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Okta Posts Q3 Beat, Guidance Miss: Analyst Says ‘Sustainable Growth Remains Hazy’

December 4, 2024 author 0

Okta Inc (NASDAQ:OKTA) shares were climbing on Wednesday after the company reported upbeat third-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. BMO Capital Markets On Okta Analyst Keith Bachman reiterated a Market Perform rating while lifting the price target from $103 to $105. Okta generated […]

Downgrades

Neurology-Focused Alector Downgraded On Failed Alzheimer’s Study, BofA Securities Highlights Lack Of Catalysts

December 4, 2024 author 0

Bank of America Securities has downgraded Alector, Inc. (NASDAQ:ALEC), citing the failure of its AL002 program. Alector recently released results from the INVOKE-2 Phase 2 trial evaluating the safety and efficacy of AL002 in slowing disease progression in individuals with early Alzheimer’s disease (AD). But AL002 failed to meet the primary endpoint of slowing Alzheimer’s clinical progression […]

Earnings Beat

Salesforce Analysts Raise Forecasts After Q3 Earnings: ‘Leading The Way In Agentic AI Cycle’

December 4, 2024 author 0

Salesforce Inc (NYSE:CRM) shares were climbing in on Wednesday, despite the company reporting an earnings miss in the third quarter. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Stifel On Salesforce Analyst J. Parker Lane reiterated a Buy rating while raising the price target from $390 to […]

Earnings Beat

Marvell Technology Posts Solid Q3 Beat: Analysts Raise Forecasts, Expect 40%-50% Earnings Growth

December 4, 2024 author 0

Shares of Marvell Technology Inc (NASDAQ:MRV) climbed in early trading on Wednesday, after the company reported upbeat earnings for the third quarter. Bank of America Securities analyst Vivek Arya maintained a Buy rating, while raising the price target from $108 to $125. Stifel analyst Tore Svanberg reiterated a Buy rating, while raising the price target […]

Downgrades

This DTE Energy Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday

December 4, 2024 author 0

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. UBS analyst Tasso Vasconcellos downgraded the rating for YPF Sociedad Anónima (NYSE:YPF) from Buy to Neutral but raised the price target from $30 to $38. […]

Upgrades

This Pure Storage Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

December 4, 2024 author 0

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Mizuho analyst Haendel St. Juste upgraded the rating for The Macerich Company (NYSE:MAC) from Underperform to Neutral and raised the price target from $14 to […]

Upgrades

Credo Technology Analyst Double Upgrades AI Play, Raises Forecast By Almost 200%

December 3, 2024 author 0

Credo Technology Group Holding Ltd (NASDAQ:CRDO) shares jumped almost 40% in early trading on Tuesday. The visibility into the company’s growth inflection in the back half of the year improved significantly, according to BofA Securities. Analyst Vivek Arya upgraded the rating for Credo Technology from Underperform to Buy while raising the price target from $27 […]

Earnings Beat

Bitcoin Miner CleanSpark Has ‘Solid, Albeit Relatively Quiet’ Quarter, Ready For Growth, Says Analyst

December 3, 2024 author 0

CleanSpark Inc (NASDAQ:CLSK) shares were down on Tuesday, even after the company reported upbeat fourth-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. HC Wainwright On CleanSpark Analyst Mike Colonnese reiterated a Buy rating and price target of $27. CleanSpark, a Bitcoin mining company that offers […]

Earnings Beat

Zscaler Posts Q1 Beat: 8 Analysts Express Concern Around CFO Retirement, Guidance

December 3, 2024 author 0

Zscaler Inc (NASDAQ:ZS) shares tanked in early trading on Tuesday, even after the company reported upbeat fiscal first-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Scotiabank analyst Patrick Colville reaffirmed a Sector Outperform rating, while raising the price target from $195 to $205. JMP Securities […]

Downgrades

This FedEx Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

December 3, 2024 author 0

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Bernstein analyst David Vernon downgraded the rating for FedEx Corporation (NYSE:FDX) from Outperform to Market Perform and lowered the price target from $337 to $316. […]

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