Analysts at Bank of America (BofA) have reiterated their ‘Buy’ rating and US$160 price target for International Business Machines Corp. (NYSE:IBM) on the strength of the technology company's artificial intelligence (AI) offering watsonx.
IBM’s shares traded at about US$141.50 on Thursday afternoon.
Roblox Corp (NYSE:RBLX) faces an uphill battle in the third quarter, according to analysts at Jefferies.
The firm reiterated its Buy rating for the company but docked its price target to $34 from $38.
Analysts at Baird have lowered their price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) stock due to their reduced data center revenue outlook and expectation it will take longer than initially thought for the chipmaker to gain artificial intelligence (AI) market share.
They slashed their price target from US$170 to US$125 but awarded the stock an ‘Outperform’ rating.
The bond market is unleashing historic levels of pressure on stocks, potentially delivering a historic "Mike Tyson moment".
This is the catchy take from Saxo Bank's chief investment officer Steen Jacobsen, with his colleagues in the equity strategy team suggesting how investors might think about reacting.
Three and a half years after Anglo American PLC (LSE:AAL) took over Sirius Minerals' Woodsmith polyhalite mine, Barclays said it is "more convinced" than ever about the market opportunity and potential benefit that the POLY4 fertiliser can deliver.
Analysts at the bank said they see "significant upside value potential" from the miner in coming years, with the agriculture and agronomy industry on the cusp of major change as demand for food rises but usable land falls and chemical fertilisers are questioned.
Cavendish has initiated coverage of Hercules Site Services PLC (AIM:HERC) with a bullish 55p price target, implying a 100% upside against the AIM-listed group’s publication price.
“In our view, the group is well positioned to benefit from the structural imbalance of skilled labour supply within UK construction, alongside the positive backdrop for investment into UK infrastructure,” said Cavendish.
UK share performance has been disappointing this year but the outlook is brightening and analysts at RBC Capital have removed their negative stance on London stocks, even though remain cautious.
The FTSE All-Share Index has been hit by its tilt towards defensive and value sectors, which has made it vulnerable during periods when growth stocks are favored, said Thomas McGarrity, the head of equities for RBC Wealth Management in the British Isles.
UBS is optimistic about the London Stock Exchange Group PLC (LSE:LSEG) (LSEG) as it approaches its third-quarter results on 19 October, with a core bullish thesis fueled by the strengthening US dollar.
The bank has raised LSEG’s 2023-25 earnings-per-share (EPS) estimates by 1-3%, attributing this mainly to the dollar's 7% appreciation against the pound since mid-July.