All articles tagged with #analyst upgrades
Originally Published 25 days ago — by CNBC
The AI boom is positively impacting memory chip companies like Micron, which reported a strong quarter leading to analyst upgrades, including from Bank of America, as the industry benefits from increased demand for AI-related hardware.
Originally Published 2 months ago — by TipRanks
Intel's Q3 earnings exceeded expectations, leading to upgrades from top analysts, but the potential for significant future gains appears limited.
Originally Published 1 year ago — by Benzinga
Tesla's stock surged past $400 in overnight trading on Robinhood, nearing its all-time high, driven by bullish analyst upgrades and optimism around its Full Self-Driving technology. Bank of America raised its price target to $400, citing positive impressions from a visit to Tesla's Texas gigafactory. Despite some analysts maintaining a cautious outlook, the stock's valuation remains high, with a focus on Tesla's upcoming lower-cost EV model and Optimus robot project.
Originally Published 1 year ago — by CNBC
Analysts have upgraded Apple due to its advancements in artificial intelligence, while Nvidia's price target has been increased, reflecting positive market sentiment towards both tech giants.
Originally Published 1 year ago — by CNBC
Carvana's stock surged 30% after reporting its first annual profit and receiving upgrades from two Wall Street analysts. The used-car retailer posted a net income of $450 million for 2023, a significant turnaround from its $1.59 billion loss in 2022. The company is currently in the second phase of a three-step restructuring plan and aims to grow retail units sold in 2024. Analysts at Raymond James and William Blair upgraded Carvana's rating, citing encouraging profit increases and unit growth, with the company's CEO emphasizing a focus on current inventory and future expansion.
Originally Published 2 years ago — by CNBC
CNBC's Jim Cramer notes that in the current market, analyst upgrades and price target bumps hold significant power as catalysts for stock movements, with positive mentions driving up stock prices due to a lack of resistance from factors like the bond market, the Fed, inflation, and earnings. Examples include Meta's stock rising after an optimistic note from Mizuho and cybersecurity stocks like Palo Alto Networks surging following recommendations from Morgan Stanley. Cramer warns that this trend may not last, as upcoming events like the consumer price index release and the start of earnings season could bring about market volatility.
Originally Published 2 years ago — by Benzinga
Carnival Corp reported better-than-expected Q1 results, with revenue of $4.43 billion and a loss of 55 cents per share. The company also expects occupancy to return to historical levels this summer. As a result, several analysts have upgraded their ratings and raised their price targets for Carnival, leading to a 6.37% increase in the stock price.