After-hours movers: Ford, V.F. Corp, F5 Networks, Cadence Design and more

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Williams Trading Reiterates Buy Rating on Boot Barn (BOOT)

October 29, 2024 6:40 AM EDT

Williams Trading analyst Sam Poser reiterated a Buy rating and $173.00 price target on Boot Barn (NYSE: BOOT)

The analyst comments "Buy BOOT. The long term story remains in place, even with the CEO's departure. 2Q25 SSS, revenue, and gross margin exceeded... More

F5 Networks (FFIV) PT Raised to $240 at RBC Capital

October 29, 2024 6:33 AM EDT

RBC Capital analyst Matthew Hedberg raised the price target on F5 Networks (NASDAQ: FFIV) to $240.00 (from $205.00) while maintaining a Sector Perform rating.

The analyst comments "F5 closed out its FY on a solid note, with top-line and bottom-line metrics coming ahead of consensus... More

Boot Barn (BOOT) PT Raised to $181 at JPMorgan

October 29, 2024 6:23 AM EDT

JPMorgan analyst Matthew Boss raised the price target on Boot Barn (NYSE: BOOT) to $181.00 (from $160.00) while maintaining a Overweight rating.

The analyst comments "BOOT reported 2Q (Sept-end) EPS of $0.95 (above mgmts $0.81-$0.87 guide) with +4.9% same-store-sales (> Consensus +3.4%) and +10bps gross margin expansion to 35.9% (> Street 35.7%) translating to a... More

VF Corp. (VFC) PT Raised to $17 at JPMorgan

October 29, 2024 6:22 AM EDT

JPMorgan analyst Matthew Boss raised the price target on VF Corp. (NYSE: VFC) to $17.00 (from $16.00) while maintaining a Neutral rating.

The analyst comments "Looking ahead to 3Q25 management guided reported revenue down 1%-3% Y/Y inclusive of a 100bps FX headwind (below Street revenues +0.4%), and operating income in the range of $170-200M, equating to 3Q25 EPS of ~$0.30 (or ~40% below the Street at... More

Goldman Sachs Reiterates Neutral Rating on F5 Networks (FFIV)

October 29, 2024 6:17 AM EDT

Goldman Sachs analyst Michael Ng reiterated a Neutral rating and $241.00 price target on F5 Networks (NASDAQ: FFIV).

The analyst comments "FFIVs F4Q24 EPS of $3.67 beat GS/consensus of $3.45/$3.45 driven by software-driven revenue beat ($228 mn v. GSe: $202 mn), which more than offset a modest miss on Systems and Services revenue. Gross margins and EBIT margins were in-line. The... More

Ford (F) PT Lowered to $10 at Deutsche Bank

October 29, 2024 6:13 AM EDT

Deutsche Bank analyst Edison Yu lowered the price target on Ford (NYSE: F) to $10.00 (from $11.00) while maintaining a Hold rating.

The analyst comments "Ford reported mostly in-line 3Q results but sees the full-year now at low-end of prior guidance, implying a weak 4Q, blaming... More

Jefferies Reiterates Buy Rating on Boot Barn (BOOT)

October 29, 2024 6:08 AM EDT

Jefferies analyst Corey Tarlowe reiterated a Buy rating and $170.00 price target on Boot Barn (NYSE: BOOT).

The analyst comments "BOOT announced that CEO Jim Conroy is to transition into the role as new CEO of ROST (see note here.) Despite the change,... More

VF Corp. (VFC) PT Raised to $21 at Jefferies

October 29, 2024 6:08 AM EDT

Jefferies analyst Ashley Helgans raised the price target on VF Corp. (NYSE: VFC) to $21.00 (from $20.00) while maintaining a Hold rating.

The analyst comments "Q2's strong beat came as a surprise given mgmt commentary, Q1 trends, and mixed alt data. Co.... More

F5 Networks (FFIV) PT Raised to $225 at Jefferies

October 29, 2024 6:08 AM EDT

Jefferies analyst George Notter raised the price target on F5 Networks (NASDAQ: FFIV) to $225.00 (from $200.00) while maintaining a Hold rating.

The analyst comments "Strong Results September quarter sales totaled $747m (Street = $730m) while EPS results of $3.67 came in well ahead of Street views... More

VF Corp. (VFC) PT Raised to $22 at Evercore ISI

October 29, 2024 6:06 AM EDT

Evercore ISI analyst Michael Binetti raised the price target on VF Corp. (NYSE: VFC) to $22.00 (from $16.00) while maintaining a In Line rating.

The analyst comments " F2Q25 EPS $0.60 Topped Street Estimates at $0.38: With a backdrop of growing negative sentiment, were... More

F5 Networks (FFIV) PT Raised to $240 at Evercore ISI

October 29, 2024 6:05 AM EDT

Evercore ISI analyst Amit Daryanani raised the price target on F5 Networks (NASDAQ: FFIV) to $240.00 (from $210.00) while maintaining a In Line rating.

The analyst comments "Net/Net: FFIV is benefiting from its transition from a hardware centric to software centric company, and coupled... More

TransMedics Group (TMDX) PT Lowered to $125 at Oppenheimer

October 29, 2024 6:04 AM EDT

Oppenheimer analyst Suraj Kalia lowered the price target on TransMedics Group (NASDAQ: TMDX) to $125.00 (from $200.00) while maintaining a Outperform rating.

The analyst comments "TransMedics reported 3Q24 revs. of $108.8M, below our/consensus $117.1M/$115.0M estimates. In Q3, our calculated US transplant shares were 21%/27%/4%... More

Stifel Reiterates Buy Rating on Cadence Designs (CDNS)

October 29, 2024 5:56 AM EDT

Stifel analyst Ruben Roy reiterated a Buy rating and $350.00 price target on Cadence Designs (NASDAQ: CDNS)

The analyst comments "3Q results beat management guidance across all key metrics with revenue up 18.8% y/y and 14.6% q/q. While CDNS raised its FY2024 EPS outlook modestly to... More