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☆ Top Wall Street analysts like these 3 stocks for their growth prospects
▼ + stars: | 2024-04-14 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Top Wall Street analysts are calling out their favorite stocks with a focus on their long-term growth prospects. To that end, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Ahead of the company's quarterly results, several analysts have been reaffirming their bullish views on the stock. The top line gained from increased sales volumes of golf balls, clubs and golf gear under the company's Titleist brand. Tigress Financial analyst Ivan Feinseth reaffirmed a buy rating on GOLF stock and increased the price target to $74 from $68.

Persons: James Lee, AMZN, Lee, TipRanks, Ivan Feinseth, Feinseth, Acushnet, Goldman Sachs, Kate McShane, McShane, BJ Organizations: Wall, Amazon Web Services, Amazon, Holdings, Acushnet Holdings, Tigress, Acushnet, BJ's, Wholesale

Morgan Stanley raised its price target on Ford after the company reassessed its electric vehicle strategy. That "paints path to ~$230-$290 stock price as we argue AMZN could warrant an even higher multiple in this scenario," he added. — Michelle Fox 7:38 a.m.: Evercore hikes Disney price target, points out near-term catalysts Walt Disney has a bright near-term outlook, according to Evercore ISI. In addition to cutting his price target, Harned also pulled down his outlook for free cash flow and deliveries. — Alex Harring 5:48 a.m.: KeyBanc raises Nvidia price target There's no slowing down Nvidia , according to KeyBanc.

Persons: Morgan Stanley, KeyBanc, Brian Nowak, Jon Tower, — Michelle Fox, Walt Disney, Vijay Jayant's, Jayant, Bob Iger, — Lisa Kailai Han, David Palmer, Palmer, Uber, — Alex Harring, Bernstein, Douglas Harned, Harned, Dave Calhoun, Alex Harring, Anthony Chukumba, Chukumba, selloff, Ross Seymore, Seymore, TD Cowen, Doug Anmuth, Anmuth, there's, John Blackledge, Blackledge, Jason Bazinet, Bazinet, There's, Goldman, Goldman Sachs, Kate McShane, McShane, BJ, Mark Strouse, Strouse, Adam Jonas, Jonas, Ford, John Vinh, Vinh, Fred Imbert Organizations: CNBC, Monday's, Ford, Nvidia, Amazon, Citi Citi, Grill, ISI, Disney, India's Reliance Industries, Reliance Industries, Netflix, Hulu, Boeing, Dow Jones, Capital, Loop Capital, Deutsche Bank, Broadcom, VMWare, JPMorgan, Citi, BJ's Wholesale, GE, GE Vernova Locations: Michigan, Alaska, F1Q, California, The Massachusetts, Friday's, China

☆ Top Wall Street analysts recommend these 3 stocks for the long term
▼ + stars: | 2024-03-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Wall Street analysts remain focused on the long-term prospects of stocks with solid growth potential. Here are three stocks favored by the Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. The revised outlook reflected net sales growth across regions in the holiday sales quarter, led by continued strength in the Americas. Tarlowe highlighted that Abercrombie & Fitch continues to gain market share both domestically and worldwide. Overall, the analyst sees further upside to ANF's market share, sales and earnings.

Persons: Goldman Sachs, Toshiya Hari, Hari, TipRanks, Corey Tarlowe, Fitch, Tarlowe, Hollister, Kate McShane, McShane Organizations: Wall Street, Nvidia, Data Center, Abercrombie, Fitch, Jefferies, Hollister, Walmart Locations: Americas, U.S, India, Mexico, Central America, China, TipRanks

☆ These stocks consistently grow earnings and have a track record of strong returns
▼ + stars: | 2024-02-15 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Several stocks, including PepsiCo to Expedia , can provide steady returns and earnings growth in the face of greater volatility, according Wolfe Research. Against this backdrop, investors may want to keep their eyes on stocks that reliably deliver strong returns. Wolfe Research screened for companies with a history of strong returns — as gauged by return on equity and return on capital employed — along with consistent earnings growth. Fast-casual burrito chain Chipotle Mexican Grill is another stock with historically strong returns and earnings growth, according to the firm's screener. Chipotle's shares are up 13.8% so far this year, buoyed by strong fourth-quarter earnings driven by improved sales and margins.

