After-hours movers: Ross Stores, Workday, Intuit, and Deckers
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CFRA Reiterates Hold Rating on Ross Stores, Inc. (ROST)
May 24, 2024 11:15 AM EDTCFRA analyst Zachary Warring reiterated a Hold rating and $138.00 price target on Ross Stores, Inc. (NASDAQ: ROST).
The analyst comments "We maintain our 12-month price target of $138, based on 23.0x our FY 25 (Jan.) EPS estimate and slightly lower than the company's 5-year... More
Edward Jones Reiterates Buy Rating on Ross Stores, Inc. (ROST)
May 24, 2024 8:19 AM EDTEdward Jones analyst Brian Yarbrough reiterated a Buy rating on Ross Stores, Inc. (NASDAQ: ROST).
The analyst comments "We rate shares of Ross Stores (Ross) a Buy and shares are on the Edward Jones Stock Focus List and Canadian Stock Focus List.... More
Edward Jones Reiterates Buy Rating on Intuit (INTU)
May 24, 2024 8:17 AM EDTEdward Jones analyst Logan Purk reiterated a Buy rating on Intuit (NASDAQ: INTU).
The analyst comments "Leader in Tax-Prep and Business Software - Intuit maintains about a 73% market share in tax-filing software and about a 70% share in business-accounting software. With customer retention rates... More
Deckers Outdoor (DECK) PT Raised to $1,130 at Williams Trading
May 24, 2024 7:00 AM EDTWilliams Trading analyst Sam Poser raised the price target on Deckers Outdoor (NYSE: DECK) to $1,130.00 (from $1,010.00) while maintaining a Buy rating.
The analyst comments "DECK manages its brands, and investors' expectations better than almost every company within our coverage. DECK's... More
Needham Reiterates Buy Rating on Workday (WDAY)
May 24, 2024 6:54 AM EDTNeedham analyst Scott Berg reiterated a Buy rating and $350.00 price target on Workday (NASDAQ: WDAY).
The analyst comments "Workday reported upside to 1QF25 revenue and earnings, but lengthening sales cycles and lower renewal growth led to in line cRPO growth in the quarter... More
Seaport Global Securities Reiterates Buy Rating on Deckers Outdoor (DECK)
May 24, 2024 6:12 AM EDTSeaport Global Securities analyst Mitch Kummetz reiterated a Buy rating and $1,050.00 price target on Deckers Outdoor (NYSE: DECK).
The analyst comments "DECK reported another massive sales, EBIT, and EPS beat. The company achieved broad-based growth, namely DD% increases across HOKA and UGG, DTC and Wholesale, and US and International. For FY25, DECKs preliminary sales outlook is essentially in line with consensus, but its EPS guidance falls a little short, largely due to expected GM contraction. Our main takeaways have to do with full-price selling, HOKA segmentation, and UGG brand heat. See our... More
Deckers Outdoor (DECK) PT Raised to $1,120 at BTIG
May 24, 2024 6:02 AM EDTBTIG analyst Janine Stichter raised the price target on Deckers Outdoor (NYSE: DECK) to $1,120.00 (from $1,020.00) while maintaining a Buy rating.
The analyst comments "F'Q4 yet again significantly outstripped expectations (EPS of $4.95 vs. cons. 2.97), this time with balanced upside across top-line by brand, along with... More
Intuit (INTU) PT Lowered to $727 at Citi
May 24, 2024 6:01 AM EDTCiti analyst Steven Enders lowered the price target on Intuit (NASDAQ: INTU) to $727.00 (from $744.00) while maintaining a Buy rating.
The analyst comments "INTU reported a solid F3Q24 with upside to every segment leading to a beat of $89M (1.3% vs. 1.2%... More
Workday (WDAY) PT Lowered to $300 at BMO Capital
May 24, 2024 5:36 AM EDTBMO Capital analyst Daniel Jester lowered the price target on Workday (NASDAQ: WDAY) to $300.00 (from $338.00) while maintaining a Outperform rating.
The analyst comments "First-quarter results showed upside on revenue and margin, but trends in the seasonally slower quarter indicate that near-term cRPO growth... More
Workday (WDAY) PT Lowered to $300 at Goldman Sachs
May 24, 2024 5:33 AM EDTGoldman Sachs analyst Kash Rangan lowered the price target on Workday (NASDAQ: WDAY) to $300.00 (from $310.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating and lower our PT to $300 ($310 prior) after Workday lowered FY25 subscription revenue guidance to 15.5% at the midpoint (17.5% prior) on the back of an in-line quarter. The stock is down 11% AH as investors weigh the first... More
Intuit (INTU) PT Raised to $705 at Goldman Sachs
May 24, 2024 5:33 AM EDTGoldman Sachs analyst Kash Rangan raised the price target on Intuit (NASDAQ: INTU) to $705.00 (from $690.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating and raise our price target to $705 (from $690) following INTUs F3Q24 earnings given our conviction that INTU can consistently deliver durable Free Cash Flow margins (F25+... More
Workday (WDAY) PT Lowered to $285 at JPMorgan
May 24, 2024 5:29 AM EDTJPMorgan analyst Mark Murphy lowered the price target on Workday (NASDAQ: WDAY) to $285.00 (from $300.00) while maintaining a Overweight rating.
The analyst comments "We are optimistic on Workdays multi-year growth potential. Very large established markets and a strong cloud product supported by uniquely... More
Ross Stores, Inc. (ROST) PT Raised to $164 at Deutsche Bank
May 24, 2024 5:26 AM EDTDeutsche Bank analyst Paul Trussell raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $164.00 (from $162.00) while maintaining a Buy rating.
