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Our Blogs
Nov 28, 2023 - Davit Kirakosyan
Tesla’s Cybertruck Expected to Cost $50,000-80,000, Says Wedbush
Wedbush analysts maintained an Outperform rating and a $310.00 price target on Tesla (NASDAQ:TSLA), following the company's announcement of a Cybertruck event scheduled for this Thursday, marking the vehicle's first deliveries. The analysts view this event as a significant milestone for both Tesla a...
Nov 28, 2023 - Davit Kirakosyan
Bernstein Sees Appealing Revenue Story for Confluent
Bernstein analysts initiated coverage of Confluent (NASDAQ:CFLT) with an Outperform rating and a price target of $34 per share. Shares jumped more than 8% intra-day today. The analysts described Confluent as an appealing revenue story, benefiting from the ongoing adoption of cloud technologies. They...
Nov 28, 2023 - Davit Kirakosyan
MercadoLibre Upgraded to Buy After Strong Black Friday Performance
Bank of America analysts upgraded the rating for Mercadolibre (NASDAQ:MELI) to Buy from Neutral, following impressive Black Friday performance. Along with this upgrade, the price target for Mercadolibre has been significantly increased by $650, bringing it to $2000 per share. The analysts’ decision ...
Nov 28, 2023 - Davit Kirakosyan
Shopify’s Rating Slashed to Underweight at Piper Sandler
Piper Sandler downgraded Shopify (NYSE:SHOP) shares from Neutral to Underweight, with analysts reducing the price target to $56 from the previous $58 per share. The analysts highlighted Shopify's significant outperformance this year, driven by its exit from the logistics business and a renewed focu...
Nov 28, 2023 - Davit Kirakosyan
PDD Stock Jumps 15% on Q3 Beat
Shares of PDD Holdings (NASDAQ:PDD), formerly known as Pinduoduo, saw a significant increase of nearly 15% pre-market today following the announcement of their third-quarter sales, which exceeded expectations. For the quarter ending September 30, PDD reported a revenue of 68.84 billion yuan (approxi...
Nov 28, 2023 - Davit Kirakosyan
Affirm Earns an Upgrade at Jefferies
Shares of Affirm (NASDAQ:AFRM) experienced an uptick in premarket trading today following an upgrade by Jefferies. Jefferies analysts raised Affirm's rating to Hold from Underperform, highlighting the recent evidence of stabilizing credit risk, which they believe underscores the structural advantage...
Nov 27, 2023 - Davit Kirakosyan
Shopify Shares Surge 5% on Merchants’ Record Black Friday Sales
Shares of Shopify (NYSE:SHOP) saw an increase of nearly 5% intra-day today following the announcement that its merchants achieved a record $4.1 billion in sales on Black Friday. Shopify reported that businesses using its platform experienced a 22% growth in global sales compared to the previous year...
Nov 27, 2023 - Davit Kirakosyan
Crown Castle Shares Gain 5% on Elliott Investment Management's Push For Changes
Shares of Crown Castle (NYSE:CCI) saw an increase of over 4% intra-day today following the announcement by Elliott Investment Management of its more than $2 billion investment in the wireless tower company and its intention to push for changes. Elliott plans to engage with Crown Castle to implement ...
Nov 27, 2023 - Davit Kirakosyan
Citi Expects a Q3 Miss By Ulta Beauty
Citi analysts adjusted their price target for Ulta Beauty (NASDAQ:ULTA), reducing it by $35 to $440 per share, amid expectations that the company may fall short of analyst forecasts in its upcoming Q3 report, which is scheduled on Nov 30. Consequently, the analysts initiated a 30-day negative cataly...
Nov 27, 2023 - Davit Kirakosyan
Foot Locker Shares Drop Following Citi’s Downgrade
Shares of Foot Locker (NYSE:FL) saw a 4% decline intra-day today following a downgrade by Citi to Sell with an assigned price target of $18, suggesting a possible 22% downside. The analysts at Citi believe Foot Locker will prioritize inventory clearance by the end of the year, which is expected to i...
