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The Latest Breaking News from Needham

Coinbase Analyst Spells Bull Case: Forcasts $1.26B Additional Revenue From NFTs Alone

Needham analyst John Todaro has outlined a bullish scenario for Coinbase Global Inc (NASDAQ: COIN) if its upcoming non fungible token (NFT) business takes off as planned.

Benzinga

Why This Revolve Group Analyst Says Online Fashion Retailer Is A Buy

Revolve Group Inc (NYSE: RVLV) is “an ultimate reopening play” and the Street's sales growth estimate of 35% for the first half of the year in 2022 appears conservative, according to Needham.

Benzinga

Amazon Consummates MGM Deal Post Clean Chit From Regulators

Amazon.com Inc (NASDAQ:AMZN) closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after a clean chit from the U.S. FTC and EU. The EU contended that the deal would not hamper competition as the two companies did not significantly overlap in content production, the Wall Street Journal reports. The FTC also did not…

Benzinga

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Needham Sees Netflix Losing Out To Amazon, Disney, Apple and Other Streaming Rivals

Needham analyst Laura Martin's March channel checks indicated growing interest toward news acting serving as a headwind for Netflix Inc (NASDAQ: NFLX). As per Martin, Netflix needs to add advertisements to survive the streaming war.

Benzinga

Health Care Stocks Could Use A Surgical Boom — Will It Happen For Stryker, Boston Scientific, Others?

The post-Covid recovery in elective procedures is far from certain. But if it materializes, it could stoke some health care stocks.

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10 Biggest Price Target Changes For Friday

Needham cut the price target on OppFi Inc. (NYSE: OPFI) from $10 to $4.5. OppFi shares rose 5.3% to $3.20 in pre-market trading.

Benzinga

Read How Analysts Reacted To MongoDB Post Q4 Earnings Beat

Analysts remained positive on MongoDB Inc (NASDAQ:MDB) despite slashing their price targets on the stock post Q4 results. Barclays analyst Raimo Lenschow lowered the PT to $410 from $556 (25% upside) and kept an Overweight. Atlas growth accelerated again compared to previous years. Morgan Stanley kept an Overweight with an unchanged price target of $633 (90%…

Benzinga

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Here's How Analysts View Marvell Post Q4

Most analysts slashed their price targets on Marvell Technology Inc (NASDAQ:MRVL) post Q4 results. Wells Fargo analyst Gary Mobley lowered the price target to $70 from $80 (7.5% upside) and maintained an Equal-Weight following the "respectable" beat and raise quarter. Considering the upbeat results and the pullback in the equity markets & chip sector, Mobley says…

Benzinga

Anaplan Shares Pop As Analysts Cheer Q4 Earnings

Analysts raised their price targets on Anaplan Inc (NYSE:PLAN) post Q4 results. Mizuho analyst Siti Panigrahi raised the PT to $65 from $60 (26.7% upside) and kept a Buy. The company posted Q4 results and raised its fiscal 2023 guide above consensus estimates, the latest back-office player to benefit from the enterprise spending resumption. Wells…

Benzinga

Analysts Remain Bullish On Cardlytics Post Q4 Results

Analysts reiterated a Buy on Cardlytics Inc (NASDAQ:CDLX) post Q4 results. Craig-Hallum analyst Jason Kreyer lowered the firm's price target on Cardlytics from $100 to $70 (15% upside) and kept a Buy. The analyst notes quarterly results were strong despite lingering concerns over the supply chain, labor shortages, and omicron issues faced in the quarter. …

Benzinga

Needham Cuts Montrose Environmental Price Target By ~29%

Needham analyst James Ricchiuti lowered the price target on Montrose Environmental Group Inc (NYSE:MEG) to $60 (an upside of 48.7%) from $84 and maintained a Buy rating on the shares after the company reported quarterly results. Ricchiuti noted while the CTEH business is expected to return to a more normalized $100 million level in 2022…

Benzinga

Here's How Analysts Reacted To Workday's Q4 Results

Analysts mostly raised their price targets on Workday Inc (NASDAQ:WDAY) post Q4 results. Wells Fargo analyst Michael Turrin raised the PT to $340 from $325 (39.1% upside) and kept an Overweight. Turrin expects Workday shares will see a boost from Q4 results as the company delivered a clean set of Q4 metrics and a meaningful…

Benzinga

Read How Analysts Reacted To Universal Display's Q4 Results

Analysts slashed their price targets on Universal Display Corp (NASDAQ:OLED) following Q4 results. Deutsche Bank analyst Sidney Ho lowered the price target to $180 from $240 (20% upside) and kept a Buy. Although the company's 2022 outlook was below expectations, the announcement of phosphorescent Blue being ready for commercialization by…

Benzinga

10 Key Takeaways From FuboTV's Q4 Earnings

FuboTV Inc’s (NYSE: FUBO) stock is an “inexpensive” way to gain exposure to trend of U.S. consumers transitioning towards OTT and streaming TV, according to Needham. The FuboTV Analyst: Laura Martin maintained a Buy rating on FuboTV, with a price target of $15.

