Bank of America : Raised Etsy (Nasdaq:ETSY) price target to $153 to maintain a neutral rating

/ / Consumer Discretionary / ,

Bank of America Securities raised its price target on Etsy (Nasdaq:ETSY) to $153 from $145 and maintained its neutral rating on the stock after the company reported fourth-quarter earnings that topped market expectations as revenue was boosted by GMS increments and higher pickup rates driven by site-wide improvements. The analyst reiterated its neutral rating on the stock because growth is expected to be below historical levels, which he believes could limit multiple expansions. But he added that he was encouraged by the expectation that new and reactivated buyers would drive sequential growth in active customers.

Bank of America : Raised Etsy (Nasdaq:ETSY) price target to $153 to maintain a neutral rating Read Post »

Morgan Stanley: JPMorgan’s market cap is expected to break through the trillion-dollar mark

/ / Financials / ,

Morgan Stanley analyst Betsy Graseck said that if a so-called soft landing is achieved with interest rates remaining high for longer, the largest U.S. bank would benefit from higher net interest income, as well as higher fees and improved efficiency, and the stock is an “undervalued rate-related stock.” JPMorgan’s market capitalization is expected to more than double to $1 trillion by 2030, cementing the latter’s position as the largest bank by market capitalization in the United States.

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Truist Securities: Raised Etsy (Nasdaq:ETSY) price target to $150 Maintain Buy rating

/ / Consumer Discretionary /

Truist Securities analyst Naved Khan raised Etsy’s (Nasdaq:ETSY)  price target to $150 from $125 and maintained a buy rating on the stock. The company posted stronger-than-expected fourth-quarter results and provided a further normalized first-quarter outlook. The analyst added that Etsy’s guidance is also “more conservative” given the potential risks to consumer spending from high inflation, rising interest rates, macro weakness and currency headwinds.

Truist Securities: Raised Etsy (Nasdaq:ETSY) price target to $150 Maintain Buy rating Read Post »

Goldman Sachs (NYSE:GS) Authorizes $30 Billion Share Repurchase Program

/ / Financials /

Goldman Sachs (NYSE:GS) announced Friday that it had authorized a new share repurchase program of up to $30 billion. In a filing with the Securities and Exchange Commission Friday, Goldman Sachs said its board of directors approved a new share repurchase program to replace its existing one. The repurchase program has no set expiration or termination date.

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Netflix (NASDAQ:NFLX) Cut Subscription Prices by Up to 50% in More Than 100 Countries

/ / Consumer Discretionary /

Netflix (NASDAQ:NFLX) has cut prices for streaming services in more than 100 countries, mostly in low-income areas with relatively few subscribers. A Netflix spokesperson said: “We are always looking at ways to improve the member experience. You can confirm that we are updating subscription plan pricing in select countries. According to independent research firm Ampere Analysis, Netflix’s base subscription price cut the most, reaching nearly 50%; Price reductions for other tiers range from 17% to 25%. The agency said Netflix’s price increase affected more than 10 million subscribers.

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Morgan Stanley: Tesla (NASDAQ:TSLA) the launch of ultra-low-priced

/ / Consumer Discretionary / ,

Morgan Stanley analysts expect Tesla (NASDAQ:TSLA) to launch a suite of technologies at ultra-low prices at an ultra-low price at the March 1 investor day to help promote the mass adoption of electric vehicles, which will be a key to the “third chapter of Tesla’s grand plan.” It noted that this Tesla investor day is likely to influence the market’s perception (and final valuation) of other brands of electric vehicles. Morgan Stanley analysts have given Tesla stock a “buy” rating with a $220 price target.

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Intel CEO responds to 3nm delay rumors that projects have been announced and will all be released in 2024

/ / Technology /

According to industry sources, Intel decided to postpone TSMC’s 3nm chip orders to the fourth quarter of 2024. Therefore, some users believe that new processor products based on Intel 3 and TSMC N3 processes will be delayed. In this regard, Intel CEO Pat . Kissinger said all the 3nm projects that have been announced so far will be released in 2024. At present, Intel has disclosed three products that will use 3nm-level processes, including the Arrow Lake, Granite Rapids and Sierra Forest series.

Intel CEO responds to 3nm delay rumors that projects have been announced and will all be released in 2024 Read Post »