After-hours movers: Uber, Workday, Ross Stores, CAVA Group
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CAVA Group Inc (CAVA) PT Raised to $122 at Loop Capital
August 26, 2024 7:16 AM EDTLoop Capital analyst Alton Stump raised the price target on CAVA Group Inc (NYSE: CAVA) to $122.00 (from $80.00) while maintaining a Hold rating.
The analyst comments "CAVA reported another sharp EBITDA and solid comparable sales beat in 2Q; Maintaining our HOLD rating on... More
CAVA Group Inc (CAVA) PT Raised to $90 at JPMorgan
August 26, 2024 5:40 AM EDTJPMorgan analyst John Ivankoe raised the price target on CAVA Group Inc (NYSE: CAVA) to $90.00 (from $77.00) while maintaining a Neutral rating.
The analyst comments "CAVAs multi-regional success continues to support eventual national scale - with 2Q24 headline SSS of 14.4% underpinned by 9%+ traffic coming... More
BofA Securities Reiterates Buy Rating on Uber Inc. (UBER)
August 26, 2024 5:31 AM EDTBofA Securities analyst Justin Post reiterated a Buy rating and $88.00 price target on Uber Inc. (NYSE: UBER).
The analyst comments "Uber highlighted New Vertical products as key drivers for long-term growth (we est. New Verticals will contributed about 6ppts to Mobility... More
Needham Reiterates Buy Rating on Workday (WDAY)
August 23, 2024 9:53 AM EDTNeedham analyst Scott Berg reiterated a Buy rating and $350.00 price target on Workday (NASDAQ: WDAY).
The analyst comments "WDAY reported upside to revenue and EPS but only maintained their full-year subscription guide on continuing macro headwinds. Sales commentary was sluggish with a... More
CAVA Group Inc (CAVA) PT Raised to $115 at Citi
August 23, 2024 8:44 AM EDTCiti analyst Jon Tower raised the price target on CAVA Group Inc (NYSE: CAVA) to $115.00 (from $93.00) while maintaining a Neutral rating.
The analyst comments "CAVA continues to benefit from being in an almost singular category that is hard to replace at home, while also... More
Workday (WDAY) PT Raised to $255 at Loop Capital
August 23, 2024 7:46 AM EDTLoop Capital analyst Yun Kim raised the price target on Workday (NASDAQ: WDAY) to $255.00 (from $240.00) while maintaining a Hold rating.
The analyst comments "WDAY is the latest software company to emerge as the margin expansion story, acknowledging that its medium-term growth potential has peaked. The company now expects its annual subscription revenue growth to... More
Ross Stores, Inc. (ROST) PT Raised to $190 at Loop Capital
August 23, 2024 7:45 AM EDTLoop Capital analyst Laura Champine raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $190.00 (from $170.00) while maintaining a Buy rating.
The analyst comments "We are maintaining our Buy rating and raising our price target for Ross from $170 to $190... More
Ross Stores, Inc. (ROST) PT Raised to $167 at UBS
August 23, 2024 7:08 AM EDTUBS analyst Jay Sole raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $167.00 (from $147.00) while maintaining a Neutral rating.
The analyst comments "ROSTs 2Q report suggests its underlying fundamentals remain solid even as its core low-to-middle income customers experience... More
Ross Stores, Inc. (ROST) PT Raised to $180 at Baird
August 23, 2024 6:59 AM EDTBaird analyst Mark Altschwager raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $180.00 (from $162.00) while maintaining a Outperform rating.
The analyst comments "Maintain Outperform rating. ROST delivered comps/EPS +1%/+6% ahead of consensus, with acceleration vs. FQ1 (against a tougher compare) and... More
CAVA Group Inc (CAVA) PT Raised to $125 at Baird
August 23, 2024 6:58 AM EDTBaird analyst David Tarantino raised the price target on CAVA Group Inc (NYSE: CAVA) to $125.00 (from $105.00) while maintaining a Outperform rating.
