Mizuho analyst James Lee maintains Uber Technologies (NYSE:UBER) with a Buy and raises the price target from $63 to $77.
Mizuho raises Uber Technologies (NYSE:UBER) price target from $63 to $77 Read Post »
Amazon.com (AMZN) is working on a paid version of its Alexa voice assistant, Business Insider reported Wednesday, citing internal documents and people familiar with the matter. This version, tentatively called Alexa Plus, will provide more conversational and personalized artificial intelligence technology, the report said. The company is preparing to introduce a new paid subscription plan in 2024, with the Alexa team working towards a June 30 deadline for the launch of the new version, the report said. Amazon declined Business Insider’s request for comment. Amazon did not immediately reply to MT Newswires’ request for comments.
Amazon.com Working on Paid Version of Alexa Read Post »
Mizuho analyst James Lee noted a meaningful divergence of consumer confidence levels between the U.S. and China Internet sectors in 2024. In the U.S., he expected moderated inflation and a tight labor market to keep consumer spending resilient, benefiting category leaders across segments such as advertising, e-commerce, and gig economy services that are likely to gain share and drive margin expansion. Therefore, Lee recommended investors play offense in the U.S. Internet, choosing companies with upside to estimates plus long-term optionality. His top U.S. pick is Amazon.Com Inc (NASDAQ:AMZN). The analyst maintained a Buy rating on Amazon with a price target of $220. Lee expected AWS to accelerate in FY24 and achieve the above consensus forecast as cost optimization begins unwinding and newly migrated data becomes productive. His checks indicate enterprises are planning large-scale data migrations to the cloud due to Gen-AI, and AWS will likely benefit from this supercycle of cloud adoption. Furthermore, Lee looked
Amazon Set for Significant Expansion in Cloud and Retail, Analyst Foresees 2024 Boom Read Post »
UBS Global Research analyst Joseph Spak downgraded Ford Motor Company (NYSE:F) to Neutral from Buy, maintaining the price target at $12. The analyst sees limited upside to estimates for Ford over 2024 and 2025 than prior, highlighting that there is potential for more earnings upside at U.S. peer General Motors Company (NYSE:GM). Ford’s Gen 2 EVs (clean-sheet approach) won’t launch until 2025/26, the analyst notes. However, GM has a head start on its clean-sheet Ultium platform. While GM’s Ultium has had challenges, there have also been learnings, the analyst adds. Given that many EV launches across the industry have issues, it’s not certain that F’s Gen 2 product won’t face the fate others have experienced, the analyst cautions. Although the analyst applauded CEO Farley’s vision and direction for the future of Ford, per Spak, it could take a number of years for the benefits of those plans to be realized. Ford indicated that, vs. their
Ford Motor Downgraded – Analyst Says Its Gen 2 EV Lags Compared To General Motors Read Post »
By Emily Bary Wells Fargo automotive analyst says Tesla ‘screens the most at risk’ this earnings season, and he sees various challenges for the year ahead Tesla Inc. is about to offer investors some hints of what’s to come, and one analyst thinks Wall Street should brace for “growing pains.” Wells Fargo analyst Colin Langan expects about 13% growth in Tesla (TSLA) deliveries next year, below the company’s 50% long-term target. The year already hasn’t gotten off to a great start for the electric-vehicle company, which has cut prices in China and paused production in Germany. “There are also macroeconomic headwinds around elevated interest rates& flattening EV adoption,” Langan wrote in a Tuesday note to clients. “Additionally, there are signs of moderating growth in all three key regions.” Tesla is expected to share more about the landscape, and its outlook for the year, when it reports earnings next Wednesday afternoon.
Tesla Could Be Staring Down a Year of ‘Growing Pains,’ Analyst Cautions Read Post »
Tesla (TSLA) has lowered prices of its Model Y cars in Germany, according to media reports on Wednesday. Prices of Model Y Long Range and Model Y Performance were slashed by 5,000 euros to 49,990 euros ($54,309) and 55,990 euros, respectively, the reports said. Model Y rear-wheel drive models were also reduced by 1,900 euros to 42,990 euros. The cuts came a week after the EV made similar cuts to Model 3 and Model Y vehicles last week. Tesla did not immediately respond to MT Newswires’ request for comment. Tesla reportedly posted a 9% decline in new registrations to 63,685 vehicles in Germany last year, Reuters reported, citing German government figures. The US EV maker lost its rank as top EV seller Germany to Volkswagen, which now has a market share of nearly 14% against Tesla’s 12%. Shares of the company were down 2.2% in recent premarket activity.
