FMP
Jun 17, 2024 3:23 PM - Davit Kirakosyan
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Loop Capital analysts reduced their price target for Restoration Hardware (NYSE:RH) stock to $230 from $350, while maintaining their Hold rating. The analysts noted that RH's first-quarter 2024 results released last week were worse than anticipated, with a per-share loss significantly exceeding consensus forecasts. Although management reaffirmed its fiscal 2024 guidance, the second-quarter projections fell short of expectations, highlighting a disconnect given the first-quarter miss and management's more pessimistic macroeconomic outlook.
Despite being encouraged by RH's recent and upcoming product innovations, the analysts believe these efforts won't be sufficient to counteract the prevailing macroeconomic challenges. As a result, they lowered the price target to reflect a more uncertain near-term outlook.
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...