Early iPhone 13 supply-chain estimates and continued strength in Asia can lift shares as high as $225 over the next year, analyst Dan Ives said.

RBC analysts lifted their price target for Apple to a street-high $US171, implying a 25% rally from Friday’s close. The tech giant can unlock a multibillion-dollar business by opening its Wallet app to crypto trading, RBC said. Apple can attract users to the service by buying $US1 billion in bitcoin […]

Apple shares could surge 25% on robust iPhone deliveries and strong demand from China, Wedbush said. Analyst Dan Ives raised his 12-month price target on Apple to $US175 from a prior estimate of $US160. The company is expected to smash Wall Street estimates when it reports first-quarter results Wednesday. Sign […]

Nvidia’s strong third-quarter results are foreshadowing continued outperformance over the next year, Bank of America analysts said in a recent note. The team led by Vivek Arya lifted its price target on Nvidia shares to $US665 from $US650, implying a 24% rally from Thursday’s closing level. Demand for Nvidia’s chips […]

Uber will leap 22% next year, as economies reopen, before returning to pre-COVID ridership by early 2022, Wedbush analysts said in a Wednesday note. Wedbush boosted their price target for Uber to $US60 from $US49, implying a 22% rally from current levels. The ride-hailing firm will be “standout name” next […]

Lyft’s third-quarter figures weren’t thrilling, but its earnings guidance and vaccine hopes stand to push the stock to pre-pandemic highs, Wedbush said Wednesday. Analyst Dan Ives lifted his price target for Lyft shares to $US48 from $US37 in a note to clients, a 33% upside from Tuesday’s close. Lyft executives […]

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 […]

Brian Belski, BMO chief investment strategist, told CNBC that investors should not base their investment decisions on politics, just a week away from the election. Instead, Belski said investors should seek out “really great companies” and invest in growth. Growth companies will outperform when the market is coming out of […]

Intel shares were downgraded to “underperform” by Bank of America analysts on Friday after the company’s third-quarter report signalled weakened second-half performance. The team also lowered its price target for the company’s shares to $US45 from $US60, implying a 17% decline from Thursday’s closing level over the next 12 months. […]

Intel fell 10% on Friday after it reported third quarter earnings on Thursday that revealed an unexpected drop in its data centre segment. The segment had posted strong growth in the first half of 2020, but capacity digestion led to a significant decline in the third quarter, and Intel guided […]

Goldman Sachs downgraded Peloton to neutral on Thursday following a 458% rally since it was added to Goldman’s American Buy List in October 2019. “Much of the near term opportunity is priced in,” Goldman said in the note, with the stock trading just a few dollars below its $US140 price […]

Peloton’s growing product lineup and stay-at-home trends stand to lift shares well into 2021, Bank of America analysts said Thursday. The team led by Justin Post raised their price target on the stock to $US150 from $US116, implying a 14% rally from Wednesday’s close over the next 12 months. The […]

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 […]

Calling it the “ultimate self-help, vaccine-leverage story in industrials,” Goldman Sachs said Friday that General Electric could surge if a COVID-19 vaccine is released. Goldman reinstated General Electric at a “buy” rating and set a $US10 price target on the stock, representing upside potential of 50% from Thursday’s close. Goldman […]

Airline stocks are set to soar despite estimates of lower passenger demand over the next year, JPMorgan said in a note on Wednesday. Specifically, United Airlines and JetBlue could both jump nearly 50% from Tuesday’s close as the airline companies have enough cash to make it through the economic decline […]

Bank of America raised its McDonald’s price target to $US250 per share from $US225 per share, citing consumers who are “tired of their own cooking” and flocking to fast food drive-thrus. In a note on Monday a team of BofA analysts also raised their McDonald’s earnings estimates for next year. […]

Deutsche Bank lifted its profit and sales forecasts for Chinese electric car manufacturer Nio on Tuesday, citing the company’s promising move into the premium autos sector. In a note probing whether Nio can be “the next iconic auto brand,” analysts led by Edison Yu cited growing favorability in the expanding […]