Tesla Cuts Model Y Prices in Germany Read Post »
By Evie Liu Sales of fast food are a relative sweet spot for a restaurant industry struggling with inflation, so companies are trying to cash in. Companies from Restaurant Brands to McDonald’s and Domino’s Pizza have laid out aggressive growth plans they hope will bring a larger share of a bigger market. Sales at fast-food chains are rising far faster than those of so-called casual restaurants as rising prices send people toward cheaper options. Restaurants Brands, the owner of Burger King, is the latest to detail a hefty investment. It said Tuesday it would purchase its largest U.S. franchisee, Carrols Restaurant Group, in an effort to quickly upgrade its stores as part of a broader turnaround plan to boost Burger King’s sales growth and profitability. The company said in 2022 that it would spend $400 million on advertising, remodeling, and technology. Now it is spending another $1 billion on Carrols,
McDonald’s and Its Rivals Have Big Plans. Inflation Is Bringing Growth. — Barrons.com Read Post »
Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/17/2024 13.13% Keybanc $525 → $545 Maintains Overweight 01/12/2024 24.55% Oppenheimer $475 → $600 Maintains Outperform 01/09/2024 3.79% Goldman Sachs $400 → $500 Maintains Neutral 01/09/2024 17.49% BMO Capital → $566 Initiates Coverage On → Outperform 01/09/2024 3.79% Citigroup → $500 Downgrades Buy → Neutral 12/28/2023 8.98% Keybanc $510 → $525 Maintains Overweight 12/22/2023 2.75% DZ Bank → $495 Downgrades Buy → Hold 12/21/2023 8.98% Wedbush → $525 Reiterates Outperform → Outperform 12/18/2023 14.17% Morgan Stanley $475 → $550 Maintains Overweight 10/19/2023 -1.4% Morgan Stanley $430 → $475 Upgrades Equal-Weight → Overweight 10/19/2023 -0.36% JP Morgan $455 → $480 Maintains Overweight 10/19/2023 -4.51% Guggenheim → $460 Reiterates Buy → Buy 10/19/2023 8.98% Wedbush → $525 Reiterates Outperform → Outperform 10/19/2023 -3.48% Truist Securities $430 → $465 Upgrades Hold → Buy
Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings Read Post »
Keybanc analyst Justin Patterson maintains Netflix (NASDAQ:NFLX) with a Overweight and raises the price target from $525 to $545.
Keybanc raises Netflix (NASDAQ:NFLX) price target from $525 to $545 Read Post »
A bullish analyst on Wednesday reaffirmed his positive stance on Netflix, Inc. (NASDAQ:NFLX) ahead of its fourth-quarter results due Tuesday. The Netflix Analyst: KeyBanc Capital Markets analyst Justin Patterson maintained an Overweight rating on the stock and upped the price target from $525 to $545, suggesting roughly 13% upside potential. The Netflix Thesis: For the fourth quarter, Patterson models revenue of $8.74 billion, an 11% year-over-year growth, and earnings per share of $2.22, a cent ahead of the consensus estimate. The analyst also called for a net paid subscriber addition of 9.6 million compared to the 8.7 million consensus estimate. Looking ahead, Netflix will likely guide to at least $9.1 billion in first-quarter revenue and net adds above the year-ago level, Patterson said. “We view net adds as the key driver of the quarter, and expect Netflix will stick to qualitative commentary framing net adds vs. the prior year,” he said. While seeing the potential for
By Brian Swint and Al Root Tesla lowered prices for its Model Y electric vehicles in Germany a week after it made similar reductions in China. That isn’t good news for the stock. Tesla cut the price of its Model Y Long Range and Model Y Performance by EUR5,000 (or about $5,400) on its website. That’s more than 8% lower than it was last week. The cheaper Model Y rear-wheel drive version got a discount of 4%. Model Y and Model 3 prices this past week were reduced between 3% and 6% in China. The base version of the Model Y crossover vehicle in China now starts at about $36,000, down from about $37.000. The base Model 3 starts at about $34,500, down from $36,500. Shares dropped 3.7% after the Chinese price cuts. Telsa stock was down 1.5% in premarket trading Wednesday while S&P 500 and Nasdaq Composite futures were
Chipotle Mexican Grill, Inc. (NYSE: CMG) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -2.29% Piper Sandler $1930 → $2226 Maintains Neutral 01/05/2024 10.84% Oppenheimer $2225 → $2525 Maintains Outperform 01/04/2024 7.55% Stifel $2100 → $2450 Maintains Buy 01/03/2024 -1.41% Barclays $1885 → $2246 Maintains Equal-Weight 01/02/2024 22.91% Stephens & Co. $2330 → $2800 Maintains Overweight 12/21/2023 5.35% Wedbush → $2400 Downgrades Outperform → Neutral 12/07/2023 7.55% Raymond James $2100 → $2450 Maintains Outperform 12/01/2023 6.45% RBC Capital $2185 → $2425 Maintains Outperform 10/27/2023 -3.43% TD Cowen → $2200 Reiterates Outperform → Outperform 10/27/2023 -9.13% Morgan Stanley $2010 → $2070 Maintains Equal-Weight 10/27/2023 2.28% Stephens & Co. → $2330 Reiterates Overweight → Overweight 10/27/2023 -1.23% Keybanc $2200 → $2250 Maintains Overweight 10/24/2023 0.08% Truist Securities → $2280 Reiterates Buy → Buy 10/23/2023 -18.13% Barclays $1950 → $1865 Maintains Equal-Weight 10/20/2023 -3.43%
Chipotle Mexican Grill, Inc. (NYSE: CMG) Stock Analyst Ratings Read Post »