Baidu, DraftKings, Petco, Zoom Video and More Wednesday Afternoon Analyst Calls
24/7 Wall St. looks at some big analyst calls that we have seen so far on Wednesday, including Baidu, DraftKings, Petco and Zoom Video.
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With the trading day more than halfway over, the markets were moving higher. Each of the major indexes posted a gain of at least 0.4% on a strong push from the tech sector. This is also a welcome move from the dip that investors saw last week.
24/7 Wall St. is reviewing some big analyst calls seen on Wednesday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.
For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Wednesday that included Alphabet, Canopy Growth, Facebook, Microsoft, Salesforce and more.
Baidu Inc. (NASDAQ: BIDU | BIDU Price Prediction): Daiwa Securities initiated coverage with a Buy rating and a $335 price target. The shares traded near $198 on Wednesday, in a 52-week trading range of $108.20 to $354.82. The consensus price target is $314.54.
Broadcom Inc. (NASDAQ: AVGO): Piper Sandler reiterated an Overweight rating and raised its price target to $525 from $500. Shares were trading around $475, in the 52-week range of $292.41 to $495.14. The consensus price target is $512.85.
DraftKings Inc. (NASDAQ: DKNG): Morgan Stanley reiterated an Overweight rating and cut the price target to $58 from $63. The stock traded near $49 on Wednesday, in a 52-week range of $27.54 to $74.38. It has a consensus price target of $70.85.
Hewlett Packard Enterprise Co. (NYSE: HPE): Credit Suisse reiterated an Underperform rating and raised its price target to $13 from $12. On Wednesday, the stock traded around $16. The 52-week trading range is $8.28 to $16.74. The consensus price target is $16.34.
Petco Health & Wellness Co. Inc. (NASDAQ: WOOF): Citigroup resumed coverage with a Buy rating and a $31 price target. The stock traded near $23 on Wednesday, in a 52-week range of $17.86 to $31.08. It has a consensus price target of $27.80.
Vimeo Inc. (NASDAQ: VMEO): Jefferies initiated coverage with a Buy rating and a $50 price target. Also, Cowen initiated coverage at Outperform with a $56 price target. The stock was changing hands at roughly $43 on Wednesday, in a 52-week range of $38.00 to $57.00.
Zoom Video Communications Inc. (NASDAQ: ZM): JPMorgan reiterated a Neutral rating and raised its price target to $456 from $385. Shares were trading around $328, in the 52-week range of $196.10 to $588.84. It has a consensus price target of $426.02.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
