After-hours movers: NVIDIA, DuPont, V.F. Corp., and more
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BMO Capital Upgrades DuPont (DD) to Outperform
May 23, 2024 2:30 PM EDTBMO Capital analyst John McNulty upgraded DuPont (NYSE: DD) from Market Perform to Outperform with a price target of $96.00 (from $83.00).
The analyst comments "In what may be the last step of his multi-phase journey, Ed Breen/DD announced plans to separate into three companies (in... More
NVIDIA (NVDA) PT Raised to $1,100 at Argus
May 23, 2024 7:26 AM EDTArgus 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
Snowflake Inc. (SNOW) PT Raised to $195 at Rosenblatt
May 23, 2024 6:44 AM EDTRosenblatt analyst Blair Abernethy raised the price target on Snowflake Inc. (NYSE: SNOW) to $195.00 (from $185.00) while maintaining a Buy rating.
The analyst comments "Wednesday after the market, Snowflake reported Q1 Product revenue growth of 34% (up 32% adjusting for Leap Year), ~6% above our expectations,... More
NVIDIA (NVDA) PT Raised to $1,400 at Cantor Fitzgerald
May 23, 2024 6:37 AM EDTCantor 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
HSBC Reiterates Buy Rating on NVIDIA (NVDA)
May 23, 2024 6:09 AM EDTHSBC 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
BTIG Reiterates Neutral Rating on VF Corp. (VFC)
May 23, 2024 6:07 AM EDTBTIG analyst Janine Stichter reiterated a Neutral rating on VF Corp. (NYSE: VFC).
The analyst comments "F'Q4 showed continued pressure, esp. at Vans, although some very early evidence of underlying progress. Still we believe this is a turn that will take... More
Cytokinetics (CYTK) PT Lowered to $85 at Jefferies
May 23, 2024 5:59 AM EDTJefferies analyst Akash Tewari lowered the price target on Cytokinetics (NASDAQ: CYTK) to $85.00 (from $95.00) while maintaining a Buy rating.
The analyst comments "CYTK announced a $500m raise + amended its terms w/ Royalty Pharma (incl. updated royalty structure for afi, loan related to Ome... More
BTIG Reiterates Neutral Rating on Snowflake Inc. (SNOW)
May 23, 2024 5:53 AM EDTBTIG analyst Gray Powell reiterated a Neutral rating on Snowflake Inc. (NYSE: SNOW).
The analyst comments "SNOW delivered strong FQ1 results and increased its top line outlook for FY25. Most notably, SNOW grew product revenue to $790MM / +34% y/y in FQ1, about 6% ahead our $748MM / 26.7% est (Street $750MM). In addition, operating income was substantially ahead of our /... More
VF Corp. (VFC) PT Lowered to $11 at Citi
May 23, 2024 5:45 AM EDTCiti analyst Paul Lejuez lowered the price target on VF Corp. (NYSE: VFC) to $11.00 (from $13.00) while maintaining a Neutral rating.
The analyst comments "VFC posted another weak qtr, with revenues slightly below consensus and GM well below consensus leading to a loss of $0.32... More
Goldman Sachs Reiterates Buy Rating on Snowflake Inc. (SNOW)
May 23, 2024 5:41 AM EDTGoldman Sachs analyst Kash Rangan reiterated a Buy rating and $220.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "We reiterate our Buy rating and $220 Price Target on Snowflake following solid F1Q25 results highlighted by Product Revenue outperforming Consensus (FactSet) by 5% (F24s average beat cadence: 3%), Non-GAAP Operating Income beating by 29%, coupled with reacceleration versus F4Q24 across... More
Snowflake Inc. (SNOW) PT Raised to $190 at UBS
May 23, 2024 5:39 AM EDTUBS analyst Karl Keirstead raised the price target on Snowflake Inc. (NYSE: SNOW) to $190.00 (from $185.00) while maintaining a Neutral rating.
The analyst comments "Snowflakes 34% growth is among the highest in Software and the 5% beat was much higher than the average 2-3% beat... More
UBS Reiterates Buy Rating on e.l.f. Beauty (ELF)
May 23, 2024 5:38 AM EDTUBS analyst Peter Grom reiterated a Buy rating and $202.00 price target on e.l.f. Beauty (NYSE: ELF).
The analyst comments "Despite a broad-based expectation for a strong quarter, our conversations with investors suggested that sentiment heading into the print had become more negative as weaker category commentary from peers led many to question how this would impact the company's ability to outline... More
NVIDIA (NVDA) PT Raised to $1,200 at UBS
May 23, 2024 5:37 AM EDTUBS 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
NVIDIA (NVDA) PT Raised to $1,250 at Wolfe Research
May 23, 2024 5:29 AM EDTWolfe 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
e.l.f. Beauty (ELF) PT Lowered to $220 at BofA Securities
May 23, 2024 5:21 AM EDTBofA Securities analyst Anna Lizzul lowered the price target on e.l.f. Beauty (NYSE: ELF) to $220.00 (from $230.00) while maintaining a Buy rating.
The analyst comments "e.l.f. Beauty (ELF) FQ4 results saw another meaningful top-line beat, with sales +71% y/y (+50% volumes, +21%... More
NVIDIA (NVDA) PT Raised to $1,320 at BofA Securities
May 23, 2024 5:20 AM EDTBofA 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
Evercore ISI Reiterates Outperform Rating on Snowflake Inc. (SNOW)
May 23, 2024 5:17 AM EDTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $225.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "On the whole, we believe the upside in revenue and RPO offsets some of the incremental op. margin headwinds when thinking through the... More
NVIDIA (NVDA) PT Raised to $1,000 at Deutsche Bank
May 23, 2024 5:12 AM EDTDeutsche 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
May 23, 2024 5:10 AM EDTDA 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
