Financial News · Live Terminal

Page 68 of 307

Mizuho Upgrades Federal Realty Investment Trust to Outperform From Neutral, Adjusts PT to $130 From $121

Federal Realty Investment Trust (FRT) has an average rating of overweight and mean price target of $125.57, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$FRT

Research26d ago

Morgan Stanley Upgrades Dell Technologies to Equalweight From Underweight, Adjusts PT to $448 From $170

Dell Technologies (DELL) has an average rating of overweight and mean price target of $464.47, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$DELL

Research26d ago

Evercore ISI Upgrades CNO Financial to In Line From Underperform, Adjusts PT to $48 From $43

CNO Financial Group (CNO) has an average rating of hold and mean price target of $49.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$CNO

Research26d ago

Citigroup Upgrades Kohl's to Buy From Neutral, Adjusts Price Target to $22 From $14

Kohl's (KSS) has an average rating of hold and mean price target of $15.05, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$KSS

Research28d ago

Research Alert: CFRA Maintains Hold Rating On Shares Of Fortinet Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target price from $119 to $148 on a forward P/E of 42x our 2027 EPS projection of $3.40, below its three-year average. We increase our 2026 EPS projection to $3.15 from $3.13 and our 2027 EPS forecast to $3.45 from $3.40. We note rising enterprise AI tool consumption and agentic use from customers of software providers in earnings reports over the past month, signaling a shift from tool experimentation to deployment in production environments. This is expected to drive greater interest in new security tools to keep pace with rapid technology evolutions. We believe FTNT will be a beneficiary of cybersecurity spending as customers choose to consolidate with large vendors for reduced complexity when they expand their AI security capabilities. We also anticipate continued momentum with its FortiSASE and SecOps solutions from higher network traffic and the need for better visibility as attack surfaces expand.

$FTNT

Research28d ago

Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Mongodb, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our price target by $4 to $439, 71x our FY 27 (Jan.) EPS view. We raise our FY 27 EPS estimate by $0.27 to $6.18 and our FY 28 view by $0.14 to $7.39. MDB's Q1 came in modestly better than expected, with another strong bookings quarter driving RPO growth up by an impressive 88% Y/Y to $1.46B. AI volumes continue to accelerate but remain a small part of the overall business, with core enterprise workloads delivering the beat and modest guidance raise (MDB now expects 24% sales growth vs. a prior 22% view). We expect 2026 to be a significant scaling year for agentic workloads, and we continue to think investors are underestimating MDB's potential to see growth accelerate as it gains traction with AI natives and existing Fortune 500 customers evolve their AI offerings. We think Q1's results were a decent print that did enough to convince investors that FY 26's deceleration relates more to conservatism than AI competition/existentialism that has rocked the software space this year.

$MDB

Research28d ago

Research Alert: CFRA Maintains Buy Rating On Shares Of Okta Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price from $91 to $143 on a forward P/E of 37x our FY 27 (Jan.) EPS projection of $3.86, above its one-year average. We lift our FY 27 EPS estimate to $3.86 from $3.81 and our FY 28 EPS view to $4.26 from $4.22. OKTA reported solid Q1 FY 27 results, with revenue of $767M growing 12% Y/Y, driven by strength in large enterprises and newer product contributions. Large customers (>$100K ACV) now represent 85% of ACV, up from 80% previously, while customers with >$1M ACV grew meaningfully, reflecting successful focus on the enterprise segment. Management highlighted strong interest for Agentic Security solutions as organizations ramp Agentic use. While we are still early in monetization, we note a robust pipeline for Okta for AI agents and Auth0 for AI agents, and we expect AI-driven solutions to lift deal sizes and acceleration transactions ahead. Non-GAAP operating margin of 25% declined 200 bps Y/Y as the company expands growth investments.

$OKTA

Research28d ago

Research Alert: CFRA Maintains Buy Rating On Shares Of Lam Research Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our price target by $42 to $356, 33.5x our FY 28 EPS view ($10.63), above LRCX's three-year average (~20x) given growing AI tailwinds across logic/memory/packaging. We keep our FY 26 EPS view at $5.72, raise FY 27's by $0.17 to $8.25 and raise FY 28's by $0.18 to $10.63. Our target increase owes to strong results across the semi/semi equip space during this earnings cycle and growing hyperscaler capex forecasts, which is bumping up our WFE views (now expecting $155B in 2026 from a prior view of $140B). We also note a rapid pace of NAND price increases (up 5-10x YTD), creating a supportive pricing environment that should drive an improving outlook for utilization/upgrade spending as companies look to maximize existing cleanroom space. We remind investors that LRCX recently accelerated its $40B NAND upgrade spending forecast from "several years" to YE CY 27. Greenfield equipment sales will still need to wait for new fabs to be built (more of a FY 28 story), but upgrades offer faster revenue realization.

