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☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, U.S. Steel, Micron, Disney, Citi & more
▼ + stars: | 2024-05-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Monday: Morgan Stanley initiates EHang Holdings as overweight Morgan Stanley said it's bullish on shares of the Asia autonomous aerial vehicle company. Morgan Stanley downgrades Victoria's Secret to underweight from equal weight Morgan Stanley said it sees "underappreciated downside" for the lingerie company. Citi downgrades Peloton to neutral from buy Citi said in its downgrade of the stock that it has "limited visibility." Morgan Stanley upgrades U.S. Steel to overweight from equal weight Morgan Stanley said in its upgrade of U.S. Steel that it likes the company's "transformational investments." Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's sticking with its overweight rating on Apple after analyzing the company's quarterly 10-Q report.

Persons: Morgan Stanley, it's, Baird, Morgan Stanley downgrades, Wells, Bausch, Lomb, Apple, Johnson, MLCO, Moffett, Melius, inferencing, JPMorgan Organizations: EHang Holdings, EH, Deutsche Bank, Disney, Deutsche, Micron, Citi, Comerica, CMA, Steel, U.S . Steel, Apple, Services, UBS, JCI, Barclays, Resorts, Nvidia, Broadcom, AMD, Microsoft, JPMorgan, Group, Bank of America, Santander Brasil, of America Locations: Asia, U.S

All eyes remain on tech stocks this week, with Amazon and Apple due to release their earnings after the market closes on Tuesday and Thursday, respectively. After a strong rally to start the year, tech stocks have wavered in recent weeks as investor concerns of lofty valuations bubbled to the surface. Investors can still find opportunities in the form of tech stocks that pay a dividend and have a runway for growth. The stock's 2% dividend yield is higher than the S & P 500's 1.3%. With a dividend yield of 1.6%, Broadcom also made the list.

Persons: Oppenheimer Organizations: Google, Amazon, CNBC Pro, Qualcomm, Benchmark, Oracle, Analysts, Broadcom, Barclays Locations: Nashville , Tennessee

☆ Analyst says buying Nvidia is 'no brainer' as tech companies 'spend like crazy' in AI race
▼ + stars: | 2024-04-29 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Nvidia is proving itself a key beneficiary as technology companies "spend like crazy" to take advantage of artificial intelligence, according to Melius Research. "Sometimes a no brainer is a no brainer," analyst Ben Reitzes wrote on Monday. Reitzes' bullish take is tied to how aggressively he says technology companies and fellow chipmakers are pursuing artificial general intelligence, or artificial intelligence most closely akin to human reconnaissance. Nvidia will remain an essential piece of any tech firm's AI pursuits, he said. NVDA YTD mountain Nvidia stock.

Persons: Ben Reitzes, Reitzes, Blackwell, Nvidia's Blackwell, — CNBC's Michael Bloom Organizations: Nvidia, Research, Microsoft

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Apple, Roblox, Tesla, Qualcomm, Disney & more
▼ + stars: | 2024-04-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Loop initiates MongoDB as buy Loop sees growth accelerating for the developer data platform company. JPM reiterates General Motors and Ford as overweight JPMorgan said the stocks will benefit from "lower commodities & higher production outside China." JPMorgan upgrades Assai to overweight from neutral JPMorgan said it sees improving trends and better visibility for the Brazilian wholesaler. JPMorgan upgrades Roblox to overweight from neutral JPMorgan said it sees a "compelling entry point" for the stock. JPMorgan downgrades Five Below to neutral from overweight JPMorgan downgraded Five Below due to "ongoing macro pressure."

Persons: JPM, JPMorgan, KeyBanc, Wells, D.A, Davidson, Davidson's, Berenberg, Morgan Stanley, Harley, Evercore, it's bullish, it's, Tesla, Rosenblatt, Oppenheimer, Dwight, Key, Truist, Wolfe, Warner, Price Organizations: Motors, Ford, GM, Nvidia, MU, BMO, prem, NICE, JPMorgan, Barclays, Apple, Albertsons, Catalyst Watch, NOVA, Penn Entertainment, PENN, ESPN Bet, Benchmark, Qualcomm, Warner Brothers, Warner, HBO Locations: China, Texas, U.S

Raymond James raised its price target on Nvidia to $1,100, noting revenue momentum will stay strong. On a more sour note, Bank of America lowered its price target on Boeing to $190, citing risks around the company's ongoing safety issues. He raised his price target by $30 to $160, which suggests more than 25% potential upside for shares. Analyst Bryan Bergin initiated coverage of Mastercard with a buy rating and $545 price target, which indicates 16.2% potential upside. — Pia Singh 5:50 a.m.: Bank of America cuts Boeing price target Boeing's latest troubles made Bank of America even more skeptical on the stock's prospects.

