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Recommendations
Pure Storage transferred with Overweight at KeyBanc » 17:07
01/18/22
01/18
17:07
01/18/22
17:07
PSTG

Pure Storage

$26.52 /

-1.065 (-3.86%)

KeyBanc analyst Thomas…

KeyBanc analyst Thomas Blakey took over coverage of Pure Storage with an Overweight rating and $36 price target. The analyst said the rating reflects an in-line multiple with historical average, which could prove conservative given his above Street subscription revenue estimate.

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PSTG Pure Storage
$26.52 /

-1.065 (-3.86%)

PSTG Pure Storage
$26.52 /

-1.065 (-3.86%)

12/31/21 Stifel
Pure Storage price target raised to $37 from $33 at Stifel
12/31/21 Stifel
HP Enterprise, Pure Storage among Stifel's top 2022 picks in tech supply chain
12/23/21 Deutsche Bank
Hertz, Nio among stocks added to Deutsche Bank's 'Fresh Money List'
12/01/21 Susquehanna
Pure Storage price target raised to $36 from $33 at Susquehanna
PSTG Pure Storage
$26.52 /

-1.065 (-3.86%)

PSTG Pure Storage
$26.52 /

-1.065 (-3.86%)

PSTG Pure Storage
$26.52 /

-1.065 (-3.86%)

Earnings
Plexus lowers Q1 EPS view 80c-84c from $1.01-$1.07, consensus $1.12 » 08:23
01/18/22
01/18
08:23
01/18/22
08:23
PLXS

Plexus

$92.76 /

+0.73 (+0.79%)

Lowers revenue view…

Lowers revenue view $815M-$825M from $825M-$865M, consensus $845.98M. Todd Kelsey, President and CEO, commented, "While the demand environment remains robust, new and unexpected supplier delivery shortfalls in the Americas region resulted in a revenue, GAAP operating margin, GAAP EPS and free cash flow shortfall. We anticipate these supply chain headwinds will persist in the near term. For our fiscal second quarter, we currently anticipate sequential growth in revenue, but limited improvement in GAAP diluted EPS since ongoing costs to support expected robust customer demand and a seasonal increase in compensation expenses will burden profitability. Based upon the strength seen in customer forecasts that are supported by numerous new program ramps, we anticipate sequential growth in revenue and an expansion in profitability during the second half of fiscal 2022. Further, we remain focused on returning to our long-term 9-12% revenue CAGR and 5.5% GAAP operating margin goals."

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PLXS Plexus
$92.76 /

+0.73 (+0.79%)

PLXS Plexus
$92.76 /

+0.73 (+0.79%)

08/23/21 Fox Advisors
Plexus upgraded to Overweight from Equal Weight at Fox Advisors
06/22/21 Sidoti
Plexus upgraded to Buy from Neutral at Sidoti
06/11/21 Loop Capital
Plexus price target raised to $105 from $100 at Loop Capital
05/25/21 Stifel
Plexus warning may be signal that supply constraints will worsen, says Stifel
PLXS Plexus
$92.76 /

+0.73 (+0.79%)

PLXS Plexus
$92.76 /

+0.73 (+0.79%)

Recommendations
Ping Identity price target lowered to $28 from $33 at Mizuho » 06:59
01/18/22
01/18
06:59
01/18/22
06:59
PING

Ping Identity

$20.40 /

+0.25 (+1.24%)

Mizuho analyst Gregg…

Mizuho analyst Gregg Moskowitz lowered the firm's price target on Ping Identity to $28 from $33 and keeps a Neutral rating on the shares. Rising yields and greater inflation concerns have significantly weighed on software stocks over the last month, Broome tells investors in a research note. The analyst lowered price targets for most companies to reflect the rising rate environment. However, his fundamental cannel checks have "continued to be very positive." The software sector's risk/reward has turned favorable and investors will likely be rewarded over the medium-term or sooner, Broome tells investors in a research note.

