Analysts’ Updated EPS Estimates for May 29th (ADSK, BBY, BSY, COST, DOO, ENLT, ESTC, FFIV, MANH, MDA)
Analysts updated EPS/ratings for several stocks ahead of May 29. DA Davidson reaffirmed buy ratings for Autodesk ($325) and Best Buy ($78) and reiterated neutral for Costco ($1,000) and buy for MongoDB ($375). Barclays cut Bentley ($49→$40), Elastic ($76→$68), and Manhattan ($239→$201) but raised F5 ($292→$386), Okta ($93→$120), and others; Stifel downgraded BRP to hold ($85).
How this was made
The 30-second read
Why it matters
These updates can affect near-term positioning (especially for names with large target changes), but the article provides no new company-specific operational or financial datapoint.
Market read
Use the target/rating directionality as a sentiment input for next-session positioning; treat as incremental unless consensus shifts.
What to watch
Traders should check whether other banks simultaneously moved targets; single-firm changes often underperform when consensus is stable.
Background
The piece is a compilation of analyst estimate/target updates for multiple stocks, mostly tied to rating reaffirmations or target trims/raises.
Ticker impact
DA Davidson reaffirmed a buy rating and set a $325 target for Autodesk, updating the Street’s stance.
Mild positive bias; likely limited unless consensus shifts materially.
This is a rating/target update without new fundamentals; impact typically fades unless it changes consensus.
DA Davidson reissued a buy rating with a $78 target for Best Buy, signaling continued upside expectations.
Slight positive drift possible.
Analyst action is incremental information; no new company-specific event is described.
Barclays trimmed Bentley Systems’ target from $49 to $40 and kept an equal weight rating.
Mild negative bias.
Target cut is a direct negative signal, though rating remains neutral (equal weight).
DA Davidson reiterated a neutral rating for Costco with a $1,000 target.
Low near-term impact.
Rating is neutral and no new fundamental driver is provided.
UBS raised Enlight Renewable Energy’s target from $105 to $123 and maintained a buy rating.
Mild to moderate positive bias if consensus follows.
Target uplift is actionable sentiment, but article lacks new operational/financial details.
Barclays cut Elastic’s target from $76 to $68 while keeping an overweight rating.
Slight negative bias; could be offset by overweight rating.
Target reduction is a tangible negative, but rating remains constructive.
Barclays raised F5’s target from $292 to $386 and kept an equal weight rating.
Mild positive bias.
Target change is meaningful, but equal weight suggests limited conviction change.
Barclays trimmed Manhattan Associates’ target from $239 to $201 while maintaining an overweight rating.
Slight negative bias.
Target cut is direct, but overweight rating may limit downside reaction.
Market effects
Broad, multi-name analyst target revisions across software/IT services can shift relative-value positioning within tech.
Primarily US-listed tech/retail names; limited direct regional spillover implied.
Some firms are global (e.g., Barclays/UBS), but the article is sentiment/estimates-driven rather than macro.
Counterpoint
Because this is only analyst target/rating maintenance or trims, price reactions may be muted unless it meaningfully changes consensus.
Key entities
- analyst_firmDA Davidson
Reaffirmed buy/neutral stances and set targets for several names including ADSK, BBY, COST, and MDB.
- analyst_firmBarclays
Trimmed/raised targets across BSY, ESTC, FFIV, MANH, ENLT (UBS), OKTA, SNX, and TRMB.
- analyst_firmUBS
Raised ENLT’s target from $105 to $123 while keeping a buy rating.