$LRCX

Research28d ago

Research Alert: CFRA Keeps Buy Opinion On Shares Of Costco Wholesale Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target by $5 to $1,130, about 48x our FY 27 (Aug.) EPS estimate of $23.55 (up from $22.68; FY 26 raised to $20.70 from $20.57). While this 48x multiple remains well above COST's long-term average of 37x, the premium relative to the broader market is somewhat less extreme. At approximately 2.2x the market multiple, COST trades below the peak relative valuation of 2.7x reached in early 2025. COST's quarter ultimately fell short of elevated expectations, which we attribute to: 1) decelerating paid member growth, which slowed to 4.1% from the 6%-7% range a year ago; and 2) greater-than-expected reinvestment, which impacted margins. Looking ahead, we believe increased international club openings should help reaccelerate paid member growth, while the company's burgeoning retail media business could provide a meaningful long-term margin tailwind. We see a special cash dividend looming with the company's cash balance at $20B (+35% Y/Y).

$COST

Research28d ago

Research Alert: CFRA Maintains Buy Rating On Autodesk, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target to $379 from $339, based on 27x our FY 28 EPS estimate, with our multiple representing a discount to three- and five-year historical averages of 28-31x, reflecting elevated AI competitive risks despite ADSK's strong defensive positioning. We maintain our FY 27 EPS estimate of $12.55, incorporating the Q1 beat but adjusting FY 28 downward to $14.05 from $14.40 for expected margin compression from MaintainX dilution. The company is executing well across all dimensions, with Q1 revenue up 18% Y/Y driven by AECO strength (+20%) and AutoCAD growth (+15%), while billings growth of 18% Y/Y signals solid forward momentum. We view near-term margin pressure from the acquisition as short-term pain for long-term gain, with MaintainX growing 50%+ and closing the design-make-operate loop with operational data that enhances AI capabilities. Cash generation remains robust, with Q1 operating cash flow of $893M (+58% Y/Y) and free cash flow of $876M (+58% Y/Y) demonstrating the underlying business health.

$ADSK

Research28d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Dell Technologies Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We sharply lift our price target to $465 from $263, 23x our FY 28 (Jan.) EPS view, well above DELL's three-year average (~11x) on massive AI tailwinds. We raise our FY 27 EPS view by $5.21 to $18.16 and lift FY 28's by $5.15 to $20.20. DELL delivered a blowout Q1, with sales up 88% to $43.8B, fueled by insatiable AI server demand, where sales grew by an eye-popping 757% to $16.1B and bookings came in higher at $24.4B (AI backlog up 19% Q/Q to $51.3B). Pull-ins are playing a factor, but we think core demand remains impressive and durable, supported by DELL's AI pipeline incredibly remaining "multiples above" its backlog total. Growing demand for inference/agentic products has also encouraged more edge computing/CPU/storage workloads, broadening DELL's exposure to AI upside. This was clearly demonstrated in Q1, with Traditional Servers (19% of sales) growing by 92% Y/Y and seeing "significant unit growth," while Storage (10%) grew by 8% with improving margins. CSG grew 17%, supported by PC refreshes/AI PCs.

$DELL

Research28d ago

Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Advanced Micro Devices, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target to $600 from $500, on a P/E of about 35x our 2028 EPS estimate, which is above its peers but below its historical forward averages. We see AMD closing the competitive gap with NVIDIA as it launches the MI450x Series in the second half of 2026, as it prepares to shift to rack-scale solutions, which offer data center server sales upside. We are also growing more optimistic about opportunities tied to CPU server demand, as we believe the rise of agentic AI shifts CPU-to-GPU ratios from traditional 1:4 or 1:8 in training toward 1:1 or higher in production deployments. Extending lead times and emerging industry-wide CPU shortage should support higher prices, and we see potential for 50%+ x86 server CPU market share over time. AMD's shift to large-scale rack-scale systems remains the biggest opportunity for the company in the coming years. Furthermore, we are encouraged by recent customer orders (Meta and Oracle), as we see a long tail opportunity over the next three to five years.

