Welcome to the Extreme Investor Network blog, your go-to source for expert insights and analysis in the world of investing. Today, we are breaking down the latest analyst calls and Wall Street chatter to help you make informed decisions about your investments.
Let’s start with the big news of the day: UPS and Meta Platforms were the focus of some major analyst calls on Wednesday. Redburn Atlantic upgraded UPS to a buy rating, citing a potential 20% upside for the delivery giant. Meanwhile, Wells Fargo raised its estimate for Meta Platforms’ ad sales, projecting a strong first quarter for the social media company.
In other news, Argus Research downgraded PepsiCo to hold, citing concerns about price hikes hurting revenue. Needham, on the other hand, views SoFi Technologies as a long-term winner in the digital lending/neobank space, initiating coverage with a buy rating and a $10 price target.
Citi analyst Joanne Wuensch highlighted positive growth prospects for medtech stocks, singling out Boston Scientific, iRhythm Technologies, and Intuitive Surgical as top picks. Goldman Sachs initiated coverage of Carlisle Companies with a buy rating, emphasizing the potential for growth driven by a “re-roof cycle.”
On the flip side, Wells Fargo downgraded Wolfspeed due to Tesla exposure concerns, while Guggenheim cut its price target on Tesla after projecting negative volume growth for 2024. JPMorgan downgraded Ally Financial to underweight, questioning the extent of the lender’s recent rally.
Lastly, KBW raised its price target on Coinbase following a surge in crypto volumes, but remains cautious on regulatory risks. And Wells Fargo sees a strong first quarter for Meta Platforms’ ad business, projecting a 20% upside for the stock.
At Extreme Investor Network, we go beyond the headlines to provide you with in-depth analysis and unique insights that will help you navigate the complex world of investing. Stay tuned for more updates and expert commentary to help you achieve your financial goals.
