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☆ What the Google break-up threat means for Alphabet's stock
▼ + stars: | 2024-10-09 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

The Justice Department's proposals included "behavioral and structural remedies" that would prevent Google from using its products against its rivals. GOOGL YTD mountain Google shares in 2024 Overall, Alphabet shares likely won't change much on the DOJ's initial framework in the short term, according to JPMorgan. The myriad of potential outcomes for Google means there isn't much near-term clarity for the stock. Indeed, Alphabet shares are up 15% in 2024, versus S & P 500's 21% gain. The bigger catalyst for Alphabet shares is the company's opportunity to further reduce its headcount and save on costs, analyst Thomas Champion wrote in a Sept. 30 research note.

Persons: Doug Anmuth, Anmuth, JPMorgan's Anmuth, Craig Moffett, Moffett, Piper Sandler, Thomas Champion, — CNBC's Jennifer Elias, Michael Bloom Organizations: Justice, Google, DOJ, JPMorgan, Meta Locations: U.S

Goldman Sachs initiated coverage of Disney with a buy rating and a price target that implies more than 20% upside. Elsewhere, Piper Sandler raised its price target on Uber, calling for nearly 25% upside. Analyst Jonna Kim simultaneously raised her price target to $30 from $28, citing a likelihood in earnings upside. As a catalyst, Kim cited "potential upside to FY24 Street estimates given solid topline momentum combined with margin expansion on continued inventory & expense management." — Lisa Kailai Han 5:41 a.m.: Goldman Sachs initiates Disney with a buy rating Disney has room for upside growth ahead, according to Goldman Sachs.

Persons: Goldman Sachs, Raymond James, Piper Sandler, TD Cowen, Jonna Kim, Kim, Lisa Kailai Han, Jeff Chung, Chung, — Lisa Kailai Han, Ranjan Sharma, Sharma, Uber, Thomas Champion's, AMZN, Michael Ng, Ng, Raymond James downgrades, RJ Milligan, Milligan, PENN, Fred Imbert Organizations: CNBC, Disney, Penn Entertainment, Navy, Citi, IHS, Volkswagen, JPMorgan, Google, Yahoo, Uber, ESPN, Netflix, Disneyland, Raymond James downgrades Penn Entertainment, NFL, Penn Locations: 2024E, 2025E, Singapore, TikTok, Indonesia, Philippines, Malaysia, Monday's

Analyst Brian Essex upgraded Zscaler to overweight from neutral and raised his price target to $230 per share from $205. The bank upgraded the software stock to overweight from neutral on Friday, and raised its price target to $580 per share from $570. Champine reiterated a buy rating on the wholesaler and raised its price target to $940 per share from $890. The analyst upgraded shares of BofA to outperform from market perform and raised his price target to $46 per share from $37. He has an overweight rating and a price target of $52, implying upside of 20% over the next 12 months.

Persons: KBW, Piper Sandler, Pinterest, Brian Essex, Essex, — Brian Evans, Mark Murphy, Laura Champine, Champine, Keefe, David Konrad, Konrad, Brian Evans, Thomas Champion, Fred Imbert Organizations: CNBC, of America, JPMorgan, Security, Zero Trust Network Security, Adobe, Wall, Costco, Bank of America, Bank, America Locations: U.S, Los Angeles

☆ BMO says there's a buying opportunity in small caps, gives a list of the best ones to buy
▼ + stars: | 2024-03-27 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Since the start of the year, the S & P MidCap 400 index and S & P SmallCap 600 index have added 8.2% and 0.2%, respectively. The large-cap S & P 500, meanwhile, has gained roughly 9.5%. March has proved to be a better month for so-called SMID-cap stocks, however, with the S & P MidCap 400 gaining about 4%, while its large-cap counterpart has added 2.4%. To play this trend, he listed several stocks in BMO's SMID-cap universe that the firm rates as outperform. Other top stocks included in BMO's SMID-cap coverage include social media company Snap , discount retailer Ross Stores and electric power and natural gas supplier Constellation Energy .

