US stock futures largely unchanged; Jackson Hole, Fed minutes in focus

Palo Alto Networks (PANW) PT Raised to $400 at FBN Securities

FBN Securities analyst Shebly Seyrafi raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $350.00) while maintaining a Outperform rating.

The analyst comments "We retain our Outperform rating on PANW and raise our PT from $350 to $400 following better than expected FQ4 results in which RPO grew by... More

Are investors safe as VIX retraces at record pace?

As the VIX retraces at a record pace, Bank of America said in a note Tuesday that investors may be tempted to breathe a sigh of relief.

However, the bank questioned whether the coast is really clear just yet.

Analysts at BofA explained that after the volatility spike on August 5, the VIX rapidly stabilized, dropping back to its pre-August year-to-date average level in just seven daysa record-setting... More

Palo Alto Networks (PANW) PT Raised to $400 at Wedbush

Wedbush analyst Daniel Ives raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $375.00) while maintaining a Outperform rating.

The analyst comments "We continue to believe the platform approach in cyber security is the right long-term move for PANW and... More

Estee Lauder (EL) PT Lowered to $100 at Morgan Stanley

Morgan Stanley analyst Dara Mohsenian lowered the price target on Estee Lauder (NYSE: EL) to $100.00 (from $140.00) while maintaining a Equalweight rating.

The analyst comments "We remain EW, with uncertain LT topline growth given category weakness (China/travel retail), EL market share struggles (outsized exposure to these areas/underlying softness), and execution risk, albeit with CEO change a potential catalyst and seemingly conservative... More

Palo Alto Networks (PANW) PT Raised to $400 at Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $350.00) while maintaining a Overweight rating.

The analyst comments "Investment Summary. We reiterate our Overweight rating and raise our price target to $400 from $350 on a strong finish to FY2024. Palo Alto Networks delivered a solid finish to the year end on revenue exceeding FactSet consensus... More

Palo Alto Networks (PANW) PT Raised to $399 at Bernstein SocGen Group

Bernstein SocGen Group analyst Peter Weed raised the price target on Palo Alto Networks (NASDAQ: PANW) to $399.00 (from $364.00) while maintaining a Outperform rating.

The analyst comments "Palo Alto Networks closed out its FY24 with a FQ4 with another accelerating revenue beat to +1.4%... More

Palo Alto Networks (PANW) PT Raised to $330 at Piper Sandler

Piper Sandler analyst Rob Owens raised the price target on Palo Alto Networks (NASDAQ: PANW) to $330.00 (from $300.00) while maintaining a Neutral rating.

The analyst comments "Platformization momentum accelerated to end F'24, with the number of platformization deals up 50%+ in 4Q. This... More

Palo Alto Networks (PANW) PT Raised to $395 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $330.00) while maintaining a Buy rating.

The analyst comments "Despite some concerns around the July 19 CrowdStrike outage hampering consolidation forces within cyber, 'platformization' is winning the day for PANW with multiple customer success stories and supporting metrics including 90 new such deals in F4Q up from 65 in F3Q. The company boasts well over 1,000 'platformized' customers amongst their largest 5,000, along with healthy expansion rates and rising interest and activity among senior level customer execs. We believe... More

Estee Lauder (EL) PT Lowered to $105 at Deutsche Bank

Deutsche Bank analyst Steve Powers lowered the price target on Estee Lauder (NYSE: EL) to $105.00 (from $108.00) while maintaining a Hold rating.

