RBC Raises Price Target on Intuitive Surgical to $432 From $400, Sees ‘Substantial Upside Potential’ Ahead, Keeps Outperform Rating.
RBC Raises Price Target on Intuitive Surgical to $432 From $400 Read Post »
RBC Trims Price Target on General Electric to $148 From $150, Notes ‘Incremental Aerospace Burden,’ Keeps Outperform Rating.
RBC Trims Price Target on General Electric to $148 From $150 Read Post »
Procter & Gamble (NYSE:PG) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/24/2024 14% Raymond James $170 → $175 Maintains Outperform 01/18/2024 5.53% JP Morgan $169 → $162 Maintains Overweight 01/16/2024 4.23% Barclays $164 → $160 Maintains Overweight 11/13/2023 15.3% Jefferies → $177 Initiates Coverage On → Buy 10/20/2023 0.97% DZ Bank → $155 Upgrades Sell → Hold 10/19/2023 5.53% Wells Fargo $160 → $162 Maintains Overweight 10/19/2023 0.97% Stifel $151 → $155 Maintains Hold 10/16/2023 -1.64% Stifel $161 → $151 Maintains Hold 10/12/2023 0.32% Barclays $166 → $154 Maintains Overweight 10/12/2023 10.09% JP Morgan $172 → $169 Maintains Overweight 10/12/2023 -0.33% Bernstein $162 → $153 Maintains Market Perform 09/22/2023 16.6% HSBC → $179 Initiates Coverage On → Buy 09/08/2023 — William Blair Initiates Coverage On → Market Perform 08/01/2023 13.35% Morgan Stanley $174 → $174 Reiterates Overweight → Overweight 08/01/2023 14%
Procter & Gamble (NYSE:PG) Stock Analyst Ratings Read Post »
Netflix’s deal to become the new home of hit wrestling show “WWE Raw” and other WWE shows in the US and abroad is a positive one, says Andrew Uerkwitz, analyst at Jefferies, in a research note. The streaming giant’s deal, a 10-year deal valued at more than $5 billion, expands the live content offerings on Netflix but doesn’t stray far from its scripted content roots, says the analyst. “A worthy experiment to determine if the WWE die-hards will convert to subs and show up for the live broadcast, but also with higher delayed watching or re-watch value than live sports given its scripted entertainment/story value as well,” says Uerkwitz. He adds that the additional optionality for behind the scenes spin-offs and expansions outside the US is interesting as well. Shares rise 9.8% to $540.40 in premarket trading.
Netflix’s Wrestling Deal a ‘Worthy Experiment’ In Expansion of Live Content Read Post »
By Brian Swint Netflix shares are surging after the company reported earnings on Tuesday after the bell. The stock gained 10% in premarket trading to $539.62 following strong subscriber growth and revenue gains. Coming into the session it was already up 34% over the past year and 20% in the last three months. However, Wall Street analysts were cautioning against euphoria. Deutsche Bank downgraded the shares to Hold from Buy, even though it also raised its price target to $525 from $460. Analyst Bryan Kraft said that Netflix’s leadership position is “fully priced into the stock at these levels.” Needham’s Laura Martin kept a Hold rating on the stock, without giving a price target. She recommends investors consider media stocks more focused on advertising revenue because spending on advertising will pick up this year in the absence of more Hollywood strikes and with elections coming up. Oppenheimer analysts led by
Netflix Stock Is Surging. But Some Analysts Urge Caution. — Barrons.com Read Post »
By Claudia Assis Tesla is likely to turn cautious about 2024 volume and profits Tesla Inc.’s price cuts have led Wall Street to lower estimates for the electric-vehicle maker’s profit, and to question its prospects. On Wednesday, investors will have a chance to see just how much the cuts have mattered in a larger context for Tesla (TSLA), which is scheduled to report fourth-quarter earnings then. “With the increased competition around the world, Tesla’s profit margins are definitely under threat,” said Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions. “Tesla needs to show excellent revenue growth and continued profit per vehicle to keep its investors happy. However, the downward trend in the stock price since Christmas hints that stockholders are not expecting overly rosy results” for the fourth quarter, he said. The EV maker got off to a rough start in 2024, cutting prices in China and
A Key Tesla Metric Is ‘Under Threat.’ Wall Street Will Soon Learn More. Read Post »
By Angela Palumbo Intuitive Surgical stock was climbing Wednesday after the company provided positive updates on a new surgical robot and posted fourth-quarter earnings that impressed Wall Street. Intuitive said on its fourth-quarter earnings call Tuesday that it has submitted an application to the Food and Drug Administration for its new surgical robot, the Da Vinci 5. Citi analyst Joanne Wuensch said the announcement was the highlight of the evening and showed that the company is “heralding in another generation of robotic surgery.” She increased her price target on the stock to $428 from $390 while maintaining her Buy rating. For the fourth quarter, Intuitive reported earnings of $1.60 a share, which beat analysts’ estimates of $1.48 a share and rose from last year’s $1.23 a share. Revenue for the quarter was $1.93 billion, which was above last year’s $1.66 billion and in-line with what Intuitive said it expected when
Morgan Stanley Lifts Price Target on Accenture to $400 From $369, Cites Confidence in ‘Ability to Acquire Quality Assets at Attractive Valuations,’ Keeps Overweight Rating.
Morgan Stanley Lifts Price Target on Accenture to $400 From $369 Read Post »
Southwest Airlines (NYSE:LUV) is set to give its latest quarterly earnings report on Thursday, 2024-01-25. Here’s what investors need to know before the announcement. Analysts estimate that Southwest Airlines will report an earnings per share (EPS) of $0.12. Southwest Airlines bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings Preview: Southwest Airlines Read Post »
Blackstone (NYSE:BX) is set to give its latest quarterly earnings report on Thursday, 2024-01-25. Here’s what investors need to know before the announcement. Analysts estimate that Blackstone will report an earnings per share (EPS) of $1.00. Blackstone bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings Outlook For Blackstone Read Post »
ASML Holding (ASML) reported Q4 earnings Wednesday of 5.20 euros ($5.65) per diluted share, up from 4.60 per share a year earlier. Analysts surveyed by Capital IQ expected 4.76 euros per share. Net sales for the quarter ended Dec. 31 were 7.24 billion euros, up from 6.43 billion euros a year earlier. Analysts polled by Capital IQ expected 6.89 billion euros. Looking ahead, the company expects Q1 sales to range from 5 billion euros to 5.5 billion euros and full-year 2024 net sales to be similar to 2023. Analysts polled by Capital IQ are expecting sales of 5.92 billion euros and 27.27 billion euros for Q1 and 2024, respectively.
ASML Holding’s Q4 Earnings, Sales Rise Read Post »
ASML’s strong fourth-quarter performance is seen as a clear sign of customers planning for growth, Citi analysts write in a research note. This should give the market confidence in expecting strong growth in 2025 for the Dutch manufacturer of lithography systems for the semiconductor industry, and support its 2025 revenue to come in at the top half of its EUR30 billion-EUR40 billion range, ahead of consensus, the analysts add. ASML’s recovery shows customers’ confidence in the medium-to-long term outlook and should be reflected in the shares, the U.S. bank said. Shares are up 0.63% at 2888.0 pence.
ASML’s Strong Performance Seen as A Sign of Long-Term Growth Read Post »