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Top related persons:
— Michael Bloom - 9 Michael Bloom - 2 Ralph Lauren - 1 Raymond James - 1 Rick Patel - 1 Patel - 1 Ralph Lauren's - 1 Ralph - 1
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Bank of America - 2 Wholesale - 1 Comcast - 1 Verizon - 1 Cable - 1 CNBC - 1 UBS - 1 Google - 1

Search resuls for: "— Michael Bloom"


13 mentions found


☆ Raymond James says buy this undervalued retail stock
  + stars: | 2023-09-22 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +1 min
Growing international market share should lift Ralph Lauren 's revenue growth, according to Raymond James. The firm initiated the stock with an outperform rating and a price target of $135 per share. RL YTD mountain RL ytd chart Analyst Rick Patel thinks that Ralph Lauren is trading below fair value, creating a buying opportunity for investors. Growing average item selling prices and unit volume from international markets such Asia should also serve to push Ralph Lauren's revenue growth higher, Patel added. This has entailed elevating its iconic brand, right-sizing its wholesale distribution, fortifying its digital capabilities, and right-sizing inventory," he wrote.
Persons: Ralph Lauren, Raymond James, Rick Patel, Patel, Ralph Lauren's, Ralph, — Michael Bloom Organizations: Wholesale Locations: North America, Asia, COVID
☆ Wells Fargo upgrades this telecom stock that can jump more than 20% from here
  + stars: | 2023-09-22 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +1 min
Charter 's debt structure and growing sports segments should give it a leg up on competitors, according to Wells Fargo. The bank upgraded shares of the telecommunications company to overweight from overweight on Friday and lifted its price target to $550 from $450. While higher prices and the rising popularity of streaming services have plagued the cable industry in recent years, Charter's stock has rallied 31.8% this year. CHTR YTD mountain Charter ytd chart Charter's more favorable capital structure and its growing sports content – which should improve its streaming market share in the long term – are two reasons why analyst Steven Cahall prefers Charter stock over Comcast. "The worst of Cable is behind it, and CHTR is the clearest expression of the new normal," he wrote.
Persons: Altice, Steven Cahall, Cahall, — Michael Bloom Organizations: Comcast, Verizon, Cable, CNBC Locations: Wells Fargo, Cable
☆ UBS says buy this website builder stock with more than 40% upside
  + stars: | 2023-09-22 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +1 min
A hefty product suite and rising brand awareness could propel Squarespace shares, according to UBS. The investment bank initiated coverage of Squarespace with a buy rating accompanied by a price target of $40 per share. Analyst Chris Kuntarich highlighted Squarespace's suite of content-generation AI products as a driver behind near-term subscriber monetization and long-term subscriber growth. Shares of the website builder have gained 24% this year, outperforming the S & P 500's 12.8% advance in that time. SQSP YTD mountain SQSP ytd chart — Michael Bloom contributed to this report
Persons: Chris Kuntarich, Kuntarich, SQSP, they've, Michael Bloom Organizations: UBS, Google
☆ Bank of America says this lidar stock can rally more than 40% after a sell-off
  + stars: | 2023-09-22 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +1 min
Hesai , the builder of lidar technology used in self-driving cars, could be in for strong gains after selling off following its U.S. initial public offering, according to Bank of America. The bank initiated coverage of Hesai with a buy rating and a price of $14.80. Since then, the stock has fallen more than 46%. Despite the sell-off, analyst Jessie Lo thinks the company "deserves a valuation premium against peers, given its leading position in market share, shipment, order gain, margin, breakeven timeline, and balance sheet/cash flow management." "We expect Hesai to ride on the ADAS [advanced driver assistance systems] industry takeoff and growing LiDAR penetration, and deliver 60% sales CAGR [compound annual growth rate] in 2023-25," she said.
Persons: Jessie Lo, Lo, — Michael Bloom Organizations: Bank of America, North Locations: Thursday's, Hesai's U.S, China
☆ Boeing gets downgraded by CFRA as near-term headwinds add up
  + stars: | 2023-09-22 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +1 min
It's time to move to the sidelines on Boeing as short-term headwinds pile up, according to CFRA. The firm downgraded the aircraft maker to hold from buy on Thursday and lowered its 12-month price target to $210 from $253. Analyst Stewart Glickman said the cuts are warranted "by a litany of quality control issues across the aerospace industry. The downgrade comes a month after Boeing said a new manufacturing flaw on its 737 Max jet will delay deliveries of the strong-selling aircraft. BA YTD mountain Boeing ytd chart Glickman also cut his 2024 earnings forecast to $5.39 per share from $6.02 per share.
Persons: Stewart Glickman, Glickman, — Michael Bloom Organizations: Boeing
☆ Shares of this iconic kids’ brand could rally nearly 50%, DA Davidson predicts
  + stars: | 2023-09-21 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +2 min
Build-A-Bear Workshop is set to win as adults get around to the fact that toys aren't just for kids anymore, according to DA Davidson. Analyst Michael Baker initiated coverage of the toy retailer earlier this week with a buy rating. Shares of Build-A-Bear have outperformed the broader market this year, rising more than 17%, while the S & P 500 is up 13%. BBW YTD mountain BBW ytd chart Build-A-Bear also caters to older demographics, with teens and adults responsible for over 40% of sales in 2022 owing to numerous collectibles and licensing agreements, Baker noted. "To us, this increases their total addressable market well beyond that $9B [global stuffed and plush toy] market and suggests a market share in the low single digit range."