Persons: Raymond James, Berenberg, Andres Castanos, Mollor, — Pia Singh, Bernstein, Johnson, Callum Elliott, Kenvue, Elliott, Lorraine Hutchinson, Hutchinson, Nike's, TD Cowen, Bryan Bergin, Bergin, Blackwell, Srini Pajjuri, Ronald Epstein, Dave Calhoun, Epstein, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Boeing, Johnson, Nike, Mastercard, Visa, of America, New York Times Locations: Albemarle, underperform, China, Europe, Asia

☆ JPMorgan says this tech stock that's tripled this year can keep going as it helps lead the AI revolution
▼ + stars: | 2024-03-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Super Micro Computer's red-hot run should continue as it powers the artificial intelligence revolution sweeping Wall Street, according to JPMorgan. Analyst Samik Chatterjee initiated coverage of Super Micro Computer with an overweight rating as the company leads the AI compute market "still in its infancy." Supporting the target and a next-twelve months EPS multiple of 36 times is an expectation for rapid growth and earnings upside within the AI server market. SMCI YTD mountain Super Micro shares year to date Driving ongoing upside is an expectation for rapid growth in the server market. This suggests that Super Micro will conservatively gain 10% to 15% of the AI server market.

Persons: Samik Chatterjee, Micro's, Chatterjee Organizations: JPMorgan, Computer, Super

Goldman Sachs, meanwhile trimmed its price target on Boeing, citing several risks amid the company's ongoing safety issues. The analyst initiated coverage of the stock with an overweight rating and year-end price target of $1,150, which implies shares could jump 18.2%. Analyst Kannan Venkateshwar upgraded shares of the media giant to overweight from equal weight and also raised his price target by $40. His new $135 price target implies 16.5% potential upside over the next year. — Pia Singh 5:37 a.m.: Goldman Sachs trims Boeing price target Goldman Sachs lowered its price target on Boeing to $257 from $268 amid the airplane maker's ongoing issues safety issues.

Persons: Goldman Sachs, JPMorgan's Samik Chatterjee, inferencing, Chatterjee, — Pia Singh, Kannan Venkateshwar, Venkateshwar, Disney's, Noah Poponak, Poponak, Fred Imbert Organizations: CNBC, Disney, Barclays, Boeing, JPMorgan, Computer, Enterprises, Alaska Airlines Locations: 3Q24, 4Q24

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Coinbase, Sony, Oracle, FedEx, Nike, Carvana & more
▼ + stars: | 2024-03-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"We initiate coverage on Regeneron with an Outperform rating and $1,125 price target." Canaccord reiterates MicroStrategy as buy Canaccord raised its price target on the crypto company to $1,810 per share from $975. "We are initiating coverage of The New York Times with a Buy rating and a $52 target price. "DG – Upgrading to Neutral Raising Price Target to $158." "We are initiating coverage of Central Garden & Pet ( CENT) with a BUY rating and $52 price target."

Persons: Bernstein, Morgan Stanley, Tesla, it's, optionality, Canaccord, Goldman Sachs, PDD, Goldman, Jefferies, underperform Jefferies, Raymond James, underperform Raymond James, Argus, Evercore, William Blair, Goldman Sacks Organizations: Citi, New York Times, Nike, JPMorgan, RBC, Bank of America, Apple, Oracle, Central, FedEx, Macquarie, Sony Locations: China

☆ Jim Cramer urges 'patience, patience, patience' on Apple stock, and two analysts also make the case
▼ + stars: | 2024-03-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