$AMD

Research28d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Qualcomm

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price to $300 from $220, on P/E of about 24x our CY 28 EPS estimate of $12.50, above peers and historical averages to reflect emerging growth opportunities and diversification. We keep our FY 26 EPS at $10.67 and FY 27's at $10.75. We start FY 28 at $12.15. Our positive outlook reflects several factors that we believe are underappreciated by the market at current valuation levels. We see QCOM successfully executing its diversification strategy with tangible momentum in automotive, IoT, and the emerging data center opportunity, reducing reliance on the cyclical handset market and mitigating risks from the Apple modem transition. The near-term handset weakness led by memory supply constraints appears transitory and supply-driven rather than demand-driven, with a trough seen in Android markets during the Jun-Q. QCOM's entry into data center custom silicon also represents a material new revenue stream with favorable economics, validated by a multi-generation hyperscaler engagement.

$QCOM

Research29d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Canadian Imperial Bank Of Commerce

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by USD6 to USD141, 17.3x our FY 27 (Oct.) EPS view of CAD11.28 (USD8.17), a premium to the bank's five-year forward P/E average of 9.9x to reflect CM's strong capital position, decreased office exposure in the U.S., as well as momentum in wealth management and capital markets. We raise our FY 26 EPS to CAD10.46 from CAD10.06 and increase FY 27's to CAD11.28 from CAD10.70. CM is performing well, with improving operational efficiency and strong balance sheet growth expected to drive record earnings in both FY 26 and FY 27. We view the bank's recent strategic decisions positively: CM is divesting its 92% stake in CIBC Caribbean for USD1.6 billion and has agreed to acquire a minority stake in Ann Partners, a U.S. private wealth management firm with USD54 billion in assets under management. This strategic shift makes sense as U.S. wealth management offers attractive, stable returns, while Caribbean operations carry higher currency and economic risks. Shares yield 2.9%.

$CM

Research29d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Canadian Imperial Bank Of Commerce

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by USD6 to USD141, 17.3x our FY 27 (Oct.) EPS view of CAD11.28, a premium to the bank's five-year forward P/E average of 9.9x to reflect CM's strong capital position, decreased office exposure in the U.S., as well as momentum in wealth management and capital markets. We raise our FY 26 EPS to CAD10.46 from CAD10.06 and increase FY 27's to CAD11.28 from CAD10.70. CM is performing well, with improving operational efficiency and strong balance sheet growth expected to drive record earnings in both FY 26 and FY 27. We view the bank's recent strategic decisions positively: CM is divesting its 92% stake in CIBC Caribbean for USD1.6 billion and has agreed to acquire a minority stake in Ann Partners, a U.S. private wealth management firm with USD54 billion in assets under management. This strategic shift makes sense as U.S. wealth management offers attractive, stable returns, while Caribbean operations carry higher currency and economic risks. Shares yield 2.9%.

$CM

Research29d ago

South Bow Maintained at Hold at TPH Following Prairie Connector Open Season; Price Target at C$52.00

Tudor, Pickering, Holt on Friday maintained its hold rating on the shares of South Bow (SOBO.TO, SOBO) with a C$52.00 price target after the oil-pipeline company secured binding commitments from shippers for its planned Prairie Connector pipeline project."This morning, SOBO announced a successful open season for its proposed Prairie Connector pipeline project, securing 20-year binding commitments from Hardisty, AB to US delivery points. Management is targeting an FID by mid-2027, contingent on securing remaining permits, government assurances for permit durability, advancing execution plans, finalizing cost estimates, and securing financing. The company said it will provide additional details on pre-FID activities and associated spending as part of its Q2'26 disclosures. In our view, the successful open season clears a significant milestone, highlighting shipper interest for the project. However, with a year to go before reaching positive FID, there's still some lingering execution risk, particularly around the durability of the permits. Without assurances that a new US administration would revoke the permits in 2029, as Biden did with KXL, the project is likely to be stalled. Should things progress positively, Prairie Connector would consist of approximately 380 km of new 36-inch pipeline from Hardisty to the Canada-U.S. border, where it would connect to Bridger Pipeline LLC's downstream facilities, while also leveraging roughly 150 km of previously installed and preserved 36-inch pipe and two pump stations," analyst AJ O'Donnell wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $50.25, Change: $-0.83, Percent Change: -1.62%

