Tag Archives: analyst

Costco (COST) could be nearing its first increase in membership fees in some five years.  “We believe we are now 8-9 months away from a likely membership fee increase, a historical catalyst for the shares. As is well known, Costco has increased its annual membership fee every five and a half years by $5-10. On this timetable, the next hike would come in August-September 2022. The Gold Star fee would go to $65 from $60 while the Executive membership would move to $130 from $120,” said… Source link

Tesla (TSLA) bulls shouldn’t get too comfy with the company’s market dominance continuing unabated, warns Guggenheim analyst Ali Faghri.  “Our balanced view [on Tesla] is based on: 1) a favorable near-term setup — with demand outpacing supply, we see visibility to volume upside in 2022 and 2023 as new factories in Austin and Berlin ramp; 2) competitive advantage over all original equipment manufacturers today, including a high degree of vertical integration, a software defined vehicle… Source link

The newest Yahoo Finance Company of the Year award winner Microsoft may not be done enriching shareholders, contends bull Dan Ives of Wedbush.  “I think they clearly can hit,” said the widely followed tech analyst on whether Microsoft will hit a $3 trillion market cap in early 2022. Ives rates Microsoft shares at Outperform with a $345 12-month price target.  Microsoft’s stock presently trades at $322 a share. At a market value of $2.42 trillion, Microsoft is only 23% shy of reaching the $3… Source link

Not all airline stocks are created equal in the currently topsy-turvy market environment. Renewed volatility in the airline sector should be considered the short-term new normal as traders assess the risk from the new Omicron variant. But there are a few names in the troubled space to consider as longer term buys if one is able to stomach the near-term wild up-and-down swings. Long-time airline sector analyst Helane Becker of Cowen said in a note to clients on Tuesday she continues to have Buy… Source link

Jack Dorsey logging out as Twitter CEO is a good thing for investors, contends veteran internet analyst Brent Thill at Jefferies. “I think everyone is excited for the change,” Thill said on Yahoo Finance Live. “The company has not achieved its full vision.” Thill rates Twitter’s stock a Hold. Dorsey said Monday he is stepping down as CEO. He will be replaced by CTO Parag Agrawal, who has been with Twitter for more than a decade. “I’ve decided to leave Twitter because I believe the company is… Source link

Zoom (ZM) shares are sinking 17% on Tuesday, despite a better-than-expected quarter on the top and bottom line. The video conferencing company’s stock is under pressure amid fears of a slowdown in virtual meetings as the pandemic eases. “It’s a little bit too much overblown in our view,” said James Fish, senior research analyst at Piper Sandler. The analyst has a $299 price target on the stock. “Just look at Enterprise, which grew 65% on its own, and Commercial Fees, which are still growing at… Source link

Supply chain woes continue to paint an increasingly bleak the picture for the trucking industry, said Jason Seidl, Cowen managing director of industrials — airfreight and surface transportation. Finding workers to drive trucks has increasingly been an issue in the industry, according to Seidl. “Clearly, we’ve had some problems hiring truckers lately,” he said in a segment with Yahoo Finance Live on Wednesday. “I’ve been around the trucking industry almost 30 years, and I’ve never… Source link

Oatly (OTLY) shares are tanking after the oat-milk producer missed revenue expectations for its latest quarter and slashed its sales guidance.  The results were “disappointing, but also transitory,” Cowen senior analyst Brian Holland told Yahoo Finance Live.  Revenue came in at $171.1 million in the third quarter, missing consensus expectations of $185.7 million, based on Bloomberg data. The company forecasts sales will come in at more than $635 million for the year, a downward revision from… Source link

A new Bank of America (BAC) Global Research report found a rising supply of Uber (UBER) drivers was the main driver of the company’s first profitable quarter. “We see Uber as the top Internet stock in our coverage universe for Urban reopening and improving labor conditions and think multiple expansion is possible on market share gains,” BofA analyst Justin Post wrote in the report released Monday. The report noted that a higher-than-expected mobility take rate, which measures how much… Source link

Amazon (AMZN) missed earnings estimates in the third quarter and is expecting more pain in the near term, which one analyst says are a sign that the company is spending now to set itself up for more upside later on. “The most important investment that they’re making is in wages,” Anthony Chukumba, an analyst at Loop Capital, told Yahoo Finance Live (video above). Even after increasing workers’ starting compensation from $15 an hour to over $18 an hour, adding benefits, and creating $3,000… Source link