining a Buy rating.

The analyst comments "Solid beat & raise. Apr Q revs/GAAP EPS (ex-charges) were +2.8%/ +$0.14 vs. our estimates, and Jul Q guidance midpts. came in +7.0%/... More

Solar stocks rally on potential China boost

Solar stocks rallied Wednesday after reports said China, the largest maker of panels and other solar-power products, was preparing measures against a price war.

A report from Citi analysts noted that China solar stocks rallied today on news about an industry forum hosted by CPIA calling for potential... More

CFRA Upgrades Urban Outfitters, Inc. (URBN) to Buy

CFRA analyst Zachary Warring upgraded Urban Outfitters, Inc. (NASDAQ: URBN) from Hold to Buy with a price target of $54.00 (from $36.00).

The analyst comments "We raise our 12-month target by $18 to $54, based on 15.0x our FY 25 (Jan.) EPS estimate and above the company's five-year... More

Analog Devices (ADI) PT Raised to $240 at CFRA

CFRA analyst Angelo Zino raised the price target on Analog Devices (NASDAQ: ADI) to $240.00 (from $193.00) while maintaining a Hold rating.

The analyst comments "We up our 12-month target to $240 from $193 on a P/E of 27.6x our CY 25 view of $8.69, above its five-year... More

KeyBanc Reiterates Sector Weight Rating on Target (TGT)

KeyBanc analyst Bradley Thomas reiterated a Sector Weight rating on Target (NYSE: TGT).

The analyst comments "TGT results remain challenged by the consumer environment but show ongoing improvement and should support positive comps in 2Q. 1Q results were mixed, reflecting soft but improving trends... More

Goldman Sachs Reiterates Conviction Buy Rating on Target (TGT)

Goldman Sachs analyst Kate McShane reiterated a Conviction Buy rating and $194.00 price target on Target (NYSE: TGT).

The analyst comments "TGT reported 1Q24 EPS of $2.03, below GS/consensus (Refinitiv) of $2.15/$2.06. SSS came in at -3.7%, in-line with consensus, including declines in traffic... More

BMO Capital Reiterates Market Perform Rating on Target (TGT)

BMO Capital analyst Kelly Bania reiterated a Market Perform rating and $170.00 price target on Target (NYSE: TGT).

The analyst comments "F1Q25 slightly missed consensus EPS on in-line comps. GM% beat but remained supported by channel mix and lean inventory... More

Telsey Reiterates Outperform Rating on Target (TGT)

Telsey analyst Joseph Feldman reiterated an Outperform rating and $195.00 price target on Target (NYSE: TGT).

The analyst comments "Target reported mixed 1Q24 results, with an inline comp of (3.7%), but slightly lower EPS of $2.03 vs. the FactSet consensus (FS) of $2.06 and our estimate of $2.10. The total comp of (3.7%) reflects a flattish... More