As the world’s apex cryptocurrency kicks off 2022 with a dizzying collapse, analyst Benjamin Cowen says that $30,000 may be the bottom for Bitcoin. Talking to his 693,000 YouTube subscribers, Cowen said that he has identified that level as the potential floor price for BTC as the flagship crypto tumbles over 50 percent. “Clearly $30,000 is a big area as well….
How Far Will Bitcoin Fall? Crypto Analyst Benjamin Cowen Identifies the Bottom
Apple Analyst Explains Why Cupertino Is Tracking Ahead of Expectations in December Quarter
Apple Inc. shares, which have come off from their all-time highs reached at the start of the year, could have an impending catalyst in the form of its earnings report. The Apple Analyst KeyBanc Capital Markets analyst Brandon Nispel reiterated an Overweight rating and $191 price target on Apple shares. The Apple Thesis Apple is…
Analysts Remain Divided on Pinterest; Stock Falls
Analysts had different takes on Pinterest Inc. today. Wolfe Research analyst Deepak Mathivanan initiated coverage of Pinterest with a Peer Perform and $45 price target, implying a 36.9 percent upside. Mathivanan believes in the current product transition and thinks Pinterest has significant monetization upside over the longer term. Mathivanan thinks ongoing product iterations are likely to weigh on revenue…
Read How Analysts Reacted to Micron Post Q1 Earnings
Analysts hailed Micron Technology Inc.’s Q1 results and Q2 outlook by lifting their price targets on the stock. Micron reported Q1 revenue of $7.69 billion, up 33.2 percent year-on-year, above the consensus of $7.67 billion. Adjusted EPS of $2.16 beat the consensus of $2.11. Micron sees Q2 revenue of $7.3 billion–$7.7 billion above the consensus of $7.28 billion. It considers…
Barclays Upgrades AT&T to Overweight; Sees 26 Percent Upside
Barclays analyst Kannan Venkateshwar upgraded AT&T Inc. from Equal-Weight to Overweight and a $30 price target. The price target implies an upside of 26.2 percent. Venkateshwar cited valuation and Warner deal benefits behind the re-rating. Wireless is AT&T’s most prominent business, contributing about 40 percent of revenue. AT&T is the third-largest U.S. wireless carrier, connecting 66 million postpaid…
Alibaba’s Sole Bear Analyst Considers Stock a Valuation Trap Amid Mounting Regulatory Risks
December 15, 2021
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Manuel Muhl, who downgraded Alibaba Group Holding Ltd. to a sell in late July before its 39 percent plunge, said the stock remains a valuation trap, SCMP reports. Alibaba’s intrinsic value appeal is not adequately reflected in the stock price as China’s regulatory risks and U.S. delisting pressures continue to mount. “The fear that the…
Citi Sees 12.4 Percent Upside in This Semiconductor Company
Citi analyst Atif Malik raised the price target on Applied Materials Inc. to $175 from $160, implying 12.4 percent upside, and reiterated a Buy. The analyst updated his model to reflect the company’s balanced end-market mix and benefits from 3D devices. Applied Materials reported Q4 FY21 revenue of $6.12 billion, missing the consensus of $6.34…
Ambarella Shares Pop as Morgan Stanley Bumps up Price Target by 62 Percent
Morgan Stanley analyst Joseph Moore raised the price target on Ambarella Inc to $222 from $137, implying a 23 percent upside, and reiterated an Overweight. Morse bumped up the price target on the expectation of rising revenue leading to higher margins. Ambarella is a developer of semiconductor processing solutions for high-definition video capture, sharing, and…
US Charges Ex-Wall Street Quantitative Analyst With Insider Trading
September 24, 2021
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NEW YORK—A former Wall Street quantitative analyst was charged on Thursday with insider trading for making nearly 2,900 trades after learning his employer would soon make the same trades for clients, known as front-running. The U.S. Department of Justice said Sergei Polevikov, 48, of Port Washington, New York, generated more than $8.5 million of illegal…
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