Persons: Brian Belski, Belski, Piper Sandler, Thomas Champion, Morgan Stanley, Keith Bachman Organizations: BMO Capital Markets, BMO, BMO's, Software, BMO Capital, Ross Stores, Constellation Energy Locations: Tuesday's, Real

☆ Everything is lining up right for these stocks, according to Piper Sandler
▼ + stars: | 2023-11-03 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

As the market gets off to a strong start for the new month, Piper Sandler sees the stars aligning for certain stocks. All stocks on the Piper Sandler list have an overweight rating. Piper Sandler's high-conviction list comes as stocks head for their best week of the year . E-commerce giant Amazon made the Piper Sandler list, underpinned by both its earnings growth and momentum heading into future results. The firm also noted that Amazon stock is headed toward its 52-week high and could break out above $146 per share.

Persons: Piper Sandler, Piper Sandler's, Thomas Champion, Lululemon, LULU, Abbie Zvejnieks, Zvejnieks, Amgen, Christopher Raymond, Raymond Organizations: Federal Locations: American, ecommerce

☆ Piper Sandler raises Amazon price target as the e-commerce giant nears a 'margin renaissance'
▼ + stars: | 2023-08-24 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Investors should snap up Amazon shares as the e-commerce giant comes within reach of an inflection point, according to Piper Sandler. Analyst Thomas Champion raised his price target on the stock by $10 to $185 per share, implying upside of 36.5% from Wednesday's close. "We think now is the time to buy AMZN with margins inflecting & AWS growth troughing," Champion added, using the acronym for the company's cloud business called Amazon Web Services. Champion raised his operating income expectations for 2024 to $48 billion from $38 billion, citing greater confidence in margins. Ultimately, he called Amazon a "a must-own growth name" for the second half of this year.

Persons: Piper Sandler, Thomas Champion, — CNBC's Michael Bloom Organizations: Web Services Locations: Wednesday's

☆ Piper Sandler upgrades Zillow, sees real estate stock rallying more than 30%
▼ + stars: | 2023-07-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Zillow shares have even more room to run despite their hot start to 2023, according to Piper Sandler. Zillow stock has soared 49.3% in 2023. ZG YTD mountain Zillow stock has skyrocketed more than 49% in 2023. We raise '24 revenue by ~2% & EBITDA [earnings before interest, taxes, depreciation and amortization] by 14%," Champion said. Champion also noted that the first quarter of 2023 saw Zillow's Premier Agent gain the most market share since 2018.

Persons: Piper Sandler, Piper Sandler's, Thomas Champion, Champion, Fannie Mae, Michael Bloom Locations: Wall

☆ Stocks making the biggest premarket moves: JetBlue, Zillow, JPMorgan Chase, 3M and more
▼ + stars: | 2023-07-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

JPMorgan Chase — The Wall Street heavyweight added 1.2% in premarket trading after an upgrade from Jefferies to buy from hold on Tuesday. U.S. Bancorp — Shares of the Minnesota-based bank gained 2.2% following an upgrade to buy from neutral by Bank of America. 3M — Shares rose nearly 2% in premarket trading following an upgrade to neutral from underperform by Bank of America. Shares of Zions fell 1.5% in premarket trading, while Truist's were down 1%. The biotech company on Monday said the pricing of its underwritten public offering, of 20 million shares of common stock, would be at $7.50 per share.

Persons: New York John F, Piper Sandler, Thomas Champion, JPMorgan Chase, Ebrahim Poonawala, Wells Fargo, Jefferies, Truist's, Iovance Biotherapeutics, —, Jesse Pound, Alex Harring, Samantha Subin, Brian Evans, Sarah Min, Michael Bloom Organizations: JetBlue Airways Airbus, New York, Kennedy International Airport, JetBlue Airways — JetBlue Airways, JPMorgan, Wall, Jefferies, U.S . Bancorp, Bank of America, Bancorp, Amazon Web Services, Prime, Zions Bancorp Locations: New, USA, U.S, Minnesota, underperform

☆ Piper Sandler hikes Meta price target, says investors can have confidence in Reels, A.I. strategy
▼ + stars: | 2023-06-14 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

META YTD mountain Meta shares YTD Meta shares have already doubled this year and are 125% higher as the likelihood of a pause in interest rate hikes buoy the outlook for mega-cap tech stocks. The analyst's $310 price target, raised from $270, implies 14% upside from Tuesday's closing price of $271.32. Meanwhile, Meta's AI strategy is helping increase the time users spend on its platforms, improving its suite of tools for advertisers and building out an AI ecosystem. Piper Sandler was not the only Wall Street firm hiking its price target on Meta. Wolfe Research on Tuesday also raised its price target to $330, from $300, implying Meta can rise 21% from Tuesday's close.

