Commentary India is very much a country on the up. Although the South Asian country gained independence from Britain in 1947, its economy only started to make substantial improvements in the 1990s after a number of economic reforms were introduced. In addition to strengthening the banking sector and modernizing the stock markets, these reforms opened…
Read How Analysts Reacted to AMD’s Q4 Results
Analysts remain optimistic on Advanced Micro Devices Inc. post Q4 beat. Keybanc analyst John Vinh maintained AMD with an Overweight and raised the price target from $155 to $165 (41.3 percent upside). Summit Insights analyst KinNgai Chan reiterated his Hold rating on AMD after its better than expected Q4 results. The analyst notes that the company will continue to outperform…
Apple Poised to Outperform Expectations in December Quarter, Analyst Says: How Will Shares React?
Notwithstanding supply constraints, an analyst at Morgan Stanley is positive about Apple Inc.’s December quarter performance. Apple Analyst Morgan Stanley analyst Katy Huberty has an Overweight rating and a $200 price target for Apple shares. Apple Thesis Cupertino is likely to post upside to Street forecasts for the December quarter and guide to a relatively in-line…
BMO Capital Upgrades PayPal to Outperform; Cuts Price Target By 19.4 Percent
BMO Capital analyst James Fotheringham upgraded PayPal Holdings Inc. to Outperform from Market Perform with a price target of $224, down from $278. The price target implies an 18.8 percent upside. Fotheringham cites valuation for the upgrade following 2021’s “de-rating,” where the stock went down from 51x to 28x on a rolling two-year-forward price-to-earnings basis. Tax-loss selling…
Macquarie Upgrades IronSource to Outperform on Q3 Beat, Q4 Outlook; Considers Selloff as Misplaced
Macquarie analyst Tim Nollen upgraded ironSource Ltd. to Outperform from Neutral with an unchanged price target of $14, implying 61.66 percent upside. ironSource reported “good results” and raised guidance, so the roughly 40 percent stock selloff since November 10 looks “misplaced,” Nollen tells investors. ironSource’s Q3 revenue of $140 million, up 60 percent year-on-year, beat…
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