Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Pinterest, Editas Medicine, Gap, and Adobe, and a downgrade for PTC Therapeutics.Stifel’s analysts report that their checks have been relatively muted in terms of ad spend allocation, and this despite positive feedback on the company’s tech-stack improvements since Bill Ready became CEO.
Buy at Citi means: “ETR of 15% or more or 25% or more for High-risk stocks.”Shares jumped from $6.26 to $6.52 in thin trading around 5AM. EDIT opened the regular session at $6.64 and closed at $6.57, for a gain of 5.1%.Wells analysts argue that the macro environment is likely weighing on the valuation of the entire discretionary sector, which is in a negative revision cycle and trading at trough multiples.
DA’s analysts highlight ADBE’s market leadership in a large and growing total addressable market , its robust and predictable revenue streams, its sustainable competitive advantage, its exceptional financials, its powerful brand, and its shareholder-oriented management team. The analysts also use mobile app data analysis to show that ADBE’s new artificial intelligence features are driving user growth, making it one of the few companies that can claim that.
These headwinds include requests for additional trials and program timeline delays, which lower the chances of success for these programs. Citi’s analysts adjust their probabilities of success for various programs accordingly, resulting in a lower calculated valuation for PTC.
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