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,…
4 Walmart Analysts Raise Price Targets After Q2 Earnings Beat: ‘Leader and Market Share Gainer’
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…
Loop Capital Remains Bullish on Disney Despite Slashing Price Target by 13 Percent
Loop Capitalanalyst Alan Gould lowered the price target on The Walt Disney Co. to $165 from $190 (19 percent upside) but kept a Buy rating on the shares. The analyst noted the performance of the company’s Parks business is “more than a reopening play,” boosting his operating income potential on the segment to over $6.5 billion versus the…
Here’s Why Piper Sandler Downgraded AMD, Slashed Price Target By 7 Percent
Piper Sandler analyst Harsh Kumar downgraded Advanced Micro Devices Inc. to Neutral from Overweight with a price target of $130, down from $140. The analyst is cautious on the broader automotive sector, saying the pace of orders and strong pricing “may come into question” as supply normalizes in the second half of 2022. The price target implies that the…
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