A software giant and a home improvement retailer were among the stocks being talked about by analysts on Tuesday.
Piper Sandler upgraded shares of Salesforce to overweight, with its new price target implying upside of more than 20%. Lowe's, meanwhile, got an upgrade to outperform at Oppenheimer. Check out the latest calls and chatter below. All times ET. 7:03 a.m.: Oppenheimer initiates Pinterest, cites a 'compelling flywheel' Pinterest shares could surge nearly 50%, according to Oppenheimer.
mountain PINS year to date The analyst also views integrations with Amazon and Google as a major benefit for Pinterest that can help improve cost effectiveness metrics for advertisers. "While PINS's base is the smallest among social media companies, we see upside to engagement and the valuation is attractive at 12x EBITDA," Helfstein said. — Samantha Subin 6:39 a.m.
mountain 2024-06-28 in Q3 — Samantha Subin 5:45 a.m.: Piper Sandler upgrades Salesforce Piper Sandler is turning more bullish on shares of Salesforce . "We are upgrading CRM to overweight based on a favorable risk-reward given the potential for per share to double to $20+ by F2029 from $9.65 in F2024 , even if top-line growth remains at subdued levels of 8-9%," wrote analyst Brent Bracelin.
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