Tag: buy rating

  • This is Why Advanced Micro Devices Exploded Today

    This is Why Advanced Micro Devices Exploded Today

    Oversold shares of Advanced Micro Devices (AMD) are starting to bounce back strong.  All after analysts at Jefferies initiated coverage of AMD with a buy rating, with a price target of $190 a share. AMD even just replaced Nvidia on the Wolfe Research Alpha List. “Our views on NVDA and AMD haven’t changed, but the…

  • Weakness May be an Opportunity in Super Micro Computer Stock

    Weakness May be an Opportunity in Super Micro Computer Stock

    Over the last few months, Super Micro Computer (SMCI) exploded from a low of about $300 to a high of $1,229. Then, when the company wouldn’t provide preliminary earnings results, the stock gapped to about $664 a share. However, it appears the stock could push higher again after catching support at its 100-day moving average,…

  • Here’s Why Block is Still Exploding Higher

    Here’s Why Block is Still Exploding Higher

    Block (SQ) is on the run, as hoped. As we noted on March 27: Just days ago, the SQ stock took a $10 header on a Hindenburg short report allegation that Square has “systematically taken advantage of the demographics it claims to be helping.” However, it looks like most of the negativity has been priced…

  • Beaten Down Shares of DOCU are a Buy

    Beaten Down Shares of DOCU are a Buy

    DocuSign (DOCU) is showing signs of life. At the moment, the stock is up about $2.25 after Jefferies said it’s a buy. In fact, analyst Brent Thill reiterated his buy rating, with a price target of $80 from $70. As noted by Barron’s, “Thill said there are opportunities for DocuSign to sell more products to…

  • Here’s Why Fastly is Up 30% Today

    Here’s Why Fastly is Up 30% Today

    Investors may want to keep an eye on Fastly (FSLY). At the moment, the FSLY stock is up about 30% on a volume spike to 21.1 million shares, as compared to daily average volume of 3.04 million. All thanks to a double upgrade ahead of earnings, and an analyst note the stock could run another…

  • Here’s Why DraftKings Could Soon Rally to $100 a Share

    Here’s Why DraftKings Could Soon Rally to $100 a Share

    Online gambling and sports betting could send DraftKings (DKNG) to $100 share. That’s according to Loop Capital analyst Daniel Adam who now has a buy rating on the stock because of a $30 billion addressable sports wagering and gaming market. In addition, he says DKNG is the play on the online sports better boom and…