Street calls of the week: Upgrades for Intel and Robinhood; downgrade for SunPower
Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Intel, Robinhood is on track to achieve a revenue growth of 11.0% this fiscal year, with an even stronger performance expected in FY25, where a 12.7% growth is anticipated. This growth is primarily fueled by the Payment Network sector, which is predicted to see a 9.5% increase in revenue this year and a 13.5% surge in FY25, accounting for about 62% of Mastercard’s total revenue.
Overweight at Piper means “Anticipated to outperform relative to the median of the group of stocks covered by the analyst.”MasterCard opened the regular session at $456.44 and closed at $457.76, a gain of 0.10% from the prior day regular close.Jefferies reports a positive outlook for Flavored Malt Beverages and Ready-to-Drink products, anticipating growth of 4-5%, which is expected to come at the expense of Seltzers and Domestic beers.
Wolfe Research has highlighted SunPower as a standout example of the recent meme stock phenomenon within the Clean Tech sector. Despite a lack of positive fundamental updates, SPWR’s stock has surged approximately 100% week-to-date, driven by a significant short squeeze. This market movement was sparked by the company’s high short interest of around 95%, which caught the attention of retail investors, leading to 65% of the float being traded on Tuesday alone.
Challenges aside, Wolfe’s team expects some incremental improvement in INTC’s Gross Margin in CY25, as startup costs are projected to decrease and the company starts to internalize more production processes. However, these improvements are expected to be modest. With these factors now priced into investor expectations, Wolfe Research acquired a more neutral stance at Peer Perform.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here are Thursday's biggest analyst calls: Nvidia, Netflix, Tesla, Intel, Robinhood & moreHere are Thursday's biggest calls on Wall Street.
Read more »
Bank of America double upgrades Robinhood, citing rise in retail tradingThe stock market is in the early stages of a period of rising retail investor activity, and that could bode well for Robinhood, according to Bank of America.
Read more »
Stocks making the biggest moves midday: Walgreens, GameStop, Intel, Robinhood and moreThese are some of the stocks posting the largest moves in midday trading Monday.
Read more »
Update: The Wydown Coffee Bar abruptly closes on 14th Street, NW and H Street, NEThanks to Lorena and everyone else who passed on the super sad news about Wydown (both
Read more »
Before Street Outlaws, Larry Larson Made History as America’s Fastest Street CarFive-time Drag Week Overall/Unlimited winner Larry Larson is the inaugural member of the HOT ROD Drag Week 200 MPH Club with his 1966 Chevy II Nova.
Read more »
Visual Comforts & Co. coming to 14th Street, NW near U Street1831 14th Street, NW Thanks to Oswald for sharing: 'Today’s second photo discovers that a new tenant will fill the space at 1831 14th St. most recently occupied by the Immortal Beloved salon. It’s a home furnishings concept for those looking for $1000 ceiling fans.
Read more »