Welcome to Extreme Investor Network, where we provide you with the latest insights and analysis on the stock market. Today, we are diving into the recent analyst calls and Wall Street chatter surrounding top stocks like Netflix, Arm Holdings, T-Mobile, Carvana, Meta, Wolverine World Wide, and Molson Coors.
Let’s start with T-Mobile, where Citi has reiterated its buy rating ahead of the telecommunications giant’s next quarterly earnings announcement. Analyst Michael Rollins raised the price target for T-Mobile to $210 from $184, citing a stabilizing wireless competitive environment and solid postpaid phone growth. With a potential 15% upside, T-Mobile stock looks promising.
Next, JPMorgan is forecasting continued momentum for Carvana in its upcoming second-quarter earnings release. Analyst Rajat Gupta believes Carvana could see a 20% rally from Thursday’s close, driven by better gross margins and operational improvements. The used car retailer is on a path to profitable growth, making it a stock to watch.
Moving on to Meta, Oppenheimer raised its price target on Meta shares to $525 from $500, indicating a potential 10.3% increase. Analyst Jason Helfstein is optimistic about Meta’s performance despite recent challenges, citing a robust digital ad market and high investor expectations for the second half of 2024.
UBS believes footwear manufacturer Wolverine World Wide is poised for growth, upgrading the stock to buy from neutral. Analyst Mauricio Serna raised the price target to $20 from $13, implying a 57.6% upside potential. With a leaner business and improved margins, Wolverine World Wide is set for a surge.
Barclays, on the other hand, downgraded Molson Coors to underweight, citing a challenging industry backdrop and macro headwinds. The beer company’s stock is down around 14% year to date, making it a bearish pick in the beverages sector.
Lastly, Morgan Stanley upgraded Arm Holdings to overweight from equal weight, with a price target of $190. Analyst Lee Simpson sees potential upside in Arm Holdings due to its focus on the emerging Edge AI space and custom silicon designs. With shares up more than 100% year to date, Arm Holdings is a chipmaker to keep an eye on.
At Extreme Investor Network, we provide in-depth analysis and unique insights to help you navigate the stock market and make informed investment decisions. Stay tuned for more updates on top stocks and market trends. Remember, investing involves risks, so always do your own research before making any investment decisions. Happy investing!