AAPL YTD mountain Apple (AAPL) year-to-date performance Jim Cramer on Tuesday acknowledged Apple's recent woes but encouraged investors to have "patience, patience, patience," with the stock. Apple's China sales — amounting to nearly 20% of overall revenue — continues to weigh on the company due to the country's tepid consumer spending, along with stiffening local smartphone competition . Investors are hoping to hear more about Apple's AI ambitions at the company's annual Worldwide Developers Conference in June. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Apple, It's, —, Jim Cramer, Apple's, iPhones, Jim, Tim Cook, we're, Jim Cramer's, Wang Gang Organizations: Big Tech, Bank of America, Nvidia, Meta, Microsoft, Apple, ISI, Service, Developers Conference, CNBC, Getty Locations: China, Shanghai

☆ Nvidia is 'printing money at this point.' What investors are doing after the chipmaker's earnings blowout
▼ + stars: | 2024-02-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The chipmaker surged 16% on Thursday after posting robust earnings and guidance , contributing to the stock's 59% year-to-date run as investors feast on artificial intelligence stocks. NVDA 1Y mountain Nvidia shares over the last year Nvidia's impressive stock run brings its valuation to elevated levels. That's left some analysts questioning whether earnings upside is already priced in to shares as others wonder how long this astonishing growth cycle can last. Those worries eased after the chipmaker offered its first set of blockbuster earnings numbers, cementing its formidable AI position. NVDA 5D mountain Nvidia shares this past week "It gives me confidence that this story lasts much longer," Harvest's Meeks said.

Persons: That's, Hua Cheng, heightening, Paul Meeks, Ken Mahoney, Greg Bassuk, Nvidia's, Goldman Sachs, Hari, Bernstein's Stacy Rasgon, Jensen Huang, Harvest's Meeks, Tim Arcuri, Cheng of Mirova, Huang Organizations: Nvidia, Portfolio Management, AXS Investments, UBS Locations: Mirova, Charleston , South Carolina

☆ 3 surprises from Nvidia earnings help justify a one-day $250 billion boost to its market value
▼ + stars: | 2024-02-22 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

If that return isn't there, will they keep ordering the latest and greatest Nvidia chips? Despite the overall improvements in availability, Nvidia on Wednesday indicated it will face supply-and-demand imbalances with its upcoming AI chips. The U.S. government has said its export controls are designed to keep high-powered AI chips out of the hands of the Chinese military. In the November-through-January quarter, China accounted for a mid-single-digit percentage of Nvidia's $18.4 billion in data center revenue, according to the company. The fact Nvidia still booked China revenue in the hundreds of millions of dollars means it could take a further hit in the region.

Persons: —, Jensen Huang, Raymond James, Nvidia's, Colette Kress, Huang, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Meta, Apple, Microsoft, Melius Research, Devices, Big Tech, Wall, U.S, Truist Securities, CNBC, Visitors, NVIDIA, Hangzhou Apsara, Getty, Nurphoto Locations: China, Hangzhou, Hangzhou Apsara Conference, Zhejiang province

☆ Nvidia lives up to the earnings hype and then some, prompting our big price target hike
▼ + stars: | 2024-02-21 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

NVDA 5Y mountain Nvidia 5 years The Nvidia phenomenon is something for all investors to take note of and study. The first question we got on the call was in relation to the sustainability of the Data Center sales momentum. Generative AI isn't possible in a data center built for traditional general-purpose computing. In fact, Nvidia believes AI inferencing was responsible for about 40% of Data Center sales over the past year. This is why Nvidia was designated by Jim Cramer and the Club as an "own it, don't trade it" stock.

Persons: Jensen Huang, it's Nvidia's, Thursday's, we've, Colette Kress, we're, Nvidia's Huang, Huang, inferencing, It's, Jim Cramer, Apple's, Jim Cramer's, Jim, Ann Wang Organizations: Nvidia, Revenue, U.S, Data, Microsoft, Moore's Law, world's, Management, Software, Enterprise, Club, Apple, CNBC Locations: tacking, China, Taipei, Taiwan

☆ AI isn't energy efficient right now. This ex-Arm VP has joined a new startup to try change that.
▼ + stars: | 2024-02-16 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

"We're the first company to launch off the back of what is a Tsetlin machine," Hurley told Business Insider. "We are looking at processes which are 10,000 times more efficient than neural networks when we add hardware acceleration," he said. Literal Labs' technology is developed from Yakovlev and Shafik's patents. While this process requires less energy than neural networks, the wider market has yet to catch up with alternatives. And everyone is just so sucked into neural networks that nobody has been thinking about some of the other techniques."

