- Advertisement -
Here are Tuesday’s biggest calls on Wall Street: Atlantic Equities downgraded Roblox to neutral from overweight Atlantic Equities downgraded the stock due to “weak app download trends.” “We believe Roblox is taking the right approach to increasing the focus on monetization and that YoY booking trends should improve as compasses ease out. However, weak app download trends suggest that In the near term, engagement in key markets may remain soft.” Read more about this call here. Bernstein reiterates Tesla as underperformer Bernstein said in a note on Tuesday that it is concerned that Elon Musk’s purchase of Twitter could cause Tesla shares to fall. “Perhaps the bigger — but less potential — financial risk is that Musk completes the deal, and TSLA’s share price drops drastically, triggering a margin call.” Citi reiterated the purchase to Netflix as Citi said the streaming giant does not have a “natural investor base” and needs to offer a “low-cost advertising tier.” “Once Netflix’s subbase began to shrink, investors stopped viewing the firm as a growth stock. But, given the lack of FCF, value investors are unsure how to assess the firm. As such, Netflix does not have a natural investor in its equity base.” Rosenblatt introduced IMAX because Rosenblatt stated at the IMAX debut that the company was a major beneficiary of more Hollywood blockbuster-type releases. “With the rise of streaming, Hollywood has placed more emphasis on the blockbuster tent pole that used to be the highlight of the summer. Now, with blockbusters dominating the slate, small-budget art films and romantic comedies have shifted to streaming ” Morgan Stanley upgrades Marketa from similar weight to overweight Morgan Stanley says it sees an “attractive entry point”. “MQ’s diverse set of vertical exposure, competitive moat and stable unit economics have us incrementally rapidly turning on the platform’s long-term trajectory.” Read more about this call here. Rosenblatt upgrades Snowflake to buy from neutral, Rosenblatt said investors should buy declining shares of the cloud computing data company. “Finally, due to the recent significant decline in Snowflake’s stock price, we are upgrading our rating on SNOW to a Buy (was neutral) as our revised target price reflects an 84% return from current levels.” Read more about this call here. Bernstein started DoorDash as an outperformer. Bernstein said DoorDash is the firm’s top pick in the space. “We are bullish on the long-term growth potential of on-demand delivery and our preferred way to play the DoorDash space – it is a market leader, with a best-in-class management team and industry-leading unit economics.” Read more about this call here. Daiwa reiterated to Disney as Daiwa lowered its price target on Disney shares from $201 to $151, but says investors should buy the dip. “We believe this entertainment and market leader can dominate the growing streaming market and we see the stock’s weakness as a buying opportunity.” Bank of America reiterates purchase of Apple as Bank of America said it sees a spurt in App Store revenue growth. “Over time, we expect licensing (advertising), Apple Care, and new services (TV+, Fitness+, Arcade+, News+, Apple One subscription bundles) to significantly increase in user content and features, leading to a significant increase in overall services. Contribute to revenue growth.” Bank of America reiterated Snap as Bank of America said in a note it was concerned about an advertising slowdown as Snap warned of a loss in revenue and earnings on Monday evening. “We think reopening, macro factors, unusual compasses and a negative news cycle are impacting ad spend, not just a sudden change in user activity on the platform or new competitive initiatives in May, so we’re looking to be constructive on LT revenue potential. remain.” Citi began MetLife as a buy. Citi began MetLife with a buy rating, saying volatility was creating an “opportunity” with the stock. “We currently prefer Life over P&C, despite market valuations suggesting a preference for the opposite: We see the Life sector as attractively high interest rate YTD and COVID claims (for most). Watch as visibility increases around.” Bank of America adds Visa to US1 list Bank of America said it now prefers Visa over MasterCard. “While we believe that the MA on an underlying basis will grow faster than V, in light of the current macro climate and relative assessment, in light of the current macro climate and relative assessment, we have a slight preference for V. As a result, V Takes the place of MA on our US1 list.” MoffettNathanson reiterated to Coinbase as Moffett lowered his price target on Coinbase from $600 to $200 per share, noting that it expects the crypto currency cycle to be flat in 2022 and 2023. “We are making the assumption that while no two crypto cycles will be alike, of course, the most recent cycle is likely the best indication of what the next one might look like.” JPMorgan reiterates Boeing as overweight JPMorgan said Boeing needs to continue delivering 737s and 787s. “The decline in Boeing’s share price has raised persistent questions from investors and so we’re sharing some updated thoughts. The primary goal for Boeing remains unchanged, in our view: deliver the 737 and 787. It’s going to be cash-generating, functional. Will help reduce capital, and start the de-leveraging process.”
- Advertisement -
Credit: www.cnbc.com /
- Advertisement -