JPMorgan Chase & Co. (NYSE: JPM) stock Analyst Ratings

/ / Financials /

JPMorgan Chase & Co. (NYSE: JPM) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 — Daiwa Capital Upgrades Outperform → Buy 11/16/2023 46.05% Oppenheimer $233 → $243 Maintains Outperform 10/16/2023 2.17% Piper Sandler $168 → $170 Maintains Overweight 10/16/2023 2.77% BMO Capital $167 → $171 Maintains Market Perform 10/16/2023 40.04% Oppenheimer $215 → $233 Maintains Outperform 10/16/2023 14.79% Morgan Stanley $187 → $191 Maintains Overweight 10/03/2023 12.39% Morgan Stanley $179 → $187 Maintains Overweight 09/26/2023 29.22% Oppenheimer $219 → $215 Maintains Outperform 09/12/2023 -5.04% RBC Capital → $158 Reiterates Outperform → Outperform 09/12/2023 7.58% Morgan Stanley $173 → $179 Maintains Overweight 09/08/2023 -5.04% RBC Capital → $158 Reiterates Outperform → Outperform 09/07/2023 -4.44% HSBC → $159 Initiates Coverage On → Hold 08/18/2023 31.62% Oppenheimer $227 → $219 Maintains Outperform 08/01/2023 -3.84% Atlantic Equities $150 → $160 Maintains Neutral 07/18/2023 3.98% Morgan […]

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Shopify Stock Gets Another Downgrade. It’s About the Valuation. — Barrons.com

/ / Technology /

Shopify stock has been on a tear this year, gaining more than 120% in a move that has pushed its valuation above those of its peers. That lofty price tag may work against the shares heading into the new year, says JMP Securities. Analyst Andrew Boone downgraded the stock to Market Perform from Outperform on Monday, removing his target for the stock price. At the heart of his call, he said, is the fact that Shopify’s valuation leaves little room for error as the company is undergoing several strategic shifts. The stock has gained 122% this year. The shares now trade hands at 74.1 times forward earnings, according to FactSet. “We think execution must be perfect from here, while our estimates versus consensus are mixed looking to 2024 and 2025,” Boone wrote in a note to clients Monday. In late November, Piper Sandler also downgraded the stock, citing an “untenable

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KLA (NASDAQ:KLAC) Stock Analyst Ratings

/ / Technology /

KLA (NASDAQ:KLAC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 26.23% New Street Research → $730 Initiates Coverage On → Buy 11/22/2023 -4.89% Redburn Atlantic → $550 Initiates Coverage On → Neutral 10/26/2023 -13.54% Morgan Stanley $529 → $500 Maintains Equal-Weight 10/05/2023 -17% UBS $475 → $480 Maintains Neutral 09/15/2023 3.75% Wolfe Research → $600 Initiates Coverage On → Outperform 07/31/2023 -6.62% Goldman Sachs $456 → $540 Maintains Buy 07/28/2023 -3.16% Susquehanna $490 → $560 Maintains Positive 07/28/2023 -7.49% TD Cowen $410 → $535 Maintains Market Perform 07/28/2023 -7.49% Stifel $450 → $535 Maintains Buy 07/28/2023 -0.57% Wells Fargo $500 → $575 Maintains Overweight 07/28/2023 -3.16% JP Morgan $445 → $560 Maintains Overweight 07/28/2023 -26.51% Barclays $400 → $425 Maintains Underweight 07/07/2023 — Keybanc Downgrades Overweight → Sector Weight 06/14/2023 — Needham Downgrades Buy → Hold 06/05/2023 -13.54% Wells Fargo $455

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Micron Technology May Deliver ‘Modest Upside’ to Revised Guidance, Wedbush Says

/ / Technology /

Micron Technology (MU) may deliver a “modest upside” to its recently revised guidance when it releases fiscal Q1 results on Wednesday, Wedbush said in a note on Monday. Wedbush raised the company’s price target to $95 from $80 with an outperform rating. The chipmaker said on Nov. 28 it expects an adjusted Q1 loss of about $1.00 per share, compared with previous guidance for a loss of $1.00 to $1.14. The company also now expects Q1 revenue of about $4.7 billion, up from previous guidance of $4.2 billion and $4.6 billion. “We would not be surprised if Micron delivers modest upside to the revised guide given management’s tendency towards conservatism,” said Wedbush analyst Matt Bryson. Micron may also deliver upside to analysts’ estimates in Q2, Bryson said, adding “GMs could/should exceed current consensus, benefiting from higher pricing and some increase in utilization rates.” NAND computer memory prices are expected to

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Skyworks Solutions, Inc.  (NASDAQ:SWKS) Stock Analyst Ratings

/ / Technology /

Skyworks Solutions, Inc.  (NASDAQ:SWKS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 12.37% Mizuho $108 → $125 Maintains Buy 11/03/2023 16.86% Rosenblatt $150 → $130 Maintains Buy 11/03/2023 -19.09% Piper Sandler $125 → $90 Maintains Overweight 11/03/2023 -1.11% Susquehanna $115 → $110 Maintains Positive 11/03/2023 -14.6% Morgan Stanley $112 → $95 Maintains Equal-Weight 11/03/2023 7.87% Keybanc $130 → $120 Maintains Overweight 11/03/2023 — Summit Insights Group Downgrades Buy → Hold 10/24/2023 3.38% Susquehanna $130 → $115 Maintains Positive 10/10/2023 -21.79% Citigroup $116 → $87 Downgrades Neutral → Sell 09/20/2023 -1.11% Exane BNP Paribas → $110 Downgrades Outperform → Neutral 09/14/2023 16.86% Keybanc → $130 Reiterates Overweight → Overweight 08/08/2023 12.37% Piper Sandler $107 → $125 Maintains Overweight 08/08/2023 16.86% Susquehanna $125 → $130 Maintains Positive 08/08/2023 0.68% Morgan Stanley $104 → $112 Maintains Equal-Weight 08/08/2023 9.67% Mizuho $125 → $122 Maintains

