O’Reilly Automotive (ORLY) disappointed investors with its third-quarter earnings report, missing both revenue and earnings estimates. The company also lowered its FY24 guidance, sending shares down slightly in after-hours trading. However, despite the miss, several analysts remain bullish on the stock, raising their price targets.
Tyler Technologies (TYL) exceeded third-quarter earnings expectations and raised its adjusted earnings per share guidance for fiscal year 2024. The company’s strong performance has spurred analysts to increase their price targets, signaling a positive outlook for the stock.
DexCom, Inc. (DXCM) exceeded analysts’ expectations for both earnings and revenue in the third quarter. Despite the positive results, DexCom shares declined slightly on Friday. Several analysts adjusted their price targets for DexCom following the earnings announcement, with some raising their targets and others lowering them.
Wedbush analyst Jay McCanless believes the recent drop in Toll Brothers’ stock due to rising mortgage rates presents a buying opportunity. He points to strong demand from Toll’s competitors and the company’s ability to maintain pricing power, leading to an upgrade to Outperform and a price target increase to $175.
Truist Securities analyst Bertrand Donnes initiated coverage on BKV Corporation (BKV) with a Buy rating and a price target of $24, highlighting the company’s unique ‘closed-loop’ system and strong growth potential across its three segments. The analyst expects BKV to deliver on all three segments by 2025, with the company well-positioned to consolidate Barnett upstream assets, expand its Power JV into data center demand, and pursue larger CCUS projects.
Top Wall Street analysts have adjusted their outlooks on several prominent companies, revising price targets and ratings. This week saw upgrades, downgrades, and maintained ratings across various sectors, impacting companies like ServiceNow, Rocket Lab, Synopsys, and Tesla. Discover the latest analyst insights and how they could influence these stocks.
Norfolk Southern Corporation (NSC) shares have seen a surge in price targets following the company’s impressive third-quarter results. Several analysts have upgraded their ratings and increased their price targets on the stock, citing strong operational improvements and a positive outlook for the future. The company’s focus on operational efficiency, coupled with anticipated increases in shareholder returns and debt reduction, has fueled investor optimism.
Truist Securities has initiated coverage on Guardian Pharmacy Services (GRDN) with a ‘Buy’ rating and a price target of $22. The firm sees a sizable market opportunity for the company, which operates long-term care pharmacies, citing strong industry trends driven by the aging population and an increase in residents at assisted living facilities. Truist believes Guardian’s differentiated scale, suite of capabilities, and strategic market targeting make it well-positioned for growth.
Needham analyst Charles Shi remains bullish on Taiwan Semiconductor Manufacturing Company (TSM), raising his price target to $225 due to the company’s strong third-quarter performance and positive outlook for 2025. Shi expects revenue to reach $110 billion in 2025, driven by volume growth and margin improvement, leading to a potential boost in free cash flow and dividends.
Meta Platforms Inc (META) shares are trading higher on Thursday after multiple analysts raised price targets ahead of the company’s upcoming earnings report. The analysts cite strong ad spending and the potential for growth in messaging and AI as reasons for their bullish outlook.
