Nvidia (NASDAQ:NVDA, ETR:NVD) shares moved lower afterhours despite the chipmaker delivering third quarter revenue and profits above estimates and better-than-expected revenue guidance for the December quarter.
Earnings per share more than doubled to $0.81 from $0.40 in the comparable year-ago quarter, which beat estimates of $0.75.
Gold is looking a better bet than copper in 2025, according to analysts at UBS, given risks to global growth, trade and investment.
Copper is the metal for a growing world economy and gold is the haven play, which UBS thinks will hold sway as the growth-inflation mix deteriorates.
Deutsche Bank has upgraded United Utilities Group PLC (LSE:UU.) to 'buy' from 'hold', raising its price target from 1,130p to 1,200p.
The move marks the bank's first positive recommendation in the water utility space in 18 months.
Panmure Liberum has reiterated its 'buy' recommendation for shares in AFC Energy PLC (AIM:AFC, OTC:AFGYF), maintaining a target price of 55p following a recent trading update.
The broker adjusted its cash flow assumptions, noting some product shipments occurred near the fiscal year-end, but left revenue forecasts unchanged.
The Sage Group PLC (LSE:SGE) shares jumped to a new all-time high on Wednesday after it announced reassuring results and a £400 million share buyback, but some analysts reckon the group's growth rates have reached a plateau.
Full-year sales grew 9.2% organically, in line with the average analyst forecast, while revenue for its 'cloud-native' products grew 22% on an organic basis to make up 31% of the total.
Investors looking for ideas in 2025 should focus on the FTSE 250-listed companies, according to Swiss bank UBS.
It sees the UK economy offering a “selective yet compelling growth opportunity”, particularly for domestically focused small and mid caps (SMIDs).
UBS has reaffirmed its buy rating on British Land Company PLC (LSE:BLND) with a 515p price target following the real estate investment trust’s resilient first-half earnings.
The price target implies a 36% upside to British Land’s current share price of 379.4p.
Sirius Real Estate Limited (LSE:SRE, JSE:SRE, OTC:SRRLF) has €200 million of buying capacity to boost its business property portfolios in Germany and the UK, according to Jefferies.
The US bank, which has a 115p share price target, says that firepower comes from the leverage of its established platform in Germany to generate higher rents on “move-ins”.
AstraZeneca PLC's (LSE:AZN) 'sell' rating has been removed by UBS follows a 24% drop in the share price over three months, triggered by ongoing investigations in China and disappointing trial data for its cancer drug Dato-DXd.
The Swiss bank upgraded to a 'neutral' rating while maintaining its 12-month price target of 11,300 pence.
Genus PLC (LSE:GNS) shares trotted higher as the animal genetics company issued an encouraging statement ahead of its annual general meeting, though analysts warned that the re-election of Donald Trump and his appointment of Robert F Kennedy Jnr (RFK) as health minister is casting a shadow over the shares.
Trading in the first four months of the cattle sperm group's financial year has been "encouraging", it said.