FMP
Aug 16, 2023 10:14 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Citi has raised its rating for Inter & Co (NASDAQ:INTR) from Neutral to Buy and revised its price target for the stock to $5.30, up from $2.00. This adjustment comes as the digital finance platform demonstrates its commitment to achieving a stronger Return on Equity (ROE) through the strategic repricing of its credit portfolio and effective expense management.
According to Citi analysts, the second quarter results of 2023 indicate promising progress in this direction. The potential for further enhancements in Net Interest Margin (NIM) arises from new initiatives and the impact of reduced interest rates. Additionally, there's a possibility of significant improvement in the cost-of-risk aspect due to heightened restrictions on credit card origination.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...