Goldman Sachs analyst Eric Sheridan reaffirms his Buy rating on Spotify, raising the price target to $430. He highlights Spotify’s strong performance, global leadership, and potential for a deluxe tier. Sheridan also anticipates improved margins and a more consistent shareholder return policy.
Proficient Auto Logistics (PAL) shares are trading higher today after Stifel analyst J. Bruce Chan reiterated a Buy rating on the stock despite concerns about potential impacts from ongoing port strikes. Chan believes the auto-hauling sector offers strong yield benefits and that PAL’s stock has been overcorrected for short-term disruptions.
Truist Securities analyst Jordan Levy has initiated coverage on First Solar, Inc. (FSLR) with a ‘Buy’ rating and a price target of $300. Levy highlights First Solar’s competitive edge in the utility-scale solar market, driven by its innovative technology, ongoing R&D investments, and strong contracted backlog. He expects First Solar’s modules to become even more competitive with ongoing technology enhancements and forecasts $640 million in aggregate R&D spend from 2024 to 2026.
Corbus Pharmaceuticals (CRBP) has received reaffirmed Buy ratings from both H.C. Wainwright and Oppenheimer despite a recent stock decline triggered by disappointing data from Novo Nordisk’s obesity drug. Analysts remain optimistic about Corbus’ diverse pipeline, highlighting the potential of its CRB-913 and CRB-701.
BofA Securities analyst Michael McGovern believes Carvana is well-positioned for long-term growth in the fragmented used car market. He expects the company to continue improving unit economics and leverage as growth accelerates, leading to a projected 2025 revenue of $15.45 billion and EBITDA of $1.50 billion.
BofA Securities analyst Vivek Arya reiterates a Buy rating on Nvidia (NVDA) with a $165 price target, citing robust growth opportunities in gaming and data center markets. Despite challenges like Blackwell delays and regulatory scrutiny, Arya believes Nvidia’s long-term potential in AI and its new Blackwell chip remains strong.
B of A Securities analyst Jessica Reif Ehrlich initiated coverage on The Trade Desk (TTD) with a Buy rating and a $135 price target, citing the company’s strategic positioning in the expanding Connected TV and Retail Media ad markets. The analyst believes TTD is well-positioned to benefit from anticipated global growth in these sectors and has ample room for growth in both revenue and profit.
BofA Securities analyst John Murphy has maintained a Buy rating on Ford Motor Co, setting a $20 price target based on the company’s revised product strategy. Murphy believes that Ford’s shift towards focusing on core strengths like commercial vans, large pickup trucks, and long-range SUVs, alongside investments in lowering EV costs, will drive profitability and earnings growth.
Deutsche Bank analyst Justin Bowers initiated coverage on Concentra Group Holdings (CON) with a Buy rating and a $29 price target, citing the company’s strong fundamentals and growth potential. Bowers highlights Concentra’s high-quality healthcare services, mid-teens FCF per share growth potential, and superior center-level margins. The analyst expects Concentra’s inorganic growth to accelerate driven by its strong balance sheet and M&A capabilities.
Jefferies has adjusted its outlook on Meta Platforms, reducing the price target to $540 from $585 while maintaining a Buy rating. The revision reflects an anticipated slowdown in revenue growth in the second quarter and increased expenses. However, Jefferies remains confident in Meta’s ability to generate strong returns due to its history of capitalizing on investment cycles. Meta’s increase in expenses and capital expenditure forecasts for 2024 have also been considered, but Jefferies projects an EPS of $24 in 2025, supporting the $540 price target.
