Advanced Micro Devices’ strong third quarter earnings pave the way for improved market share in the $US50 billion semiconductor industry, Bank of America analysts said Wednesday. The team lifted its price target for AMD shares to $US110 from $US100, implying a 44% climb from Wednesday’s closing level over the next […]
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 […]
While Democrats and the White House push forward with stimulus talks, Goldman Sachs still doesn’t expect a near-term breakthrough. Odds of a pre-election bill “continue to look very low” as the biggest issues between both parties loom large, the team led by Jan Hatzius wrote in a Tuesday note. Still, […]
The video game industry will see outsized demand over the next year, and Activision Blizzard is well-positioned to benefit, Deutsche Bank said Tuesday. The bank’s analysts upgraded Activision Blizzard shares to “buy” from “hold,” and their new price target of $US90 per share implies a 10% climb over the next […]
2020’s top stock picker as measured by performance has leaned on work-from-home stocks to drive the bulk of gains year-to-date. Morgan Stanley’s Dennis Lynch is the portfolio manager of the Morgan Stanley Institutional Discovery Portfolio, which has posted a 12-month total return of 56.2%, ranking No. 1 among active funds […]
Apple reportedly has a new size of its long-running MacBook Pro laptop in the works: a 14.1-inch MacBook Pro is expected by the fourth quarter of this year, according to a new note from Apple analyst Ming-Chi Kuo. Currently, Apple offers just two versions of its more expensive laptop models: […]
A JPMorgan analyst released a note detailing how Boeing’s737 Max groundings could have a negative impact on the US’s second-quarter GDP. The larger impact of Boeing’s issue – including civilian aircraft deliveries – could reduce GDP growth by 0.1%, according to JPMorgan. The impact could have been worse had aircraft […]
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 […]
Snap bear and Morgan Stanley analyst Brian Nowack has grown more positive on the company, but still thinks shares have 30% downside. He raised his price target to $US8.50 a share after the stock has gained 115% this year. Nowack was one of the biggest Snap bears on Wall Street, […]
Bilal Hafeez says he’s tapped into a lifestyle shift happening in the financial industry. The London-based Nomura currency analyst sends wellness newsletters – tips and tricks for shaping up, eating better, and maximizing brain and body potential. “I like to write on something other than the minutiae of markets.” There’s […]
According to a report conducted by transportation analyst Bruce Schaller, ride hailing services like Uber and Lyft are actually making traffic worse rather than reducing it – contrary to the companies’ claims. Ride hailing services have caused an overall 160% increase in driving on city streets. Overall ride-hailing passengers increased […]
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 […]
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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 […]
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