Tag Archives: analyst

Despite pulling back a bit from its all-time high earlier this year, ethereum (ETH-USD) still has a shot to hit $10,000 by year’s end, according to one analyst who has been right so far this year.  Magnetic Managing Director Megan Kaspar, who called ether’s tripling to top $3,000 back when it was still closer to $1,000 in January, told Yahoo Finance Friday that the second-largest cryptocurrency by market cap could still hit her $8,000 to $10,000 price target in 2021. “Investors are still… Source link

If Amazon (AMZN) truly wants to get into the department store business, it may have an easier option to consider than trying to build out large locations across various parts of the country.  In fact, the option would be pretty turnkey, fancies one long-time retail strategist. “Amazon should be out there buying Kohl’s. They’ll get their 1,000 stores in one felt swoop, and they can put anything they want into them. The stores on average are 25,000 square feet bigger than they need to be,”… Source link

The latest congressional infrastructure bill, which includes provisions on the regulation of crypto assets, could help legitimize cryptocurrencies within the mainstream financial community, says MoffettNathanson Partner Lisa Ellis. “What’s been holding up the crypto ETFs is that the SEC has very stringent requirements for things like liquidity, transparency, price stability,” Ellis said. “[There are] very well-established rules when it comes to stock investing,” she said. “Those same… Source link

Tesla (TSLA) beat analysts’ expectations when it reported earnings Monday afternoon, posting a profit of $1.1 billion and making a record-setting number of deliveries for the quarter. But one analyst told Yahoo Finance that the electric car company still has more room to grow next year. Deutsche Bank Lead Tech and Auto Technology Analyst Emmanuel Rosner noted that Tesla worked relentlessly to cut the costs of its vehicles and to offer cutting-edge battery technology.  “We truly think this is… Source link

The logo of Alphabet Inc’s Google outside the company’s office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Alphabet has handily outperformed its megacap tech peers this year, and analysts remain bullish on the stock ahead of the company’s second-quarter earnings results on Tuesday afternoon. Wall Street firms expect Google’s parent company to show continued recovery in Search advertising as well as accelerating ad revenue from YouTube. Source link

One of the newer members of the meme stock movement of 2021— Wendy’s — has more opportunities to sizzle.  That’s the good word from Guggenheim analyst Gregory Francfort, who initiated coverage of Wendy’s (WEN) on Tuesday with a Buy rating and $26 price target. At current prices, the analyst is looking for an approximate 20% upside move in shares of the square-shaped burger serving chain.  Shares of Wendy’s are up 5% year-to-date, giving back a good portion of the gains that happened in… Source link

Tesla, Inc. (NASDAQ: TSLA) recently launched the subscription option for full self-driving. Loup Ventures Managing Partner Gene Munster offered his take on what this means for the company. FSD Can Move The Financial Needle: The subscription option can accelerate FSD adoption, given the cost shifts from $10,000 upfront to $200 per month, or $99 for cars that already have advanced Autopilot, Munster said in the note. This, according to the analyst, is an important step along the long-term path… Source link

Delays for the regulatory filings of its Covid-19 vaccine NVX-CoV2373 (NUVAXOVID) have meant Novavax (NVAX) has been unable to get its offering out to the public yet. You would think that with other leading players firmly planted in the public and health policy makers’ consciousness, maybe the opportunity has already passed for last year’s outstanding performer. However, in late-stage studies, the vaccine’s data has shown to be just as good as those of the leading approved vaccines…. Source link

Moderna, which has seen its stock surge 250% over the past year as it helps vaccinate the world from the coronavirus, will officially enter the S&P 500 on July 21. The news sent shares popping more than 8% to $282 in Friday’s session as the stock will likely be purchased by fund managers who benchmark to the S&P 500. But Jefferies analyst Michael Yee tells Yahoo Finance Live he thinks the run in Moderna stock (MRNA) is far from done.  “Moderna is the Tesla of biotech,” says Yee, pointing to… Source link

Netflix (NFLX) recently announced it’s moving into the gaming sector with the hire of a 30-year gaming industry veteran, former EA (EA) and Oculus executive Mike Verdu. However, some experts believe that the move into the cutthroat gaming industry won’t pan out for the content platform. “This thing is dead on arrival. It will not work,” Michael Pachter, senior analyst at Wedbush, told Yahoo Finance Live. “Have me back and we’ll talk about Mike Verdu’s departure and the exit of Netflix… Source link