The Latest Crypto Analyst Calls and Wall Street Chatter
As a crypto analyst expert, itโs crucial for you to stay updated on the latest calls and chatter in the industry. Here are some insights into the recent analyst calls and Wall Street chatter that have been making waves in the market.
Wells Fargo Initiates Super Micro Computer with a Hold Rating
โ Artificial intelligence momentum has driven up Super Micro Computer another 253% this year.
โ Shares are โalready discounting solid upside.โ
โ SMCIโs AI-fueled fundamental momentum, underpinned by engineering-first differentiation, has been remarkable.
Baird Upgrades UPS to Outperform
โ Some trends remain challenging for United Parcel Service this year.
โ Expectations now look more realistically reset with 2024 guidance.
โ Trends likely remain challenging through 1H24, but slowly exiting the trough of this cycle.
Wall Street Analysts Bail on Dropbox
โ Dropbox beat estimates on the top and bottom lines for the fourth quarter.
โ The companyโs paying users declined in the fourth quarter compared to the third quarter.
โ Shares of Dropbox were down about 14% in premarket trading.
Texas Roadhouse โIn a League of Its Own,โ Deutsche Says After Quarterly Results
โ Texas Roadhouse reported same-store sales of 9.9% in the fourth quarter as well as restaurant margin growth of 75 basis points.
โ Deutsche Bank reiterated its buy rating and $162 price target on shares.
โ A better commodity outlook, sales leverage, and opportunities for productivity gains will provide tailwinds for Texas Roadhouse.
Raymond James Says Wayfair Is Worth Buying, Can Rally Almost 25%
โ Recent cost-cutting initiatives should allow Wayfair to grow EBITDA as demand rebounds.
โ Wayfair shares have a โvery compellingโ risk-reward ratio in the medium term.
โ The stock climbed more than 3% in Friday premarket trading following the upgrade.
KBW Upgrades Coinbase After Better-Than-Expected Quarterly Results
โ Cryptocurrencies have seen increased demand after the U.S. Securities and Exchange Commission approved the first spot bitcoin ETFs during the fourth quarter.
โ Retail trading is still lower than previous elevated levels, according to KBW analyst Kyle Voigt.
โ Oppenheimer has an outperform rating on Coinbase.
Carvana Downgraded to Underperform by Raymond James
โ Carvanaโs near-term growth outlook is in question, according to Raymond James.
โ Over the past year, the stock has soared more than 400%, which has raised valuation concerns.
Jefferies Forecasts More Than 25% Upside for Amรฉrica Mรณvil
โ Latin American telecom giant Amรฉrica Mรณvilโs falling capital expenditure guidance is setting the stock up for an โinflection pointโ this year, said Jefferies.
UBS Steps to The Sidelines on Newell Brands
โ Consumer goods company Newell Brands is currently โtoo difficult to defend,โ according to UBS.
Oppenheimer Downgrades Nike
โ The firm downgraded the apparel giant to perform from outperform and slashed its price target to $110 per share from $150.
Loop Capital Sets Street-High Price Target on Nvidia
Nvidia shares have had a stellar run in the last year โ and Loop Capital believes thereโs 65% more upside potential ahead.
These insights into recent analyst calls and Wall Street chatter provide valuable information for crypto investors looking to make informed decisions about their investments. Stay tuned for more updates! ๐๐
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