After-hours movers: HPE, Topgolf Callaway, Fortive and more

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Needham Upgrades YEXT Inc. (YEXT) to Buy

September 5, 2024 7:21 AM EDT

Needham analyst Ryan MacDonald upgraded YEXT Inc. (NYSE: YEXT) from Hold to Buy with a price target of $8.00.

The analyst comments "We upgrade Yext to Buy and establish an $8 PT following 2Q25 results which gave us greater clarity on the fundamental trajectory of the... More

AeroVironment (AVAV) PT Lowered to $215 at RBC Capital

September 5, 2024 6:50 AM EDT

RBC Capital analyst Ken Herbert lowered the price target on AeroVironment (NASDAQ: AVAV) to $215.00 (from $230.00) while maintaining a Outperform rating.

The analyst comments "AeroVironment (AVAV) posted strong fiscal 1Q25 results, with total sales of $189M (up 24%) and adjusted EBITDA of $37M, a... More

c3.ai (AI) PT Lowered to $21 at Morgan Stanley

September 5, 2024 5:35 AM EDT

Morgan Stanley analyst Sanjit Singh lowered the price target on c3.ai (NYSE: AI) to $21.00 (from $23.00) while maintaining a Underweight rating.

The analyst comments "While rev accelerated for the 6th qtr. in a row, this was driven by services as software... More

HP Enterprise (HPE) PT Lowered to $21 at BofA Securities

September 5, 2024 5:32 AM EDT

BofA Securities analyst Wamsi Mohan lowered the price target on HP Enterprise (NYSE: HPE) to $21.00 (from $24.00) while maintaining a Neutral rating.

The analyst comments "We reiterate our Neutral rating on HPE as we see the positives balancing the negatives. Positives include:... More

c3.ai (AI) PT Lowered to $20 at BofA Securities

September 5, 2024 5:32 AM EDT

BofA Securities analyst Brad Sills lowered the price target on c3.ai (NYSE: AI) to $20.00 (from $24.00) while maintaining a Underperform rating.

The analyst comments "C3.ai reported modest subscription revenue upside (19.7% y/y versus our estimate for 19%). However, an unchanged FY25... More

Topgolf Callaway Brands (MODG) PT Raised to $14 at BofA Securities

September 5, 2024 5:31 AM EDT

BofA Securities analyst Alexander Perry raised the price target on Topgolf Callaway Brands (NYSE: MODG) to $14.00 (from $13.00) while maintaining a Neutral rating.

The analyst comments "Topgolf Callaway Brands (MODG, Neutral) announced today (9/4) its plan to separate Callaway and Topgolf into two independent,... More

YEXT Inc. (YEXT) PT Lowered to $7.50 at Roth/MKM

September 5, 2024 5:25 AM EDT

Roth/MKM analyst Rohit Kulkarni lowered the price target on YEXT Inc. (NYSE: YEXT) to $7.50 (from $8.00) while maintaining a Buy rating.

The analyst comments "Yext, Inc. reported a soft 2Q top line and material upside to 2Q EBITDA. Direct ARR, a key... More

Verint Systems (VRNT) PT Lowered to $28 at Jefferies

September 5, 2024 5:24 AM EDT

Jefferies analyst Samad Samana lowered the price target on Verint Systems (NASDAQ: VRNT) to $28.00 (from $32.00) while maintaining a Hold rating.

The analyst comments "VRNT missed on total rev (-1%) and EPS (-7%), as an unbundled SaaS deal was pushed. Mgmt... More

Verint Systems (VRNT) PT Lowered to $30 at Evercore ISI

September 5, 2024 5:21 AM EDT

Evercore ISI analyst Peter Levine lowered the price target on Verint Systems (NASDAQ: VRNT) to $30.00 (from $34.00) while maintaining a In Line rating.

The analyst comments "VRNT reported mixed F2Q results with a slight miss on the top and bottom line vs. consensus. Excluding the $1.5 million deal that was delayed, the reported KPIs were largely in line with expectations. In our view, the market's reaction was somewhat exaggerated, likely driven by the assumption that the lackluster results and guidance suggest the numbers are not sufficiently de-risked. Mgmt maintained... More

c3.ai (AI) PT Lowered to $20 at DA Davidson

September 5, 2024 5:19 AM EDT

DA Davidson analyst Gil Luria lowered the price target on c3.ai (NYSE: AI) to $20.00 (from $30.00) while maintaining a Neutral rating.

The analyst comments "C3.ai had weakness in subscription revenue which decreased by ~$6.5M Q/Q compared to adding ~$9.5M last quarter and ~$5M in the same period last... More