FMP
Jul 3, 2024 10:31 PM - Davit Kirakosyan(Last modified: Jul 4, 2024 4:25 AM)
Image credit: FMP
TD Cowen analysts reduced their price target for PepsiCo (NASDAQ:PEP) to $190 from $200, maintaining a Buy rating on the stock. The analysts highlighted PepsiCo's reputation as a long-term value creator in the consumer packaged goods (CPG) sector, citing its strong competitive advantages and effective management.
However, they noted that unexpected short-term difficulties in the U.S. salty snacks market are likely to impact the company's near-term sales outlook. Consequently, the sales estimates for 2024 and 2025 have been lowered to 3.8%. Despite this, the EPS forecast remains unchanged due to the company's ability to leverage significant productivity gains within its profit and loss (P&L) structure.
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...