Welcome to Extreme Investor Network, where we provide unique and valuable insights into the world of investing. Today, we bring you the latest analyst calls and Wall Street chatter to help you make informed decisions about your investments.
Morgan Stanley recently raised its rating on U.S. Steel to overweight, predicting a more than 30% upside. Meanwhile, Baird upgraded Micron Technology to outperform, highlighting a buying opportunity after a recent pullback. These analyst calls reveal potential opportunities for investors to capitalize on.
In other news, Flutter, the parent company of Fanduel, has been identified as a long-term winner in the U.S. sports gambling boom. MoffettNathanson initiated coverage of Flutter with a buy rating and a price target of $240 per share, projecting more than 20% upside. Investors seem to undervalue Flutter’s international business, presenting additional upside potential.
On the flip side, Peloton faced a downgrade from Citi after recent management changes raised concerns about the company’s future direction. Citi lowered its price target on Peloton, reflecting uncertainty about the company’s strategic direction. Despite Peloton’s strong content offerings and engagement trends, top-line visibility remains limited.
Barclays increased Coinbase’s price target but reiterated an underweight rating due to the company’s murky outlook. While 1Q24 results were strong, April showed slower transaction activity, creating uncertainty about Coinbase’s future performance. Investors should tread carefully when considering investments in Coinbase.
Carvana received a price target raise from Morgan Stanley after its operational turnaround. The stock, however, is expected to face pressure despite its positive growth trajectory. Investors should weigh the risks and rewards when evaluating Carvana as an investment opportunity.
Additionally, Wells Fargo labeled Citi as a ‘dominant’ top pick following a meeting with the banking giant’s CEO. The firm expects Citi to show higher revenues and lower expenses in 2024, driving earnings growth. Citi stock has the potential for significant upside, making it an attractive option for investors.
UBS downgraded Johnson Controls International, citing operational challenges and concerns about meeting full-year guidance. Despite the stock’s historical lows compared to peers, UBS sees limited positive catalysts ahead for Johnson Controls. Investors should exercise caution when considering investments in the HVAC company.
Lastly, Baird upgraded Micron Technology and named it a top semiconductor pick, indicating significant upside potential. The firm’s price target reflects confidence in Micron’s future performance, despite recent fluctuations in the stock price. Investors should closely monitor Micron’s developments to capitalize on potential growth opportunities.
At Extreme Investor Network, we strive to provide unparalleled insights and analysis to help you navigate the complex world of investing. Stay tuned for more updates and expert commentary on the latest market trends and opportunities. Happy investing!
