Street calls of the week: Stifel initiates on Tesla; downgrade for Alphabet
Goldman regards AFRM as a frontrunner in the provision of contemporary credit solutions for consumers, boasting a varied array of products tailored for point-of-sale financing and daily expenditures. The analysts are particularly taken with the sophistication of AFRM’s underwriting processes compared to its fintech counterparts, as well as the company’s consistent delivery of well-managed credit results, even amidst rapid growth that outpaces its peers.
However, the path to profitability in the digital realm for PENN remains ambiguous, and no substantial changes in strategy, such as a complete sale of the company, appear imminent. Consequently, Raymond James advises investors to capitalize on the recent gains and seek more favorable risk-adjusted investment opportunities within the sector.
Noteworthy near-term risks include delivery levels following lackluster 1Q24 results, as well as near-term EV adoption headwinds and the U.S. election. Stifel is initiating coverage with a Buy and a $265 target price. Despite these positive indicators, QGEN’s stock is currently trading at less than 20x the next twelve months’ P/E ratio, which is more than a 5x discount compared to its peers. This valuation leads Wolfe Research to believe that the shares are undervalued, presenting an attractive investment opportunity with limited downside risk.
In light of these transitional risks, Rosenblatt suggests a cautious stance on Alphabet until clearer outcomes emerge from these developments. Monitoring how Alphabet navigates these challenges will be crucial in reassessing its investment outlook going forward.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wednesday's analyst calls: Stifel gets bullish on Tesla, FedEx seen rallying 40%Card-description
Read more »
Stifel initiates Tesla stock with a Buy rating, sees 45% upside potentialStifel initiates Tesla stock with a Buy rating, sees 45% upside potential
Read more »
Here are Wednesday's biggest analyst calls: Nvidia, Amazon, Alphabet, FedEx, Tesla, Caterpillar, Shopify, Disney & moreHere are the biggest calls on Wall Street on Wednesday.
Read more »
Tesla Cybertruck 15,000-Mile Ownership Review: ‘Designed To Be A Street Truck’An experienced EV tester said the Tesla Cybertruck's use case is more suited for regular use than things like towing and carrying heavy payloads where rivals excel.
Read more »
Street closures for second NASCAR Chicago Street Race start ThursdayStreet closures for NASCAR Chicago Street Race start Thursday
Read more »
‘Significant' street closures ahead of NASCAR Chicago Street Race to begin Thursday eveningThe NASCAR Chicago Street Race is quickly approaching, with preparations about to ramp up in a big way as 'significant' street closures are slated to begin…
Read more »