Inside the Market’s roundup of some of today’s key analyst actions
Touting it as a “good idea” for investors to take advantage of a likely rebound in the North American application software industry, Citi analyst Tyler Radke added) to the firm’s “U.S. Focus List” on Wednesday, believing “the stock’s event path offering accelerating revenue growth in 2H24 with profitability set to inflect in 2025.”, Mr.
After raising his earnings expectations for both fiscal 2024 and 2026, Mr. Radke seeds an “attractive” entry point to Shopify with the risk-reward proposition in favour of investors. Maintaining his “buy” recommendation, he increased his target by US$1 to US$96. The current average on the Street is US$75.49, according to LSEG data.
) from “above Street expectations to below as pricing tactics continue to disappoint and undermine sector growth and margins as well as valuations” on Wednesday. Maintaining an “outperform” recommendation for Telus shares, the analyst reduced his target to $23 from $25. The current average is $25.23. Keeping an “outperform” rating for BCE shares, Mr. Shine lowered his target to $50 from $52. The average is $50.06.“With just a brief press release and no word from management, we remain concerned about VGCX’s ability to make its quarterly debt repayments as operations are suspended for an unknown period,” he said.
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