Insider Intelligence: Google and Meta together accounted for 48.4% of U.S. digital ad spend in 2022

/ / Technology / ,

According to estimates by research firm Insider Intelligence, Alphabet’s Google and Facebook parent company Meta Platforms together accounted for 48.4% of U.S. digital advertising spending in 2022. Insider Intelligence notes that the combined U.S. market share of the two companies has not fallen below 50 percent since 2014, and the agency expects that market share to fall to 44.9 percent this year. Google and Meta’s advertising business is still growing, but it is growing slower than the rest of the U.S. digital advertising market.

Insider Intelligence: Google and Meta together accounted for 48.4% of U.S. digital ad spend in 2022 Read Post »

Tesla price target lowered to $122 from $205 at Cowen

/ / Consumer Discretionary / , ,

Cowen analyst Jeffrey Osborne lowered the firm’s price target on Tesla to $122 from $205 and keeps a Market Perform rating on the shares. The analyst noted they missed the Q4 deliveries estimate and said production was in-line with consensus and 8.5% above deliveries which the company attributed to increased cars in transit as the company shifts to a more balanced regional mix of vehicle builds.

Tesla price target lowered to $122 from $205 at Cowen Read Post »

Wedbush maintained Tesla’s outperform rating and $175 price target

/ / Consumer Discretionary / , ,

Tesla (TSLA) missing its delivery growth target for full-year 2022 remains a concern heading into a “very cloudy” 2023, Wedbush said in a note to clients Tuesday. Analysts are now expecting delivery growth of 35% to 40% in 2023 as overall demand starts to dwindle for Tesla, according to the investment firm. Tesla needs to cut prices more especially in China and Chief Executive Elon Musk should now focus on the automaker instead of Twitter, which “remains a distraction and overhang” for Tesla, said Wedbush analysts.

Wedbush maintained Tesla’s outperform rating and $175 price target Read Post »

Bernstein: Maintain Tesla’s underperforming rating Demand challenges will continue in 2023

/ / Consumer Discretionary / , ,

Bernstein analyst Toni Sacconaghi noted that despite positive price discounts, Tesla Q4 deliveries were 405,000 units, below consensus expectations of 418,000 units. Tesla is facing “significant demand issues,” with Q4 book value likely to be less than 0.65 times despite the significant price cuts. Analysts expect demand challenges to persist in 2023, especially with the exception of the 7-seater Model Y, which currently appears to have “no Tesla model” eligible for any Inflation Reduction Act (IRA) tax refund. Analysts said they were “more entangled” with Tesla stock. He believes that many investors are underestimating the scale of the demand challenge facing Tesla and that the 2023/2024 numbers could reset significantly. Sacconaghi is also concerned that the market could come under broader pressure amid rising interest rates/slowing consumer spending, continuing to disproportionately impact highly valued stocks such as Tesla. He maintained the stock’s underperform rating with a $150 price target.

Bernstein: Maintain Tesla’s underperforming rating Demand challenges will continue in 2023 Read Post »

JPMorgan Chase: Lowered Tesla’s price target to $125 and maintained its underweight rating

/ / Consumer Discretionary / ,

JPMorgan analyst Ryan Brinkman will cut Tesla’s price target to $125 from $150 and maintain an underweight rating on the stock. The analyst lowered his expectations after Tesla reported fourth-quarter deliveries slightly above his model, arguing that new car deliveries appear to come at the cost of higher incentives, suggesting lower pricing and profit margins. In addition, the analyst told investors in a research note that fourth-quarter deliveries fell short of consensus expectations, dragged down by lower pricing, and consensus expectations for fourth-quarter earnings of $1.19 per share could be revised downward. He expects the stock’s multiples to shrink further as the company’s growth expectations slow.