Persons: Noel Hurley, Hurley, Mignon, it's, Alex Yakovlev, Rishad Organizations: Cambridge, Labs, Newcastle University, Business, Yakovlev, Literal Labs

☆ Nvidia's stock tripled last year on AI excitement. What to expect as the next stage unfolds
▼ + stars: | 2024-01-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The company's stunning progress garnered the love of Wall Street, with analysts upping their price targets on the stock to account for future growth and naming it among their top AI picks. Nvidia's 'iPhone moment' Few could have predicted the frenzy ChatGPT would create when it debuted in late 2022, but no company could have been better prepared for the excitement than Nvidia. What to expect in 2024 Many on Wall Street don't foresee Nvidia hype dying down in the new year. In fact, many investors expect shares to keep rising as long as the company can smash expectations and guide higher. That's a feat many on Wall Street expect the company to accomplish, with the consensus price target implying another 35% upside for shares, according to FactSet.

Persons: Paul Meeks, Karl Freund, Freund, They've, Kim Forrest, Meeks, there'll, Ken Mahoney, Forrest, they've Organizations: Nvidia, Devices, Research, Bokeh Capital Partners, Intel Locations: Nvidia's

☆ Altman hiring is a major win for Microsoft, should drive further gains for stock, analysts say
▼ + stars: | 2023-11-20 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

But even as the story continues unfolding, analysts already view Microsoft as well positioned coming out of the latest Silicon Valley spectacle. Ives, who reiterated his outperform rating and $425 price target for Microsoft, said the OpenAI board was "kids poker table and thought they won." "We view Microsoft now even in a STRONGER position from an AI perspective with Altman and Brockman at MSFT running AI," Ives wrote to clients Monday morning. Ives' price target is higher than the consensus on Wall Street of $403, according to LSEG, implying upside of slightly more than 9%. Materne has an outperform rating on the stock and a $432 price target.

Persons: Sam Altman, —, Altman, MSFT, Dan Ives, Ives, Satya Nadella, Greg Brockman, Brockman, outperforming, Oppenheimer, Timothy Horan, Bing, Horan, ISI's Kirk Materne, Materne, Michael Bloom Organizations: Microsoft, Nasdaq Locations: OpenAI, Redmond, Wash

☆ Sam Altman's ouster leaves OpenAI, Microsoft employees 'completely shocked,' insiders say
▼ + stars: | 2023-11-18 | by ( Kali Hays | Ashley Stewart | ) www.businessinsider.com time to read: +4 min

The announcement left OpenAI and Microsoft workers "completely shocked," people inside both companies told Business Insider. Another shock came about an hour later when OpenAI co-founder and president Greg Brockman announced that he had "quit" over Altman's ouster. Perhaps there were signs all was not well when it came to OpenAI's business, one Microsoft employee told BI, which Microsoft has reportedly backed to the tune of at least $10 billion. Are you an OpenAI employee or someone with a tip or insight to share? Are you a Microsoft employee?

Persons: Sam Altman, Altman, Mira Murati, Ilya Sutskever, He's, OpenAI, Greg Brockman, Brockman, shakeup, Steve Jobs, Satya Nadella, we're, Kali Hays Organizations: Microsoft, Business, OpenAI's San, Apple, OpenAI, Microsoft Ignite, Twitter Locations: OpenAI, OpenAI's San Francisco, Mira, Copilot, khays@insider.com, @hayskali

☆ AMD stock jumps more than 8% on strong 2024 AI chip projections
▼ + stars: | 2023-11-01 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

AMD stock spiked more than 8% Wednesday, a day after the company beat top and bottom-line earnings estimates and gave a promising 2024 forecast for its AI chip business. The chipmaker posted an earnings per share of 70 cents, adjusted, narrowly beating the LSEG, formerly Refinitiv, estimate of 68 cents per share. Wall Street analysts like AMD's prospects in the AI market, which is currently dominated by Nvidia . Still, AMD is one of only a handful of companies capable of making high-powered graphics processing units (GPUs) that power AI models. Analysts at Raymond James lowered their price target from $145 to $125 but kept AMD as a "strong buy" largely due to its AI business.

