Tag: Piper Sandler
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This Could Be a Major Catalyst for Microsoft
Keep an eye on Microsoft (MSFT). Last trading at $336.63, the tech giant could see higher highs. All on the release of its M365 CoPilot. According to Piper Sandler, as quoted by CNBC, ““We see the formal release of M365 Copilot this week as an ‘iPhone moment’ for MSFT as part of a broader strategy…
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Okta About to Refill its Bearish Gap
On March 2, we noted, “Keep an eye on Okta (OKTA). After Cowen analysts upgraded the stock to an outperform rating from market perform, with a $70 price target, the stock took off. Since the start of 2023, OKTA ran from about $60 to $81 so far. From here, we’d like to see it initially…
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Target (TGT): It May be Time to Buy the Blood in the Streets
Target (TGT) may finally be bottoming out. All after the stock suffered through a brutal 2022. But that’ll happen with sky-high inflation, fears of a recession, and Americans living paycheck to paycheck. Things were so bad for Target that it missed third-quarter EPS with a print of $1.54, which was below expectations for $2.16. Margins…
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Weakness in Lithium Americas Still an Opportunity
Weakness in lithium stocks, like Lithium Americas (LAC) is proving to be temporary. Still oversold on RSI, MACD, and Williams’ %R, LAC should continue to benefit from a lithium supply-demand imbalance. Analysts seem to like the LAC stock, too. Deutsche Bank raised its price target on the stock to $36 from $33, with a buy…
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Why First Solar Just Hit a New 52-Week High
First Solar (FSLR) caught fire. All after Bank of America reiterated a buy rating on the stock, with a price target of $165. While the company recently missed on earnings and revenue, the firm believes First Solar’s prospects are among the best in the solar sector. They also believe the stock will benefit from the…
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Why Dollar General May be Worth Buying
With inflation on the run, watch Dollar General (DG). Typically, it’s a solid stock when inflation runs amok, and when markets pullback. According to CNN, “Middle-income and wealthier shoppers, pinched by inflation, are shopping more at Dollar General for essentials and discretionary items. Dollar General CEO Todd Vasos said the retail giant has been attracting customers…
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Crisis Could Lead to Opportunity in PayPal and Square
Investors may want to avoid PayPal Holdings (PYPL) and Square (SQ) at the moment. For one, both are technically stretched. Square for example is plunging from its upper Bollinger Band (2,20), and from severely overbought RSI, MACD, and Williams’ %R. From a current price of $214, it could fall to test support at its 50-day…