US stock futures rise after two weeks of bruising losses

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Evercore ISI Believes Meta Platforms Inc. (META) is Down Due to High Expectations into the Print

April 24, 2024 4:51 PM EDT

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $550.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "Quick Look At Q1 Results: META printed a Beat & Bracket quarter, with Revenue up 27% Y/Y (both reported basis and ex-FX), 1% above the Street, Op Income (implying 37.9% margin) 4% above the Street, and EPS at... More

Morgan Stanley Re-explains it's $310 Price Target on Tesla (TSLA)

April 24, 2024 6:18 AM EDT

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Our PT of $310 is comprised of 6 components: (1) $67/share for core Tesla Auto business on 6.1mm units in 2030, 9.0% WACC, 13x 2030 exit EBITDA multiple, exit EBITDA... More

American Express (AXP) PT Raised to $255 at Evercore ISI

April 24, 2024 5:11 AM EDT

Evercore ISI analyst John Pancari raised the price target on American Express (NYSE: AXP) to $255.00 (from $243.00) while maintaining a In Line rating.

The analyst comments "Revising EPS estimates; Reiterate In Line. Coming out of AXPs 1Q24 results, we are modestly raising our 2024 and 2025 EPS estimates to $13.03 and 14.95 from $12.99 and 14.93. Our EPS revision reflects a more constructive view on NII and... More

Argus on ASML Inc. (ASML): 'Remaining cautious on 2024'

April 22, 2024 1:20 PM EDT

Argus analyst Jim Kelleher reiterated a Buy rating and $1,000.00 price target on ASML Inc. (NASDAQ: ASML).

The analyst comments "Remaining cautious on 2024. ASMLS ADSs dropped 7% in a down market on 4/17/24 after the company topped 1Q24 consensus EPS expectations but experienced weaker bookings, including for... More

Mizuho: Top Pick Meta Platforms (META) ad-tracking solid with conservative expectations

April 22, 2024 12:01 PM EDT

Mizuho remains bullish on Meta Platforms (NASDAQ: META) heading into its upcoming earnings report, citing positive agency tracking for the first quarter of 2024, conservative expectations for the second quarter, and the potential for further operating leverage through increased efficiency.

The report highlights positive... More

American Express (AXP) PT Raised to $253 at RBC Capital

April 22, 2024 6:23 AM EDT

RBC Capital analyst Jon Arfstrom raised the price target on American Express (NYSE: AXP) to $253.00 (from $250.00) while maintaining a Outperform rating.

The analyst comments "We are recapping 1Q results. This was a good quarter with revenues that met expectations, controlled core expenses, and... More

American Express (AXP) PT Raised to $260 at Deutsche Bank

April 22, 2024 4:56 AM EDT

Deutsche Bank analyst Mark DeVries raised the price target on American Express (NYSE: AXP) to $260.00 (from $240.00) while maintaining a Buy rating.

The analyst comments "AXP reported a 1Q24 headline beat driven by lower-than-expected opex and provision, with revenues in-line with consensus, though at the high end of the 9%- 11% guidance range.... More