Persons: Lisa Su, Raymond James, Jeffries, CNBC's Kif Leswing, Michael Bloom Organizations: Devices Inc, AMD, Revenue, Wall Street, Nvidia, Bank of America Locations: San Francisco , California, U.S, Q4E, CY24E, 1Q24

☆ SoftBank CEO Son says artificial general intelligence will come within 10 years
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Oct 4 (Reuters) - SoftBank (9984.T) CEO Masayoshi Son said he believes artificial general intelligence (AGI), artificial intelligence that surpasses human intelligence in almost all areas, will be realised within 10 years. Speaking at the SoftBank World corporate conference, Son said he believes AGI will be ten times more intelligent than the sum total of all human intelligence. He noted the rapid progress in generative AI that he said has already exceeded human intelligence in certain areas. Arm CEO Rene Haas, speaking at the conference via video, touted the energy efficiency of Arm's designs, saying they would become increasingly sought after to power artificial intelligence. Son said he thinks he is the only person who believes AGI will come within a decade.

Persons: Masayoshi Son, Son, AGI, SoftBank, Rene Haas, Haas, Anton Bridge, Tom Hogue, Edwina Gibbs Organizations: Thomson Locations: TOKYO

☆ SoftBank CEO says artificial general intelligence will come within 10 years
▼ + stars: | 2023-10-04 | by ( ) edition.cnn.com time to read: +2 min

Tokyo Reuters —SoftBank CEO Masayoshi Son said he believes artificial general intelligence (AGI), artificial intelligence that surpasses human intelligence in almost all areas, will be realized within 10 years. Speaking at the SoftBank World corporate conference, Son said he believes AGI will be ten times more intelligent than the sum total of all human intelligence. He noted the rapid progress in generative AI that he said has already exceeded human intelligence in certain areas. He also introduced the idea of “Artificial Super Intelligence” at the conference which he claimed would be realized in 20 years and would surpass human intelligence by a factor of 10,000. Son said he thinks he is the only person who believes AGI will come within a decade.

Persons: Masayoshi Son, Son, AGI, ”, He’s, Rene Haas, Haas Organizations: Tokyo Reuters —, ” Locations: Tokyo

☆ Buy this computer technology stock with more than 30% upside to play AI, Barclays says
▼ + stars: | 2023-09-19 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Supermicro could be set to take advantage of artificial intelligence hype, according to Barclays. The firm initiated coverage of the information technology company on Tuesday with an overweight rating and a $327 per share price target. Analyst George Wang noted that Supermicro is in an advantageous position when it comes to the emerging artificial intelligence opportunity. The analyst noted that AI inferencing, which is the process of a trained neural network model making predictions, already made up 52% of the company's second-quarter revenue. "We model SMCI's revenue growth at 17% in FY25 after 46% growth in FY24, consistent with IDC's [International Data Corporation] forecast of a 17% CAGR [compounded annual growth rate] in 2021-2026E for AI server revenue growth," Wang said.

Persons: George Wang, Wang, — CNBC's Michael Bloom Organizations: Barclays, Computer, International Data Corporation

☆ New benchmark tests speed of running AI models
▼ + stars: | 2023-09-11 | by ( Max A. Cherney | ) www.reuters.com time to read: +2 min

[1/2] An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song Acquire Licensing RightsSept 11 (Reuters) - An artificial intelligence benchmark group called MLCommons unveiled the results on Monday of new tests that determine how quickly top-of-the-line hardware can run AI models. The benchmark simulates the "inference" portion of AI data crunching, which powers the software behind generative AI tools. Nvidia's top submission for the inference benchmark build around eight of its flagship H100 chips. Nvidia has dominated the market for training AI models, but hasn't captured the inference market yet.