Benzinga

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Benzinga

Analysts Continue To See Sharp Upside In Sprout Social Post Q4 Results

Analysts cut their price targets on Sprout Social Inc (NASDAQ:SPT) post Q4 results. Needham analyst Scott Berg lowered the price target to $75 from $160 (37% upside) given the significant multiple compression across high growth software but kept a Buy. The company's Q4 results were "impressive," highlighted by the acceleration of upmarket demand, record large…

Benzinga

Teladoc Health Analysts Give Mixed Prognosis Following Q4 Earnings

Shares of Teladoc Health, Inc. (NYSE: TDOC) shares are lower after the telemedicine company issued below-consensus guidance for the first quarter.

Benzinga

Credo Shares Pop As Multiple Analysts Initiate Coverage And See Sharp Upside

Multiple analysts initiated coverage on Credo Technology Group Holding Ltd (NASDAQ:CRDO) with a positive stance. Goldman Sachs analyst Toshiya Hari initiated coverage on Credo with a Buy rating and price target of $23 (51.3% upside). Stifel analyst Tore Svanberg initiated coverage on Credo with a Buy rating and price target of $20 (31.6% upside). BofA analyst Vivek…

Benzinga

Needham Upgrades Masimo To Buy, With Price Target Of $205

Needham has upgraded Masimo Corp (NASDAQ: MASI) to Buy from Hold with a $205 price target

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Benzinga

10 Biggest Price Target Changes For Friday

Needham lowered Fiverr International Ltd. (NYSE: FVRR) price target from $205 to $100. Fiverr International shares gained 2% to $80.00 in pre-market trading.

Benzinga

Why Nvidia Bulls Laud The Stock As 'Tough Not To Own' After Q4 Print

NVIDIA Corporation (NASDAQ: NVDA) reported forecast-beating fourth-quarter results and issued upbeat guidance for the first quarter.

Benzinga

Read How Analysts Reacted To Alteryx's Q4 Results

Analysts had mixed opinions on Alteryx Inc (NYSE:AYX) post Q4 beat. Alteryx is a software company that provides self-service data analytics software. Oppenheimer analyst Ittai Kidron lowered the firm's price target on Alteryx to $85 from $105 (62.9% upside) to reflect multiple realignments while keeping an Outperform rating on the shares. The analyst notes Alteryx's Q4…

Benzinga

Why Are Upwork Shares Trading Lower Today?

JMP Securities analyst Andrew Boone lowered the price target on Upwork Inc (NASDAQ:UPWK) to $48 from $55 and maintained an Outperform rating on the shares after its in-line Q4 earnings and below-consensus outlook. The analyst mentions that the company is making substantial investments in the business while delaying profitability, now estimating 2022 EBITDA to be…

Benzinga

Twilio Shares Pop As Analysts Continue To See Sharp Upside Post Q4

Analysts mostly raised their price targets on Twilio Inc (NYSE:TWLO) post Q4 beat and continue to see sharp upside to the stock. Macquarie maintained Twilio with an Outperform and raised the price target from $281 to $306 (51.5% upside). KeyBanc analyst Steve Enders raised the firm's price target on Twilio to $320 from $283 (58.4% upside) and kept…

Benzinga

4 Enphase Energy Analysts Break Down Q4 Results As Stock Rallies

Enphase Energy, Inc. (NASDAQ: ENPH) shares were making gains Wednesday after the solar technology company reported strong quarterly results and issued upbeat guidance.

Benzinga

Read How Analysts Reacted To Paycom Software's Q4 Results

Analyst opinions remain divided over Paycom Software Inc (NYSE:PAYC) post Q4 results. Piper Sandler analyst Arvind Ramnani raised the price target on Paycom to $505 from $498 (40% upside) and reiterated an Overweight. Paycom's Q4 results "were robust all-around" as revenue came in well above expectations driven by a healthy demand environment, Ramnani says. Stifel analyst Brad…

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