JPMorgan Chase: Lowered Tesla’s price target to $125 and maintained its underweight rating Read Post »

CVS Health (NYSE:CVS) Stock Price Trend Forecast and Trading Range 2023.1.3

/ / Consumer Staples /

CVS Health (NYSE:CVS) Stock Price Trend Forecast and Trading Range： 2023.1.3 From the stock price chart analysis, today’s stock price opened low and continued to rise, closing unchanged from the previous trading day.Stock prices are in a downtrend in the short term, it is not recommended to buy and hold. The outlook for medium-term and long-term earnings is too uncertain and short-term returns are low. It is recommended to wait patiently for the right trading opportunity. From the analysis of financial statements, the revenue in the third quarter of fiscal 2022 was $81.159 billion, YoY +9.98%, net profit was -$3.416 billion, EPS was -$2.6. Quarterly dividend of $0.55 per share. The revenue loss was mainly due to compensation for a one-time loss, and adjusted earnings per share were 6% higher than the same period last year. The best medium to long term buying price is between $75-$85. (Note: The upper

CVS Health (NYSE:CVS) Stock Price Trend Forecast and Trading Range 2023.1.3 Read Post »

Evercore ISI Downgrades CVS Health to In-Line, Lowers Price Target to $100

/ / Health Care / ,

Evercore ISI analyst Elizabeth Anderson downgraded CVS Health (CVS) from outperform to be in line with the market, lowering its price target to $100 from $120. Anderson told investors in a research note that a channel check conducted during Medicare Advantage enrollment showed that CVS Health’s 2023 plan offerings were competitive. The analyst said that while the inspection results showed that the company’s Aetna was doing well in some regions, its share growth did not appear to be strong compared to previous years. Anderson believes CVS Health’s valuation in 2023 will bounce back in a relative range pending greater certainty in the final portfolio.

Evercore ISI Downgrades CVS Health to In-Line, Lowers Price Target to $100 Read Post »

Qualcomm (NASDAQ:QCOM) stock price trend forecast and trading range -2023.1.3

/ / Technology /

Qualcomm Inc.(NASDAQ:QCOM) stock price trend forecast and trading range: 2023.1.3 From the stock price chart analysis, the semiconductor index is weaker than the NASDAQ index, and the stock price continues to fall after opening high today, although it has not fallen below the support  for the time being, but it is a matter of time, the probability of the stock price falling below the support is high. Short-term trading strategies sell to reduce risk and wait for increased certainty in the stock price before trading. Medium-term and long-term trading stock prices have a higher risk of falling and are not recommended to be held at present. From the analysis of financial statements, the revenue in the fourth quarter of fiscal 2022 was 11.395 billion US dollars, the market estimate was 11.37 billion US dollars, YoY + 22.05%, net profit was 2.873 billion US dollars, YoY + 2.68%, EPS 2.53 US

Qualcomm (NASDAQ:QCOM) stock price trend forecast and trading range -2023.1.3 Read Post »

Microsoft (NASDAQ:MSFT) Stock price trend forecast and trading range -2023.1.3

/ / Technology /

Microsoft Corp. (NASDAQ:MSFT) Stock price trend forecast and trading range: 2023.1.3 From the stock prices chart  analysis of , today’s stock price opened high and then rapid rise followed by continuous decline, and the closing price was the same as the previous trading day. The recent stock price continues to be between $235-$260, and the current stock price is in the lower band of the range, which is a relatively safe  selling high and buying low . Short-term trading suggests repeatedly selling high and buying low between $230-$248, with a stop loss price of $230. If the share price falls below $230, the stock price may enter a new volatility range. The probability of a short-term upward breakout of the stock price is low. The medium and long trading strategies maintain a small position with a target price above $260. From a fundamental point of view, Q4 2022 achieved revenue

Microsoft (NASDAQ:MSFT) Stock price trend forecast and trading range -2023.1.3 Read Post »

S&P global Rob Dobson, commented on the UK’s manufacturing PMI for December

/ / Financials

Rob Dobson, director of S&P Global, commented on the UK manufacturing PMI for December: The downturn in UK manufacturing worsened at the end of the year. Supply chain issues continued to have an impact as new orders flowed down, with output shrinking at its fastest pace in the past 14 years. The magnitude of the decline in new business is worrying due to weak domestic demand and a further significant decline in new orders from overseas.

S&P global Rob Dobson, commented on the UK’s manufacturing PMI for December Read Post »

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