Rightmove PLC (LSE:RMV) demonstrated “resilience” to the ongoing housing downturn by upgrading its full-year outlook on Monday, despite trading ahead of expectations, according to analysts.
At its investor day this week, Rightmove said it aims to generate more than £600 million of revenue, over £35 million of commercial real estate revenue, and at least £25 million of mortgage revenue in 2028.
Amazon.com Inc (NASDAQ:AMZN) doubled down on its artificial intelligence (AI) offering at its annual AWS re:Invent event this week, where it unveiled a raft of new AI products.
In a report on Thursday, investment firm Wedbush described Amazon’s strategy in generative AI as triple-pronged, spanning three layers of the stack: infrastructure, foundation models, and applications.
Spotify Technology SA (NYSE:SPOT) could suffer from overblown expectations, according to analysts at Citi, who have raised doubts about the music streaming business’s ability to sustain growth.
Analysts at the bank downgraded the company’s stock from ‘buy’ to ‘neutral’ on Friday, meaning they no longer recommend buying the company’s stock.
The economic backdrop for ITV PLC (LSE:ITV) and other broadcasters is expected to remain challenging and has led Deutsche Bank to downgrade its view on the sector.
FTSE 100-listed ITV was cut to a 'hold' rating from 'buy' by the bank, with its target price lowered to 80p from 100p.
Moonpig Group PLC (LSE:MOON) enjoyed an uptick in its share price this October, after analysts at investment banking firm Jefferies said it was poised for a spurt in sales.
The bank reiterated its buy rating for the online greeting card retailer after the company held an annual general meeting, where it hosted an upbeat 'fireside chat'.
Future PLC (LSE:FUTR) is expected to unveil its annual financial results next week on 7 December, but despite a recent rally in its shares, the publisher is at risk of downgrades.
The multimedia company’s shares have rallied since the lows of June 2023, according to Canaccord Genuity (TSX:CF, LSE:CF).
After being dragged through the mud in 2023, Dr Martens PLC (LSE:DOCS)’s fortunes could soon be on the rise, reckon analysts at Bank of America, who stated that "meaningful change is underway at the business”.
Dr Martens revised its 2024 adjusted earnings guidance downwards by more than 9% this week, primarily due to a more than 20% cut in the implied second-half earnings, largely attributed to increased caution regarding the US market.
Tesco PLC (LSE:TSCO) led the FTSE 100 fallers on a buoyant day for the index after JPMorgan moved the food retailer to ‘underweight’ from ‘neutral’.
The investment bank downgraded the sector in September based on disinflation triggering lower like-for-like sales, impacting margins and valuations.
Alpha Financial Markets Consulting PLC (AIM:AFM) is showing revenue resilience despite a weaker economic backdrop, increased competition and a reduction in utilisation, according to Sitfel analysts.
A research note published on Friday highlighted Alpha's robust performance during the first half of the 2024 fiscal year and a recovery in utilisation post-summer lows, which is expected to contribute to better performance in the second half.
Pearson PLC (LSE:PSON) has been downgraded by Deutsche Bank, which sees the recent rally as running ahead of itself giving uncertainty about the group's strategic priorities and medium-term targets.
The tuition group’s improving profitability and cash generation, balance sheet strength and defensive qualities are key reasons to hold the stock, especially given the momentum in Assessment and Higher Education returning to growth.
After Tesla Inc (NASDAQ:TSLA) finally began delivering orders for its long-awaited Cybertruck overnight, following a highly anticipated launch event at its Austin Gigafactory, analysts said it could be longer than 18 months before the electric truck is cashflow positive.
Following the launch event, four years after boss Elon Musk first unveiled the design in somewhat chaotic fashion, 10 customers on the waiting list will receive the first models to roll off the production line.
Empire Metals Ltd's house broker SP Angel says it is too early to guess the value of the titanium at its Pitfield project in Western Australia, but the scale of the finds so far is impressive.
In a note, the broker said: “The scale of the potential titanium deposit looks unlike anything we have seen before with a strike extent of 30km and a 5km deep keel identified by coincident magnetics and gravimetric geophysical surveys".
UK-listed mining stocks climbed on the back of a surprise rise in manufacturing in China, boosting hopes that demand for commodities will remain strong from the world’s second-largest economy.
Top of the risers were Anglo American and Antofagasta, up 7.3% and 4.4% respectively, after they received an additional boost from UBS which upgraded both stocks to ‘buy’ from ‘neutral’.
Andrada Mining Ltd (AIM:ATM, OTC:AFTTF)’s interim results were broadly in line with forecasts, said broker Stifel, with slightly lower corporate costs and higher capitalisation of waste stripping helping the bottom line.
As of 27 November, management reported an unaudited cash balance of approximately £23 million.