Piper Sandler Stock Recommendations and Price Targets

This is a list of recent ratings by Piper Sandler.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
4/23/2025	BL BlackLine	Upgrade	$46.00	$58.00 ➝ $46.00	Underweight ➝ Neutral	Low
4/23/2025	ORCL Oracle	Reiterated Rating	$131.00	$190.00 ➝ $130.00	Overweight ➝ Neutral	Medium
4/23/2025	NCNO nCino	Lower Price Target	$23.00	$28.00 ➝ $25.00	Neutral ➝ Neutral	High
4/23/2025	MSFT Microsoft	Lower Price Target	$375.00	$520.00 ➝ $435.00	Overweight ➝ Overweight	Low
4/23/2025	MNDY monday.com	Lower Price Target	$248.00	$385.00 ➝ $305.00	Overweight ➝ Overweight	Medium
4/23/2025	MDB MongoDB	Lower Price Target	$163.00	$280.00 ➝ $200.00	Overweight ➝ Overweight	Low
4/23/2025	KVYO Klaviyo	Lower Price Target	$26.00	$53.00 ➝ $35.00	Overweight ➝ Overweight	Low
4/23/2025	HUBS HubSpot	Lower Price Target	$567.00	$808.00 ➝ $535.00	Neutral ➝ Neutral	Low
4/23/2025	GLBE Global-E Online	Lower Price Target	$35.00	$62.00 ➝ $42.00	Overweight ➝ Overweight	Low
4/23/2025	FRSH Freshworks	Lower Price Target	$13.00	$24.00 ➝ $20.00	Overweight ➝ Overweight	Low
4/23/2025	CRM Salesforce	Lower Price Target	$251.00	$400.00 ➝ $315.00	Overweight ➝ Overweight	Low
4/23/2025	BRZE Braze	Lower Price Target	$28.00	$48.00 ➝ $38.00	Overweight ➝ Overweight	Medium
4/23/2025	BASE Couchbase	Lower Price Target	$16.00	$22.00 ➝ $16.00	Overweight ➝ Overweight	Medium
4/23/2025	ASAN Asana	Lower Price Target	$15.00	$18.00 ➝ $17.00	Overweight ➝ Overweight	Low
4/23/2025	APPF AppFolio	Reiterated Rating	$226.00	$265.00	Neutral ➝ Neutral	Medium
4/23/2025	AMPL Amplitude	Lower Price Target	$8.00	$17.00 ➝ $14.00	Overweight ➝ Overweight	Low
4/23/2025	ADBE Adobe	Lower Price Target	$352.00	$600.00 ➝ $500.00	Overweight ➝ Overweight	Low
4/23/2025	MMSI Merit Medical Systems	Lower Price Target	$94.00	$116.00 ➝ $112.00	Overweight ➝ Overweight	Low
4/23/2025	GEHC GE HealthCare Technologies	Lower Price Target	$65.00	$104.00 ➝ $88.00	Overweight ➝ Overweight	Low
4/23/2025	BDX Becton, Dickinson and Company	Lower Price Target	$202.00	$280.00 ➝ $260.00	Overweight ➝ Overweight	Low
4/23/2025	WTFC Wintrust Financial	Lower Price Target	$108.00	$145.00 ➝ $141.00	Overweight ➝ Overweight	Low
4/23/2025	PFSI PennyMac Financial Services	Lower Price Target	$94.00	$130.00 ➝ $128.00	Overweight ➝ Overweight	High
4/23/2025	MBWM Mercantile Bank	Lower Price Target	$42.00	$50.00 ➝ $47.50	Neutral ➝ Neutral	Low
4/23/2025	HBCP Home Bancorp	Boost Price Target	$49.00	$60.00 ➝ $65.00	Overweight ➝ Overweight	Medium
4/23/2025	CASS Cass Information Systems	Lower Price Target	$41.00	$47.00 ➝ $46.00	Overweight ➝ Overweight	Low
4/23/2025	CASH Pathward Financial	Boost Price Target	$79.00	$91.00 ➝ $94.00	Overweight ➝ Overweight	Low
4/23/2025	CADE Cadence Bank	Lower Price Target	$28.00	$38.00 ➝ $36.00	Neutral ➝ Neutral	Medium
4/23/2025	ENPH Enphase Energy	Lower Price Target	$45.00	$47.00 ➝ $42.00	Neutral ➝ Neutral	High
4/23/2025	KMB Kimberly-Clark	Lower Price Target	$134.00	$158.00 ➝ $156.00	Overweight ➝ Overweight	High
4/23/2025	ZI ZoomInfo Technologies	Lower Price Target	$8.00	$11.00 ➝ $8.00	Neutral ➝ Neutral	Medium
4/23/2025	WEAV Weave Communications	Lower Price Target	$9.00	$17.00 ➝ $14.00	Overweight ➝ Overweight	Low
4/23/2025	WDAY Workday	Lower Price Target	$225.00	$290.00 ➝ $230.00	Neutral ➝ Neutral	Low
