Raymond James analyst Frank Louthan maintained AT&T Inc. with an Outperform and a $26 price target ahead of its 2Q22 results. With the WarnerMedia spin-off now closed, he believes the story is far more straightforward and that this will attract investors. He previously discussed that following the Netflix, Inc. miss, eliminating volatile subscriber metrics from DTV and Warner Bros. Discovery, Inc. asset sales…

Raymond James analyst Aaron Kessler initiated coverage on DoorDash, Inc. with a Market Perform rating with no price target. Kessler saw a large total addressable market for food delivery. DoorDash has established itself as the leading food delivery platform in the U.S. with a 50 percent plus market share, Kessler noted. DoorDash offered significant value for its three constituents,…

Raymond James observed Gartner’s report that saw Coupa Software Inc. gain ~135 points of software market share in procurement, with a growth of 35 percent, more than double the industry average at ~16 percent. While acquisitions aided that market share gain, Raymond saw that none of the most prominent players (mainly Oracle Corp. and SAP SE. with 43 percent…

Raymond James analyst Frank Louthan upgraded Fastly Inc. to Outperform from Market Perform with a $42 price target, implying 15.2 percent upside. Louthan says that the shares are about two points off the 52-week low and 20 percent below the 50-day moving average, with a recent uptick in short interest. However, Raymond James’ propriety tracking…