Wedbush maintains Tesla (NASDAQ:TSLA) $315 price target
Wedbush analyst Daniel Ives reiterates Tesla (NASDAQ:TSLA) with a Outperform and maintains $315 price target.
Wedbush maintains Tesla (NASDAQ:TSLA) $315 price target Read Post »
Consumer Discretionary
General Motors (NYSE:GM) Stock Analyst Ratings
General Motors (NYSE:GM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/31/2024 17.65% Wedbush $40 → $45 Maintains Outperform 01/24/2024 15.03% Barclays $37 → $44 Maintains Overweight 01/24/2024 4.58% Redburn Atlantic → $40 Initiates Coverage On → Neutral 01/04/2024 — Wolfe Research Upgrades Peer Perform → Outperform 12/04/2023 148.37% Citigroup $90 → $95 Maintains Buy 12/04/2023 7.97% HSBC → $41.3 Initiates Coverage On → Buy 12/04/2023 9.8% Mizuho $38 → $42 Upgrades Neutral → Buy 12/01/2023 41.18% RBC Capital $48 → $54 Maintains Outperform 11/30/2023 4.58% Wedbush $46 → $40 Maintains Outperform 11/30/2023 -29.41% Wells Fargo $25 → $27 Maintains Underweight 11/01/2023 -3.27% Barclays → $37 Upgrades Equal-Weight → Overweight 10/27/2023 4.58% Morgan Stanley $41 → $40 Maintains Overweight 10/25/2023 -0.65% Mizuho $40 → $38 Maintains Neutral 10/25/2023 25.49% RBC Capital $47 → $48 Maintains Outperform 10/25/2023 -3.27% Barclays $42 → $37
General Motors (NYSE:GM) Stock Analyst Ratings Read Post »
General Motors(GM.US) Q4 2023 Earnings Conference
The following is a summary of the General Motors Company (GM) Q4 2023 Earnings Call Transcript: Financial Performance: GM displayed strong financial performance in 2023, with a full year EBIT-adjusted of $12.4 billion and adjusted auto-free cash flow of $11.7 billion. A robust share repurchase program was launched leading to present share count standing at less than 1.2 billion. Revenue recorded a year-on-year growth of 10%, hitting a record $172 billion, while EPS diluted adjustments stood at $7.68. Q4 revenue remained consistent year-over-year at $43 billion with $1.8 billion in EBIT adjusted, and $1.24 in EPS diluted adjusted. For 2024, GM projects an EBIT-adjusted in the $12 billion to $14 billion range and an EPS diluted adjusted in the $8.50 to $9.50 range. Business Progress: GM recorded record sales in the US in 2023 with Chevrolet Bolt EV and EUV leading sales. By implementing a shift towards electric vehicles, GM
General Motors(GM.US) Q4 2023 Earnings Conference Read Post »
Netflix Rally Pushes Bullish Analyst to the Sidelines
The run-up of Netflix’s share price in recent months has Seaport Research Partners analyst David Joyce downgrading the stock to neutral from buy. In a research note, the analyst questions where else the stock price has to go after rapidly increasing to his $576 price target. “Whether Netflix is priced for perfection or not, we wonder who is the incremental buyer, and what are they playing for?” Joyce says. The big opportunity presented by Netflix’s new ad-supported subscription tier seems already baked into the stock price and has lifted valuation parameters far above normal ranges, the analyst says. Shares slip 1.9% to $564.81.
Netflix Rally Pushes Bullish Analyst to the Sidelines Read Post »
Airbnb (NASDAQ:ABNB) Stock Analyst Ratings
Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 -0.1% Wedbush $135 → $150 Maintains Neutral 01/29/2024 -26.74% Barclays $100 → $110 Maintains Underweight 01/22/2024 -0.1% Needham → $150 Reiterates Buy → Buy 01/17/2024 -0.1% Mizuho $130 → $150 Maintains Neutral 01/09/2024 -10.76% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -33.4% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 -6.76% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 -9.42% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 6.56% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -21.41% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -18.08% Piper Sandler $142 → $123 Maintains Neutral 11/02/2023 -30.07% Morgan Stanley $110 → $105 Maintains Underweight 11/02/2023 -10.09% Wedbush $145 → $135 Maintains Neutral 11/02/2023 -0.1% Needham $160 →
Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Read Post »
McDonald’s Remains Poised for Market-Share Gains Even Amid Sales Concerns, UBS Says
McDonald’s (MCD) remains poised for market-share gains in key international markets even amid investor concern over slowing same-store sales, UBS Securities said Tuesday in a report. UBS estimates 4% Q4 same-store sales growth in the US and said investor signals indicate expectations of “in line to modestly below” the 4.5% consensus view. The investment firm said negative investor sentiment emerged on the company’s 2024 operating margin guidance and elevated valuation compared with certain peers. McDonald’s is set to release its Q4 results on Feb. 5. UBS said investor focus will be on sales trends and customer spending patterns, the company’s international development licensed markets segment and additional commentary on its 2024 operating margin guidance of mid to high 40s%. While the company is expected to face “difficult comparisons and less pricing” in 2024, UBS said McDonald’s is still poised for long-term gains beyond 2024 given its sales leverage and cost
