The Latest Breaking News from Jefferies

Jefferies analyst Ashley Helgans initiated coverage of Poshmark Inc (NASDAQ:POSH) with a Hold rating and $14 price target, implying a 10.67% upside. Ashley thinks the asset-light model, higher user engagement, and industry backdrop could turn out to be in its favor. The analyst is doubtful about offsets from the IDFA (identifier for advertisers) impact, reliance…

Jefferies analyst Janardan Menon initiated coverage of Nokia Oyj (NYSE:NOK) with a Buy rating and EUR 6 price target.  Menon sees 2022 as a strong year for telecom equipment makers citing lofty U.S. C-band deployments and improved 5G roll-outs in Europe. Also Read: Why Nokia Shares Are Rising Today Menon expects Nokia to benefit from…

Jefferies analyst Brent Thill notes Microsoft Corp's (NASDAQ: MSFT) emerging Power Platform has "an outsized impact via a halo effect" on the entire Microsoft suite.

Boeing Co (NYSE:BA) is said to be testing suppliers' capacity to meet 787 Dreamliner output scenarios as high as seven a month by end-2023, Reuters reported, citing three people with knowledge of the matter. Boeing has discussed ambitious scenarios with parts makers as it surveys an industry crippled by successive crises and…

Roblox Corp (NYSE: RBLX) is trading lower Thursday after Jefferies analyst Andrew Uerkwitz maintained the stock with a Hold rating and lowered the price target from $60 to $50.

Analysts painted a sharp upside to CrowdStrike Holdings Inc (NASDAQ:CRWD) after it reported a stronger than expected Q4 and initial FY23 growth outlook. ARR rose 65% Y/Y and grew to $1.73 billion, of which $216.9 million was net new ARR added in Q4. BTIG analyst Gray Powell upgraded to Buy from Neutral with a $257 PT (51.4%…

Caterpillar Inc (NYSE: CAT) is leading the Dow Jones higher Tuesday after Jefferies analyst Stephen Volkmann upgraded the stock from a Hold rating to a Buy rating and raised the price target from $215 to $260.

Jefferies analyst Stephen Volkmann upgraded Caterpillar Inc (NYSE:CAT) to Buy from Hold and raised the price target to $260 (an upside of 26%) from $215. Volkmann's prior Hold rating had been based on concerns that constrained CAPEX and ESG themes in mining and oil and gas markets that accounted for about 40% of Caterpillar revenue,…

Ardelyx Inc (NASDAQ:ARDX) shares are trading higher after Jefferies upgraded shares to Buy from Hold and raised the price target on the stock to $5 from $1. Analyst Chris Howerton thinks Ardelyx "stands out" given that the Company has an approved IBS-C product, Isbrela, that will launch in April and whose commercial…

Jefferies has cut Gemini Therapeutics Inc (NASDAQ: GMTX) to Hold as the Company explores alternatives.

GoPro Inc’s (NASDAQ: GPRO) online strategic realignment to a subscription-based model has been impressive, enabling the company to expand margins and offer “greater go-forward visibility,” according to Jefferies.