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StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
DoorDash Inc. (DASH) PT Raised to $155 at Citi, Citi Defending, 'We emerge from DoorDash’s 2Q24 results incrementally positive on shares'
August 5, 2024 10:35 AM EDTCiti analyst Ronald Josey raised the price target on DoorDash Inc. (NASDAQ: DASH) to $155.00 (from $144.00) while maintaining a Buy rating.
The analyst comments "We emerge from DoorDashs 2Q24 results incrementally positive on shares. Order frequency is expanding, U.S. MAUs grew double digits,... More
DoorDash Inc. (DASH) PT Raised to $124 at Roth/MKM
August 5, 2024 6:10 AM EDTRoth/MKM analyst Rohit Kulkami raised the price target on DoorDash Inc. (NASDAQ: DASH) to $124.00 (from $118.00) while maintaining a Neutral rating.
The analyst comments "On Thur. night last week, DASH reported an impressive beat-and-raise earnings report. Shares closed +8% on Fri on a... More
DoorDash Inc. (DASH) PT Raised to $155 at Jefferies
August 5, 2024 5:09 AM EDTJefferies analyst John Colantuoni raised the price target on DoorDash Inc. (NASDAQ: DASH) to $155.00 (from $150.00) while maintaining a Buy rating.
The analyst comments "Updating model to reflect 2Q results and outlook; increasing PT to $155 (from $150): Our 2025 Revenue estimate increases by 1% to reflect... More
Snap Inc (SNAP) PT Lowered to $18 at BMO Capital
August 2, 2024 1:39 PM EDTBMO Capital analyst Brian J. Pitz lowered the price target on Snap Inc (NYSE: SNAP) to $18.00 (from $20.00) while maintaining a Outperform rating.
The analyst comments "Reiterate Outperform on 1) improving user engagement trends with total time spent up 25% Y/Y, while MAU up 6% from... More
Block Inc (SQ2:AU) (SQ) PT Raised to AUD138 at JPMorgan
August 2, 2024 1:15 PM EDTJPMorgan analyst Tien-tsin Huang raised the price target on Block Inc (SQ2:AU) (NYSE: SQ) to AUD138.00 (from AUD137.00) while maintaining a Overweight rating.
The analyst comments "2Q featured a solid top and bottom line beat, led by Cash App, and outlook was encouragingly raised beyond 2Q upside. Numbers aside, the focus on GTM in Jack Dorseys SH letter should be music to investors ears,... More
Apple (AAPL) PT Raised to $245 at Monness, Crespi, Hardt
August 2, 2024 1:05 PM EDTMonness, Crespi, Hardt analyst Brian White raised the price target on Apple (NASDAQ: AAPL) to $245.00 (from $205.00) while maintaining a Buy rating.
The analyst comments "Apple, Inc. (AAPL Buy $218.36): Raising Estimates and Increasing Price Target to $245. Last night, Apple reported 3Q:FY24 upside and... More
Macquarie Reiterates Outperform Rating on Block Inc. (SQ)
August 2, 2024 9:05 AM EDTMacquarie analyst Paul Golding reiterated an Outperform rating and $100.00 price target on Block Inc. (NYSE: SQ).
The analyst comments "Q2 earnings beat guidance and cons. despite revs/GPV missing. BTC has driven this. The beat and outlook sees the FY24 guide upgraded again. Various... More
Intel (INTC) PT Lowered to $25 at Citi
August 2, 2024 8:13 AM EDTCiti analyst Christopher Danely lowered the price target on Intel (NASDAQ: INTC) to $25.00 (from $35.00) while maintaining a Neutral rating.
The analyst comments "Yesterday after the close, Intel reported results and guidance well-below Consensus mainly due to weakness in its PC businesses (58% of 2Q24... More
Apple (AAPL) PT Raised to $261 at Rosenblatt, Maintains Buy, 'Decent Warm Up Before the Big AI Show'
August 2, 2024 7:20 AM EDTRosenblatt analyst Barton Crockett raised the price target on Apple (NASDAQ: AAPL) to $261.00 (from $260.00) while maintaining a Buy rating.
