Tag: Rating
-
Zoom: Why I Reiterate My Buy Rating (NASDAQ:ZM)
alexsl Zoom’s (NASDAQ:ZM) business, although performing with slow momentum, continues to outpace investor expectations. For FY 2024, Zoom management now expects to generate about $4,495 billion in sales and $1,743 billion in operating earnings. And while the new calendar year is unlikely to bring a pivot in Zoom’s organic growth trajectory, there is little indication…
-
We're increasing our price targets on 6 stocks, while changing our rating on Broadcom
The Club on Friday is changing the rating and price target on one of our favorite semiconductor stocks, while updating the price targets on four other names in the portfolio to reflect recent earnings, new internal developments and broader economic forces. AVGO YTD mountain Broadcom year-to-date performance. We’re increasing our price target on Broadcom to…
-
India must lower fiscal deficit ‘a lot more’ to get a higher rating, says S&P
S&P Global currently has a BBB- rating on India with a stable outlook. India needs to lower its fiscal deficit “a lot more” if it wants to get an upgrade, according to S&P Global Ratings. “The starting point of India’s fiscal performance has been very, very weak. And, even after the improvements that we have…
-
Is Apple's Valuation Undermining Your Retirement? (Rating Downgrade)
Justin Sullivan Introduction I covered Apple (NASDAQ:AAPL) in May and felt the company deserved a hold rating, as it is clearly a superior business, but was trading at multiples that were implying 15% growth while the macroeconomic backdrop became more hazy. Over the last two quarters, revenue continued to stagnate but the September quarter had…
-
Airbnb: Top Travel Leader 'At An Inflection Point' (Rating Upgrade) (NASDAQ:ABNB)
Klaus Vedfelt I updated Airbnb, Inc. (NASDAQ:ABNB) investors in early September, explaining that ABNB’s recovery seems robust, although the market had likely priced in its entry into the S&P 500 (SPX) (SPY). As a result, I urged investors to consider waiting for a steep pullback before considering the appropriate levels to add exposure. That thesis…
-
CS Disco Stock: Rating Downgrade To Neutral As I Am Concerned About Near-Term Execution
AmnajKhetsamtip Summary Readers may find my previous coverage via this link. My previous rating was a buy, as I believed CS Disco (NYSE:LAW) would be able to grow revenue by >20% over the next 2 years. I am revising my rating from a buy to a neutral rating as I become concerned about the current…
-
Tesla’s Cost Cuts Are A Strategic Error (Rating Downgrade) (NASDAQ:TSLA)
Xiaolu Chu Failure of price cuts Tesla, Inc. (NASDAQ:TSLA) sales growth has slowed noticeably over the last five quarters. Cracks started to appear in the growth story in the second half of 2022, but deliveries were maintained through the end of the year because of a strong backlog. Once that backlog was depleted, Tesla tried…
-
Tesla: Threats Multiply In China (Rating Downgrade) (NASDAQ:TSLA)
Xiaolu Chu Background It doesn’t take much from Tesla, Inc. (NASDAQ:TSLA) for the company to make headline news – each day, readers are algorithmically blasted with new tidbits about the company and its mercurial CEO, Elon Musk. Check out a few headlines from the last few weeks alone: Tesla added in its terms and conditions…