$SOBO$SOBO.TO

Research29d ago

Research Alert: CFRA Maintains Hold Rating On Shares Of Check Point Software Technologies Ltd.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price to $148, from $126, on a forward P/E multiple of 14.2x our 2026 EPS projection of $10.45, below CHKP's three-year average. We lower our 2026 EPS projection to $10.45 from $10.47, but raise our 2027 EPS forecast to $11.45 from $11.43. We believe there is broader recognition among organizations that enterprise security in an AI world needs to keep pace with rapid technology evolutions. AI model advancements and robust adoption trends this quarter suggest that security budgets could tick up in the coming quarters as enterprise customers look to large security vendors to expand their AI security capabilities. While we note some uncertainty with its recent sales reorganization, we believe AI is a tailwind for the business, given its large installed base. CHKP is building its portfolio of AI Security offerings, including AI Agent Security and Workforce AI Security, which we anticipate will inflect soon to improve Subscriptions growth.

$CHKP

Research29d ago

Research Alert: CFRA Maintains Buy Rating On Shares Of Uipath Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target price by $1 to $13, on an EV/S multiple of 3.2x our FY 27 (Jan.) sales projection of $1.781B, below its three-year average. We decrease our FY 27 EPS estimate to $0.79 (from $0.81), and trim FY 28's estimate to $0.89 (from $0.91). PATH reported Q1 FY 27 revenue of $418M, up 17% Y/Y (15% ex-FX), with ARR reaching $1.901B, growing 11% Y/Y. Net new ARR of $49M ($40M ex-FX) declined sequentially from $70M in Q4, though net retention improved to 109% (108% ex-FX), marking the first expansion in several quarters. We view the strong enterprise momentum positively, with $1M-plus ARR customers growing 18% to 374 and $100K-plus ARR customers up 11% to 2,624, as AI becomes a key deal driver expansion deals including AI are 6x larger than those without. Non-GAAP operating margin expanded over 250 bps Y/Y to 22%. We reiterate our Buy rating, though we note concerns around modest net new ARR increase ex-FX and management commentary on customer drag at the low end of the market.

$PATH

Research29d ago

Research Alert: CFRA Maintains Hold Rating On Shares Of Sentinelone, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price to $17, from $16, on an EV/S of 4.2x our FY 27 (Jan.) sales forecast of $1.203B, below its three-year average on a softer revenue guide. We raise our FY 26 EPS projection to $0.36 from $0.33, and lift our FY 27 EPS forecast to $0.48 from $0.46. S reported Q1 FY 27 revenue of $277M, up 21% Y/Y, with total ARR reaching $1,163M, growing 23% Y/Y and accelerating sequentially. A record net new ARR of $44M rose 55% Y/Y, due to new logos and expansion, while customers with $100K+ ARR grew 17% to 1,702, reflecting strong upmarket momentum. We note that emerging products continue to be a meaningful growth driver for the firm, and highlight that non-endpoint solutions (AI Security, Data, Cloud) now constitute approximately 50% of total ARR, reflecting its diversified portfolio. While several metrics and management's commentary suggest strong demand, its conservative outlook gives us pause on a more bullish view. Restructuring initiatives also risk sales disruptions ahead.

Research29d ago

Research Alert: CFRA Maintains Sell Opinion On Shares Of Hp Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our price target by $1 to $17, 6x our FY 27 (Oct.) EPS view ($2.83), below HPQ's three-year historical average (~8x) given structural headwinds and rapid memory price increases. We raise our FY 26 EPS view by $0.08 to $2.99 and lower FY 27's by $0.15 to $2.83. Q2 results were impressive on paper, led by Personal Systems (71% of sales) growing by 10% in constant currency, up from Q1's 9% growth pace. Still, we think sales results are being boosted by unsustainable pull-in effects amid the rising price environment, and we expect HP to soon run out of lower-cost inventory that is allowing it to sustain its resilient margin performance (non-GAAP operating margin 7.5% in Q2, up 20 bps Y/Y). AI PCs should continue rising as a proportion of the PC mix (following a solid 44% contribution in Q2, +900 bps Q/Q), but we think this positive is more than offset by cost volatility that not only includes memory components but increasingly oil-based resins for the Printing business (59% of non-GAAP operating profit).

$HPQ

Showing 1341-1360 of 6129