The analyst comments "In the background, EL continues to navigate a CFO succession, and is simultaneously now conducting a CEO search following the announced... More

BofA Securities Reiterates Neutral Rating on Palo Alto Networks (PANW)

BofA Securities analyst Tal Liani reiterated a Neutral rating and $370.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "Palo Alto Networks reported a strong quarter with NGS ARR up ~43% YoY vs. Streets 38.1%, fueled by progress across all next-generation security... More

Goldman Sachs Reiterates Buy Rating on Palo Alto Networks (PANW)

Goldman Sachs analyst Gabriela Borges reiterated a Buy rating and $376.00 price target on Palo Alto Networks (NASDAQ: PANW)

The analyst comments "Palo Alto reported an overall solid quarter: 4QFY (July) revenue was 1% above the Street and EPS 7% above (FactSet). FY25 guidance is for RPO growth of... More

Wolfe Research Reiterates Outperform Rating on Palo Alto Networks (PANW)

Wolfe Research analyst Joshua Tilton reiterated an Outperform rating and $385.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "Revenue and NGS ARR stood out, growing 12% and 43% Y/Y, and coming in 1.3% and 3.7% ahead of consensus, respectively. Total Billings... More

Palo Alto Networks (PANW) PT Raised to $390 at BMO Capital

BMO Capital analyst Keith Bachman raised the price target on Palo Alto Networks (NASDAQ: PANW) to $390.00 (from $334.00) while maintaining a Outperform rating.

The analyst comments "We are not surprised that PANW is moving away from offering billings guidance, and we... More

Mizuho Reiterates Outperform Rating on Palo Alto Networks (PANW)

Mizuho analyst Gregg Moskowitz reiterated an Outperform rating and $380.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "PANW reported a very good close to its fiscal year, as F4Q revenue growth upside was more than usual, while... More

Guggenheim Reiterates Neutral Rating on Palo Alto Networks (PANW)

Guggenheim analyst John DiFucci reiterated a Neutral rating on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "Key Message: Palo Alto Networks reported decent F4Q24 results with revenue and cash flow largely in line to a bit above consensus estimates, while NGS ARR and EPS were better. Importantly, our calculation of Total New ARR grew modestly (+2%) after three consecutive quarters of decline, though it was against an easier comp. Included in Total New ARR are: NGS components included in Product, Subscription, and Support, along with current... More

Palo Alto Networks (PANW) PT Raised to $387 at JPMorgan

JPMorgan analyst Brian Essex raised the price target on Palo Alto Networks (NASDAQ: PANW) to $387.00 (from $365.00) while maintaining a Overweight rating.

The analyst comments "Healthy 4Q results with guidance better than expected. Results for 4Q were solid overall as Palo Alto delivered better than expected Next Gen ARR, revenue, operating margin, and non-GAAP EPS. Ending the year with a FCF margin of nearly 39% was also a notable positive. Guidance for FY25 RPO growth was a bit light, but FY25 guidance for Next Gen ARR,... More

Palo Alto Networks (PANW) PT Raised to $400 at Jefferies

Jefferies analyst Joseph Gallo raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $365.00) while maintaining a Buy rating.

The analyst comments "F4Q billings grew 11% yoy vs Cons 9%. While the shifting of metrics muddies guidance (RPO impacted by... More

Estee Lauder (EL) PT Lowered to $130 at Evercore ISI

Evercore ISI analyst Robert Ottenstein lowered the price target on Estee Lauder (NYSE: EL) to $130.00 (from $180.00) while maintaining a Outperform rating.

The analyst comments "Estees fiscal 2025 guide assumes China and Asia Travel Retail will remain tough and unlikely to improve from Junes low: 1) Hainan duty-free sales did not stabilize after the anniversary of the daigou crackdown but declines accelerated instead, page 16; 2) Online... More

Palo Alto Networks (PANW) PT Raised to $395 at Evercore ISI

Evercore ISI analyst Peter Levine raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $385.00) while maintaining a Outperform rating.

The analyst comments "PANW delivered a strong quarter and provided an outlook that met expectations. The core of our Tactical Underperform (here) was the lack of confidence going into the print given all the moving pieces, and although the guidance wasnt one for the record books, it was good enough. As expected, mgmt will be transitioning away from providing a billings guide but gave us an FY25 target of... More

Palo Alto Networks (PANW) PT Raised to $395 at Citi

Citi analyst Fatima Boolani raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $385.00) while maintaining a Buy rating.

