Tag: UBS
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This is Why Analysts are Still Bullish on Best Buy
Keep an eye on Best Buy (BBY). After bottoming out at around $70, the stock exploded to a recent high of $91.60. While over-extended to the upside, the run may be far from over. Analysts at UBS just upgraded the stock to a buy rating with a price target of $106. “Over the next 18…
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Take-Two Interactive is a Top Pick for 2024
With major catalysts ahead, Take-Two Interactive (TTWO) could push higher. For one, it’ll join the NASDAQ-100 on December 18. Two, the gaming stock is exploding in anticipation of the latest Grand Theft Auto release, which could do about a billion dollars in sales within weeks of its launch. In fact, for an idea of how…
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Here’s Why XPEV Just Turned Lower
Xpeng (XPEV) is on the move. All after Volkswagen announced it will invest $ 700 million in the company to develop EVs together, we noted on July 26. At the time, the stock traded at around $18 a share, and would race to a high of $23.62. Now, after pricing in the Volkswagen news, it’s…
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Top Reasons to Own Advanced Micro Devices Heading into 2023
Shares of tech giant Advanced Micro Devices (AMD) were crushed this year. After starting the year around $151, it sank to a low of about $57. All thanks to broad market weakness, inflation, fears of recession, price target cuts, plunging PC demand, you name it. That’s the bad news. The good news is the future…
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Smoother Sailings Ahead for Cruise Stocks?
Keep an eye on cruise line stocks. Earlier this week, UBS upgraded Norwegian Cruise Line Holdings (NCLH) to a buy rating thanks to significant improvements in bookings. Better, Norwegian just told investors that its occupancy rates would jump to about 82% in Q3 2022 from 65% in Q2 2022. With that, UBS analysts said the…
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What Just Happened to Netflix?
If you’re thinking of buying Netflix (NFLX), don’t. Unfortunately for NFLX, the pain may last awhile. Not only did the company just report its first subscriber loss in about 10 years, analysts are out with reduced price targets. Wedbush just lowered its price target from $342 to $280. Evercore ISI just lowered its from $525…
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Amazon.com Could Rally to $4,700 in 2022
Amazon.com (AMZN) could be a $4,700 stock in 2022. Thanks to accelerating revenue growth, and higher margins, analysts at UBS now has a buy rating and a 12-month price target of $4,700 on the stock. “We expect Amazon shares to re-rate ahead of 2H22 when we see revenue growth and higher margins driving estimate revisions…
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Weakness in Beyond Meat Could be an Interesting Opportunity
Keep an eye on Beyond Meat (BYND). Over the last few days, the plant-based stock fell more than $5 a share after COVID-19 took a bit out of earnings. The company posted a loss of $19.3 million, or 31 cents a share, as compared to net income of $4.1 million, or six cents a share…