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PING Ping Identity
$20.40 /

+0.25 (+1.24%)

PING Ping Identity
$20.40 /

+0.25 (+1.24%)

01/11/22 Stephens
Ping Identity named a Best Idea for 2022 at Stephens
01/06/22 Piper Sandler
Ping Identity price target lowered to $25 from $30 at Piper Sandler
01/03/22 Stephens
Wendy's, Kirby and Vizio among Stephens' 2022 Best Ideas
12/02/21 Deutsche Bank
Ping Identity price target lowered to $25 from $28 at Deutsche Bank
PING Ping Identity
$20.40 /

+0.25 (+1.24%)

  • 09
    Nov
  • 16
    Aug
  • 15
    Jun
  • 10
    Oct
PING Ping Identity
$20.40 /

+0.25 (+1.24%)

Thursday
Upgrade
Chegg upgraded to Overweight from Neutral at Piper Sandler » 06:03
01/13/22
01/13
06:03
01/13/22
06:03
CHGG

Chegg

$29.03 /

-0.635 (-2.14%)

Piper Sandler analyst…

Piper Sandler analyst Arvind Ramnani upgraded Chegg to Overweight from Neutral with a price target of $43, down from $54. The shares offer a "compelling GARP" education technology pick following the selloff on diminished visibility and enrollment headwinds. Chegg is a long-term holding as its core growth levers remain intact and the stock is trading below pre-pandemic levels despite being a net beneficiary, Ramnani tells investors in a research note.

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CHGG Chegg
$29.03 /

-0.635 (-2.14%)

CHGG Chegg
$29.03 /

-0.635 (-2.14%)

01/10/22 KeyBanc
Chegg price target lowered to $44 from $56 at KeyBanc
01/05/22 Jefferies
Chegg's web traffic growth improved materially in December, says Jefferies
12/15/21 JPMorgan
Chegg price target lowered to $37 from $50 at JPMorgan
12/13/21 Jefferies
Chegg price target lowered to $55 from $60 at Jefferies
CHGG Chegg
$29.03 /

-0.635 (-2.14%)

  • 18
    Feb
CHGG Chegg
$29.03 /

-0.635 (-2.14%)

CHGG Chegg
$29.03 /

-0.635 (-2.14%)

Wednesday
Recommendations
Impinj price target raised to $100 from $95 at Canaccord » 07:34
01/12/22
01/12
07:34
01/12/22
07:34
PI

Impinj

$86.14 /

+8.16 (+10.46%)

Canaccord analyst T.…

Canaccord analyst T. Michael Walkley raised the firm's price target on Impinj to $100 from $95 and keeps a Buy rating on the shares. The analyst said with the pandemic disrupting global in-store retail sales, he believes the value of Impinj's solutions has been further validated, positioning the company for strong long-term growth.

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PI Impinj
$86.14 /

+8.16 (+10.46%)

01/12/22 Needham
Impinj price target raised to $96 from $63 at Needham
01/11/22 Lake Street
Impinj price target raised to $100 from $76 at Lake Street
01/03/22 Piper Sandler
Impinj price target raised to $100 from $90 at Piper Sandler
12/17/21 Piper Sandler
Impinj price target raised to $90 from $75 at Piper Sandler
PI Impinj
$86.14 /

+8.16 (+10.46%)

PI Impinj
$86.14 /

+8.16 (+10.46%)

Earnings
Impinj sees Q4 revenue exceed $52M, consensus $47.2M » 07:28
01/12/22
01/12
07:28
01/12/22
07:28
PI

Impinj

$86.14 /

+8.16 (+10.46%)

Earlier this week, Impinj…

Earlier this week, Impinj stated that it "expects Q4 revenue to exceed $52M, above its prior guidance of $46.0M- $48.0M".

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PI Impinj
$86.14 /

+8.16 (+10.46%)

01/12/22 Needham
Impinj price target raised to $96 from $63 at Needham
01/11/22 Lake Street
Impinj price target raised to $100 from $76 at Lake Street
01/03/22 Piper Sandler
Impinj price target raised to $100 from $90 at Piper Sandler
12/17/21 Piper Sandler
Impinj price target raised to $90 from $75 at Piper Sandler
PI Impinj
$86.14 /

+8.16 (+10.46%)

PI Impinj
$86.14 /

+8.16 (+10.46%)

Recommendations
Impinj price target raised to $96 from $63 at Needham » 07:24
01/12/22
01/12
07:24
01/12/22
07:24
PI

Impinj

$86.14 /

+8.16 (+10.46%)

Needham analyst James…

Needham analyst James Ricchiuti raised the firm's price target on Impinj to $96 from $63 and keeps a Buy rating on the shares. The analyst cites the company's better than expected Q4 revenue pre-announcement, adding that his fireside chat with management also leaves him more optimistic about Impinj prospects for this year and next. The demand environment for the company remains robust entering 2022, Ricchiuti adds.

