After-hours movers: NVIDIA, GitLab, Zscaler, PagerDuty
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
BofA Securities Reiterates Buy Rating on NVIDIA (NVDA), Top Pick, 'Compelling growth at compelling valuation'
September 5, 2024 9:53 AM EDTBofA Securities analyst Vivek Arya reiterated a Buy rating and $165.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "Reiterate Buy, top sector pick, $165 PO. Near-term NVDA faces several headwinds including: 1) fundamental (Blackwell delay, gross margin pressure), 2) regulatory (potential DOJ probe), 3) perceptional (competition,... More
Zscaler (ZS) PT Lowered to $238 at Bernstein SocGen Group
September 5, 2024 5:28 AM EDTBernstein SocGen Group analyst Peter Weed lowered the price target on Zscaler (NASDAQ: ZS) to $238.00 (from $270.00) while maintaining a Outperform rating.
The analyst comments "Zscalers FQ424 delivered an expanding beat, with revenue coming in >4% above consensus (larger than the 3%+ beats the prior two... More
DA Davidson Assumes Asana (ASAN) at Neutral
September 4, 2024 7:51 AM EDTDA Davidson analyst Lucky Schreiner assumes coverage on Asana (NYSE: ASAN) with a Neutral rating and a price target of $11.00.
The analyst comments "With this note, we are assuming coverage of Asana with a NEUTRAL rating and a $11 price target. Asana reported a... More
Goldman Sachs Reiterates Neutral Rating on Zscaler (ZS)
September 4, 2024 7:44 AM EDTGoldman Sachs analyst Gabriela Borges reiterated a Neutral rating and $177.00 price target on Zscaler (NASDAQ: ZS).
The analyst comments "Zscaler is indicated -12% AH post 4QFY EPS. Management guided for FY25 billings growth of 19-20% yoy, 1% above the Street; guidance for revenue... More
Rosenblatt Reiterates Neutral Rating on Zscaler (ZS)
September 4, 2024 6:40 AM EDTRosenblatt analyst Catherine Trebnick reiterated a Neutral rating and $190.00 price target on Zscaler (NASDAQ: ZS).
The analyst comments "Zscaler delivered an impressive quarter, exceeding guidance and Street expectations across multiple fronts. Revenue grew 30% Y/Y, the FCF margin of 27% was a record... More
William Blair Reiterates Outperform Rating on GitLab Inc (GTLB)
September 4, 2024 6:38 AM EDTWilliam Blair analyst Jason Ader reiterated an Outperform rating on GitLab Inc (NASDAQ: GTLB).
The analyst comments "Tool Consolidation Trend Remains Strong. GitLab emphasized its success in helping customers replace point solutions across the DevSecOps toolchain and driving ROI, accelerated release cycles, and significant... More
William Blair Reiterates Outperform Rating on PagerDuty (PD)
September 4, 2024 6:37 AM EDTWilliam Blair analyst Matt Stotler reiterated an Outperform rating on PagerDuty (NYSE: PD)
The analyst comments "PagerDuty reported mixed second-quarter results as the company delivered a solid beat on the bottom line, but managements weaker-than-expected revenue performance and outlook underwhelmed the Street. In our view, highlights from the quarter included a solid beat on operating income, which came in at $20 million (17% margin) versus consensus estimates for 13% margin, and the companys progress on large, multiyear deals that is starting to give management more... More
Zscaler (ZS) PT Lowered to $170 at Cantor Fitzgerald
September 4, 2024 6:34 AM EDTCantor Fitzgerald analyst Jonathan Ruykhaver lowered the price target on Zscaler (NASDAQ: ZS) to $170.00 (from $200.00) while maintaining a Neutral rating.
The analyst comments "We reiterate our Neutral rating and reduce our price target to $170 from $200 following F4Q24 results. Zscaler delivered a strong finish to FY24,... More
PagerDuty (PD) PT Lowered to $22 at RBC Capital
September 4, 2024 6:25 AM EDTRBC Capital analyst Matthew Hedberg lowered the price target on PagerDuty (NYSE: PD) to $22.00 (from $27.00) while maintaining a Outperform rating.
The analyst comments "PagerDuty delivered mixed results relative to expectations but was highlighted by a 3rd straight qtr of 10% ARR growth. However,... More
GitLab Inc (GTLB) PT Raised to $60 at RBC Capital
September 4, 2024 6:25 AM EDTRBC Capital analyst Matthew Hedberg raised the price target on GitLab Inc (NASDAQ: GTLB) to $60.00 (from $55.00) while maintaining a Outperform rating.
