By Davit Kirakosyan
Several analysts, including Goldman Sachs and JPMorgan, raised their price targets on monday.com Ltd. (MNDY (NASDAQ:MNDY)) following the company’s reported Q4 results today.
Goldman Sachs raised the price target on the stock to $210.00 from $190.00 while maintaining a Buy rating. Meanwhile, JPMorgan raised the price target on the company to $160.00 from $155.00 while maintaining an Overweight rating.
Shares jumped more than 10% today after the company’s Q4 EPS/revenues of $0.44 and $149.9 million beat the consensus estimates. For Q1/23, the company expects revenue of $154-156M, compared to the consensus of $150.12M. Full-year revenue is seen at $688-693M, better than the consensus estimate of $661.74M.
Credit Suisse lowered the price target on Dominion Resources, Inc. (NYSE:D) to $58.00 from $67.00 while maintaining a Neutral rating following the company’s reported Q4 results last week.
Q4 EPS came in at $1.06, better than the consensus estimate of $1.04. Revenue was $4.91 billion, beating the consensus estimate of $4.21B. The company provided its Q1/23 outlook, expecting EPS in the range of $0.97-$1.12, worse than the consensus estimate of $1.15.
Several analysts, including Argus and Susquehanna, raised their price targets on Expedia (NASDAQ:EXPE) following the company’s reported Q4 results last week.
Argus raised the price target on the company to $125.00 from $104.00 while maintaining a Buy rating. Susquehanna raised the price target on the stock to $116.00 from $100.00 while maintaining a Neutral rating.
Shares gained more than 3% today.
Stifel lowered the price target on Bally's Corp (NYSE:BALY) to $21.00 from $22.00 while maintaining a Hold rating.
Shares rose more than 2% today after the company reported its Q4 results, with revenue of $576.7M coming in better than the consensus estimate of $572.44M. EPS ex-items was ($0.27), which may not compare to the consensus estimate of ($0.07).
For fiscal 2023, the company expects revenue in the range of $2.5-2.6B, better than the consensus of $2.46B.
Cowen raised the price target on First Solar (NASDAQ:FSLR) to $195.00 from $175.00 while maintaining an Outperform.
The firm said it remains constructive on the company heading into Q4/22 results, seeing levers for further ASP appreciation to support margins as new capacity ramps.
Stifel raised the price target on Twilio (NYSE:TWLO) to $60.00 from $45.00 while maintaining a Hold rating following the company’s announced job cut.
Today, the company announced a corporate restructuring that will result in 17% of its workforce being laid off. The company will reorganize into two segments: Twilio Communications and Twilio Data and Applications.
Shares closed more than 2% higher today.
Craig-Hallum raised the price target on Ambarella (NASDAQ:AMBA) to $120.00 from $90.00 while maintaining a Buy rating.
Citi raised the price target on Atmos Energy (NYSE:ATO) to $125.00 from $107.00 while maintaining a Neutral rating.
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