Twilio Inc. reported conservative second-quarter guidance last week. On Wednesday, Twilio reported an adjusted first-quarter EPS loss of $1.23, missing consensus analyst estimates of a 21-cent loss. Revenue for the quarter was $875.4 million, beating analyst expectations of $864 million. Revenue was up 48 percent from a year ago. Twilio reported 268,000 active customer accounts…
Analyst Cuts Price Target on Shopify but Still Sees 37 Percent Upside: What You Should Know
Shares of Shopify, Inc. have shed about 58 percent value since the start of the year and an analyst at Piper Sandler is pointing towards incremental risk for the Canadian ecommerce company over the remainder of the year. The Shopify Analyst Brent Bracelin maintained an Overweight rating on Shopify shares but reduced the price target from $900 to $800, implying…
Here’s Why This Bitcoin Analyst Thinks BTC Is Approaching a Critical Juncture
Prominent cryptocurrency analyst Benjamin Cowen has shared his thoughts on his YouTube channel about Bitcoin’s future direction. What Happened He tells his over 725,000 subscribers that Bitcoin is putting in higher lows in a pattern that resembles other periods in BTC’s history. “There have been a couple of times where we’ve seen a similar type of…
Here’s Why Truist Slashed Price Targets on AMD, Intel, Nvidia
Truist analyst William Stein warned against the sustained semiconductor rally due to a sudden negative shift in demand signals from a wide swath of computer, consumer, and communications OEMs to at least some of their semi-suppliers. The cuts mainly related to production in the second quarter, but demand throughout the year’s second half remained strong….
Here’s How Analysts View Analog Devices Post Investor Day
Analog Devices Inc. highlighted its strategic vision and new financial model at its investor day meet. Piper Sandler analyst Harsh Kumar reiterated an Overweight with a $210 price target (30 percent upside). Kumar expects the company to benefit from several secular growth drivers within the semiconductor industry. Needham analyst Quinn Bolton set a Buy rating with a $205 (26 percent…
Amazon Remains JPMorgan’s Top Overall Idea in Internet
JPMorgan analyst Doug Anmuth says Amazon.com Inc. remains his top overall idea in the internet space. The re-rating came after the Department of Commerce released Q4 U.S. e-commerce sales of $258 billion, shy of the firm’s $270 billion estimates. The e-commerce sales were due to a softer than expected holiday season, the continued resurgence of brick and mortar retail…
Daiwa Gets Bullish on Tesla Citing Its Edge Amid Russia-Ukraine Crisis
Daiwa analyst Jairam Nathan upgraded Tesla Inc. to Outperform from Neutral with a price target of $900, down from $980. It implies an upside of 12.4 percent. The analyst says renewed supply chain concerns combined with higher oil prices enhance Tesla’s competitive advantage over legacy internal combustion engines. Tesla’s ability to export out of “cost-efficient” China and its…
4 Reasons Why This Micron Analyst Is Turning Bullish on the Chipmaker
Shares of memory chipmaker Micron Technology, Inc. received a bullish recommendation from Wedbush on Monday. The Micron Analyst Matt Bryson upgraded Micron shares from Neutral to Outperform and increased the price target from $100 to $120. The Micron Takeaways Wedbush’s optimism on Micron is predicated on upgraded NAND expectations, faster semiconductor content growth forecast, increased…
‘Bringing Back the Magic’: 4 Disney Analysts React to the Mouse’s Q1 Beat
Walt Disney Co. shares were rallying Thursday after the company reported a big first-quarter earnings beat. Disney reported fiscal first-quarter adjusted EPS of $1.06 on $21.82 billion in revenue. Both numbers exceeded consensus analyst estimates of 63 cents and $20.91 billion, respectively. Revenue was up 34 percent from a year ago. Disney reported 129.8 million…
AMC, GameStop Remain ‘Dangerously Overvalued’ a Year After Meme Stock Frenzy: Analyst
One year has passed since the rise of “meme stocks” that included triple-digit increases in the prices of GameStop Corp. and AMC Entertainment Holdings Inc. While both stocks have come down from peaks in 2021, there could be more room to fall, according to a new report. What Happened In January 2021, one of the…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`