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Analysts Shift Gears On New Relic Post-Acquisition: From Outperform To Neutral Ratings And Revised Price Targets

Benzinga

Analysts have mixed reactions to New Relic Inc (NYSE: NEWR ) acquisition by Francisco Partners and TPG Inc (NASDAQ: TPG ). RBC Capital Markets analyst Rishi Jaluria downgraded New Relic to Sector Perform from Outperform at a reduced rating of $87 from $95. The analyst slightly revised estimates for revenues and EPS to $1.025.7

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Google And Apple's Potential AI Partnership Sparks Analyst Optimism, Could Reinforce Google's Leadership in AI Technology

Benzinga

BofA analyst Justin Post reiterated a Buy rating on Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ) Google with a price target of $173. According to reports , Apple Inc (NASDAQ: AAPL ) is discussing licensing the Gemini AI platform with Google for integration into the forthcoming iOS 18 software update.

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3 Catalysts To Drive Growth At Cisco: $28B Splunk Deal Offers 'Great Synergies,' Analyst Says

Benzinga

The Cisco Systems Analyst: Tal Liani upgraded the rating for Cisco Systems from Neutral to Buy, while raising the price target from $55 to $60. However, the current estimates are “adequately low” and growth could accelerate from 2025 onwards, according to BofA Securities.

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ImmunoGen, AbbVie's $10B Deal Comes At 'Right Time' Analyst Says In Downgrade Note

Benzinga

The deal, which is expected to close in mid-2024, represents a “great price” for ImmunoGen, at $31.26 The ImmunoGen Analyst : Joseph Catanzaro downgraded the rating for ImmunoGen from Overweight to Neutral, while raising the price target from $24 to $31. Check out other analyst stock ratings.

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Uber Could Be Brewing A Plan To Enter Grocery Sector: Instacart Stock Spikes On Acquisition Whispers

Benzinga

Uber Technologies Inc (NYSE: UBER ) is reportedly considering the acquisition of grocery delivery company Instacart, according to a recent analyst report. Mathivanan upgraded Instacart’s rating from Peer Perform to Outperform, setting a target price of $35. increase in the stock price, which reached $25.48.

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Royal Gold's Growth Remains 'Modest,' Says Bullish Analyst: 'This Could Change'

Benzinga

Following the slight underperformance of the stock, its valuation appears “more compelling,” given the latest commodity price assumptions, according to BMO Capital Markets.

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Apple's Vision Pro Price Tag, Release Date Find Little Love On The Street: Why One Analyst Says Disney Acquisition More Likely After WWDC

Benzinga

Analysts broke down what the items mean for the tech giant's valuation: Goldman Sachs analyst Michael Ng has a Buy rating and price target of $209. Bank of America analyst Wamsi Mohan has a Neutral rating and a price target of $190.

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