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☆ Banks in Japan are primed to do well going forward. What's driving them and how to play the trend
▼ + stars: | 2023-10-24 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

One place in the world stands as a beacon for investors in bank stocks: Japan. Japanese banks have outperformed in a year when U.S. banks have come under pressure both from rapidly rising interest rates and the regional banking crisis last spring. "We've been bullish on Japanese banks for a long time," said Chen Zhao, chief global strategist at Alpine Macro. Part of what's driving the bull case for Japanese banks is the country's yield curve. While the U.S. and other developed economies contend with an inverted yield curve that's weighing on financial profit margins, Japan continues to have a positive yield curve.

Persons: We've, Chen Zhao, Zhao, JPMorgan's Marko Kolanovic, Japan's, Kolanovic, — CNBC's Michael Bloom Organizations: JPMorgan, Regional Banking, Treasury, Japan Post Bank, Chiba Bank, JPMorgan BetaBuilders Japan, Resona Holdings Locations: Japan, U.S, EWJ

☆ Here's what all the major analysts are saying about Alphabet before earnings
▼ + stars: | 2023-10-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Wall Street is optimistic ahead of Google 's quarterly earnings announcement Tuesday as the tech giant's advertising revenue growth shows signs of recovery. Analyst Ronald Josey estimates search revenue growth gained 11.3% year-over-year, versus the consensus projection of 9.6%. Bank of America sees search growth accelerating Bank of America also maintained its buy rating and $146 price target. We expect disruption with the format change, which will likely drive headwinds to medium-term search growth. Competitors are likely to bid aggressively for Google's search distribution partnerships, driving profitability lower.

Persons: Doug Anmuth, he's, Ronald Josey, Max, Jefferies, Brent Thill, Michael Bloom Organizations: Google, YouTube, Deutsche, JPMorgan, Citi, 3Q, Bank of America, of America, 2H, 12.1x Locations: Monday's, Wells

SAN FRANCISCO (AP) — Google’s digital advertising sales growth accelerated during the summer, advancing a recent revival that helped its corporate parent Alphabet Inc. to deliver a quarterly profit that exceeded analysts' projections. The third-quarter results released Tuesday for the July-September period included a 9% increase in Google’s ad sales from the same time last year. Those gains were the main reason Alphabet’s total revenue rose 11% from a year ago to $76.69 billion. The upturn was even better than the 7% year-over-year increase in revenue that Alphabet produced in the April-June period when it reversed an unprecedented drop in Google’s ad revenue after nearly 20 years of growth. “While the traction it has among AI startups may bear fruit in the long run, it is not currently helping Google Cloud enough to satisfy investors.”The Cloud letdown appeared to take the luster off the third-quarter report for many investors.

Persons: stoking, Sundar Pichai, ”, Max Willens, “ We’re, ” Pichai, Department’s Organizations: FRANCISCO, Inc, Google's, Microsoft, Google, U.S . Locations: , California, East, Ukraine

☆ 3Q GDP may be strong, but likely slowing into 4Q: DoubleLine Capital's Jeff Sherman
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3Q GDP may be strong, but likely slowing into 4Q: DoubleLine Capital's Jeff ShermanJeff Sherman, DoubleLine Capital deputy CIO, joins 'Squawk on the Street' to discuss the strategy around fixed income right now, what ultimately will turn the tide on the recent bond selloff, and more.

Persons: Jeff Sherman Jeff Sherman Organizations: DoubleLine

☆ Here are Friday's biggest analyst calls: Nvida, Amazon, SolarEdge, Sunrun, IBM, Crocs, Meta, Disney & more
▼ + stars: | 2023-10-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Meta as buy Bank of America said it's bullish heading into earnings next week. UBS upgrades Merck to buy from neutral UBS said Merck has an "undemanding" valuation and robust pipeline. UBS reiterates Ralph Lauren as buy UBS said the stock is best positioned for AI. UBS reiterates McDonald's as buy UBS said the stock remains attractively valued. Bank of America reiterates IBM as buy Bank of America said it's standing by its buy rating heading into earnings next week.