The analyst comments "Maintaining Outperform rating, with new $125 price target. We are raising 2024-2025 EBITDA estimates following another strong quarterly update that... More
Ross Stores, Inc. (ROST) PT Raised to $185 at Goldman Sachs
August 23, 2024 5:46 AM EDTGoldman Sachs analyst Brooke Roach raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $185.00 (from $167.00) while maintaining a Buy rating.
The analyst comments "ROST reported a strong F2Q beat, led by sequentially stronger momentum at both the Ross and dd's banners. Management highlighted the company's stronger value offering continues to... More
Deutsche Bank Reiterates Buy Rating on Uber Inc. (UBER)
August 23, 2024 5:40 AM EDTDeutsche Bank analyst Lloyd Walmsley reiterated a Buy rating and $95.00 price target on Uber Inc. (NYSE: UBER).
The analyst comments "Last night, Uber and GM-owned Cruise announced a multi-year autonomous partnership, whereby Uber will start offering customers the option to select selfdriving Cruise vehicles. The partnership will begin in an undisclosed city where Uber does not currently have an existing AV partnership (these... More
Workday (WDAY) PT Raised to $275 at Deutsche Bank
August 23, 2024 5:39 AM EDTDeutsche Bank analyst Brad Zelnick raised the price target on Workday (NASDAQ: WDAY) to $275.00 (from $265.00) while maintaining a Hold rating.
The analyst comments "Workday delivered broadly in-line F2Q results and F3Q/FY25 guidance which were overshadowed by updated mid-term targets, slightly lowering Subscription revenue growth to 15% and importantly raising operating margins to 30% by... More
Ross Stores, Inc. (ROST) PT Raised to $175 at Deutsche Bank
August 23, 2024 5:39 AM EDTDeutsche Bank analyst Paul Trussell raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $175.00 (from $165.00) while maintaining a Buy rating.
The analyst comments "The string of strong off-price results continued tonight with ROST posting robust top-line growth, upside to profitability,... More
Workday (WDAY) PT Raised to $300 at Wells Fargo
August 23, 2024 5:37 AM EDTWells Fargo analyst Michael Turrin raised the price target on Workday (NASDAQ: WDAY) to $300.00 (from $260.00) while maintaining a Overweight rating.
The analyst comments "WDAY's FQ2 pre-empted what we were expecting at Rising a marked shift in tone toward delivering more margin & revised MT... More
Ross Stores, Inc. (ROST) PT Raised to $175 at Wells Fargo
August 23, 2024 5:37 AM EDTWells Fargo analyst Ike Boruchow raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $175.00 (from $160.00) while maintaining a Overweight rating.
The analyst comments "More on Shift to Branded Merch. At a high-level, ROST has prioritized increasing the mix of higher quality... More
BMO Capital Reiterates Outperform Rating on Workday (WDAY)
August 23, 2024 5:34 AM EDTBMO Capital analyst Daniel Jester reiterated an Outperform rating and $300.00 price target on Workday (NASDAQ: WDAY).
The analyst comments "We think Workdays new FY27 EBIT target (30% from >25%) more than offsets current growth worries as the company navigates an ongoing softer macro... More
Workday (WDAY) PT Raised to $310 at BofA Securities
August 23, 2024 5:31 AM EDTBofA Securities analyst Brad Sills raised the price target on Workday (NASDAQ: WDAY) to $310.00 (from $265.00) while maintaining a Buy rating.
The analyst comments "Q2 represents a turning point in Workdays journey toward balanced growth, in our view. A strong FY27 margin raise to 30%... More
Ross Stores, Inc. (ROST) PT Raised to $180 at BofA Securities
August 23, 2024 5:31 AM EDTBofA Securities analyst Lorraine Hutchinson raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $180.00 (from $170.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating as ROSTs improved value proposition resonates with stretched consumers. ROST... More
Intuit (INTU) PT Raised to $780 at BofA Securities
August 23, 2024 5:31 AM EDTBofA Securities analyst Kash Rangan raised the price target on Intuit (NASDAQ: INTU) to $780.00 (from $730.00) while maintaining a Buy rating.