The analyst comments "Against elevated expectations shares, valuation near all-time highs PANW delivered an even-keeled print. NGS ARR (43% YoY, $4B+ scale +5pts... More

Estee Lauder (EL) PT Lowered to $130 at DA Davidson

DA Davidson analyst Linda Bolton Weiser lowered the price target on Estee Lauder (NYSE: EL) to $130.00 (from $191.00) while maintaining a Buy rating.

The analyst comments "BUY-rated EL reported a F4Q24 beat, with travel retail likely up >40%, driven by re-stocking in the... More

Palo Alto Networks (PANW) PT Raised to $415 at DA Davidson

DA Davidson analyst Rudy Kessinger raised the price target on Palo Alto Networks (NASDAQ: PANW) to $415.00 (from $380.00) while maintaining a Buy rating.

The analyst comments "FQ4 results were nicely ahead on almost all metrics, including Billings. Net New NGS ARR of... More

Palo Alto Networks (PANW) PT Raised to $395 at BTIG

BTIG analyst Gray Powerll raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $366.00) while maintaining a Buy rating.

The analyst comments "PANW posted strong FQ424 results and the initial outlook for FY25 was broadly in-line with expectations across key metrics. Most notably, PANW posted billings growth of 10.8% y/y in Q424 ahead of... More

Volatility is likely here to stay in the coming months: BofA

Bank of America analysts are warning that the current market volatility is expected to persist in the coming months.

In a recent note, the investment bank highlighted several factors contributing to this outlook, including a weakening macroeconomic environment and policy uncertainty ahead of the U.S. election.

"Volatility has risen after the VIX remained sub-20 for nearly two years,"... More

S&P 500, stocks will continue to rally 'as long as growth is ok'

Bank of America analysts believe that U.S. equities are well-positioned to continue their upward trajectory, provided that economic growth remains stable.

In a recent note, the investment bank's analysts emphasized that "as long as growth is OK, equities can withstand a less-dovish Fed."

The focus for the market has shifted from inflation to growth,... More

Goldman Sachs on Estee Lauder (EL): 'FY25 guidance missed expectations will weigh sharply on the stock today'

Goldman Sachs analyst Bonnie Herzog reiterated a Neutral rating and $115.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "Our View - EL reported 4Q24 EPS of $0.64 (vs. GS/FactSet consensus $0.24/$0.26). Q4 organic sales growth of +8% was slightly higher than expectations, as strength in its EMEA segment was partly offset by weaker Americas and APAC. Gross margins were marginally lower than... More

JPMorgan Reiterates Overweight Rating on Estee Lauder (EL)

JPMorgan analyst Andrea Teixeira reiterated an Overweight rating and $129.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "EL (OW) reported 4QFY24 adj. EPS of $0.64, well above high end of guidance range of $0.18 to $0.28 and also significantly above JPM/Street forecasts of... More

Stifel on Estee Lauder (EL): 'We anticipate EL shares underperform'

Stifel analyst Mark Astrachan reiterated a Buy rating and $165.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "Estée Lauder Companies reported solid F4Q24 results with below-consensus first-time F2025 guidance. The company also announced president/CEO... More

Morgan Stanley on Estee Lauder (EL): 'Negative Stock Reaction'

Morgan Stanley analyst Dara Mohsenian reiterated an Equalweight rating and $140.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "Negative Stock Reaction: EL reported Q4 EPS upside, announced its current CEO would be stepping down this fiscal year with a search including external/internal candidates ongoing,... More

Citi sticks to 5600 year-end S&P 500 target as earnings wind down

Citi analysts have reaffirmed their bullish outlook for the S&P 500, maintaining a year-end target of 5600 despite some moderation in growth expectations for the second half of the year.

This optimism follows a better-than-expected earnings season in Q2, where S&P 500 earnings grew by 10.5% year-over-year, surpassing the anticipated 8.1% growth.

According to Citi, the "Mag 7" group of tech giants, which includes companies like Apple and Microsoft, played a significant role... More