Persons: JPMorgan, Jefferies, Goldman Sachs, Goldman, it's, Merck, Stephens, Ralph Lauren, McDonald's, Cognizant, TSMC, Deutsch, Redburn, Raymond James Organizations: JPMorgan, Nvidia, Disney, Bank of America, Meta, UBS, Merck, Deutsche Bank, Union Pacific, Deutsche, IBM, Citi, Taiwan Semiconductor, Management, Deutsche Bank downgrades, Microsoft, Brands, Mattel, Disney Princess, of America Locations: China

☆ Deutsche Bank downgrades three solar stocks as industry demand weakens in the U.S. and Europe
▼ + stars: | 2023-10-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Softening demand means that investors should consider pivoting away from solar stocks, according to Deutsche Bank. The firm downgraded three solar names to hold from buy: SolarEdge , Sunrun and Sunnova . Deutsche lowered the price target for SolarEdge to $150 — implying a 32% potential upside from the stock's closing price Thursday — from $300. Those comments, along with SolarEdge cutting its third-quarter revenue guidance, put pressure on the broader solar sector. Earnings season for the solar industry kicks off with Sunnova reporting results on Oct. 25.

Persons: Deutsche, Sunnova, SolarEdge, Sunrun, Corinne Blanchard, whittle, Blanchard, there's, — CNBC's Michael Bloom Organizations: Deutsche Bank, NOVA, Bloomberg Locations: U.S, Northeastern U.S, Southern, China

☆ 'They crushed it.' Analysts cheer Netflix's strong third-quarter earnings
▼ + stars: | 2023-10-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Netflix 's better-than-expected quarterly earnings has analysts cheering the company's new subscriber growth initiatives, keeping them optimistic on the stock's growth potential. Yoon increased his price target to $390 from $375, implying 12.6% upside potential from Wednesday's close. Shares already rallied more than 13% Thursday during premarket trading, surpassing his price target. Anmuth raised his price target to $480 from $455, implying shares could jump 38.6% from Wednesday's close. UBS, Citi and Evercore all reiterated their price targets of $500 on shares, while Bank of America kept its $525 target price.

Persons: Bernstein, Laurent Yoon, Yoon, Goldman Sachs, Eric Sheridan, Doug Anmuth, Anmuth, Brian Kraft, Kraft, John Hodulik, Hodulik, Jessica Reif Ehrlich, Mark Mahaney, Mahaney, –, Michael Bloom Organizations: Netflix, ARM, JPMorgan, Deutsche, Bloomberg, UBS, Citi, Bank of America, of America, Global, Revenue Locations: U.S, Wednesday's

☆ Tesla shares sink 9% following earnings report, cautious commentary from Elon Musk
▼ + stars: | 2023-10-19 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

SpaceX and Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan forum on artificial intelligence at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Shares of Tesla tumbled more than 9% Thursday, a day after the electric automaker released third-quarter results that missed on top and bottom lines. It was the first time Tesla has missed on both earnings and revenue since the second quarter of 2019. "Interestingly, Elon Musk (CEO) dedicated a large amount of time to the broader macro environment and the effects of currently high interest rates," the Bank of America analysts wrote in a Thursday note. "In our opinion, 3Q23 was one of the most cautious Tesla conference calls we've heard in years," the Morgan Stanley analysts wrote.

Persons: Elon Musk, Tesla, Musk, Morgan Stanley, 3Q23, we've, — CNBC's Lora Kolodny, Michael Bloom Organizations: SpaceX, Tesla, U.S, Senate, Capitol, Washington , D.C, Bank of America, Deutsche Bank Locations: Washington ,, Mexico

☆ Tesla story 'broken?' Analysts cut their price targets on the electric car maker after disappointing third-quarter earnings
▼ + stars: | 2023-10-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

TSLA 1D mountain Tesla shares Many analysts covering Tesla had already forecast margin pressures due to lagging sales and just reiterated their ratings on the company's shares following Wednesday's release. Goldman Sachs reduced its price target to $235 from $265, which implies 3.2% downside. He reiterated his underperform rating and $150 price target on shares, which implies 38% downside from Wednesday's close. The bank reiterated its neutral rating, while bringing down its price target to $255 from $271. Even Morgan Stanley's Adam Jonas trimmed his price target to $380 from $400, though the new forecast still implies more than 56% upside.