Persons: Wolfe, ROE, Goldman Sachs, Goldman, Kate McShane, Expedia, Morgan Stanley, Ralph Lauren Organizations: PepsiCo, Expedia, Wolfe Research, Dow Jones, Nasdaq, Costco, UBS Locations: Tuesday's

☆ Expecting more sell-offs? These low-volatility fortresses can defend your portfolio and grow
▼ + stars: | 2024-02-13 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Tuesday's inflation data sent the broader market reeling, making stable stocks more attractive for investors worried about further losses. Because of this, CNBC Pro screened for low-volatility, fortress-like names that can perform well if the drawdown continues. She pointed to growth of a media business as something that could help Costco win market share and create a better margin profile. While more than three out of every five analysts polled by FactSet has a buy rating on the stock, the typical price target reflects shares pulling back by 1.5%. The average price target reflects the likelihood for more rallying ahead with an upside of nearly 15%.

Persons: Strong, Berkshire Hathaway, Warren Buffett, Tesla, Richard Galanti, Gary Millerchip, Goldman Sachs, Kate McShane, McShane, FactSet, Ben Reitzes Organizations: Federal Reserve, Treasury, CNBC Pro, Berkshire, Berkshire Hathaway, Costco, Kroger, Microsoft, Big Technology, Melius

☆ Friday analyst calls: Street sticking with Pinterest, Citi upgrades Liberty Global, United Airlines could surge
▼ + stars: | 2024-02-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +11 min

United Airlines' shares got a premarket lift following an upgrade at Evercore, and Bank of America dropped its price target on Expedia. He raised the price target to $300 from $225, which implies shares could gain 14.6% from Thursday's close. He also lowered his price target to $181 from $156, which implies 13.5% upside potential from Thursday's close. ET United Airlines shares could surge 56%, according to Evercore Evercore upgraded shares of United Airlines to outperform from in-line. He reiterated his $48 price target on shares, which suggests around 18% upside from the stock's closing price on Thursday.

Persons: Pinterest, Morgan Stanley, TransDigm, CyberArk, Tal Liani, Liani, Kim, Justin, Post, Expedia, — Hakyung Kim, Goldman Sachs, Kate McShane, Gary Millerchip's, McShane, Evercore Evercore, Duane Pfennigwerth, Pfennigwerth, Morgan Stanley's, Kristine Liwag, Liwag, there's, LBTY, Georgios Ierodiaconou, Ierodiaconou, Stephen Ju, Ju, Goldman, Eric Sheridan, . Bank of America's Justin Post Organizations: CNBC, Citi, Liberty Global, United Airlines, Bank of America, Bank of America's, Palo, Costco, Incoming, Kroger, Liberty, Wall Street's, UBS, Pinterest, Google, . Bank of America's, Post Locations: underappreciated, Thursday's, Wall

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Microsoft, Qualcomm, Target, AT&T, Tesla & more
▼ + stars: | 2024-02-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Morgan Stanley downgrades ZoomInfo to equal weight from overweight Morgan Stanley said it sees a slowing recovery for the software company. Morgan Stanley reiterates General Motors as overweight Morgan Stanley said it's standing by the auto giant and that GM shares are "cheap." Mizuho reiterates Nvidia as buy Mizuho said it's standing by the stock heading into its GTC Conference in March. Morgan Stanley names Docebo a top pick Morgan Stanley named the ed-tech company a top pick. " Morgan Stanley reiterates Bloom Energy as overweight Morgan Stanley said the energy company is an "underappreciated AI winner."

