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THE TRUTH ABOUT: 15 | History Defined

BofA Bumps Up BWX Technologies Price Target By 18%

BWX Technologies Inc (NYSE:BWXT) price target has been raised to $65 (an upside of 25%) from $55 by BofA analyst Ronald Epstein, who expects BWXT to continue benefiting from increased defense spending and a greater emphasis on naval operations. The analyst maintained his Buy rating on BWX Technologies shares. Epstein boosted the price target, citing…

Apple iPhones Led Smartphone Sales As 5G Handsets Formed Over 50% Of Sales

Apple iPhones Led Smartphone Sales As 5G Handsets Formed Over 50% Of Sales

Apple Inc’s (NASDAQ:AAPL) iPhones led the mobile industry to a landmark in January, as handsets with 5G cellular networking accounted for 51% of smartphone sales for the first time, Bloomberg reports. Recently, Apple launched a 5G model in its budget-friendly iPhone SE series, at half its average flagship device priced at $429. Chinese brands Xiaomi…

GitLab Shares Pop As Analysts See Sharp Upside Post Q4

GitLab Shares Pop As Analysts See Sharp Upside Post Q4

Analysts painted sharp upside to GitLab Inc (NASDAQ:GTLB) post strong Q4 results that included a notable top-line beat and FY23 guidance ahead of Street expectations. Truist analyst Joel Fishbein lowered the PT to $105 from $175 (217.2% upside) and kept a Buy, citing the change in discount rate assumptions since the IPO. KeyBanc analyst Michael Turits lowered…

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BoFA Survey Shows Investors' Growth Outlook Weakest Since 2008: Reuters

Citing a monthly fund manager survey by BofA, Reuters reported that investors have more concerns regarding the global growth outlook since the financial crisis in 2008, an

China's Lockdown Of Tech Hubs To Hamper Amazon, Walmart's Online Delivery: Report

China's recent lockdown looks to hamper the online order delivery of global e-commerce firms like Amazon.com Inc (NASDAQ:AMZN) and Walmart Inc (NYSE:WMT), Bloomberg reports. China had to initiate lockdowns and restrictions in its crucial manufacturing hubs like Shenzhen and Dongguan following a Covid-19 resurgence. Related Content: China Restricts Activities In Shenzhen, Shanghai Following Covid-19 Resurgence The…

BofA Cuts Price Target On This Social Media Giant By 12%

BofA analyst Justin Post lowered Meta Platforms Inc's (NASDAQ:FB) price target to $290, down from $330, but reiterated a Buy. The price target implies an upside of 54%. Post noted that Russia's invasion of Ukraine would have a "modest impact" on advertising sales of the Facebook parent. Also Read: Deutsche Bank Still Finds Big Tech…

KeyBanc Remains Upbeat On Apple Citing iPhone SE 3; BofA, Piper Sandler See Limited Impact From China Lockdown

KeyBanc's Key First Look Data suggested that Apple Inc (NASDAQ: AAPL) tracked slightly better than historical seasonality. The indexed spending was down (9)% month-on-month in February, beating the 3-year average decline of (13)%.

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BofA Turns Bullish On XPO Logistics, Chart Industries

BofA Turns Bullish On XPO Logistics, Chart Industries

BofA upgraded four industrial sector companies.

Analysts Slash Their PTs On Oracle As They Did Not Buy Its Growth Story

Analysts Slash Their PTs On Oracle As They Did Not Buy Its Growth Story

Analysts slashed their price targets on Oracle Corp (NYSE:ORCL) post Q3 results. Piper Sandler analyst Brent Bracelin downgraded to Underweight from Neutral with a PT of $70 (8.7% downside), down from $100. Bracelin found it challenging to reach double-digit organic growth next year, sustaining a cloud shift considering more than 70% of revenue came from the…

BofA Is Bullish On Disney While MoffettNathanson Is A Tad Defensive - Read Why

BofA Is Bullish On Disney While MoffettNathanson Is A Tad Defensive - Read Why

Two analysts have different stances on The Walt Disney Co (NYSE: DIS).

BofA Downgrades This Media Conglomerate - Read Why

BofA Downgrades This Media Conglomerate - Read Why

BofA analyst Jason Haas downgraded Qurate Retail Inc (NASDAQ:QRTEA) to Neutral from Buy with a price target of $6.30, down from $11.50, implying a 6.6% upside. The analyst noted Qurate's Q4 pre-announcement was "disappointing", and while he thought this was driven by supply chain issues, the final earnings report suggested that competitive issues and poor…

Credo Shares Pop As Multiple Analysts Initiate Coverage And See Sharp Upside

Credo Shares Pop As Multiple Analysts Initiate Coverage And See Sharp Upside

Multiple analysts initiated coverage on Credo Technology Group Holding Ltd (NASDAQ:CRDO) with a positive stance. Goldman Sachs analyst Toshiya Hari initiated coverage on Credo with a Buy rating and price target of $23 (51.3% upside). Stifel analyst Tore Svanberg initiated coverage on Credo with a Buy rating and price target of $20 (31.6% upside). BofA analyst Vivek…

BofA Downgrades Core & Main On What Near-Term Headwinds?

