Dropbox (DBX) signed a senior secured revolving credit facility with a group of lenders for up to $400 million in borrowing capacity and launched a buyback program for up to $900 million of its Class A common shares, the company said Monday.
Proceeds from the facility may be used for general corporate purposes, including share buybacks, Dropbox said.
Shares of Dropbox were up more than 6% in Monday trading.
Price: $28.41, Change: $+1.53, Percent Change: +5.69%
Deere & Company (DE) sees roadbuilding and processing equipment as notable market share opportunities, complementing its 2017 acquisition of Wirtgen, which added roadbuilding and mineral processing offerings to its legacy earthmoving lineup, RBC Capital Markets said in a note.Deere's increased use of automation across the Wirtgen family of companies is meant to address roadbuilding customers' challenges, namely limited availability of skilled labor, increased input costs, safety concerns, and increasing documentation requirements, according to the Sunday note.RBC further said that the opportunity ahead with mineral processing is significant, with the space highly fragmented globally and no dominant player.RBC maintained its outperform rating on Deere with a $752 price target.Price: $534.59, Change: $-7.59, Percent Change: -1.40%
Via Transportation (VIA) shares are too cheap to ignore, and the firm has the ability to exceed $1 billion in total revenue in four years, Oppenheimer said in a Monday note.The report pointed among others to durability of core transit software modernization, faster growth optionality in several adjacent markets, and strong gross retention.The company also has good gross and operating margin drivers with AI Labs, the note added."Via Transportation is one of the most defensible SMiD-Cap software business in the AI transition," Oppenheimer said, keeping its outperform rating and a $25 price target.Price: $16.10, Change: $+0.86, Percent Change: +5.68%
Dell Technologies (DELL) is managing the semiconductor supply chain shortage better than peers, which is helping capture mission critical demand and drive share gains, pricing power, and "unprecedented" earnings growth, Morgan Stanley said in a Monday research report.These factors are more than offsetting input cost inflation and margin headwinds, but the duration of the ongoing growth momentum remains uncertain as channel checks indicate mixed core growth, analysts wrote.The brokerage said its renewed view of the company is also attributable to the company's expectations of exiting fiscal 2027 with demand outpacing supply amid clear pull-forward from large enterprises, according to the note.The brokerage said it upgraded the stock to equalweight from underweight and boosted its price target to $448 per share from $170.Price: $460.88, Change: $+39.97, Percent Change: +9.50%