Persons: Morgan Stanley downgrades ZoomInfo, Morgan Stanley, Oppenheimer, AAPL, it's, Mizuho, Goldman Sachs, Goldman, Redburn, Tesla, Daiwa, Jefferies, StoneCo, Wells, JPMorgan downgrades Lennox, LII, Docebo, Kraft Heinz, Mondelez, Kate McShane, Wolfe, Cash Organizations: OW, Apple, Motors, Nvidia, Conference, Citi, Qualcomm, Samsung, Deutsche Bank, Deutsche, Humana, Microsoft, Rockwell Automation, Rockwell, JPMorgan, UBS, SilverBow Resources, Regency, Kraft, Target, RBC downgrades New York Community Bancorp, RBC, New, Community Bancorp, Bloom Energy, Boston Scientific, Mizuho Locations: Boston

☆ Here were the biggest winners and losers from Black Friday
▼ + stars: | 2023-11-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Despite the seeming rush to shop, this Black Friday ushered in moderately higher promotions over last year and mixed in-store traffic, according to some Wall Street analysts. Black Friday winners Value-focused shopping destinations seemed to win big Friday, based on annual store checks from a slew of Wall Street shops. The Black Friday shopping extravaganza also ushered in some bullish sentiment toward Shopify . Black Friday losers Not every popular retailer seemed to kick off the holiday shopping period on a strong note. While Lululemon drove strong in-store traffic, helped in part by advertising use in Black Friday markdowns, Nike and Under Armour both showed higher promotions, said Piper Sandler's Abbie Zvejnieks.

Persons: Michael Lasser, Bradley Thomas, Thomas, Kohl's, Morgan Stanley, Alex Straton, Goldman Sachs, Kate McShane, JPMorgan's Matthew Boss, Piper Sandler's Korinne Wolfmeyer, Morgan Stanley's Keith Weiss, Bhavin Shah, shouldn't, Nordstrom, Straton, Lululemon, Armour, Piper Sandler's Abbie Zvejnieks, lululemon Organizations: Adobe Analytics, UBS, Walmart, KeyBanc Capital, Dick's Sporting Goods, Body, Deutsche, Eagle Outfitters, Nike Locations: U.S

☆ Goldman's strategy for higher rates and volatility: Buy these stocks with high cash returns
▼ + stars: | 2023-10-20 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Goldman Sachs is eyeing stocks that can best navigate a high interest rate environment. Goldman Sachs said stocks with a history of exceptional financial returns can help ride out the volatility. All the stocks that made the cut have a buy rating from Goldman Sachs. Shoe giant Nike stock has slipped more than 11% from the start of the year amid worries about consumer spending and a slowing economy. NKE YTD mountain Nike stock.

Persons: Goldman Sachs, Jerome Powell, Goldman, Michael Ng, Ng, Kash Rangan, Kate McShane Organizations: Federal, Tech, Apple, Software, Adobe, Nike, Investors

☆ Goldman Sachs sees demand for tech products driving this retail stock up 20%
▼ + stars: | 2023-10-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Best Buy shares are poised to rise over the next year thanks to growing demand for certain tech products, according to Goldman Sachs. "We see the potential for a positive demand inflection to drive upside, primarily through multiple expansion," said Kate McShane, an analyst at the firm. "We believe the company's current valuation is not taking into account this potential inflection and is most likely factoring in broader concerns regarding the health of the consumer and potential near-term demand headwinds." BBY 6M mountain Best Buy shares over the past six months "Our view for a potential inflection is supported by recent commentary surrounding stabilizing demand for certain tech products" – specifically, TVs and laptops, she added. "We see the potential for demand to stabilize and/or recover next year, supported by innovation and the upgrade/replacement cycle."

