FBN Securities Stock Recommendations and Price Targets

This is a list of recent ratings by FBN Securities.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
3/28/2025	WMG Warner Music Group	Initiated Coverage	$32.00	$35.00	Sector Perform	Medium
3/28/2025	CART Maplebear	Initiated Coverage	$40.00	$44.00	Sector Perform	Low
3/28/2025	RBLX Roblox	Initiated Coverage	$59.00	$65.00	Sector Perform	Low
3/28/2025	ROKU Roku	Initiated Coverage	$72.00	$93.00	Outperform	High
3/28/2025	DASH DoorDash	Initiated Coverage	$183.00	$230.00	Outperform	High
3/28/2025	APP AppLovin	Initiated Coverage	$272.00	$385.00	Outperform	High
3/28/2025	SPOT Spotify Technology	Initiated Coverage	$560.00	$645.00	Sector Perform	Medium
3/27/2025	NFLX Netflix	Initiated Coverage	$934.00	$1,165.00	Outperform	Low
9/30/2024	RBRK Rubrik	Initiated Coverage	$64.00	$40.00	Outperform	High
8/29/2024	CRM Salesforce	Upgrade	$270.00		Strong-Buy	Low
6/5/2024	CRWD CrowdStrike	Upgrade	$357.00		Strong-Buy	Low
5/22/2024	FROG JFrog	Initiated Coverage	$32.00	$45.00	Outperform	Low
3/20/2024	KVYO Klaviyo	Initiated Coverage	$31.00	$35.00	Outperform	Low
10/25/2023	IOT Samsara	Initiated Coverage	$39.00	$30.00	Outperform	Low
10/3/2023	ASAN Asana	Lower Price Target	$15.00	$28.00 ➝ $23.00		Low
4/20/2023	FRSH Freshworks	Initiated Coverage	$15.00	$20.00	Outperform	Low
2/13/2023	CHKP Check Point Software Technologies	Lower Price Target	$228.00	$155.00 ➝ $150.00		Low
1/23/2023	GTLB GitLab	Initiated Coverage	$48.00	$60.00	Outperform	Low
1/17/2023	CFLT Confluent	Initiated Coverage	$24.00	$30.00	Outperform	Low
1/9/2023	HCP HashiCorp	Initiated Coverage	$35.00		Outperform	N/A
9/13/2022	INFA Informatica	Initiated Coverage	$18.00	$35.00	Outperform	N/A
4/12/2022	UPST Upstart	Initiated Coverage	$47.00	$150.00	Outperform	High