After-hours movers: Broadcom, UiPath, Docusign and more

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Docusign Inc. (DOCU) PT Raised to $68 at BofA Securities

September 6, 2024 1:39 PM EDT

BofA Securities analyst Brad Sills raised the price target on Docusign Inc. (NASDAQ: DOCU) to $68.00 (from $60.00) while maintaining a Neutral rating.

The analyst comments "In summary, Q2 results and outlook suggest that the company is executing well on key growth and... More

Rosenblatt Reiterates Buy Rating on Broadcom Limited (AVGO)

September 6, 2024 7:00 AM EDT

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and $240.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Broadcom delivered modest July quarter results on VMWare enterprise S/W upside, semi AI compute/networking momentum, and emerging recovery in non-AI semi units. The October quarter outlook was mixed at $14.0B, above our $13.6B... More

Samsara Inc (IOT) PT Raised to $49 at RBC Capital

September 6, 2024 6:20 AM EDT

RBC Capital analyst Matthew Hedberg raised the price target on Samsara Inc (NYSE: IOT) to $49.00 (from $47.00) while maintaining a Outperform rating.

The analyst comments "Samsara reported another quarter of consistently strong results with a beat and raise as revenue impressively hasn't decelerated for a... More

Docusign Inc. (DOCU) PT Raised to $57 at RBC Capital

September 6, 2024 6:18 AM EDT

RBC Capital analyst Rishi Jaluria raised the price target on Docusign Inc. (NASDAQ: DOCU) to $57.00 (from $52.00) while maintaining a Sector Perform rating.

The analyst comments "DocuSign reported decent Q2 results, leading shares up 1% after-hours. Q2 results were decent, marked by stable... More

Samsara Inc (IOT) PT Raised to $47 at BofA Securities

September 6, 2024 6:11 AM EDT

BofA Securities analyst Matt Bulllock raised the price target on Samsara Inc (NYSE: IOT) to $47.00 (from $45.00) while maintaining a Buy rating.

The analyst comments "Leading internet of things (IoT) software provider Samsara delivered impressive 2Q results, beating top and bottom-line expectations and raising... More

Bernstein SocGen Group Reiterates Outperform Rating on Broadcom Limited (AVGO)

September 6, 2024 6:02 AM EDT

Bernstein SocGen Group analyst Stacy Rasgon reiterated an Outperform rating and $195.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Nevertheless under the lid things are still simmering here. The non-AI semi businesses at least appear to have bottomed (some... More

UiPath Inc. (PATH) PT Raised to $18 at BofA Securities

September 6, 2024 5:44 AM EDT

BofA Securities analyst Brad Sills raised the price target on UiPath Inc. (NYSE: PATH) to $18.00 (from $16.00) while maintaining a Neutral rating.

The analyst comments "UiPath reported better Q2 results, with revenue and ARR upside driven by somewhat better execution. Revenue growth of 10%,... More

Piper Sandler Reiterates Overweight Rating on Broadcom Limited (AVGO)

September 6, 2024 5:40 AM EDT

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $200.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Broadcom reported solid results that largely met street expectations. In our opinion, the key takeaway from the call was that AI... More

Cantor Fitzgerald Reiterates Overweight Rating on Broadcom Limited (AVGO), 'shares remain a Top Pick'

September 6, 2024 5:40 AM EDT

Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $200.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "While Broadcom raised its AI revenue outlook as expected for all of FY24 (to $12B from $11B), management only raised its FY24 revenue outlook to $51.5B (below our/buyside outlook for $51.75B+) resulting in a modest miss for the October Q guide ($14.0B vs. consensus of $14.1B and our previewed $14.2B+). Under the covers, however, investors should walk away encouraged by todays report.... More

Broadcom Limited (AVGO) PT Raised to $210 at JPMorgan, 'remains our top pick in semiconductors'

September 6, 2024 5:39 AM EDT

JPMorgan analyst Harlan Sur raised the price target on Broadcom Limited (NASDAQ: AVGO) to $210.00 (from $200.00) while maintaining a Overweight rating.

