Investing
Baidu, DraftKings, Petco, Zoom Video and More Wednesday Afternoon Analyst Calls
Published:
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.
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.