Persons: weren't, Elon Musk, Tesla, Goldman Sachs, Mark Delaney, Delaney, Toni Sacconaghi, Bernstein, Wells Fargo, Wells, Colin Langan, Langan, Musk's, Phillippe Houchois, Itay Michaeli, Michaeli, Morgan Stanley's Adam Jonas, Jonas, — CNBC's Michael Bloom Organizations: Jefferies, Citi, U.S, EV, Tesla, Network Services, Mobility, Party, Energy, Insurance Locations: Mexico, Wells, Musk's Cybertruck

☆ Morgan Stanley upgrades Netflix after blowout earnings, sees 20% upside potential
▼ + stars: | 2023-10-19 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Morgan Stanley hiked its rating on Netflix following the streaming giant's stellar earnings report, seeing the shares potentially rising 20% on strong revenue growth. The Wall Street firm's analyst Benjamin Swinburne upgraded Netflix to overweight from equal weight Thursday, while raising his 12-month price target to $475. Netflix's subscriber growth was driven by a password-sharing crackdown efforts and interest in its new ad-supported tier. The analyst's bull case for Netflix in the most optimistic scenario calls for a $550 price target, or 40% upside. For the bear case, the analyst sees Netflix shares falling as low as $300, or 25% downside.

Persons: Morgan Stanley, Benjamin Swinburne, Swinburne, Netflix Morgan Stanley, Netflix's, CNBC's Michael Bloom Organizations: Netflix Locations: U.S

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Dollar Tree, Amazon, Alphabet, Toll Brothers and more
▼ + stars: | 2023-10-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Wells Fargo upgrades Air Products to overweight from equal weight Wells Fargo said it sees robust earnings growth. JPMorgan reiterates Alphabet as overweight JPMorgan said it's standing by its overweight rating heading into earnings next week. " JPMorgan upgrades Viasat to overweight from neutral JPMorgan said it sees an attractive entry point for the satellite company. " JPMorgan upgrades CyberArk to overweight from neutral JPMorgan said it sees "accelerating demand" for the cyber company. JPMorgan initiates Teck Resources as overweight JPMorgan said the metals and mining company is its preferred play. "

Persons: Wells Fargo, GOOGL, Wells, Horton, Stifel, Raymond James, Lam, Tesla, MBLY, Goldman Sachs, Bernstein, Morgan Stanley, Hannon, JPMorgan Organizations: Air Products, JPMorgan, Homebuilding, MAS, FERG, UW, Lam Research, Materials, Microsoft, Viasat, Citi, Exxon Mobil, Hannon Armstrong Sustainable Infrastructure Capital, Bank of America, Apple, of America, Pro, Teck Resources Locations: Wells, LEN, China, HASI

☆ 'Tesla could be in the midst of a strategic pivot': Here's what Wall Street expects from the EV maker's 3rd-quarter earnings report
▼ + stars: | 2023-10-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Here's what Wall Street expects from the EV maker's upcoming earnings report. AdvertisementAdvertisementAll eyes are on Tesla as it is scheduled to report its third-quarter earnings results on Wednesday after the market close. The EV maker already reported third-quarter deliveries of 435,059, which was below Wall Street expectations of 451,000 vehicles. Here's what Wall Street analysts are saying about Tesla's upcoming third-quarter earnings report. The bank lowered its third-quarter earnings per share estimate to $0.65 from $0.75, compared to GAAP EPS estimates of $0.78.

