RBC Capital analyst Daniel Perlin reiterates Accenture (NYSE:ACN) with a Outperform and maintains $374 price target.
RBC Capital maintains Accenture (NYSE:ACN) $374 price target Read Post »
Applied Materials, Inc. (Nasdaq: AMAT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 16.62% Goldman Sachs $156 → $220 Maintains Buy 02/16/2024 19.27% Mizuho $185 → $225 Maintains Buy 02/16/2024 -1.93% UBS $180 → $185 Maintains Neutral 02/16/2024 16.62% Goldman Sachs $156 → $220 Maintains Buy 02/16/2024 11.85% Citigroup $170 → $211 Maintains Buy 02/16/2024 32.52% B. Riley Securities $220 → $250 Reiterates Buy → Buy 02/16/2024 19.27% Raymond James $180 → $225 Maintains Outperform 02/16/2024 21.92% Stifel $175 → $230 Maintains Buy 02/16/2024 -15.19% Susquehanna $138 → $160 Maintains Neutral 02/16/2024 27.22% Needham $180 → $240 Maintains Buy 02/12/2024 0.72% Morgan Stanley $142 → $190 Maintains Equal-Weight 02/12/2024 -4.59% Cantor Fitzgerald → $180 Reiterates Neutral → Neutral 02/12/2024 16.62% B. Riley Securities $175 → $220 Maintains Buy 01/23/2024 -4.59% Cantor Fitzgerald → $180 Initiates Coverage On → Neutral 01/19/2024 -4.59%
Applied Materials, Inc. (Nasdaq: AMAT) Stock Analyst Ratings Read Post »
DoorDash (NASDAQ:DASH) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 9.69% Goldman Sachs $109 → $122 Maintains Neutral 02/20/2024 21.38% Susquehanna $110 → $135 Maintains Positive 02/16/2024 -10.09% Wells Fargo $105 → $100 Maintains Equal-Weight 02/16/2024 36.67% Mizuho $140 → $152 Maintains Buy 02/16/2024 16.89% JMP Securities → $130 Reiterates Market Outperform → Market Outperform 02/16/2024 6.1% UBS $123 → $118 Maintains Neutral 02/16/2024 9.69% Goldman Sachs $109 → $122 Maintains Neutral 02/16/2024 16.89% RBC Capital $105 → $130 Maintains Sector Perform 02/16/2024 24.08% BMO Capital $120 → $138 Maintains Outperform 02/16/2024 3.4% Wedbush $92 → $115 Maintains Neutral 02/16/2024 25.88% Oppenheimer $110 → $140 Maintains Outperform 02/16/2024 25.88% Truist Securities $130 → $140 Maintains Buy 02/06/2024 16.89% JMP Securities $113 → $130 Maintains Market Outperform 02/06/2024 19.58% Needham → $133 Reiterates Buy → Buy 01/19/2024 -2% Roth MKM $92 →
DoorDash (NASDAQ:DASH) Stock Analyst Ratings Read Post »
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 to $195 from $182, 27x our FY 25 (Jan.) EPS of $7.23 (down from $7.28; FY 26 initiated at $7.79) vs. the 24x historical average. F4Q (Jan-Q) adj-EPS of $1.80 (+5% Y/Y) smashed the $1.65 consensus. Walmart U.S. comp sales grew a solid 4.0% (+4.3% transactions; -0.3% average ticket), as consumers are shopping more frequently, but spending less per trip. Operating margins grew 30 bps Y/Y to 4.2%, as strong sales and good inventory management led to lower markdowns (Walmart U.S. inventory down 4.5% Y/Y). The outlook was a little cautious, but WMT tends to bake in some conservatism to start the year. Walmart agreed to acquire Vizio for $2.3B, which should help accelerate growth in its burgeoning global ads business (valued
CFRA Keeps Buy Opinion On Shares Of Walmart Inc. (NYSE:WMT) Read Post »
Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 -11.63% RBC Capital $35 → $36 Maintains Sector Perform 01/31/2024 8% Barclays → $44 Downgrades Overweight → Equal-Weight 01/30/2024 15.37% Citigroup $45 → $47 Maintains Buy 01/26/2024 8% Barclays $42 → $44 Maintains Overweight 01/25/2024 22.73% Tigress Financial $45 → $50 Maintains Buy 01/24/2024 5.55% UBS $37 → $43 Maintains Neutral 01/24/2024 8% Wells Fargo $40 → $44 Maintains Equal-Weight 01/24/2024 12.91% Raymond James $42 → $46 Maintains Outperform 01/24/2024 15.37% Daiwa Capital → $47 Upgrades Neutral → Outperform 01/24/2024 12.91% Keybanc $45 → $46 Maintains Overweight 01/04/2024 12.91% Wolfe Research → $46 Upgrades Peer Perform → Outperform 01/03/2024 10.46% Keybanc → $45 Upgrades Sector Weight → Overweight 12/19/2023 5.55% Oppenheimer → $43 Reiterates Outperform → Outperform 12/14/2023 3.09% Citigroup $40 → $42 Maintains Buy 12/13/2023 -1.82% Wells
Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings Read Post »
-5.65% Nvidia (NVDA) has seen its buy rating reiterated by BofA Securities ahead of Wednesday’s results but the investment firm also said that the chipmaker’s recent stock price surge may create a near-term pullback. “We reiterate Buy/top pick ahead of NVDA Feb-21 earnings but won’t be surprised to see a notable but brief pullback after the recent parabolic run-up in the stock,” the note said. BofA said, however, that a pullback could be “short-lived” due to updates expected at the upcoming GPU Tech Conference tradeshow, scheduled for March 18 to 21, as well as Nvidia’s “compelling valuation.” “Expectations have been steadily moving up, with some bullish buy-side estimates for NVDA F4Q/1Q report/guided sales at $21.7bn/$23bn or 9%/7% above consensus, leaving less room for upside surprises,” Bofa said. “However, in our view, any potential mismatch versus bullish expectations is likely supply (memory, packaging) rather than demand or competition related.” Nvidia’s “stock
Nvidia Still Top Pick, But Recent Stock Surge May Create Pullback, BofA Says Read Post »
Domino’s Pizza Group has potential for higher growth as store expansion and volumes are likely to accelerate, Jefferies analysts say in a note after upgrading the stock recommendation to buy. The pizza chain is estimated to increase its yearly store opening to around 70 stores, representing a 5% growth, and could open around 100 new stores in FY 2026, they say. Volume growth is also expected to step up, but the group is likely to keep pricing premium given its greater distribution capabilities and brand presence compared to peers, the analysts add. Jefferies also forecasts returns to shareholders of GBP80 million in FY 2024. Shares are up 4.2% and up 16% on a 12-month basis.
