Wall Street analysts have been busy adjusting their outlooks on a number of prominent companies, issuing both price target changes and rating upgrades and downgrades. Here’s a rundown of some key moves:
CrowdStrike Holdings, Inc. (CRWD):
Bernstein lowered the price target for CrowdStrike from $381 to $315 while maintaining an Outperform rating. Despite the reduced target, CrowdStrike shares closed up 0.8% on Friday at $262.54.
Palo Alto Networks, Inc. (PANW):
Rosenblatt increased the price target for Palo Alto Networks from $300 to $345 but kept a Neutral rating. Palo Alto shares finished the day down 2.7% at $334.11.
AngloGold Ashanti plc (AU):
Scotiabank raised the price target for AngloGold Ashanti from $27 to $30, but downgraded the stock from Sector Perform to Sector Underperform. Despite the downgrade, AngloGold Ashanti shares gained 3.5% to close at $31.47.
Bloomin’ Brands, Inc. (BLMN):
Citigroup cut the price target for Bloomin’ Brands from $22 to $20 while maintaining a Neutral rating. Bloomin’ Brands shares ended Friday up 0.1% at $17.27.
Snowflake Inc. (SNOW):
Barclays slashed the price target for Snowflake from $191 to $146, but kept an Equal-Weight rating. Despite the reduced target, Snowflake shares closed up 0.8% at $128.04.
Progyny, Inc. (PGNY):
JP Morgan decreased the price target for Progyny from $41 to $31, but maintained an Overweight rating. Progyny shares ended Friday up 0.9% at $21.04.
Genasys Inc. (GNSS):
Ascendiant Capital boosted the price target for Genasys from $4.25 to $4.75 and maintained a Buy rating. Genasys shares rose 3% to close at $2.74.
Metagenomi, Inc. (MGX):
Chardan Capital lowered the price target for Metagenomi from $17 to $15, while maintaining a Buy rating. Metagenomi shares closed down 3.8% at $2.82.
Cogent Communications Holdings, Inc. (CCOI):
Citigroup increased the price target for Cogent Communications from $70 to $82 and kept a Buy rating. Cogent Communications shares ended the day down 0.1% at $73.46.
The Williams Companies, Inc. (WMB):
Barclays raised the price target for Williams from $41 to $42 and kept an Equal-Weight rating. Williams shares closed up 0.6% at $44.13.These analyst rating changes offer valuable insights into the current market sentiment and potential future performance of these companies. Investors are encouraged to carefully consider these ratings in conjunction with their own research before making any investment decisions.
