Guggenheim just got a buy rating on StubHub. Bets with a .50 price target on the rise of live events

Guggenheim just got a buy rating on StubHub. Bets with a $12.50 price target on the rise of live events

Quick reading Guggenheim initiated coverage of StubHub (STUB) with a Buy rating and a $12.50 price target, betting on enduring demand for live events and tailwinds in global ticket sales. StubHub’s swinging first-quarter profitability and EBITDA growth of 50% support the bullish case, although risks from high leverage and consumer confidence warrant careful position sizing….

Read More
Is Freeport-McMoRan Inc. (FCX) at risk amid slowing Grasberg block collapse in Indonesia?

Is Freeport-McMoRan Inc. (FCX) at risk amid slowing Grasberg block collapse in Indonesia?

Freeport-McMoRan Inc. (NYSE:FCX) is one of Goldman Sachs’ top gold stock picks. On April 24, analysts at Morgan Stanley downgraded Freeport-McMoRan Inc. (NYSE:FCX) to Equalweight from Overweight. It also lowered its price target to $66 from $70. Is Freeport-McMoRan Inc. (FCX) at risk amid slowing Grasberg block collapse in Indonesia? Pixabay/Public domain The downgrade and…

Read More
HSBC Just Upgraded Intel to Buy and Raised Price Target from  to : Is the Comeback Real?

HSBC Just Upgraded Intel to Buy and Raised Price Target from $50 to $95: Is the Comeback Real?

HSBC upgraded Intel (INTC) from Hold to Buy with a $95 price target, citing underappreciated server CPU momentum from the second quarter. Intel’s server CPU thesis flies in the face of a cautious consensus: the average analyst target is just $52.26, making HSBC’s decision a significant outlier in terms of conviction. The analyst who called…

Read More
Raymond James Upgrades Okta to Outperform: Is This Shot Down Cybersecurity Stock a Blockbuster Buy at ?

Raymond James Upgrades Okta to Outperform: Is This Shot Down Cybersecurity Stock a Blockbuster Buy at $60?

Okta (OKTA) earned an upgrade equivalent to Buy from Raymond James to Outperform with an $85 price target, as the identity security company’s net income retention hurdle due to bloated COVID-era contracts is expected to fade as those deals fade over the next three years. Okta’s fundamentals have strengthened (the company achieved its first year…

Read More