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PI Impinj
$86.14 /

+8.16 (+10.46%)

01/11/22 Lake Street
Impinj price target raised to $100 from $76 at Lake Street
01/03/22 Piper Sandler
Impinj price target raised to $100 from $90 at Piper Sandler
12/17/21 Piper Sandler
Impinj price target raised to $90 from $75 at Piper Sandler
12/15/21
Fly Intel: Top five analyst initiations
PI Impinj
$86.14 /

+8.16 (+10.46%)

PI Impinj
$86.14 /

+8.16 (+10.46%)

Recommendations
OpenText price target lowered to $50 from $58 at Barclays » 07:06
01/12/22
01/12
07:06
01/12/22
07:06
OTEX

OpenText

$46.52 /

+0.45 (+0.98%)

Barclays analyst Raimo…

Barclays analyst Raimo Lenschow lowered the firm's price target on OpenText to $50 from $58 and keeps an Equal Weight rating on the shares. The analyst says the main question for software investors in 2022 is not around end demand ,as there are "no issues there," but the correct valuation level for the space. "Are we going back to the long term average, or should software bounce back to the more recent highs given the exciting structural growth profile? We are in the former camp," Lenschow tells investors in a research note.

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OTEX OpenText
$46.52 /

+0.45 (+0.98%)

OTEX OpenText
$46.52 /

+0.45 (+0.98%)

11/09/21 Craig-Hallum
Craig-Hallum downgraded Zix to Hold following acquisition announcement
11/09/21 Northland
Zix downgraded to Market Perform from Outperform at Northland
06/30/21 Barclays
OpenText downgraded to Equal Weight from Overweight at Barclays
02/05/21 Barclays
OpenText price target raised to $55 from $51 at Barclays
OTEX OpenText
$46.52 /

+0.45 (+0.98%)

OTEX OpenText
$46.52 /

+0.45 (+0.98%)

Recommendations
Skyworks price target lowered to $185 from $200 at Barclays » 06:53
01/12/22
01/12
06:53
01/12/22
06:53
SWKS

Skyworks

$156.14 /

+1.88 (+1.22%)

Barclays analyst Blayne…

Barclays analyst Blayne Curtis lowered the firm's price target on Skyworks to $185 from $200 and keeps an Equal Weight rating on the shares. The analyst sees "positive outlooks providing some relief" for the semiconductor group but still struggles with "just how much upside is left as cyclicality still looms for many names."

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SWKS Skyworks
$156.14 /

+1.88 (+1.22%)

SWKS Skyworks
$156.14 /

+1.88 (+1.22%)

01/10/22 KeyBanc
Apple iPhone supply improving but remains tight, says KeyBanc
12/16/21 Piper Sandler
Piper 'skeptical' of Apple bringing wireless chip development in house
12/16/21 KeyBanc
Survey indicates iPhone 13 supply remains heavily constrained, says KeyBanc
11/15/21 KeyBanc
Demand remains strong, shortages limit iPhone 13 sell-through, says KeyBanc
SWKS Skyworks
$156.14 /

+1.88 (+1.22%)

SWKS Skyworks
$156.14 /

+1.88 (+1.22%)

SWKS Skyworks
$156.14 /

+1.88 (+1.22%)

SWKS Skyworks
$156.14 /

+1.88 (+1.22%)

Over a week ago
Recommendations
Impinj price target raised to $100 from $76 at Lake Street » 09:09
01/11/22
01/11
09:09
01/11/22
09:09
PI

Impinj

$78.10 /

-2.77 (-3.43%)

Lake Street analyst Troy…

Lake Street analyst Troy Jensen raised the firm's price target on Impinj to $100 from $76 and keeps a Buy rating on the shares following what he calls "impressive preliminary Q4 results." Positive surprises and favorable momentum continues for "the RFID leader" as quarterly demand has been outpacing shipments for the past several quarters, said Jensen, who believes Impinj is set to see an acceleration over the next several quarters with extremely high backlog levels, reader wafer supply ramping, and IC wafer supply set to improve.

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PI Impinj
$78.10 /

-2.77 (-3.43%)

01/03/22 Piper Sandler
Impinj price target raised to $100 from $90 at Piper Sandler
12/17/21 Piper Sandler
Impinj price target raised to $90 from $75 at Piper Sandler
12/15/21
Fly Intel: Top five analyst initiations
12/15/21 Jefferies
Impinj initiated with a Buy at Jefferies
PI Impinj
$78.10 /

-2.77 (-3.43%)

PI Impinj
$78.10 /

-2.77 (-3.43%)

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