Netflix Inc (NASDAQ:NFLX) made the “Best Ideas List” of analysts at Wedbush, with the firm arguing that the company can generate “significantly more” free cash flow than even its own guidance suggests.
The firm maintained its Outperform rating and $410 price target. Shares of Netflix were down 1.4% Friday afternoon at $366.20.
US lithium producer Albemarle has earned a Buy rating from UBS, with the broker calling it the best growth opportunity in chemicals.
In a note this week, UBS said it was upping its rating on Albemarle to Buy from Neutral, citing the current inflection in China lithium pricing and 2023 earnings reset leading to “increasingly positive sentiment” on shares.
Cisco Systems (NASDAQ:CSCO) has earned a repeat ‘Neutral’ rating from UBS analysts following the release of its third quarter fiscal 2023 results.
The analysts wrote in a note to clients that, as expected, a significant improvement in the supply chain during the quarter drove Cisco’s revenue to $14.6 billion, 1% above their estimate.
Analysts at Stifel noted that Curaleaf Holdings Inc reported first-quarter financial results that slightly exceeded the company’s own guidance, and came in slightly above consensus estimates.
“In addition, management issued 2Q/23 revenue guidance in-line with consensus, setting the company up to meet its previous 2023 sales guidance under the current run-rate scenario, which we view positively,” Stifel analysts said in a note to clients.
Analysts at Stifel GMP have reiterated their ‘Speculative Buy’ rating for Patriot Battery Metals after the company posted positive results from its winter 2023 drill program at its Corvette lithium property in the James Bay region of Quebec.
“Today's results include some exceptional high-grade intercepts over very wide widths, showcasing the deposit's amenability to a future low-cost open pit development scenario,” the analysts wrote in a note to clients.
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) was today boosted as its finance facilities got a favourable nod after its syndicate of fourteen banks reviewed the North American oil and gas firm’s borrowing base.
The borrowing base was retained at US$375mln though its facility which is described as a ‘sustainability-linked loan’.
Ilika still has plenty to offer investors even though the share price is up 100% year-to-date, according to analysts at Liberum.
First deliveries of its Stereax miniature solid-state batteries to Blink Energy, CubeWorks and Lura Health suggest commercialisation of its medical SSBs is gaining momentum.
"The worst should be behind us; onwards and upwards from here." They were the words of the mining team at Liberum, the boutique investment bank, analysing the first-quarter results of Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL).
The company's performance was marred by a less-than-auspicious start to oxide gold ore production at the Bilboes operation in Zimbabwe. Its main Blanket operation encountered operational and technical difficulties.
Analysts at Canaccord Genuity (TSX:CF, LSE:CF) remain positive on Spectrum Brands Holdings despite the company reporting underwhelming second quarter results and cutting its full-year 2023 guidance for the second time in as many quarters.
The analysts increased their price target from $82 to $87 with a ‘Buy’ rating. Spectrum shares are currently trading at $72.
Analysts at Stifel GMP have reiterated their ‘Buy’ rating and price target of $50 on Docebo Inc after the learning management system provider announced a share buyback in the form of a new normal course issuer bid (NCIB).
Under the NCIB, Docebo can purchase up to 5% of its common shares, equal to 1.65 million shares, over the next 12 months.
Tesla CEO Elon Musk has reassured investors that his focus continues to remain on the electric vehicle (EV) manufacturer going forward at the company’s annual shareholder meeting held in Austin on Tuesday.
“With the Twitter soap opera finally in the background with the impressive announcement of Linda Yaccarino stepping in as CEO and Musk moving to a product development role at Twitter, Elon reiterated to investors that he will remain CEO of Tesla to lead this period of innovation and Twitter will comprise less of his time which is music to the ears of Tesla shareholders,” Wedbush analysts observed.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) Anchois gas project looks set to transform Morocco’s energy security dynamic at a time of long-term instability in European gas markets, Liberum Capital analyst Sam Wahab said in a note.
Liberum in a note began its coverage with a ‘buy’ recommendation with Wahab pitching a price target of 45p, suggesting substantial upside to the current price of 16.12p.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) new and oversubscribed US$22mln equity funding represents a “show of force” and could lead to a rerating of the explorer’s shares, that’s according to stockbroker WH Ireland.
In a statement this morning Pantheon confirmed it had closed the books on a brief and successful bookbuild process which initially sought to raise US$10.5mln - it will now issue 104.17mln new shares priced at 17p each through the placing.
Ceres Power is a compelling investment at current levels, believes broker Liberum, which likes the fuel cell business for its potential to disrupt incumbent alkaline and PEM competitors.
According to the broker, Ceres is a “must-have” in any portfolio of energy transition investments given it has both fuel cell (power) and electrolyser (hydrogen production) exposure.
When Shore Capital Markets initiated coverage on Seeing Machines earlier this month, the broker saw aviation as a nascent opportunity for the AIM-quoted vision-based autotech company.
Yesterday’s announcement that Seeing Machines has partnered up with Raytheon subsidiary Collins Aerospace in a US$10mln (£8mln) collaboration appears to have vindicated this line of thought.
The upcoming merger between Hut 8 Mining and USBTC is the biggest upside catalyst for Hut 8 stock, according to analysts at Canaccord Genuity (TSX:CF, LSE:CF) following the release of the cryptocurrency miner's first quarter results on May 11.
Hut is getting a lot from the all-stock deal, which assigns a roughly 50/50 equity for both entities, the analysts wrote.
Home Depot shares fell Tuesday after the company’s first-quarter revenue was indicative of softening demand.
The hardware retailer’s revenue for the first quarter declined 4.2% from the same period last year. Same-store sales growth also disappointed, with a 4.5% decrease, significantly lower than the estimated 1.42% decline.
Exact Sciences (NASDAQ:EXAS) Corporation earned a price target raise from Canaccord Genuity (TSX:CF, LSE:CF) after the molecular diagnostics company specializing in the detection of early-stage cancers reported its first quarter results.
The analysts upped their price target from US$75 to US$92 and repeated their ‘Buy’ rating on the stock. Exact shares are currently trading at US$79.
Planet 13 Holdings is seen returning to top-line growth and a more sustainable earnings before interest, taxes, depreciation, and amortization (EBITDA) run rate in the second half of this year by analysts at Canaccord Genuity (TSX:CF, LSE:CF).
On the release of its first quarter results, the analysts noted that Planet 13 delivered revenues in line with expectations during a quarter challenged by pricing pressures.
Canadian miner Newmont’s acquisition of Newcrest Mining has solidified its position as the world’s largest gold producer with pro forma attributable gold production of more than 8 million ounces, almost double that of the second largest producer Barrick Gold, analysts at Canaccord Genuity (TSX:CF, LSE:CF) have highlighted.
Newmont announced on Sunday evening that it has reached an all-share, friendly acquisition deal with Australian gold and copper miner Newcrest, which the analysts noted was in line with the best and final offer previously indicated by Newmont on April 10.
Analysts at Canaccord Genuity (TSX:CF, LSE:CF) have repeated their US$1 price target and ‘Hold’ rating for Jushi Holdings after the multi-state cannabis operator reported its first quarter financial results.
Jushi’s shares are currently trading at US$0.47.
Shore Capital has examined the prospects of GSK PLC (LSE:GSK, NYSE:GSK)'s newly approved respiratory syncytial virus (RSV) vaccine, Arexvy, and believes it could eventually be a blockbuster several times over.
Although the broker is keeping its forecast of $1bn sales for Arexvy by 2027, it suggests the vaccine's market opportunity at the peak of it sales could be $9bn a year.