FMP
Jun 14, 2024 1:43 PM - Davit Kirakosyan
Image credit: FMP
Truist Securities analysts raised their price target for Belden (NYSE:BDC) to $119 from $101, while maintaining a Buy rating on the stock. The analysts noted that Belden's solution selling approach is effectively maintaining revenue and margin performance despite a challenging market environment.
After hosting investor meetings with Belden's CEO and Investor Relations team, the analysts highlighted several key points: the solution selling strategy is proving effective, the Precision Optical acquisition is expected to close by the end of Q2 and will enhance opportunities in the Broadband market, and Belden has the necessary capital and operational capability to pursue further acquisitions. There were no changes to the EPS estimates.
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...