Analysts at Wedbush have reiterated their ‘Outperform’ rating and US$26 price target for IMAX ahead of the company’s upcoming second-quarter results due on Wednesday, July 26, after the market close.
The analysts wrote that, for 2Q, they expect the entertainment technology company to post revenue of $87 million, slightly below the consensus expectation of $88 million.
Tesla Inc (NASDAQ:TSLA) shares are down Thursday following the company’s second-quarter earnings, but analysts at Wedbush have taken a more bullish stance.
The firm maintained its Outperform rating for the Elon Musk-led electric vehicle producer and upped its price target to $350 from $300.
Analysts at UBS have maintained their ‘Buy’ rating on Aritzia but lowered their price target on the stock after the Canadian clothing retailer lowered its guidance when handing down its first quarter fiscal 2024 earnings.
They wrote in a note to clients that they maintained their ‘Buy’ rating for three reasons, the first being their view that sentiment on the stock was near a trough level based on their conversations with investors.
Hydrogen technologies will be a "pivotal" source of energy over the coming decades, while carbon capture, utilization, and storage (CCUS) and nuclear fusion are "unlikely to have a significant impact" before 2030, according to JPMorgan.
In the investment bank's annual global energy outlook, it did note that hydrogen (H2) should play a crucial role, particularly for hard-to-abate sectors such as steel, ammonia, and heavy-duty transportation, the amount of investment could be hindered by regulatory impediments.
Analysts at Wedbush have reiterated their ‘Outperform’ rating and upped their price target for Netflix following the streaming giant’s second quarter results, despite investor disappointment over the report sending the stock almost 9% lower.
The analysts raised their price target from $475 to $525, reflecting a price-to-earnings multiple of 30 times their 2025 earnings per share (EPS) estimate and 29 times their 2032 free cash flow estimate of $12 billion, discounted at the 10-year treasury rate.
Cheniere Energy, Inc. (NYSE:LNG) units continue to be one of the biggest laggards of its peer group, according to UBS analysts, who upgraded the stock to ‘Buy’ from ‘Neutral’ with a 12-month target price of $57 per units.
In a note to clients, they view the sentiment surrounding CQP as being at an inflection point as global liquefied natural gas (LNG) improves on fundamentals, the company’s cash volatility decreases as 95% of its LNG output is contracted in 2024, as well as future growth opportunities at the Sabine Pass Expansion project.
Facebook and Instagram’s parent company Meta Platforms Inc (NASDAQ:FB) and Pinterest Inc (NYSE:PINS) top the pecking order among online advertising companies for analysts at UBS ahead of the kick-off of Big Tech earnings next week.
In a note to clients, the analysts wrote that they believe advertising spend saw some quarter-over-quarter improvement during 2Q with the expectation for further improvement in the second half of 2023.
KEFI Gold is set to become “AIM’s next gold producer” according to house broker WH Ireland, following the signing of the announcement of the final umbrella agreement for financing its Tula Kapi project in Ethiopia.
Construction is expected to start later this year, with the first gold production and cash flow coming as early as 2025, the broker said.
Shell PLC (LSE:SHEL, NYSE:SHEL) has the strongest balance sheet of all the European integrated oil majors and warrants a ‘buy’ recommendation, that’s according to analysts at Berenberg, with a price target of £28.50 which sees 100p of upside from the current market price of around £27.50.
“Shell released its second quarter update note on 4 July, pointing to a weaker quarter (as expected), which might be partially offset by working capital inflows,” Berenberg analyst Henry Tarr said in a note.
Keywords Studios PLC (AIM:KWS, OTC:KYYWF), the video game developer, is well-positioned to excel should the gaming industry pick up some momentum in the next couple of years, analysts at Shore Capital Group (LSE:SGR)l said.
During the pandemic, with people stuck at home and with little to do, the video game industry soared with Keywords Studios ending up being one of the largest benefiters lifting more than 100%.
