The Latest Breaking News from Evercore ISI

Coupa Software Inc (NASDAQ: COUP) is among the best SMID (small and medium) capitalization SaaS (software as a service) franchises and has compelling long-term growth opportunities, according to Evercore ISI.

Morgan Stanley analyst Erik Woodring downgraded Dell Technologies Inc (NYSE:DELL) to Equal Weight from Overweight with a price target of $60, down from $66 (10.5% upside).  The analyst noted that the 2022 outlook for data center infrastructure is strong, but cracks are occurring in the PC outlook. Woodring noted the valuation is likely to be…

Analysts led by Mark Mahaney at Evercore ISI reiterated their Outperform rating on Amazon.com Inc (NASDAQ:AMZN) with a target price on the stock of $4,300, implying more than 30% upside.  Amazon remains the investment bank advisory group's top mega-cap long holding. Mahaney and his team highlight four underappreciated elements of the company. Firstly, Amazon's recent…

Benchmark analyst Matthew Harrigan reiterated his Hold rating on Netflix Inc (NASDAQ:NFLX). Harrigan remains cautious on the stock citing elevated global streaming competition and possible overseas member growth fallout from geopolitical uncertainty, even excluding de minimis direct effect from exiting Russia.  Also Read: Evercore ISI Sees 44% Upside In Netflix, Reiterates Rating, Amazon Consummates MGM Deal Post Clean Chit From Regulators…

Evercore ISI analyst Mark Mahaney said his 1,500-respondent U.S. quarterly survey on Netflix Inc (NASDAQ: NFLX) was "modestly positive." 

Apple Inc (NASDAQ:AAPL) recently disclosed acquiring Friday night MLB rights. Fans will be able to tune in to two games on Friday nights during the regular season, available only on Apple TV+. Evercore ISI analyst Amit Daryanani clarified that Apple did not aspire to become another Netflix Inc (NASDAQ:NFLX).  Daryanani lauded Apple's move, which looked…

Evercore ISI analyst Amit Daryanani upgraded the rating on Dell Technologies Inc (NYSE:DELL) to Outperform from In-Line due to several factors, including what he called the company's "very conservative" for its 2023 fiscal year outlook. Daryanani believes Dell will surpass its Q1 FY22 forecasts due to "share gains across [Dell's] PC and infrastructure segments," as…

Evercore ISI analyst Steve Sakwa added Paramount Group Inc (NYSE: PGRE) to the firm's "Tactical Underperform" list.

Evercore ISI analyst Duane Pfenningwerth upgraded Southwest Airlines Co (NYSE:LUV) to Outperform from In-Line with an unchanged price target of $48. Pfenningwerth mentions that some of his recovery hopes have been delivered as leisure demand is recovering "vigorously" as the omicron panic has receded, but fuel prices in the triple digits per barrel merit…

Evercore ISI analyst Michael Montani downgraded CarMax Inc (NYSE:KMX) to In-Line from Outperform with a price target of $120, down from $145, implying a 10% upside. Montani said CarMax took a profitable share throughout the calendar year 2021. He sees used vehicle pricing remaining "stubbornly high" with a new and used vehicle shortage likely to…

Evercore ISI analyst David Raso upgraded Timken Co (NYSE:TKR) to Outperform from In-Line and raised the price target to $78 (an upside of 12.9%), from $76. Raso downgraded Oshkosh Corp (NYSE:OSK) from Outperform to In-Line and set a price target of $124 (an upside of 7.4%). With Q4 earnings season "largely complete" for the Industrial Machinery names he covers, Raso notes…