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Search resuls for: "Eric Sheridan"


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☆ Goldman and Citi love these two beaten-down tech giants and expect them to rebound in 2023
  + stars: | 2022-12-14 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +4 min
Top pick - Amazon Amazon has enjoyed bullish ratings from Wall Street even as it's plunged roughly 45% year to date. In addition, "adoption of AWS can accelerate through improved operating efficiencies and hiring freezes can deliver improving operating income," Arounian wrote. Citi has a buy rating and $145 price target on the stock. Goldman Sachs also sees a buying opportunity for Amazon as one of its own top picks, with a buy rating. Top pick - Meta Meta Platforms is Citi's second pick in technology – the company has a buy rating and $168 price target on the stock.
☆ Goldman finds prior year's losers tend to beat the market in the first quarter — 10 laggard buys
  + stars: | 2022-12-02 | by ( Sarah Min | ) www.cnbc.com   time to read: +3 min
As investors prepare their portfolios for the new year, Goldman Sachs revisited laggard stocks that have the potential to outperform at the start of 2023. In the past, stocks that lagged the broader market tended to become leaders in the first quarter of the following year, according to Goldman Sachs. Goldman Sachs searched for laggards across several different criteria. Another stock that made the list includes Adobe , which Goldman Sachs considers a buy-rated quality stock trading at a reasonable valuation. In October, Goldman Sachs analyst Kash Rangan identified the name as a tech stock that is resilient in a downturn .
☆ Goldman Sachs names Amazon and Etsy as top stocks heading into 2022 holiday season
  + stars: | 2022-11-18 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
Goldman Sachs named Amazon and Etsy as top stock picks heading into 2022 holiday season. Analyst Eric Sheridan expects growth will decelerate in the fourth quarter for retailers, as they deal with a longer and more promotional end-of-the-year period than normal. Companies are dealing with the effects excess inventory, and inflation squeezing consumers. Retailers are expected to offer double-digit holiday discounts this year, from 10% to 32%, particularly in electronics and computers, according to the note. Meanwhile, Etsy is leaning into its differentiated inventory, selling and gifting homemade and affordable products.
☆ Wolfe Research says these unloved stocks are starting to show favorable signs heading into 2023
  + stars: | 2022-11-17 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
A few stocks that were unloved this year look set to turn the page heading into 2023, according to Wolfe Research. Wolfe Research searched for unloved names with buy ratings from less than 40% of analysts covering them. According to Wolfe Research, Carnival is expected to accelerate earnings by 647%. Pinterest has low short interest, just 5.5%, according to Wolfe Research. Regardless, the airline company has a high 2Q22 earnings quality score of 96, and it's forecasted to accelerate earnings by 17%, according to Wolfe Research.
☆ 8 retails stocks to buy from top analysts as Target signals tough times for the sector
  + stars: | 2022-11-16 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +3 min
Target on Wednesday reported that its profit fell by 50% as it tried to clear out excess inventory in the third quarter. To find a list of top-ranked retail stocks, CNBC Pro searched Tipranks for names in the sector rated at least a "strong buy" and with a more than 20% upside to the consensus price target. Callaway Golf has the largest upside to its consensus price target, with analysts saying it could surge more than 79% from where it currently trades. Jefferies boosted its price target on the name after its third-quarter earnings beat expectations and it raised its guidance for the fourth quarter. The company is strongly backed by Wall Street and has a more than 43% upside to its consensus price target as it's been beaten up this year.
☆ The problem for travel stocks is fear of a weakening consumer next year, says Goldman's Sheridan
  + stars: | 2022-11-01 | 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 EmailThe problem for travel stocks is fear of a weakening consumer next year, says Goldman's SheridanEric Sheridan, Goldman Sachs managing director, joins 'TechCheck' to discuss Sheridan's thoughts on Uber's quarterly earnings results, if Uber's result foreshadows what investors will hear from other companies and more.
☆ Wall Street's biggest banks say Amazon is still a screaming 'buy' despite its ugly earnings results. Here's why, and where they see future growth coming from.