Ocean Power Technologies Inc (NYSE-A:OPTT) (OPT) expects its contract orders to more than double to $15 million in the 2024 financial year, the intelligence maritime solutions and services provider highlighted when handing down its latest quarterly results.
Analysts at Water Tower Research noted this expected contract growth, which is projected to be driven by the ramp-up of OPT’s data-as-a-service (DaaS) line, wave adaptive module vehicle (WAM-V) sales and leases, and consulting business inflows.
Analysts at UBS have downgraded their rating on State Street Corporation (NYSE:STT) from ‘Buy’ to ‘Neutral’ following the bank’s 2Q earnings report as it once again faces pricing pressure.
The analysts also lowered their 12-month price target on the stock from $90 to $72 based on a roughly nine times multiple of their 2024 earnings per share estimate.
The focus of Tesla Inc (NASDAQ:TSLA)'s upcoming second quarter earnings report will once again be its margins after the electric vehicle (EV) maker has repeatedly slashed its prices in 2023, according to analysts at Wedbush.
“While 2Q headline numbers of $25 billion [in revenue] and $0.81 [in earnings per share] look beatable, the big focus on this print will be auto gross margins (excluding credits) to gauge the impact of the price cuts and what this means for margins going forward,” the analysts wrote in a note to clients.
Analysts at Hannam & Partners believe Steppe Gold shares currently have 248% upside potential after the miner announced it has secured US$150 million for the Phase 2 expansion of its ATO Gold Mine in Mongolia.
As noted by the analysts, the expansion will extend the life of the mine by 12 years to 2036 with an average annual production of 103,000 ounces on a gold equivalent basis, a total of 1.237 million ounces on a gold equivalent basis recovered, and expanded production in 2025.
Analysts at Leede Jones Gable have initiated coverage on Gamelancer Media Corp. (CSE:GMNG, OTCQB:GAMGF) with a ‘Buy’ rating and C$0.40 price target, a 300% upside on the stock’s current price.
In a note to clients, the analysts wrote that, as social media has changed how companies communicate with their target audiences, Gamelancer was at the forefront of this movement.
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) agreement with Mosaic for Brazil rare earths project “offers significant upside potential for Rainbow” according to Berenberg.
Mosaic is a major producer of phosphoric acid in Brazil and the broker expects the Uberaba project to be larger than the Phalaborwa project in scale, which Berenberg believes to be “one of the best, highest-margin undeveloped rare-earth projects globally.”
Just Eat Takeaway.com's (LSE:JET, NASDAQ:GRUB) glass is “half full” according to Deutsche Bank which has slashed its price target ahead of its first-half results, due next week.
Analysts at the German bank expect the food delivery service to confirm targets for profitability and cash flow, although these reassurances will be offset by another quarter of falling gross transactions value year-on-year.
Liberum has called Haleon PLC (LSE:HLN, NYSE:HLN) an “excellent choice” to take on commercialisation responsibilities in the US Futura Medical PLC (AIM:FUM, OTC:FAMDF)’s MED3000 topical, gel-based erectile dysfunction treatment.
Haleon, the 2022 spin-out from GSK, will now be responsible for all investments and activities related to the launch and marketing of the product in the US, while Futura will provide ongoing technical support for over-the-counter product development and commercialisation opportunities.
To say that Rio Tinto Plc's (LSE:RIO) strategic investment in Sovereign Metals Limited (ASX:SVM, OTC:SVMLF, AIM:SVML) is a ‘positive’ may be something of an understatement, indeed, in London the exploration share shot up nearly 25% following Monday’s news.
Rio is taking a 15% stake in the ASX and AIM-listed mining junior in exchange for a A$40 million investment to help drive forward the Kasiya rutile-graphite project in Malawi.
Analysts at Citi are turning bullish on Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF), just not bullish enough to shift upwards from its current ‘neutral’ rating for the London-listed shares.
Instead, for now at least, it is on Citi’s “30-day positive catalyst watch” ahead of an anticipated trading update, scheduled for Thursday 27 July.