After-hours movers: HPE, lululemon, Ulta Beauty, Docusign and more

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HP Enterprise (HPE) PT Raised to $24 at Loop Capital

December 9, 2024 7:34 AM EST

Loop Capital analyst Ananda Baruah raised the price target on HP Enterprise (NYSE: HPE) to $24.00 (from $18.00) while maintaining a Hold rating.

The analyst comments "We are raising our revenue estimates based on Roku's successful integration into TTD and raising our PT... More

ULTA Beauty (ULTA) PT Raised to $480 at Loop Capital

December 9, 2024 7:32 AM EST

Loop Capital analyst Anthony Chukumba raised the price target on ULTA Beauty (NASDAQ: ULTA) to $480.00 (from $450.00) while maintaining a Buy rating.

The analyst comments "Ulta Beautys F3Q 2024 results were highly encouraging in our view, including a return to positive comparable sales growth,... More

Lululemon Athletica Inc. (LULU) PT Raised to $396 at Deutsche Bank

December 9, 2024 3:58 AM EST

Deutsche Bank analyst Krisztina Katai raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $396.00 (from $292.00) while maintaining a Hold rating.

The analyst comments "With sentiment already improving intra-quarter, LULU's 3Q print gave further indication that the worst could be over, as Americas... More

'Onwards and upwards': This retailer likely hit the bottom, Bernstein notes

December 6, 2024 1:30 PM EST

One activewear retailer appears to have hit the bottom in its Americas business, setting the stage for growth in early 2024, according to Bernstein.

Bernstein told investors in a note Friday that Lululemon Athletica's (NASDAQ: LULU) companys Q3 results delivered a small beat with a big stock reaction, driven by easing concerns and optimism for fiscal 2025 and beyond.

Americas growth has... More

Lululemon Athletica Inc. (LULU) PT Raised to $376 at CFRA

December 6, 2024 9:26 AM EST

CFRA analyst Zachary Warring raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $376.00 (from $280.00) while maintaining a Hold rating.

The analyst comments "We raise our 12-month price target by $96 to $376, based on 23.5x our FY 26 (Jan.) EPS estimate and below the... More

Rubrik Inc (RBRK) PT Raised to $72 at Goldman Sachs

December 6, 2024 7:55 AM EST

Goldman Sachs analyst Kash Rangan raised the price target on Rubrik Inc (NYSE: RBRK) to $72.00 (from $48.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating and raise our Price Target to $72 (from $48) following Rubriks strong F3Q results that saw outperformance on all key metrics vs. Consensus. The PT adjustment is... More

Citi Upgrades HP Enterprise (HPE) to Buy

December 6, 2024 7:25 AM EST

Citi analyst Asiya Merchant upgraded HP Enterprise (NYSE: HPE) from Neutral to Buy with a price target of $26.00 (from $23.00).

The analyst comments "We upgrade HPE to Buy from Neutral as we expect the company to benefit from improving demand in mainstream server and enterprise... More

Lululemon Athletica Inc. (LULU) PT Raised to $438 at Stifel

December 6, 2024 6:57 AM EST

Stifel analyst Jim Duffy raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $438.00 (from $370.00) while maintaining a Buy rating.

The analyst comments "FY3Q was a high-quality revenue and EPS beat to consensus (+$39mn/+$0.16), featuring gross margin upside and clean... More

ULTA Beauty (ULTA) PT Raised to $455 at Stifel

December 6, 2024 6:56 AM EST

Stifel analyst Mark Astrachan raised the price target on ULTA Beauty (NASDAQ: ULTA) to $455.00 (from $395.00) while maintaining a Hold rating.

The analyst comments "We continue to see more upside than downside for ULTA shares following better-than-expected F3Q24 results with comp... More

Lululemon Athletica Inc. (LULU) PT Raised to $420 at Truist Securities

December 6, 2024 6:54 AM EST

Truist Securities analyst Scot Ciccarelli raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $420.00 (from $360.00) while maintaining a Buy rating.

The analyst comments "LULU was up HSD% AMC. Its US business appears to be stabilizing as they introduce more newness into their... More

ULTA Beauty (ULTA) PT Raised to $459 at Deutsche Bank

December 6, 2024 6:51 AM EST

Deutsche Bank analyst Krisztina Katai raised the price target on ULTA Beauty (NASDAQ: ULTA) to $459.00 (from $446.00) while maintaining a Buy rating.

The analyst comments "There was a considerable level of uncertainty regarding ULTA's 3Q print, which the company easily laid to rest with its positive SSS inflection and profitability upside.... More

Lululemon Athletica Inc. (LULU) PT Raised to $360 at UBS

December 6, 2024 6:44 AM EST

UBS analyst Jay Sole raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $360.00 (from $315.00) while maintaining a Neutral rating.

The analyst comments "A pivotal LULU question is if its Americas sales growth rate can return to its historical levels and drive... More

Docusign Inc. (DOCU) PT Raised to $100 at UBS

December 6, 2024 6:43 AM EST

UBS analyst Karl Keirstead raised the price target on Docusign Inc. (NASDAQ: DOCU) to $100.00 (from $60.00) while maintaining a Neutral rating.

The analyst comments "After two straight quarters of mixed results, motivating us to trim our revs/billings estimates, DocuSign posted a stronger quarter,... More

Rubrik Inc (RBRK) PT Raised to $70 at Cantor Fitzgerald

December 6, 2024 6:38 AM EST

Cantor Fitzgerald analyst Jonathan Ruykhaver raised the price target on Rubrik Inc (NYSE: RBRK) to $70.00 (from $58.00) while maintaining a Overweight rating.