The analyst comments " iPhone -- The iPhone installed base was said to have grown to a new all-time high in total and in every geographic segment. iPhone was the top seller in the US, urban China, the... More
Snap Inc (SNAP) PT Lowered to $14 at Roth/MKM
August 2, 2024 6:58 AM EDTRoth/MKM analyst Rohit Kulkarni lowered the price target on Snap Inc (NYSE: SNAP) to $14.00 (from $15.00) while maintaining a Neutral rating.
The analyst comments "Following a strong 1Q and positive channel checks, we were surprised when SNAP whiffed on 2Q expectations... More
Cloudflare Inc. (NET) PT Raised to $85 at Cantor Fitzgerald
August 2, 2024 6:38 AM EDTCantor Fitzgerald analyst Yi Fu Lee raised the price target on Cloudflare Inc. (NYSE: NET) to $85.00 (from $80.00) while maintaining a Neutral rating.
The analyst comments "Investment Summary. We are maintaining our Neutral rating and adjusting our 12-month Price Target from $80 to $85, based on solid execution... More
Intel (INTC) PT Lowered to $27 at Cantor Fitzgerald
August 2, 2024 6:37 AM EDTCantor Fitzgerald analyst C.J. Muse lowered the price target on Intel (NASDAQ: INTC) to $27.00 (from $40.00) while maintaining a Neutral rating.
The analyst comments "Intel missed both June results and September guide across nearly every metric weaker topline for nearly every segment in the June Q (worst in DCAI) and revenues for the September Q missing by $1.5B or 10% (Client guided lower Q/Q vs. typically seasonally strong) while Gross Margins for both June/September missed consensus by 500bps/780bps. The major culprit to Gross Margins was migrating Meteor Lake to Intel 4/3... More
Cloudflare Inc. (NET) PT Raised to $99 at RBC Capital
August 2, 2024 6:24 AM EDTRBC Capital analyst Matt Hedberg raised the price target on Cloudflare Inc. (NYSE: NET) to $99.00 (from $90.00) while maintaining a Outperform rating.
The analyst comments "Cloudflare delivered an impressive quarter in what continues to be an uneven macro, highlighted by a... More
Intel (INTC) PT Lowered to $25 at Roth/MKM
August 2, 2024 6:12 AM EDTRoth/MKM analyst Suji Desilva lowered the price target on Intel (NASDAQ: INTC) to $25.00 (from $35.00) while maintaining a Neutral rating.
The analyst comments "INTC guided 3Q24 revenue and gross margin well below consensus reflecting higher than expected client product costs. While... More
Susquehanna Reiterates Positive Rating on Amazon.com (AMZN)
August 2, 2024 6:02 AM EDTSusquehanna analyst Shyam Patil reiterated a Positive rating and $220.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "2Q fine overall. Revenue of $148b grew 11% y/y ex-FX, decelerating two points vs. 1Q, and was 1% above our estimate but a touch below consensus. Online stores revenue grew 6% y/y ex-FX, 1% above our estimate but 1% below consensus. Paid units were up 11% y/... More
Coinbase Global Inc. (COIN) PT Lowered to $295 at H.C. Wainwright
August 2, 2024 6:00 AM EDTH.C. Wainwright analyst Mike Colonnese lowered the price target on Coinbase Global Inc. (NASDAQ: COIN) to $295.00 (from $315.00) while maintaining a Buy rating.
The analyst comments "Recent shift in tone in D.C. for crypto has strengthened our bullish outlook for the stock and the industry. Yesterday (8/1) after the close, Coinbase reported solid 2Q24 results despite industry wide q/q declines in global crypto trading volumes in the quarter following elevated levels of activity in 1Q catalyzed by the launch of the spot BTC ETFs in the U.S. in January, as the... More
Piper Sandler Reiterates Neutral Rating on Coinbase Global Inc. (COIN)
August 2, 2024 5:57 AM EDTPiper Sandler analyst Patrick Moley reiterated a Neutral rating and $245.00 price target on Coinbase Global Inc. (NASDAQ: COIN).
