Media Giants' Mergers and Purchases Shake Hollywood
Warner Bros. Discovery's stock (NASDAQ:WBD) experienced a significant decline following a downgrade by TD Cowen, impacting investor confidence and market performance.
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Td Cowen
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Analysts Boost Nvidia Price Targets Ahead of Earnings Amid Stock Volatility
TD Cowen has raised its price target for Nvidia, citing the company's strong position to meet high expectations ahead of its Q2 earnings report, suggesting continued investor confidence in Nvidia's growth prospects.
"Wall Street Boosts Broadcom's Outlook After AI Expansion and Cost Cuts"
TD Cowen upgraded Broadcom's rating from Market Perform to Outperform and raised its price target on the company from $1,400 to $1,500 per share, citing enthusiasm for the company's AI potential and positive feedback from its recent infrastructure event. The firm highlighted potential upside from custom silicon and back-end AI networking, while acknowledging risks related to data center spending and capital return program. Despite joining the bullish sentiment late, TD Cowen's upgrade comes as Broadcom's stock has already rallied significantly, with 80% of analysts covering it having buy equivalent ratings.
"Outlook for Spirit Airlines' Rebound and Blocked Merger Appeal"
T.D. Cowen predicts that Spirit Airlines shares will continue to rebound following a federal judge's decision to block its proposed acquisition by JetBlue Airways. The airline's shares rallied after a five-day losing streak and an upbeat revenue forecast, despite concerns about potential bankruptcy. Spirit Airlines and JetBlue have filed an appeal to the judge's decision, and Spirit Airlines also updated its guidance with better-than-expected revenue and operating margin. T.D. Cowen maintained its market perform rating for Spirit Airlines and lowered its price target, while JetBlue shares are down in premarket trades.
"Experts Predict Potential Market Tumbles and Uncertainty for Investors"
TD Cowen predicts that Coinbase's stock could drop by more than 45% as the SEC's battle with the cryptocurrency exchange continues. The ongoing legal dispute has caused uncertainty in the market, leading to a decline in Coinbase's stock price.