Thursday's Notable Analyst Calls: Nvidia, Apple, Amazon, Splunk, Peloton, Rivian, AMC, and More
Here are the significant analyst calls that made headlines on Wall Street:
Needham Reiterates Rivian as Buy
Needham stands by its buy rating on electric vehicle company Rivian, highlighting its strong performance in the secondary market. Needham believes Rivian addresses key questions surrounding vehicle demand, manufacturing scalability, and per-unit costs, which are crucial factors in the EV industry.
Oppenheimer Reiterates Salesforce as Outperform
Oppenheimer expresses optimism about Salesforce ahead of its earnings report, despite mixed business trends. The firm believes the earnings risk for Salesforce weighs slightly positive and expects strong results for the second quarter.
Goldman Sachs Reiterates Nvidia as Buy
Goldman Sachs maintains its buy rating on Nvidia following the company's impressive earnings report. The firm raises its price target and expects sustained revenue growth driven by a strong demand profile in the Data Center and an improving supply backdrop.
Stifel Upgrades Nvidia to Buy from Hold
Stifel upgrades Nvidia's stock to buy after its exceptional earnings report, stronger-than-expected outlook, and extended demand visibility. The firm believes Nvidia is well-positioned for continued success.
Loop Reiterates Apple as Hold
Loop maintains its hold rating on Apple due to concerns about potential complications surrounding the iPhone 15 launch. The firm highlights downside risks to iPhone unit shipments and the impact on revenue and gross margins.
Morgan Stanley Names SI-Bone a Top Pick
Morgan Stanley identifies orthopedic company SI-Bone as a top pick, emphasizing its multi-pronged growth story and potential for driving positive financial results. The firm sees a clearer pathway to adjusted EBITDA breakeven and expects continued success.
These are just a few of the notable analyst calls from Thursday, covering a range of companies across various industries. Analyst ratings and opinions can significantly impact stock performance, making it important for investors to stay informed about these updates.
Implications for New Businesses
The analyst calls highlighted on Thursday provide insightful perspectives on the performance and potential of various companies. These calls can significantly impact stock performance and investor sentiment, making them crucial for new businesses to monitor.
Understanding Market Trends
New businesses, particularly those in the tech and EV sectors, can glean valuable insights from these analyst calls. For instance, the positive outlook for Nvidia and Rivian indicates strong market demand and growth potential in AI and EV industries. This could inspire new businesses to innovate and align their strategies with these growing trends.
Learning from Established Companies
The mixed outlook for Salesforce and Apple underscores the importance of managing business trends and product launches effectively. New businesses can learn from these companies' experiences, strategizing to mitigate potential risks and capitalize on opportunities.
Recognizing Investment Opportunities
Lastly, the identification of SI-Bone as a top pick by Morgan Stanley highlights the potential investment opportunities in the healthcare sector. New businesses in this field can leverage this information to attract investment and drive growth.
In conclusion, these analyst calls offer valuable market insights that new businesses can utilize to inform their strategies, understand industry trends, and identify potential investment opportunities. It's essential for new businesses to stay informed about these updates to navigate the market effectively.