Analysts' upgrades & downgrades - Microsoft, DraftKings, Adobe, Expedia, Peloton, Google, Robinhood, Salesforce, Exxon Mobil π€
Wednesday, 3rd November 2021 by Gotrade
Hey Gotraders,
Letβs take a break from the usual updates on stocks, and take a look at what analysts are saying about some of these stocks for a change, eh? π€
π° Microsoft (MSFT) - Deutsche Bank (DB) initiated coverage of the stock and gave them a βbuyβ rating with a target price of $395. Deutsche Bank thinks that Microsoft is the βgold standardβ of software stocks. Wow, nice! Current stock price: $333.13 (+1.14%)
π° DraftKings (DKNG) - Morgan Stanley (MS) resumed coverage of DraftKings and thinks that the company has a balanced risk-reward ratio. They gave DraftKings an βequal weightβ rating with a target price of $53. Current stock price: $47.60 (-2.90%)
π° Adobe (ADBE) - Deutsche Bank (DB) gave Adobe a βbuyβ rating and said that they expect to see βfurther earnings growth.β Impressive! Current stock price: $640.40 (+0.03%)
π° Expedia (EXPE) - Atlantic Equities downgraded Expedia from βoverweightβ to βneutralβ as it sees further travel headwinds for Expedia. Current stock price: $159.84 (-4.42%)
π° Peloton (PTON) - Bank of America (BAC) reiterated Peloton as a βbuyβ and is bullish on the stock going into earnings report tomorrow. They think that Pelotonβs supply chain seems to be in good shape, and they look set to deliver a solid quarter with the holiday season around the corner and the company increasing its marketing spend. Nice! Current stock price: $89.37 (-3.73%)
π° Google (GOOG) - Morgan Stanley (MS) remains bullish on Google and has raised their price target on the stock from $3,000 to $3,200! Current stock price: $2,917.26 (+1.45%)
π° Exxon Mobil (XOM) - Uh ohβ¦ Truist has downgraded Exxon from a βholdβ to a βsellβ and lowered the target price to $50. The reason for the downgrade is its valuation. Truist believes that there are more attractive alternatives to own despite Exxon Mobil continuing to benefit from strong commodity prices. Current stock price: $64.82 (-1.23%)
π° Robinhood (HOOD) - Mizuho has reiterated its βbuyβ rating on Robinhood and adjusted its price target on the stock to $55. Current stock price: $34.99 (+0.40%)
π° Salesforce (CRM) - Deutsche Bank (DB) initiated coverage of the stock and gave it a βbuyβ rating. They are of the opinion that the market underappreciates the companyβs βlong-term opportunity in front-office applicationsβ like Slack.
Invest safely & wisely! π
π Mobile games are now available on Netflix π²
Netflix (NFLX) has ambitions that go beyond streaming content. They want a piece of the gaming market as well. They have just launched mobile games on their platform! Cool beans! They started rolling out some of their games to Android users (sorry, Apple users!) on Tuesday. The games are included with Netflix subscriptions, and there will be NO ads or in-app purchases. Great!
Netflix has rolled out 5 different games at the moment - including βStranger Things: 1984,β βStranger Things 3: The Game,β βShooting Hoops,β βCard BlastβΒ andΒ βTeeter Up.β
Canβt wait to check them out!
Shares of Netflix closed at $677.72, down 0.51% for the day.
π Microsoft launches Loop π»
Tech superstar Microsoft (MSFT) has announced that it will be releasing a new Office application called Loop. Loop is a tool that is part of the Office suite, and is designed to make project collaboration easier. You knowβ¦ because everyoneβs working from home these days...
Maybe they should have come up with this a year ago when we were right smack in the middle of the pandemic? Hmmm? Just a thought.
Shares of Microsoft closed at $333.13, up 1.14% for the day.
Top movers & shakers π’Β
What else is making headline newsΒ π°
Merck (MRK) ready to deploy tens of millions of its Covid antiviral pills if regulators approve, CEO says.
Former Google (GOOG) CEO sounds skeptical that Facebook (FB) will build the metaverse.
Facebook (FB) plans to shut down its facial recognition program.
Zillow Group (ZG) says itβs closing homebuying business, cutting 25% of workforce; earnings miss estimates.
CDC gives final OK for immediate distribution of Pfizer (PFE) Covid vaccine for kids ages 5 to 11.
Any Fed-related market decline Wednesday is a buying opportunity, Jim Cramer says.
Elon Musk goes viral on Chinese social media with ancient poem post.
Popular companies releasing earnings this weekΒ π°.
Wednesday: Qualcomm (QCOM), CVS Health (CVS), Booking.com (BKNG), Marriott (MAR), Roku (ROKU), Electronic Arts (EA), Manulife (MFC), HubSpot (HUBS), Etsy (ETSY), Fox (FOX), Take-Two Interactive (TTWO), 10X Genomics (TXG), Marathon Oil (MRO), Hyatt (H), TuSimple (TSP), Michael Kors (CPRI), Fastly (FSLY), Vimeo (VMEO), and many more..
Thursday: Alibaba (BABA), Moderna (MRNA), Illumina (ILMN), Square (SQ), Airbnb (ABNB), Uber (UBER), Mercadolibre (MELI), Cloudflare (NET), Monster (MNST), Motorola (MSI), Pinterest (PINS), Peloton (PTON), Expedia (EXPE), ViacomCBS (VIAC), Kellogg's (K), DropBox (DBX), Novavax (NVAX), Wynn Resorts (WYNN), DigitalOcean (DOCN), Nikola (NKLA), and many more..
Friday: Berkshire Hathaway (BRK.B), Toyota (TM), Dish Network (DISH), DraftKings (DKNG), Pinnacle West Capital (PNW), Canopy Growth (CGC)
A companyβs market value may fluctuate considerably around the time that the earnings report is expected to be published. Stock prices may rise or fall according to analysts' speculative estimates, released prior to the actual earnings announcement.
The earnings season can be a time of great opportunity since better-than-expected figures could cause a companyβs stock to greatly increase in value. Worse-than-expected results could have the opposite effect.
Thatβs all from us for now.Β
Signing out,
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The legal stuffΒ π€
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