After-hours movers: Meta Platforms, Qualcomm, Western Digital, Carvana
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Teladoc (TDOC) PT Lowered to $8 at Jefferies
August 2, 2024 3:28 PM EDTJefferies analyst Glen Santangelo lowered the price target on Teladoc (NYSE: TDOC) to $8.00 (from $10.00) while maintaining a Hold rating.
The analyst comments "We are updating our model to account for 2Q earnings and updated management commentary. We are lowering our estimates to... More
Teladoc (TDOC) PT Lowered to $10 at Deutsche Bank
August 1, 2024 4:00 PM EDTDeutsche Bank analyst George Hill lowered the price target on Teladoc (NYSE: TDOC) to $10.00 (from $15.00) while maintaining a Hold rating.
The analyst comments "TDOC Provides Half-a-Guidance as BetterHelp Struggles: TDOC reported Q2 results where the company pulled its 2024 and long term... More
BofA Securities Reiterates Buy Rating on Meta Platforms Inc. (META), 'Top AI play in consumer Internet'
August 1, 2024 9:34 AM EDTBofA Securities analyst Justin Post reiterated a Buy rating and $563.00 price target on Meta Platforms Inc. (NASDAQ: META).
The analyst comments "We see Meta as the top AI play in consumer Internet given: 1) Leading infrastructure and LLM capabilities w/ Llama 3.1, 2)... More
Carvana (CVNA) PT Raised to $110 at Morgan Stanley
August 1, 2024 6:51 AM EDTMorgan Stanley analyst Adam Jonas raised the price target on Carvana (NYSE: CVNA) to $110.00 (from $75.00) while maintaining a Underweight rating.
The analyst comments "CVNA deserves a ton of credit for righting the ship and demonstrating strong operating leverage as the company... More
Meta Platforms Inc. (META) PT Raised to $615 at Oppenheimer
August 1, 2024 6:50 AM EDTOppenheimer analyst Jason Helfstein raised the price target on Meta Platforms Inc. (NASDAQ: META) to $615.00 (from $525.00) while maintaining a Outperform rating.
The analyst comments "Increasing target to $615 (was $525) or 24x '25E EPS a 13%/4% discount to peers/ NASDAQ. Stronger 2Q revenue and 3Q... More
Carvana (CVNA) PT Raised to $200 at Needham
August 1, 2024 6:48 AM EDTNeedham analyst Chris Pierce raised the price target on Carvana (NYSE: CVNA) to $200.00 (from $160.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating and raise our price target to $200 post 2Q results and commentary. CVNA is proving... More
Meta Platforms Inc. (META) PT Raised to $585 at Deutsche Bank
August 1, 2024 6:45 AM EDTDeutsche Bank analyst Leo Horowitz raised the price target on Meta Platforms Inc. (NASDAQ: META) to $585.00 (from $525.00) while maintaining a Buy rating.
The analyst comments "Of course, AI will be leveraged to accelerate progress across many of these objectives, and therefore CapEx... More
Goldman Sachs Reiterates Neutral Rating on Western Digital Corp. (WDC)
August 1, 2024 6:39 AM EDTGoldman Sachs analyst Toshiya Hari reiterated a Neutral rating and $79.00 price target on Western Digital Corp. (NASDAQ: WDC).
The analyst comments "WD delivered strong FY4Q (June) results, with non-GAAP EPS (excl. SBC) of $1.44 exceeding Street consensus by 22% as consistent product execution and... More
Teladoc (TDOC) PT Lowered to $9 at RBC Capital
August 1, 2024 6:32 AM EDTRBC Capital analyst Sean Dodge lowered the price target on Teladoc (NYSE: TDOC) to $9.00 (from $18.00) while maintaining a Outperform rating.
The analyst comments "Q2 was challenging for TDOC. Revenue missed consensus by 1.1% and while EBITDA came in 20.4% ahead, much of the upside was... More
Carvana (CVNA) PT Raised to $170 at RBC Capital
August 1, 2024 6:22 AM EDTRBC Capital analyst Brad Erickson raised the price target on Carvana (NYSE: CVNA) to $170.00 (from $130.00) while maintaining a Sector Perform rating.
