Street calls of the week: Upgrades for Dupont, Datadog and NetApp
Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Dupont, Datadog and NetApp.DD shares exhibited a robust reaction in the 1.5 days following the announcement, rising approximately 3%. The feedback from investors was positive - the prospect of operating as standalone businesses should generate value through targeted growth and portfolio clarity.
Dupont opened the regular session at $82.44 and closed at $82.08, a gain of 1.18% from the prior day's regular close.Baird’s optimistic stance is primarily driven by the promising prospects of the company’s lead drug, MM120, a novel form of LSD designed to treat generalized anxiety disorder . In a pivotal phase 2b clinical trial, MM120 demonstrated a statistically significant improvement in GAD symptoms compared to a placebo.
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.”Mind Medicine surged 6% after hours on Tuesday as the headlines circulate. As of the regular session open Wednesday, Mind Medicine opened at $8.90 and closed at $8.91, a gain of 6.64% from the prior day's regular close.
In addition to the positive outlook on gross margins, JPMorgan continues to recognize NTAP’s distinct position in the market, particularly in terms of its Cloud services and its leadership in All-Flash Arrays for on-premises solutions. However, this is tempered by a perceived lackluster macroeconomic performance when compared to its peers, who are currently experiencing a more immediate surge in demand driven by Artificial Intelligence advancements.
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