Information Services Corporation (TSX:ISV)'s share price is seen rewarding investors with an almost 40% return over the next 12 months by analysts at Acumen Capital.
The analysts see the ‘Buy’-rated stock reaching C$31.75, up from its current share price of C$23.49.
Apple Inc (NASDAQ:AAPL, ETR:APC) is set to release its Vision Pro on February 2 and analysts at Bank of America Corp (NYSE:BAC) are bullish on the headset as a revenue driver.
The firm upgraded the tech giant to a 'Buy' rating and raised its price target to $225 from $208. Shares of Apple improved 3.3% Thursday morning to $188.68.
Shareholders may be tempted to look away when Halfords Group PLC (LSE:HFD) reports its next quarterly results next week.
That may be the case after Halfords issued a profit warning in November that hit its share price within the first hour of trading.
Microsoft Corporation (NASDAQ:MSFT) has seen its price objective raised by Bank of America (BoA) analysts from $430 to $450 on their thesis that its Azure and Office offerings will drive upside in the fiscal second quarter.
Shares of Microsoft traded 0.7% higher at US$392.18 late morning on Thursday.
Taiwan Semiconductor Manufacturing Company (TSMC), the largest semiconductor fabrication firm in the world, has a “sunny 2024 outlook” amid a cyclical rebound in global wafer demand, according to Wedbush analysts.
Their bright outlook comes despite a ho-hum fourth-quarter trading update posted on Thursday, which noted that earnings per share fell 19.3% year on year to $9.21.
Royal Mail owner International Distributions Services PLC (LSE:IDS) took the opportunity of the group's improved festive performance to again complain that it is struggling to deliver letters at a profit, while analysts said its trading statement was not as flattering as it seemed.
The FTSE 250-listed company today boasted of its best Christmas operational performance for four years, with Royal Mail meeting its letter deadline commitments and revenue accelerating to 9.8% for what was its third quarter and up 3.8% over the nine month to the end of December.
ASOS PLC (LSE:ASC) and Boohoo Group PLC (AIM:BOO), the online fashion retailers, will not be updating shareholders on their performance over the festive period, furthering the concerns surrounding two of London’s most shorted stocks.
Investors would have been expecting a post-Christmas trading update from both companies around this period of January, but Shore Capital has revealed neither is planning to.
Coro Energy PLC (AIM:CORO) is pushing ahead with necessary work to support its strategic pivot toward renewables and is set to benefit from its proposed funding agreements, analysts say.
Coro announced Vietnamese lender HDBank had offered a debt financing agreement to support the roll out of its solar panels in the country on Thursday.
Pubs and restaurants were the best-performing hospitality venues over Christmas, solidifying analysts’ confidence that Loungers PLC (AIM:LGRS) and Mitchells & Butlers PLC (LSE:MAB) are the top stocks in the industry.
Like-for-like pub sales jumped by 11.4% year-on-year in December, while restaurant revenues lifted by 11%, data from the CGA revealed.
N Brown Group PLC (AIM:BWNG), the owner of fashion brands Jacamo, JD Williams and Simply Be, dropped by over 2% on Thursday after overall group revenue slipped by 10% in the three quarters to January.
Overall group revenue for the year-to-date was at £523 million, with sales during the third quarter, which included the festive period, accounting for around £225 million of the total.