After-hours movers: NVIDIA, Snowflake, Palo Alto Networks and more

Snowflake Inc. (SNOW) PT Raised to $225 at Citi

Citi analyst Tyler Radke raised the price target on Snowflake Inc. (NYSE: SNOW) to $225.00 (from $183.00) while maintaining a Buy rating.

The analyst comments "It was a redemption quarter for Snowflake as the company delivered robust top-line outperfomance, accelerating bookings strength, ramping new product... More

NVIDIA (NVDA) PT Raised to $180 at Wolfe Research

Wolfe Research analyst Chris Caso raised the price target on NVIDIA (NASDAQ: NVDA) to $180.00 (from $150.00) while maintaining a Outperform rating.

The analyst comments "Reiterate Outperform rating, $180 price target. Our $180 price target is based on ~42x our CY25 EPS of $4.26, modestly above... More

NVIDIA (NVDA) PT Raised to $175 at Craig-Hallum

Craig-Hallum analyst Richard Shannon raised the price target on NVIDIA (NASDAQ: NVDA) to $175.00 (from $165.00) while maintaining a Buy rating.

The analyst comments "NVDAs Jan-25 guide didnt provide the upside investors may have been hoping for, and GM outlook for a... More

Snowflake Inc. (SNOW) PT Raised to $188 at Monness, Crespi, Hardt

Monness, Crespi, Hardt analyst Brian White raised the price target on Snowflake Inc. (NYSE: SNOW) to $188.00 (from $140.00) while maintaining a Buy rating.

The analyst comments "Snowflake, Inc. (SNOW Buy $129.12): Worthy of a Rally. Last night, Snowflake reported strong 3Q:FY25 upside, issued... More

Snowflake Inc. (SNOW) PT Raised to $180 at Jefferies

Jefferies analyst Brent Thill raised the price target on Snowflake Inc. (NYSE: SNOW) to $180.00 (from $145.00) while maintaining a Buy rating.

The analyst comments "SNOW delivered a strong Q with a record-setting beat and raise and RPO growth accel to 55% y/y... More

NVIDIA (NVDA) PT Raised to $135 at DA Davidson

DA Davidson analyst Gil Luria raised the price target on NVIDIA (NASDAQ: NVDA) to $135.00 (from $90.00) while maintaining a Neutral rating.

The analyst comments "We maintain our NEUTRAL rating and raise our price target to $135 from $90 on NVIDIA following solid results that were underscored... More

Itau BBA on NVIDIA (NVDA): 'we see no reason for the bulls to get shy after this quarter'

Itau BBA analyst Thiago Kapulskis reiterated an Outperform rating and $164.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "All-in, we see no reason for the bulls to get shy after this quarter. The EPS momentum remains, and it appears that the... More

Palo Alto Networks (PANW) PT Raised to $432 at Citi

Citi analyst Fatima Boolani raised the price target on Palo Alto Networks (NASDAQ: PANW) to $432.00 (from $395.00) while maintaining a Buy rating.

The analyst comments "Solid RPO/cRPO/ARR performance ahead of expectations, paired with slight revs (all product-driven) and modest EBIT upside... More

William Blair Reiterates Outperform Rating on NVIDIA (NVDA)

William Blair analyst Sebastien Naji reiterated an Outperform rating on NVIDIA (NASDAQ: NVDA).

The analyst comments "All Eyes on Blackwell. Having addressed its mask issue for Blackwell, Nvidia saw minimal contribution from its new generation of chips in the third quarter (13,000 sample... More

NVIDIA (NVDA) PT Raised to $220 at Rosenblatt

Rosenblatt analyst Hans Mosesmann raised the price target on NVIDIA (NASDAQ: NVDA) to $220.00 (from $200.00) while maintaining a Buy rating.

