Snap has earned a repeat ‘Perform’ rating from Oppenheimer analysts after reporting first-quarter results that failed to impress investors, sending the stock tumbling by almost 20% on Friday.
Snap’s revenue of $989 million fell short of Wall Street’s expectation of $1.01 billion, while earnings per share of $0.01 narrowly beat forecasts of a loss per share of $0.01.
Analysts at Oppenheimer have raised their price target for Amazon noting that the ecommerce giant’s improved gross profit more than offset its slightly lower revenue outlook for its cloud business Amazon Web Services (AWS).
The analysts upped their price target to $130 from $125 and awarded the stock an ‘Outperform’ rating.
Teladoc (NYSE:TDOC) shares should bounce following a solid 1Q beat, according to analysts at Canaccord.
During the quarter ended March 31, 2023, Teladoc (NYSE:TDOC) reported total revenue of $629.2 million, which beat Canaccord estimates of $618.2 million.
Numinus Wellness CEO Payton Nyquvest spoke with analysts at Water Tower Research last week, and the firm came away bullish on the company’s prospects relative to its rivals.
An analyst note published after the psychedelics company posted fiscal second-quarter results highlighted Numinus' 4.4% increase in client appointments and 1% higher revenue per operating day compared to the previous quarter, with gross margins remaining firm at 39.3%.
Following the release of its fiscal second quarter results, Stifel GMP is reiterating its Buy rating on CGI, the Toronto- and New York-listed independent IT and business consulting services firm.
The group’s revenue was up 13.7% and diluted earnings per share (EPS) up 15% in fiscal 2Q, which CGI said was driven by a “combination of strong revenue growth and operational discipline.”
Universal Music can protect itself against the coming AI storm, that’s according to analysts at Deutsche Bank.
The German bank in a note following the record label’s quarterly results repeated a ‘buy’ recommendation.
Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF)'s investment case largely depends on the ongoing permitting process at its Inmaculada mine in Peru, according to a research note from RBC Markets.
The Canadian bank believes the company can manage any delays until the end of 2023, and that permitting risks are already reflected in its current valuation.
The proposed $69 billion deal between Microsoft Corporation (NASDAQ:MSFT) and Activision Blizzard Inc (NASDAQ:ATVI) isn’t dead yet, according to analysts at Wedbush.
Analysts are bullish despite an earlier ruling by the UK’s competition regulator blocking Microsoft’s takeover bid of the Call of Duty maker Activision Blizzard.
Analysts at Baird Equity Research have awarded Arbutus Biopharma a ‘Neutral’ rating after the early-stage biopharmaceutical company announced that its investigational new drug application for its novel, oral PD-L1 inhibitor AB-101 for hepatitis B has been put on a clinical hold by the US Food and Drug Administration (FDA).
The company said AB-101 was designed to “reawaken and boost” the immune system of chronic hepatitis B patients and believes that, when used in combination with other approved therapies, could potentially lead to a functional cure in hepatitis B patients.
Analysts at Oppenheimer & Co Inc have increased their price target for Alphabet Inc (NASDAQ:GOOG) after Google's parent company reported first-quarter results that showed encouraging advertising trends and a positive performance from Search.
The analysts maintained an ‘Outperform’ rating on the stock with a price target of US$145, up from $135 previously. Alphabet shares are currently trading at US$103.58.
Analysts at Wedbush have awarded an ‘Outperform’ rating and US$270 price target to Visa after the San Francisco-based payments and processing technology company swiped a second-quarter earnings beat after the bell on Tuesday.
The analyst noted that Visa’s revenue of $8 billion and adjusted earnings per share of $2.09 had exceeded the Street’s expectations, with growth driven by the uptick in non-US volume rates and value-added services.
Tesla Inc (NASDAQ:TSLA) has been downgraded to a 'hold' rating by Jefferies amid concerns about the electric vehicle (EV) manufacturer's ability to maintain its superior margins, or 'profit edge'.
While the investment bank believes that while Tesla's growth strategy over margin has its logic, it also questions whether the company's profit edge was structural or simply a timing difference.
RBC Capital has stated that more clarity is needed on UBS Group AG (NYSE:UBS) following its takeover of embattled rival Credit Suisse in order to put together a comprehensive investment case.
Following the first quarter update from the Swiss banking giant, RBC's estimates and price target of $20 for UBS remain mostly unchanged.
Microsoft Corporation (NASDAQ:MSFT) shares have surged Wednesday after the company cruised past expectations, and its cloud revenue growth caught the attention of analysts at Wedbush.
The firm reiterated its Outperform rating and raised its price target to $325 from $315 in a note to clients. The stock climbed more than 7% to $296 on Wednesday morning.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) has earned an ‘Outperform’ rating from Noble analysts who noted the competitive advantages of the company’s 100%-owned Clayton Valley lithium project located near Silver Peak in Nevada.
“Clayton Valley offers several competitive advantages, including a large land package in a mining-friendly state, an existing lithium carbonate equivalent resource base, well-developed infrastructure, direct lithium extraction technology, a fully operational pilot plant, and secured water rights,” the analysts wrote in a note to clients.
Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF)’s 131% revenue surge in 2022 was apparently not enough to ferment unbridled optimism among analysts at house broker Peel Hunt today, partially due to a four percentage point tightening of margins and slightly lower-than-expected earnings-per-share (EPS) read.
However, Learning Technologies’ acquisition of GP Strategies in the reporting period was a wise one that should pay off for the group.
Analysts at Laurentian Bank Securities have repeated their ‘Buy’ rating and C$2.50 price target for Troilus Gold Corp (TSX:TLG, OTCQX:CHXMF) following the release of assay results from Zone X22 at the company’s Troilus project in Quebec.
Troilus shares are currently trading at C$0.72.
Analysts at Wedbush noted that General Motors Company (NYSE:GM) delivered rock-solid March results out of the gates for 2023 with a strong outlook for the rest of the year and “a raised guidance bar” which is “music to the ears of investors.”
GM reported first quarter results that saw revenue rise 11% year-on-year to $39.99 billion, handily beating Wall Street’s estimate of $38.54 billion due to strong customer demand for its cars.
The UK is expected to approve a watershed deal between Microsoft and Activision Blizzard this week—at least, that is the prevailing analyst view.
The final report from the UK’s Competition and Markets Authority about Microsoft’s $68.7 billion takeover of the games maker is due by Wednesday.
Block’s former global head of sales has noted the robustness of the fintech company’s compliance efforts following fraud allegations from short-seller Hindenburg Research last month, according to Wedbush analysts.
The analysts wrote that, during a Wedbush-hosted advisor call, the former employee pointed to Square parent company Block’s legacy of strong internal compliance, amid the Street’s concerns over rising compliance costs and increased regulatory focus on the “small bank rule” loophole.
Eric Zurrin’s six-year stint as chief executive with Shanta Gold Limited (AIM:SHG, OTC:SAAGF) was a “transformative period” for the AIM-listed gold miner.
That is according to house broker Liberum, recalling how Zurrin brought the Singida gold mine in Tanzania online, as well as “adding huge growth potential” with West Kenya.
Shore Capital has reiterated its buy recommendation on accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) shares following the company's announcement of its $10 million acquisition of Paradocs Mountain Software, a provider of ski industry solutions.
According to Shore's analysts, the deal bolsters accesso's growing presence in the ski sector and brings 50 additional ski resorts into its portfolio, totalling 153 across North America.