Consumer Discretionary

Netflix (NASDAQ:NFLX) stock Analyst Ratings

/ / Consumer Discretionary /

Netflix (NASDAQ:NFLX) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 11.86% Morgan Stanley $475 → $550 Maintains Overweight 10/19/2023 -3.4% Morgan Stanley $430 → $475 Upgrades Equal-Weight → Overweight 10/19/2023 -2.38% JP Morgan $455 → $480 Maintains Overweight 10/19/2023 -6.45% Guggenheim → $460 Reiterates Buy → Buy 10/19/2023 6.77% Wedbush → $525 Reiterates Outperform → Outperform 10/19/2023 -5.43% Truist Securities $430 → $465 Upgrades Hold → Buy 10/19/2023 -3.4% Oppenheimer $470 → $475 Maintains Outperform 10/19/2023 -17.84% Rosenblatt $400 → $404 Maintains Neutral 10/19/2023 3.72% Keybanc → $510 Upgrades Sector Weight → Overweight 10/17/2023 -12.55% Truist Securities $485 → $430 Maintains Hold 10/16/2023 -33.9% Benchmark → $325 Reiterates Sell → Sell 10/13/2023 — Wolfe Research Downgrades Outperform → Peer Perform 10/11/2023 -18.65% Piper Sandler $440 → $400 Maintains Neutral 10/11/2023 -12.55% Morgan Stanley $450 → $430 Maintains Equal-Weight 10/09/2023 -20.68% Goldman […]

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CFRA Keeps Buy Opinion On Shares Of Chipotle Mexican Grill, Inc.

/ / Consumer Discretionary /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target price to $2,630 from $2,110, 49.6x our 2024 EPS, a discount to CMG’s five-year average forward P/E of 63.6x. We keep our 2023 EPS estimate at $44.58 but raise our 2024 EPS estimate to $52.99 (from $52.69). Despite CMG shares rallying by an impressive 20% since its Q3 earnings call, we are still confident in the potential for further upside in 2024. While we expect some ongoing inflation pressures, particularly from food costs (primarily beef) and labor, we maintain a positive outlook given the anticipated impact of lower interest rates on CMG’s core operations, coupled with its robust growth prospects relative to peers. Moreover, we think CMG remains strategically well positioned to capitalize on its higher menu prices and drive sales growth

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Morgan Stanley’s Adam Jonas Downplays Impact Of Tesla’s 2M Vehicle Recall, But Flags Delay In FSD V12 And Departure Of Key AI Executives

/ / Consumer Discretionary /

Morgan Stanley analyst and Tesla Inc (NASDAQ:TSLA) bull Adam Jonas on Thursday offered his two cents on the EV maker’s recent recall of over 2 million vehicles. What Happened: Early on Wednesday, Tesla issued a recall for over 2 million vehicles equipped with all versions of Autosteer, an autopilot feature, citing insufficient controls to prevent misuse, and offered a free software update. Jonas does not deem the recall to have a cost impact on Tesla in the upcoming year as it involves merely a software upgrade for the ‘fix’ to be deployed. Tesla’s Self-Driving Dreams: Citing his own experience as an autopilot user for over 3 years and Tesla’s Full Self-Driving (FSD) capability for over a year, Jonas said that FSD presently has greater value as a convenience feature than a safety feature. The most important aspect of it is knowing when to use it and when not to, Jonas said. While Tesla would have its own

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Shoppers Dip Toes Back Into Discretionary Spending – Analysis

/ / Consumer Discretionary /

Discretionary spending is inching back just in time for the holidays. That’s one readout from analysts after spending data and quarterly results from Costco Wholesale this week showed shoppers still have an appetite to splurge on items beyond everyday groceries and essentials. The data comes after retailers, analysts and economists had cautioned in recent weeks that waning pandemic savings, higher interest rates and even the resumption of federal student loan payments could dampen demand for discretionary goods. Sales at electronics and appliance stores surged 12% year on year in November, according to the Commerce Department. That’s up from 1.5% in October after seven consecutive months of lower year-on-year sales. Other discretionary categories showed an acceleration from the previous months. Furniture and home furnishings stores posted a 7.3% decline in November, compared with a 12% slide the previous month. Sporting goods, hobby, book and music store sales, meanwhile, logged a 0.2%

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Chewy’s Analyst Day Insights: Needham Highlights Potential Growth Amid Amazon Competition

/ / Consumer Discretionary /

On Thursday, Chewy Inc (NASDAQ:CHWY) held its Investor Day. The company sees FY24 sales growth to be below the long-term target of a high single-digit percentage. The company sees a long-term adjusted EBITDA margin of 10% and expects to deliver margin accretion in FY24, irrespective of the macro environment. Needham Analyst Anna Andreeva notes that Chewy has focused on only half of the Health TAM ($4 billion insurance and $18 billion products). She writes that over 20% of active customers purchased from Chewy pharmacy, and as pharmacy TAM shifts online, Chewy should benefit across the P&L. From a potential pool of 50 million new customers, 18% (12 million) represent high-value prospects, while 62% (41 million) fall into the mid-value category. Also Read: Federal Violations – Chewy Among Companies Selling Unapproved Animal Drugs. Needham reiterates the Buy rating with a price target of $25, up from $20. As the pet industry increasingly transitions to online

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Costco Shares On Pace For All-Time High After 1Q Sales Hold Up

