After-hours movers: Nordstrom, SentinelOne, Box, Ambarella
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SentinelOne Inc (S) PT Raised to $25 at Goldman Sachs
August 28, 2024 10:20 AM EDTGoldman Sachs analyst Gabriela Borges raised the price target on SentinelOne Inc (NYSE: S) to $25.00 (from $23.00) while maintaining a Neutral rating.
The analyst comments "We believe the key driver for the stock over the next 12 months will be whether SentinelOne's pace of endpoint share gain will improve post CrowdStrike's July 19 outage. On this point: 1)... More
Craig-Hallum Reiterates Buy Rating on Semtech Corp. (SMTC)
August 28, 2024 8:47 AM EDTCraig-Hallum analyst Anthony Stoss reiterated a Buy rating and $48.00 price target on Semtech Corp. (NASDAQ: SMTC).
The analyst comments "We highlight SMTCs new CEO is starting off strong with a beat and guide above the Street. We continue to believe the company will see significant growth in CY25 and beyond... More
Oppenheimer Reiterates Perform Rating on Ambarella (AMBA)
August 28, 2024 7:27 AM EDTOppenheimer analyst Martin Yang reiterated a Perform rating on Ambarella (NASDAQ: AMBA).
The analyst comments "Ambarella's F2Q25 results topped guidance and mark the third consecutive quarter of sequential revenue growth in its recovery. Management also expects F3Q25 to grow... More
Roth/MKM Reiterates Neutral Rating on Ambarella (AMBA)
August 28, 2024 6:20 AM EDTRoth/MKM analyst Suji Desilva reiterated a Neutral rating and $60.00 price target on Ambarella (NASDAQ: AMBA).
The analyst comments "AMBA guided to sequential revenue growth ahead of consensus, reflecting normalized inventory levels that allow for a cyclical recovery in step with seasonal... More
SentinelOne Inc (S) PT Lowered to $32 at Bernstein SocGen Group
August 28, 2024 6:09 AM EDTBernstein SocGen Group analyst Peter Weed lowered the price target on SentinelOne Inc (NYSE: S) to $32.00 (from $37.00) while maintaining a Outperform rating.
The analyst comments "SentinelOnes FQ225 delivered a thin +84bps revenue beat vs. consensus (relative to prior quarters often >200bps), and a modest +40 incremental $100K customers (vs. prior four quarters at 60-77), but set a positive forward-looking narrative with full-year guidance raised more than their beat, and a full-throated emphasis on... More
Roth/MKM Reiterates Buy Rating on Semtech Corp. (SMTC)
August 28, 2024 5:42 AM EDTRoth/MKM analyst Scott Searle reiterated a Buy rating and $50.00 price target on Semtech Corp. (NASDAQ: SMTC).
The analyst comments "Semtech reported in-line 2Q25 results and guided 3Q above consensus (up 8% seq) as Data Center and LoRa continue to recover, and IoT Systems have... More
Nordstrom (JWN) PT Raised to $20 at JPMorgan
August 28, 2024 5:32 AM EDTJPMorgan analyst Matthew Boss raised the price target on Nordstrom (NYSE: JWN) to $20.00 (from $19.00) while maintaining a Underweight rating.
The analyst comments "Nordstrom reported 2Q adj. EPS of $0.96 (above Street $0.71) w/ the beat driven by more favorable gross margin expansion of +155bps Y/Y to 36.6% (>... More
SentinelOne Inc (S) PT Raised to $30 at JPMorgan
August 28, 2024 5:31 AM EDTJPMorgan analyst Brian Essex raised the price target on SentinelOne Inc (NYSE: S) to $30.00 (from $27.00) while maintaining a Overweight rating.
The analyst comments "Healthy 2Q results as company inflects to non-GAAP operating profit with several tailwinds ahead. SentinelOne management took the right approach to narrating the progress of the company, in our view. NNARR was a bit lighter than some had hoped for, but... More
Deutsche Bank Reiterates Hold Rating on Ambarella (AMBA)
August 28, 2024 5:29 AM EDTDeutsche Bank analyst Ross Seymore reiterated a Hold rating and $65.00 price target on Ambarella (NASDAQ: AMBA).
The analyst comments "AMBA delivered stronger-than-expected F2Q results, along with a F3Q guide that exceeded DBe/Street expectations (3Q revs +24% q/q vs. DBe/Street +11% q/q) as cyclical pressures abate and co-specific product cycles finally begin to kick in. While cycle... More
Evercore ISI Reiterates In Line Rating on Nordstrom (JWN)
August 28, 2024 5:25 AM EDTEvercore ISI analyst Michael Binetti reiterated an In Line rating and $19.00 price target on Nordstrom (NYSE: JWN).
The analyst comments "2Q net sales at +3.4% YOY was largely in line with Consensus at +3.5% (though slightly below our +3.9%) and SSS (which should exclude a timing shift... More
SentinelOne Inc (S) PT Raised to $23 at DA Davidson
August 28, 2024 5:23 AM EDTDA Davidson analyst Rudy Kessinger raised the price target on SentinelOne Inc (NYSE: S) to $23.00 (from $18.50) while maintaining a Neutral rating.
The analyst comments "After missing cons. ARR expectations last qtr., S delivered a solid FQ2 beat & raised FY25 guidance. FQ2... More
SentinelOne Inc (S) PT Raised to $30 at BTIG
August 28, 2024 5:22 AM EDTBTIG analyst Gray Powell raised the price target on SentinelOne Inc (NYSE: S) to $30.00 (from $28.00) while maintaining a Buy rating.
The analyst comments "S posted strong FQ2 results and the updated outlook for FY25 was increased. Most notably, S delivered ARR of $806MM / +31.7%% y/y vs. our and Street estimates of $802MM /+31.0%. This equated to net adds of... More
SentinelOne Inc (S) PT Raised to $25 at Citi
August 28, 2024 5:10 AM EDTCiti analyst Fatima Boolani raised the price target on SentinelOne Inc (NYSE: S) to $25.00 (from $20.00) while maintaining a Neutral rating.
The analyst comments "S $44M NNARR +16% QoQ beat street expectations (but still -9% YoY) underlining a mild ~1pt ARR beat (32% YoY), with modest... More
Box, Inc. (BOX) PT Raised to $34 at Citi
August 28, 2024 5:10 AM EDTCiti analyst Steven Enders raised the price target on Box, Inc. (NYSE: BOX) to $34.00 (from $32.00) while maintaining a Buy rating.
The analyst comments "BOX reported solid F2Q results with an acceleration in forward looking metrics incl RPO (+14% cc from 8%) and billings (+9%... More
Nordstrom (JWN) PT Raised to $19 at CFRA
August 28, 2024 5:04 AM EDTCFRA analyst Zachary Warring raised the price target on Nordstrom (NYSE: JWN) to $19.00 (from $16.00) while maintaining a Sell rating.
The analyst comments "We raise our 12-month target by $3 to $19 on 9.5x our FY 26 (Jan.) EPS and in line with the company's two-year... More
