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Stockdowngrade

All articles tagged with #stockdowngrade

business-and-finance2 years ago

"Palantir Faces Analyst Skepticism Amid AI Hype and Market Fluctuations"

Jeffries has downgraded Palantir Technologies (PLTR) to "Underperform" and cut its price target to $13, citing an unsustainable valuation propelled by AI excitement that is outpacing the reality of revenue generation. Senior Analyst Brent Thill suggests that while AI will be a significant driver for the tech industry, its impact on revenue will materialize slower than the market anticipates. Thill recommends investors to focus on companies with broader product offerings, like Microsoft and Adobe, and to consider returning to AI-centric stocks like Palantir once the hype has subsided and valuations become more reasonable.

via Yahoo Finance|
##aihype#business-and-finance
business-and-finance2 years ago

"Jefferies Labels Palantir 'Underperform' Amid AI Hype Despite Market Gains"

Jefferies analyst Brent Thill downgraded Palantir Technologies stock to underperform, citing the company as "overhyped on AI." Despite a 167% increase in 2023, Palantir's stock fell after the downgrade. Palantir, known for its AI software used by government agencies, has expanded into various sectors and launched an "Artificial Intelligence Platform" in early 2023. However, bearish analysts are concerned about the company's need to develop new revenue streams from generative AI technologies. Palantir's technical ratings remain high, but the company has yet to disclose pricing for its AI products.

via Investor's Business Daily|
##artificialintelligence#business-and-finance
business-and-finance2 years ago

"Apple Faces Wall Street Chill with Multiple Downgrades Amid iPhone Concerns"

Apple's stock has faced downgrades from Barclays and Piper Sandler due to concerns over weakening iPhone demand and a challenging macro environment in China. Despite a decline in iPhone revenue and other hardware sales, Apple's services business continues to grow, reaching $85 billion in 2023. However, this segment faces potential regulatory scrutiny. Apple's stock performance has lagged behind other tech giants, and its cautious approach to AI may contribute to Wall Street's cooling interest. While Apple's integration of AI into products is subtle, competitors are more aggressively marketing their AI advancements, potentially leaving Apple behind in the tech race.

via Yahoo Finance|
##apple#business-and-finance
finance-and-business2 years ago

"Apple Faces Market-Cap Plunge and Double Downgrade Amid iPhone Sales Slowdown"

Apple Inc. has received a second downgrade from Piper Sandler, moving from "Overweight" to "Neutral" due to concerns about iPhone inventory levels and reduced demand in China. The downgrade has contributed to a decline in Apple's stock price, which has fallen approximately 5% in the early days of 2024. Analysts cite challenging comparisons to 2023, currency headwinds, and high interest rates as factors affecting Apple's performance. Additionally, there are concerns about the tech sector's outlook, with Apple's stock movement potentially indicating a "double top" pattern, which could signal further declines if the trend continues.

via Yahoo Finance|
##apple#finance-and-business
business-and-finance2 years ago

"Apple Faces Multiple Downgrades Amid Persistent iPhone Sales Concerns"

Apple Inc. has faced a second downgrade in a week due to concerns over iPhone sales, particularly in China's weak macro environment. Analyst Harsh Kumar from Piper Sandler downgraded Apple to neutral, while Barclays analysts also turned bearish earlier in the week. Apple's buy-equivalent ratio is at a three-year low, with fewer bullish recommendations compared to other big tech companies. Despite a strong rally last year, Apple's stock has declined early in 2024, with a significant loss in market value. Wall Street's outlook on Apple is cautious, contrasting with the generally bullish sentiment on big tech.

via Yahoo Finance|
##apple#business-and-finance
business-and-finance2 years ago

"Analyzing Market Sentiments: Pfizer and Illumina Face Downgrades Amid Patent and Rating Challenges"

Pfizer Inc.'s stock was downgraded from outperform to market perform by TD Cowen due to concerns over upcoming patent expirations for major drugs and doubts about the company's management. Despite potential earnings growth, the loss of exclusivity for drugs like Eliquis and Ibrance is expected to impact the company's long-term performance. Analysts also questioned Pfizer's recent asset divestment decisions. The company's shares have seen a significant decline over the past year, contrasting with gains in the broader S&P 500 index.

via MarketWatch|
##business-and-finance#marketperformance
finance-and-business2 years ago

"SoFi's Turbulent Market Ride: Growth Potential Versus Analyst Downgrades"

Keefe, Bruyette & Woods (KBW) analyst Mike Perito downgraded SoFi Technologies stock from "Market Perform" to "Underperform" and reduced the price target from $7.50 to $6.50, citing a potential 15-20% downside to consensus EBITDA and stagnant technology development. The downgrade reflects concerns over slowing origination growth, capital expenditure constraints, and limited profitability, which may impact SoFi's performance into the first half of 2024.

via Yahoo Finance|
##finance#finance-and-business
business-and-finance2 years ago

"Barclays Downgrades Apple Amidst Slowing iPhone Sales"

Barclays analysts have downgraded Apple's stock to 'underweight' with a price target of $160, citing expectations of declining demand for the iPhone. The downgrade comes despite Apple's shares rising significantly last year, with concerns about the iPhone's ability to maintain its market position amid increased competition and regulatory challenges. The downgrade led to a 2.5% drop in Apple's stock price, wiping out nearly $75 billion in market capitalization.

via Yahoo Finance|
##apple#barclays
finance-and-business2 years ago

"Apple Shares Tumble as Barclays Downgrade Signals iPhone Demand Concerns"

Barclays analysts have downgraded Apple's stock to "Underweight" and reduced the price target slightly to $160, citing negative checks on volumes and mix for the upcoming iPhone 15 and a lack of compelling features for the iPhone 16. Despite a minimal price target change, the market reacted significantly, reflecting broader concerns about Apple's valuation and the sustainability of its stock performance amidst weakening demand for its flagship product.

via Yahoo Finance|
##apple#barclays
business-and-finance2 years ago

"Apple's Stock Stumbles as Barclays Downgrade Sparks Tech Tremors"

Apple's stock fell over 3% following a downgrade by Barclays from equal weight to underweight, with a slight price target reduction. The downgrade was influenced by disappointing iPhone sales in China and expectations of continued weakness across Apple's hardware products. Additionally, concerns were raised about the growth of Apple's services business amid regulatory scrutiny, including the outcome of Google's Traffic Acquisition Costs (TAC) and app store investigations. Despite Apple's services business having a higher gross margin, its long-term growth reliability is questioned by Barclays.

via CNBC|
##apple#barclays
business-and-finance2 years ago

"Apple Faces Downgrade and Sales Concerns as Barclays Cautions on iPhone Outlook"

Analysts have highlighted Nvidia as a 'best idea' for the year 2024, indicating a positive outlook for the company's performance in the market. Meanwhile, Apple has received a downgrade from another analyst, suggesting a more cautious perspective on the tech giant's stock. These insights are part of the latest series of analyst calls that influence investor sentiment and stock prices.

via CNBC|
##2024marketoutlook#analystcalls