4 big analyst picks: Rivian upgraded to Neutral, stock gains on positive headlines
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Amazon (AMZN) Prime Day discounts and fast delivery to drive share gains - BofA
July 10, 2023 10:24 AM EDTBofA estimates Amazon (NASDAQ: AMZN) Prime Day could generate $12 billion in gross merchandise value (GMV), analyst Justin Post revealed Monday.
Prime Day is set to take place between the 11th and 12th of July, with customers gaining access to "more deals than any past Prime Day," with new deals... More
NVIDIA (NVDA) PT Raised to $560 at Tigress, 'emerges as a core holding in the generative AI investment theme'
July 7, 2023 10:13 AM EDTTigress Financial Partners analyst Ivan Feinseth raised the price target on NVIDIA (NASDAQ: NVDA) to $560.00 while maintaining a Buy rating.
The analyst comments "
We reiterate our Buy rating on NVDA and increase our 12-month target price to $560 as NVDA emerges as a core holding in the generative AI investment theme and remains at the forefront of generative AI technology development across all aspects of implementation that will continue to drive a new AI-driven business upcycle, revenue and cash flow growth, and greater shareholder value creation. NVDA will be a major beneficiary of the... More
Simon Property Group (SPG) trades at a discount, now seen as a buy at Wolfe Research
July 6, 2023 1:42 PM EDTSimon Property Group (NYSE: SPG) was lifted to Outperform from Peer Perform, with a price target of $127 per share at Wolfe Research on Thursday.
Analyst Andrew Rosivach told investors in a note that the company is "running out of competitors."
"We expect... More
Judge says Rivian (RIVN) must face lawsuit claiming it defrauded IPO investors
July 6, 2023 1:32 PM EDTU.S. District Judge Josephine Staton in Los Angeles has decided that Rivian Automotive (NASDAQ: RIVN) must face a lawsuit claiming it defrauded shareholders during and after its blockbuster 2021 initial public offering. According to the lawsuit filed by lead plaintiff Sjunde AP-Fonden, on behalf of shareholders from Nov. 10, 2021 to March 10, 2022, Rivian underpriced its electric vehicles, leading to unpopular price hikes.
Judge Straton indicated that shareholders can attempt to demonstrate that Rivian, despite... More
