Markets

Palantir will surge 31% as Wall Street realises potential for breakneck profit growth, Morgan Stanley says

Investors aren’t seeing the bigger picture regarding Palantir’s discounted valuation, Morgan Stanley analysts said Monday. The bank initiated an “overweight” rating on Palantir’s shares in a note to clients. The analysts’ $US13-per-share price target implies a 31% rally from Monday’s close over the next 12 months. Palantir closed Monday just […]
Palantir will surge 31% as Wall Street realises potential for breakneck profit growth, Morgan Stanley says
Markets

eBay soars to its highest in 15 months on ‘better than feared’ earnings

eBay shares rose as much as 7% on Thursday after the company reported “better than feared” earnings results. That marked their highest level since April 2018. The company also received price-target boosts from several Wall Street analysts. Analysts said the company’s improved forecast for 2019 and stock buybacks offset disappointing […]
eBay soars to its highest in 15 months on ‘better than feared’ earnings
Tech

Apple is considering a low-cost HomePod, says KGI Securities

Apple may be preparing a less-expensive HomePod, according to KGI Securities analyst Ming-Chi Kuo. Apple’s HomePod isn’t selling very well among non-Apple fans, according to the analyst. Kuo said Apple’s software quality is lagging behind its hardware quality. Apple’s smart speaker, HomePod, may not be selling as well as the […]
Apple is considering a low-cost HomePod, says KGI Securities
US

The 2 hottest IPOs of 2017 have been enormous flops

A rough week for Blue Apron and Snap both of which went public in 2017. Blue Apron went public at the end of June, at $US10 a share, and has been slowly declining since. This week, Northcoast Research published the first Wall Street price target for the stock at $US2 […]
The 2 hottest IPOs of 2017 have been enormous flops