Analysts are intrested in these 5 stocks: ( (PSTG) ), ( (TU) ), ( (HSY) ), ( (RY) ) and ( (VEEV) ). Here is a breakdown of their recent ratings and the rationale behind them.
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Pure Storage has recently seen a shift in analyst sentiment, with Mehdi Hosseini from Susquehanna International Group downgrading the stock from Positive to Neutral. Despite maintaining a price target of $100, concerns about the scalability of hyperscaler revenues and limited visibility into growth rates have prompted a more cautious stance. The company’s ability to source commodity NAND efficiently and its established market presence are noted positives, but the path to sustainable growth remains unclear, leading to a hold recommendation.
Telus has caught the attention of analysts with Aravinda Galappatthige from Canaccord Genuity upgrading the stock to a Buy. The recent sell-off, coupled with the company’s decision to pause dividend growth and provide free cash flow targets through 2028, has positioned Telus as a potentially attractive investment. Despite concerns about a possible dividend cut, the company is expected to maintain its distribution, and asset divestitures could further strengthen its balance sheet, making it an appealing option for investors.
The Hershey Company is navigating through cocoa cost pressures with strategic pricing and innovation, leading to an upgrade to Hold by Scott Marks from Jefferies. While the company’s efforts to diversify into better-for-you snacking with the acquisition of LesserEvil are commendable, challenges remain in balancing pricing and volume elasticity. With a current valuation near the high end of its historical range, Hershey’s potential for earnings growth in the coming years is recognized, but the stock is seen as fairly valued at present.
Royal Bank of Canada has been upgraded to Buy by Tal Lev, reflecting a strong quarterly performance and positive outlook. The bank’s ability to leverage capital markets activity, manage operating leverage, and benefit from HSBC synergies are key drivers of this optimistic view. With a raised price target and expectations of continued positive operating leverage, Royal Bank of Canada is positioned as a strong contender in the financial sector, appealing to investors seeking growth and stability.
Veeva Systems has been initiated with a Buy rating by Craig Hettenbach from Morgan Stanley, highlighting its competitive positioning in the healthcare technology sector. Despite competition from Salesforce, Veeva’s recent win with Roche and its strategic focus on maintaining market share are seen as positive indicators. The company’s long-term potential, particularly in the context of FY28/29, is a focal point for investors, making it a stock to watch in the evolving landscape of healthcare technology.