The analyst comments "We reiterate our Overweight rating and increase our 12-month price target to $70 from $58 post beat-&-raise F3Q25.... More

Edgewater Out Positive on Ulta Beauty (ULTA), 'Q4 QTD Trends Encouraging'

December 6, 2024 6:33 AM EST

Edgewater Out Positive on Ulta Beauty (NASDAQ: ULTA)

"Sequential Improvement in Business Drives EPS Upside, Q4 QTD Trends Encouraging, With Some Reservation as the Operating Environment Remains 'Dynamic'"... More

Lululemon Athletica Inc. (LULU) PT Raised to $430 at BTIG

December 6, 2024 6:30 AM EST

BTIG analyst Janine Stichter raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $430.00 (from $360.00) while maintaining a Buy rating.

The analyst comments "Q3 beat on revenues and GM, while '24 guidance was raised, with Q4 guided in-line. All year, investors have... More

ULTA Beauty (ULTA) PT Raised to $396 at Goldman Sachs

December 6, 2024 6:25 AM EST

Goldman Sachs analyst Kate McShane raised the price target on ULTA Beauty (NASDAQ: ULTA) to $396.00 (from $373.00) while maintaining a Neutral rating.

The analyst comments "Following ULTA's 3Q earnings beat and raised FY24 guidance, along with improved commentary around prestige market share, the... More

ULTA Beauty (ULTA) PT Raised to $510 at DA Davidson

December 6, 2024 6:24 AM EST

DA Davidson analyst Michael Baker raised the price target on ULTA Beauty (NASDAQ: ULTA) to $510.00 (from $435.00) while maintaining a Buy rating.

The analyst comments "ULTA reported a beat across the board, driven by strength in fragrance and skincare. The implied fourth... More

Docusign Inc. (DOCU) PT Raised to $115 at Jefferies

December 6, 2024 6:17 AM EST

Jefferies analyst Brent Thill raised the price target on Docusign Inc. (NASDAQ: DOCU) to $115.00 (from $95.00) while maintaining a Buy rating.

The analyst comments "DOCU delivered a clean beat and raise as both top line and billings growth accelerated to 8% and 9%, driven by early... More

Asana (ASAN) PT Raised to $16 at Jefferies

December 6, 2024 6:16 AM EST

Jefferies analyst Brent Thill raised the price target on Asana (NYSE: ASAN) to $16.00 (from $13.00) while maintaining a Hold rating.

The analyst comments "Rev beat St. by $3M, at upper end of $1-4M in last 8 Qs. There are signs of... More

Lululemon Athletica Inc. (LULU) PT Raised to $400 at Raymond James

December 6, 2024 6:11 AM EST

Raymond James analyst Rick Patel raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $400.00 (from $355.00) while maintaining a Outperform rating.

The analyst comments "Following the 3Q beat, we view LULUs attractive and long-duration growth drivers (mainly international and mens)... More

ULTA Beauty (ULTA) PT Raised to $495 at Raymond James

December 6, 2024 6:04 AM EST

Raymond James analyst Olivia Tong raised the price target on ULTA Beauty (NASDAQ: ULTA) to $495.00 (from $430.00) while maintaining a Outperform rating.

The analyst comments "ULTA raised its FY outlook after reporting a better than expected F3Q, with comps inflecting... More

Asana (ASAN) PT Raised to $16 at Citi

December 6, 2024 5:04 AM EST

Citi analyst Steven Enders raised the price target on Asana (NYSE: ASAN) to $16.00 (from $13.00) while maintaining a Neutral rating.

The analyst comments "ASAN reported a better Q3 with a 1.8% topline beat (vs. 0.7% last q) and +6pt OM beat, with pockets of vertical strength... More

ULTA Beauty (ULTA) PT Raised to $450 at Citi

December 6, 2024 5:03 AM EST

Citi analyst Susan Anderson raised the price target on ULTA Beauty (NASDAQ: ULTA) to $450.00 (from $390.00) while maintaining a Neutral rating.

The analyst comments "3Q EPS $5.14 beat cons $4.51 driven by stronger comps/GM/lower SG&A. The 3Q comp inflection came sooner than market... More

Docusign Inc. (DOCU) PT Raised to $113 at Citi

December 6, 2024 5:02 AM EST

Citi analyst Tyler Radke raised the price target on Docusign Inc. (NASDAQ: DOCU) to $113.00 (from $87.00) while maintaining a Buy rating.

The analyst comments "DOCU posted a very strong 3Q beat-and-raise quarter across the board, delivering a 5-pt billings beat along with re-accelerating subscription... More

Lululemon Athletica Inc. (LULU) PT Raised to $380 at Citi

December 6, 2024 5:01 AM EST

Citi analyst Paul Lejuez raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $380.00 (from $270.00) while maintaining a Neutral rating.

The analyst comments "3Q sales/EPS beat cons based on stronger intl sales/GM. While Americas comp of -2% was... More

Rubrik Inc (RBRK) PT Raised to $75 at Citi

December 6, 2024 5:01 AM EST

Citi analyst Fatima Boolani raised the price target on Rubrik Inc (NYSE: RBRK) to $75.00 (from $48.00) while maintaining a Buy rating.

The analyst comments "A top-to-bottom exceptional F3Q featured rare-to-see 38% ARR YoY with underlying NNARR 19% YoY (42% beat vs. Street), total revs 43%... More