Barclays raised the firm’s price target on Stem (STEM) to $18 from $13 and keeps an Equal Weight rating on the shares following the Q3 beat. The company tightened its fiscal year guidance due to reduced volatility and stronger software revenue, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STEM: