Midday movers: Marathon Oil, Dick's and Chewy rise; American Airlines falls
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StreetInsider.com Top Tickers, 6/23/2026
- Nasdaq futures drop over 2% on concerns over AI buildout costs, Fed rate outlook
- Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
- Oil steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Morgan Stanley Calls Toast Inc. (TOST) A Top Pick, 'compelling opportunity to buy'
May 30, 2024 4:01 PM EDTMorgan Stanley analyst Josh Baer reiterated an Overweight rating and $29.00 price target on Toast Inc. (NYSE: TOST).
The analyst comments "While investors pushed back on a few Investor Day details, our expectations were well met. Pullback in shares combines w/ an expanding TAM,... More
Chewy Inc. (CHWY) PT Raised to $22 at Evercore ISI
May 30, 2024 3:59 PM EDTEvercore ISI analyst Mark Mahaney raised the price target on Chewy Inc. (NYSE: CHWY) to $22.00 (from $19.00) while maintaining a In Line rating.
The analyst comments "We reiterate our In-Line rating & increase our PT to $22 from $19 for CHWY in the wake of a... More
Chewy Inc. (CHWY) PT Raised to $24 at RBC Capital
May 30, 2024 7:20 AM EDTRBC Capital analyst Steven Shemesh raised the price target on Chewy Inc. (NYSE: CHWY) to $24.00 (from $22.00) while maintaining a Outperform rating.
The analyst comments "There was a lot to like about 1Q results. Gross margin overdelivery is likely to increase investor... More
UBS Reiterates Buy Rating on ConocoPhillips (COP)
May 30, 2024 6:41 AM EDTUBS analyst Josh Silverstein reiterated a Buy rating and $166.00 price target on ConocoPhillips (NYSE: COP)
The analyst comments "We reiterate our Buy rating following the MRO acquisition and sell-side meeting. While not the transaction we expected, we still view the opportunistic... More
Needham Reiterates Buy Rating on Toast Inc. (TOST)
May 30, 2024 6:36 AM EDTNeedham analyst Mayank Tandon reiterated a Buy rating and $30.00 price target on Toast Inc. (NYSE: TOST)
The analyst comments "Yesterday, we attended TOST's analyst day in NYC where management highlighted its success in penetrating the SMB restaurant market opportunity and its... More
RBC Capital Reiterates Sector Perform Rating on Toast Inc. (TOST)
May 30, 2024 6:23 AM EDTRBC Capital analyst Daniel Perlin reiterated a Sector Perform rating and $27.00 price target on Toast Inc. (NYSE: TOST)
The analyst comments "At todays Investor Day, Toast laid out its strategy to drive growth to its 2- to 3-year financial targets of >20% recurring... More
salesforce.com (CRM) PT Raised to $234 at Bernstein SocGen Group
May 30, 2024 6:06 AM EDTBernstein SocGen Group analyst Mark Moerdler raised the price target on salesforce.com (NYSE: CRM) to $234.00 (from $231.00) while maintaining a Underperform rating.
The analyst comments "Salesforce had a difficult quarter with misses in revenue, margins, and leading indicators like cRPO, a weak Q2... More
salesforce.com (CRM) PT Lowered to $320 at Morgan Stanley
May 30, 2024 5:53 AM EDTMorgan Stanley analyst Keith Weiss lowered the price target on salesforce.com (NYSE: CRM) to $320.00 (from $350.00) while maintaining a Overweight rating.
The analyst comments "Weak bookings in Q1 further test investor patience as the GenAI innovation cycle has yet to inflect top-line... More
Chewy Inc. (CHWY) PT Raised to $28 at Morgan Stanley
May 30, 2024 5:52 AM EDTMorgan Stanley analyst Lauren Schenk raised the price target on Chewy Inc. (NYSE: CHWY) to $28.00 (from $27.00) while maintaining a Overweight rating.
The analyst comments "CHWY delivered better than expected revenue, a large EBITDA beat, and announced its first buyback program. Equally as... More
Dick's Sporting Goods (DKS) PT Raised to $245 at Morgan Stanley
May 30, 2024 5:51 AM EDTMorgan Stanley analyst Simeon Gutman raised the price target on Dick's Sporting Goods (NYSE: DKS) to $245.00 (from $235.00) while maintaining a Overweight rating.