4/23/2025	VEEV Veeva Systems	Lower Price Target	$220.00	$290.00 ➝ $255.00	Overweight ➝ Overweight	Low
4/23/2025	SNOW Snowflake	Lower Price Target	$147.00	$215.00 ➝ $175.00	Overweight ➝ Overweight	Low
4/23/2025	PCOR Procore Technologies	Lower Price Target	$60.00	$110.00 ➝ $75.00	Overweight ➝ Overweight	Medium
4/23/2025	OS Onestream	Lower Price Target	$20.00	$37.00 ➝ $24.00	Overweight ➝ Overweight	Low
4/23/2025	INSE Inspired Entertainment	Lower Price Target	$7.00	$13.00 ➝ $11.00	Buy ➝ Buy	Medium
4/23/2025	ISRG Intuitive Surgical	Lower Price Target	$488.00	$670.00 ➝ $575.00	Overweight ➝ Overweight	Medium
4/23/2025	SHC Sotera Health	Lower Price Target	$11.00	$15.00 ➝ $13.00	Neutral ➝ Neutral	Low
4/23/2025	NVCR NovoCure	Lower Price Target	$18.00	$42.00 ➝ $34.00	Overweight ➝ Overweight	High
4/22/2025	TSLA Tesla	Reiterated Rating	$251.00		Overweight ➝ Overweight	N/A
4/22/2025	MGY Magnolia Oil & Gas	Lower Price Target	$21.00	$26.00 ➝ $25.00	Neutral ➝ Neutral	Medium
4/22/2025	DVN Devon Energy	Lower Price Target	$31.00	$55.00 ➝ $54.00	Overweight ➝ Overweight	Low
4/22/2025	CNX CNX Resources	Lower Price Target	$31.00	$22.00 ➝ $21.00	Underweight ➝ Underweight	Low
4/22/2025	CIVI Civitas Resources	Lower Price Target	$29.00	$66.00 ➝ $62.00	Overweight ➝ Overweight	N/A
4/22/2025	CHRD Chord Energy	Lower Price Target	$93.00	$184.00 ➝ $183.00	Overweight ➝ Overweight	Low
4/22/2025	BSM Black Stone Minerals	Lower Price Target	$14.00	$16.00 ➝ $15.00	Neutral ➝ Neutral	Low
4/22/2025	APA APA	Lower Price Target	$16.00	$23.00 ➝ $22.00	Neutral ➝ Neutral	Medium
4/22/2025	CVNA Carvana	Boost Price Target	$221.00	$225.00 ➝ $230.00	Overweight ➝ Overweight	High
4/22/2025	MUR Murphy Oil	Boost Price Target	$21.00	$34.00 ➝ $35.00	Overweight ➝ Overweight	Medium
4/22/2025	BMY Bristol-Myers Squibb	Initiated Coverage	$49.00	$65.00	Overweight	Medium
4/22/2025	PBAM Private Bancorp of America	Lower Price Target	$54.00	$78.00 ➝ $68.00	Overweight ➝ Overweight	Low
4/22/2025	CWBC Community West Bancshares	Lower Price Target	$17.00	$22.00 ➝ $19.00	Overweight ➝ Overweight	Medium
4/22/2025	EXE Chesapeake Energy	Boost Price Target	$105.00	$101.00 ➝ $103.00	Neutral ➝ Neutral	Low
4/22/2025	EQT EQT	Lower Price Target	$49.00	$36.00 ➝ $35.00	Neutral ➝ Neutral	Medium
4/22/2025	EOG EOG Resources	Lower Price Target	$112.00	$135.00 ➝ $133.00	Neutral ➝ Neutral	Low
4/22/2025	FANG Diamondback Energy	Lower Price Target	$136.00	$240.00 ➝ $234.00	Overweight ➝ Overweight	Low
4/22/2025	ISTR Investar	Upgrade	$18.00	$21.00 ➝ $22.00	Neutral ➝ Overweight	High
4/22/2025	PI Impinj	Lower Price Target	$77.00	$140.00 ➝ $100.00	Overweight ➝ Overweight	Low
4/22/2025	NEOG Neogen	Lower Price Target	$5.00	$6.40 ➝ $5.00	Neutral ➝ Neutral	Low
4/22/2025	SFBS ServisFirst Bancshares	Lower Price Target	$71.00	$96.00 ➝ $84.00	Neutral ➝ Neutral	High
4/22/2025	CHMG Chemung Financial	Lower Price Target	$44.00	$54.00 ➝ $50.00	Neutral ➝ Neutral	High
4/22/2025	VTLE Vital Energy	Lower Price Target	$15.00	$24.00 ➝ $23.00	Neutral ➝ Neutral	Medium
4/22/2025	VNOM Viper Energy	Lower Price Target	$40.00	$63.00 ➝ $62.00	Overweight ➝ Overweight	Low
4/22/2025	RRC Range Resources	Lower Price Target	$34.00	$33.00 ➝ $32.00	Neutral ➝ Neutral	Medium
4/22/2025	OXY Occidental Petroleum	Lower Price Target	$40.00	$50.00 ➝ $48.00	Neutral ➝ Neutral	Low