Persons: DA Davidson, Michael Baker, Baker, Michael Bloom
☆ Deutsche Bank upgrades this solar stock poised to rally 30%
  + stars: | 2023-09-08 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
Analyst Corinne Blanchard upgraded the solar panel maker to buy from hold. She also raised her price target to $235 from $220, implying shares stand to gain 30.2% in the next 12 months. First Solar is the nation's largest solar panel manufacturer. First Solar is also at an "attractive entry point" compared to the firm's price target, the analyst said. The company is the nation's largest solar panel manufacturer.
Persons: Corinne Blanchard, Blanchard, — Michael Bloom Organizations: Deutsche Bank, Management Locations: U.S
☆ Gilead Sciences could jump nearly 30% as biopharma bounces back, says Bank of America
  + stars: | 2023-09-08 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
The biopharmaceutical sector is poised to bounce back this year, and Gilead Sciences could be a key beneficiary, according to Bank of America. Analyst Geoff Meacham upgraded Gilead to buy from neutral. He increased his target price for the stock by $7 to $95, which suggests shares stand to gain 28.5% from where they closed Thursday. Shares of California-based Gilead have dropped 13.9% so far this year. "With the potential for broader interest in the sector, we are more optimistic on performance into 2H23," Meacham said.
Persons: Geoff Meacham, Meacham, biopharma, — Michael Bloom Organizations: Gilead Sciences, Bank of America, PrEP, Kite Pharma Locations: Gilead, California, HCV
☆ D.A. Davidson says this cloud data provider is set to benefit in a big way from AI
  + stars: | 2023-09-08 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
Snowflake is an up-and-coming player in the artificial intelligence world that's here to win, according to D.A. The cloud data provider has gained nearly 11.4% year to date, but it's down 9.2% this quarter. "Even after cloud optimization efforts that plagued software companies this year, we view Snowflake in an advantageous position," Luria wrote in the Thursday note. "They maintain best-in-class growth rates and are positioned well as a cloud data company to benefit from increasing demand for artificial intelligence." Snowflake announced in late June that it is partnering with Nvidia to provide businesses with a path to create customized generative AI applications using their own proprietary data, using the Snowflake Data Cloud platform.
Persons: Davidson, Gil Luria, Luria, D.A, Snowflake, — Michael Bloom Organizations: Nvidia
☆ JPMorgan trims Apple share price target ahead of iPhone 15 launch
  + stars: | 2023-09-08 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
Apple has a challenge ahead as investors remain downbeat about the iPhone maker's upcoming launch, according to JPMorgan. Analyst Samik Chatterjee reiterated his overweight rating on the stock but lowered his price target by $5 to $230. This time around could be similar to a period when Apple's shares outperformed by meeting or beating low investor expectations for the iPhone 11, he said. A price increase across all iPhones, instead of only the Pro models, will incentivize consumers to choose the higher-end devices, he added. Despite near-term headwinds, however, the analyst maintained his "favorable outlook" on Apple's iPhone and services revenue, and he sees catalysts to accelerate revenue growth and upside potential.
Persons: Samik Chatterjee, Chatterjee, Apple, — Michael Bloom Organizations: Apple, JPMorgan
☆ Stock spinoffs beat the market by 10%. Here are some recent ones to buy
  + stars: | 2023-07-18 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
Investors looking for some outperformance may want to check out stocks that are spun off from their parent companies, according to Morgan Stanley. Two years after completion, spinoffs outperformed the market by an average of 10.2%, the investment bank found. Parent companies, on the other hand, underperformed by 8%. "Spinoffs present investors with a unique opportunity to capitalize on unlocked and potentially underappreciated value," analyst Todd Castagno wrote in a note Monday. One of the biggest spinoffs in the past year was GE Healthcare Technologies , which split from General Electric in December.
Persons: Morgan Stanley, Todd Castagno, — Michael Bloom Organizations: BorgWarner, New York Stock Exchange, Nasdaq, GE Healthcare Technologies, General Electric, GE Health Locations: LabCorp
☆ This chart shows S&P 500 rally could resume if inflation has peaked
  + stars: | 2022-11-09 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
If inflation has peaked, then U.S. stocks have bottomed, according to strategists at Clocktower Group —and that's exactly what they think has happened. They then looked at the average S & P 500 return following peaks in the CPI since 1934, and found that the broad-market index rises. Economists also predict core CPI, which excludes volatile food and energy prices, to gain 0.5% month over month. Inflation figures came in hotter than expected for September , with CPI rising 0.4% month over month —more than the 0.3% Dow Jones estimate. While Clocktower strategists believe the bottom is in, they are urging caution right now.
☆ These stocks could benefit from a GOP victory in midterm elections, and analysts love them
  + stars: | 2022-11-08 | by ( Michelle Fox | ) www.cnbc.com   time to read: +6 min
The stocks also have to have a potential upside of at least 20%, based on the average analyst price target, according to FactSet. Shares are up more than 36% year to date and have another 30% upside to the average analyst price target, according to FactSet. Google-parent Alphabet is down about 38% year to date but has nearly 45% upside to the average analyst price target. Match has lost more than 65% so far this year but has 50% upside to the average analyst price target, according to FactSet. The stock is down about 28% year to date, but has 27% upside to the average analyst price target.
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