After-hours movers: Snowflake, Zoom, Zuora
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/13/2026
- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Super Micro Computer establishes $1.25 billion stock sale agreement
- Wall Street ends higher as SpaceX's market debut dominates
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- SpaceX Shares Indicated To Open At $155
Zoom Video (ZM) PT Raised to $69 at Citi
August 23, 2024 9:49 AM EDTCiti analyst Tyler Radke raised the price target on Zoom Video (NASDAQ: ZM) to $69.00 (from $67.00) while maintaining a Neutral rating.
The analyst comments "ZMs Q2 report featured some positive signals in a choppy SMB/competitive backdrop, with a healthy 1.5pt revenue beat with... More
Zoom Video (ZM) PT Raised to $75 at Deutsche Bank
August 23, 2024 5:42 AM EDTDeutsche Bank analyst Matthew Niknam raised the price target on Zoom Video (NASDAQ: ZM) to $75.00 (from $71.00) while maintaining a Hold rating.
The analyst comments "We are updating our model post Zoom's F2Q25 results, which largely mirrored recent trends with a 1% revenue beat (sales were +2% yoy) and more outsized upside to margins driving double-digit EPS... More
Zoom Video (ZM) PT Raised to $72 at Goldman Sachs
August 22, 2024 4:01 PM EDTGoldman Sachs analyst Kash Rangan raised the price target on Zoom Video (NASDAQ: ZM) to $72.00 (from $70.00) while maintaining a Neutral rating.
The analyst comments "We reiterate our Neutral rating and raise our PT to $72 ($70 prior) following F2Q25 top and bottom-line outperformance, including Revenue +1% vs. Consensus, OPM 39% (+300bps vs.... More
Loop Capital Reiterates Buy Rating on Snowflake Inc. (SNOW)
August 22, 2024 8:53 AM EDTLoop Capital analyst Mark Schappel reiterated a Buy rating and $185.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "Snowflake's July quarter print was fine, but not great a 2.6% product revenue beat was a tad below the expected 3-5% upside, and the product revenue guide, while up and above the consensus, came in below what many investors expected. Thus, the stock was down 8%... More
Snowflake Inc. (SNOW) PT Lowered to $180 at Rosenblatt
August 22, 2024 6:57 AM EDTRosenblatt analyst Blair Abernethy lowered the price target on Snowflake Inc. (NYSE: SNOW) to $180.00 (from $195.00) while maintaining a Buy rating.
The analyst comments "Wednesday after the market, Snowflake reported Q2 Product revenue growth of 30%, ~3% above our expectations, and total revenue of $868.8m... More
Zoom Video (ZM) PT Lowered to $77 at Baird
August 22, 2024 6:45 AM EDTBaird analyst William Power lowered the price target on Zoom Video (NASDAQ: ZM) to $77.00 (from $84.00) while maintaining a Outperform rating.
The analyst comments "Reiterate Outperform rating. Yesterday ZM reported solid FQ2 results, including modest upside to revenue and profitability. The company also raised full-year... More
Urban Outfitters, Inc. (URBN) PT Lowered to $47 at Baird
August 22, 2024 6:44 AM EDTBaird analyst Mark Altschwager lowered the price target on Urban Outfitters, Inc. (NASDAQ: URBN) to $47.00 (from $50.00) while maintaining a Neutral rating.
The analyst comments "Maintain Neutral rating. URBN delivered a ~24% earnings beat driven by big gross margin upside (sales ~in-line with ~1% comp shortfall)... More
Snowflake Inc. (SNOW) PT Lowered to $152 at Baird
August 22, 2024 6:43 AM EDTBaird analyst William Power lowered the price target on Snowflake Inc. (NYSE: SNOW) to $152.00 (from $165.00) while maintaining a Outperform rating.
The analyst comments "Remain buyers. Yesterday afternoon SNOW reported solid FQ2 results, with the 2.7% product revenue beat below FQ1's 5.6%, but still solid.... More
Snowflake Inc. (SNOW) PT Lowered to $190 at Canaccord Genuity
August 22, 2024 6:28 AM EDTCanaccord Genuity analyst David Hynes Jr. lowered the price target on Snowflake Inc. (NYSE: SNOW) to $190.00 (from $215.00) while maintaining a Buy rating.