Persons: Tesla, —, Dan Ives, Ives, Wedbush, Goldman Sachs, Goldman Organizations: Investors, EV, Service, Wall Street, Bloomberg, RBC, Netflix, JPMorgan, Wall, Bank of America, of America, of Locations: China, Shanghai, Dallas, Tesla, 4Q23

NEW YORK (AP) — Goldman Sachs saw its third-quarter earnings fall 33%, with the investment bank seeing muted market conditions that allowed fewer deals and market making opportunities for the firm. The bank is selling off its GreenSky business, which the bank had to write off this quarter. The bank saw a 1% rise in investment banking revenues from last year, and its trading business of bonds, currencies and commodities was down 6% in the period. The bank's return on equity, a measurement on how well an investment bank is performing with the assets they hold, was 7.1% in the quarter. Historically in the past decade or so, banks like Goldman aim to get that measurement above 10%.

Persons: — Goldman Sachs, Goldman, “, ”, David Solomon Locations: New York

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Netflix, Colgate, Pfizer, Disney and more
▼ + stars: | 2023-10-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS upgrades UnitedHealth to buy from neutral UBS called the stock a "core holding." Jefferies upgrades Pfizer to buy from hold Jefferies said investors should buy the dip in shares of Pfizer. UBS initiates Evolent Health as buy UBS said it sees more upside for the health-care company. Morgan Stanley upgrades Varonis Systems to overweight from equal weight Morgan Stanley said the data security and analytics company has "underappreciated AI tailwinds." UBS upgrades Tal Education to buy from neutral UBS said a turnaround for the education tech company is underway.

Persons: Morgan Stanley, Apple, Jefferies, Goldman Sachs, Horton, Piper Sandler, Tesla, Truist, Stifel Organizations: Apple, JPMorgan, Nvidia, NVIDIA, UBS, UNH, Jefferies, Pfizer, Maplebear Inc, Disney, US Parks, Evolent Health, payors, Varonis, Nice Systems, NICE, Netflix, ISI, Tal Education, RBC, BMO, Energy, Colgate, Palmolive Locations: UNH, U.S

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Dollar General, Amazon, Meta, SolarEdge & more
▼ + stars: | 2023-10-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

HSBC initiates American Express as buy HSBC said it sees healthy earnings growth for American Express . Mizuho reiterates Meta as buy Mizuho said it's standing by its buy rating heading into earnings later this month. Bernstein reiterates Tesla as underperform Bernstein concluded in an analysis of Tesla that the company is more of an automaker than a tech company. Barclays upgrades Varonis Systems to overweight from equal weight Barclays said it sees numerous positive catalysts ahead for the software company. Northland upgrades SolarEdge to outperform from market perform Northland said investors should buy the dip in shares of SolarEdge .

Persons: Cowen, NVDA, Mizuho, Stephens, Bernstein, Tesla, underperform Bernstein, Warren Buffett, Hershey, Morgan Stanley downgrades JD.com, Morgan Stanley, Gordon Haskett, Todd Vasos, Jeff Owen, Read, Wolfe, today's, Baird, Needham, Oppenheimer, Wells, LULU, Meghan Frank, Howard Tubin Organizations: HSBC, American, American Express, Bank of America, Nvidia, Meta, Barclays, Varonis, Hershey, JPMorgan, Post Holdings, Netflix, Citi, Oshkosh, Lam Research, Materials, Supply, VP Locations: 4Q22, Northland, SolarEdge, Israel, California

☆ Here are Thursday's biggest analyst calls: Target, First Solar, Ford, Netflix, Amazon, Spotify, Exxon Mobil and more
▼ + stars: | 2023-10-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Amazon as buy Goldman Sachs said it's standing by its buy rating ahead of earnings later this month. Citi reiterates Netflix as buy Citi said it's standing by its buy rating on the stock heading into earnings next week. Bank of America reiterates Ford as buy Bank of America said its standing by its buy rating on the stock despite the strike at Ford's largest truck plant. Bank of America upgrades Target to buy from neutral Bank of America said it sees an attractive risk/reward for Target shares. " RBC downgrades ResMed to sector perform from outperform RBC said in its downgrade of ResMed that it sees slowing earnings growth.

