Street calls of the week: Micron upgraded, downgrade for ZoomInfo
Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Micron, Insulet, Cheesecake Factory andDespite boarding the train a tad late, Baird perceives significant upside possibilities for Micron, particularly in light of the stock’s recent pullback. This view is in contrast with the progressively positive trends emerging in DRAM, as per their latest channel checks.
Outperform at Baird means “Expected to outperform on a total return, risk-adjusted basis the broader U.S. equity market over the next 12 months.”Micron opened the regular session at $119.04 and closed at $120.13 , a gain of 4.73% from the prior day regular close.Baird has learned over the years that to truly understand the valuation of some of these high-flying, high-growth, dream-the-dream stories, it needs to extend modeling duration versus the comfort of just one, three, or even five years.
Outperform at Wolfe means “The security is projected to outperform analyst's industry coverage universe over the next 12 months.”Insulet opened the regular session at $183.01 and closed at $184.28, a decline of 4.47% from the prior day regular close.Goldman is moving to a Sell position due to the increased lack of visibility around an inflection in the aforementioned trends.
Sell at Goldman mean “Analysts recommend stocks as Buys or Sells for inclusion on various regional Investment Lists. Being assigned a Buy or Sell on an Investment List is determined by a stock’s total return potential relative to its coverage universe.”ZoomInfo opened the regular session at $12.12 and closed at $12.14, a decline of roughly 25% from the prior day regular close of $16.02.
Outperform at Raymond James mean “The security is expected to appreciate or outperform the S&P 500 over the next 12-18 months. For higher yielding and more conservative equities, such as REITs and certain MLPs, an Outperform rating is used for securities where Raymond James is comfortable with the relative safety of the dividend and expects a total return modestly exceeding the dividend yield over the next 12-18 months.”Cheesecake Factory opened the regular session at $36.
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