The analyst comments "GitLab delivered strong results with a better beat vs. last quarter and impressive margin expansion. We liked hearing... More
Needham Reiterates Hold Rating on GitLab Inc (GTLB)
September 4, 2024 6:21 AM EDTNeedham analyst Mike Cikos reiterated a Hold rating on GitLab Inc (NASDAQ: GTLB).
The analyst comments "GitLab reported a solid quarter with Revenue outperformance better-aligning to management's targeted ~3%-5% upside, in comparison to the skinnier beat last quarter. The company is seeing traction with... More
GitLab Inc (GTLB) PT Raised to $60 at Cantor Fitzgerald
September 4, 2024 6:19 AM EDTCantor Fitzgerald analyst Jonathan Ruykhaver raised the price target on GitLab Inc (NASDAQ: GTLB) to $60.00 (from $55.00) while maintaining a Overweight rating.
The analyst comments "We reiterate our Overweight rating and raising our 12-month price target from $55 to $60 on a clean F2Q25 print.... More
Asana (ASAN) PT Lowered to $13 at UBS
September 4, 2024 5:44 AM EDTUBS analyst Taylor McGinnis lowered the price target on Asana (NYSE: ASAN) to $13.00 (from $17.00) while maintaining a Neutral rating.
The analyst comments "The print fell short of expectations, evidenced by the skinnier 2Q revs beat to 10% Y/Y, 7% Y/Y 2Q billings growth vs Street at 10%... More
Zscaler (ZS) PT Lowered to $250 at UBS
September 4, 2024 5:44 AM EDTUBS analyst Fatima Boolani lowered the price target on Zscaler (NASDAQ: ZS) to $250.00 (from $270.00) while maintaining a Buy rating.
The analyst comments "F4Q results were strong, with 27% billing growth and upside to both OpM and FCF, but it's clear investors are viewing... More
Zscaler (ZS) PT Lowered to $180 at Wells Fargo
September 4, 2024 5:32 AM EDTWells Fargo analyst Andrew Nowinski lowered the price target on Zscaler (NASDAQ: ZS) to $180.00 (from $182.00) while maintaining a Equal Weight rating.
The analyst comments "ZS fell 15% AMC following fairly strong 4Q24 results, though billings guidance for FY25 was slightly below expectations and very... More
GitLab Inc (GTLB) PT Raised to $75 at Wells Fargo
September 4, 2024 5:29 AM EDTWells Fargo analyst Michael Turrin raised the price target on GitLab Inc (NASDAQ: GTLB) to $75.00 (from $70.00) while maintaining a Overweight rating.
The analyst comments "Results were solid, w/ FY raise > Q2 rev beat & leading indicators (billings, bookings, cRPO) growing >40%. See GTLB striking right chord... More
PagerDuty (PD) PT Lowered to $23 at BofA Securities
September 4, 2024 5:25 AM EDTBofA Securities analyst Koji Ikeda lowered the price target on PagerDuty (NYSE: PD) to $23.00 (from $28.00) while maintaining a Buy rating.
The analyst comments "PagerDuty (PD) reported soft F2Q results with total revenue of $115.9mn coming in below our/Street forecasts of $116.4mn/$116.6mn.... More
GitLab Inc (GTLB) PT Raised to $68 at BofA Securities
September 4, 2024 5:24 AM EDTBofA Securities analyst Koji Ikeda raised the price target on GitLab Inc (NASDAQ: GTLB) to $68.00 (from $66.00) while maintaining a Buy rating.
The analyst comments "GitLab (GTLB) reported strong F2Q25 results with total revenue and non-GAAP operating income above our/Street estimates. FY25... More
Zscaler (ZS) PT Lowered to $225 at Jefferies
September 4, 2024 5:18 AM EDTJefferies analyst Joseph Gallo lowered the price target on Zscaler (NASDAQ: ZS) to $225.00 (from $250.00) while maintaining a Buy rating.
The analyst comments "F4Q billings growth of 27% vs cons 24% was overshadowed by 1H25 guide of 13% yoy. While GTM changes & prev weaker F1H... More
PagerDuty (PD) PT Lowered to $21 at JPMorgan
September 4, 2024 5:16 AM EDTJPMorgan analyst Pinjalim Bora lowered the price target on PagerDuty (NYSE: PD) to $21.00 (from $24.00) while maintaining a Neutral rating.
