© Reuters.
By Davit Kirakosyan
Wedbush raised its price target on SoFi Technologies Inc. (NASDAQ:) to $8.00 from $6.00 while maintaining an Outperform rating. Shares surged more than 12% today after the company reported better-than-expected and offered a positive full-year forecast.
Jefferies raised its price target on Boeing (NYSE:) to $250 from $240, maintaining a Buy rating, citing the company’s Q4 results, highlighted by its positive FCF, as one reason for the price target lift. However, the firm acknowledged that commercial profitability remains elusive.
The firm added that the key is increasing production supporting deliveries, which rise to 561 and 713 in 2023 and 2024, up from 480 in 2022, which supports FCF increasing to $3.7 billion and $7.2B in 2023 and 2024, respectively.
Furthermore, the analyst states that Q4 MAX deliveries point to 2023 acceleration.
Jefferies raised the price target on Meta Platforms Inc. (NASDAQ:) to $175.00 from $155.00 while maintaining a Buy rating. Meta, as well as a number of Big Tech stocks, fell today amid speculation of this week’s . Meta shares were down around 3% today.
Deutsche Bank lowered the price target on Southwest Airlines Company (NYSE:) to $52.00 from $56.00 while maintaining a Buy rating. Shares fell more than 2% today.
JPMorgan raised the price target on Caesars Entertainment (NASDAQ:) to $67.00 from $60.00 while maintaining an Overweight rating. Shares closed more than 3% lower today.
Deutsche Bank lowered the price target on Charles Schwab Corp. (NYSE:) to $107.00 from $120.00 while maintaining a Buy rating.
KeyBanc lowered the price target on Alphabet (NASDAQ:) to $117.00 from $118.00 while maintaining an Overweight rating. Shares closed more than 2% lower today.
Raymond James lowered the price target on First Bancorp (NASDAQ:) to $45.00 from $49.00 while maintaining an Outperform rating.
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