The analyst comments "Key metrics and KPIs from the quarter. Snowflake delivered solid FQ2 results, beating guidance and raising full-year product... More
Snowflake Inc. (SNOW) PT Lowered to $160 at Needham
August 22, 2024 6:26 AM EDTNeedham analyst Mike Cikos lowered the price target on Snowflake Inc. (NYSE: SNOW) to $160.00 (from $210.00) while maintaining a Buy rating.
The analyst comments "Snowflake outperformed guidance and sell-side models in the July quarter. However, shares indicated lower in after-market trading as investors anticipated... More
Urban Outfitters, Inc. (URBN) PT Lowered to $46 at BofA Securities
August 22, 2024 6:23 AM EDTBofA Securities analyst Lorraine Hutchinson lowered the price target on Urban Outfitters, Inc. (NASDAQ: URBN) to $46.00 (from $52.00) while maintaining a Buy rating.
The analyst comments "URBN reported 2Q EPS of $1.24, beating our/Visible Alpha estimates of $0.95/$0.97 driven by better gross margin (GM) and strong... More
Goldman Sachs Reiterates Conviction Buy Rating on Snowflake Inc. (SNOW)
August 22, 2024 5:48 AM EDTGoldman Sachs analyst Kash Rangan reiterated a Conviction Buy rating and $220.00 price target on Snowflake Inc. (NYSE: SNOW)
The analyst comments "We reiterate our Buy rating (on CL) and our price target of $220 following Snowflakes solid F2Q results. Product Revenue was +2% above Consensus (maintained +30% growth), +30% cRPO growth (F1Q: +31%) and OpM and FCFM outperformed by ~200 bps. The stock is indicated... More
Goldman Sachs Reiterates Buy Rating on Zuora Inc. (ZUO)
August 22, 2024 5:48 AM EDTGoldman Sachs analyst Adam Hotchkiss reiterated a Buy rating and $13.00 price target on Zuora Inc. (NYSE: ZUO).
The analyst comments "Zuora reported F2Q25 revenue and operating income above consensus expectations, as the company was able to offset one-off churn events from recent quarters with better monetization of various business stakeholders (i.e. payment processors) and high dollar... More
Urban Outfitters, Inc. (URBN) PT Lowered to $38 at Morgan Stanley
August 22, 2024 5:46 AM EDTMorgan Stanley analyst Alex Straton lowered the price target on Urban Outfitters, Inc. (NASDAQ: URBN) to $38.00 (from $40.00) while maintaining a Equalweight rating.
The analyst comments "Positive 2Q headline over-shadowed by less-stellar composition & decelerating QTD trend, sending URBN stock -8% AMC. With Anthro/FP... More
Mizuho Reiterates Outperform Rating on Zoom Video (ZM)
August 22, 2024 5:28 AM EDTMizuho analyst Siti Panigrahi reiterated an Outperform rating and $90.00 price target on Zoom Video (NASDAQ: ZM).
The analyst comments "Zoom reported solid FQ2 results, delivering a $15M revenue beat and $149M OCF beat. The company continues to generate best-in-class profitability and cash flow as... More
Guggenheim Reiterates Neutral Rating on Snowflake Inc. (SNOW)
August 22, 2024 5:26 AM EDTGuggenheim analyst John DiFucci reiterated a Neutral rating on Snowflake Inc. (NYSE: SNOW).
The analyst comments "While Snowflake F2Q headline results exceeded consensus numbers, the results indicated a slowing of business momentum (when considering New ARR growth, including a two-year stack and/or seasonal trends), which was the opposite of most other names for the 2Q in our coverage universe (so far). See Exhibit 1. As were about halfway... More
Urban Outfitters, Inc. (URBN) PT Lowered to $42 at JPMorgan
August 22, 2024 5:24 AM EDTJPMorgan analyst Matthew Boss lowered the price target on Urban Outfitters, Inc. (NASDAQ: URBN) to $42.00 (from $43.00) while maintaining a Overweight rating.
