Tag Archives: analyst

GameStop Chairman Ryan Cohen has a long way to go before being mentioned in the same breath as investing legend Warren Buffett. At least that’s the hot take from top Wall Street analyst Anthony Chukumba of Loop Capital Markets, who famously dropped coverage of GameStop in early 2021 amid the meme stock frenzy. “I am not taking anything away from Ryan Cohen. He has at least three zeros in his net worth more than I do. He founded this company Chewy and sold it for a gazillion dollars. But let’s… Source link

Rite Aid’s (RAD) outlook is a hot mess — so hot the company may not be in business much longer. At least that’s the word from Deutsche Bank analyst George Hill, who issued a damning downgrade of the struggling retailer on Thursday. Hill slashed his rating on Rite Aid to Sell and slapped the stock with a $1 price target. Most worrisome — at least if one still owns Rite Aid’s stock — is that Hill suggests Rite Aid may go under. “We see a likely risk that the company provides guidance next… Source link

U.S. equity markets endured a gnarly first quarter. All three major indexes logged their worst performance in two years as rising interest rates, geopolitical tensions and supply-chain disruptions dampened investor sentiment. But even against that backdrop, Wall Street pros stayed bullish on stocks. According to new data from FactSet, analysts had the most Buy ratings on stocks in the S&P 500 as a percentage of their total ratings during February and March in over a decade. Of 10,821 ratings… Source link

All eyes are on AT&T’s (T) WarnerMedia spinoff with Discovery (DISCA). “This is going to be the most exciting story in the sector for the next few years,” Jessica Reif, research analyst at Bank of America, confidently told Yahoo Finance. The telecom giant revealed it will issue a special dividend to shareholders on April 5 when they can decide whether to own just AT&T, the soon-to-be Warner Bros. Discovery, or both. AT&T’s WarnerMedia will represent 71% of Warner Bros. Discover, and its… Source link

Marvell (MRVL), Broadcom (AVGO), AMD (AMD), Analog Devices (ADI), Nvidia (NVDA) GlobalFoundries (GFS), and On Semiconductor (ON) are the stocks best positioned to navigate what appears to be a tricky market for semiconductors in the near future, says Bank of America (BAC) Analyst Vivek Arya. While the triple-A acronym might not be as well-known as some other stock group acronyms, MAAANGO stocks represent tech stocks with relatively resilient supply chains in a semiconductor industry that has… Source link

Step aside Apple and Google, Nvidia may be the new king of tech, one analyst contends. “Nvidia may be the most technology company today,” said Evercore ISI analyst C.J. Muse in a new note on Monday. The analyst reiterated an Outperform rating on Nvidia with a $375 price target. Shares of Nvidia rose slightly in afternoon trading Monday to $277. Muse’s upbeat take on Nvidia comes hot on the heels of the company’s closely watched analyst day, where it held nearly 1,000 sessions that included more… Source link

Google (GOOG, GOOGL) recently revealed a pilot program that will allow Spotify (SPOT) users to circumvent Google Play’s billing system. Spotify is among the companies that have publicly fought against Google and Apple’s hold on their respective app stores. Apple takes a 30% commission on app and in-app purchases for larger developers, while Google Play takes either a 30% or 15% commission, depending on a variety of factors. This seems like a small but substantial turning point for… Source link

Tesla’s (TSLA) Berlin Gigafactory is now live, and it will be super important to the EV giant’s future, analysts say. On Tuesday, the factory received CEO Elon Musk, who presented customers with the first Model Ys made at the facility. Tesla’s new factory is 20 or so miles southeast of the German capital and houses roughly 10,000 employees. The factory cost north of $5.5 billion to construct. “We view the opening of Giga Berlin as one of the biggest strategic endeavors for Tesla over the last… Source link

GameStop (GME) shares fell 7% Thursday after the video game retailer reported lackluster fiscal fourth quarter earnings results. The company reported an adjusted operating loss of $160.7 million, compared to a profit of $28.9 million a year ago. The quarter was supposed to be a strong one since it includes the busy holiday shopping season when GameStop has historically made money. But instead the earnings results shed light on aggressive spending for strategic initiatives, such as plans for… Source link

Main Street banking is poised to see the best growth since the 1980s, when Madonna and Michael Jackson were on MTV, Ronald Reagan was in office, and everyone had long hair and wore neon attire. And Bank of America (BAC) will be the biggest winner. That’s according to Wells Fargo analyst Mike Mayo, who told Yahoo Finance Live on Thursday that traditional banking revenue will grow the same way it did in the 1980s, creating a boom for the industry in the next three years. Moreover, BofA stands… Source link