Are you in the know about the latest insights from Wall Street analysts? Delve into the Pro Recap for a rundown of the key highlights shaping the market landscape. Dive deep into the intricate details that can help you navigate the ever-evolving financial world.
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Southern Co
Feel the pulse of the market as Mizuho shifts gears on Southern Company, downgrading it to Neutral with a $90 price target. Despite sporting a 21% P/E premium, Southern Co is facing a scarcity of drivers for further outperformance. However, don’t count it out just yet – strong load growth and a robust capital plan are set to underpin its 5-7% EPS growth rate, ensuring a resilient balance sheet through 2026. -
Shopify
Stirring up the ecommerce scene, Redburn-Atlantic pumps up the volume on Shopify by upgrading it to Buy with a $99 price target. A blend of innovation, social media integration, and Shop Pay magic positions Shopify for a bright future. Projections of a 29% revenue CAGR and a 40% EBIT margin by 2026 accentuate its potential for spectacular growth. -
Resmed
The winds of change blow through ResMed as Wolfe Research downgrades it to Underperform with a $180 price target. Stirring concerns over disruption risks from Lilly’s GLP-1 medication, Wolfe sees a bumpy path ahead. With a projected mid-single-digit growth rate in sight, ResMed is bracing for a challenging terrain in the coming years. -
DoorDash
On the fast lane to success, BTIG hits the throttle by upgrading DoorDash to Buy with a $155 price target. Buckle up for a ride fueled by near-term strength and long-term growth prospects. Positive EBIT and net income are on the horizon, with the rideshare-delivery sector charting a course for sustained growth. - Reddit
Shifting the narrative, B. Riley kicks off coverage on Reddit with a Buy rating and a $75 price target. Riding on Reddit’s unique platform and early monetization phase, growth prospects look promising. With an enticing risk/reward profile and potential for significant leverage, Reddit is poised for an exciting journey ahead.
As the financial landscape continues to evolve, don’t miss out on the opportunity to stay ahead of the curve. Keep your finger on the pulse of the market and seize the potential for growth and success.