The analyst comments "While concerns were elevated into the print given the challenging macro backdrop and stretched low-income... More
Intuit (INTU) PT Raised to $740 at Deutsche Bank
May 24, 2024 5:24 AM EDTDeutsche Bank analyst Brad Zelnick raised the price target on Intuit (NASDAQ: INTU) to $740.00 (from $700.00) while maintaining a Buy rating.
The analyst comments "F3Q results once again highlight Intuit's diversified and actively managed portfolio as better than expected SB&SE (vs. fears for... More
Workday (WDAY) PT Lowered to $265 at Deutsche Bank
May 24, 2024 5:23 AM EDTDeutsche Bank analyst Brad Zelnick lowered the price target on Workday (NASDAQ: WDAY) to $265.00 (from $300.00) while maintaining a Hold rating.
The analyst comments "Bottom line, we see Workday perpetuating its strong position in HCM with traction down market and encouraging signs of... More
Deckers Outdoor (DECK) PT Raised to $980 at Citi
May 24, 2024 5:22 AM EDTCiti analyst Paul Lejuez raised the price target on Deckers Outdoor (NYSE: DECK) to $980.00 (from $920.00) while maintaining a Neutral rating.
The analyst comments "4Q EPS of $4.95 represented another big beat vs cons $2.97 driven by strength at both Hoka (+34%) and UGG (+15%) and... More
BofA Securities Reiterates Buy Rating on Ross Stores, Inc. (ROST)
May 24, 2024 5:16 AM EDTBofA Securities analyst Lorraine Hutchinson reiterated a Buy rating and $170.00 price target on Ross Stores, Inc. (NASDAQ: ROST).
The analyst comments "We reiterate our Buy rating following a solid quarter as ROSTs improved value proposition is resonating with stretched consumers. ROST... More
Deckers Outdoor (DECK) PT Raised to $1,020 at BofA Securities
May 24, 2024 5:16 AM EDTBofA Securities analyst Chris Nardone raised the price target on Deckers Outdoor (NYSE: DECK) to $1,020.00 (from $860.00) while maintaining a Neutral rating.
The analyst comments "We reiterate our Neutral rating and think the risk/reward is balanced with shares trading... More
Ross Stores, Inc. (ROST) PT Raised to $165 at Evercore ISI
May 24, 2024 5:08 AM EDTEvercore ISI analyst Michael Binetti raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $165.00 (from $155.00) while maintaining a Outperform rating.
The analyst comments "Despite all the media coverage of pressure on the low-income consumer, increasing price competition from US mass... More
Deckers Outdoor (DECK) PT Raised to $1,110 at Evercore ISI
May 24, 2024 5:07 AM EDTEvercore ISI analyst Jesalyn Wong raised the price target on Deckers Outdoor (NYSE: DECK) to $1,110.00 (from $960.00) while maintaining a Outperform rating.
The analyst comments "While we were cautious on HOKA heading into the quarter due to competition risk from one of... More
Workday (WDAY) PT Lowered to $300 at Evercore ISI
May 24, 2024 5:05 AM EDTEvercore ISI analyst Kirk Materne lowered the price target on Workday (NASDAQ: WDAY) to $300.00 (from $350.00) while maintaining a Outperform rating.
The analyst comments "While the ~50bps adjustment to FY25 subs revenue guide is being more than accounted for in the ~10% pullback in the aftermarket, Workday is likely heading to the penalty box until there is... More
Ross Stores, Inc. (ROST) PT Raised to $147 at UBS
May 24, 2024 5:02 AM EDTUBS analyst Jay Sole raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $147.00 (from $145.00) while maintaining a Neutral rating.
The analyst comments "ROSTs 1Q report suggest the companys underlying fundamentals remain fairly solid even as its core low-to-middle income customers... More
Workday (WDAY) PT Lowered to $255 at UBS
May 24, 2024 5:00 AM EDTUBS analyst Karl Keirstead lowered the price target on Workday (NASDAQ: WDAY) to $255.00 (from $280.00) while maintaining a Neutral rating.
The analyst comments "Workday posted a very disappointing 1Q/Apr print, marked by the disclosure of a worsening macro (greater deal scrutiny and... More
Deckers Outdoor (DECK) PT Raised to $1,265 at UBS
May 24, 2024 4:59 AM EDTUBS analyst Jay Sole raised the price target on Deckers Outdoor (NYSE: DECK) to $1,265.00 (from $1,150.00) while maintaining a Buy rating.
The analyst comments "Hoka is one of the world's fastest growing footwear brands and its DTC sales increased 40% y/y in FY24. We... More
Workday (WDAY) PT Lowered to $300 at RBC Capital
May 24, 2024 4:58 AM EDTRBC Capital analyst Rishi Jaluria lowered the price target on Workday (NASDAQ: WDAY) to $300.00 (from $310.00) while maintaining a Outperform rating.
The analyst comments "Workday reported a mixed quarter, leading shares down 11% after-hours. The main takeaway was Workday saw more large deal scrutiny and... More
Workday (WDAY) PT Lowered to $255 at DA Davidson
May 24, 2024 4:51 AM EDTDA Davidson analyst Gil Luria lowered the price target on Workday (NASDAQ: WDAY) to $255.00 (from $300.00) while maintaining a Neutral rating.
The analyst comments "F1Q25 results included a top and bottom line beat and marked the first quarter with Mr. Eschenbach at the helm.... More
DA Davidson Adds DOMO (DOMO) to Stampede List
May 24, 2024 4:50 AM EDTDA Davidson analyst Gil Luria reiterated a Neutral rating and $7.00 price target on DOMO (NASDAQ: DOMO).
The analyst comments "We are adding Domo, Inc. (DOMO; NEUTRAL/$7PT) to our list of STAMPEDE ideas given commentary from management on their most recent... More
