Barclays analyst Seth Sigman maintains Lowe’s Companies (NYSE:LOW) with a Equal-Weight and raises the price target from $203 to $229.
Barclays raises Lowe’s Companies (NYSE:LOW) price target from $203 to $229 Read Post »
Morgan Stanley Boosts Price Target on BlackRock to $952 From $897, Cites ‘Robust Organic Growth,’ Keeps Overweight, Top Pick。
Morgan Stanley Boosts Price Target on BlackRock to $952 From $897 Read Post »
By Adam Clark Mobileye Global shares were diving on Thursday after the autonomous-driving systems company said it expects a 50% fall in revenue in the first quarter of the year. The disappointment is also a blow to its former parent and majority shareholder Intel. Mobileye said that it expects its revenue for the first quarter of 2024 to be “significantly below” the same period a year earlier. It blamed the forecast on excess inventory of its EyeQ computer chips being held by some of its customers. The company expects first-quarter revenue to be down approximately 50%, from the $458 million revenue it generated in the first quarter of 2023. Analysts were forecasting first-quarter revenue to rise to $557.1 million, according to a FactSet consensus. The company expects a first-quarter adjusted operating loss of $65 million to $80 million. Mobileye shares were down 26% at $29.45 in premarket trading on Thursday.
Mobileye Stock Plunges After Revenue Warning. Why It’s Bad News for Intel. — Barrons.com Read Post »
By Sabrina Escobar 2023 was a record-breaking holiday season for e-commerce, Adobe says, as price-sensitive consumers flocked to online stores in search of the best deals of the season. Online spending rose 4.9% year-over-year to $222.1 billion from Nov. 1 to Dec. 31 this year, according to the latest data from Adobe Analytics. Ahead of the holiday season, Adobe had predicted sales would tick up 4.8%. Last week, Mastercard released its own preliminary data, which found that overall holiday sales — which include both online and bricks-and-mortar sales — rose by 3.1% this year compared with the previous one. Online sales gained 6.3%, Mastercard said, while spending in stores increased by 2.2%. Electronics, apparel, furniture, groceries, and toys were some of the hottest categories, Adobe said, echoing the results of November’s official retail sales report, released in mid-December. Discounts may have helped boost splurging online. Deals for electronics, for instance,
Online Spending Broke Records This Holiday Season, Adobe Says — Barrons.com Read Post »
Intel’s stock drops as well as chip giant holds majority economic interest in Mobileye Shares of Mobileye Global Inc. were tanking in Thursday’s premarket action after the company, which makes self-driving technology, issued a revenue warning as its customers deal with excess inventory. Mobileye (MBLY) said it expects first-quarter revenue to fall about 50% from the $458 million that it reported in the year-earlier period. Analysts tracked by FactSet had expected revenue to rise to $557 million for the period. The company disclosed in a press release that it has “become aware of excess inventory at our customers,” representing an estimated 6 million to 7 million units of the company’s EyeQ product. “As supply chain concerns have eased, we expect that our customers will use the vast majority of this excess inventory in the first quarter of the year,” Mobileye said. Shares were down more than 25% in premarket activity.
