Here is your Pro Recap of the biggest analyst picks you may have missed since Friday: upgrades at XPeng, Lumentum, Strategic Education, and Cogent Communications. China-based EV maker XPeng (NYSE:XPEV) shares were up more than 6% pre-market today after BofA Securities upped the company to Buy from Neutral and raised its price target to $22.00 from $16.30, as reported in real-time on InvestingPro. BofA also wrote that it sees "an improving product mix and a stronger cost control" boosting XPeng's gross profit margin over the next couple years, and that it expects the company to "improve its sales volume growth" due to its new model pipeline from the second half of this year through 2025.
Although the revenue and EPS for Lumentum (LITE) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lumentum (LITE) delivered earnings and revenue surprises of 5.36% and 0.72%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?