Today's Most Important Initiations

Rosenblatt initiated coverage on Bentley Systems Inc. (NASDAQ: BSY) with a Buy rating and a price target of $37.00, noting that the company entered a period of stable revenue and margin growth, driven by internal and external factors, that should reward investors with a longer-term focus. Shares gained more than 4% today.

Digital Turbine (NASDAQ: APPS) shares surged more than 12% today after BofA Securities initiated coverage on the company with a Buy rating and a price target of $24.00.

Susquehanna initiated coverage on SunPower (NASDAQ: SPWR) with a Positive rating and a price target of $25.00, expecting the company’s residential systems and component sales to grow at nearly 2x the market over the next three years. The analysts expect profitability to improve over the next few years with higher storage/financial products attach rates and lower customer acquisition costs, along with incremental pricing power.

H.C. Wainwright initiated coverage on Lyell Immunopharma (NASDAQ: LYEL) with a Buy rating and a price target of $12.00. The analysts view the company as a leader in solid tumor cell therapy, with its two ex vivo epigenetic reprogramming technologies, Gen-R and Epi-R.

By Davit Kirakosyan

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