European stocks rise; Tesla earnings boost global sentiment
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Colgate-Palmolive (CL) tops Q1 expectations, raises sales guidance
April 26, 2024 7:03 AM EDTColgate-Palmolive (NYSE: CL) shares climbed 3% following the release of their first-quarter earnings, which surpassed analyst expectations. The company reported an adjusted EPS of $0.86, which was $0.05 higher than the consensus estimate of $0.81. Revenue for the quarter was also above expectations at $5.07 billion, compared to the estimated $4.96 billion.
The company's net sales saw a 6.2% increase, and organic sales grew by 9.8%, signaling robust performance across all divisions and categories. This... More
What's next for natural gas prices? Goldman Sachs weighs in
April 25, 2024 8:53 AM EDTRecent trends in the natural gas market suggest a potential moderation in Henry Hub prices, according to insights from Goldman Sachs. Henry Hub is a natural gas pipeline located in Erath, Louisiana. It serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX).
Goldman Sachs explains that despite US gas production slightly lagging behind expectations, particularly in the Gulf region, a combination of factors, including maintenance activities, well shut-ins, and production declines driven by low investments have influenced market... More
Meta Platforms Inc. (META) PT Raised to $562 at Rosenblatt, 'Squishy-ish guidance'
April 25, 2024 6:31 AM EDTRosenblatt analyst Barton Crockett raised the price target on Meta Platforms Inc. (NASDAQ: META) to $562.00 (from $520.00) while maintaining a Buy rating.
The analyst comments "Squishy-ish guidance -- The revenue growth outlook for 2Q24 -- up 14% to 22% Y/Y -- is strong, but decelerating, reflective of comps that get 8 percentage points tougher Q/Q, and also of a 3 percentage point tougher foreign exchange backdrop and the lack of 1Q24's... More
Meta Platforms Inc. (META) PT Raised to $520 at MoffettNathanson, 'a more attractive entry point for Meta investors'
April 25, 2024 6:23 AM EDTMoffettNathanson analyst Michael Nathanson raised the price target on Meta Platforms Inc. (NASDAQ: META) to $520.00 (from $185.00) while maintaining a Buy rating.
The analyst comments "Management guided to second quarter 2024 revenues in the range of $36.5 to $39 billion, which at the midpoint of $37.75 billion implies year-over-year growth of +18%. Yes, that is a marked deceleration from the... More
Tesla (TSLA) PT Raised to $136 at Deutsche Bank
April 25, 2024 6:13 AM EDTDeutsche Bank analyst Emmanuel Rosner raised the price target on Tesla (NASDAQ: TSLA) to $136.00 (from $123.00) while maintaining a Hold rating.
The analyst comments "The strong positive market reaction to Teslas mixed Q1 print, in our view represented some relief that Tesla is not completely giving up on selling... More
Meta Platforms Inc. (META) PT Lowered to $500 at Deutsche Bank
April 25, 2024 5:32 AM EDTDeutsche Bank analyst Leo Horowitz lowered the price target on Meta Platforms Inc. (NASDAQ: META) to $500.00 (from $540.00) while maintaining a Buy rating.
The analyst comments "Meta is entering an investment cycle. We have been here a couple of times before, and each time it ended the same waygood for META's longer-term equity value. This time, Meta is making bigger investments in AI than we anticipated, which will likely result in Capex being much higher, for far... More
Meta Platforms Inc. (META) PT Raised to $510 at Roth/MKM, 'Buy On Weakness; AI Moat Now Deeper'
April 25, 2024 4:58 AM EDTRoth/MKM analyst Rohit Kulkami raised the price target on Meta Platforms Inc. (NASDAQ: META) to $510.00 (from $500.00) while maintaining a Buy rating.
The analyst comments "META shares were down as much as -15% last night despite a clean beat on 1Q expectations and... More
Meta Platforms Inc. (META) PT Lowered to $570 at RBC Capital
April 25, 2024 4:45 AM EDTRBC Capital analyst Brad Erickson lowered the price target on Meta Platforms Inc. (NASDAQ: META) to $570.00 (from $600.00) while maintaining a Outperform rating.
The analyst comments "META's Q1 was solid in terms of top-line/ad demand trends - the issue is an accelerated, multi-year AI... More
Evercore ISI Believes Meta Platforms Inc. (META) is Down Due to High Expectations into the Print
April 24, 2024 4:51 PM EDTEvercore 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
Analysts preview Alphabet (GOOGL) EPS
April 24, 2024 2:30 PM EDTAlphabet (NASDAQ: GOOGL) is set to report its latest quarterly earnings on Thursday, April 25. Ahead of the release, analysts at both Bernstein and Jefferies provided their thoughts on the stock.
Bernstein said in its note that while folks have been warming up to Google over the past month, longer-term... More
HSBC says Microsoft's valuation remains 'attractive'
April 24, 2024 9:06 AM EDTIn a note to clients Wednesday, HSBC said that Microsoft's (NASDAQ: MSFT) current valuation is attractive due to its strategic focus on monetizing its artificial intelligence (AI) initiatives.
The endorsement comes in light of Microsoft's pivotal partnership with Coca-Cola, where AI adoption has played a role in expanding the collaboration from a... More
Microsoft's (MSFT) next-quarter guidance may be 'prudent' - Jefferies
April 24, 2024 7:53 AM EDTIn a note Wednesday, analysts at Jefferies told investors that they expect Microsoft's (NASDAQ: MSFT) F4Q guide to be "prudent." Microsoft will post its latest quarterly earnings on Thursday, April 25.
The investment firm, which has a Buy rating and $550 price... More
Roth/MKM Reiterates $85 PT on Tesla (TSLA), Issues Negative/Cautious Comments on 'Stretched' Valuation
April 24, 2024 6:38 AM EDTRoth/MKM analyst Craig Irwin reiterated a Neutral rating and $85.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Tesla posted a 1Q24 miss and pulled forward a low-cost vehicle launching before 2H25 to be based on existing vehicle platforms. RoboTaxi unveiled... More
Tesla (TSLA) PT Lowered to $293 at RBC Capital
April 24, 2024 6:32 AM EDTRBC Capital analyst Tom Narayan lowered the price target on Tesla (NASDAQ: TSLA) to $293.00 (from $294.00) while maintaining a Outperform rating.
The analyst comments "With "Model 2" not only back on track, but accelerated, fears of ''no growth for years'' have... More
Morgan Stanley Re-explains it's $310 Price Target on Tesla (TSLA)
April 24, 2024 6:18 AM EDTMorgan 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
