Berenberg raised Tesla (NASDAQ:TSLA) target price from $200 to $210

Berenberg analyst Adrian Yanoshik said in a research report that he downgraded Tesla (NASDAQ:TSLA) from “buy” to “hold” and raised its target price from $200 to $210. The analyst noted that Tesla’s new factory’s advantages in terms of capital and labor efficiency provide the company with years of growth opportunities, and that its “false fear of price wars” seems to have been accepted by the market. Adrian now sees less upside for Tesla’s share price, further noting that Tesla’s entry into smaller segment car product pricing will present a huge sales growth opportunity for the company, but that growth may take time. The analyst said that “Tesla’s valuation now has less room for disappointment.”

Berenberg raised Tesla (NASDAQ:TSLA) target price from $200 to $210 Read Post »

United Parcel Service(NYSE:UPS)Maintain full-year revenue forecast of $97.0 billion to $99.4 billion

United Parcel Service(NYSE:UPS) maintained its full-year capital expenditures of approximately $5.3 billion versus market expectations of $5.28 billion, maintaining its full-year adjusted operating margin of 12.8% to 13.6% versus market expectations of 13.3%. Maintain full-year revenue forecast of $97.0 billion to $99.4 billion versus market expectations of $98.29 billion.

United Parcel Service(NYSE:UPS)Maintain full-year revenue forecast of $97.0 billion to $99.4 billion Read Post »

SEA(NYSE:SE) Q4 2022 Total revenue was $3.5 billion, up 7.1% year-on-year

March 7, 2023 — SEA(NYSE:SE) today announced its financial results for the fourth quarter and full year ended December 31, 2022. The company  reported Q4 earnings of $0.72 per diluted share,Four analysts surveyed by Capital IQ expected a loss of $0.83 per share. Revenue for the quarter ended Dec. 31 was $3.45 billion, Four analysts polled by Capital IQ expected $3.05 billion. “We are starting 2023 on a much stronger footing,” said Forrest Li, Sea’s Chairman and Group Chief Executive Officer. “Our decisive pivot to focus on efficiency and profitability since late last year is already driving meaningful bottom line improvements. We delivered positive total net income in the fourth quarter, demonstrating the strength and resilience of our underlying business model and the execution capabilities of our teams. As we continue this transition and maintain our focus on sustainable growth, our approach is to do less but do it better

SEA(NYSE:SE) Q4 2022 Total revenue was $3.5 billion, up 7.1% year-on-year Read Post »

Jefferies: Gives Boeing (NYSE:BA) a “buy” rating with a $250 price target

Jefferies analyst Sheila Kahyaoglu said in a research note that it gave Boeing (NYSE:BA) a “buy” rating with a $250 price target. The analyst noted that a “new” software issue would reportedly delay deliveries of specific Boeing 737 MAX models by up to a year, but the analyst said the delay in deliveries of certain 737 MAX models caused by software issues was “not a new problem” for Boeing, which is estimated to affect deliveries of 30 to 40 aircraft. Sheila doesn’t think the issue will affect Boeing’s delivery targets for this year.

Jefferies: Gives Boeing (NYSE:BA) a “buy” rating with a $250 price target Read Post »

Morgan Stanley: lowered Nordstrom (NYSE:JWN) price target to $18 from $19

Morgan Stanley: Gives Nordstrom, Inc. (NYSE:JWN) an underweight rating and lowers its price target to $18 from $19. The company reported fourth-quarter results that exceeded the “reduced standard,” but fundamentals remain under pressure and earnings per share risk of a negative revision.

Morgan Stanley: lowered Nordstrom (NYSE:JWN) price target to $18 from $19 Read Post »

Ciena(NYSE:CIEN) Q1 2023 Revenue of $1.06 billion,up 25.1% year-over-year

March 6, 2023 — Ciena Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal first quarter ended January 28, 2023. Ciena Corporation (NYSE: CIEN) reported fiscal Q1 adjusted earnings  of $0.64 per diluted share, Analysts polled by Capital IQ expected $0.36. Revenue for the quarter ended Jan. 28 was $1.06 billion, Analysts surveyed by Capital IQ expected $959 million. For fiscal first quarter 2023 Revenue: $1.06 billion,up 25.1% year-over-year,Net Income per Share: $0.51 GAAP; $0.64 adjusted (non-GAAP)。 For fiscal first quarter 2023, Ciena reported revenue of $1.06 billion as compared to $844.4 million for the fiscal first quarter 2022. Ciena’s GAAP net income for the fiscal first quarter 2023 was $76.2 million, or $0.51 per diluted common share, which compares to a GAAP net income of $45.8 million, or $0.29 per diluted common share, for the fiscal first quarter 2022. Ciena’s adjusted

Ciena(NYSE:CIEN) Q1 2023 Revenue of $1.06 billion,up 25.1% year-over-year Read Post »

Jefferies: Maintain Tesla(NASDAQ:TSLA) “Buy” rating and raise its price target to $230

Analysts at Jefferies said in a research note that they maintained their “buy” rating on Tesla (NASDAQ:TSLA) and raised their price target to $230 from $180. The analyst said Tesla’s investor day last week showed that the company remains largely a “Day 1” operating model. The analyst noted that no new product launches do not mean a significant delay in profit growth for Tesla. Jefferies believes that Tesla’s further expansion of Model 3 and Model Y sales through dynamic pricing may limit the range of earnings the company will achieve in 2023 and 2024, but it will be very favorable for its free cash flow and return on invested capital. Jefferies raised Tesla’s operating income forecasts for 2023 and 2024 by 10% and 8%, respectively, and its first quarter is expected to be the trough of Tesla’s earnings.

Jefferies: Maintain Tesla(NASDAQ:TSLA) “Buy” rating and raise its price target to $230 Read Post »

Goldman Sachs Initiates Coverage On Apple (NASDAQ:AAPL) With a Price Target $199

Goldman Sachs Initiates Coverage On Apple (NASDAQ:AAPL) With Buy Rating, Announces Price Target of $199。Goldman Sachs analyst Michael Ng said Apple’s success in hardware design and brand loyalty has led to a growing user install base, which provides visibility into revenue growth. Goldman Sachs noted that Apple’s installed base growth, long-term growth in services and new product innovation should be enough to offset cyclical headwinds in product revenue. Apple’s valuation is attractive compared to historical P/E ratios and peers.

Goldman Sachs Initiates Coverage On Apple (NASDAQ:AAPL) With a Price Target $199 Read Post »

Scroll to Top