The analyst comments "We stay OW rated DKS and are raising our PT to $245 (from $235). Risk/reward skews positively with ~35%/~25% upside/downside to our $310/$170 bull/bear cases and ~8%... More
salesforce.com (CRM) PT Lowered to $250 at Wells Fargo
May 30, 2024 5:42 AM EDTWells Fargo analyst Michael Turrin lowered the price target on salesforce.com (NYSE: CRM) to $250.00 (from $300.00) while maintaining a Equal Weight rating.
The analyst comments "FQ1 Results: (1) FQ1 top-line results were below St ests, w/total rev +11% in CC, driven by Sales & Service... More
Dick's Sporting Goods (DKS) PT Raised to $230 at Wells Fargo
May 30, 2024 5:41 AM EDTWells Fargo analyst Will Gaertner raised the price target on Dick's Sporting Goods (NYSE: DKS) to $230.00 (from $210.00) while maintaining a Equal Weight rating.
The analyst comments "1Q Thoughts. DKS delivered another impressive qtrSSS of 5.3% topped St's 2.5%
(buyside bar ~3%) driven by ticket +2.7% and... More
Dick's Sporting Goods (DKS) PT Raised to $230 at Citi
May 30, 2024 5:40 AM EDTCiti analyst Paul Lejuez raised the price target on Dick's Sporting Goods (NYSE: DKS) to $230.00 (from $220.00) while maintaining a Neutral rating.
The analyst comments "1Q was another strong qtr against a tough sporting goods/athletic backdrop. 1Q comps of +5% were stronger than... More
salesforce.com (CRM) PT Lowered to $260 at Citi
May 30, 2024 5:38 AM EDTCiti analyst Tyler Radke lowered the price target on salesforce.com (NYSE: CRM) to $260.00 (from $323.00) while maintaining a Neutral rating.
The analyst comments "Macro headwinds returned with a vengeance with an alarming ~150bps shortfall on adj. cRPO in 1Q25 (worst miss we can... More
Chewy Inc. (CHWY) PT Raised to $20 at Deutsche Bank
May 30, 2024 5:35 AM EDTDeutsche Bank analyst Leo Horowitz raised the price target on Chewy Inc. (NYSE: CHWY) to $20.00 (from $18.00) while maintaining a Hold rating.
The analyst comments "Chewy delivered better revenue results and a meaningful EBITDA beat in the 1Q despite aggregate Y/Y user declines that worsened relative to the 4Q. Looking out to the balance of the year, while the FY... More
salesforce.com (CRM) PT Lowered to $315 at Goldman Sachs
May 30, 2024 5:34 AM EDTGoldman Sachs analyst Kash Rangan lowered the price target on salesforce.com (NYSE: CRM) to $315.00 (from $345.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating though lower our PT to $315 ($345 prior) after CRMs F1Q25 results largely came in lower than investors expectations. With subscription revenue growth of 12.3% and OPM of 32.1% coming in-line with expectations, cRPO growth of 9.5% 150bps weaker than... More
Goldman Sachs Reiterates Buy Rating on Toast Inc. (TOST)
May 30, 2024 5:30 AM EDTGoldman Sachs analyst Will Nance reiterated a Buy rating and $29.00 price target on Toast Inc. (NYSE: TOST).
The analyst comments "We attended the TOST Investor Day where TOST discussed their strategy, market opportunities, and provided updated guidance. Shares underperformed on... More
Goldman Sachs Reiterates Buy Rating on Dick's Sporting Goods (DKS)
May 30, 2024 5:30 AM EDTGoldman Sachs analyst Kate McShane reiterated a Buy rating and $260.00 price target on Dick's Sporting Goods (NYSE: DKS)
The analyst comments "DKS 1Q adj. EPS came in above consensus ($3.30, vs. $2.95 Refinitiv consensus), led by SSS of +5.3%. We reiterate our Buy rating... More
Chewy Inc. (CHWY) PT Raised to $18.50 at BofA Securities
May 30, 2024 5:28 AM EDTBofA Securities analyst Curtis Nagle raised the price target on Chewy Inc. (NYSE: CHWY) to $18.50 (from $16.50) while maintaining a Underperform rating.
