Mizuho analyst Dan Dolev’s proprietary survey of PayPal Holdings, Inc.’s Venmo and Apple Inc. Apple Pay exhibited a “strong appetite” to tap to pay with Venmo if Apple opened up its near field communication to Venmo. Dolev estimates that tap-to-pay with Venmo could present a 10 percent total payment volume and 15 percent–20 percent sales upside given Venmo’s high in-store take…
Mizuho’s Bullish Re-Rating on PayPal Had an Apple Connection: Read to Know
Here’s Why Mizuho Views Uber As Top Pick
Mizuho analyst James Lee kept a Buy rating on Uber Technologies Inc with a $72 price target (100 percent upside). Lee reiterated Uber as a top pick in the U.S. Washington passed a new law that enabled gig drivers to remain as contractors while receiving benefits like injury protection and paid medical leave. The law compromised the state legislature, unions,…
Read How Analysts View Alphabet Post Q4, Stock Split
February 3, 2022
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Analysts bumped up price targets on Alphabet Inc following Q4 Beat and stock split. Alphabet stock split adds pressure on Amazon.com Inc to follow suit, said Morgan Stanley. JPMorgan ups Alphabet target but ‘not chasing the shares.’ Jefferies analyst Brent Thill raised the PT to $3,600 from $3,500 (30.5 percent upside) and reiterated a Buy. Thill said “another strong quarter at scale” that…
Analysts Cut Intel Price Target Post Q4 Results
Analysts slashed their price targets on Intel Corp. following lackluster Q1 guidance. Citi analyst Christopher Danely lowered the price target to $55 from $58 (13 percent upside) and reiterated a Neutral. The company reported a strong Q4 due to strength in PCs and servers but gave “very poor” guidance due to heavy investing, a 14-week quarter, and an inventory correction…
Analysts Lift ServiceNow Price Target After Q4 Results
Analysts mostly hailed ServiceNow Inc.’s Q4 results by raising their price targets. Piper Sandler analyst Rob Owens upgraded ServiceNow to Overweight from Neutral with an unchanged price target of $650 (20 percent upside). Subscription billings acceleration and considerable deal strength “punctuated a solid 4Q result” from the company. The analyst says that with digital transformation initiatives sustaining and IT spending outlook…
Mizuho’s Top Executives to Resign After Government Punishments Over System Failures
TOKYO—Mizuho Financial Group said on Friday its chief, chairman, and three other executives will resign as financial authorities reprimanded Japan’s No. 3 lender for a series of technical system failures. The Financial Services Agency (FSA), the country’s banking regulator, said in a statement the failures had “undermined the credibility of Japan’s bank settlement system”. Group…
Japan’s Mizuho Hit With Another Glitch, Some Transactions Delayed
TOKYO—Mizuho Financial Group’s main banking arm said on Thursday a system glitch has been delaying some foreign exchange transactions, just a week after it was slapped with a regulatory punishment over system troubles earlier in the year. Japan’s third-largest lender has experienced a series of technical problems despite a $3.6 billion overhaul of its systems…
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