Persons: Goldman Sachs, Kate McShane, Goldman, McShane, — CNBC's Michael Bloom

☆ Goldman says it's time to buy this dollar store chain that has fallen 20% this year
▼ + stars: | 2023-10-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Dollar Tree 's investments into improving its store experience for consumers are finally paying off, according to Goldman Sachs. Dollar stores have been recently slammed by deteriorating consumer fundamentals and investor sentiment, as gas prices have risen and student loan payments resumed. Dollar Tree, for example, has seen its stock slide 22% since the start of the year. McShane noted that Dollar Tree's "recent investments in price, labor and merchandising" should also serve as catalysts. All in all, McShane believes Dollar Tree's multiyear initiatives should propel the company forward to generate its targeted earnings of $10 per share in 2026.

Persons: Goldman Sachs, Goldman, Kate McShane, McShane, — CNBC's Michael Bloom

☆ Wall Street expects struggling Nike is turning things around, sees 50% to 60% upside
▼ + stars: | 2023-09-29 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Nike also reiterated its full-year guidance for midsingle-digit revenue growth. NKE YTD mountain Nike stock. The firm maintains an overweight rating on Nike stock and forecasts nearly 53% upside from Thursday's $89.62 close. McShane has a $136 per share price target on Nike stock, which implies more than 51% upside. Despite a near-term "choppy" outlook for Nike growth, the analyst says the company is well-positioned to navigate headwinds including "tough comparisons" and stiffer competition.

Persons: Matthew Boss, aren't, Jay Sole, Goldman Sachs, Kate McShane, McShane, Morgan Stanley's Alex Straton, Straton, Paul Lejuez, Lejuez, — CNBC's Michael Bloom Organizations: Nike, LSEG, JPMorgan, UBS, Paris Olympics, Air Max, 2Q, Citi Locations: U.S

☆ Analysts loved Costco's earnings report—Here's where they say the stock is headed next
▼ + stars: | 2023-09-27 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Lasser also labeled Costco stock as "the gold standard." Bank of America's Robert Ohmes reiterated a buy rating on Costco stock, with a $610 per share price target. Morgan Stanley's Simeon Gutman, meanwhile, restated an overweight rating on Wednesday, accompanied by a $585 per share price target or roughly 6% upside. Goldman Sachs analyst Kate McShane kept a buy rating on Costco stock following Tuesday's quarterly results, but boosted her price target to $603 from $589. He remains neutral on Costco stock with a $530 target price, which is 4% lower than where shares recently closed.

Persons: Costco, Michael Lasser, Lasser, Bank of America's Robert Ohmes, Ohmes, Morgan Stanley's Simeon Gutman, Morgan Stanley, Gutman, Goldman Sachs, Kate McShane, McShane, JPMorgan's Christopher Horvers, Horvers, Citi's Paul Lejuez, Lejuez, — CNBC's Michael Bloom Organizations: Costco, LSEG, 4Q, UBS, Bank of America's Locations: U.S

☆ Dick's Sporting Goods plunges 25% after it says retail-theft crime wave lowered profits
▼ + stars: | 2023-08-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Dick's Sporting Goods plunged 25% on Tuesday after the company revealed weak second-quarter earnings. The retailer said it saw a decline in profits due to increased shrinkage, which is code for retail theft. The mention of theft hurting its business was a first for Dick's Sporting Goods, and it took analysts by surprise. AdvertisementAdvertisementDick's Sporting Goods was a darling retail stock that has seen strong performance since the COVID-19 pandemic began in March 2020. Part of the strength in Dick's Sporting Goods stock in recent years was driven by an increase in business as consumers got out of their house and more active as the pandemic subsided.

