Netflix Mulls Over Plan To Monetize Its Gaming Business: Report

/ / Consumer Discretionary /

In a recent development, Netflix Inc. (NASDAQ:NFLX) has been reported to be considering revenue-generating strategies for its gaming division. The current games are available to all subscribers without additional charges. What Happened: As per a recent exclusive by the Wall Street Journal, Netflix’s top executives have been engaging in discussions regarding the potential monetization of its gaming services, sources familiar with the matter said. The proposed strategies include in-app purchases, charging for more sophisticated games, and giving access to games to subscribers of Netflix’s newer ad-supported tier. These discussions mark a possible shift in Netflix’s strategy, which has previously refrained from incorporating ads or in-app purchases in its games. The company’s Co-Chief Executive, Greg Peters, had previously stated that the focus was on providing a unique gaming experience, unencumbered by monetization concerns, for game creators.

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Snowflake (NYSE:SNOW) stock Analyst Ratings

/ / Technology /

Snowflake (NYSE:SNOW) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 -14.17% Monness, Crespi, Hardt → $160 Downgrades Neutral → Sell 01/02/2024 34.11% Piper Sandler $220 → $250 Maintains Overweight 12/11/2023 23.38% TD Cowen $215 → $230 Maintains Outperform 12/01/2023 1.93% Rosenblatt $170 → $190 Maintains Neutral 11/30/2023 21.24% Scotiabank $194 → $226 Maintains Sector Outperform 11/30/2023 1.93% Raymond James $170 → $190 Maintains Outperform 11/30/2023 26.07% Stifel $200 → $235 Maintains Buy 11/30/2023 12.65% Truist Securities $200 → $210 Maintains Buy 11/30/2023 13.73% JMP Securities $200 → $212 Maintains Market Outperform 11/30/2023 12.65% Mizuho $180 → $210 Maintains Buy 11/30/2023 28.75% Oppenheimer $220 → $240 Maintains Outperform 11/30/2023 12.65% Wells Fargo $190 → $210 Maintains Overweight 11/30/2023 7.29% JP Morgan $170 → $200 Maintains Overweight 11/30/2023 23.38% Morgan Stanley $215 → $230 Maintains Overweight 11/30/2023 20.7% Needham $216 → $225 Maintains

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Mobileye Crumbles on Revenue Warning. It Could Be Trouble for 2 Chip Stocks. — Barrons.com

/ / Technology /

The outlook is getting uglier for chip makers that serve the auto industry. Shares of Mobileye Global, a supplier of autonomous-driving systems and related equipment, fell by more than 25% on Thursday after company said it expects first-quarter revenue to decline by 50% versus the prior year, while Wall Street had expected an increase. The company blamed a buildup of inventories of its EyeQ computer chips at some customers. Mobileye’s forecast echoes downbeat news from ON Semiconductor and Lattice Semiconductor, which provided soft outlooks in late October. Both companies cited deteriorating demand in the auto and industrial markets. Wall Street analysts have been growing increasingly concerned about semiconductor companies with exposure to the auto industry. Earlier Thursday, before the news from Mobileye, Bernstein analyst Stacy Rasgon lowered his rating for Analog Devices stock to Market-Perform from Outperform. He reaffirmed his target of $200 for the price target for the shares,

Mobileye Crumbles on Revenue Warning. It Could Be Trouble for 2 Chip Stocks. — Barrons.com Read Post »

Stifel Financial Corp. (NYSE:SF) Stock Analyst Ratings

/ / Financials /

Stifel Financial Corp. (NYSE:SF) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 20.41% TD Cowen → $83 Initiates Coverage On → Outperform 10/10/2023 18.96% JMP Securities $86 → $82 Maintains Market Outperform 07/27/2023 24.76% JMP Securities → $86 Reiterates Market Outperform → Market Outperform 07/10/2023 24.76% JMP Securities $91 → $86 Maintains Market Outperform 06/30/2023 32.02% JMP Securities → $91 Reiterates Market Outperform → Market Outperform 05/22/2023 32.02% JMP Securities $91 → $91 Reiterates Market Outperform → Market Outperform 04/27/2023 32.02% JMP Securities → $91 Reiterates → Market Outperform 04/11/2023 -5.7% Citigroup $72 → $65 Maintains Neutral 04/10/2023 32.02% JMP Securities $95 → $91 Maintains Market Outperform 03/13/2023 37.82% JMP Securities → $95 Reiterates → Market Outperform 01/10/2023 37.82% JMP Securities $98 → $95 Maintains Market Outperform 11/22/2022 -91.3% UBS → $6 Initiates Coverage On → Neutral 10/12/2022 -12.96% Citigroup →

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Blackstone (NYSE:BX) Stock Analyst Ratings

/ / Financials /

Blackstone (NYSE:BX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 -4.17% TD Cowen → $118 Initiates Coverage On → Market Perform 01/03/2024 3.96% Goldman Sachs → $128 Downgrades Buy → Neutral 12/20/2023 21.82% Piper Sandler → $150 Assumes → Overweight 10/20/2023 -14.72% Oppenheimer $107 → $105 Maintains Outperform 10/20/2023 -8.23% Wells Fargo $118 → $113 Maintains Overweight 10/20/2023 -23.66% BMO Capital $97 → $94 Maintains Market Perform 10/20/2023 -2.54% Morgan Stanley $125 → $120 Maintains Overweight 10/10/2023 -5.79% Barclays $110 → $116 Maintains Equal-Weight 10/06/2023 -8.23% HSBC → $113 Initiates Coverage On → Hold 09/05/2023 1.52% Morgan Stanley $125 → $125 Reiterates Overweight → Overweight 07/24/2023 -9.04% Goldman Sachs $98 → $112 Maintains Buy 07/21/2023 -4.98% Oppenheimer $115 → $117 Maintains Outperform 07/21/2023 1.52% Morgan Stanley $116 → $125 Maintains Overweight 07/21/2023 -21.22% BMO Capital $93 → $97 Maintains Market Perform

