Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Analysts are Revising Prices Targets of These 10 Stocks Following Earnings

In this article, we will look at the 10 stocks that recently received revised price targets from analysts after their recent earnings. If you want to see more such stocks on the list, go directly to Analysts are Revising Prices Targets of These 5 Stocks Following Earnings.

Notable stocks, including Marvell Technology, Inc. (NASDAQ:MRVL), Dollar General Corporation (NYSE:DG) and The Kroger Co. (NYSE:KR), recently released financial results for their respective quarters.

Subsequently, analysts trimmed their price targets for Marvell Technology, Inc. (NASDAQ:MRVL) and Dollar General Corporation (NYSE:DG) after the two companies failed to meet earnings expectations. On the other hand, The Kroger Co. (NYSE:KR) received a price target cut despite topping expectations for its fiscal third quarter.

In addition, UiPath Inc. (NYSE:PATH) and Smartsheet Inc. (NYSE:SMAR) also received updated price targets from analysts following their recent earnings. Check out the complete article to find out the new price targets for these stocks.

10. ChargePoint Holdings, Inc. (NYSE:CHPT)

Number of Hedge Fund Holders: 13

R.F. Lafferty lowered its price target for ChargePoint Holdings, Inc. (NYSE:CHPT) from $34 per share to $28 per share on Friday, December 2. The research firm was primarily moved by the company’s Q3 earnings miss and gross margin erosion.

ChargePoint Holdings, Inc. (NYSE:CHPT) recently reported a loss of 25 cents per share for its fiscal third quarter, wider than a loss of 20 cents per share estimated  by analysts. The quarterly revenue of $125 million also missed the expectations of $132.3 million.

On the bright side, ChargePoint Holdings, Inc. (NYSE:CHPT) raised its full-year sales outlook to a range of $475 – $480 million, from its previous projection between $450 – $500 million.

9. The Toronto-Dominion Bank (NYSE:TD)

Number of Hedge Fund Holders: 22

Canaccord improved its price target for The Toronto-Dominion Bank (NYSE:TD) from C$95 per share to C$103 per share on Friday, December 2, following the bank’s earnings beat for its fiscal fourth quarter.

Citing the First Horizon acquisition, analyst Scott Chan said The Toronto-Dominion Bank (NYSE:TD) can now produce above-average growth. Chan also upgraded the Canadian bank from “Hold” to “Buy.”

The Toronto-Dominion Bank (NYSE:TD) recently reported adjusted earnings of C$2.18 per share for its fiscal fourth quarter, up from C$2.09 per share in the year-ago period and above expectations of C$2.06.

8. UiPath Inc. (NYSE:PATH)

Number of Hedge Fund Holders: 26

UiPath Inc. (NYSE:PATH) last week surprised investors by reporting a profit. As a result, Mizuho analyst Siti Panigrahi increased his price target for the software company from $14 per share to $15 per share on Friday, December 2. Panigrahi also praised the company’s solid outlook for the current quarter despite macro challenges.

UiPath Inc. (NYSE:PATH) reported adjusted earnings of 5 cents per share for the three months ended October 31, contrary to the consensus estimate calling for a loss of 3 cents per share. Revenue for the quarter jumped 19 percent on a year-over-year basis to $262.7 million, crushing expectations of $248.51 million.

Looking forward, UiPath Inc. (NYSE:PATH) expects revenue in the range of $277 – $279 million for the current quarter.

7. Veeva Systems Inc. (NYSE:VEEV)

Number of Hedge Fund Holders: 42

Needham recently lifted its price target for Veeva Systems Inc. (NYSE:VEEV) from $205 per share to $220 per share, citing the company’s strong third-quarter results.

Veeva Systems Inc. (NYSE:VEEV) last week reported adjusted earnings of $1.13 per share, compared to 97 cents per share in the year-ago period. Revenue for the quarter increased to $552.4 million, from $476.1 million in the corresponding period of 2021. The results exceeded the consensus of $1.07 per share for earnings and $546.04 million for revenue.

Like Veeva Systems Inc. (NYSE:VEEV), analysts also updated their price targets for Marvell Technology, Inc. (NASDAQ:MRVL), Dollar General Corporation (NYSE:DG) and The Kroger Co. (NYSE:KR).

6. Smartsheet Inc. (NYSE:SMAR)

Number of Hedge Fund Holders: 49

Shares of Smartsheet Inc. (NYSE:SMAR) rallied nearly 17 percent on Friday, December 2, after the Washington-based company posted a narrower-than-expected loss for its fiscal third quarter.

Smartsheet Inc. (NYSE:SMAR) reported an adjusted loss of 1 cent per share, while analysts were looking for a loss of 15 cents per share. Revenue came in at $199.6 million, beating the expectations of $194 million.

For its fiscal fourth quarter Smartsheet Inc. (NYSE:SMAR) expects revenue in the range of $205 – $207 million, representing a growth of 30 – 32 percent on a year-over-year basis. The outlook was also better than the consensus of $204 million.

Several research firms raised their price targets for Smartsheet Inc. (NYSE:SMAR) following its recent earnings. DA Davidson increased its price target from $40 to $45, RBC Capital raised its price target from $32 to $36 and BMO Capital improved its price target from $38 to $41.

Click to continue reading and see Analysts are Revising Prices Targets of These 5 Stocks Following Earnings.

Suggested articles:

Disclosure: None. Analysts are Revising Prices Targets of These 10 Stocks Following Earnings is originally published on Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…