Persons: Aly, hasn't, Dave Salvator, Eitan Medina, Max A, Leslie Adler Organizations: Artificial Intelligence, REUTERS, Nvidia Corp, Intel Corp, CNN, Nvidia, Habana, Intel, Google, Thomson Locations: Shanghai, China, San Francisco

☆ Rosenblatt raises its Nvidia price target to a Wall Street high, sees the stock more than doubling
▼ + stars: | 2023-08-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

The firm raised its price target from $800 to $1,100 — a new high among Wall Street analysts — after the chipmaker beat second-quarter estimates and issue optimistic guidance. Rosenblatt had already hiked its price target heading into this week . The new price target implies more than 133% upside from Wednesday's close. Analyst Hans Mosemann described Nvidia's AI growth story as "the mother of all cycles." However, he forecasts constraints lifting in 2025, which would then raise the company's earnings per share power to a degree not reflected in the current valuation — and justifying the price target increase.

Persons: Rosenblatt, —, Hans Mosemann, Mosemann, Hopper, L40S, Michael Bloom Organizations: Wall Street, Nvidia

☆ 'Harder to find': Goldman Sachs names stocks with growth at a 'reasonable' price — and more
▼ + stars: | 2023-07-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Stocks with "reasonably valued" growth are becoming harder to find — given the increasing overlap between high-growth and expensive stocks, according to Goldman Sachs. First screen The first focused on stocks with growth at a reasonable price. SolarEdge Technologies : Investors can also look for strong growth from favorable geographic and end-market exposure. "Its refreshed, modern restaurant POS [point of sale] platform and new verticals should drive market share growth," Goldman analysts wrote. "We believe margins will remain in focus through 2023 and into 2024," Goldman said.

Persons: Goldman Sachs, Goldman, Goldman's, Johnson, Michael Bloom Organizations: Technologies, SolarEdge, BioMarin Pharmaceutical, Constellation Brands Locations: Europe, U.S

☆ Here are Friday's biggest analyst calls: Nvidia, Amazon, Carvana, Roku, Microsoft, Eli Lilly and more
▼ + stars: | 2023-07-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Truist reiterates Amazon as buy Truist said it's bullish heading into Amazon earnings Aug. 3. Piper Sandler upgrades SL Green to overweight from neutral Piper Sandler said in its upgrade of SL Green that the real estate investment trust has "favorable tailwinds." Piper Sandler downgrades Discover to neutral from overweight Piper Sandler said in its downgrade of the credit card company that it sees too many negative catalysts. Piper Sandler downgrades Carvana to neutral from overweight Piper Sandler downgraded the online used-car company mainly on valuation. Sirius' stock price has more than doubled over the past month and increased 42% yesterday alone.

Persons: . Bank of America downgrades Herc, Herc, Underperform, KeyBanc, it's, Truist, Piper Sandler, Piper Sandler downgrades Carvana, JPMorgan downgrades Blackstone, Morgan Stanley, Eli Lilly, Davidson, Davison, Oppenheimer, Baird, Wedbush, Goldman Sachs Organizations: . Bank of America, . Bank of America downgrades Herc Holdings, Bank of America, Hollywood, NA, Green, DFS, JPMorgan, Novo Nordisk, BMO, Consolidated Edison, of America, Deutsche Bank, Sirius, Nvidia, Microsoft Locations: 2Q23

☆ Top Wall Street analysts are bullish on these five stocks
▼ + stars: | 2023-07-16 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Benoit Tessier | ReutersCava GroupFirst on this week's list is the Mediterranean restaurant chain Cava (CAVA), which made a blockbuster public debut last month. The rally in CAVA shares since its initial public offering reflects investors' optimism about the fast-casual restaurant chain's growth prospects. Stifel analyst Chris O'Cull initiated a buy rating on Cava with a price target of $48. The analyst estimates annual revenue growth of 20% during the next four years, driven by at least 15% growth in Cava's footprint. The survey revealed that Services' average revenue per user (ARPU) in the U.S. is $110, which is much higher than Daryanani's global estimate of $81.

Persons: Benoit Tessier, Chris O'Cull, O'Cull, TipRanks, Amit Daryanani, Daryanani, Ivan Feinseth, Feinseth, Goldman Sachs, Toshiya Hari, Hari Organizations: Meta, Inc, Viva Technology, Porte de, Reuters, Cava, Apple, Apple Services, Services, Tigress Financial, TipRanks, Nvidia Semiconductor, Nvidia, US Locations: Porte, Paris, France, Cava, CAVA, U.S, Midwest

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