/ / Consumer Discretionary /

Shares of Costco Wholesale are on pace for their fifth all-time high close in just more than a week after the company’s discretionary sales ticked up in the recently completed first quarter. The stock was up 4.4% to $658.46 in midday trading, reaching an all-time intraday high and notching its largest percent increase since January. Shares are up 44% this year. Costco shares are on pace to reach a fifth record close since Dec. 7. The big-box retailer on Thursday said it logged a higher profit in the period ended Nov. 26, as sales rose in line with analysts’ expectations. Same-store sales, which strip out store openings and closures, rose 3.8%, consistent with the prior quarter. Costco’s e-commerce sales rose in the quarter, bucking a trend of sliding sales. The company saw improvements in its bigger-ticket non-food items, also a reversal from previous results where Costco saw weakness in discretionary

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Trending: Costco Price Target Bumped Up by Analysts

/ / Consumer Discretionary /

Costco Wholesale is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Several analysts have raised their price target on Costco shares a day after the company reported first-quarter sales rose 6.1% from the year-ago period. The company also said it would pay a special dividend of $15 per share. Among the analysts raising their price targets were DA Davidson, which increased its target to $600 a share from $570, and BMO Capital, which pushed its target up to $700 a share from $612, as reported by Benzinga. Dow Jones & Co. owns Factiva.

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Uber Technologies, Inc. (NYSE:UBER) Analyst Ratings

/ / Consumer Discretionary /

Uber Technologies, Inc. (NYSE:UBER) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 11/30/2023 27.59% Tigress Financial $66 → $72 Maintains Buy 11/13/2023 9.87% JMP Securities $57 → $62 Maintains Market Outperform 11/08/2023 9.87% Morgan Stanley $60 → $62 Maintains Overweight 11/08/2023 9.87% Roth MKM $61 → $62 Maintains Buy 11/08/2023 9.87% JP Morgan $56 → $62 Maintains Overweight 11/08/2023 2.78% Truist Securities $60 → $58 Maintains Buy 11/08/2023 13.41% Wells Fargo $59 → $64 Maintains Overweight 11/08/2023 8.1% Keybanc $60 → $61 Maintains Overweight 11/03/2023 6.33% Keybanc → $60 Upgrades Sector Weight → Overweight 10/24/2023 -9.62% Seaport Global → $51 Initiates Coverage On → Buy 09/27/2023 6.33% Needham → $60 Reiterates Buy → Buy 09/05/2023 2.78% RBC Capital → $58 Reiterates Outperform → Outperform 08/17/2023 4.55% Wells Fargo $53 → $59 Maintains Overweight 08/14/2023 2.78% Loop Capital $48 → $58 Maintains Buy 08/02/2023

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Marriott (NASDAQ:MAR) Analyst Ratings

/ / Consumer Discretionary /

Marriott (NASDAQ:MAR) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/05/2023 7.97% Wells Fargo → $220 Initiates Coverage On → Equal-Weight 10/23/2023 14.35% HSBC → $233 Initiates Coverage On → Buy 10/16/2023 13.86% Morgan Stanley $225 → $232 Maintains Overweight 09/21/2023 8.46% Truist Securities → $221 Reiterates Hold → Hold 09/21/2023 10.42% B of A Securities $215 → $225 Maintains Buy 09/12/2023 5.52% TD Cowen $185 → $215 Maintains Outperform 08/31/2023 10.42% Citigroup $175 → $225 Maintains Neutral 08/14/2023 6.99% Bernstein $204 → $218 Downgrades Outperform → Market Perform 08/07/2023 8.95% Wells Fargo $212 → $222 Maintains Overweight 08/02/2023 8.46% Truist Securities $213 → $221 Maintains Hold 08/02/2023 13.86% Argus Research $208 → $232 Maintains Buy 08/02/2023 10.42% Morgan Stanley $208 → $225 Maintains Overweight 08/02/2023 3.06% BMO Capital $192 → $210 Maintains Market Perform 08/02/2023 7.97% Baird $198 → $220 Maintains Neutral

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Tesla (NASDAQ:TSLA) Analyst Ratings

/ / Consumer Discretionary /

Tesla (NASDAQ:TSLA) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/15/2023 -47.71% Guggenheim $125 → $132 Maintains Sell 12/14/2023 3% Deutsche Bank $275 → $260 Maintains Buy 12/01/2023 22.81% Wedbush → $310 Reiterates Outperform → Outperform 11/28/2023 22.81% Wedbush → $310 Reiterates Outperform → Outperform 11/20/2023 -16.8% Jefferies $250 → $210 Maintains Hold 11/09/2023 -42.16% HSBC → $146 Initiates Coverage On → Reduce 10/19/2023 -50.48% Guggenheim → $125 Reiterates Sell → Sell 10/19/2023 -66.33% Roth MKM → $85 Reiterates Neutral → Neutral 10/19/2023 1.02% Citigroup $271 → $255 Maintains Neutral 10/19/2023 22.81% Wedbush $350 → $310 Maintains Outperform 10/19/2023 50.55% Morgan Stanley $400 → $380 Maintains Overweight 10/19/2023 -0.96% Wells Fargo $260 → $250 Maintains Equal-Weight 10/16/2023 14.89% Piper Sandler $300 → $290 Maintains Overweight 10/16/2023 38.66% Wedbush → $350 Reiterates Outperform → Outperform 10/11/2023 7.36% Citigroup $278 → $271 Maintains Neutral 10/10/2023

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