The Latest Breaking News from Piper Sandler

Consumers are cutting back spending, even on basic goods, due to elevated levels of inflation, according to Piper Sandler.

Piper Sandler has decided to maintain its Overweight rating of ZoomInfo Technologies (NASDAQ:ZI) and lower its price target from $75.00 to $65.00. Shares of ZoomInfo Technologies are trading up 3.7% over the last 24 hours, at $51.02 per share.

Accolade Inc (NASDAQ:ACCD) shares plunged almost 50% after disappointing Q4 FY22 earnings and FY23 guidance. Q4 FY22 revenue increased 58% Y/Y to $93.8 million, beating the consensus of $91.57 million. The company reported a wider net loss of $(34.56) million compared to $(4.73) million a year ago. EPS loss came at $(0.51)…

Matterport Inc (NASDAQ: MTTR) shares are receding on Friday after an analyst at Piper Sandler tempered his expectations concerning the spatial data company.

Upgrades

  Piper Sandler (NYSE:PIPR) reported its Q1 earnings results on Friday, April 29, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Piper Sandler has decided to maintain its Overweight rating of Amgen (NASDAQ:AMGN) and raise its price target from $255.00 to $260.00. Shares of Amgen are trading down 5.5% over the last 24 hours, at $235.12 per share. A move to $260.00 would account for a 10.58% increase from the current…

Someone with a lot of money to spend has taken a bearish stance on Align Tech (NASDAQ:ALGN). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Needham lowered MKS Instruments, Inc. (NASDAQ: MKSI) price target from $185 to $175. MKS Instruments shares rose 3.6% to $116.01 in pre-market trading.