Oppenheimer

Oppenheimer Maintains Netflix (NASDAQ:NFLX) Outperform rating with a $415 price target

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Oppenheimer analyst Jason Helfstein noted that Netflix (NASDAQ:NFLX) shares are down 22 percent from their highs since the fourth quarter of last year, as the stock is now at an attractive level due to concerns about higher churn and slower ad placement due to password sharing. Netflix’s engagement trend in the first quarter was weaker … Read more

Oppenheimer raised its price target on Meta Platforms (NASDAQ:META) to $260 from $235

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Oppenheimer raised its price target on Meta Platforms (NASDAQ:META) to $260 from $235 and maintained its “outperform” rating on the stock. Meta announced a new round of layoffs of about 10,000 people on Tuesday and will close about 5,000 additional unfilled positions in the past six months. As a result of this news, analysts raised … Read more

Oppenheimer: Maintains Intel (NASDAQ:INTC) in line with the broader market rating

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Oppenheimer analyst Rick Schafer said that given the current business situation and cash outlays, the news that Intel (NASDAQ:INTC) announced a dividend reduction is not surprising. The analyst acknowledged that Intel has taken steps to reduce dividends to achieve its leadership in processes and regional manufacturing, still believes management is in “proof mode” and that … Read more

Oppenheimer: Gives Walmart (NYSE:WMT) an outperform rating with a $160 price target

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Oppenheimer analyst Rupesh Parikh said the health of Walmart’s (NYSE:WMT) business looks stronger than the company expected, with larger grocery store share growth, healthy growth in other revenue streams and tighter controls on capital spending. The analyst believes that management’s 2-2.5% sales growth guidance for Walmart in the United States is conservative given its stronger … Read more