Welcome to Extreme Investor Network, where we bring you the latest insights and analysis on the world of investing. Today, we are diving into two big media companies that have caught the attention of analysts – Sphere Entertainment and Fox Corp.
Sphere Entertainment, the owner of the iconic Las Vegas Sphere, is projected to rise by 23%, while Fox Corp is expected to gain 18% from its current levels. Both stocks have shown positive momentum in trading before the opening bell on Friday.
But that’s not all – we also have some exciting analyst calls and upgrades to share with you. Cantor Fitzgerald has upgraded Teradyne, calling it a “sneaky AI play” with significant upside potential. The semiconductor stock has pulled back in recent weeks, presenting an opportunity for investors to jump in and benefit from its exposure to AI and semiconductor industry recovery.
Meanwhile, New Street Research has upgraded Cisco Systems, citing a return to growth and margin expansion. The networking equipment maker has announced plans to cut its workforce and is transitioning to subscription-based and software-defined products, which are expected to drive continued growth.
On the flip side, Bank of America has downgraded Estee Lauder due to challenges in China and softening industry demand. The beauty stock has faced headwinds from a delayed recovery in China, leading to a reversal of its previous upgrade in March.
Looking ahead, Piper Sandler recommends buying Microchip Technology, citing growth opportunities and potential gross margin expansion. The semiconductor stock is expected to benefit from green shoots in demand and improved business environment recovery.
And lastly, JPMorgan has upgraded Sphere Entertainment, highlighting its strong financials and solid operating model. The media and entertainment stock has shown impressive growth this year, and the potential for international venues could further boost its performance.
In a similar vein, Wells Fargo has double upgraded Fox Corp, pointing to upside potential from its sports streaming portfolio and joint Venu Sports streaming service. The media company is expected to benefit from the rise of sports streaming and the election cycle, which could add significant value to its cable business.
At Extreme Investor Network, we provide in-depth analysis and unique insights to help you navigate the ever-changing landscape of investing. Stay tuned for more updates and information to help you make informed investment decisions.