Nov 27, 2023 - Davit Kirakosyan
Pinterest Started With Buy Rating at New Street Research, Shares Gain 3%
Shares of Pinterest (NYSE:PINS) experienced a 3% rise intra-day today following the initiation of positive research coverage by New Street Research. The analysts selected Pinterest as a new Top SMID Cap Pick, starting coverage with a Buy rating and setting a Street-high price target of $48 per share...
Nov 27, 2023 - Davit Kirakosyan
Synopsys Price Target Raised at KeyBanc Ahead of Q4
KeyBanc Capital increased its price target for Synopsys (NASDAQ:SNPS) from $540 to $600 per share. The firm maintained its Overweight rating on the stock ahead of the company’s earnings report on November 29. KeyBanc anticipates that the software company will report better-than-expected results and ...
Nov 24, 2023 - Davit Kirakosyan
Citi Raises Price Target on Salesforce
Citi analysts updated their price target for Salesforce (NYSE:CRM), increasing it from $229 to $247 per share, while maintaining a Neutral rating on the stock. The analysts communicated to investors that the approach to Salesforce's Q3 earnings is marked by a balanced perspective on the company's p...
Nov 24, 2023 - Davit Kirakosyan
Urban Outfitters Downgraded to Equal Weight at Morgan Stanley
Morgan Stanley analysts adjusted their rating on Urban Outfitters (NASDAQ:URBN), changing it from Overweight to Equal-Weight and reducing the price target from $42 to $36 per share. The analysts noted that Urban Outfitters has faced more prolonged challenges than initially anticipated, with difficul...
Nov 24, 2023 - Davit Kirakosyan
Apple's Unit Sales Fall 4% During China's Two-Week Singles Day
During China's Singles Day sales, which occurred from October 30 to November 12, Apple (NASDAQ:AAPL) saw a decrease in unit sales, according to Counterpoint Research. The firm estimated a 4% year-over-year (YoY) drop in Apple's sales. In contrast, Huawei and Xiaomi reported significant sales increas...
Nov 24, 2023 - Davit Kirakosyan
TAL International Started With Buy Rating at Goldman Sachs
Goldman Sachs analysts started covering TAL International (NYSE:TAL) with an optimistic outlook, assigning it a Buy rating and setting a price target of $11.70. The analysts highlighted TAL's strengths as a K-12 focused company with competitive edges in educational content and technology. They noted...
Nov 24, 2023 - Davit Kirakosyan
Rosenblatt Maintains its Street High $1,100 Price Target For NVIDIA
Rosenblatt analysts reaffirmed their Buy rating for NVIDIA (NASDAQ:NVDA), maintaining their 'Street High' price target of $1,100.00 following the company's recent financial results that surpassed expectations. The analysts pointed out that NVIDIA has consistently achieved outstanding results, with ...
Nov 24, 2023 - Davit Kirakosyan
Goldman Sachs Sees Attractive Valuation For New Oriental Education
Goldman Sachs analysts began coverage of New Oriental Education (NYSE:EDU), giving it a Buy rating and setting a price target of $85.00. They noted that New Oriental is a resilient and growing force in China's education industry, consistently gaining market share. With its wide range of educational ...
Nov 22, 2023 - Davit Kirakosyan
Deere Plunges 5% on Disappointing Profit Guidance
Deere & Company's (NYSE:DE) shares experienced a 5% decline intra-day today following the announcement of less-than-expected profit estimates for 2024. Deere & Company adjusted its forecast for net income for the fiscal year 2024, estimating it to be between $7.75 billion and $8.25 billion. This pro...
Nov 22, 2023 - Davit Kirakosyan
HP Stock Up 2% Following Q3 Earnings Report
HP (NYSE:HPQ) experienced a 2% gain in its stock price intra-day today following its fourth-quarter earnings release. The company reported revenues of $13.8 billion, a 6% decrease from the previous year and slightly below the expected $13.82 billion. Its earnings per share (EPS) of $0.90 met market ...
