US stock futures flat as tech rally cools, Fed meeting looms

AMD (AMD) PT Lowered to $170 at Cantor Fitzgerald

Cantor Fitzgerald analyst C.J. Muse lowered the price target on AMD (NASDAQ: AMD) to $170.00 (from $190.00) while maintaining a Overweight rating.

The analyst comments "At the heart of investor disappointment is lack of earnings leverage upside vis-à-vis consensus for all of CY24. The MI300 ramp is truly impressive, but supply constraints (mgmt. raised guide to $4B, we are hearing sufficient HBM for $5-6B) are limiting a vision for even greater upside where... More

PayPal (PYPL) PT Raised to $84 at RBC Capital

RBC Capital analyst Daniel Perlin raised the price target on PayPal (NASDAQ: PYPL) to $84.00 (from $74.00) while maintaining a Outperform rating.

The analyst comments "PYPLs new management team is off to a strong and credible start, continuing to drive improvements in product innovation (across... More

AMD (AMD) PT Lowered to $176 at Citi

Citi analyst Christopher Danely lowered the price target on AMD (NASDAQ: AMD) to $176.00 (from $192.00) while maintaining a Buy rating.

The analyst comments "Yesterday after the close, AMD reported decent results and guided above Consensus driven by the MI300 ramp. The company also... More

Amazon.com (AMZN) PT Raised to $246 at MoffettNathanson

MoffettNathanson analyst Michael Morton raised the price target on Amazon.com (NASDAQ: AMZN) to $246.00 (from $230.00) while maintaining a Buy rating.

The analyst comments "We are comfortable with revenue assumptions and think a focus on Amazons cost centers is the opportunity... More

3M (MMM) PT Raised to $100 at Citi

Citi analyst Andrew Kaplowitz raised the price target on 3M (NYSE: MMM) to $100.00 (from $98.00) while maintaining a Neutral rating.

The analyst comments "We think 1Q results mark a relatively good start to MMM potentially unlocking value post its Solventum spin with a reshaped... More

PayPal (PYPL) PT Raised to $77 at JPMorgan

JPMorgan analyst Tien-tsin Huang raised the price target on PayPal (NASDAQ: PYPL) to $77.00 (from $70.00) while maintaining a Overweight rating.

The analyst comments "PayPal stock closed up ~1% (S&P 500 down ~2%) as 1Q results were ahead of estimates and guidance, a good start to the year and for mgmt track record building. Transaction Margin Dollar growth accelerated to +4%... More

Starbucks (SBUX) PT Lowered to $85 at UBS

UBS analyst Dennis Geiger lowered the price target on Starbucks (NASDAQ: SBUX) to $85.00 (from $95.00) while maintaining a Neutral rating.

The analyst comments "Pressured F2Q results included depressed global sss and margin & earnings downside, while SBUX highlighted strategic plans to support an improved sales... More

PayPal (PYPL) PT Raised to $71 at UBS

UBS analyst Tim Chiodo raised the price target on PayPal (NASDAQ: PYPL) to $71.00 (from $63.00) while maintaining a Neutral rating.

The analyst comments "We increase our price target to $71 (vs. $63 prior) based on a ~15.5x multiple (vs. prior 14x) on 2025E non-GAAP EPS $4.55 (vs. $4.41 prior)... More

JPMorgan Upgrades 3M (MMM) to Overweight

JPMorgan analyst Stephen Tusa Jr. upgraded 3M (NYSE: MMM) from Neutral to Overweight with a price target of $111.00 (from $110.00).

The analyst comments "We are upgrading 3M to OW on a combination of an attractive valuation, an increasingly cleaned up balance sheet, with the dividend cut catalyst behind them now, and a turn in earnings momentum on a bottom in electronics, with better visibility on remainco fundamentals, while its still highly non-consensus, with only 1 buy rating. Our PT of $111 ($110 prior) assumes the core trades at a 15%... More

Starbucks (SBUX) PT Lowered to $100 at BTIG

BTIG analyst Peter Saleh lowered the price target on Starbucks (NASDAQ: SBUX) to $100.00 (from $115.00) while maintaining a Buy rating.

The analyst comments "Starbucks posted the weakest quarter in recent history with traffic plummeting as the occasional, more value-oriented customer retreated.... More

Mondelez International (MDLZ) PT Raised to $83 at Jefferies

Jefferies analyst Rob Dickerson raised the price target on Mondelez International (NASDAQ: MDLZ) to $83.00 (from $82.00) while maintaining a Buy rating.

The analyst comments "MDLZ topped Q1 expectations down the P&L despite one-offs impacting volumes, namely European pricing negotiations, Ricolino systems integration,... More

Amazon.com (AMZN) PT Raised to $210 at Roth/MKM

Roth/MKM analyst Rohit Kulkarni raised the price target on Amazon.com (NASDAQ: AMZN) to $210.00 (from $205.00) while maintaining a Buy rating.

The analyst comments "AMZN reported an impressive 1Q beat with revenue coming close to high-end guide and op income materially... More

Starbucks (SBUX) PT Lowered to $92 at Evercore ISI

Evercore ISI analyst David Palmer lowered the price target on Starbucks (NASDAQ: SBUX) to $92.00 (from $120.00) while maintaining a Outperform rating.

The analyst comments "Significantly reducing our SSS and EPS estimates... Following F2Q earnings, we are cutting our FY24e EPS from $4.02 to $3.59... More

Eli Lilly (LLY) PT Raised to $1,001 at BMO Capital

BMO Capital analyst Evan David Seigerman raised the price target on Eli Lilly (NYSE: LLY) to $1,001.00 (from $900.00) while maintaining a Outperform rating.

The analyst comments "A high-quality earnings miss is one that 1) characterizes unprecedented demand; 2) justifies performance miss with supply constraints; 3) highlights efforts... More

Eli Lilly (LLY) PT Raised to $885 at Cantor Fitzgerald

Cantor Fitzgerald analyst Louise Chen raised the price target on Eli Lilly (NYSE: LLY) to $885.00 (from $815.00) while maintaining a Overweight rating.

The analyst comments "For 1Q24, US Zepbound revenue was $517MM vs. $363MM for FactSet. Zepbound is already annualizing at over... More

BofA reports largest US equities inflows in 8 weeks

Analysts at BofA said in its equity client flow trends note that last week, its clients were net buyers of US equities for the first time in five weeks, with the largest inflows seen in eight weeks.

The investment bank revealed that its clients bought both single stocks... More

Coca-Cola (KO) Q1 earnings and revenue surpasses analyst consensus expectations

(Updated - April 30, 2024 10:39 AM EDT)

Coca-Cola (NYSE: KO) has reported a positive start to 2024, with its first-quarter earnings and revenue surpassing analyst expectations. The beverage giant announced adjusted earnings per share (EPS) of $0.72, edging out the consensus estimate of $0.70. Revenue for the quarter also exceeded forecasts, coming in at $11.3 billion against the anticipated $11.02 billion.

The company's net revenues grew by 3% compared to the same quarter last year, while organic revenues, which exclude the impact of currency fluctuations, acquisitions, and divestitures, saw an impressive 11% increase. This growth was attributed to a 13%... More

Goldman Sachs sees CTAs buying stocks in every scenario next week

Analysts at Goldman Sachs said in a note Tuesday that they see CTAs (commodity trading advisers) buying global equities in every scenario over the next week.

The investment bank stated: "We now have CTAs as buyers of global equities & SPX in every scenario over the next week." They... More