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): 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.
These five red-hot energy companies not only deliver dependable big dividends, but their stocks have the potential to shoot higher as oil nears the $70 a barrel level. They are solid ideas for investors looking to have a position in the sector while generating consistent income.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
