Tag Archives: analysts

TipRanks Goldman Sachs: These 2 Stocks Are Poised to Double (or More) The new week kicked off on a negative note, as all 3 major indexes pulled back from record highs. After applauding recent strong economic data, the worsening global coronavirus situation appeared to have soured investor sentiment. But according to Goldman Sachs chief US equity strategist David Kostin, investors shouldn’t get too worked up. The overall trend remains upward, and Kostin points out that volatility – the… Source link

Bloomberg TikTok Founder’s $60 Billion Fortune Places Him Among The World’s Richest People (Bloomberg) — Just last year, the world’s most valuable startup, ByteDance Ltd., was being squeezed from all sides.The Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets. Beijing was cracking down on tech businesses, and India blacklisted some of its social-media apps.For all the obstacles, ByteDance kept growing. Now its… Source link

Equities researchers at New Street Research started coverage on shares of Yandex (NASDAQ:YNDX) in a report issued on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $81.00 price target on the information services provider’s stock. New Street Research’s target price would indicate a potential upside of 25.12% from the company’s current price. Several other analysts have also recently issued reports on YNDX. HSBC cut shares of Yandex from a “buy” rating to a “hold” rating and… Source link

Smart stock investing shouldn’t be emotional, but investors are only human, after all, making it difficult to follow a rational trading strategy. Investors should remember the advice of Warren Buffett: “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” What Buffett is advocating is the oldest of market advice: buy low and sell high. Taking this into consideration, we set out on our own search for compelling investment opportunities… Source link

Both the S&P 500 and the Dow Jones average have closed at record highs, and the NASDAQ has reversed the brief foray it took into correction territory in the second week of March. The market gains reflect several factors: relief that the $1.9 trillion COVID aid bill passed Congress and was signed by the President; a general optimism that the ongoing vaccination program will allow a normal economic environment sooner rather than later; and a growing sense that recent inflationary indicators… Source link

Yandex (NASDAQ:YNDX) has received an average rating of “Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $62.83. YNDX has been the subject of a number of recent research reports. TheStreet downgraded shares of Yandex… Source link

A $500 million deal with search-engine giant Google has once again brought the limelight back on Infosys, strengthening the belief that large deal momentum continues to be strong for this Indian IT bellwether, which could translate into a windfall for its shareholders. A report in the Economic Times stated that Infosys has won a $500 million deal from Google to provide customer experience and engineering support for its product…. Source link

Bitcoin swiftly lost altitude early on Monday, dropping over 15% to below $50,000 before rebounding somewhat. The downward price movement came after bitcoin reached new record highs above $58,300 over the weekend. The drop seemed to accelerate as U.S. Treasury Secretary Janet Yellen, speaking at a New York Times event, described bitcoin as “highly speculative asset” that is extremely inefficient for transactions. Yellen also called the amount of energy consumed in processing those… Source link

Shares of Yandex (NASDAQ:YNDX) have been given an average recommendation of “Buy” by the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $59.07. Several equities research analysts have weighed in on the company. The Goldman Sachs… Source link

Some traditions are too time-honored to shirk, and on Wall Street, the annual ‘top picks’ are one. Usually made at the very end or very beginning of a year, the Street’s analysts publish reviews on the stocks they believe will show the best performance in coming months – their top picks. The analysts have been analyzing each stock carefully, looking at its past and current performance, its trends on a variety of time frames, management’s plans – they take everything into account…. Source link