(This is CNBC Professional’s live coverage of Tuesday’s analyst screams and Wall Boulevard chatter. Please refresh every 20-and-a-half hours to see the latest posts.) Sports Activities Building a Media Giant and a Betting Company Some of those stocks were being discussed. Via analysts on Tuesday. Goldman Sachs initiated Disney’s rating with a buy rating and a price target that implies an upside of more than 20%. Meanwhile, Raymond James downgraded Penn Entertainment to Market Perform from Outperform. Elsewhere, Piper Sandler raised its price target on Uber and is calling for about a 25% upside. Take a look at the latest screams and chatter below. All Occasions ET. 7:33 a.m.: Guggenheim launches Rivian into buy ranking, projects 63% surge. According to Guggenheim, the outlook ahead for Rivian appears promising. The funding company initiated the buy ranking for the electric car maker. Analyst Ronald Jusikov also created a price target of $18, which is about 63% above where the stock closed on Monday. Rivian has declined 53% in this life, but Jusikov believes a turnaround in the second half of its life will take the book up in the last word. “Investors should buy RIVN ahead of our expectation of a positive turnaround in EBITDA in mid-2026,” the analyst wrote. “While EV sentiment remains negative, we believe RIVN is uniquely positioned to demonstrate to the growing share of young, digitally oriented consumers that EVs are not only clean and green, but with software, “Can provide better products than ICE vehicles. Thoughtful design elements.” Meanwhile, Jewico also believes Rivian’s R2 and R3 models could bring “high-teens gross margins” in the lower case. The company’s scalable and vertically built structure should make additional contributions to both a cleaner environmental footprint and an “improved consumer experience,” the analyst wrote. Jewko said Rivian is uniquely positioned to enjoy US protectionism for electric cars. The company can also take advantage of partnerships with the Chinese electric car market going forward. – Lisa Calai Han 7:18 am: Truist upgrades Ball to buy, citing attractive fundamentals and valuation According to Truist Securities, Ball’s solid fundamentals and tasty valuation make it a good buy. Analyst Michael Roxland upgraded shares of Industrial Corporate from a Hold to a Buy ranking. The analyst also raised his price target to $76 from $67. This updated forecast is about 23% higher than Monday’s close. Roxland makes the book’s valuation extra attractive by citing contemporary sales. “We believe BALL’s stock changes are largely an overreaction, given the company is on track to grow earnings at ~13-14% CAGR from 2024-2027 and ~11-12% CAGR from 2024-2030, which “We believe expectations of more modest volume growth are being supported by cost management and productivity,” he wrote. Roxland, meanwhile, cited Ball’s refreshed value center and portfolio optimization as a strength. The company has also focused on optimizing its capital formation by reducing its debts slightly and maintaining web leverage. Ball’s stock is up 7% over its life. Ball YTD Mountain Ball Life to Edge – Lisa Kailai Han 7:09 am: UBS Upgrades Cloudflare to Neutral According to UBS, the month has come for Cloudflare to show up on stream. The store upgraded the cloud and cybersecurity company’s shares from a promoted to a neutral ranking. Analyst Roger Boyd raised his 12-month price target to $82 from $76. Cloudflare has slipped 6% this lifetime. Boyd’s untouched price forecast means the book could only gain 4% from its wave phase. “After some GTM momentum, improved SASE testing, a 1Q guide-down, and a valuation de-rating, we think shares achieve a more balanced risk/reward,” Boyd wrote. “We think growth headwinds are reflected in the stock’s 12% decline since 1Q.” Additionally, the analyst pointed to a refreshingly synthetic understanding of the book. Meanwhile, Cloudflare’s traction in effort security appears promising, as does its ability to compete within stock gains access to carrier edge length. – Lisa Kailai Han 6:55am: TD Cowen says Hole’s potential earnings expansion is ‘underappreciated’. TD Cowen believes Hole’s potential earnings expansion is ‘underappreciated’. The monetary company upgraded the retail chain from a stock to a buy ranking. Analyst Jonah Kim simultaneously raised his price target to $30 from $28, citing the potential for earnings growth. Kim’s updated price forecast shows a 21% upside for the book. Hole has only won about 19% of the time in this lifetime. As a catalyst, Kim cited “a potential upside to FY24 Street estimates given solid topline momentum combined with margin expansion on continued inventory and expense