Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
By Davit Kirakosyan
Several analysts, including Goldman Sachs and JPMorgan, raised their price targets on monday.com Ltd. (MNDY (NASDAQ:MNDY)) following the company’s reported Q4 results today.
Goldman Sachs raised the price target on the stock to $210.00 from $190.00 while maintaining a Buy rating. Meanwhile, JPMorgan raised the price target on the company to $160.00 from $155.00 while maintaining an Overweight rating.
Shares jumped more than 10% today after the company’s Q4 EPS/revenues of $0.44 and $149.9 million beat the consensus estimates. For Q1/23, the company expects revenue of $154-156M, compared to the consensus of $150.12M. Full-year revenue is seen at $688-693M, better than the consensus estimate of $661.74M.
Credit Suisse lowered the price target on Dominion Resources, Inc. (NYSE:D) to $58.00 from $67.00 while maintaining a Neutral rating following the company’s reported Q4 results last week.
Q4 EPS came in at $1.06, better than the consensus estimate of $1.04. Revenue was $4.91 billion, beating the consensus estimate of $4.21B. The company provided its Q1/23 outlook, expecting EPS in the range of $0.97-$1.12, worse than the consensus estimate of $1.15.
Several analysts, including Argus and Susquehanna, raised their price targets on Expedia (NASDAQ:EXPE) following the company’s reported Q4 results last week.
Argus raised the price target on the company to $125.00 from $104.00 while maintaining a Buy rating. Susquehanna raised the price target on the stock to $116.00 from $100.00 while maintaining a Neutral rating.
Shares gained more than 3% today.
Stifel lowered the price target on Bally's Corp (NYSE:BALY) to $21.00 from $22.00 while maintaining a Hold rating.
Shares rose more than 2% today after the company reported its Q4 results, with revenue of $576.7M coming in better than the consensus estimate of $572.44M. EPS ex-items was ($0.27), which may not compare to the consensus estimate of ($0.07).
For fiscal 2023, the company expects revenue in the range of $2.5-2.6B, better than the consensus of $2.46B.
Cowen raised the price target on First Solar (NASDAQ:FSLR) to $195.00 from $175.00 while maintaining an Outperform.
The firm said it remains constructive on the company heading into Q4/22 results, seeing levers for further ASP appreciation to support margins as new capacity ramps.
Stifel raised the price target on Twilio (NYSE:TWLO) to $60.00 from $45.00 while maintaining a Hold rating following the company’s announced job cut.
Today, the company announced a corporate restructuring that will result in 17% of its workforce being laid off. The company will reorganize into two segments: Twilio Communications and Twilio Data and Applications.
Shares closed more than 2% higher today.
Craig-Hallum raised the price target on Ambarella (NASDAQ:AMBA) to $120.00 from $90.00 while maintaining a Buy rating.
Citi raised the price target on Atmos Energy (NYSE:ATO) to $125.00 from $107.00 while maintaining a Neutral rating.
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