The analyst comments "PagerDuty reported a slightly mixed FQ2 with revenue and billings landing below consensus expectations, while PF operating margin and FCF margin landed well ahead of consensus. In addition to a continued choppy macro backdrop delaying enterprise sales cycle and continued pressure in SMB, management noted that as the business is starting to drive more of a top-down, enterprise-focused selling motion, it is experiencing a change in linearity in the business... More
Zscaler (ZS) PT Lowered to $220 at JPMorgan
September 4, 2024 5:14 AM EDTJPMorgan analyst Brian Essex lowered the price target on Zscaler (NASDAQ: ZS) to $220.00 (from $230.00) while maintaining a Overweight rating.
The analyst comments "A Heads Up Before Is Better Than An Explanation After. ZS delivered solid 4Q24 results but guidance pointing to weaker than expected 1H25 billings required some explanation. Softer billings for the first half of FY25 had been telegraphed by the company last quarter, but the magnitude of implied deceleration was a bit of a surprise. Billings growth of 27% y/y for 4Q24 was better than consensus estimates while revenue, operating... More
Zscaler (ZS) PT Lowered to $205 at BTIG
September 4, 2024 5:11 AM EDTBTIG analyst Gray Powerll lowered the price target on Zscaler (NASDAQ: ZS) to $205.00 (from $220.00) while maintaining a Buy rating.
The analyst comments "ZS delivered strong FQ4/July results and provided an initial outlook for FY25 that bracketed street estimates across all metrics. While trends were positive, the big sticking point for investors from the call was commentary around linearity for the year, which implies a material deceleration in first half billings growth before reaccelerating in... More
GitLab Inc (GTLB) PT Raised to $63 at BTIG
September 4, 2024 5:10 AM EDTBTIG analyst Gary Powell raised the price target on GitLab Inc (NASDAQ: GTLB) to $63.00 (from $58.00) while maintaining a Buy rating.
The analyst comments "GTLB delivered very strong FQ2 results and increased its guidance for FY25. Most notably, GTLB posted revenue of $182.6MM / +30.8% y/y about 3% ahead of our estimate of $176.8MM /... More
PagerDuty (PD) PT Lowered to $21 at Goldman Sachs
September 4, 2024 5:06 AM EDTGoldman Sachs analyst Kash Rangan lowered the price target on PagerDuty (NYSE: PD) to $21.00 (from $24.00) while maintaining a Neutral rating.
The analyst comments "We reiterate our Neutral rating while lowering our Price Target to $21 (from $24) following PagerDutys F2Q25 earnings. The quarter was mixed Revenue and Paid Customers missed Consensus (FactSet) by 1% / 2%, respectively, with Paid Customers continuing its sequential churn trend (QoQ:... More
Goldman Sachs Reiterates Buy Rating on GitLab Inc (GTLB)
September 4, 2024 5:05 AM EDTGoldman Sachs analyst Kash Rangan reiterated a Buy rating and $80.00 price target on GitLab Inc (NASDAQ: GTLB).
The analyst comments "We reiterate our Buy rating and $80 PT following GitLabs 2Q25 outperformance, with revenue growth +31% (Consensus +27%), OPM of 10% (Consensus 6%), and raised guidance, with a true revenue raise (+0.3% ex. beat) and OPM raised +300bps. GitLab is +15% AH as investor concerns about near-term execution risk and macro uncertainty have largely been alleviated.... More
GitLab Inc (GTLB) PT Raised to $62 at Mizuho
September 4, 2024 5:02 AM EDTMizuho analyst Gregg Moskowitz raised the price target on GitLab Inc (NASDAQ: GTLB) to $62.00 (from $58.00) while maintaining a Outperform rating.
The analyst comments "GTLB reported a clearly better than expected F2Q, as revenue growth of 31% Y/Y came in well above our... More
Asana (ASAN) PT Lowered to $13 at Citi
September 4, 2024 5:00 AM EDTCiti analyst Steven Enders lowered the price target on Asana (NYSE: ASAN) to $13.00 (from $15.00) while maintaining a Neutral rating.
The analyst comments "ASAN reported a mixed F2Q with a more muted in-quarter beat and a narrowed/cut FY rev guide as headwinds... More
