Results for: RBC Capital Markets

Lockheed Martin, a leading defense contractor, reported mixed third-quarter results, exceeding earnings estimates but missing on revenue. RBC Capital Markets analyst Ken Herbert sheds light on the company’s performance, highlighting the strong performance of its Missiles and Fire Control segment and the company’s robust free cash flow. Despite the mixed results, the analyst maintains an optimistic outlook for Lockheed Martin, citing its conservative growth projections and potential for continued share price strength.

RBC Capital Markets analyst Matthew Hedberg initiates coverage of CyberArk Software with an Outperform rating, citing strong growth potential in the identity security market. Hedberg expects CyberArk’s recent acquisition of Venafi to accelerate growth and believes the company can maintain a 20% organic growth rate for several years.

RBC Capital Markets has initiated coverage on IQVIA Holdings Inc. (IQV) with an Outperform rating and a price target of $275. The analyst believes IQVIA’s vast data assets and strong competitive positioning will drive significant earnings growth in the coming years, despite recent headwinds from the COVID-19 pandemic. The company’s unique data collection and expertise in drug development are expected to position it for continued success.

Concentra Group Holdings Inc. (CON) priced its initial public offering (IPO) at $23.50 per share, attracting positive analyst attention from RBC Capital Markets. The firm highlights Concentra’s unique business model with strong growth potential and minimal regulatory risks, leading to an Outperform rating and a price target of $33.