Here are the most notable analyst initiation calls investors are watching today, highlighting fresh coverage across retail, cybersecurity, gaming, and biotech:
Erste Group resumed coverage of Ross Stores (ROST) with a Buy rating, saying the retailer is well-positioned to outperform peers on sales growth over the next year. The firm also expects operating margins to expand as Ross benefits from its off-price model and disciplined cost control.
Jefferies analyst Joseph Gallo assumed coverage of Cloudflare (NET) with a Hold rating and raised the price target to $250 from $225. Jefferies cited Cloudflare’s “premium” valuation as a key reason for caution despite the company’s expanding product portfolio and enterprise traction.
Bernstein initiated coverage of SharpLink Gaming (SBET) with an Outperform rating and a $24 price target. The firm expects SharpLink to serve as a “compliant-first, institutional-focused” platform offering access to Ether (ETH) as both an investment and yield-generating asset.
Leerink initiated coverage of Immuneering (IMRX) with an Outperform rating and a $15 price target, highlighting promising Phase 2 data for its lead candidate atebimetinib. The MEK inhibitor has shown meaningful activity in combination with chemotherapy in first-line pancreatic cancer, according to the firm.
Wells Fargo initiated coverage of Immunocore (IMCR) with an Overweight rating and a $60 price target. The firm said Kimmtrak provides a strong “floor value” for the stock, while potential label expansions and pipeline developments could fuel upside over the next year.
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