Spotify unveiled significant changes to its app at its Stream On event Wednesday, including a new TikTok-esque scrolling discovery feed for music and video,
Canaccord analysts are on board with the refresh, prompting the firm to reiterate its ‘Buy’ rating and $150 price target.
Analysts at Oppenheimer hiked their price target on Meta Platforms Inc's (NASDAQ:FB) shares to $235 from $220 on higher advertising estimates, citing artificial intelligence (AI) investments as the force now driving improved targeting.
In a note to clients, Oppenheimer which has an “Outperform” rating on Meta, said it had raised estimates on improved targeting and attribution capabilities from Meta Advantage+ and SKAN “reaching critical mass.”
Lithium Americas Corp (TSX:LAC, NYSE:LAC) is well on its way to becoming the next US lithium miner, PI Financial said as it initiated coverage on the company.
In a note this week, the research firm said that Lithium Americas offers an attractive opportunity to invest in domestic US production of battery-grade lithium chemical production.
Trulieve Cannabis Corp. (CSE:TRUL) has held onto its ‘Buy’ ratings from analysts at Canaccord Genuity and Stifel GMP although both brokerages have reduced their price targets after the medical cannabis company produced fourth-quarter 2022 results and provided 2023 guidance that were below expectations.
Canaccord’s analysts said revenue of $302 million came in below its $311 million estimate and consensus of $306 million. Further, adjusted underlying earnings (EBITDA) of $85 million was below its $95 million forecast and consensus estimates of $98 million.
DocGo Inc is expected to extend its track record of beating consensus estimates when it reports its fourth-quarter earnings on March 13, according to Canaccord Genuity (TSX:CF, LSE:CF) analysts.
In a note to clients, the analysts forecast 2023 revenue for the provider of mobile medical services and transportation of $487.1 million, representing year-over-year growth of 12% and 34% when excluding COVID. The consensus projection is $493.2 million.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) offers investors exposure to an advanced development project adjacent to the only operating producer of lithium chemicals in the United States, according to analysts at PI Financial in their initial coverage of the stock.
In a note to clients, the analysts wrote that they were awarding the stock a ‘Buy’ rating and a C$3 price target. Century Lithium shares are currently trading at C$1.19.
AFC Energy PLC (AIM:AFC, OTC:AFGYF) is seeing growing interest in its H-Power Towers, says Peek Hunt, with agreed deployments this year now above 8,000 hours and an expanding order book, with a material number of proposals in negotiation.
Feedback from customers such as Acciona, Kier Group, Keltbray and Mace-Dragados has been good, says the broker, while Vinci-arm Taylor Woodrow and Colas are among new customers.
adidas AG (OTCQX:ADDYY) management call “intrigued” analysts at Jefferies when it “twice-confirmed” its aim for double-digit sales growth in its post-recovery phase.
Analysts noted this implied “punchy” levels of global share gains for the sportswear brand.
Turtle Beach (NASDAQ:HEAR) Corporation will report its fourth-quarter results on Monday, and while the audio technology company has a chance to grow its market share in 2023, analysts at Wedbush lowered their price target for the stock.
The firm reiterated its ‘Outperform’ rating for the company but its price target dipped to $10 per share from $12. Shares of Turtle Beach (NASDAQ:HEAR) traded at $7.73 on Wednesday afternoon.
Apple Inc (NASDAQ:AAPL) has maintained its ‘Outperform’ rating, with its 12-month price target raised to $190 from $180 by Wedbush Securities analysts after iPhone sales recovered in early 2023 after a tough December.
“Our Asia iPhone supply chain checks this week have been incrementally more positive with a modest uptick in demand coming out of China for Apple with a clear demand rebound happening in this key region post December despite the uncertain macro backdrop,” the analysts wrote in a note to clients.
Tesla Inc (NASDAQ:TSLA) has reduced the price of its Model S and Model X vehicles in a renewed bid to spur demand after a series of aggressive price reductions in January lowered the prices of its cars by as much as 20%.
The Tesla Model S now starts at $89,990, down 5%, and the Model X now starts at $99,990, a 9% discount.
As PDAC 2023 gets underway in Toronto, precious metals have enjoyed a much firmer start to the month of March following declines last month (and there are plenty of other events coming up this week for metals traders to keep an eye on), according to TickMill group market analyst James Harte.
Gold and silver have both seen recoveries off the lows to the tune of 2% and 4% respectively, Harte noted.
Haleon PLC (LSE:HLN, NYSE:HLN) will find it difficult to get a significant re-rating for its shares, reckons Deutsche Bank.
Following a meeting with the FTSE 100-listed consumer healthcare group's management, analyst Tom Sykes at the bank issued a note where he said the company has "a collection of quality brands but is still levered and is still very 'new' as an entity which brings with it some risk".