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Adobe (NASDAQ:ADBE) stock Analyst Ratings

/ / Technology /

Adobe (NASDAQ:ADBE) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 17.62% Barclays $680 → $700 Upgrades Equal-Weight → Overweight 12/14/2023 9.22% Piper Sandler → $650 Reiterates Overweight → Overweight 12/14/2023 3.34% RBC Capital → $615 Reiterates Outperform → Outperform 12/14/2023 5.02% Stifel $600 → $625 Maintains Buy 12/12/2023 13.42% Citigroup $610 → $675 Maintains Neutral 12/08/2023 15.94% BMO Capital $670 → $690 Maintains Outperform 12/04/2023 22.66% KGI Securities → $730 Upgrades Neutral → Outperform 11/10/2023 12.58% BMO Capital $645 → $670 Maintains Outperform 11/09/2023 9.22% Piper Sandler → $650 Reiterates Overweight → Overweight 10/26/2023 10.9% Oppenheimer → $660 Upgrades Perform → Outperform 10/26/2023 7.54% DA Davidson $500 → $640 Upgrades Neutral → Buy 10/11/2023 0.82% Stifel → $600 Reiterates Buy → Buy 10/11/2023 3.34% RBC Capital → $615 Reiterates Outperform → Outperform 10/11/2023 9.22% Piper Sandler → $650 Reiterates Overweight →

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FedEx Q2 Earnings Preview

/ / Industrials /

Shipping and logistics company FedEx Corp (NYSE:FDX) is set to report second-quarter financial results after market close Tuesday, Dec. 19. Here’s a look at the earnings estimates, what analysts are saying and key items for investors to watch. Earnings Estimates: FedEx is expected to report second-quarter revenue of $22.405 billion, according to data from Benzinga Pro. The total would come in shy of the $22.814 billion in revenue reported in the second quarter of the previous year. The company has missed Street estimates for revenue in six straight quarters. Analysts estimate FedEx will report second-quarter earnings per share of $4.20, compared to $3.18 in the year-over-year period. The company has beaten earnings per share estimates in five straight quarters.

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Apple Watch Interruption Could Fuel a Revenue Decline in the Important December Quarter

/ / Technology /

The sudden interruption in most Apple Watch sales during the all-important holiday shopping season could potentially fuel another revenue decline for the tech giant’s December quarter. But that will depend upon how many consumers decide to rush out and quickly buy Apple Watch Series 9 and the Apple Watch Ultra 2 models, before sales are halted in the coming days due to a patent dispute. Consumers can buy both product lines on Apple Inc.’s (AAPL) website until Thursday, Dec. 21, and in retail locations until Dec. 24. So the question is whether a sudden run on sales in the last week of holiday shopping can offset potential lost sales. It is worth noting, though, that several large retailers, such as Best Buy Co (BBY), Target Corp. (TGT), Walmart Inc. (WMT) and Amazon.com Inc. (AMZN), had already lowered the price of the base model of the Apple Watch Series 9 by

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Domino’s Pizza Enterprises’ New Menu Shows Innovation

/ / Consumer Discretionary /

Domino’s Pizza Enterprises’ new menu item doesn’t shift the dial on the Australian fast-food franchiser’s earnings but does show innovation and consistency in strategy, Citi analyst Sam Teeger says. He tells clients in a note that the so-called Meltzz looks akin to a toasted sandwich, which could cater to the solo-diner and snack segments in which the company has historically underperformed. The move shows that the ASX-listed company has improved its approach to inflation compared with its earlier unpopular delivery surcharge, he adds. Citi has a buy rating and A$61.10 target price on the stock, which is up 0.9% at A$57.13.

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Southwest Airlines (NYSE:LUV) Stock Analyst Ratings

/ / Consumer Discretionary /

Southwest Airlines (NYSE:LUV) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 5.43% Citigroup $25 → $30 Maintains Neutral 11/27/2023 19.49% Raymond James $36 → $34 Maintains Outperform 11/13/2023 — Melius Research Downgrades Hold → Sell 11/10/2023 — Exane BNP Paribas Downgrades Neutral → Underperform 10/31/2023 -19.17% Susquehanna $25 → $23 Maintains Neutral 10/31/2023 65.17% Morgan Stanley $50 → $47 Maintains Overweight 10/27/2023 -29.71% TD Cowen $26 → $20 Downgrades Outperform → Market Perform 10/11/2023 -12.14% Susquehanna $30 → $25 Maintains Neutral 10/05/2023 26.52% Raymond James $40 → $36 Maintains Outperform 10/02/2023 — Morgan Stanley Maintains Overweight 09/29/2023 -29.71% Jefferies $25 → $20 Maintains Underperform 09/26/2023 1.92% Bernstein $32 → $29 Maintains Market Perform 09/12/2023 15.09% Citigroup $36 → $32.75 Maintains Neutral 09/06/2023 19.49% Exane BNP Paribas → $34 Downgrades Outperform → Neutral 08/28/2023 33.54% Evercore ISI Group $42 → $38 Maintains

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