Mobileye’s Stock Melts Down as Inventory Issues Prompt Grim Revenue Warning Read Post »
Blackstone (NYSE:BX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/03/2024 1.19% Goldman Sachs → $128 Downgrades Buy → Neutral 12/20/2023 18.58% Piper Sandler → $150 Assumes → Overweight 10/20/2023 -17% Oppenheimer $107 → $105 Maintains Outperform 10/20/2023 -10.67% Wells Fargo $118 → $113 Maintains Overweight 10/20/2023 -25.69% BMO Capital $97 → $94 Maintains Market Perform 10/20/2023 -5.14% Morgan Stanley $125 → $120 Maintains Overweight 10/10/2023 -8.3% Barclays $110 → $116 Maintains Equal-Weight 10/06/2023 -10.67% HSBC → $113 Initiates Coverage On → Hold 09/05/2023 -1.19% Morgan Stanley $125 → $125 Reiterates Overweight → Overweight 07/24/2023 -11.46% Goldman Sachs $98 → $112 Maintains Buy 07/21/2023 -7.51% Oppenheimer $115 → $117 Maintains Outperform 07/21/2023 -1.19% Morgan Stanley $116 → $125 Maintains Overweight 07/21/2023 -23.32% BMO Capital $93 → $97 Maintains Market Perform 07/21/2023 -6.72% Wells Fargo $104 → $118 Maintains Overweight 07/21/2023 -12.25% JP
Blackstone (NYSE:BX) Stock Analyst Ratings Read Post »
Raymond James Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/03/2024 4.45% Goldman Sachs → $116 Downgrades Buy → Neutral 10/30/2023 -9.96% Morgan Stanley $110 → $100 Maintains Equal-Weight 10/10/2023 6.25% Jefferies $128 → $118 Maintains Buy 09/22/2023 3.55% Citigroup $120 → $115 Maintains Neutral 09/19/2023 8.95% JP Morgan → $121 Initiates Coverage On → Neutral 09/11/2023 9.85% B of A Securities → $122 Initiates Coverage On → Buy 08/01/2023 -0.95% Morgan Stanley $112 → $110 Maintains Equal-Weight 07/31/2023 -0.95% Morgan Stanley $112 → $110 Maintains Equal-Weight 07/21/2023 0.85% Morgan Stanley → $112 Assumes → Equal-Weight 06/05/2023 0.85% Jefferies $136 → $112 Maintains Buy 04/28/2023 -2.76% Keefe, Bruyette & Woods $109 → $108 Maintains Market Perform 04/27/2023 -2.76% Keefe, Bruyette & Woods $109 → $108 Maintains Market Perform 04/27/2023 -9.96% Credit Suisse $103 → $100 Maintains Neutral 04/20/2023 2.65% Morgan Stanley $121
Raymond James Stock Analyst Ratings Read Post »
Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/03/2024 -13.79% DA Davidson → $410 Initiates Coverage On → Neutral 11/22/2023 36.68% Oppenheimer → $650 Reiterates Outperform → Outperform 11/22/2023 39.84% Stifel $600 → $665 Maintains Buy 11/22/2023 31.42% Susquehanna → $625 Reiterates Positive → Positive 11/22/2023 21.96% UBS $560 → $580 Maintains Buy 11/22/2023 — Edward Jones Downgrades Buy → Hold 11/22/2023 31.42% Mizuho $590 → $625 Maintains Buy 11/22/2023 31.42% Benchmark → $625 Reiterates Buy → Buy 11/22/2023 36.68% BMO Capital $600 → $650 Maintains Outperform 11/22/2023 26.17% Wedbush → $600 Reiterates Outperform → Outperform 11/22/2023 41.94% Wells Fargo $600 → $675 Maintains Overweight 11/22/2023 26.8% Morgan Stanley $600 → $603 Maintains Overweight 11/22/2023 26.17% Needham → $600 Reiterates Buy → Buy 11/17/2023 26.17% Stifel → $600 Reiterates Buy → Buy 11/17/2023 30.37% Piper Sandler → $620 Reiterates
Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Read Post »
Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/03/2024 14.65% Keybanc → $45 Upgrades Sector Weight → Overweight 12/19/2023 9.55% Oppenheimer → $43 Reiterates Outperform → Outperform 12/14/2023 7.01% Citigroup $40 → $42 Maintains Buy 12/13/2023 1.91% Wells Fargo $35 → $40 Maintains Equal-Weight 11/02/2023 14.65% Tigress Financial $64 → $45 Maintains Buy 10/25/2023 -3.18% Barclays $37 → $38 Upgrades Equal-Weight → Overweight 08/29/2023 1.91% Citigroup $39 → $40 Upgrades Neutral → Buy 08/22/2023 9.55% Oppenheimer → $43 Reiterates Outperform → Outperform 08/03/2023 12.1% Morgan Stanley $44 → $44 Reiterates Overweight → Overweight 07/27/2023 -0.64% Citigroup $42 → $39 Maintains Neutral 07/26/2023 -8.28% Goldman Sachs $41 → $36 Maintains Neutral 07/26/2023 7.01% Raymond James $51 → $42 Maintains Outperform 07/20/2023 -8.28% Wells Fargo $40 → $36 Maintains Equal-Weight 07/18/2023 12.1% Morgan Stanley $44 → $44 Reiterates Overweight
Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings Read Post »
Citigroup (NYSE:C) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/03/2024 8.88% Wolfe Research → $58 Upgrades Peer Perform → Outperform 01/02/2024 18.27% Barclays $59 → $63 Maintains Equal-Weight 12/19/2023 -2.38% Goldman Sachs $47 → $52 Maintains Neutral 12/01/2023 -11.77% Goldman Sachs $41 → $47 Maintains Neutral 11/16/2023 59.56% Oppenheimer $82 → $85 Maintains Outperform 10/16/2023 -15.52% Piper Sandler $47 → $45 Maintains Neutral 10/16/2023 23.9% BMO Capital $61 → $66 Maintains Outperform 10/16/2023 53.93% Oppenheimer $81 → $82 Maintains Outperform 10/03/2023 -19.28% Morgan Stanley $45 → $43 Maintains Underweight 10/02/2023 -23.03% Goldman Sachs $47 → $41 Maintains Neutral 09/26/2023 52.06% Oppenheimer $85 → $81 Maintains Outperform 09/20/2023 -11.77% RBC Capital $51 → $47 Maintains Outperform 09/15/2023 -11.77% Piper Sandler $50 → $47 Maintains Neutral 09/07/2023 -19.28% HSBC → $43 Initiates Coverage On → Hold 08/23/2023 3.25% Wells Fargo $60 → $55
Citigroup (NYSE:C) Stock Analyst Ratings Read Post »
Dell Technologies Inc. (NYSE:DELL) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/03/2024 20% Bernstein $80 → $90 Maintains Outperform 12/01/2023 2.67% JP Morgan $76 → $77 Maintains Neutral 12/01/2023 14.67% Goldman Sachs $78 → $86 Maintains Buy 12/01/2023 13.33% Wells Fargo $80 → $85 Maintains Overweight 12/01/2023 9.33% Raymond James $68 → $82 Maintains Outperform 11/20/2023 26.67% Melius Research → $95 Initiates Coverage On → Buy 10/06/2023 18.67% Morgan Stanley $87 → $89 Maintains Overweight 10/03/2023 16% Morgan Stanley $70 → $87 Maintains Overweight 09/25/2023 0% Deutsche Bank $68 → $75 Maintains Buy 09/22/2023 6.67% Citigroup $70 → $80 Maintains Buy 09/19/2023 6.67% Daiwa Capital $50 → $80 Upgrades Neutral → Outperform 09/11/2023 6.67% Evercore ISI Group $70 → $80 Maintains Outperform 09/07/2023 -29.33% Barclays → $53 Downgrades Equal-Weight → Underweight 09/01/2023 -8% UBS $57 → $69 Maintains Buy 09/01/2023 -6.67%
Dell Technologies Inc. (NYSE:DELL) Stock Analyst Ratings Read Post »
Chipotle Mexican Grill, Inc. (NYSE: CMG) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/03/2024 0.06% Barclays $1885 → $2246 Maintains Equal-Weight 01/02/2024 24.74% Stephens & Co. $2330 → $2800 Maintains Overweight 12/21/2023 6.92% Wedbush → $2400 Downgrades Outperform → Neutral 12/07/2023 9.14% Raymond James $2100 → $2450 Maintains Outperform 12/01/2023 8.03% RBC Capital $2185 → $2425 Maintains Outperform 10/27/2023 -1.99% TD Cowen → $2200 Reiterates Outperform → Outperform 10/27/2023 -7.78% Morgan Stanley $2010 → $2070 Maintains Equal-Weight 10/27/2023 3.8% Stephens & Co. → $2330 Reiterates Overweight → Overweight 10/27/2023 0.23% Keybanc $2200 → $2250 Maintains Overweight 10/24/2023 1.57% Truist Securities → $2280 Reiterates Buy → Buy 10/23/2023 -16.92% Barclays $1950 → $1865 Maintains Equal-Weight 10/20/2023 -1.99% Wedbush → $2200 Reiterates Outperform → Outperform 10/19/2023 5.8% Deutsche Bank → $2375 Initiates Coverage On → Buy 10/18/2023 -6.45% Raymond James $2300 → $2100
Chipotle Mexican Grill, Inc. (NYSE: CMG) stock Analyst Ratings Read Post »