Wall Street analysts have been making adjustments to their outlook on several prominent companies, leading to changes in price targets and ratings. Here’s a rundown of some of the key shifts:
Asana, Inc. (ASAN)
: Piper Sandler lowered its price target for Asana from $14 to $12, maintaining a Neutral rating. Asana shares dropped by 5.5% to close at $13.29 on Tuesday.Praxis Precision Medicines, Inc. (PRAX)
: Needham increased its price target for Praxis Precision from $145 to $151, affirming a Buy rating. Praxis Precision Medicines shares rose by 4.2% to close at $55.38 on Tuesday.Zscaler, Inc. (ZS)
: Needham decreased its price target for Zscaler from $290 to $235. However, the analyst maintained a Strong Buy rating. Zscaler shares declined by 3.4% to close at $193.19 on Tuesday.Amphenol Corporation (APH)
: B of A Securities reduced its price target for Amphenol from $80 to $71 and downgraded the stock from Buy to Neutral. Amphenol shares fell by 8.2% to close at $61.91 on Tuesday.Nouveau Monde Graphite Inc. (NMG)
: HC Wainwright & Co. lowered its price target for Nouveau Monde Graphite from $3.25 to $3 while maintaining a Buy rating. Nouveau Monde Graphite shares dropped by 2.9% to close at $1.53 on Tuesday.Sweetgreen, Inc. (SG)
: TD Cowen raised its price target for Sweetgreen from $31 to $43 and upgraded the stock from Hold to Buy. Despite the upgrade, Sweetgreen shares declined by 7.4% to close at $29.27 on Tuesday.Ball Corporation (BALL)
: Morgan Stanley increased its price target for Ball from $69 to $78 and upgraded the stock from Equal-Weight to Overweight. Ball shares rose by 0.5% to close at $63.90 on Tuesday.Sportsman’s Warehouse Holdings, Inc. (SPWH)
: Baird lowered its price target for Sportsman’s Warehouse from $4 to $2.5, maintaining a Neutral rating. Sportsman’s Warehouse shares closed at $2.09 on Tuesday.GitLab Inc. (GTLB)
: B of A Securities increased its price target for GitLab from $66 to $68 and maintained a Buy rating. GitLab shares closed at $44.68 on Tuesday.Philip Morris International Inc. (PM)
: B of A Securities increased its price target for Philip Morris from $125 to $139 and maintained a Buy rating. Philip Morris shares closed at $125.71 on Tuesday.These analyst ratings provide valuable insights into market sentiment and potential future performance of these companies. However, investors should always conduct their own research and consult with a financial advisor before making any investment decisions.
