Analysts Are Revising Price Targets of These 5 Stocks Post Earnings

In this article, we will discuss the 5 stocks that recently received updated price targets from analysts post earnings. If you want to see more such stocks on the list, you can directly visit Analysts Are Revising Price Targets of These 10 Stocks Post Earnings.

5. ZoomInfo Technologies Inc. (NASDAQ:ZI)

Number of Hedge Fund Holders: 50

Mizuho cut its price target for ZoomInfo Technologies Inc. (NASDAQ:ZI) from $45 per share to $36 per share on Tuesday, February 7. The research firm referred to the software and data company’s mixed quarterly performance and weak 2023 outlook.

The price-target cut came a day after ZoomInfo Technologies Inc. (NASDAQ:ZI) reported adjusted earnings of 26 cents per share on revenue of $301.7 million for Q4. The results were better than the consensus of 22 cents per share for earnings and $299.5 million for revenue.

However, ZoomInfo Technologies Inc. (NASDAQ:ZI) issued a weak financial outlook for the full year. It projected sales in the range of $1.28 – $1.29 billion, well below the consensus of $1.42 billion.

4. Fiserv, Inc. (NASDAQ:FISV)

Number of Hedge Fund Holders: 59

Multiple research firms lifted their price targets for Fiserv, Inc. (NASDAQ:FISV) on Wednesday, February 8, citing the fintech company’s solid results for the fourth quarter. RBC Capital increased its price target for FISV stock from $123 to $131, Susquehanna raised its price target from $135 to $140 and Credit Suisse lifted its price target from $115 to $130.

Fiserv, Inc. (NASDAQ:FISV) recently delivered strong financial results for Q4. The company earned $1.91 per share on an adjusted basis, representing a surge of 22 percent on a year-over-year basis. Its quarterly sales also rose 9 percent to $4.63 billion. Analysts were looking for earnings of $1.90 per share on revenue of $4.34 billion.

Fiserv, Inc. (NASDAQ:FISV) shares hit a new 52-week high of $117.15 on February 8 after the results.

Looking forward, Fiserv, Inc. (NASDAQ:FISV) guided for adjusted earnings in the range of $7.25 – $7.40 per share for 2023, representing a growth between 12 – 14 percent over last year.

3. Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Number of Hedge Fund Holders: 63

Benchmark slashed its price target for Take-Two Interactive Software, Inc. (NASDAQ:TTWO) from $125 per share to $120 per share on Tuesday, February 7. The research firm was primarily moved by the game publisher’s weak third-quarter results and disappointing full-year outlook.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reported a loss of 91 cents per share for its fiscal third quarter, wider than a loss of 89 cents per share estimated by analysts. The quarterly revenue of $1.41 billion also came in below the consensus of $1.48 billion.

Besides weak earnings, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) also disappointed investors with its fiscal fourth-quarter sales outlook. The company projected revenue in the range of $1.34 – $1.39 billion for the current quarter, below analysts’ average estimate of $1.5 billion.

2. Pinterest, Inc. (NYSE:PINS)

Number of Hedge Fund Holders: 68

Morgan Stanley lifted its price target for Pinterest, Inc. (NYSE:PINS) from $19 per share to $22 per share on Tuesday, February 7. Referring to the company’s latest earnings report, analyst Brian Nowak said Pinterest exhibited discipline and improved operational efficiency. Nowak believes the image-sharing platform will be able to improve profitability and decrease operating costs over the next couple of years.

Earlier this week, Pinterest, Inc. (NYSE:PINS) posted mixed financial results for the fourth quarter. It reported earnings of 29 cents per share, beating estimates of 27 cents. However, on the downside, the quarterly sales of $877 million were below the consensus of $886.3 million.

1. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 142

Uber Technologies, Inc. (NYSE:UBER) shares rose to a nearly 10-month high on Wednesday, February 8, after the ride-sharing service surprised investors by posting a profit for the fourth quarter.

The San Francisco-based company reported earnings of 29 cents per share, contrary to the consensus forecast calling for a loss of 15 cents per share. Revenue for the quarter also climbed 49 percent versus last year to $8.61 billion, while analysts expected Uber Technologies, Inc. (NYSE:UBER) to post revenue of $5.78 billion.

Subsequently, Goldman Sachs increased its price target for Uber Technologies, Inc. (NYSE:UBER) from $45 per share to $47 per share, citing its Q4 earnings beat. In addition, Piper Sandler also raised its price target from $33 per share to $41 per share, calling Q4 the “best-ever quarter.”

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