$ADSK, $MSFT, $PFPT, $RDFN, $SMR, $DIS
Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid.
Below is a list of The Street’s Key analysts outlook for Key issues for Monday follows:
Autodesk Inc. (NASDAQ:ADSK) was started with a Buy rating and assigned a 200 price target at Mizuho. The 52-wk trading range is 117.72 – 172.11, and the consensus target price is at 182.64.
Microsoft Corp. (NASDAQ:MSFT): analysts reiterated MSFT as Overweight and the price target was raised to 132 from $120 at Barclays. Microsoft has a 52-wk trading range of 90.28 – 120.85 and a consensus target price at 128.38.
Proofpoint Inc. (NASDAQ:PFPT) was reiterated as Outperform at Wedbush Securities with a 130 price target. The firm’s channel checks point to a positive Q-1 driven by large deals and a growing international contribution from the likes of Latin America and a solid security demand environment and renewals.
Redfin Corp. (NASDAQ:RDFN) was started with an Outperform rating and assigned $30 price target at Wedbush. The firm noted that Redfin is a residential real estate brokerage with a fundamentally different relationship with technology, and the firm sees it capturing market share in a rapidly evolving landscape.
Smartsheet Inc. (NYSE:SMAR) was started as Buy and assigned a 45 price target at Needham. The 52-wk trading range is 13.15 – 33.76, and the consensus target price is at 24.50.
Walt Disney Co. (NYSE:DIS) resumed with an Overweight rating and assigned a 137 price target at JPMorgan after the firm unveiled its streaming service starting at $6.99/month. The analyst call noted that Disney surprised on the Northside at its investor meeting by providing more financial disclosures and by revealing a more content-rich streaming service than previously expected.
Have a terrific week.
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