McDonald’s Remains Poised for Market-Share Gains Even Amid Sales Concerns, UBS Says Read Post »
Tesla (NASDAQ:TSLA) Stock Analyst Ratings
Tesla (NASDAQ:TSLA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 56.46% Baird → $300 Reiterates Outperform → Outperform 01/26/2024 30.38% Deutsche Bank $260 → $250 Maintains Buy 01/26/2024 — Edward Jones Downgrades Buy → Hold 01/26/2024 -32.2% JP Morgan $135 → $130 Maintains Underweight 01/26/2024 16.82% Citigroup $255 → $224 Maintains Neutral 01/26/2024 14.74% Goldman Sachs $255 → $220 Maintains Neutral 01/25/2024 17.35% UBS $229 → $225 Maintains Neutral 01/25/2024 56.46% Baird → $300 Reiterates Outperform → Outperform 01/25/2024 64.28% Wedbush $350 → $315 Maintains Outperform 01/25/2024 40.81% Mizuho $310 → $270 Maintains Buy 01/25/2024 54.9% RBC Capital $300 → $297 Maintains Outperform 01/25/2024 0.66% Truist Securities $227 → $193 Maintains Hold 01/25/2024 17.35% Barclays $250 → $225 Maintains Equal-Weight 01/25/2024 14.74% Goldman Sachs $255 → $220 Maintains Neutral 01/25/2024 11.09% KGI Securities $309 → $213 Downgrades Outperform → Neutral 01/24/2024
Tesla (NASDAQ:TSLA) Stock Analyst Ratings Read Post »
Amazon’s Growth Ambition Threatens UPS, Fedex Prospects
Amazon remains United Parcel Service’s main customer, but the ecommerce giant continues to take market share from the delivery company, representing a threat to UPS’ foreseeable future, analysts say. UPS saw revenue coming from Amazon, its main customer, decline by 3% in 2023, and that number will keep going down, Citi analyst Christian Wetherbee tells WSJ. Amazon will continue moving packages to its own infrastructure, with competitor players such as Fedex set to be affected by it in a similar way, Evercore analyst Jonathan Chappell says. “Amazon is also chasing smaller companies and offering logistics services that don’t sell on the platform and chasing, so it’s a bigger issue,” says Neil Saunders, managing director of GlobalData. UPS shares drop 7.4% to $146.37.
Amazon’s Growth Ambition Threatens UPS, Fedex Prospects Read Post »
Starbucks 1Q North America Same-Store Sales Up 5%
Starbucks 1Q North America Same-Store Sales Up 5%。
Starbucks 1Q North America Same-Store Sales Up 5% Read Post »
Starbucks Reports Q1 Fiscal 2024 Results
Starbucks Reports Q1 Fiscal 2024 Results Q1 Consolidated Net Revenues Up 8% to a Record $9.4 Billion Q1 Comparable Store Sales Up 5% Globally; Up 5% in North America; Up 7% in International Q1 GAAP EPS Up 22% to $0.90; Non-GAAP EPS Up 20% to $0.90 as Reinvention Unlocks Continued Efficiency Q1 Active U.S. Starbucks(R) Rewards Membership Reaches 34.3 Million, Up 13% Over Prior Year Q1 U.S. Card Loads Reaches a Record $3.6 Billion; Ranking as #2 U.S. Brand in Holiday Gift Card Activations SEATTLE–(BUSINESS WIRE)–January 30, 2024– Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 31, 2023. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. Q1 Fiscal 2024 Highlights — Global comparable store
Starbucks Reports Q1 Fiscal 2024 Results Read Post »
Starbucks’ Sales Growth Slows at Cafes — WSJ
By Heather Haddon Starbucks’s coffee sales are losing some steam. The world’s largest coffee chain said over the quarter ended Dec. 31 that its global same-store sales grew by 5%, down from the previous quarter and below analysts’ expectations. The Seattle company said it generated a record $9.4 billion in sales for its fiscal first quarter, up 8% from the prior-year period but missing analysts’ expectations of $9.6 billion. Earnings were 90 cents a share when accounting for one-time items. Analysts polled by FactSet expected 93 cents a share. Investors’ concerns have grown over Starbucks’s business in recent months, particularly in the U.S. and China where the coffee giant faces increasing competition. Chief executive Laxman Narasimhan said at a December investor conference that the company’s business faced headwinds, including geopolitical conflict and slowing U.S. consumer spending. Starbucks shares were down 14% over the last 12 months as of Monday’s close.
Starbucks’ Sales Growth Slows at Cafes — WSJ Read Post »
Walmart Announces 3-for-1 Stock Split
Walmart Announces 3-for-1 Stock Split。
Walmart Announces 3-for-1 Stock Split Read Post »