The analyst comments "COIN posts modest core EPS miss vs. our estimate. Excluding the impact of $319M of pretax M2M losses on crypto assets... More
Intel (INTC) PT Lowered to $27 at Deutsche Bank
August 2, 2024 5:53 AM EDTDeutsche Bank analyst Ross Seymore lowered the price target on Intel (NASDAQ: INTC) to $27.00 (from $38.00) while maintaining a Hold rating.
The analyst comments "Beyond delivering in-line 2Q revenue, the companys report was disappointing on nearly every other near-term financial metric with... More
Amazon.com (AMZN) PT Lowered to $224 at Stifel
August 2, 2024 5:21 AM EDTStifel analyst Mark Kelly lowered the price target on Amazon.com (NASDAQ: AMZN) to $224.00 (from $228.00) while maintaining a Buy rating.
The analyst comments "AMZN put up a mixed 2Q and guided 3Q below the Street. AWS accelerated +145bps q/q to +19% y/y, and... More
JPMorgan Reiterates Overweight Rating on Apple (AAPL)
August 2, 2024 5:20 AM EDTJPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $265.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "As straight a beat as they come - with our broader coverage of Hardware companies reporting a diverse mix of results in an uneven macro, Apples results and execution in that backdrop stood out in its non-eventful nature as most product categories beat consensus expectation helping aggregate revenue do the same. In relation to our bullish view on the AI upgrade cycle, a non-eventful quarter with Apple beating estimates across the board... More
Snap Inc (SNAP) PT Lowered to $11 at JPMorgan
August 2, 2024 5:19 AM EDTJPMorgan analyst Doug Anmuth lowered the price target on Snap Inc (NYSE: SNAP) to $11.00 (from $13.00) while maintaining a Underweight rating.
The analyst comments "Snaps 2Q results fell short of expectations as certain consumer discretionary verticals pulled back brand spending, with trends... More
Amazon.com (AMZN) PT Lowered to $230 at JPMorgan
August 2, 2024 5:19 AM EDTJPMorgan analyst Doug Anmuth lowered the price target on Amazon.com (NASDAQ: AMZN) to $230.00 (from $240.00) while maintaining a Overweight rating.
The analyst comments "Sometimes Retail leads AMZNs business and other times its AWS. On occasion both sides of the business are firing on all cylinders, like in 2018, driving substantial share appreciation. During 2023, Retail growth accelerated & Retail margins expanded sharply on network rationalization & regionalization, while AWS worked through challenging cloud optimizations. Now the N-T drivers shift to cloud as AWS delivered its second straight... More
Coinbase Global Inc. (COIN) PT Raised to $245 at Jefferies
August 2, 2024 5:14 AM EDTJefferies analyst Trevor Williams raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $245.00 (from $215.00) while maintaining a Hold rating.
The analyst comments "Top-line beat by ~3% as Subs & Svcs strength (staking, stablecoin) more than offset a transaction revenue miss as... More
Amazon.com (AMZN) PT Raised to $215 at Roth/MKM
August 2, 2024 5:12 AM EDTRoth/MKM analyst Rohit Kulkarni raised the price target on Amazon.com (NASDAQ: AMZN) to $215.00 (from $210.00) while maintaining a Buy rating.
The analyst comments "AMZN reported inline-ish 2Q vs. Street, however, below elevated expectations. 3Q revenue guide feels soft while 3Q margins... More
Citi Reiterates Buy Rating on Amazon.com (AMZN)
August 2, 2024 5:10 AM EDTCiti analyst Ronald Josey reiterated a Buy rating and $245.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "With AWS revenue growth accelerating, faster shipping times improving conversion rates (as essentials gain share), and overall cost-to-serve declines, we believe Amazon delivered... More
DoorDash Inc. (DASH) PT Raised to $155 at Evercore ISI
August 2, 2024 5:08 AM EDTEvercore ISI analyst Mark Mahaney raised the price target on DoorDash Inc. (NASDAQ: DASH) to $155.00 (from $145.00) while maintaining a Outperform rating.
The analyst comments "We agree with the +12% move in the after market and continue to believe that DASH can maintain close to... More
