FMP
Jun 10, 2024 5:12 PM - Davit Kirakosyan
Image credit: FMP
Krispy Kreme (NASDAQ:DNUT) shares surged more than 6% intra-day today after Truist Securities analyst upgraded the company to Buy from Hold, raising their price target to $15 from $13. Following recent meetings with the company's CEO and CFO, the analysts believe many investors either undervalue or misunderstand Krispy Kreme's potential. The market is not fully recognizing the value of Krispy Kreme's new partnership with McDonald's, which is expected to accelerate revenue growth for its legacy business in the coming quarters, even before the full rollout with McDonald's is complete.
Additionally, the analysts believe that any concerns related to GLP-1 are already reflected in the current stock price. They are confident these factors position Krispy Kreme for significant growth and increased investor value.
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...