Persons: Piper Sandler, Thomas Champion, Wolfe, Deepak Mathivanan, Michael Bloom Organizations: Meta, Wolfe Research Locations: Tuesday's

☆ Analysts see more upside for Meta with price target hikes. Here's what the pros are saying
▼ + stars: | 2023-06-14 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Meta . The experts talked about the social media company after Piper Sandler raised its price target on the stock to $310 from $270 Wednesday. The analyst behind the call, Thomas Champion, explained how the company has been building out its artificial intelligence strategy and improving its Reels feature on Instagram. In addition, Wolfe Research boosted its price target to $330 from $300 Tuesday. The stock is currently held in Jim Cramer 's Charitable Trust portfolio.

Persons: Piper Sandler, Thomas Champion, Jim Cramer Organizations: Meta, Wolfe Research, Trust

☆ Groves wins chaotic Giro stage five after dog causes Evenepoel crash
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +3 min

May 10 (Reuters) - Favourite Remco Evenepoel crashed twice on stage five of the Giro d'Italia on Wednesday, the first time after a dog strayed on to the road in treacherous conditions caused by driving rain, before Kaden Groves won the stage in a bunch sprint. The second crash did not affect Evenepoel's time as it happened inside the three-km mark, effectively neutralising the general classification times. But the crash left the Belgian world champion fuming while the rest of the bunch surged ahead and Alpecin–Deceuninck's Groves dominated the sprint to win the stage. The breakaway trio of Thomas Champion, Samuele Zoccarato and Stefano Gandin had built up a head of steam before they were absorbed by the peloton with seven km to go. Just super bad luck, with the second crash," he said.

☆ Analysts laud Meta Platforms' focus on efficiency, say the stock is transitioning from 'doghouse to pedestal'
▼ + stars: | 2023-02-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Meta Platforms is turning its focus toward efficiency, and analysts seem to like the narrative shift from the battered technology giant. "Our management theme for 2023 is the 'Year of Efficiency' and we're focused on becoming a stronger and more nimble organization." META YTD mountain Meta Platforms shares have already surged 27% this year Analysts also seemed to praise the company's move to lower its outlook for capital expenditures and operating expenses. The word "efficiency" came up over 25 times on the company's earnings call, according to Morgan Stanley's Brian Nowak. The analyst has an outperform rating on Meta and hiked his price target to $275, which implies upside of nearly 80%.

Once high-flying mega-cap technology stocks tumbled in 2022, but some investors are willing to bet on Amazon and Alphabet in 2023, a new Delivering Alpha investor survey suggests. Betting on energy Energy stocks rallied in 2022 as the world grappled with supply constraints fueled by the conflict in Ukraine, but some investors aren't giving up on it just yet. When asked which areas they plan to focus on at the beginning of 2023, 41% of respondents highlighted energy stocks. Fundstrat's Tom Lee told CNBC last month that energy stocks can more than double next year even if the market stays flat . As uncertainty lingers, survey respondents also said they plan to look beyond the U.S. in 2023 toward opportunities in emerging markets.

☆ Piper Sandler upgrades Pinterest, says stock can jump more than 25% on stronger ad outlook
▼ + stars: | 2022-12-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

An improving advertising landscape should help Pinterest , Piper Sandler said Tuesday. Analyst Thomas Champion upgraded the social media stock to overweight from neutral and hiked his price target to $30 from $25. Pinterest is the only platform in Piper Sandler's survey of advertisers to show improvements in return on investment, targeting and measurement. Champion said that could mean a greater share of advertising spend in 2023, which would challenge a trend of contracting advertising revenue seen within technology companies. Wall Street expectations look attainable for revenue and margin expansion, he said, and a stock buyback is likely.

☆ Stocks making the biggest moves midday: Moderna, First Solar, Pinterest, Norwegian Cruise Line and more
▼ + stars: | 2022-12-13 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Moderna – The drugmaker saw its stock soar 19.6% after the company issued promising data about its cancer treatment. First Solar – The solar stock added 4.5% following an announcement on Monday that it will replace Fortune Brands Home & Security in the S&P 500 . Pinterest – Shares of the social media company climbed 11.9% after Piper Sandler upgraded Pinterest to overweight from neutral. Norwegian Cruise Line – The cruise giant shed 2.8% after UBS downgraded the stock to neutral from buy.

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