Domino’s Pizza’s (NYSE:DPZ) Store Expansion, Volume Growth Prompts Upgrades Read Post »
NVIDIA Corp (NASDAQ:NVDA) could be in for a significant pullback following its upcoming earnings report, according to a Bank of America analyst. What Happened: Bank of America’s Vivek Arya, a research analyst, has highlighted the possibility of a substantial decline in Nvidia’s stock value, reported Business Insider. Arya’s analysis suggests that the chipmaker’s stock could face an 11% implied post-earnings move, based on bullish buy-side estimates for Nvidia’s Q4 earnings, which are 9% above consensus. Arya, however, believes that any potential decline would be temporary, driven by supply-side issues rather than shifts in demand and competition. He also expects the stock’s volatility to settle after Nvidia’s GPU Tech Conference in mid-March.
PepsiCo, Inc.(NASDAQ:PEP) shares are trading lower on Friday in the premarket session following the fourth quarter and full-year 2023 results. The company reported fourth-quarter FY23 sales of $27.85 billion, missing the analyst consensus estimate of $28.40 billion. Sales declined 0.5% on a year-over-year basis. Operating profits at Quaker Foods North America and PepsiCo Beverages North America fell 79% and 27%, respectively, weighing on quarterly performance. The company reported adjusted EPS of $1.78 in the fourth quarter, beating the street view of $1.72. “Moving forward, we will further sharpen our focus on providing consumers great-tasting products that offer convenience and compelling value,” said Chairman and CEO Ramon Laguarta. Gross profit increased 1.2% year over year to $14.75 billion, while operating profit almost doubled on year to $1.68 billion. “We will also aggressively manage our costs to accelerate productivity, and invest more in our brands, innovation, channel expansion and pep+ transformation,” Laguarta added. As
Beverage Giant PepsiCo Misses On Q4 2023 Revenues, Shares Fall Read Post »
PepsiCo Sees 2024 Core Constant Currency EPS Up 8% at Least.
PepsiCo Sees 2024 Core Constant Currency EPS Up 8% at Least Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target by $10 to $200, based on a 2025 P/E of 22.5x, a discount to its 5-year mean forward P/E of 24.4x. We raise our adjusted EPS estimates by $0.05 to $8.15 for ’24 and by $0.15 to $8.90 for ’25. PEP posts Q4 adjusted EPS of $1.78 vs. $1.67 (+9%), six cents ahead of consensus. The beat was driven by a lower-than-expected tax rate, as net revenue fell 0.5% to $27.85B ($520M short of consensus) as volumes fell across both the Convenient Foods (-3%) and Beverages (-2%) categories. Gross margin expanded 90 bps to 53.0% (20 bps below consensus). PEP introduced full year EPS guidance of approximately $8.15, in line with consensus and implying 7% growth from the $7.62 earned in ’23.
CFRA Lowers Opinion On Shares Of Pepsico, Inc. (NASDAQ:PEP) To Buy From Strong Buy Read Post »
The Walt Disney Company Reports First Quarter Earnings for Fiscal 2024 BURBANK, Calif.—-February 07, 2024– The Walt Disney Company (NYSE: DIS) today reported earnings for its first quarter ended December 30, 2023. Financial Results for the Quarter: — Revenues for the quarter were comparable to the prior-year quarter at $23.5 billion. — Diluted earnings per share (EPS) for the quarter increased to $1.04 from $0.70 in the prior-year quarter. — Excluding certain items(1), diluted EPS for the quarter increased to $1.22 from $0.99 in the prior-year quarter. Key Points: — Our first quarter earnings results reflect the progress we’ve made in our strategic transformation, as we continue to build from a position of strength. — We are achieving significant cost reductions across our businesses, as evidenced by the realization of over $500 million in selling, general and administrative and other operating expense savings across the enterprise in the first quarter.
The Walt Disney Company Reports First Quarter Earnings for Fiscal 2024 Read Post »