S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
Core & Main Inc. (CNM) stock has reached an all-time high, hitting a price of 66.0 USD. This milestone reflects a notable increase in the company’s stock value, with a 1-year change of 24%. The surge in Core & Main’s stock price underscores investor confidence and the company’s strong performance in the market over the past year. This achievement highlights the company’s growth trajectory and the positive reception of its business strategies by the market. For deeper insights into CNM’s valuation and growth prospects, InvestingPro offers 12 additional investment tips and a comprehensive Pro Research Report.
In other recent news, Core & Main Inc. reported its Q1 2025 earnings, posting an earnings per share (EPS) of $0.52, which aligned with analyst forecasts. The company also exceeded revenue expectations, generating $1.9 billion compared to the anticipated $1.85 billion. RBC Capital raised its price target for Core & Main to $67, maintaining an Outperform rating, due to stronger first-half volumes and improving pricing trends. Additionally, Barclays (LON:BARC) increased its price target to $69, keeping an Overweight rating, citing the company’s resilient performance and reaffirmed fiscal year guidance. These developments reflect analysts’ confidence in Core & Main’s long-term prospects and stable financial outlook.
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