Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between a pair of leading chocolate providers: Hershey Co. and Rocky Mountain Chocolate Factory, Inc.. The Case for Hershey This company traces its heritage back to Milton…
Here’s Why Citi Is Still Bullish on Nvidia Despite Arm Deal Fall Out
Citi analyst Atif Malik reiterated a Buy rating on Nvidia Corp. with a $350 price target. The price target implies an upside of 41.5 percent. The re-rating follows Nvidia’s termination of the planned acquisition of SoftBank Group Corp.’s ARM Ltd. due to significant regulatory challenges to closing the deal. The Street largely expected that the deal would not win regulatory…
Asian Stock Valuations Dip to a 21-Month Low
Valuations of Asian equities dropped to a 21-month low at the end of January, as expectations of aggressive policy tightening by the Federal Reserve, and a surge in U.S. bond yields hit the regional stocks. The MSCI Asia-Pacific index’s forward 12-month P/E ratio stood at 13.49 at the end of last month, which was its…
You Ask, We Analyze: Why Going Short Peloton Stock Is Risky as Amazon M&A Rumors Surface
On Sunday evening, Benzinga asked its followers on Twitter what they’re buying at the open Monday. From the replies, Benzinga selected one ticker for technical analysis. @bobby_soco is looking to potentially take a short position in Peloton Interactive, Inc. Peloton has been on a downward trajectory since Jan. 14, 2021, when the stock hit an…
Inflation Data Next Focus for Investors After Bond Yield Spike
NEW YORK—Wild swings in stocks and a sharp run-up in government bond yields are putting the spotlight on next week’s U.S. inflation data, as investors brace for more volatility across assets. A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than two years after surprisingly strong…
Bill.com Shares Trading Higher
Analyst opinions remain mixed on Bill.com Holdings Inc. post Q2 results. However, they continue to see a sharp upside in the stock. KeyBanc analyst Josh Beck raised the firm’s price target on Bill.com to $250 from $225 (46.8 percent upside) and kept an Overweight rating on the shares. Bill.com reported a large beat, topping Street revenue by ~26 percent,…
Analysts Cut Pinterest Price Target Post Q4 Results
Analysts mainly slashed their price targets on Pinterest Inc. post Q4 results. BofA analyst Justin Post lowered the price target on Pinterest to $46 from $57 (87.7 percent upside) and kept a Neutral rating on the shares. While the company reported better than expected revenue and adjusted EBITDA, users are “still under pressure,” said Post, who called Q4 “a mixed quarter.”…
You Ask, We Analyze: Why Advanced Micro Devices Stock May Be Set to Reverse Trend
On Thursday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Friday. Benzinga selected one ticker from the replies for a technical analysis. @josht543 and @Nena5804095 are buying Advanced Micro Devices Inc. On Tuesday, AMD reported earnings per share of 92 cents on revenue of $4.826 billion, which beat the Street…
Here’s Why RBC Capital Sees Sharp Upside in GitLab
RBC Capital analyst Matthew Hedberg upgraded GitLab Inc. to Outperform from Sector Perform with an unchanged $90 price target, suggesting a 35 percent upside. The analyst cites the stock’s “more reasonable valuation” after a pullback in price. Hedberg adds that he remains bullish on GitLab taking a significant share in the estimated $40 billion DevSecOps market, as its…
Analysts Continue to See Sharp Upside in T-Mobile US Post Q4
Analysts remained divided over T-Mobile US Inc. post Q4 results. However, they continue to see a sharp upside in the stock. Deutsche Bank analyst Bryan Kraft raised the price target on T-Mobile to $185 from $175 (53 percent upside) and kept a Buy rating on the shares post Q4 results. The 2022 guidance was primarily positive, and T-Mobile has…
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