Persons: Lauren Hobart, Lauren Hobard, Target, Ed Stack, Goldman Sachs, Kate McShane, Wells, Will Gaertner Organizations: Sporting Goods, Service, Walgreens, Target, Dick's Sporting Goods, Sporting, Goods Locations: Wall, Silicon

☆ Goldman says buy call options on these stocks that will report better-than-expected earnings
▼ + stars: | 2023-07-12 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Goldman Sachs says it's a good time for investors to eye single stock options ahead of a slate of quarterly results. The firm compiled a list of stocks Goldman labels as "out-of-consensus opportunities" for put and call options ahead of each company's quarterly earnings report date. Goldman sees 3% upside to earnings consensus for the current quarter and 4% upside for the next four quarters. Goldman Sachs retail analyst Kate McShane is forecasting 34% upside for the stock over the next 12 months. Ahead of upcoming results, Goldman recommends buying call options for a $37.50 strike price, expiring in August.

Persons: Goldman Sachs, it's, John Marshall, Goldman, Toshiya Hari, NVDA, Kate McShane, BBWI, Eric Sheridan, — CNBC's Michael Bloom Organizations: Goldman, CNBC Pro, Nvidia, Body, eBay, EBAY

☆ Analysts are bullish on Nike shares even after the apparel giant's earnings miss
▼ + stars: | 2023-06-30 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Analysts remain bullish on Nike's direct-to-consumer strategy and brand momentum, even after the sports apparel giant's disappointing earnings results. Her $145 price target implies 27% upside from Thursday's close. He cited Nike's better-than-expected revenue, improving inventories, as well as no change to the brand's momentum in its direct-to-consumer strategy. Boss lowered his price target to $142 from $146. Her $125 price target, lowered from $135, is just 10% above Tuesday's closing price.

Persons: Goldman Sachs, Kate McShane, McShane, JPMorgan's Matthew Boss, Nike's, Friend, Boss, Bank of America's Lorraine Hutchinson, Hutchinson, — CNBC's Michael Bloom Organizations: Nike, Refinitiv, Bank of Locations: Bank of America's, North America

The sexism that has prevented girls from competing in sports has also prevented women from becoming youth coaches. In March, Nike launched Coaching HER in a partnership with the University of Minnesota's Tucker Center for Research on Girls & Women in Sport. Fry co-founded the Strong Girls program at the University of Kansas, where young girls are assigned a female college student as their mentor. She says this approach isn't only benefit to girls, but extends to youth athletes of all genders, and female coaches as well. Nike's 20,000 female coach goal Nike is one of the few major companies directly addressing this issue.

Persons: John Donahoe, Mary Fry, Jen Welter, it's, Welter, Vanessa Garcia, Brito, Billie Jean King, Fry, Alison Oliver, … it'd, Kate Mcshane, Christina Collins, Collins, Bob Iger, Florida Governor Ron DeSantis, Donahoe, It's Organizations: Portland Press Herald, Nike, University of Kansas, Aspen Institute's, Olympic, University of Minnesota's, Center for Research, Girls, Sport, Aspen Institute, Tucker Center, Sports Foundation, Youth Sport, Women's Sports Foundation, Getty, Manhattanville College, Target, Disney, Bank of America, CNBC, Summit, Florida Governor Locations: Aspen, London, Hackney, Westchester County, Santa Barbara , California

☆ Analysts are bailing on this auto parts retailer after a massive earnings miss
▼ + stars: | 2023-06-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Advance Auto Parts ' massive earnings miss has drawn strong analyst concern. Both Goldman Sachs and JPMorgan downgraded Advance Auto Parts to neutral Thursday. Advance Auto Parts reported an adjusted 72 cents per share, far below analysts polled by Refinitiv's expectations of $2.57. AAP YTD mountain Advance Auto Parts stock is down more than 50% in 2023. Bank of America also downgraded Advance Auto Parts to neutral Thursday and slashed its price target to $85 from $178.

