Pro Recap: Wall Street Analysts' Top Takeaways

Alarm.com

What happened? On Monday, JPMorgan initiated coverage on Alarm.com Holdings Inc (NASDAQ:ALRM) at Underweight with a $50 price target.

TLDR: Alarm offers scalable cloud security solutions, rated Underweight by JPMorgan due to revenue concerns.

Full story: Alarm has a scalable cloud-monitoring platform for residential and commercial security, with over 12,000 service providers serving 9 million subscribers. JPMorgan's Underweight rating reflects concerns about revenue sustainability, limited margins, and a significant reliance on hardware and non-recurring revenue, leading to its addition to the Analyst Focus List as a Short idea.

Bristol-Myers Squibb

What happened? On Tuesday, Leerink upgraded Bristol-Myers Squibb Company (NYSE:BMY) to Outperform with a price target of $73.

TLDR: Expectations for Cobenfy and milvexian are high, boosting stock performance; long-term projections increased after positive trials.

Full story: Leerink anticipates that positive outcomes for Cobenfy (KarXT) and milvexian will elevate stock expectations, with a projected 5-year CAGR of 1% and EPS growth of 3%. Their 2030 projections are 33% higher than consensus, with potential peak sales exceeding $10 billion. EPS growth is expected to rebound post-2029.

Axalta Coating Systems

What happened? On Wednesday, Evercore initiated coverage on Axalta Coating Systems Ltd (NYSE:AXTA) with an Outperform rating and a $47 price target.

TLDR: AXTA shows 17% EBITDA growth and new leadership, suggesting significant upside potential.

Full story: Under new CEO Chris Villavarayan, Axalta has rebounded with a 17% EBITDA growth in 2023 despite facing past challenges. Evercore sees potential for valuation improvement, given AXTA's lower trading multiples, and suggests a price target reflecting a 17% upside based on improving fundamentals.

Plug Power

What happened? On Thursday, BTIG downgraded Plug Power (NASDAQ:PLUG) to Neutral without a price target.

TLDR: Plug Power is extending liquidity as hydrogen growth slows; cost cuts are essential for margin improvements.

Full story: Plug Power faces headwinds with slower hydrogen demand affecting its margins. The company has raised significant capital to secure liquidity while focusing on cost reductions and product sales to meet its revised margins by late 2025, with management optimistic about funding for strategic initiatives.

SolarEdge

What happened? On Friday, Morgan Stanley downgraded SolarEdge Technologies Inc (NASDAQ:SEDG) to Underweight with a $9 price target.

TLDR: Profitability challenges due to low demand lead Morgan Stanley to lower SEDG's price target by 30%.

Full story: Morgan Stanley expects long-term profitability challenges for SEDG, driven by declining European demand and competitive pricing pressures. With a conservative outlook and a substantial adjustment to 2026 earnings estimates, the target is cut to $9, indicating significant downside potential.