Here’s Thursday’s biggest call on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said recent disclosures indicate Apple’s app store revenue may have bottomed out. “Overall, October marked the 4th consecutive month of App Store net revenue declines, although we are closely monitoring the App Store’s performance in the month of November to … Read more
Semiconductor maker Qorvo could struggle against other names in the space, JPMorgan warned Thursday. Analyst Harlan Sur downgraded the stock to underweight from overweight. He also lowered his price target on Qorvo to $90 from $125. The new target implies an upside of only 6.5%. “We don’t disagree with the team and we think [Qorvo] … Read more
Twilio may be in trouble as signs point to less spending by customers, according to Bank of America. Analyst Michael J. Funk has double downgraded the company, which makes programmable tools that enable businesses to send and receive calls and text messages, to underperform from purchases. The analyst also lowered his price target on the … Read more
There are still more reasons to own Airbnb stock despite its latest quarterly numbers, according to Evercore ISI. Analyst Mark Mahaney reiterated the stock as an outperform with a price target of $150, implying upside of 37.7%. Airbnb fell 5% in premarket trading after the company reported “not entirely positive results,” though he said the … Read more
Salesforce could be a big winner going forward, according to Macquarie. The cloud software company was given a firm outperform rating and a $210 price target, representing a 28.8% upside, according to an analyst coverage transmission. Analyst Sarah Hindlian-Bowler said the company is less likely to be hit by global macro headwinds as it enters … Read more
Here are the biggest calls on Wall Street for Tuesday, November 1, 2022.
Deckers Outdoor has been on a tear recently, and Bank of America believes more upside is coming. Analyst Christopher Nardone reinstated coverage of Deckers Outdoor with a buy rating, saying the footwear company has a strong portfolio of brands led by Hoka and Ugg that will help the stock outperform. “We view DECK as a … Read more
Investors can expect limited upside in Charles Schwab looking ahead to 2025, according to Credit Suisse. Analyst Bill Katz downgraded Charles Schwab to neutral from outperform, saying the stock trades at a fair value after its outperformance this year. Charles Schwab shares are down just 5% this year, better than the nearly 19% decline in … Read more
JPMorgan thinks it’s time to buy shares in Monster Beverage. Analyst Andrea Teixeira upgraded shares of Monster Beverage to overweight from neutral ahead of the company’s third-quarter earnings this week. She said the outlook looks rosy for the energy drink maker as pressure on the supply chain eases. “We believe MNST is well positioned into … Read more
Carvana and its investors appear to be coming to grips with the company’s problems, according to JPMorgan. Analyst Rajat Gupta upgraded Carvana’s shares to neutral from underweight, saying investors have a better handle on the risks around the used car seller after the decline this year and that the company can better manage its liquidity. … Read more