After-hours movers: Salesforce, C3 AI, Agilent, UiPath and more

CFRA Reiterates Sell Rating on American Eagle Outfitters (AEO)

CFRA analyst Zachary Warring reiterated a Sell rating and $20.00 price target on American Eagle Outfitters (NYSE: AEO).

The analyst comments "We maintain our 12-month price target of $20, based on 12.5x our FY 25 (Jan.) EPS estimate and slightly higher than the company's three-year average... More

C3 AI (AI) stock jumps as revenue rises, 'demand for enterprise AI is intensifying'

Shares of C3 AI (NYSE: AI) surged more than 11% premarket after the company reported its latest quarterly earnings after the close Wednesday, topping consensus expectations and raising its guidance.

The AI technology company reported a Q4 loss per share of ($0.11), $0.19 better than the analyst estimate of a loss per share of ($0.30). Revenue for the quarter came in at $86.6 million versus the consensus estimate of $84.39 million.

Revenue grew 20% year-on-year. Subscription revenue for the quarter was... More

Northland Downgrades Nutanix (NTNX) to Market Perform 'on Valuation & Mixed Signals wrt VMW Driven Opportunities'

Northland analyst Nehal Chokshi downgraded Nutanix (NASDAQ: NTNX) from Outperform to Market Perform with a price target of $71.00.

The analyst comments "Lowering rating to MP from OP while maintaining our DCF derived PT of $71. We are maintaining our $71 PT following the Apr results, but lowering our rating to Market Perform from Outperform as a result of shares having closed above our unchanged PT. While we recognize the... More

Nutanix (NTNX) PT Raised to $80 at Needham

Needham analyst Mike Cikos raised the price target on Nutanix (NASDAQ: NTNX) to $80.00 (from $72.00) while maintaining a Buy rating.

The analyst comments "Nutanix reported 3QFY24 results above all guided metrics - consistent with recent outperformance. We view last night's after-market weakness as reflecting... More

RBC Capital Reiterates Outperform Rating on Okta, Inc (OKTA)

RBC Capital analyst Matthew Hedberg reiterated an Outperform rating and $125.00 price target on Okta, Inc (NASDAQ: OKTA)

The analyst comments "Okta delivered strong Q1/25 results relative to expectations in what we view as a straight-forward quarter, which is great relative to the uneven... More

RBC Capital Reiterates Outperform Rating on Nutanix (NTNX)

RBC Capital analyst Matthew Hedberg reiterated an Outperform rating and $80.00 price target on Nutanix (NASDAQ: NTNX)

The analyst comments "With high expectations into the print, Nutanix delivered a strong quarter ahead of expectations and high end of guidance, which flowed through to... More

salesforce.com (CRM) PT Raised to $234 at Bernstein SocGen Group

Bernstein 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

Morgan 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

HP, Inc. (HPQ) PT Raised to $37 at Morgan Stanley

Morgan Stanley analyst Erik Woodring raised the price target on HP, Inc. (NYSE: HPQ) to $37.00 (from $36.00) while maintaining a Overweight rating.

The analyst comments "We continue to see HPQ as a positively skewed way to play the PC mkt recovery. But with... More

BofA Securities Reiterates Neutral Rating on American Eagle Outfitters (AEO)

BofA Securities analyst Christopher Nardone reiterated a Neutral rating and $25.00 price target on American Eagle Outfitters (NYSE: AEO)

The analyst comments "We remain Neutral-rated and think the near term momentum in the business is offset by
a more challenging 2H set up.... More

American Eagle Outfitters (AEO) PT Lowered to $24 at Citi

Citi analyst Paul Lejuez lowered the price target on American Eagle Outfitters (NYSE: AEO) to $24.00 (from $26.00) while maintaining a Neutral rating.

The analyst comments "1Q was a mixed qtr with sales +6% slightly below cons even though comps +7% beat cons +5.5%. AE drove the comp beat (+7%... More

Agilent (A) PT Lowered to $134 at BofA Securities

BofA Securities analyst Derik de Bruin lowered the price target on Agilent (NYSE: A) to $134.00 (from $145.00) while maintaining a Neutral rating.

The analyst comments "While there was some question going into the print as to whether A would lower their guide, the... More

HP, Inc. (HPQ) PT Raised to $37 at BofA Securities

BofA Securities analyst Wamsi Mohan raised the price target on HP, Inc. (NYSE: HPQ) to $37.00 (from $35.00) while maintaining a Buy rating.

The analyst comments "HPQ F2Q24 rev came in above expectations at $12.8bn versus $12.5bn/ $12.6bn (BofA /
Street). HPQ... More

UiPath Inc. (PATH) PT Lowered to $15 at Wells Fargo

Wells Fargo analyst Michael Turrin lowered the price target on UiPath Inc. (NYSE: PATH) to $15.00 (from $25.00) while maintaining a Equal Weight rating.

The analyst comments "1Q lighter than usual: 1Q revs were roughly in-line with the high end... More

salesforce.com (CRM) PT Lowered to $250 at Wells Fargo

Wells 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

salesforce.com (CRM) PT Lowered to $260 at Citi

Citi 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

salesforce.com (CRM) PT Lowered to $315 at Goldman Sachs

Goldman 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 Neutral Rating on HP, Inc. (HPQ)

Goldman Sachs analyst Michael Ng reiterated a Neutral rating and $33.00 price target on HP, Inc. (NYSE: HPQ).