Persons: Warby Parker, BTIG, Goldman Sachs, Morgan Stanley, it's, JPMorgan, Bernstein, underperform Bernstein, CLX, Ford, Wells, Wells Fargo, Truist, it's bullish, D.A, Davidson Organizations: Citi, Netflix, 4Q23, Barclays, Spotify, Taiwan Semiconductor, JPMorgan, RBC, BMO, Bank of America, Ford's, UAW, Detroit, underperform Bank of America, 3Q, Microsoft, " Bank of America, of America, Exxon Mobil, Exxon, Pioneer, Seaport, Mizuho Locations: 2H24

☆ Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
▼ + stars: | 2023-10-12 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

Just as they did during the March regional banking crisis, higher rates are expected to lead to a jump in losses on banks' bond portfolios and contribute to funding pressures as institutions are forced to pay higher rates for deposits. The issue constrains the bank's interest revenue and has made the lender the worst stock performer this year among the top six U.S. institutions. Expectations on the impact of higher rates on banks' balance sheets varied. Still, others including KBW and UBS analysts said that other factors could soften the capital hit from higher rates for most of the industry. There's also concern that higher interest rates will result in ballooning losses in commercial real estate and industrial loans.

Persons: Jamie Dimon, Marco Bello, Christopher McGratty, David Konrad, McGratty, Morgan Stanley, Betsy Graseck, Konrad, Gerard Cassidy Organizations: JPMorgan Chase &, Reuters, JPMorgan Chase, Citigroup, Bank, Silicon Valley Bank, First, Bank of America, Comerica, Fifth Third Bank, KeyBank, UBS, RBC Locations: Miami , Florida, U.S, Wells Fargo, Silicon, First Republic

☆ Here are Wednesday's biggest analyst calls: Nvidia, Boeing, SoFi, Netflix, Apple, Cava, Walmart and more
▼ + stars: | 2023-10-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Wednesday's biggest calls on Wall Street on Wednesday: Goldman Sachs upgrades Shoals to buy from neutral Goldman Sachs said the solar company is very attractive. Morgan Stanley upgrades Cava to overweight from neutral Morgan Stanley said it's gaining confidence in the restaurant chain. JPMorgan upgrades CSX to overweight from neutral JPMorgan said rail concerns have already played out. JPMorgan upgrades Iris Energy to overweight from neutral JPMorgan said the bitcoin mining company is "best-in-class." JPMorgan initiates CleanSpark as overweight JPMorgan said the bitcoin miner offers "relative value."

Persons: Goldman Sachs, Wells, Wells Fargo, TD Cowen, Cowen, Stephens, Raymond James, it's bullish, Morgan Stanley, Cava, it's, UBS downgrades Morgan Stanley, Oppenheimer, Needham, Robinhood, MAUs, Truist, Piper Sandler, JPMorgan, Mizuho, SoFi, SOFI, Leerink, Apple Organizations: Netflix, JPMorgan, CSX, Nvidia, Iris Energy, Energy, UBS, Boeing, Oppenheimer downgrades Texas, Texas, Qs, Logistics, Amazon, Arista Networks, Barclays, Ball Corporation, Apple, Walmart, Deutsche Bank, Cboe Locations: CAVA, OW, U.S, China, ANET, SoFi

☆ Goldman Sachs: These 40 stocks could earn higher profits than the rest of the market next year — including one that could see earnings grow by 181% by the end of 2024
▼ + stars: | 2023-10-11 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

But a new earnings season could bring a new spark to markets. 40 stocks with earnings growth aheadWhile any improvement to bottom lines across the market is a good thing, investors don't have to settle for market-matching EPS growth. In a separate note published earlier this month, Kostin revealed the 40 stocks that Goldman Sachs believes will enjoy stronger earnings growth than the rest of the market next year. All 40 are below, ranked in descending order of 2024 estimated EPS growth. Along with each stock is its ticker, 2023 estimated EPS growth, and 2024 estimated EPS growth.

