Midday movers: Tesla and Macy's rise; Coinbase and Nio fall
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Go back to Midday movers: Tesla and Macy's rise; Coinbase and Nio fall
July 9, 2024 9:11 AM EDT
Mizuho analysts are casting doubt on Coinbase's (NASDAQ: COIN) consensus earnings expectation, predicting a 10% miss.
Their note assessed factors leading to their bearish outlook. "We believe consensus is overly optimistic in extrapolating strong March trends," states Mizuho.
They point to a decline in... More
July 9, 2024 8:22 AM EDT
Jefferies analysts are bullish on Amazon (NASDAQ: AMZN), raising their price target to $235 per share from $225 in a note Tuesday, citing strong growth in both Amazon Web Services (AWS) and advertising sectors.
"We reiterate our BUY rating on AMZN as continued AWS and Advertising momentum combined with retail operating leverage should support 18%+ upside to our SOTP-based $235 PT.," Jefferies states in their research... More
July 9, 2024 7:22 AM EDT
Jefferies analysts see Microsoft (NASDAQ: MSFT) Azure gaining ground on Amazon (NASDAQ: AMZN) Web Services (AWS) in the ongoing cloud computing battle.
Their cloud spending survey of 40 U.S. CIOs reveals a growing focus on cloud adoption and a slight preference for Azure.
A "big jump in spend intentions" is a key... More
July 8, 2024 1:12 PM EDT
In a note this week, Wedbush raised its price target for Meta Platforms (NASDAQ: META) to $570 from $480, citing strong advertiser demand revealed in its latest digital advertising survey.
"Results from our survey were notably strong relative to our expectations for both Pinterest and Meta," stated the Wedbush note. They reached over 200... More