The analyst comments "No change to our positive view on Intuit. While the growth algorithm is pivoting more towards ARPC in both the... More
Intuit (INTU) PT Raised to $790 at Jefferies
August 23, 2024 5:26 AM EDTJefferies analyst Brent Thill raised the price target on Intuit (NASDAQ: INTU) to $790.00 (from $770.00) while maintaining a Buy rating.
The analyst comments "While the mix of ingredients might change, INTU can always be relied on to serve up a satisfying combination of DD... More
Ross Stores, Inc. (ROST) PT Raised to $161 at Jefferies
August 23, 2024 5:26 AM EDTJefferies analyst Corey Tarlowe raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $161.00 (from $147.00) while maintaining a Hold rating.
The analyst comments "2Q results reflected another beat-and-raise Q for ROST, as healthy sales growth and lower distribution/incentive costs helped... More
Workday (WDAY) PT Raised to $350 at Jefferies
August 23, 2024 5:25 AM EDTJefferies analyst Brent Thill raised the price target on Workday (NASDAQ: WDAY) to $350.00 (from $330.00) while maintaining a Buy rating.
The analyst comments "WDAY delivered a narrow beat as CRPO growth of 16% came in slightly ahead of the Street at 15.6% as the macro environment... More
Ross Stores, Inc. (ROST) PT Raised to $175 at Evercore ISI
August 23, 2024 5:10 AM EDTEvercore ISI analyst Michael Binetti raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $175.00 (from $165.00) while maintaining a Outperform rating.
The analyst comments "Positive 2Q Update: Despite ROSTs ongoing caution related to pressure on its modest-income consumer, were impressed that ROST accelerated SSS +4%... More
Evercore ISI Reiterates Outperform Rating on Intuit (INTU)
August 23, 2024 5:09 AM EDTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $725.00 price target on Intuit (NASDAQ: INTU).
The analyst comments "In terms of notable takeaways from the quarter: 1) INTU assist is now available for ~1mn mid-market businesses, showcasing the large TAM ahead for mid-size companies. In our view, this is... More
Workday (WDAY) PT Raised to $310 at Evercore ISI
August 23, 2024 5:08 AM EDTEvercore ISI analyst Kirk Materne raised the price target on Workday (NASDAQ: WDAY) to $310.00 (from $290.00) while maintaining a Outperform rating.
The analyst comments "Bottom line: While the F2Q results were solid, the bigger news on the F2Q call is Workday shifting its mid-term guidance towards mid-teens revenue growth (from upper teens) but... More
Workday (WDAY) PT Raised to $270 at DA Davidson
August 23, 2024 5:06 AM EDTDA Davidson analyst Gil Luria raised the price target on Workday (NASDAQ: WDAY) to $270.00 (from $255.00) while maintaining a Neutral rating.
The analyst comments "F2Q25 was slightly better than expected while the focal point for investors was the updated midterm outlook which outlines... More
Workday (WDAY) PT Raised to $274 at Citi
August 23, 2024 5:00 AM EDTCiti analyst Steven Enders raised the price target on Workday (NASDAQ: WDAY) to $274.00 (from $255.00) while maintaining a Neutral rating.
The analyst comments "WDAY reported a skinny beat and a maintained FY sub rev guide with a +25bps raise to the FY OM... More
Intuit (INTU) PT Raised to $760 at Citi
August 23, 2024 4:59 AM EDTCiti analyst Steven Enders raised the price target on Intuit (NASDAQ: INTU) to $760.00 (from $750.00) while maintaining a Buy rating.
The analyst comments "INTU reported solid F4Q24 results with $99M rev upside vs. cons driven by SMB (+$57M) and CK... More