BofA Downgrades Core & Main On What Near-Term Headwinds?

Core & Main Inc (NYSE: CNM) is likely to be impacted by a minimal increase in spending in 2022 with delays in project starts, according to BofA Securities.

BofA Adds Disney To US-1 List: Why This Investor Says The Stock Is Headed To $200

BofA Adds Disney To US-1 List: Why This Investor Says The Stock Is Headed To $200

The Walt Disney Co (NYSE: DIS) was featured as the call of the day Monday on CNBC's "Fast Money Halftime Report." What Happened: BofA added Disney to its US-1 list with a Buy rating and a $191 price target.

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Here's Why BofA Calls Roblox 'Category Leader' In The Emerging Metaverse Media Category

BofA analyst Omar Dessouky reinstated coverage of Roblox Corp (NYSE:RBLX) with a Buy rating and $84 price target, calling the company the "category leader" in the emerging "Metaverse" media category. The price target implies an upside of 20.8%. Roblox has no "old media" businesses to cannibalize and invests 100% of its resources exclusively towards leadership…

PreMarket Prep Stock Of The Day: Bank Of America

While the S&P 500 index futures were retreating off Tuesday’s open, one sector was going in the opposite direction: banking. One issue that has revisited its multiyear highs is Bank of America Corp (NYSE: BAC), the PreMarket Prep Stock of the Day.

Why Are Mantech International Shares Soaring Today?

BofA analyst Mariana Perez Mora double upgraded Mantech International Corp (NASDAQ:MANT) to Buy from Underperform and raised the price target to $90, from $75. The company's co-founder George Pedersen is exploring options for his controlling stake, which includes a sale of the U.S. defense contractor, with a market value of more than $3 billion, reported Reuters. The…

Analysts Cut Pinterest Price Target Post Q4 Results

Analysts mainly slashed their price targets on Pinterest Inc (NYSE:PINS) post Q4 results. BofA analyst Justin Post lowered the price target on Pinterest to $46 from $57 (87.7% upside) and kept a Neutral rating on the shares. While the company reported better than expected revenue and adjusted EBITDA, users are "still under pressure," said Post, who…

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BofA Remains Bullish On Apple; Sees Sharp Upside

BofA analyst Wamsi Mohan noted that he expects a "strong" quarter for Apple Inc (NASDAQ: AAPL) on an improved supply of higher-end phones, including the iPhone 13 series. Apple is scheduled to report its Q1 results on January 27, 2022.

BofA Downgrades WestRock, Cuts Price Target By 5%

BofA analyst George Staphos downgraded WestRock Co (NYSE:WRK) to Neutral from Buy with a price target of $57, down from $60. The analyst noted containerboard business still has merits, and despite some recent deceleration, his survey data remained positive in the first half of 2021. Staphos noted the early response from his latest survey suggests…

Here's Why BofA Remains Bullish On Alphabet

BofA analyst Justin Post raised the price target on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) to $3,470 from $3,210 and reiterated a Buy rating on the shares. The price target implies an upside of 27%. The analyst expects deceleration in 2022 versus the 41% estimated search growth in 2021. However, he thinks Google is still early in…

Why This Tesla Analyst Is Projecting Sharp Drop In Market Share, Benefits For Legacy Automakers

Tesla, Inc. (NASDAQ: TSLA), which has a commanding position in the U.S. electric vehicle market, could see an erosion in market share in the medium term, according to a BofA Securities analyst.

BofA Cuts Price Target On These Space-Related Stocks

BofA analyst Ronald Epstein updated price targets for select Space-related stocks to account for changing market dynamics, including anticipated Fed rate hikes that drive his discount rate up.

BofA Downgrades This Grocery Store Operator

BofA analyst Robert Ohmes downgraded Grocery Outlet Holding Corp (NASDAQ:GO) to Underperform from Neutral with a price target of $23, down from $26. The analyst expects the company to have challenges on sales and margins in 2022. Ohmes added that the valuation of Grocery Outlet is extended based on its return on invested capital relative…

BofA Bullish On This Gene Therapy Biotech Transitioning Into A Commercial Enterprise

Krystal Biotech Inc (NASDAQ: KRYS) shares have potential to nearly double from current levels, according to an analyst at BofA Securities.

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