Ford, Snap report; ESPN, Fox, Warner's sports streaming JV - what's moving markets

Meta Platforms Inc. (META) PT Raised to $575 at Tigress Financial Partners

Tigress Financial Partners analyst Ivan Feinseth raised the price target on Meta Platforms Inc. (NASDAQ: META) to $575.00 while maintaining a Strong Buy rating.

The analyst comments "We reiterate our Strong Buy rating on META and increase our 12-month target price to $575 following another strong quarter and year, along with an additional $50 billion share repurchase authorization and its first-ever dividend as it continues to benefit from ongoing AI-driven digital advertising strength and greater operating efficiency. META is well-positioned to benefit from ongoing innovation; increasing AI... More

Walt Disney (DIS) PT Raised to $104 at Macquarie

Macquarie analyst Tim Nollen raised the price target on Walt Disney (NYSE: DIS) to $104.00 (from $94.00) while maintaining a Neutral rating.

The analyst comments "F1Q results were just about in line on revenue at $23.5bn and ahead on segment OI at $3.9bn... More

Arm Holdings (ARM) PT Raised to $95 at Goldman Sachs 'as royalty rate accretion from v9 transition picks up steam'

Goldman Sachs analyst Toshiya Hari raised the price target on Arm Holdings (NASDAQ: ARM) to $95.00 (from $65.00) while maintaining a Buy rating.

The analyst comments "Arm delivered a strong beat and raise driven by better licensing revenue and expanding royalty rates (i.e.... More

Walt Disney (DIS) PT Raised to $128 at Wells Fargo, 'EPIC Quarter'

Wells Fargo analyst Steven Cahall raised the price target on Walt Disney (NYSE: DIS) to $128.00 (from $115.00) while maintaining a Overweight rating.

The analyst comments "EPIC results. DIS's F1Q24 segment OI beat Street by 12% and Adj. EPS was ahead by... More

Uber Inc. (UBER) PT Raised to $82 at Deutsche Bank, 'We are very encouraged by fundamental trends'

Deutsche Bank analyst Lloyd Walmsley raised the price target on Uber Inc. (NYSE: UBER) to $82.00 (from $58.00) while maintaining a Buy rating.

The analyst comments "Mobility gross bookings growth was strong in 4Q up 28% FXN, with particular strength in LatAm and APAC, and driven in part by growth within the non-UberX portfolio, which was up 80%... More

DA Davidson Downgrades New York Community Bancorp (NYCB) to Neutral, 'Given the Risk of Deposit Outflows'

DA Davidson analyst Peter Winter downgraded New York Community Bancorp (NYSE: NYCB) from Buy to Neutral with a price target of $5.00 (from $8.50).

The analyst comments "Despite issuing a positive update Tuesday night, whereby total deposits increased ~$1.5B to $83B through 2/5 vs. 12/31/23 and total... More

Uber Inc. (UBER) PT Raised to $80 at Evercore ISI

Evercore ISI analyst Mark Mahaney raised the price target on Uber Inc. (NYSE: UBER) to $80.00 (from $75.00) while maintaining a Outperform rating.

The analyst comments "We reiterate our Outperform rating on UBER in the wake of modest Beat & Raise Q4 EPS results. $37.6B in Bookings (up 21% Y/Y ex-FX) came... More

Here's why Uber (UBER) dips 'should get bought' according to Bernstein

Bernstein analysts provided their outlook for Uber (NYSE: UBER) shares in a note this week ahead of the company's investor update, saying that the company's fundamentals now look solid.

The note, headed by analyst Nikhil Devnani, says that anyone pulling up a chart of UBER share price performance in 2023 will consider it "scary" and question what is to come next for the stock.

However, for Bernstein, which... More

Citi on New York Community Bancorp (NYCB): 'Liquidity Good, But See More Pressure on NIM'

Citi analyst Keith Horowitz reiterated a Neutral rating and $7.00 price target on New York Community Bancorp (NYSE: NYCB)

The analyst comments "NYCB is down significantly since earnings and the lower stock price has fueled concerns about pressure on deposits,... More

ESPN, Fox, Warner Bros to launch sports streaming platform; Citi 'incrementally' bullish

Disney's (NYSE: DIS) ESPN, Fox (NASDAQ: FOX), and Warner Bros. Discovery (NASDAQ: WBD) announced on Tuesday their plans to roll out a joint sports streaming service in the fall, introducing a novel option for consumers to access premier live sports.

This service will be managed by a newly established company with a distinct leadership team. Disney,... More