Midday movers: CrowdStrike, HPE, Intel rise; Dollar Tree falls

Snowflake Inc. (SNOW) PT Lowered to $160 at Jefferies

Jefferies analyst Brent Thill lowered the price target on Snowflake Inc. (NYSE: SNOW) to $160.00 (from $210.00) while maintaining a Buy rating.

The analyst comments "SNOW is in a transition year with a product cycle and a new CEO. As it races... More

Argus Upgrades HP Enterprise (HPE) to Buy

Argus analyst Jim Kelleher upgraded HP Enterprise (NYSE: HPE) from Hold to Buy with a price target of $26.00.

The analyst comments "We are raising our intermediate-term rating on Hewlett Packard Enterprise to BUY from HOLD, based on the company's strong positioning and... More

Dollar Tree (DLTR) PT Lowered to $149 at Deutsche Bank

Deutsche Bank analyst Krisztina Katai lowered the price target on Dollar Tree (NASDAQ: DLTR) to $149.00 (from $151.00) while maintaining a Buy rating.

The analyst comments "The much anticipated announcement of a strategic review of Family Dollar which could include a possible sale of the business was more than offset... More

Citi Downgrades Dollar Tree (DLTR) to Neutral

Citi analyst Paul Lejeuz downgraded Dollar Tree (NASDAQ: DLTR) from Buy to Neutral with a price target of $120.00 (from $163.00).

The analyst comments "We are downgrading DLTR from Buy to Neutral. The DLTR story had two key parts (that underpinned of our previous Buy... More

Dollar Tree (DLTR) PT Lowered to $136 at Evercore ISI

Evercore ISI analyst Michael Montani lowered the price target on Dollar Tree (NASDAQ: DLTR) to $136.00 (from $138.00) while maintaining a In Line rating.

The analyst comments "Dollar Tree is making difficult but necessary choices to evolve the business amidst a challenging consumer backdrop. 1Q Comp... More

Dollar Tree (DLTR) PT Lowered to $135 at JPMorgan

JPMorgan analyst Matthew Boss lowered the price target on Dollar Tree (NASDAQ: DLTR) to $135.00 (from $152.00) while maintaining a Overweight rating.

The analyst comments "Near-term, mgmt guided 2Q EPS of $1.00 to $1.10 incl. $0.10 negative impact from loss of Marietta distribution center (bracketing Consensus at... More

Dollar Tree (DLTR) PT Lowered to $155 at Telsey

Telsey analyst Joseph Feldman lowered the price target on Dollar Tree (NASDAQ: DLTR) to $155.00 (from $160.00) while maintaining a Outperform rating.

The analyst comments "Dollar Tree reported mixed 1Q24 earnings, with inline operating margin and EPS, but softer sales, especially at the core Dollar Tree related to weak Easter... More

Needham Downgrades WalkMe Ltd. (WKME) to Hold

Needham analyst Scott Berg downgraded WalkMe Ltd. (NASDAQ: WKME) from Buy to Hold.

The analyst comments "Before market open, SAP announced it was acquiring WalkMe in an all-cash transaction valuing the company at $14 per share or a market value of ~$1.4B. The offer... More

Telsey Reiterates Market Perform Rating on Hibbett Sports (HIBB)

Telsey analyst Cristina Fernandez reiterated a Market Perform rating and $87.50 price target on Hibbett Sports (NASDAQ: HIBB).

The analyst comments "Hibbett's 1Q24 result paints a mixed picture of the athletic apparel and footwear sector, with sales of $447MM and the comp of (5.8%) coming in below our inline projection of $453MM and (4.0%) (FactSet [FS] consensus -4.3%), respectively. We attribute the softness to a... More

RBC cuts Snowflake (SNOW) target following analyst day

Snowflake (NYSE: SNOW) held its Summit 2024 and annual Analyst Day in San Francisco on Tuesday. Here's how analysts reacted:

Following the event, RBC Capital maintained an Outperform rating on the stock but cut the price target to $183 from $226 per share, saying the event did not significantly change their thesis.

"The focus centered on 1) the data cloud market is expected to be a $342B CY/28E TAM, 2) the company is focused on a... More

Evercore ISI Closes Tactical Outperform Call on HP Enterprise (HPE)

Evercore ISI analyst Amit Daryanani reiterated an In Line rating and $22.00 price target on HP Enterprise (NYSE: HPE).

The analyst comments "We are closing our tactical outperform call on HPE following solid Apr-qtr earnings. HPEs Apr-qtr results came in ahead of expectations particularly on the AI front with shipments growing from ~$400M LQ to ~$900M during the Apr-qtr, and more importantly HPE sounded incrementally more positive on the AI opportunity going forward with demand from sovereigns and enterprise... More

Oppenheimer Reiterates Outperform Rating on Deere (DE)

Oppenheimer analyst Noah Kaye reiterated an Outperform rating and $465.00 price target on Deere (NYSE: DE)

The analyst comments "In a Form 8-K this morning, DE addressed reports of announced salary workforce layoffs, while confirming FY24 guidance. Media reports of the layoffs... More

Dollar Tree (DLTR) PT Lowered to $115 at Jefferies

Jefferies analyst Randal J. Konik lowered the price target on Dollar Tree (NASDAQ: DLTR) to $115.00 (from $128.00) while maintaining a Hold rating.

The analyst comments "While DLTR's top line beat mgmt's guidance and EPS was in line with expectations, DLTR witnessed SSS headwinds from a... More

CrowdStrike Holdings (CRWD) PT Raised to $400 at FBN Securities

FBN Securities analyst Shebly Seyrafi raised the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $400.00 (from $390.00) while maintaining a Outperform rating.

The analyst comments "We retain our Outperform rating on CRWD and raise our PT from $390 to $400 following its strong... More