The analyst comments "HPQs F2Q24 EPS of $0.82 largely met GS/consensus of $0.83/$0.81 as a revenue beat on Personal Systems was offset by a miss in segment margins; Print revenue was in-line. HPQ is seeing early signs of a PC recovery with Personal Systems revenue growth of 2% (ex forex), marking the first... More

Goldman Sachs Reiterates Buy Rating on Okta, Inc (OKTA)

Goldman Sachs analyst Gabriela Borges reiterated a Buy rating and $130.00 price target on Okta, Inc (NASDAQ: OKTA)

The analyst comments "Okta is indicated up 2% after hours after reporting a solid 1Q. 1Q revenue/EBIT was 2%/22% above the Street (FactSet), cRPO was 2% above, and 2Q cRPO guidance was 1% below. Updated FY25 revenue/EBIT guidance is... More

Goldman Sachs Reiterates Buy Rating on Agilent (A)

Goldman Sachs analyst Matthew Sykes reiterated a Buy rating and $145.00 price target on Agilent (NYSE: A).

The analyst comments "We believe Agilent's updated guidance is likely an early warning sign to other China/Instrument exposed names in our coverage given... More

UiPath Inc. (PATH) PT Lowered to $19 at JPMorgan

JPMorgan analyst Mark Murphy lowered the price target on UiPath Inc. (NYSE: PATH) to $19.00 (from $28.00) while maintaining a Overweight rating.

The analyst comments "Key Takeaways: 1) FY25 Total Revenue, ARR Guidance Framework Revised Downward, as are Profitability and Free Cash Flow as Implied Total Costs and Expenses are Held Steady. UiPath revises its FY25 guidance for (a) Total Revenue from $1.5575B (+19.1% y/y) at the midpoint by $150M to $1.4075B (+7.6% y/y) and (b) Total ARR from $1.7275B (+18.0% y/y) at the midpoint down $65M to $1.6625B (+13.6% y/y). UiPath is guiding FY25 PF... More

DA Davidson Reiterates Neutral Rating on Okta, Inc (OKTA)

DA Davidson analyst Rudy Kessinger reiterated a Neutral rating and $100.00 price target on Okta, Inc (NASDAQ: OKTA).

The analyst comments "OKTA delivered nice upside vs. their sandbagged FQ1 guidance / cons. estimates, with Rev growth of +19% Y/Y vs. guidance of... More

DA Davidson Reiterates Neutral Rating on c3.ai (AI)

DA Davidson analyst Gil Luria reiterated a Neutral rating and $30.00 price target on c3.ai (NYSE: AI).

The analyst comments "C3.ai reported positive 4Q results as subscription revenue accelerated meaningfully driven by continued success with federal customers driving shares up after hours. The... More

UiPath Inc. (PATH) PT Lowered to $13 at DA Davidson

DA Davidson analyst Gil Luria lowered the price target on UiPath Inc. (NYSE: PATH) to $13.00 (from $24.00) while maintaining a Neutral rating.

The analyst comments "We maintain our NEUTRAL rating on UiPath following a F1Q25 which revealed softness in customer willingness to spend,... More

TD Cowen Reiterates Hold Rating on Okta, Inc (OKTA)

TD Cowen analyst Shaul Eyal reiterated a Hold rating and $110.00 price target on Okta, Inc (NASDAQ: OKTA).

The analyst comments "For 1Q25, OKTA delivered consensus-beating results, highlighted by 20% subscriptions growth, record cashflow, and raised guidance. Strength from large customers and the public sector... More

Evercore ISI Reiterates Outperform Rating on HP, Inc. (HPQ)

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $40.00 price target on HP, Inc. (NYSE: HPQ).

The analyst comments "HPQ reported a solid Apr-qtr with rev/EPS of $12.8B/82c, ~$200M above street estimates on sales and a penny above on EPS. HPQ reiterated its FY24 guidance of EPS of $3.45 (but brought in the range from $3.25-3.65 to $3.30-3.60) with expectations of an accelerating PC refresh cycle and tailwinds from AI PCs in H2 HPQ expects AI PCs to comprise ~10% of H2 PC unit shipments and ~40-60% of sales within 3 years of... More

salesforce.com (CRM) PT Lowered to $300 at Evercore ISI

Evercore 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

UiPath Inc. (PATH) PT Lowered to $13 at Evercore ISI

Evercore ISI analyst Kirk Materne lowered the price target on UiPath Inc. (NYSE: PATH) to $13.00 (from $27.00) while maintaining a In Line rating.

The analyst comments "Bottom line: While PATHs comments on the macro backdrop are not unique, the change at the CEO level as well as some strategic shifts to the GTM model are going to not only pressure shares in the near-term, but likely throw... More

salesforce.com (CRM) PT Lowered to $230 at DA Davidson

DA 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

Evercore ISI Upgrades Okta, Inc (OKTA) to Outperform

Evercore ISI analyst Kirk Materne upgraded Okta, Inc (NASDAQ: OKTA) from In Line to Outperform with a price target of $122.00 (from $102.00).

The analyst comments "OKTA delivered strong F1Q results that exceeded tempered expectations, accompanied by a much more upbeat tone, suggesting that prior missteps and execution issues are now behind them. We have been on the sidelines since Oct of CY22 for reasons we are all aware of and why the stock has been a laggard. As we called out in our Tactical O/P into the print (here), our positive... More