Nato Allies Sign $50b In Defense Industry Deals In Ankara - Bloomberg
Investing.com -- Bank of America reinstated coverage of Shopify with a Buy rating and a $150 price objective, arguing the company is positioned to benefit from the shift toward AI-driven agentic commerce.
The price target implies a 22 times 2027E enterprise value to gross profit multiple, a premium to the software peer group average of 18.1x. But analyst Tal Liani said the premium is justified by Shopify’s faster revenue growth expectations, with the bank modeling 28.3%... (continue reading...)
Investing.com -- Wolfe Research initiated coverage of Ferrari with an Outperform rating and a €382 price target on Tuesday, arguing the luxury automaker's growth targets are too conservative and that new model launches will drive above-consensus revenue acceleration from 2027.
Analyst Emmanuel Rosner said Ferrari "has significantly underperformed since its 2025 Capital Markets Day," when the company issued a 5% compound annual growth rate target for 2025-2030 that came... (continue reading...)
Investing.com - American consumers grew modestly more optimistic in June as gasoline prices retreated sharply from spring peaks, though the mood lift was narrow enough that one Conference Board economist summed it up bluntly: "It's not that things are getting better. Things are getting less bad."
The Conference Board Consumer Confidence Index edged up to 91.2 in June from a downwardly revised 90.6 in May, missing the economists' consensus forecast of 94.2 and logging the... (continue reading...)
Investing.com -- Bank of America reinstated coverage of Figma with a Buy rating and a $30 price target on Tuesday, arguing that fears over generative AI disrupting the design software company have been overdone and that the stock's 85% decline from its 52-week high presents an attractive entry point.
Analyst Tal Liani said the firm takes "a more constructive view" on AI's impact, believing it is "more likely a tailwind, not a headwind" for Figma.
While AI can accelerate... (continue reading...)
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