The analyst comments "Reported 1Q rev/EBITDA beat of $2.88bn/$163mn vs. Street at $2.85bn/$114mn. Per mgmt., active customers... More
BofA Securities Reiterates Neutral Rating on Toast Inc. (TOST)
May 30, 2024 5:28 AM EDTBofA Securities analyst Jason Kupferberg reiterated a Neutral rating and $28.00 price target on Toast Inc. (NYSE: TOST)
The analyst comments "TOST updated its TAM to 1.4M locations, including 875k from US restaurants, 280k from UK/CAN/Ireland, and 220k from... More
Deutsche Bank Reiterates Hold Rating on Toast Inc. (TOST)
May 30, 2024 5:23 AM EDTDeutsche Bank analyst Bryan Keane reiterated a Hold rating and $24.00 price target on Toast Inc. (NYSE: TOST).
The analyst comments "At the companys analyst day in New York, TOST highlighted what it sees as a massive opportunity ahead of the... More
Evercore ISI Reiterates Outperform Rating on Toast Inc. (TOST)
May 30, 2024 5:14 AM EDTEvercore ISI analyst Sheriq Sumar reiterated an Outperform rating and $32.00 price target on Toast Inc. (NYSE: TOST).
The analyst comments "Following TOSTs first investor day, we are incrementally more constructive on its ability to gain market share and drive significant EBITDA margin expansion. And while TOSTs medium term guide likely fell short of... More
salesforce.com (CRM) PT Lowered to $300 at Evercore ISI
May 30, 2024 5:12 AM EDTEvercore ISI analyst Kirk Materne lowered the price target on salesforce.com (NYSE: CRM) to $300.00 (from $330.00) while maintaining a Outperform rating.
The analyst comments "Sort of a messy quarter as revenue came in on the lower end of the guide and bookings were light based on a tougher macro and some GTM changes that impacted execution. Given the uneven macro backdrop, the bigger question coming away from the quarter is whether the top line guide is conservative enough and that concern is pressuring shares in the after-market. While... More
salesforce.com (CRM) PT Lowered to $230 at DA Davidson
May 30, 2024 5:06 AM EDTDA Davidson analyst Gil Luria lowered the price target on salesforce.com (NYSE: CRM) to $230.00 (from $300.00) while maintaining a Neutral rating.
The analyst comments "Salesforce reported softer than expected 1Q results following a strong 4Q as booking momentum stalled and macro headwinds persisted.... More
Chewy Inc. (CHWY) PT Raised to $22 at MoffettNathanson
May 29, 2024 4:02 PM EDTMoffettNathanson analyst Michael Morton raised the price target on Chewy Inc. (NYSE: CHWY) to $22.00 (from $18.00) while maintaining a Neutral rating.
The analyst comments "In the complex world of investing, the ingredient to improve Chewys multiple has been relatively simple: customer net additions. While we were early in our March report: Cover Your Short, Dont Get Bit with an outlook for improving pet household formation, Chewys comments on green shoots in pet adoption,... More
Dick's Sporting Goods (DKS) PT Raised to $280 at Evercore ISI
May 29, 2024 2:06 PM EDTEvercore ISI analyst Warren Cheng raised the price target on Dick's Sporting Goods (NYSE: DKS) to $280.00 (from $240.00) while maintaining a Outperform rating.
The analyst comments "DKS delivered a solid 1Q comp and GM beat, but we think the more meaningful takeaway... More
CAVA Group Inc (CAVA) PT Raised to $94 at Jefferies
May 29, 2024 12:26 PM EDTJefferies analyst Andy Barish raised the price target on CAVA Group Inc (NYSE: CAVA) to $94.00 (from $72.00) while maintaining a Buy rating.
The analyst comments "1Q EBITDA $33.3m vs $22.5m Cons on SSS & RLM upside, with FY24 guide raised for both, & suggests sequential... More
Jefferies Reiterates Buy Rating on Chewy Inc. (CHWY)
May 29, 2024 12:25 PM EDTJefferies analyst Kaumil Gajrawala reiterated a Buy rating and $25.00 price target on Chewy Inc. (NYSE: CHWY).
The analyst comments "Good start with margin progress (Adj EBITDA 5.7%, +170bp) overshadowing soft topline dynamics (sales +3%, active customers -2%). Importantly, better profitability stems from mix, sponsored ads,... More
Citi Reiterates Buy Rating on NVIDIA (NVDA)
May 29, 2024 9:19 AM EDTCiti analyst Atif Malik reiterated a Buy rating and $1,260.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "Mercury Research released 1Q24 graphics data yesterday. While the data is backward-looking, on a Q/Q basis, NVDA GPU revenue share was down 40bps (93.5%)... More
