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Airbnb Faces Growth Hurdles Despite Strong Consumer Preference, Analysts Warn

Airbnb Inc (NASDAQ:ABNB) shares are trading lower after Needham analyst Bernie McTernan downgraded the stock from Buy to Hold. The market has an overly optimistic view of Airbnb’s potential to leverage artificial intelligence (AI) to disrupt the global online travel agency (OTA) industry, McTernan says. The analyst projected first-quarter revenue and EPS of $2.05 billion and $0.73. Airbnb CEO Brian […]

Block’s Growth Fueled by Cash App Expansion, Square Ecosystem Focus, Says Analyst

Mizuho analyst Dan Dolev maintained Block Inc (NYSE:SQ) with a Buy and raised the price target from $99 to $106. As per Dolev, reinvigorated management focus on the Cash App and Square ecosystems could drive a meaningful upside to the 2024 guide.  The analyst flagged four key levers: Converting ~1million more Cash Card users to direct deposit — where […]

Insurance Data Spooks Analyst Amid Industry Jitters, Arthur J. Gallagher Loses Favor

Truist Securities analyst Mark Hughes downgraded Arthur J. Gallagher & Co. (NYSE:AJG) to Hold from Buy and lowered the price target to $255 from $280. The re-rating is based on the recent industry data points (namely the E&S state results and MarketScout survey), expected to increase the potential for a sharper downshift in the P&C cycle, which would have a […]

Will Luminar Technologies Need To Raise $1B In Capital? This Bearish Analyst Answers

Shares of Luminar Technologies Inc (NASDAQ: LAZR) were tanking in early trading on Wednesday. Volume forecasts for the company have been reduced meaningfully to reflect model launch delays and lower expectations for vehicles adopting the LIDAR technology, according to BofA Securities. The Luminar Technologies Analyst: John Babcock downgraded the rating for Luminar Technologies from Neutral […]

GoodRx Holdings Analyst Turns Bullish Ahead Of Q1 Earnings

GoodRx Holdings Inc (NASDAQ: GDRX) got an upgrade last month from Wells Fargo analyst. Despite being a “re-accelerating high-growth, high-margin company,” the stock was trading at a discount both to its peers and its historical average, according to KeyBanc Capital Markets. The GoodRx Holdings Club Analyst: Scott Schoenhaus upgraded the rating for GoodRx Holdings to Overweight […]

First Horizon Analyst Sees ‘Increased Potential For More Aggressive Capital Return’ In 2024

Shares of First Horizon Corp (NYSE: FHN) have been in focus amid pressure on the broader regional bank sector. This regional bank has a favorable 2024 outlook, which should allow its stock to continue to outperform peers, according to RBC Capital Markets. The First Horizon Analyst: On Tuesday, Jon Arfstrom upgraded the rating for First Horizon […]

Sensata Technologies Faces Challenges Navigating EV Headwinds, Goldman Sachs Analyst Warns

Goldman Sachs analyst Mark Delaney downgraded Sensata Technologies Holding Plc (NYSE:ST) to Neutral from Buy, lowering the price forecast to $36 from $44. Delaney projects slower near to intermediate-term revenue growth in its North American auto business tied to EVs due to weaker near-term EV sales and some traditional OEMs delaying certain EV launches.  Sensata has about 1.5X the content […]

Goldman Sachs Is Incrementally More Positive On Molson Coors & Constellation Brands: Here’s Why

Goldman Sachs analyst Bonnie Herzog is incrementally more positive on Molson Coors Beverage Co (NYSE:TAP) & Constellation Brands Inc (NYSE:STZ) and incrementally negative on Boston Beer Company Inc (NYSE:SAM) based on feedback from the beer distributor contacts in the recent Beverage Bytes survey. The analyst upgraded the shares of Molson Coors Beverage from Neutral to Buy and raised the price target from $66 to $75. […]

Riding The Wave: Freeport-McMoRan Receives Upgrade As Analyst Foresees Copper And Gold Boom

Freeport-McMoRan Inc. (NYSE:FCX) shares are trading higher after BofA Securities analyst Lawson Winder upgraded the stock to Buy (from Neutral) with a price target of $59. The bullish stance was due to expected higher quality copper leverage, robust and rising free cash flow, and material gold revenue (15% of the total). Related: Will Copper Reach $10,000? ‘An Essential Metal That […]

Why Chemours Gets A Double Upgrade From This Analyst

Chemours Co (NYSE: CC) reported in late March its fourth-quarter earnings ahead of expectations. With the company’s accounting issue in the rearview mirror, many of its businesses seem to be at or near an inflection point, according to BMO Capital Markets. The Chemours Analyst: John McNulty upgraded the rating for Chemours from Underperform to Outperform, […]