The analyst comments "Nvidia delivered a solid beat and raise for the October quarter and January quarter outlook on stronger than expected Hopper demand, with a Blackwell... More

Jack In The Box (JACK) PT Lowered to $65 at RBC Capital

RBC Capital analyst Logan Reich lowered the price target on Jack In The Box (NASDAQ: JACK) to $65.00 (from $70.00) while maintaining a Outperform rating.

The analyst comments "JACKs 4Q25 report and initial FY25 guidance were below expectations, but we think the... More

Rosenblatt Upgrades Palo Alto Networks (PANW) to Buy (correction)

(Updated - November 21, 2024 7:08 AM EST)

Rosenblatt analyst Catherine Trebnick upgrades Palo Alto Networks (NASDAQ: PANW) to Buy from Neutral with a $430 price target.

The analyst comments "We are upgrading Palo Alto Networks to Buy (from Neutral) with a price target of... More

Cantor Fitzgerald Reiterates Overweight Rating on NVIDIA (NVDA), Top Pick

Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $175.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "While October Q revenues came in above buyside expectations ($35.1B vs. cons $33.0B and buyside $34.5B), the January Q revenue guide came in modestly below ($37.5B vs. cons $36.5B and buyside $38B+). Coupled with April Q gross margins guided to ~71-72.5% in support of the initial Blackwell ramp (below consensus of 73.2%) and shares traded off modestly overnight. As for the good to great news, the Blackwell cycle is... More

Snowflake Inc. (SNOW) PT Raised to $200 at Needham

Needham analyst Mike Cikos raised the price target on Snowflake Inc. (NYSE: SNOW) to $200.00 (from $160.00) while maintaining a Buy rating.

The analyst comments "Snowflake reported a solid quarter, where strong results and positive leading indicators caused us to raise our estimates and Price... More

NVIDIA (NVDA) PT Raised to $160 at Needham

Needham analyst Rajvindra Gill raised the price target on NVIDIA (NASDAQ: NVDA) to $160.00 (from $145.00) while maintaining a Buy rating.

The analyst comments "NVIDIA delivered another strong beat and raise quarter, with results well above our estimates but guidance below more bullish buy-side expectations.... More

NVIDIA (NVDA) PT Raised to $195 at Melius

Melius analyst Ben Reitzes raised the price target on NVIDIA (NASDAQ: NVDA) to $195.00 (from $185.00) while maintaining a Buy rating.

The analyst comments "Raising Estimates Due to Higher Revenues: To reflect further optimism around Blackwell, including a greater than expected contribution near-term, we are raising estimates again. For 4Q25, we now estimate revenues of $38.0B (was... More

Palo Alto Networks (PANW) PT Lowered to $421 at Goldman Sachs

Goldman Sachs analyst Gabriela Borges lowered the price target on Palo Alto Networks (NASDAQ: PANW) to $421.00 (from $425.00) while maintaining a Buy rating.

The analyst comments "Palo Alto is indicated down 6% on mixed 1QFY results: Revenue was 1% above the Street, NGS ARR was 2%... More

Jack In The Box (JACK) PT Lowered to $43 at Goldman Sachs

Goldman Sachs analyst Christine Cho lowered the price target on Jack In The Box (NASDAQ: JACK) to $43.00 (from $47.00) while maintaining a Sell rating.

The analyst comments "JACK reported F4Q24 earnings of $1.16, ahead of GS/Visible Alpha consensus estimates of $1.04/$1.11, mainly driven by lower-than-expected G&A spending offsetting lower... More

Palo Alto Networks (PANW) PT Raised to $435 at DA Davidson

DA Davidson analyst Rudy Kessinger raised the price target on Palo Alto Networks (NASDAQ: PANW) to $435.00 (from $415.00) while maintaining a Buy rating.

The analyst comments "FQ1 results were nicely ahead on all guided metrics, including NGS ARR & Total RPOs. CRPOs... More

Snowflake Inc. (SNOW) PT Raised to $200 at DA Davidson

DA Davidson analyst Gil Luria raised the price target on Snowflake Inc. (NYSE: SNOW) to $200.00 (from $175.00) while maintaining a Buy rating.