  + stars: | 2022-10-31 | by ( Morgan Chittum | ) www.businessinsider.com   time to read: +4 min
The company's share price has dropped by more than 15% since then. Amazon's third-quarter earnings disappointed investors on Thursday, sending the company's stock into a tailspin. What's Wall Street saying? Outcry over grueling and unsafe working conditions from employees has not tipped the scale for shareholders or Wall Street analysts. His firm holds Amazon stock.
☆ Analysts remain confident in Amazon long term as shares crater, expect 'redemption story' ahead
  + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
Amazon 's disappointing quarterly results signaled to analysts that even the giants aren't immune to a macro slowdown. Analysts trimmed price targets and estimates to reflect a broader macro slowdown at the e-commerce giant following the results, with analysts at Deutsche Bank and Wolfe Research saying it's time to "batten down the hatches." However, most analysts remain bullish on the company's long-term trajectory, maintaining their outperform and buy ratings on the stock. That said, analysts across the board trimmed price targets and estimates to reflect the broader macro pressures. He trimmed his price target on the stock to $137 from $157 a share, suggesting 23% upside ahead for the stocks.
☆ Wall Street analysts are worried about Meta as it plans to spend even more money on the metaverse
  + stars: | 2022-10-27 | by ( Sarah Min | ) www.cnbc.com   time to read: +4 min
Meta 's third-quarter results have Wall Street analysts split on the struggling tech stock. Morgan Stanley's Brian Nowak downgraded shares of Meta to equal weight from overweight after the results , and slashed its price target to $105 from $205. Cowen's John Blackledge downgraded Meta to market perform from outperform, and lowered his price target to $135 from $205 prior, citing the higher opex and capex trajectory. JPMorgan's Doug Anmuth slashed his Meta price target to $115 per share from $180, noting that it's unclear when the Facebook parent will see a return on its big metaverse and AI investments. Meanwhile, AllianceBernstein's Mark Shmulik, who maintained an outperform rating while lowering the price target to $135 from $195, said the "shocking cost guidance overshadows reasonable core."
☆ Wall Street analysts see short-term pressure for Alphabet following earnings miss
  + stars: | 2022-10-26 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +4 min
Revenue also came in short at $69.09 billion where Wall Street analysts anticipated $70.58 billion. Those weaker-than-expected results were driven by a slowdown in ad spending and a slip in revenue at YouTube, areas where analysts expected growth. Citi analyst Ronald Josey cut his price target on the company to $120 from $140 to reflect slower revenue growth and margin pressures. A leaner Alphabet Alphabet announced that it would slow hiring in the coming quarter in a move to increase efficiency. "We believe advertising, content and product sales are converging, and GOOGL appears to be ahead of this trend, which is promising."
☆ Why analysts say Netflix's third-quarter results signal the start of a 'narrative defining period'
  + stars: | 2022-10-19 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
Netflix 's subscriber turnaround in the third quarter signaled to many that the streaming giant's troubles are behind it. But some analysts warn the company isn't out of the woods just yet and the stock is entering a defining period. The streaming giant on Tuesday reported subscriber growth of roughly 2.4 million, topping expectations set by analysts, after back-to-back quarters of subscriber losses. That said, Morgan Stanley's Benjamin Swinburne wrote in a note to clients that the stock is overstating Netflix's outlook ahead. But without a boost in the pace of streaming growth, he sees difficulty for Netflix to surpass 10% growth in the foreseeable future.
☆ Tesla investors try to ignore Musk's many distractions
  + stars: | 2022-10-16 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +7 min
While that’s good news for Twitter’s long-suffering shareholders, Tesla investors hope he still has some time for them. There are big challenges in China as well, with Tesla going up against homegrown EV rivals like Nio (NIO), Xpeng and Li Auto. Too many distractionsGary Black, managing partner at the Future Fund and a Tesla shareholder, has been tweeting for the past few weeks that concerns about Twitter are a headache for Tesla investors. In one tweet, Black said there are several problems for Tesla due to Twitter. The underwhelming deliveries and production numbers also underscore how a slowing global economy (and possible recession) could hurt Tesla.
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