Nvidia (NASDAQ:NVDA, ETR:NVD) remains compelling at its current valuation amid enhanced near-term stock volatility, analysts at Bank of America believe.
Analysts repeated their ‘Buy’ rating on Nvidia and a $165 price target. Nvidia shares traded hands at $107 on Thursday afternoon having shed about 10% this week on investors’ growth concerns.
Today’s first-half results from Vistry Group PLC (LSE:VTY) offered further vindication of the housebuilder's strategic pivot to a partnership model at the turn of the decade, according to analysts.
Vistry commands a unique position in the UK housebuilding sector in that three-quarters of its house completions are done through ‘partnerships’.
Ecora Resources PLC's (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) half-year has prompted RBC to remove US$83 million in investments from its 2024/2025 forecasts due to comments on the call on the Incoa project and the unlikely near-term execution of the Piaui option.
As a result, net debt and acquisition costs are reduced, increasing RBC’s price target from 100p to 120p.
Shares in Sage Group PLC (LSE:SGE) have been upgraded by UBS to 'neutral' from 'sell', reflecting a more balanced outlook for the UK-based accounting and payroll software company.
The Swiss bank noted that while Sage has experienced growth due to price increases in recent years, this is expected to slow as inflation moderates.
ASOS PLC (LSE:ASC) shares rallied 20% to a 12-month high on Thursday following news that it intends to sell the lion’s share of its Topshop and Topman brands to a Danish clothing group.
This rally, however, barely scratches the 90%-plus decline in ASOS’ market valuation since hitting a peak in March 2021.
Ilika PLC (AIM:IKA, OTCQX:ILIKF) were higher in early afternoon trading following positive safety results for its Goliath solid-state battery prototypes.
Independent testing was conducted by University College London and showed that the Goliath P1 cells outperformed their lithium-ion counterparts in terms of safety, the company highlighted. The assessment involved a nail penetration test, designed to simulate a catastrophic failure scenario.
Helium One Global Ltd's (AIM:HE1, OTCQB:HLOGF) latest test of its Tanzania well feels like a "big step towards demonstration of commerciality", said Panmure Liberum in a note.
Itumbula West-1 (ITW-1) flowed at a maximum rate of 2,701 barrels per day, equating to 834 standard cubic feet per day (scf/d) of helium.
Shield Therapeutics PLC (AIM:STX, OTCQX:SHIEF)'s progress was lauded by Peel Hunt in research that followed the speciality pharma group's interims on Wednesday.
"We continue to think the current underlying combination in pricing and prescription growth is encouraging," the City broker said in a note to clients.
Funding Circle Holdings PLC (LSE:FCH) shares were sent skywards on Thursday after the commercial lender posted what analysts said would be the first of a string of improving profits.
Deutsche Bank noted a £0.5 million pre-tax profit over the first half, against a £7.4 million loss previously, which meant Funding Circle had hit an inflection point “earlier than we expected”.
Analysts said that proposals for Royal Mail to deliver second-class letters less frequently by regulator Ofcom today are only "partially" what the company requested.
A new consultation was launched today with proposals that are "at least partially consistent with what Royal Mail has requested", said analysts at broker Peel Hunt.