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Search resuls for: "2024e"


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☆ Here are Monday's biggest analyst calls: Tesla, Apple, Netflix, Amazon, Chevron, Meta, Shopify & more
  + stars: | 2023-01-30 | by ( Michael Bloom | ) www.cnbc.com   time to read: +8 min
Morgan Stanley upgrades Colgate-Palmolive to overweight from equal weight Morgan Stanley said in its upgrade of Colgate that it sees an attractive entry point. "We upgrade shares from Neutral to Buy as we see the last of tough comparables for SHOP subsiding entering '23." Bank of America reiterates Meta as neutral Bank of America says it's cautious heading into Meta earnings on Wednesday. Berenberg upgrades Tesla to buy from hold Berenberg said in its upgrade of Tesla that "factory innovations support long-term margins." Morgan Stanley reiterates Southwest Airlines as overweight Morgan Stanley says it's sticking with shares of the airline.
☆ JPMorgan trims its price target for Amazon heading into a challenging economic environment in 2023
  + stars: | 2022-12-16 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +2 min
JPMorgan is still bullish on shares of Amazon but sees it rising less than previously expected in 2023. The firm slashed its 12-month price target to $130 from $145 in a Dec. 16 note. The new price target implies more than 46% upside to where shares currently trade. Lower estimates JPMorgan now sees fourth quarter net sales of $143.4 billion and operating income of $2.0 billion, a 1.4% margin. The firm's total 2023 revenue estimate is down about 2% to $563 billion, including 17% AWS revenue growth on the year.
☆ Here are Thursday's biggest analyst calls: Tesla, Amazon, Nike, Nio, Verizon, Disney, Snap & more
  + stars: | 2022-12-15 | by ( Michael Bloom | ) www.cnbc.com   time to read: +9 min
Guggenheim names Nike a top 2023 pick Guggenheim said Nike's brand remains "healthy and strong." Bank of America names Amazon a top 2023 pick Bank of America said Amazon is a "share gainer" that will continue in 2023. " Morgan Stanley upgrades Verizon to overweight from equal weight Morgan Stanley said Verizon shares are "historically" attractive. Morgan Stanley downgrades AT & T to equal weight from overweight Morgan Stanley said it sees a more balanced risk/reward. Morgan Stanley downgrades Lockheed Martin to equal weight from overweight Morgan Stanley said it sees more "limited upside" for shares of the defense company. "
☆ Roku's 'lack of profitability' justifies a discount to its peers, KeyBanc says in downgrade
  + stars: | 2022-11-29 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
Roku faces a challenging road to profitability, according to KeyBanc Capital Markets. The firm downgraded shares of the beaten-up streaming stock to sector weight from overweight in a note to clients Monday. Patterson noted that Roku's 2023 and 2024 enterprise value-to-sales multiples of 1.9 times and 1.6 times are well below peer expectations and historic averages of 3.7 times and 3.2 times, respectively. "However, we believe share losses and lack of profitability warrant a discount vs. peers," he said. The firm adjusted fourth-quarter estimates and 2022 to 2024 revenue, gross profit and EBIDTA estimates to reflect its sentiment shift.
☆ Analysts are standing by these stocks with 'robust upside' ahead of Q3 earnings
  + stars: | 2022-10-15 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
Earnings season is underway and Wall Street analysts are picking their favorite stocks to buy ahead of third quarter results. In addition, "capital allocation optionality provides sources of earnings upside," according to the firm. We could see EPS of ~$1 by 2030, and view the stock as undervalued given the growth and earnings potential. This shows the earnings potential of Pfizer beyond the loss of exclusivity of key drugs through the end of the decade. ... .Capital allocation optionality provides sources of earnings upside."
☆ Mizuho downgrades Block, says bitcoin fixation causing company to lose ground on core business
  + stars: | 2022-09-22 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +2 min
Block has enormous potential in payments that it's not cashing in, according to Mizuho. The firm downgraded shares of the company to neutral from buy and slashed its price target to $57 from $125. Bitcoin accounted for less than 5% of gross profits in the first half of 2022, according to the note. Cash app is seeing lower growth due to over-saturation in low-income households, lower penetration in key age groups, slowing adds despite doubling user acquisition costs and lower monetization. Afterpay is also seeing slowing credit volumes, a worrisome trend that also led Mizuho to cut its gross profit expectations by 20% for the segment.
☆ Evercore ISI downgrades Block to underperform and slashes price target, citing growing headwinds in payments
  + stars: | 2022-09-14 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +2 min
Increased competition Competition in the payments space is heating up and could be a headwind for Block. In addition, given expectations for a U.S. economic slowdown, Evercore ISI now sees Block's profit growth rate continuing to decline from the second half of this year through 2024. "While cross-selling Afterpay within Seller and Cash App should help, these headwinds should sustain through 2023E," Togut said. "2022E-2024E, we forecast Afterpay's gross profit growth rate will average 13%, down from 83% and 72% in 2020 and 2021, respectively." Cash App is a different story, as Evercore ISI sees it growing gross profit in the coming quarters by utilizing new products and cross-selling.
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