Persons: Goldman Sachs, David Kostin, Kostin, that's, — Organizations: 3Q, 4Q Locations: Wall

☆ The outperformance of the 'Big 7' tech stocks will continue for the rest of the year, Wolfe says
▼ + stars: | 2023-10-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Investors can continue to rely on the strength of a small group of tech stocks through at least the end of this year, according to Wolfe Research. The Magnificent 7 or Big 7 are the mega-cap tech stocks that drove the narrow market rally in the first half of 2023, such as Apple and Nvidia . The CNBC Magnificent 7 Index is up 90% year to date, compared with about 13% for the S & P 500 . The gap is even wider when looking at an equal-weighted version of the S & P 500, which reduces the effects of the biggest stocks. Over the past month, the S & P 500 has dropped more than 2%, but the Magnificent 7 are up 0.5%.

Persons: Wolfe, Chris Senyek, Senyek, — CNBC's Michael Bloom Organizations: Wolfe Research, Apple, Nvidia, CNBC

☆ Bank of America sees more than 60% upside in this beaten-down payments stock
▼ + stars: | 2023-10-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Shares of Block are too cheap relative to the payment company's high-quality fundamentals, according to Bank of America. The firm reiterated its buy rating on the stock along with its price objective at $71. That target suggests a 62% upside from Monday's closing price of $43.71. SQ YTD mountain SQ YTD chart "We believe this pullback is quite unjustified, but suspect it is due to: 1. Kupferberg also pointed toward Block's strong fundamentals as a catalyst for the firm's potential upside.

Persons: Jason Kupferberg, Kupferberg, — CNBC's Michael Bloom Organizations: Bank of America

☆ Goldman Sachs says the Magnificent 7 are the cheapest they've been in 6 years — and an upcoming catalyst could help push shares another 20% higher from today's prices
▼ + stars: | 2023-10-06 | by ( Mark Reeth | ) www.businessinsider.com time to read: +7 min

A magnificent time to buy the dipHigher bond yields hurt the Magnificent Seven's shares, Kostin said, simultaneously sending their valuations lower. "The recent upgrade to consensus estimates in part reflects the largest tech stocks growing into their elevated P/E multiples – especially NVDA and AMZN." "History suggests the upcoming earnings season is a potential catalyst for the largest tech stocks," he wrote. And for investors worried about price, Kostin has good news: shares of the Magnificent Seven stocks are the cheapest they've been in six years. Goldman SachsWith higher sales and higher earnings expectations powering shares skywards, Kostin believes that shares of the Magnificent Seven could enjoy shockingly strong appreciation from today's prices.

Persons: Goldman Sachs, Tesla, David Kostin, Kostin Organizations: Nvidia, Apple, Microsoft, Meta, Treasury

☆ JPMorgan says controversial eye disease treatment can more than double this biopharma stock
▼ + stars: | 2023-10-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

A controversial eye treatment from Apellis can lead to sharp returns for investors, according to JPMorgan. The bank upgraded the biopharmaceutical stock to overweight from neutral and raised its price target to $81 from $60. The drug aims to treat an eye disease called geographic atrophy, which, according to the Syfovre website, affects about 1 million people. APLS YTD mountain Apellis ytd chart Analyst Anupam Rama believes that Apellis' overall pipeline has only been strengthened by recent approvals of Syfovre. The analyst noted that some physicians who had initially paused treatment of Syfovre have already begun to return to prescribing the injection.

Persons: Anupam Rama, Apellis, Rama, Michael Bloom Organizations: JPMorgan, ~$ Locations: 4Q

☆ Ford’s Hybrids Take Off, Pushing 3Q Sales Up 7.7%
▼ + stars: | 2023-10-04 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Buy this freelance services stock for more than 35% upside, UBS says
▼ + stars: | 2023-10-04 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

UBS thinks Fiverr International can use a lead in job listings to pick up steam in 2024. The firm initiated the stock with a buy rating in a Tuesday note and a $33 per share price target. UBS' forecast implies more than 36% upside from Tuesday's $25.16 close. Analyst Kunal Madhukar said Fiverr's lead in overall job listings and higher trending multiples heading into 2024 underpinned his bullish forecast on the stock. FVRR YTD mountain Fiverr International stock.

Persons: Fiverr, Kunal Madhukar, Fiverr's, Madhukar, — CNBC's Michael Bloom Organizations: UBS, 2Q Locations: Fiverr, 1Q23

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