US research roundup: Airbnb, Cloudflare, Royal Gold
ABNB•Analysts revised price targets for several U.S.-listed companies. Airbnb targets were raised by four firms, Cloudflare received two increases and two cuts, and National Bank of Canada raised Royal Gold’s target to $300 from $285.
1. Selected target changes
B. Riley raised its Airbnb target to $230 from $210, while Canaccord Genuity, Piper Sandler and TD Cowen also raised their targets. For Cloudflare, JPMorgan raised its target to $375 from $350 and Piper Sandler to $337 from $333; RBC and Scotiabank cut theirs to $350 from $405 and $360 from $390, respectively.
2. Other analyst actions
National Bank of Canada raised its Royal Gold target to $300 from $285. The roundup also lists target changes for companies including Martin Marietta Materials, whose targets were cut by RBC and Jefferies, and Targa Resources, whose target Raymond James raised to $344 from $340.
