Tag: upgrade
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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 Weakness Was An Opportunity
“Weakness in Take-Two (TTWO) may be an opportunity,” we noted on April 7. “We have to consider most of the negativity has been priced into TTWO after missing its outlook. And we have to remember that Grand Theft Auto VI will be coming soon, and could see substantial sales just as the other GTA releases…
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Here’s Why Apple is Headed to $200 Shortly
Apple is coming back strong, as hoped. Just days ago, we noted, “After falling from about $199.62 to a recent low of $180.17, the oversold tech giant is now back at $186.56. From here, we’d like to see it refill its bearish gap around $192.50 initially. Helping, the company just announced Apple Vision Pro will…
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With Consumers Struggling, Dollar Tree is Surging
Dollar Tree (DLTR) is breaking higher, as hoped. In fact, as we said on Nov. 11, “U.S. consumers are showing big signs of stress again. As a result, we’re starting to see discount retailers do a bit better. After diving from a high of about $155 to $106.45, DLTR has become severely oversold.” At the…
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Weakness in Take-Two May be an Opportunity
Keep an eye on Take-Two Interactive (TTWO). Despite some recent weaknesses, there are substantial catalysts ahead. For one, Grand Theft Auto VI should be out soon and is usually a monster seller. In fact, analysts at Raymond James – which just upgraded the stock to outperform with a $170 price target – say GTA VI…
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Netflix Just Scored Another Upgrade
On Aug. 24, we noted, “Keep an eye on Netflix (NFLX). After finding double-bottom support at $400, the NFLX stock popped to $427.55. Now, if it can break above resistance at $440, it could potentially test $480 again. All thanks to its potential revenue surge from password crackdowns.” At the time, Oppenheimer analysts had an…
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This Solar Stock Could See Another 80% of Upside
Shares of Sunrun (RUN) are on the run. All thanks to a surprise profit of $55.5 million, or 25 cents a share, which was above analyst expectations of 24 cents. Better, according to President and CEO Mary Powell, “Recent sales performance in California is encouraging and sales growth outside of California remains robust, allowing us…
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There’s Still Time to Buy the Dip in Albemarle
“Pay close attention to oversold lithium stocks, like Albemarle (ALB),” we said on July 31. “After dropping from about $240 to $209.13, the ALB stock appears to have caught strong support and could pivot higher again shortly. It’s also oversold on RSI, MACD, and Williams’ %R, and could potentially run back to $240 on the…
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Upgrade Could Send Shopify Back to $71
Keep an eye on Shopify (SHOP). After a brief pullback, the stock is turning higher. All after MoffettNathanson analysts turned bullish based on the e-commerce software provider’s potential to serve large retailers, rather than just the smaller sellers, as noted by Barron’s. The firm raised its rating to outperform from market perform, with a price…
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Here’s Why Carnival Stock is on the Rebound
Keep an eye on Carnival (CCL). The company just said future bookings hit record volumes, and reported an increase in demand. According to a company press release, the company is “enjoying a phenomenal wave season, achieving our highest ever quarterly booking volumes and breaking records in both North America and Europe. Our strong performance has extended into March…