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Rbc Capital Markets

All articles tagged with #rbc capital markets

financeinvesting1 year ago

"Analysts Unfazed by Tesla's Stock Slump, Predict Further Decline and AI Server Maker as Top Buy"

RBC Capital Markets analyst Tom Narayan remains optimistic about Tesla's long-term prospects, citing the upcoming affordable car as a potential catalyst for growth. He emphasizes Elon Musk's long-term perspective and the significance of Tesla's autonomous driving and energy storage businesses. Despite differing views from other analysts, Narayan maintains a 'buy' rating on Tesla with a price target of $298. Meanwhile, Tesla's energy storage deployments and revenue have been growing significantly, and the company sees autonomous driving as a key driver of its market value.

via Benzinga|
#elon-musk#energy-storage#ev
businesstechnology1 year ago

"Palantir's Success in Securing Military Contracts Raises Analyst Concerns"

Palantir's stock surged after winning a $178 million contract with the US Army to build AI-enabled ground stations, but RBC Capital Markets Analyst Rishi Jaluria remains skeptical, stating that the company is not a cutting-edge generative AI innovator and is overvalued compared to its fundamentals. He believes that the gap between the company's messaging and reality will eventually lead to a stock correction, despite the current hype.

via Yahoo Finance|
#ai#businesstechnology#generative-ai
finance2 years ago

"Bold Prediction: S&P 500 to Soar to 5,000 in 2024"

RBC Capital Markets predicts that the S&P 500 will reach a new record high of 5,000 by the end of next year, joining other bullish forecasts for 2024. Strong investor sentiment and buoyant equity valuations are expected to drive the index to new heights. Despite relatively high Treasury yields, analysts believe they do not pose a threat to the appeal of equities. The forecast is based on five models that consider sentiment, valuation and earnings, the economy, politics, and the relationship between stocks and bonds. The US presidential election is seen as a potential source of uncertainty for the stock market in 2024.

via Markets Insider|
#bullish-outlook#finance#rbc-capital-markets
finance2 years ago

Regional Bank Stocks Continue to Fluctuate Amid Economic Uncertainty

PacWest Bancorp shares fell 11% in premarket trading, leading other regional bank stocks lower, as the hard-hit sector resumed its decline. Investors have been unnerved by a rash of deposit outflows from banks and increasing concerns about general stability. Despite recent turmoil, some analysts remain positive about the sector, saying the tumbling stock prices have become disconnected from the companies’ fundamentals.

via Yahoo Finance|
#banking-sector#finance#pacwest-bancorp
finance2 years ago

Market's ability to ignore recession tested again.

According to Lori Calvasina, head of US equity strategy at RBC Capital Markets, the stock market may be ignoring all signs of a recession, similar to the post-WWII era. Calvasina found that the 1945 recession was the only one with no market pullback. She listed the resemblance between the government war funding in 1945 to 2020's massive Covid relief and the Fed's rate hikes as a few examples. However, she also acknowledged that there are differences between the two time periods and noted that she isn't a believer of the bull case. Her S&P 500 year-end price target is 4,100.

via CNBC|
#finance#lori-calvasina#rbc-capital-markets
business2 years ago

Moderna's Flu Vaccine Disappointment Impacts Stock Performance

Moderna's stock fell by 3.2% after an interim analysis of its messenger RNA-based flu vaccine showed that there weren't enough cases of influenza among participants to determine whether the vaccine met the goals of the study. However, there are promising signs that the vaccine is working, according to RBC Capital Markets analyst Luca Issi. Moderna is currently working on an updated version of the shot that could improve its effectiveness against strain B, and plans to begin a confirmatory study of that updated vaccine later this month.

via Investor's Business Daily|
#business#clinical-trials#flu-vaccine