The analyst comments "URBN reported 2Q adj. EPS of $1.24 (23% above Street $1.01) with same-store-sales shortfall (+2%... More
Snowflake Inc. (SNOW) PT Lowered to $145 at Jefferies
August 22, 2024 5:22 AM EDTJefferies analyst Brent Thill lowered the price target on Snowflake Inc. (NYSE: SNOW) to $145.00 (from $160.00) while maintaining a Buy rating.
The analyst comments "Results were solid with a ~3% rev beat (vs ~4% avg beat over last 10 Qs), a FY rev... More
Urban Outfitters, Inc. (URBN) PT Lowered to $34 at Jefferies
August 22, 2024 5:21 AM EDTJefferies analyst Corey Tarlowe lowered the price target on Urban Outfitters, Inc. (NASDAQ: URBN) to $34.00 (from $35.00) while maintaining a Underperform rating.
The analyst comments "Strong top-line results continue at URBN driven by Anthro/FP/Nuuly despite continued UO weakness. UO's NA President... More
Evercore ISI Reiterates In Line Rating on Zoom Video (ZM)
August 22, 2024 5:16 AM EDTEvercore ISI analyst Peter Levine reiterated an In Line rating and $70.00 price target on Zoom Video (NASDAQ: ZM).
The analyst comments "Zoom delivered a very solid quarter, marked by strong operational execution, greater margin leverage and FCF generation, and impressive momentum across their newer product offerings (contact center (CCaaS), phone, and Workvivo). While this quarter doesn't alter our current thesis, the overall results and reported metrics are leading us to lean slightly more constructive here. Commentary would lead us to believe we have reached the trough in terms of churn stabilization... More
Evercore ISI Reiterates Outperform Rating on Snowflake Inc. (SNOW)
August 22, 2024 5:16 AM EDTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $170.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "Bottom line: SNOW delivered solid results with product revenue of $829.3mn (+30%) coming in ahead of our/Street forecasts in the 26- 27% range. While this was a smaller beat than some hoped, we view it as a solid quarter that demonstrates that the core... More
Snowflake Inc. (SNOW) PT Lowered to $175 at DA Davidson
August 22, 2024 5:11 AM EDTDA Davidson analyst Gil Luria lowered the price target on Snowflake Inc. (NYSE: SNOW) to $175.00 (from $230.00) while maintaining a Buy rating.
The analyst comments "We maintain our BUY rating and lower our price target from $230 to $175 after Snowflake reported solid 2Q25 numbers... More
BTIG Reiterates Neutral Rating on Snowflake Inc. (SNOW)
August 22, 2024 5:09 AM EDTBTIG analyst Gray Powell reiterated a Neutral rating on Snowflake Inc. (NYSE: SNOW).
The analyst comments "SNOW delivered solid FQ2 results and increased its outlook for FY25. Most notably, SNOW posted product revenue of $829MM / +29.5% y/y compared to our $810MM / 26.5% est and the Street at $814MM / 27.1%. In addition, gross profit beat street estimate 3.0% and operating income was substantially ahead of forecasts. SNOW also increased its FY25 product... More
Urban Outfitters, Inc. (URBN) PT Lowered to $39 at Citi
August 22, 2024 5:01 AM EDTCiti analyst Paul Lejuez lowered the price target on Urban Outfitters, Inc. (NASDAQ: URBN) to $39.00 (from $44.00) while maintaining a Neutral rating.
The analyst comments "2Q EPS $1.24 was a big beat vs cons $1.00 driven by stronger GM (+70bps vs cons -70bps) while... More
Citi Reiterates Neutral Rating on Zoom Video (ZM)
August 22, 2024 4:58 AM EDTCiti analyst Tyler Radke reiterated a Neutral rating and $67.00 price target on Zoom Video (NASDAQ: ZM).
The analyst comments "Against relatively low expectations, Zoom delivered a solid beat and slight raise to annual targets. The guide implies a slight 2H reacceleration in... More