4/21/2025	NXT Nextracker	Set Price Target	$40.00	$49.00		High
4/21/2025	SLG SL Green Realty	Lower Price Target	$54.00	$90.00 ➝ $72.00	Overweight ➝ Overweight	High
4/21/2025	TCBI Texas Capital Bancshares	Lower Price Target	$67.00	$84.00 ➝ $74.00	Neutral ➝ Neutral	Low
4/21/2025	SFNC Simmons First National	Upgrade	$18.00	$20.00 ➝ $21.00	Underweight ➝ Neutral	Low
4/21/2025	TFC Truist Financial	Lower Price Target	$37.00	$45.00 ➝ $41.00	Neutral ➝ Neutral	Medium
4/21/2025	WABC Westamerica Bancorporation	Lower Price Target	$48.00	$54.00 ➝ $50.00	Neutral ➝ Neutral	Medium
4/21/2025	SRPT Sarepta Therapeutics	Lower Price Target	$59.00	$182.00 ➝ $110.00	Overweight ➝ Overweight	Medium
4/21/2025	FLNC Fluence Energy	Lower Price Target	$4.00	$10.00 ➝ $4.00	Neutral ➝ Neutral	Medium
4/21/2025	FSLR First Solar	Lower Price Target	$131.00	$230.00 ➝ $205.00	Overweight ➝ Overweight	Low
4/21/2025	GSBC Great Southern Bancorp	Lower Price Target	$56.00	$62.00 ➝ $58.00	Neutral ➝ Neutral	High
4/21/2025	INDB Independent Bank	Lower Price Target	$58.00	$74.00 ➝ $63.00	Neutral ➝ Neutral	Medium
4/17/2025	TTD Trade Desk	Initiated Coverage	$50.00	$55.00	Neutral	High
4/17/2025	ROKU Roku	Initiated Coverage	$63.00	$65.00	Neutral	Low
4/17/2025	NFLX Netflix	Initiated Coverage	$1,050.00	$1,100.00 ➝ $1,100.00	Overweight ➝ Overweight	Low
4/17/2025	SAM Boston Beer	Lower Price Target	$245.00	$240.00 ➝ $230.00	Neutral ➝ Neutral	Low
4/17/2025	CELH Celsius	Boost Price Target	$37.00	$43.00 ➝ $44.00	Overweight ➝ Overweight	Low
4/17/2025	CBSH Commerce Bancshares	Boost Price Target	$60.00	$65.00 ➝ $66.00	Neutral ➝ Neutral	Medium
4/17/2025	BFC Bank First	Boost Price Target	$111.00	$110.00 ➝ $111.00	Neutral ➝ Neutral	Low
4/17/2025	ENPH Enphase Energy	Lower Price Target	$45.00	$65.00 ➝ $47.00	Neutral ➝ Neutral	High
4/17/2025	EQBK Equity Bancshares	Lower Price Target	$38.00	$46.00 ➝ $44.00	Overweight ➝ Overweight	Low
4/17/2025	CTBI Community Trust Bancorp	Lower Price Target	$49.00	$60.00 ➝ $56.00	Overweight ➝ Overweight	Medium
4/17/2025	CFG Citizens Financial Group	Lower Price Target	$37.00	$48.00 ➝ $43.00	Overweight ➝ Overweight	Low
4/17/2025	ABT Abbott Laboratories	Reiterated Rating	$130.00	$133.00 ➝ $145.00	Overweight ➝ Overweight	Low
4/17/2025	FBK FB Financial	Lower Price Target	$42.00	$60.00 ➝ $58.00	Overweight ➝ Overweight	Low
4/17/2025	SCHW Charles Schwab	Boost Price Target	$78.00	$74.00 ➝ $80.00		Low
4/17/2025	GNRC Generac	Lower Price Target	$110.00	$175.00 ➝ $155.00	Overweight ➝ Overweight	Medium
4/17/2025	VRTS Virtus Investment Partners	Lower Price Target	$154.00	$216.00 ➝ $211.00	Overweight ➝ Overweight	Low
4/17/2025	USB U.S. Bancorp	Lower Price Target	$40.00	$49.00 ➝ $48.00	Overweight ➝ Overweight	Low
4/17/2025	PLBC Plumas Bancorp	Lower Price Target	$41.00	$60.00 ➝ $59.00	Overweight ➝ Overweight	Low
4/17/2025	FULT Fulton Financial	Lower Price Target	$16.00	$22.00 ➝ $20.00	Neutral ➝ Neutral	Low
4/16/2025	BOW Bowhead Specialty	Initiated Coverage	$40.00	$44.00	Overweight	Low
4/16/2025	TSLA Tesla	Lower Price Target	$251.00	$450.00 ➝ $400.00	Overweight ➝ Overweight	Medium
4/16/2025	GLOB Globant	Lower Price Target	$112.00	$230.00 ➝ $154.00	Overweight ➝ Overweight	Low
4/16/2025	ACN Accenture	Lower Price Target	$288.00	$364.00 ➝ $355.00	Overweight ➝ Overweight	Medium