The Latest Breaking News from Piper Sandler

Adobe Inc (NASDAQ: ADBE) shares traded slightly higher on Friday after the company's full-year guidance disappointed Wall Street.

Piper Sandler has decided to maintain its Overweight rating of Equity Bancshares (NASDAQ:EQBK) and lower its price target from $38.00 to $35.00. Shares of Equity Bancshares are trading up 1.65% over the last 24 hours, at $30.79 per share.

Piper Sandler analyst Brent Bracelin maintained Bill.com Holdings, Inc (NYSE:BILL) with an Overweight and raised the price target from $205 to $212. Float revenue TTM has fallen to $4 million from a peak of $25 million in CY19 but should rebound alongside rising interest rates, as per Bracelin. Following the biggest Fed Funds Rate (FFR)…

Piper Sandler has decided to maintain its Overweight rating of Phreesia (NYSE:PHR) and lower its price target from $42.00 to $32.00. Shares of Phreesia are trading down 1.07% over the last 24 hours, at $17.50 per share. A move to $32.00 would account for a 82.86% increase from the current…

Analysts acknowledged Braze, Inc's (NASDAQ:BRZE) Q1 beat amid macro headwinds. Piper Sandler analyst Brent Bracelin maintained Braze with an Overweight and cut the price target from $65 to $42 based on lower growth assumptions given increasing external risks. Despite increasing macro headwinds, BRZE delivered another strong quarter. Increasing investments in direct-to-consumer (DTC) and first-party data stacks have…

Piper Sandler reduced Braze, Inc. (NASDAQ: BRZE) price target from $65 to $42. Tesla shares rose 5.8% to $31.10 in pre-market trading.

Mizuho Securities analyst Vincent Lovaglio raised the price target for Devon Energy Corp (NYSE:DVN) to $94 (an upside of 28%) from $92, reflecting the $865 million Rim Rock acquisition. The analyst states that the transaction adds 15kboed and 38k net acres to the company's existing 48kboed and 85k net acre Bakken position at ~4x free cash…

Piper Sandler has decided to maintain its Neutral rating of DocuSign (NASDAQ:DOCU) and lower its price target from $100.00 to $75.00. Shares of DocuSign are trading down 24.11% over the last 24 hours, at $66.30 per share. A move to $75.00 would account for a 13.12% increase from the current…

Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

The financial analyst day, product sessions, and customer discussions at MongoDB, Inc (NASDAQ:MDB) World in New York increased confidence in Piper Sandler analyst Brent A. Bracelin. Bracelin found MDB well-positioned for further share gains within the $78 billion+ database management systems market.  The combination of new product enhancements, including Atlas Serverless, Relational Migrator tool, and…

Piper Sandler analyst Arvind Ramnani hosted EPAM Systems, Inc (NYSE: EPAM) CFO Jason Peterson and Head of IR David Straube for investor meetings and came away incrementally more positively.