Wells Fargo analyst Ike Boruchow maintains Ross Stores (NASDAQ:ROST) with a Overweight and raises the price target from $140 to $150.
Wells Fargo raises Ross Stores (NASDAQ:ROST) price target from $140 to $150 Read Post »
Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/22/2023 1.33% DZ Bank → $495 Downgrades Buy → Hold 12/21/2023 7.47% Wedbush → $525 Reiterates Outperform → Outperform 12/18/2023 12.59% Morgan Stanley $475 → $550 Maintains Overweight 10/19/2023 -2.76% Morgan Stanley $430 → $475 Upgrades Equal-Weight → Overweight 10/19/2023 -1.74% JP Morgan $455 → $480 Maintains Overweight 10/19/2023 -5.83% Guggenheim → $460 Reiterates Buy → Buy 10/19/2023 7.47% Wedbush → $525 Reiterates Outperform → Outperform 10/19/2023 -4.81% Truist Securities $430 → $465 Upgrades Hold → Buy 10/19/2023 -2.76% Oppenheimer $470 → $475 Maintains Outperform 10/19/2023 -17.3% Rosenblatt $400 → $404 Maintains Neutral 10/19/2023 4.4% Keybanc → $510 Upgrades Sector Weight → Overweight 10/17/2023 -11.97% Truist Securities $485 → $430 Maintains Hold 10/16/2023 -33.47% Benchmark → $325 Reiterates Sell → Sell 10/13/2023 — Wolfe Research Downgrades Outperform → Peer Perform
Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings Read Post »
Nike (NYSE:NKE) Analyst Ratings Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/22/2023 18.08% Deutsche Bank $132 → $128 Maintains Buy 12/19/2023 19.93% Raymond James $121 → $130 Maintains Outperform 12/15/2023 29.15% Telsey Advisory Group $128 → $140 Maintains Outperform 12/12/2023 19.93% DZ Bank → $130 Upgrades Hold → Buy 12/11/2023 24.54% Citigroup $100 → $135 Upgrades Neutral → Buy 12/05/2023 28.23% Goldman Sachs → $139 Assumes → Buy 11/17/2023 -0.37% Truist Securities → $108 Initiates Coverage On → Hold 11/07/2023 14.39% Evercore ISI Group → $124 Initiates Coverage On → Outperform 10/06/2023 4.24% RBC Capital → $113 Reiterates Outperform → Outperform 09/29/2023 -15.13% Williams Trading $91 → $92 Upgrades Sell → Hold 09/29/2023 1.48% BMO Capital $120 → $110 Maintains Outperform 09/29/2023 16.24% Morgan Stanley $126 → $126 Reiterates Overweight → Overweight 09/29/2023 10.7% TD Cowen $117 → $120 Maintains Outperform 09/29/2023
Nike (NYSE:NKE) Analyst Ratings Analyst Ratings Read Post »
Tesla (NASDAQ:TSLA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/22/2023 37.08% Wedbush $310 → $350 Maintains Outperform 12/18/2023 17.5% RBC Capital $301 → $300 Maintains Outperform 12/15/2023 -48.3% Guggenheim $125 → $132 Maintains Sell 12/14/2023 1.83% Deutsche Bank $275 → $260 Maintains Buy 12/01/2023 -7.96% Goldman Sachs $235 → $235 Maintains Neutral 12/01/2023 21.42% Wedbush → $310 Reiterates Outperform → Outperform 11/30/2023 48.83% Morgan Stanley $380 → $380 Maintains Overweight 11/30/2023 -11.48% Truist Securities $226 → $226 Maintains Hold 11/28/2023 21.42% Wedbush → $310 Reiterates Outperform → Outperform 11/20/2023 -17.75% Jefferies $250 → $210 Maintains Hold 11/19/2023 15.54% Piper Sandler $290 → $295 Maintains Overweight 11/14/2023 48.83% Morgan Stanley $380 → $380 Maintains Overweight 11/14/2023 -7.96% Goldman Sachs $235 → $235 Maintains Neutral 11/09/2023 -42.82% HSBC → $146 Initiates Coverage On → Reduce 10/19/2023 -47.13% JP Morgan $135 → $135 Maintains
Tesla (NASDAQ:TSLA) Stock Analyst Ratings Read Post »
By Tomi Kilgore Wedbush’s Dan Ives boosts price target on Tesla’s stock to $350, sees further EV share gains Tesla Inc. is poised to join the trillion-dollar club next year, defying growing Wall Street skepticism regarding electric vehicle demand, according to Wedbush analyst Dan Ives. The longtime bull on Tesla TSLA said the bear case on the company was that demand was eroding at a time when competition around the world was increasing. “Instead, Musk made a poker move for the ages and cut prices globally with China front and center to catalyze volumes/units which should now impressively be in the 1.8 million range for 2023,” the prolific analyst wrote in a note to clients. Ives reiterated the outperform rating he’s had on the stock for years, raising his 12-month price target to $350 from $310. The new target implies a market capitalization of $1.11 trillion at current share counts.
