ATLANTA—Matt Ryan has joined CBS as an analyst, though he’s not giving up on landing with another team as a quarterback. CBS announced Monday that Ryan, a four-time Pro Bowler and the 2016 NFL MVP with the Atlanta Falcons, will serve as a studio and game analyst across multiple platforms for the upcoming season. “Excited…
One Credit Suisse Analyst Says Bank’s Capital, Liquidity ‘Healthy,’ Another Warns of Impending Equity Raise: What You Need to Know
Credit Suisse Group is dominating headlines Monday morning amid rising concerns over the Swiss bank’s financial health. What Happened Reports suggesting Credit Suisse could be battling liquidity issues sent the lender’s shares tumbling Monday morning. The bank’s credit default swaps, which provide investors with protection against financial risks and essentially measure how a company’s financial…
One Credit Suisse Analyst Says Bank’s Capital, Liquidity ‘Healthy,’ Another Warns of Impending Equity Raise
Credit Suisse Group is dominating headlines Monday morning amid rising concerns over the Swiss bank’s financial health. What Happened Reports suggesting Credit Suisse could be battling liquidity issues sent the lender’s shares tumbling Monday morning. The bank’s credit default swaps, which provide investors with protection against financial risks and essentially measure how a company’s financial…
Spotify Analyst Finds Risk-Reward Compelling, but Sees Audiobooks Immaterial Into Year-End and 2023
Spotify Technology SA launched audiobooks in the United States last week. What Happened Commenting on the development, KeyBanc Capital Markets analyst Justin Patterson reiterated an Overweight rating and a $148 price target for Spotify shares. Audiobooks could be immaterial to Spotify’s performance into the year-end and likely in 2023, too, Patterson said in a note….
Crypto Analyst Who Predicted 2022 Bitcoin Meltdown Says BTC Has Reached A ‘Local Bottom’
Bitcoin closed around $20,000 on Saturday, and on Sunday, the cryptocurrency dropped 1.55 percent to $19,708. BTC is down 58.9 percent from the year’s high of $48,234 on March 28. The macroeconomic warnings from Goldman Sachs and Fed’s approach to interest rate hikes have played a significant role in determining Bitcoin’s price trends. What Happened…
Elon Musk–Twitter Deal’s Fate Divides Analysts In Aftermath Of Shareholder Approval
Twitter Inc. shareholders on Tuesday approved Elon Musk’s $44 billion deal to take the company private. What Happened The approval now gives Twitter and Musk the greenlight to face off in the Delaware court on Oct. 17, Loup Funds’ Gene Munster said. The focus of the trial would be on the billionaire’s counterclaim regarding the…
4 Walmart Analysts Raise Price Targets After Q2 Earnings Beat: ‘Leader and Market Share Gainer’
Walmart Inc. reported impressive second-quarter earnings growth and reiterated its full-year guidance. On Tuesday, Walmart reported second-quarter adjusted EPS of $1.77 on revenue of $152.8 billion. Both numbers exceeded consensus analyst estimates of $1.62 and $150.8 billion, respectively. Revenue was up 8 percent from a year ago. Walmart reported 6.5 percent U.S. same-store sales growth,…
Gap Analysts React to Mixed Q1 Earnings: ‘Disappointed, but Not Surprised’
Gap Inc.on Thursday reported first-quarter earnings and cut its full-year profit guidance. Gap reported a first-quarter adjusted EPS loss of 44 cents, missing consensus estimates of a 13-cent loss. Gap reported revenue of $3.48 billion, beating analyst expectations of $3.46 billion. Revenue was down 13 percent from a year ago. Overall same-store sales were down…
Where Does ServiceNow Stand With Analysts Post Investor Day?
After attending its investor day meet, analysts offered their views on ServiceNow, Inc.. Mizuho analyst Gregg Moskowitz said management expressed bullishness on its growth prospects and targeted $11 billion+ of subscription revenue by 2024, and $16 billion+ by 2026, above its initial targets of $10 billion+ and $15 billion+, respectively. NOW also raised 2024E OMs by 50bps, to 27…
Analyst Says Peloton Could Flash a Buy Signal Soon: What to Watch For
Peloton Interactive, Inc. shares sank further into negative terrain on Tuesday after it reported disappointing first-quarter results and issued weak guidance. Further Downside Limited TFI Securities analyst Ming-Chi Kuo is optimistic that a turnaround could be in the cards. The analyst noted that Peloton shares have declined nearly 50 percent since April 7, when he tweeted that…
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