The analyst comments "We reiterate our BUY rating and raise our price target from $175 to $200 following strong 3Q25 earnings that were underscored... More

NVIDIA (NVDA) PT Raised to $165 at Goldman Sachs

Goldman Sachs analyst Toshiya Hari raised the price target on NVIDIA (NASDAQ: NVDA) to $165.00 (from $150.00) while maintaining a Conviction Buy rating.

The analyst comments "Nvidia beat FY3Q (Oct) revenue and non-GAAP EPS Street expectations by 6% and 8%, respectively, as strength in Data Center Compute (+22% qoq vs.... More

NVIDIA (NVDA) PT Raised to $175 at Bernstein SocGen Group

Bernstein SocGen Group analyst Stacy Rasgon raised the price target on NVIDIA (NASDAQ: NVDA) to $175.00 (from $155.00) while maintaining a Outperform rating.

The analyst comments "NVIDIA's FQ3 results were very solid ($35,082M/$0.81 vs Street at $33,250M/$0.74) with record Datacenter revenues at ~$30.8B (Street at ~$29.1B) amid continued strong demand for their Hopper products, with H200 growing to double-digit billions. All other segments were also above expectations, particularly Automotive. FQ4 guidance was a tad above Street ($37.5B/~$0.83 vs Street $37.1B/$0.82) with sequential growth largely driven by continued... More

Goldman Sachs Reiterates Conviction Buy Rating on Snowflake Inc. (SNOW)

Goldman Sachs analyst Kash Rangan reiterated a Conviction Buy rating and $220.00 price target on Snowflake Inc. (NYSE: SNOW)

The analyst comments "We reiterate our Buy rating and $220 Price Target on Snowflake (on CL) following impressive F3Q results that augment our conviction the company can sustain mid-20s revenue growth at a $4B revenue scale while delivering 25% FCF margins, representing the top decile in software and rightfully supporting the... More

Palo Alto Networks (PANW) PT Raised to $414 at BTIG

BTIG analyst Gray Powerll raised the price target on Palo Alto Networks (NASDAQ: PANW) to $414.00 (from $395.00) while maintaining a Buy rating.

The analyst comments "PANW posted mixed FQ125 results with solid headline metrics relative to guided KPIs and a fractionally increased full-year revenue outlook. But underlying trends like current billings were a little soft. And admittedly, we left the call confused by the exact contribution of... More

BTIG Reiterates Neutral Rating on Snowflake Inc. (SNOW)

BTIG analyst Gray Powell reiterated a Neutral rating on Snowflake Inc. (NYSE: SNOW).

The analyst comments "SNOW delivered strong FQ3 results and increased its outlook for FY25. Most notably, SNOW posted product revenue of $900MM / +28.9% y/y compared to our $853MM / 22.1% est. (Street $849MM). This was well above the upside scenario of $880MM previewed on 11/19 and most likely well above buy-side expectations. In... More

Snowflake Inc. (SNOW) PT Raised to $190 at Evercore ISI

Evercore ISI analyst Kirk Materne raised the price target on Snowflake Inc. (NYSE: SNOW) to $190.00 (from $170.00) while maintaining a Outperform rating.

The analyst comments "SNOW delivered a strong beat-and-raise quarter with product revenue of $900mn (+29%) coming in ahead of our/Street expectations of +21.5% / +22.5% and operating margins 6% vs. our/Street expectations of 3.4% / 3.2%. Perhaps... More

Evercore ISI Reiterates Outperform Rating on Palo Alto Networks (PANW)

Evercore ISI analyst Peter Levine reiterated an Outperform rating and $455.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "PANW delivered a solid quarter that checked off most of the boxes. If this cadence of beats continues throughout the year across rev, NGS, and RPO, combined with potential product upside, along with much easier comps in the 2H, the reacceleration narrative plays out. That being said, with PANW, there always seems to be something new that warrants a debate and this quarter it will be: 1) billings and 2)... More