The Latest Breaking News from Stifel

Analysts lowered their price target on Evolv Technologies Holdings Inc (NASDAQ:EVLV) following the release of Q4 results. Stifel downgraded the rating on Evolv to Hold from Buy and reduced the price target to $2 (an upside of 23%) from $10. Analyst Brad Reback notes the company reported a "fairly pedestrian quarter." Reback specifies Evolv's FY22…

EV charging equipment and services provider Blink Charging Co's (NASDAQ:BLNK) price target has been lowered to $30 (an upside of 41.6%) from $39 by Stifel analyst Stephen Gengaro. The analyst maintained his Hold rating on BLNK's shares. Related: Blink Charging's Q4 Results Gengaro increased his 2022-23 revenue estimates while reducing his EBITDA prediction. He also expects Blink…

Stifel analyst Erik Rasmussen initiated coverage of Spire Global Inc (NYSE:SPIR) with a Buy rating and a price target of $6, implying an upside of 181.7%. Spire is "one of the best-positioned NewSpace companies," argues Rasmussen, who believes they are "on the cusp of a very large and growing opportunity for space-based analytics." Rasmussen…

Stifel has reiterated a Buy rating and $85 price target on ChemoCentryx Inc (NASDAQ:CCXI) following the Q4 results. Analyst Dae Gon Ha says he is "perplexed" by the pronounced weakness on what he views as a positive-launch quarter.  Ha tells investors in a research note that 127 patient start forms and 71% conversion rate strike…

Analysts cut their price targets on Sprout Social Inc (NASDAQ:SPT) post Q4 results. Needham analyst Scott Berg lowered the price target to $75 from $160 (37% upside) given the significant multiple compression across high growth software but kept a Buy.  The company's Q4 results were "impressive," highlighted by the acceleration of upmarket demand, record large…

Shares of Teladoc Health, Inc. (NYSE: TDOC) shares are lower after the telemedicine company issued below-consensus guidance for the first quarter.

Multiple analysts initiated coverage on Credo Technology Group Holding Ltd (NASDAQ:CRDO) with a positive stance. Goldman Sachs analyst Toshiya Hari initiated coverage on Credo with a Buy rating and price target of $23 (51.3% upside). Stifel analyst Tore Svanberg initiated coverage on Credo with a Buy rating and price target of $20 (31.6% upside). BofA analyst Vivek…

Joining Blackstone on the list of new buys by top funds, financial advisor Stifel tests a buy point in choppy market conditions.

Analyst opinions remain divided over Paycom Software Inc (NYSE:PAYC) post Q4 results. Piper Sandler analyst Arvind Ramnani raised the price target on Paycom to $505 from $498 (40% upside) and reiterated an Overweight.  Paycom's Q4 results "were robust all-around" as revenue came in well above expectations driven by a healthy demand environment, Ramnani says. Stifel analyst Brad…