These reports, excerpted and edited by Barron's, were issued recently by investment and research firms. The reports are a sampling of analysts' thinking; they should not be considered the views or recommendations of Barron's. Some of the reports' issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.

Lyft -- LYFT-Nasdaq Buy -- $16.53 on May 20 by Tigress Financial Partners We reiterate our Buy rating and increase our 12-month target to $28, as Lyft is driving increasing growth through ongoing technology and driver-centric innovations, new service offerings, and international expansion....

Increases in ride volume and service initiatives combined with operating efficiencies and target market expansion are driving accelerating business performance trends....Lyft continues to invest in artificial-intelligence-driven technologies to enhance its rider and driver experience while increasing operational efficiency and safety, and advertising continues to drive expanding rider connections and incremental revenue growth....Autonomous-vehicle service will be a significant growth driver and catalyst as Lyft prepares to launch those rides in select cities.

Home Depot -- HD-NYSE Buy -- $377.05 on May 20 by Stifel Following fiscal first-quarter 2025 earnings, we are upgrading Home Depot shares to Buy from Hold. We are surprised at Home Depot shares' modest underperformance today...with accelerating comparable sales through fiscal first-quarter 2025 the key positive takeaway, in our view, with April U.S. comparable sales up nearly 2.5% (excluding Easter).

We believe this performance demonstrates Home Depot's idiosyncratic advantages, suggesting upside potential to reiterated fiscal-2025 guidance, but more importantly driving our increased conviction in the revenue acceleration underpinning our fiscal-2026 to fiscal-2027 estimates. We view a fulsome home-improvement category inflection as "when not if," but also view our Home Depot outlook as largely derisked from the timing shifting the narrative away from trepidation around ongoing negative revisions.

We believe the fiscal-2025 performance will drive enthusiasm for Home Depot's ability to disproportionately capitalize on a likely above-trend-line home-improvement category recovery driving upside to our outlook and outperformance for Home Depot shares. Target price: $425.

Deere -- DE-NYSE Market Perform -- $526.33 on May 20 by BMO Capital Markets Catching up our model post-fiscal-second-quarter (April) results, we slightly lower fiscal-2025 (October) estimates and slightly raise fiscal-2026 estimates. We raise our target price to $460, implying about 25 times estimated fiscal-2025 earnings per share (of $18.62). This is quite a peak multiple on presumably trough earnings, considering volume/price should be slightly higher next year (as well as margins).

We aren't yet convinced that growers will broadly return to make large capital purchases for some time, which is why we remain neutral at current valuation, thinking the stock has run ahead a little early.

Robinhood Markets -- HOOD-Nasdaq Outperform -- $64.91 on May 21 by Mizuho We recently hosted Robinhood executive Chris Koegel for meetings. Key takeaways center around Robinhood's relentless focus on its three strategic initiatives: 1) winning the about $20 billion active trader revenue opportunity, e.g. by expanding into desktop/web capabilities; 2) growing wallet share and remaining the No. 1 app for millennials and Gen Z (about 75% of customers today); and 3) continuing global expansion....Management is particularly excited about Robinhood Gold, which is inspired by Amazon Prime and includes Gold Credit Card, where the waiting list has about three million users.

Price target: $65.

Hewlett Packard Enterprise -- HPE-NYSE Outperform -- $17.72 on May 21 by Evercore ISI We had the opportunity to discuss our recent upgrade of Hewlett Packard Enterprise with investors; interest level is fairly broad on the name....The overarching dynamic is that there is value, but there are a lot of moving parts to the HPE narrative. There is a lot of focus/intrigue on our "HPE 2.0" vision and whether we can really get there. The bulls are focused on 1) attractive risk/reward at current levels, especially given the broader market dynamics; 2) strong networking portfolio that is attractive on a standalone basis and also post-- Juniper Networks deal; and 3) attractive valuation with several catalysts ahead.

Bears are focused on 1) execution issues that could persist for a few more quarters, and 2) fear that HPE would be more focused on mergers and acquisitions than on shareholder returns.

We view the current risk/reward as favorable, with multiple pathways to upside if investors have the duration. Our price target $22.

WIX.com -- WIX-Nasdaq Outperform -- $181.74 on May 21 by Oppenheimer Wix.com delivered solid first-quarter results with bookings, revenue, and free cash flow topping consensus by Studio, AI, Partners (24%), and top of funnel strength. Monetization improved, driven by Google Workspace and marketing offerings. Core gross payment volume grew 12% ex-foreign exchange with strength across service verticals, pressured by accelerated subsidiary drawdown (minus two points). Bookings strength (13% ex-foreign exchange) and continued expense discipline drove 150 basis points of sequential free cash flow margin expansion.

Management reiterated fiscal-year 2025 outlook, accounting for potential macro headwinds...offset by dissipating FX headwinds. Target price: $220.

To be considered for this section, material should be sent to Research@barrons.com.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 23, 2025 18:05 ET (22:05 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.