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Accounting software provider Intuit received a price target upgrade from brokers as the company released its guidance for FY24. The company recently reported its Q423 results and provided fiscal 2024 guidance.
On August 22, 2023, toymakerHasbro (NASDAQ: HAS)received a price target increase from Bank of America. Following the revision in Hasbro’s price target, HAS shares rose 2% to US$64.5 in premarket session on Tuesday.
One of US’ largest oil companies,Chevron Corp. (NYSE: CVX)received a rating upgrade from Mizuho based on the broker’s positive demand outlook for the oil sector. Mizuho upgraded CVX to ‘buy’ from its previous ‘neutral’ rating.
Biotechnology company Pricegen (NASDAQ: PGEN) received a price target increase from brokerage Stifel Nicolaus. The broker raised its price target on PGEN from US$6.30 to US$7 on August 9, 2023, the same day when Pricegen released its Q2 2023 results.
U.S Foods Holding received an increased price target from brokers as it released its financial results for Q2 2023. The company saw a 2.1% increase in net sales during the quarter and saw a 15% increase in its gross profit for the quarter.
Shares of biotechnology firmMirati Therapeutics Inc. (NASDAQ: MRTX)surged 30% on Wednesday as it released Q2 financial results and structural updates. The oncology company also announced its CEO Charles Baum’s departure from the position.
On August 3, 2023, Amazon announced its earnings for the second quarter of 2023, showcasing an 11% jump in its net sales during the quarter to US$134.4 billion. Meanwhile, the company’s operating income increased to US$7.7 billion in Q2 2023, as compared to US$3.3 …
Computer component sellerCorsair Gaming (NASDAQ: CRSR)received a rating upgrade from Wedblush Securities ahead of its earnings release. The brokerage had previously given Corsair a ‘neutral’ rating and had maintained a price target of US$17.5, which was raised to US$21.
As companies report their financial results during this earnings season, analysts have revised their ratings on stocks based on these results. First Solar and Coursera are two such companies that have received rating upgrades from brokers.
Broker Morgan Stanley recently upgradedWW InternationalInc.(NASDAQ: WW)to ‘overweight’ from its previous ‘equal weight’ rating on the stock. The rating upgrade has led to a 7.35% jump in WW’s share price to US$10.66 premarket.
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