Midday movers: AMC Entertainment, GameStop fall; Dell rises

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Boot Barn (BOOT) PT Raised to $140 at UBS

May 17, 2024 5:58 AM UTC

UBS analyst Jay Sole raised the price target on Boot Barn (NYSE: BOOT) to $140.00 (from $108.00) while maintaining a Buy rating.

The analyst comments "Our $140 PT is based on ~19x our $7.25 FY27E EPS. Our prior PT was based on ~17x our prior $6.25... More

Walmart (WMT) PT Raised to $70 at Telsey

May 17, 2024 5:10 AM UTC

Telsey analyst Joseph Feldman raised the price target on Walmart (NYSE: WMT) to $70.00 (from $68.00) while maintaining a Outperform rating.

The analyst comments "Walmart reported strong 1Q24 results, reflecting continued share gains driven by its omnichannel model and excellent execution. The company reported 1Q24 EPS of $0.60, beating our projection of $0.52 and the... More

Walmart (WMT) PT Raised to $75 at BofA Securities

May 17, 2024 4:49 AM UTC

BofA Securities analyst Robert Ohmes raised the price target on Walmart (NYSE: WMT) to $75.00 (from $67.00) while maintaining a Buy rating.

The analyst comments "We reiterate Buy on WMT & raise PO to $75 (was $67) based on 28-29x our +10c F26E adj.... More

Walmart (WMT) PT Raised to $72 at CFRA

May 16, 2024 3:16 PM UTC

CFRA analyst Arun Sundaram raised the price target on Walmart (NYSE: WMT) to $72.00 (from $68.00) while maintaining a Buy rating.

The analyst comments "We lift our 12-month target to $72 from $68, 27.2x our FY 26 (Jan.) EPS of $2.65 (up from $2.61; FY 25's up to $2.46 from $2.42) vs.... More

Edward Jones Reiterates Hold Rating on Walmart (WMT)

May 16, 2024 2:12 PM UTC

Edward Jones analyst Brian Yarbrough reiterated a Hold rating on Walmart (NYSE: WMT).

The analyst comments "We rate shares of Walmart a Hold. We are concerned about the investments into the business limiting operating profit growth and lower profits from the e-commerce... More

RBC Capital Reiterates Outperform Rating on Walmart (WMT)

May 16, 2024 1:59 PM UTC

RBC Capital analyst Steven Shemesh reiterated an Outperform rating and $62.00 price target on Walmart (NYSE: WMT).

The analyst comments "The bar was high, but WMT delivered. Walmart US comp sales grew +3.8% (RBCe +4.0% / cons. +3.7% / we believe the buyside was hovering around +3.5%) and grew cc operating profit +12.9%... More

Walmart (WMT) PT Raised to $75 at Jefferies

May 16, 2024 1:30 PM UTC

Jefferies analyst Corey Tarlowe raised the price target on Walmart (NYSE: WMT) to $75.00 (from $70.00) while maintaining a Buy rating.

The analyst comments "WMT reported a strong top- and bottom-line beat and raised its F'25 guidance. SSS growth remains healthy, driven by transactions... More

Dell (DELL) PT Raised to $165 at Evercore ISI, 'best positioned to become the market leader'

May 16, 2024 6:04 AM UTC

Evercore ISI analyst Amit Daryanani raised the price target on Dell (NYSE: DELL) to $165.00 (from $140.00) while maintaining a Outperform rating.

The analyst comments "Our understanding is that DELL has won a large portion of business for Teslas AI server buildout which would be INCREMENTAL to their current ~$2.9B AI backlog (shipped ~$800M in AI server revenues LQ) but was likely embedded in their pipeline commentary.... More

monday.com Ltd. (MNDY) PT Raised to $240 at UBS

May 16, 2024 4:53 AM UTC

UBS analyst Taylor McGinnis raised the price target on monday.com Ltd. (NASDAQ: MNDY) to $240.00 (from $220.00) while maintaining a Neutral rating.

The analyst comments "Following a pullback in MNDY shares and elevated SMB investor fears, MNDY posted a solid 3% revs beat (in-line with the avg quarterly beat ), stable DBNR of 110% despite expectations for a Q/Q decel,... More

monday.com Ltd. (MNDY) PT Raised to $230 at DA Davidson

May 15, 2024 4:03 PM UTC

DA Davidson analyst Gil Luria raised the price target on monday.com Ltd. (NASDAQ: MNDY) to $230.00 (from $190.00) while maintaining a Neutral rating.

The analyst comments "We maintain our NEUTRAL rating and raise our price target from $190 to $230 on Monday.com following strong... More

monday.com Ltd. (MNDY) PT Raised to $250 at Needham

May 15, 2024 12:30 PM UTC

Needham analyst Scott Berg raised the price target on monday.com Ltd. (NASDAQ: MNDY) to $250.00 (from $230.00) while maintaining a Buy rating.

The analyst comments "We maintain our Buy rating and raise our price target after Monday.com reported exceptional 1Q financial results... More

Boot Barn (BOOT) PT Raised to $123 at Williams Trading, 'Buy BOOT'

May 15, 2024 12:07 PM UTC

Williams Trading analyst Sam Poser raised the price target on Boot Barn (NYSE: BOOT) to $123.00 (from $113.00) while maintaining a Buy rating.

The analyst comments "Buy BOOT, but don't use the spurs just yet. We are raising our PT from $113 to $123. We are... More

Walt Disney (DIS) stock falls following conference comments

May 15, 2024 11:56 AM UTC

Walt Disney (NYSE: DIS) shares fell 3% Wednesday following comments from Chief Executive Officer Bob Iger at a media investment conference hosted by MoffettNathanson.

According to reports, Iger stated that marketing expenses for the Disney+ streaming service are excessively high. As... More