The analyst comments "As previewed, CVNA delivered another sterling quarter. The company continues to exceed expectations as per unit profitability... More
Carvana (CVNA) PT Raised to $188 at BTIG
August 1, 2024 6:08 AM EDTBTIG analyst Marvin Fong raised the price target on Carvana (NYSE: CVNA) to $188.00 (from $155.00) while maintaining a Buy rating.
The analyst comments "CVNA handily exceeded high expectations, delivering healthy beats across almost every important metric. Retail units rose 33% y/y to 101,440. The Street was at 95,100 but we believe buy-side expectations were at ~100,000. Where CVNA really surprised was on GPU, particularly front-end margins. Non-GAAP Retail GPU came in at $3,539, up $328 q/q. By comparison, AutoNation (AN, Not Rated), which printed a very well-received quarter on Wednesday, increased front-end used car profit by $165, barely... More
Meta Platforms Inc. (META) PT Raised to $630 at Wolfe Research
August 1, 2024 6:06 AM EDTWolfe Research analyst Shweta Khajuria raised the price target on Meta Platforms Inc. (NASDAQ: META) to $630.00 (from $620.00) while maintaining a Outperform rating.
The analyst comments "We are incrementally positive post this print. Expectations into the print were lowered post Googles... More
Meta Platforms Inc. (META) PT Raised to $555 at Goldman Sachs
August 1, 2024 5:18 AM EDTGoldman Sachs analyst Eric Sheridan raised the price target on Meta Platforms Inc. (NASDAQ: META) to $555.00 (from $522.00) while maintaining a Buy rating.
The analyst comments "While debates will likely persist around product transitions and industry platform headwinds in the quarters & years... More
Western Digital Corp. (WDC) PT Raised to $94 at Morgan Stanley
August 1, 2024 5:15 AM EDTMorgan Stanley analyst Joseph Moore raised the price target on Western Digital Corp. (NASDAQ: WDC) to $94.00 (from $86.00) while maintaining a Overweight rating.
The analyst comments "As previewed, WD guided conservatively given the coming separation, with rev/gross profit upside offset by inverse synergies.... More
Carvana (CVNA) PT Raised to $185 at JPMorgan
August 1, 2024 5:14 AM EDTJPMorgan analyst Rajat Gupta raised the price target on Carvana (NYSE: CVNA) to $185.00 (from $155.00) while maintaining a Overweight rating.
The analyst comments "In terms of setup for shares from here, based on our updated estimates, shares are trading at ~17x... More
Meta Platforms Inc. (META) PT Raised to $590 at Stifel
August 1, 2024 5:13 AM EDTStifel analyst Mark Kelley raised the price target on Meta Platforms Inc. (NASDAQ: META) to $590.00 (from $550.00) while maintaining a Buy rating.
The analyst comments "META delivered a solid beat across the board in 2Q (all geos better), with a better 3Q revenue outlook (mdpt.... More
Meta Platforms Inc. (META) PT Raised to $610 at JPMorgan
August 1, 2024 5:11 AM EDTJPMorgan analyst Doug Anmuth raised the price target on Meta Platforms Inc. (NASDAQ: META) to $610.00 (from $480.00) while maintaining a Overweight rating.
The analyst comments "META shares traded up +7% post-close & we reiterate our Overweight rating, w/the company executing well near-term & we believe investing appropriately in critical L-T initiatives, notably AI. Healthy ad market trends supported strong 2Q results & have carried into 3Q, with/METAs 3Q revenue guide of +13%-20% (+15%-22%... More
Meta Platforms Inc. (META) PT Raised to $550 at Roth/MKM
August 1, 2024 5:08 AM EDTRoth/MKM analyst Rohit Kulkami raised the price target on Meta Platforms Inc. (NASDAQ: META) to $550.00 (from $510.00) while maintaining a Buy rating.
The analyst comments "META reported an emphatic beat-and-raise earnings report and surprisingly left Op. Expenses outlook unchanged, and unsurprisingly raised 2024 CapEx... More
Meta Platforms Inc. (META) PT Raised to $600 at Evercore ISI
August 1, 2024 5:02 AM EDTEvercore ISI analyst Mark Mahaney raised the price target on Meta Platforms Inc. (NASDAQ: META) to $600.00 (from $550.00) while maintaining a Outperform rating.
The analyst comments "We reiterate our Outperform rating on META, raising our estimates and our PT from $550 to $600... More
