Wells Fargo analyst Aaron Rakers raised the price target on Apple Inc. to $205 from $165 and reiterated an Overweight rating on the shares ahead of Apple’s earnings on January 27. The price target implies an upside of 24.6 percent. Rakers increased Q1 revenue/EPS estimates to $117.8 billion/ $1.85 from $116.4 billion/$1.83. Rakers expects a focus on…
Here’s Why Wells Fargo Bumped Up Apple’s Price Target by 24 Percent
Here’s Why Tigress Financial Remains Bullish on Verizon
Tigress Financial analyst Ivan Feinseth raised the price target on Verizon Communications Inc. to $68 from $67 and reiterated a Buy rating on the shares. The price target implies an upside of 27 percent. The analyst believes accelerating momentum in wireless and broadband will drive further share price gains for the company. Verizon continues to benefit from the ongoing…
Credit Suisse Cuts Cloudflare Price Target by 32 Percent
Credit Suisse analyst Phil Winslow upgraded Cloudflare Inc. to Outperform from Neutral with a price target of $140, down from $205, implying an upside of 49 percent. Winslow sees Cloudflare sustain significant revenue growth, within the high 40 percent to +50 percent range, for multiple years. Winslow’s expectations grew from differentiated serverless architecture, efficient and rapidly expanding global…
Bears Grab Ahold of Amazon Stock as Market Falls Into Turmoil: What’s Next?
Amazon.com Inc. gapped down under a key psychological upper level at the $3,000 mark on Friday morning and then slid about 3 percent lower before bouncing temporarily and dropping toward the low-of-day again. The tech giant has plummeted almost 10 percent this week and is down more than 21 percent off its all-time high of $3,773.08….
2 Blue-Chip Stocks Consolidate in a Key Pattern: What Will the Break Bring for Apple and Disney?
Apple Inc. and Walt Disney Co. have developed inside bar patterns on the daily chart. An inside bar pattern indicates a period of consolidation and is usually followed by a continuation move in the direction of the current trend. An inside bar pattern has more validity on longer time frames, such as a four-hour chart. The…
Intel Investing $20 Billion to Build 2 New Chip Factories in Ohio
January 21, 2022
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Intel Corporation announced Friday that it is investing $20 billion to build two new “leading-edge” chip factories in Ohio. “The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers as part of the company’s IDM…
Microsoft’s 10 Biggest Acquisitions of All Time: Activision, LinkedIn and More
Microsoft Corporation on Tuesday announced plans to acquire game developer Activision Blizzard Inc for $95 per share. The proposed all-cash transaction would be Microsoft’s largest acquisition ever, valued at $68.7 billion. If the deal goes through, Microsoft would further strengthen its position in the gaming market via Activision’s iconic franchises including “Call of Duty,” “Warcraft,”…
Etsy Shares Gain on KeyBanc Upgrade
KeyBanc analyst Edward Yruma upgraded Etsy Inc. to Overweight from Sector Weight with a $200 price target, suggesting an upside of 22.6 percent. The analyst believes Etsy has some of the most compelling long-term secular growth opportunities in his coverage and that management set guidance reasonably for Q4. His firm’s Key First Look Data has pointed to stable…
Here’s Why Blue Apron Is Trading Higher Today
Andrew Left’s Citron Research issued a lengthy research report on Blue Apron Holdings Inc. with a $40 price target. The price target implies a 443 percent upside to the January 19 closing price of $7.36. “There are hundreds of meal kit reviews online, and Blue Apron is always at the top of the list on food quality, price, and ease…
Chart Wars: Between General Electric and 3M, Which Stock Will Soar Higher?
General Electric Company and 3M Company may be settling into bullish long-term patterns on the weekly chart. General Electric may be in the process of printing a bull flag, while 3M could be setting up the right shoulder of a bullish head-and-shoulder pattern. If the formations are recognized, both stocks could be in for a…
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