Charged: Tesla Q2 demand seen as robust despite rising competition » 11:1205/1005/10/21
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Fly Intel: Top five analyst upgrades » 09:5805/1005/10/21
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Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Lyft (LYFT) upgraded to Outperform from Neutral at Daiwa with analyst Jairam Nathan believing the 20% decline of Lyft's stock since April 28 offers an attractive entry point, even with risks from labor regulations and driver availability in earnings for 2021 and beyond. 2. SolarEdge (SEDG) upgraded to Buy from Neutral at BofA with analyst Aric Li citing the positive long-term outlook and a robust demand backdrop presenting a buying opportunity for SolarEdge shares. 3. ViacomCBS (VIAC) upgraded to Outperform from Market Perform at Barrington with analyst James Goss saying the company's streaming efforts create a "compelling collection of products to navigate the shifting media consumption landscape." 3. Live Nation (LYV) upgraded to Buy from Hold at Jefferies with analyst David Katz saying recovery trends and data points support his above consensus 2022 AOI estimates, while management is pointing to accelerating organic and potential external growth beyond 2022. 5. Cogent (CCOI) upgraded to Outperform from Sector Perform at RBC Capital with analyst Bora Lee being positive on the stock amid the early signs of a potential recovery in the Corporate market with increasing vaccination rates and constructive International trends. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SolarEdge upgraded to Buy from Neutral at BofA » 06:1905/1005/10/21
BofA analyst Aric Li…
BofA analyst Aric Li upgraded SolarEdge to Buy from Neutral with a $276 price target. The recent share underperformance is driven by investor concerns around near-term chip shortages and the related impact for not just FY21, but the possibility of "systemic shortage" persisting into FY22, the analyst tells investors in a research note. Li states however that this risk should ultimately prove to be a "transitory overhang" as he cites the positive long-term outlook and a robust demand backdrop presenting a buying opportunity for SolarEdge shares.
SolarEdge upgraded to Buy from Neutral at BofA » 06:0605/1005/10/21
BofA analyst Aric Li…
BofA analyst Aric Li upgraded SolarEdge to Buy from Neutral with a $276 price target.
|Over a week ago|
SolarEdge price target lowered to $325 from $435 at Truist » 09:3005/0505/05/21
Truist analyst Tristan…
Truist analyst Tristan Richardson lowered the firm's price target on SolarEdge to $325 from $435 but keeps a Buy rating on the shares. The company's Q1 results topped estimates and the management took the tone that the chip shortage would not have a major impact on the stock, though shares sold off as investors repriced the risk around supply chains, the analyst tells investors in a research note. Considering the broader demand backdrop, the sharp selloff represents an attractive entry point, Richardson adds.
SolarEdge's in-line quarter likely not enough to move shares up, says Northland » 08:3505/0405/04/21
Northland analyst Gus…
Northland analyst Gus Richard raised the firm's price target on SolarEdge (SEDG) to $220 from $210 and keeps an Underperform rating on the shares after the company reported an "in-line quarter" that he does not see as likely to be enough to move its shares higher. While noting that SolarEdge will grow "slightly faster" in Q2 due to tight inventory at Enphase Energy (ENPH), Richard added that he does not believe the outperformance is sustainable.
SolarEdge positioned to outperform through 2021, says B. Riley » 08:2405/0405/04/21
B. Riley analyst…
B. Riley analyst Christopher Souther lowered the firm's price target on SolarEdge to $368 from $371 and keeps a Buy rating on the shares. The company last night reported a "relatively strong" Q1 earnings event as it reported a beat and guided Q2 revenue above consensus, Souther tells investors in a research note. Channel issues for the commercial business appear to have cleared up, with growth resuming, and SolarEdge has avoided near-term supply shortage issues "relatively well with its inventory still elevated," says the analyst. He remains confident SolarEdge "is set up nicely to outperform" through the rest of the year.
SolarEdge price target lowered to $310 from $380 at Roth Capital » 07:5705/0405/04/21
Roth Capital analyst…
Roth Capital analyst Philip Shen lowered the firm's price target on SolarEdge to $310 from $380 and keeps a Buy rating on the shares. The analyst notes SolarEdge reported an inline Q1 and healthy Q2 guide. Management appears to be navigating the chip shortage well, Shen contends. Nonetheless, the analyst acknowledges that many were looking for outperformance on volumes/inventory and may have been disappointed. All in, he looks for the stock to trade sideways/down as a result.
SolarEdge guidance inline as demand remains robust, says Susquehanna » 07:1005/0405/04/21
Susquehanna analyst Biju…
Susquehanna analyst Biju Perincheril noted SolarEdge reported better than expected Q1 volumes but missed on earnings due to higher operating costs. The analyst said its Q2 guidance was inline but sees weaker gross margins due to shipping constraints. Perincheril noted the demand remains robust across multiple geographies.
SolarEdge price target lowered to $260 from $350 at Canaccord » 06:4905/0405/04/21
Canaccord analyst Jed…
Canaccord analyst Jed Dorsheimer lowered the firm's price target on SolarEdge to $260 from $350 and keeps a Hold rating on the shares. The analyst said the quarter was solid but he is maintaining his rating on potential supply chain headwinds. He said the solar business remains robust and the company began delivering electric powertrains to Stellantis. His lowered target reflects a lower multiple for 2022 than his 2021 estimate.