Small caps remain at a near-record discount relative to larger counterparts, presenting potential for returns despite a recent rally that led to expanded multiples across the board, according to Bank of America analysts.
A February rally saw multiples expand across the board, with small caps leading the charge.
TikTok is unlikely to face a ban in the United States, according to media industry insiders and analysts, despite the House of Representatives overwhelmingly supporting a bill on Wednesday that would prohibit the app if its owner refuses to sell its stake.
Tesla Inc (NASDAQ:TSLA, ETR:TL0) is set to experience lower deliveries in the first quarter of 2024 as both demand and production slows, analysts at UBS believe.
First-quarter deliveries are expected to come in at 432,000, down from estimates of 466,000 and 10% below market consensus of 477,000, the Swiss bank said in a new research note.
Super Micro Computer Inc (NASDAQ:SMCI) is well set to take advantage of the growing AI server market, analysts at the Bank of America believe.
As the group continues to put in place additional capacity to support the increased demand and revenue experts at the US bank have upgraded it share price target.
Questions linger over the fate of the immensely popular social media app TikTok after the US House of Representatives passed a bill forcing Chinese parent company ByteDance to divest or face a full-on ban.
The ultimatum emerged in a bipartisan vote on Wednesday when 352 House members voted to force ByteDance to sell TikTok’s US operations to an approved buyer.
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) has been given a positive evaluation from Jefferies following the fund's half-year 2024 earnings report.
Jefferies maintained a ‘buy’ recommendation on the stock, with a price target of 90p.
THG PLC (LSE:THG) is likely to enjoy growth across all of its divisions this year, analysts have forecast, with growth expected to be fuelled by strategic partnerships.
“Although a divisional IPO has been mooted, we see a strategic partnership as potentially more likely, opening up new growth and synergy options,” Jefferies said in a note on Thursday.
NVIDIA Corp (NASDAQ:NVDA, ETR:NVD)'s upcoming GTC conference next week could provide a positive boost to its shares if it highlights the robust demand for its AI chips, analysts believe.
The global AI conference led by the chipmaker takes place from March 18 to 21 and will feature insights from developers, engineers, inventors, and researchers.
BP PLC (LSE:BP.) appears confident in hitting pre-tax earnings of between US$46 billion and US$49 billion by 2025, UBS analysts said following recent meetings with the oil giant.
“This confidence comes from the high grading of its upstream portfolio through the ramp-up of higher-margin projects, increased presence in the liquified natural gas and power trading markets and integration of acquisitions already made,” a Thursday note said.
Trainline PLC (LSE:TRN) pleased the market with news of expectation-beating results on Thursday morning, driven in part by a drop in the number of rail strikes in the UK.
Earlier, the group reported sales of £5.3 billion, which was at the top end of a guided 17% to 22% range. Analysts said the solid results should pave the way for upgrades.
ITV PLC (LSE:ITV) is confident that 2024 is going to be a better year for advertising and its also certain that it is positioned to capture more market share as the industry backdrop improves.
That, at least, is the view of analysts at Citibank. It comes after the American investment bank hosted chief executive Carolyn McCall and chief financial officer Chris Kennedy at a conference.
JP Morgan has increased its price target for Barclays PLC (LSE:BARC) from 200p to 220p, emphasising the potential value unlocked through the bank's strategic evaluation of its Merchant Acquiring business.
This operation, integral to processing credit and debit card transactions for businesses, is reportedly worth around £1 billion.
Government plans to price household energy bills based on the types of power stations nearby could receive scrutiny from the industry over hampered returns for developers.
Under the scheme, discussed in a government review on Tuesday, billpayers would see energy costs reduced in their local area if close to sources of cheaper renewable power, such as wind or solar.
Manchester United Plc (NYSE:MANU) shares represent a significantly less attractive investment in the wake of Sir Jim Ratcliffe’s INEOS taking its influential stake in the business, according to analysts at Deutsche Bank.
The German bank, in a note, has cut its share price target to $16.00 from $20.30 (versus a market price of $14.67) and retained a ‘hold’ rating.
JP Morgan has upgraded its price target for Legal & General Group PLC (LSE:LGEN) to 330p from 305p, reflecting its positive assessment of the insurer's future performance.
It has done so ahead of a capital markets event, set to unveil new CEO António Simões' strategy and to spotlight a simplified business approach, growth opportunities, and key financial metrics and targets, including L&G's new capital management policy.
AFC Energy PLC (AIM:AFC, OTC:AFGYF) has made significant strides in enhancing the efficiency and reducing the costs of its S-Series fuel cell system, according to Peel Hunt analysts.
These strides were demonstrated during the 30kW H-Power Generator Factory Acceptance Test (FAT) with Speedy Hydrogen Solutions in March 2024.
Vistry Group PLC (LSE:VTY)'s shares were up 9% on the back of better-than-expected full-year results - however there is still further to go for the stock, according to investment bank Peel Hunt.
The building group's earnings multiple is 12 times for 2024, falling to 10 times the following year. "We continue to think these multiples offer good value, especially as the share buybacks step up over time," Peel noted, repeating its 'buy' advice and 1,300p price target.
European expansion will be the key driver for ticket group Trainline PLC (LSE:TRN), which said its revenues would be at the top end of already-upgraded guidance.
That, at least, is the conclusion of Shore Capital in the wake of the Thursday update, which revealed total group sales increased by 22% to £5.3 billion, against the improved guidance range of 17% to 22%.
ATOME Plc's (AIM:ATOM) granting of an Enterprise Investment Scheme (EIS) “is positive and should broaden the company's potential investor base as it continues to develop and grow”, according to equities analysts at SP Angel.
The company, the sole international green fertiliser project development company listed on the London Stock Exchange, was granted Enterprise Investment Scheme (EIS) status by His Majesty's Revenue and Customs (HMRC) for investments made by certain qualifying shares.
Shares in IG Group Holdings Plc (LSE:IGG) offer "deep value", according to Shore Capital in response to the financial markets group's latest trading statement.
IG reported third-quarter revenues of £240 million, barely changed from the same period last year.
Keywords Studios PLC (AIM:KWS, OTC:KYYWF), a leading service provider to the global video game industry, has continued its trajectory of steady growth, according to recent reports by Stifel and Panmure Gordon.
Despite concerns over a weak pipeline for AAA titles and potential disruptions from artificial intelligence (AI) technologies, the company has reassured investors with its latest financial results and strategic initiatives.
Deliveroo PLC (LSE:ROO) earnings beat City forecasts but analysts suggested the guidance delivered by management was disappointing, like a cold chip supper.
Underlying earnings (EBITDA) of £85 million was a positive swing from a loss of £45 million a year earlier, with the meal delivery company's outlook pointing to further growth to £110-130 million in 2024 and cash flow becoming positive.