Upside Prospects: META, DNN, ROP, SPOT, GWRE, PPTA, ESMT - Key Buy Ratings
- June 27th, 2023
- 337 views
Meta Platforms, Inc. (Nasdaq: META), a prominent social media and technology company, was maintained with a Buy rating by Citigroup, who raised the price target from $315 to $360.
Despite $META closing at $287.05 on Tuesday, the revised price target suggests a potential upside of $72.95 or approximately 25.40% based on the investment firm's view.
Denison Mines Corp. (NYSE American: DNN), a leading uranium exploration and development company, was maintained with a Speculative Buy rating by TD Securities, accompanied by a raised price target from $2.25 to $2.5.
With $DNN closing at $1.20 on Tuesday, the adjusted price target indicates a potential upside of $1.30 or about 108.33% according to the financial services firm's analysis.
Roper Technologies, Inc. (NYSE: ROP), a diversified technology company providing solutions in various industries, received coverage initiation from Jefferies with a Buy rating and a price target of $530.
Based on Tuesday's closing price of $470.87, the initiation price target implies a potential upside of $59.13 or approximately 12.54% for $ROP, according to the investment advisory firm's assessment.
Spotify Technology S.A. (NYSE: SPOT), a renowned audio streaming platform, was maintained with a Buy rating by Truist, who raised the price target from $154 to $170.
Despite closing at $158.62 on Tuesday, the adjusted price target reflects a potential upside of $11.38 or about 7.18% for $SPOT, based on the financial services firm's perspective.
Guidewire Software, Inc. (NYSE: GWRE), a leading provider of software solutions for the insurance industry, received an upgrade from Stifel, who raised the rating from Hold to Buy and increased the price target from $75 to $85.
With $GWRE closing at $74.93 on Tuesday, the revised price target implies a potential upside of $10.07 or approximately 13.44% based on the investment banking firm's view.
Perpetua Resources Corp. (Nasdaq: PPTA), a mining company focused on the exploration and development of precious metals, was maintained with a Buy rating by HC Wainwright & Co., who raised the price target from $9 to $10.25.
Based on Tuesday's closing price of $3.68, the adjusted price target suggests a potential upside of $6.57 or about 178.53% for $PPTA, according to the investment banking firm's assessment.
EngageSmart, Inc. (NYSE: ESMT), a technology-enabled customer engagement platform, was maintained with a Strong Buy rating by Raymond James, who raised the price target from $24 to $25.
Despite closing at $18.64 on Tuesday, the adjusted price target implies a potential upside of $6.36 or approximately 34.10% for $ESMT, based on the financial services firm's view.
It is important to note that the potential upsides mentioned for these companies are based on the assessments and recommendations of the respective brokerage/investment firms, reflecting their outlook on the future performance of each company. Investors should conduct their own research and consider other factors before making any investment decisions.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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