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Home Depot To See Sales Stabilization And EPS Growth In 2024, Analyst Builds Bull Case

/ / Consumer Discretionary /

Barclays analyst Seth Sigman upgraded The Home Depot Inc (NYSE:HD) to Overweight from Equal-Weight at an increased price target of $372 from $325. The analyst is bullish on increased exposure to housing and potentially strengthening home prices as rates reverse. Sigman notes stabilizing sales and a return to normal algorithmic-like growth in 2025 would support the stock. The analyst expects comps to remain weak in low-single-digits in the near term but stabilize through 2024. The analyst expects gross margin to be relatively stable, while SG&A is projected to benefit from $500 million of fixed cost reductions and cycling incremental costs in 2023. The analyst estimates FY24 EPS of $15.47 (vs. consensus $15.62), thanks to comps and SG&A rate. The analyst models comps down slightly vs. consensus flat, including negative in H1, with a slight improvement in H2, partially offset by an extra week (estimates ~$2.5 billion in sales). The analyst raised FY25 EPS

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Raymond James Financial (NYSE:RJF) Stock Analyst Ratings

/ / Financials /

Raymond James Financial (NYSE:RJF) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 9.44% TD Cowen → $121 Initiates Coverage On → Market Perform 01/03/2024 4.92% Goldman Sachs → $116 Downgrades Buy → Neutral 10/30/2023 -9.55% Morgan Stanley $110 → $100 Maintains Equal-Weight 10/10/2023 6.73% Jefferies $128 → $118 Maintains Buy 09/22/2023 4.02% Citigroup $120 → $115 Maintains Neutral 09/19/2023 9.44% JP Morgan → $121 Initiates Coverage On → Neutral 09/11/2023 10.35% B of A Securities → $122 Initiates Coverage On → Buy 08/01/2023 -0.51% Morgan Stanley $112 → $110 Maintains Equal-Weight 07/31/2023 -0.51% Morgan Stanley $112 → $110 Maintains Equal-Weight 07/21/2023 1.3% Morgan Stanley → $112 Assumes → Equal-Weight 06/05/2023 1.3% Jefferies $136 → $112 Maintains Buy 04/28/2023 -2.32% Keefe, Bruyette & Woods $109 → $108 Maintains Market Perform 04/27/2023 -2.32% Keefe, Bruyette & Woods $109 → $108 Maintains Market Perform

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BlackRock (NYSE:BLK) Stock Analyst Ratings

/ / Financials /

BlackRock (NYSE:BLK) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 3.87% TD Cowen → $819 Initiates Coverage On → Market Perform 12/15/2023 -10.2% JP Morgan $708 → $708 Downgrades Overweight → Neutral 12/12/2023 12.24% Exane BNP Paribas → $885 Upgrades Neutral → Outperform 11/30/2023 0.58% Goldman Sachs $719 → $793 Maintains Buy 10/16/2023 -10.2% JP Morgan $736 → $708 Maintains Overweight 10/16/2023 13.77% Morgan Stanley $836 → $897 Maintains Overweight 10/11/2023 1.46% Deutsche Bank $814 → $800 Maintains Buy 10/06/2023 6.03% Morgan Stanley $888 → $836 Maintains Overweight 10/04/2023 -8.68% Wells Fargo $820 → $720 Maintains Overweight 07/18/2023 12.62% Morgan Stanley $881 → $888 Maintains Overweight 07/17/2023 -0.44% Deutsche Bank $780 → $785 Maintains Buy 07/14/2023 3.37% Citigroup $750 → $815 Maintains Buy 07/12/2023 11.74% Morgan Stanley $861 → $881 Maintains Overweight 07/10/2023 5.9% Keefe, Bruyette & Woods $770 → $835

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Franklin Resources (NYSE:BEN) stock Analyst Ratings

/ / Financials /

Franklin Resources (NYSE:BEN) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 12.03% TD Cowen → $32 Initiates Coverage On → Market Perform 11/02/2023 -22.98% Morgan Stanley $23 → $22 Maintains Underweight 10/11/2023 -15.98% Deutsche Bank $26 → $24 Maintains Hold 10/06/2023 -19.48% Morgan Stanley $24 → $23 Maintains Underweight 08/08/2023 -15.98% Morgan Stanley $23 → $24 Maintains Underweight 08/01/2023 -14.23% Goldman Sachs $21.5 → $24.5 Maintains Sell 07/31/2023 -14.23% Goldman Sachs $21.5 → $24.5 Maintains Sell 07/31/2023 -5.48% BMO Capital $24 → $27 Maintains Market Perform 07/25/2023 -19.48% Morgan Stanley $23 → $23 Reiterates Underweight → Underweight 07/13/2023 -8.98% Wells Fargo $25.5 → $26 Maintains Underweight 07/12/2023 -19.48% Morgan Stanley $23 → $23 Reiterates Underweight → Underweight 07/10/2023 -15.98% BMO Capital $20 → $24 Assumes Market Perform → Market Perform 06/01/2023 -10.73% Wells Fargo $26 → $25.5 Maintains Underweight 05/02/2023 -17.73%

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