The analyst comments "Broadcom delivered better Jul-Qtr results on continued Q/Q growth in its AI semiconductor segment (up 3-4% Q/Q), start of Q/Q cyclical recovery in server/ storage and traditional networking segments, and strong VMware business, offset by weaker trends in broadband/industrial. These growth dynamics are expected to accelerate into the Oct-Qtr (AI semis up 10% Q/Q, non-AI semis up 10% Q/Q) , 25%+ Q/Q growth in VMWare) and the... More

UiPath Inc. (PATH) PT Raised to $16 at Evercore ISI

September 6, 2024 5:37 AM EDT

Evercore ISI analyst Kirk Materne raised the price target on UiPath Inc. (NYSE: PATH) to $16.00 (from $13.00) while maintaining a In Line rating.

The analyst comments "Bottom line: PATH delivered strong F2Q results, headlined by ARR of $1,551mn (+19%) vs. our/Street expectations of... More

Samsara Inc (IOT) PT Raised to $42 at Evercore ISI

September 6, 2024 5:37 AM EDT

Evercore ISI analyst Kirk Materne raised the price target on Samsara Inc (NYSE: IOT) to $42.00 (from $40.00) while maintaining a In Line rating.

The analyst comments "Bottom line: Samsara delivered another impressive quarter outpacing our/Street estimates across the board, with total revenue coming in ~3.9% above the mid-point of the guidance at $300mn (+37%). Importantly, net new ARR came in... More

Broadcom Limited (AVGO) PT Raised to $190 at Goldman Sachs

September 6, 2024 5:31 AM EDT

Goldman Sachs analyst Toshiya Hari raised the price target on Broadcom Limited (NASDAQ: AVGO) to $190.00 (from $185.00) while maintaining a Buy rating.

The analyst comments "Although Broadcoms AI Semiconductor business fell shy of investor expectations (i.e. FY3Q revenue was flattish... More

Samsara Inc (IOT) PT Raised to $45 at Goldman Sachs

September 6, 2024 5:29 AM EDT

Goldman Sachs analyst Kash Rangan raised the price target on Samsara Inc (NYSE: IOT) to $45.00 (from $44.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating while raising our Price Target to $45 (from $44) following Samsaras F2Q25 earnings. Keeping with prior quarters, Samsara outperformed Consensus (FactSet) on ARR (+1%), Revenue (+4%), Operating... More

Citi Reiterates Buy Rating on Broadcom Limited (AVGO)

September 6, 2024 5:25 AM EDT

Citi analyst Christopher Danely reiterated a Buy rating and $175.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Yesterday, Broadcom reported above-Consensus results due to strength from its AI business and VMware, but guided F4Q24 gross margin lower due to... More

Samsara Inc (IOT) PT Raised to $46 at TD Cowen

September 6, 2024 5:20 AM EDT

TD Cowen analyst J. Derrick Wood raised the price target on Samsara Inc (NYSE: IOT) to $46.00 (from $45.00) while maintaining a Buy rating.

The analyst comments "IOT delivered a strong 2Q w/ 37% rev growth (no Q/Q deceleration) above Street at 32%, w/ upside coming... More

Mizuho Reiterates Neutral Rating on UiPath Inc. (PATH)

September 6, 2024 5:19 AM EDT

Mizuho analyst Siti Panigrahi reiterated a Neutral rating and $14.00 price target on UiPath Inc. (NYSE: PATH).

The analyst comments "FQ2's revenue was ahead of consensus expectations (a $14M beat vs $3M beat in FQ1) as management pointed to better execution despite... More

Samsara Inc (IOT) PT Raised to $40 at Truist Securities

September 6, 2024 5:08 AM EDT

Truist Securities analyst Junaid Siddiqui raised the price target on Samsara Inc (NYSE: IOT) to $40.00 (from $35.00) while maintaining a Hold rating.

The analyst comments "IOT delivered strong execution in its 2Q25 with upside to our and Street expectations for ARR, its key... More

UiPath Inc. (PATH) PT Raised to $15 at DA Davidson

September 6, 2024 5:07 AM EDT

DA Davidson analyst Gil Luria raised the price target on UiPath Inc. (NYSE: PATH) to $15.00 (from $13.00) while maintaining a Neutral rating.

The analyst comments "We are maintaining our NEUTRAL rating on UiPath following a F2Q25 which demonstrated early success in the company's... More

Docusign Inc. (DOCU) PT Raised to $87 at Citi

September 6, 2024 5:02 AM EDT

Citi analyst Tyler Radke raised the price target on Docusign Inc. (NASDAQ: DOCU) to $87.00 (from $86.00) while maintaining a Buy rating.

The analyst comments "A small billings beat but a larger revenue and profitability beat/raise offered more signs of validation that Docusign continues to... More