Tesla’s Stock Can Rise to $1 Trillion Market Value in 2024, Analyst Says Read Post »
Nike (NKE) said Thursday it now expects full fiscal year revenue to be up 1%, cutting its previous guidance of mid-single-digit percentage growth as it cites a slowdown in demand and a highly promotional environment. The company said it plans to save $2 billion in costs over the next three years by simplifying its product assortment, streamlining supply chains and reducing management layers, among other initiatives. Nike posted fiscal Q2 adjusted diluted EPS of $1.03 on revenue of $13.39 billion, higher than $0.85 on $13.32 billion a year earlier. Analysts polled by Capital IQ had expected $0.85 on $13.43 billion. However, Nike Chief Financial Officer Matthew Friend said in an earnings call that the company is “seeing indications of more cautious consumer behavior around the world in an uneven macro environment.” Nike shares fell 12.2% in recent Friday premarket activity. Price: 106.92, Change: -15.61, Percent Change: -12.74
Nike Cuts Full-Year Revenue Outlook Amid Lower Demand; Shares Down 12% Pre-Bell Read Post »
Chipotle Mexican Grill, Inc. (NYSE: CMG) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/21/2023 3.63% Wedbush → $2400 Downgrades Outperform → Neutral 12/07/2023 5.79% Raymond James $2100 → $2450 Maintains Outperform 12/01/2023 4.71% RBC Capital $2185 → $2425 Maintains Outperform 10/27/2023 -5.01% TD Cowen → $2200 Reiterates Outperform → Outperform 10/27/2023 -10.62% Morgan Stanley $2010 → $2070 Maintains Equal-Weight 10/27/2023 0.6% Stephens & Co. → $2330 Reiterates Overweight → Overweight 10/27/2023 -2.85% Keybanc $2200 → $2250 Maintains Overweight 10/24/2023 -1.55% Truist Securities → $2280 Reiterates Buy → Buy 10/23/2023 -19.47% Barclays $1950 → $1865 Maintains Equal-Weight 10/20/2023 -5.01% Wedbush → $2200 Reiterates Outperform → Outperform 10/19/2023 2.55% Deutsche Bank → $2375 Initiates Coverage On → Buy 10/18/2023 -9.33% Raymond James $2300 → $2100 Maintains Outperform 10/11/2023 0.6% Stephens & Co. $2400 → $2330 Maintains Overweight 10/11/2023 -2.42% Citigroup $2391 → $2260
Chipotle Mexican Grill, Inc. (NYSE: CMG) stock Analyst Ratings Read Post »
Nike Posts Q2 EPS of $1.03 on Revenue of $13.4 Billion, Vs CIQ Analyst Consensus of $0.85/Share on Revenue of $13.4 Billion.
Nike: See Pre-tax Restructuring Charges of About $400M to $450M, Primarily Associated With Employee Severance Costs.
Nike: As We Look Ahead to a Softer 2H Rev Outlook, We Remain Focused on Strong Gross Margin Execution and Disciplined Cost Management.
Nike: As We Look Ahead to a Softer 2H Rev Outlook Read Post »
NIKE, Inc. Reports Fiscal 2024 Second Quarter Results BEAVERTON, Ore.—-December 21, 2023– NIKE, Inc. (NYSE:NKE) today reported fiscal 2024 financial results for its second quarter ended November 30, 2023. — Second quarter revenues were $13.4 billion, up 1 percent on a reported basis compared to the prior year and down 1 percent on a currency-neutral basis* — NIKE Direct revenues were $5.7 billion, up 6 percent on a reported basis and up 4 percent on a currency-neutral basis — NIKE Brand Digital sales increased 4 percent on a reported basis and 1 percent on a currency-neutral basis — Wholesale revenues were $7.1 billion, down 2 percent on a reported basis and down 3 percent on a currency-neutral basis — Gross margin increased 170 basis points to 44.6 percent — Diluted earnings per share was $1.03 for the second quarter, up 21 percent — NIKE, Inc. is announcing an enterprise initiative
NIKE, Inc. Reports Fiscal 2024 Second Quarter Results Read Post »
Nike (NKE) late Thursday reported a surprise gain in fiscal second-quarter earnings even as its revenue fell short of Wall Street’s estimates, while the athletic footwear and apparel maker outlined plans to cut costs by up to $2 billion over the next three years. Earnings rose to $1.03 per share during the three months ended Nov. 30 from the year-ago period’s $0.85, which was the Capital IQ-polled consensus for the most recent period. Revenue edged 1% higher to $13.39 billion but lagged the Street’s $13.43 billion view. The stock fell 5.5% in after-hours trading activity. Revenue for the Nike brand added 1% year over year to $12.87 billion, driven by gains in footwear and equipment. North American sales slipped 4%, while Europe, the Middle East and Africa reported a 2% rise. The company said its cost-savings initiatives will likely include simplifying its product assortment, increasing automation, streamlining the organization, and
Nike Reports Mixed Fiscal Second-Quarter Results, Plans Up To $2 Billion in Cost Cuts Read Post »