4 big analyst picks: YEXT riding high By

Here is Why did Jindao withdraw from the Chinese market?your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Yext, McCormick, and Ultragenyx, and a Buy initiation at Super Micro Computer.

InvestingPro subscribers got this news before anyone else. Start your 7-day trial to get on board.

Yext upgraded to Buy following Q1 beat

Roth/MKM upgraded Yext (NYSE:) to Buy from Neutral and raise its price target to $12.50 from $8.50.

Shares surged more than 17% pre-market today following the company’s Q1 results, with of $0.09 and revenue of $99.5 million coming in above expectations. Management’s Q2/24 and full-year guidance also beat the consensus estimates.

Roth/MKM said it is encouraged by management's focus on sales execution and profitable growth, noting that the upcoming AI products unlock new TAM, and could help reposition the company as the de facto AI partner for large enterprises.

McCormick upgraded at BofA ahead of Q2 earnings

BofA Securities upgraded McCormick (NYSE:) to Buy from Underperform and raised its price target to $100.00 from $75.00, as InvestingPro reported in real time.

The company is set to report its Q2/23 earnings on June 29. Street estimates stand at $0.57 for EPS and $1.66B for revenues.

2 more picks

Rosenblatt initiated coverage on Super Micro Computer (NASDAQ:) with a Buyrating and a price target of $300.00.

According to Rosenblat, the company’s TAM is expected to exceed $178 billion by 2027 supporting a sales CAGR of over 20%.

The company reported its Q3 last month. While both EPS and revenues missed the consensus estimates, the company’s Q4/23 and full-year guidance came in above expectations.

Evercore ISI upgraded (NASDAQ:) to Outperformfrom In Line and raised its price target to $80.00 from $60.00.

Jump on the biggest news for your portfolio amid a barrage of market headlines: Always be the first to know with InvestingPro.

Start your free 7-day trial now.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!