Persons: Goldman Sachs, Christopher Horvers, Horvers, Kate McShane, Elizabeth Suzuki, — CNBC's Michael Bloom Organizations: JPMorgan, AAP, Bank of America

Goldman Sachs released its list of high conviction stocks — with a new twist. What makes this list unique from the typical top picks list is that members of Goldman's Investment Review Committee were the ones choosing the names, adding a second layer of analysis. Take a look at some of the names that made the list, and where Goldman sees them going forward. Goldman expects shares to have 42% upside over the next 12 months. The tech giant's scale, platform breadth, category diversification and end-market exposure will further fuel its upside opportunity in the years ahead, according to Sheridan.

Persons: Goldman Sachs, Steven Kron, Goldman, Kate McShane, Chris Shibutani, Eric Sheridan, Brett Feldman, Max —, — CNBC's Michael Bloom Organizations: Goldman's Investment, Pharmaceutical, Merck, Goldman, Amazon, Services, Warner Bros, HBO Max Locations: Sheridan, WarnerMedia

☆ Goldman Sachs says these stocks have major upside following earnings
▼ + stars: | 2023-02-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs analysts said this week there is a slate of stocks coming out of earnings that are just too attractive to ignore. CNBC Pro combed through Goldman Sachs' research to find the firm's top ideas for companies exiting quarterly reports. They include Tractor Supply, Charter Communications , Exxon Mobil , General Motors and Caterpillar. Tractor Supply The farm supply retailer continues to impress, according to Goldman analyst Kate McShane. The firm came away even more positive on the name after Tractor Supply's robust late January earnings report.

☆ This is Goldman Sachs' favorite retail stock for 2023
▼ + stars: | 2022-12-12 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Investors are carefully watching the retail sector going into 2023 for signs of a slowing economy and consumer weakness. Still, there are some stocks that are poised to gain even in an uncertain environment, according to Goldman Sachs. At the same time, Goldman downgraded shares of Ulta to neutral from buy, citing tougher growth in 2023 after a solid year. It has sell ratings on shares of Bed Bath & Beyond, Big Lots and Williams-Sonoma. On the flip side, it has buy ratings on shares of Walmart, O'Reilly Automotive, BJ's Wholesale Club, Dollar General, Dicks Sporting Goods, Five Below and more.

☆ Analysts see one retailer winning this holiday and taking share as Target struggles
▼ + stars: | 2022-11-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In contrast, Target reported an earnings miss Wednesday, with profit that fell by about 50% in its fiscal third quarter. "General merchandise softness continues to be linked to Covid-winner categories (CE, home, and apparel basics), although the category's performance also improved sequentially." Walmart's general merchandise sales fell at a low-single digit pace, its chief financial officer, John Rainey, said on the earnings conference call Tuesday. For Target, the softness in general merchandise is taking its toll. The retailer has made some progress clearing through its excess inventory, but the fiscal thir quarter brought higher-than-expected markdowns, Target said.

☆ Holiday bargains will dent retail profits. How investors can avoid taking a beating
▼ + stars: | 2022-10-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

Stifel's research found that consumers plan to spend 9% more this holiday season over 2021. Roughly three-quarters of respondents to a PwC holiday poll indicated they plan to spend the same or more this holiday season. Rather than marking down inventory, companies should hold on to it for the next year if their balance sheets can withstand it, said Siegel. Across the board, many flagship retail stores heavily focused on apparel and footwear like Kohl's and Macy's may struggle to lure customers intent on saving money on discretionary purchases. He points to names heavily focused on electronics and home goods purchased by consumers during the pandemic as one of the weaker areas this holiday season.

☆ Retailers Stuck With Too Much Inventory Face Risky Decisions
▼ + stars: | 2022-06-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +8 min

In the past two weeks, retailers have shown that the anticipated, but hard to time, cooling in consumer demand for goods has arrived. And many retailers reported holding more inventory than they'd like — and the goods they have might not be the ones they need now. Several retailers mentioned late deliveries of spring merchandise, which compounded their inventory glut when mixed with the cooling demand. Quite literally, it means to pack inventory away to sell when its season comes back around. On top of the risk that the product may not be attractive in the future, holding inventory means paying for storage.

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