management.” The analyst said that while life’s back-to-school season could be a near-term catalyst for holes and used military, an untouched denim cycle puts manufacturers in a better position for the season than extreme life. As additional strengths, Kim cited Used Military’s improved product assortment, early drug breakthroughs at Athleta, and the collaboration with Hole, which have contributed to “increasing cultural relevance.” – Lisa Kailai Han 6:27 am: Citi has upgraded Chinese electric car maker Xpeng to go independent. According to Citi, the risk-reward for Xpeng has become neutral. Stores upgraded the Chinese electric car maker’s stock to a neutral rating from a promotion. Analyst Jeff Chung also created a price target of $8.30 for the book, meaning the stock could only rise 5%. As a catalyst, Chung referenced XPeng’s strong product pipeline. “According to IHS, . “We expect it to launch a small-sized car (MONA) as well as potential PHEV models that will enhance Xpeng’s export business in the long term.” The analyst also cited Xpeng’s partnership with Volkswagen as a contributing factor in improving the former’s unfair profit margins and increasing Xpeng’s reach to self-sufficiency in data usage. Additionally, as the risk-reward of the XPeng valuation is now fair, Chung’s name promotion has ended over the past 18 months, he said. Xpeng’s stock has slipped nearly 46% in 2024. – Lisa Kailai Han 5:57am: JPMorgan downgrades C to neutral. According to JP Morgan, C’s outlook may be bleak due to increasing aggressive pressure. The store downgraded the Singapore-based tech company’s shares from overweight to fair ranking. Analyst Ranjan Sharma lowered his price target to $78 from $84, meaning the stock could still gain about 3% from here. C book has increased by 87% in 2024. SE YTD Mountain SE From Life to Age “SE’s share price has surged 116% from its low in Jan-24, driven primarily by positive earnings revisions within ecommerce. Incremental growth in competition is now taking place in our In view, near-term positive earnings revisions and share price are likely to remain under pressure, the analyst said, adding that the big upside comes mainly from TikTok in the Philippines and Malaysia. Plus, cross-border laws and tax hikes could also hurt e-commerce business – Lisa Kailai Han 5:50 am: Piper Sandler calls Uber ‘napping wide’ to boost opportunities in gig economy, according to Piper Sandler. Uber has become a “sleeping large”, with a 25% upside. The company reiterated its bullish ranking on Uber and raised its price target to $88 from $86. That’s in line with the 25% increase for Uber’s book. “But, like all two-sided markets, AMZN has proven to be a high-margin advertising opportunity,” Champion wrote. The scale makes it a sleeping giant.” The analyst noted that Uber has exceeded expectations for its EBITDA metrics by an average of 15% over the past 10 quarters. Therefore, Champion believes the company’s margin opportunity will still be underappreciated. He said Uber offers the most guarantees when it comes to long-term business opportunities. “Considering potential LT ad engage rates combined on a $scale, UBER appears to have the most potential for growth with a $4.3BN increase by ’27,” Champion said. Another catalyst for the book may have been that Uber recently opened up its travel ads to programmatic buying on Google Shows and Video 360, Business Table, and Yahoo DSP. Champion said this could bring annual advertising spending to approximately $46 billion. Uber’s stock has increased by about 15%. – Lisa Kailai Han 5:41 am: Goldman Sachs launches Disney with buy ranking Disney has room to grow, according to Goldman Sachs. The store initiated the Safety of Entertainment sector in the Buy ranking, keeping a 12-month target price of $125. This means Disney shares could rise 23% from Monday’s close. Disney has added 13% to This Life. “Disney is a high-quality EPS compounder, which should deliver 6% revenue growth, 9% EBIT growth and a 14% EPS CAGR (F2024E-2030E) driven by contributions from share buybacks and other income,” analyst Michael Ng wrote. “This medium-term growth is supported by its content, which is based on world-class storytelling, and the portfolio of long-term marquee sports rights at ESPN.” As a catalyst, the analyst referenced Disney’s direct-to-consumer platform, which he said was one of the few strong streaming services to compete against Netflix. Content material sales and licensing additionally bump up on a cyclical basis in 2023, although profitability should return to the branch in this life. Ng cited ESPN’s direct-to-consumer projects and powerful business fundamentals within the Cruise and Theme Sails verticals as additional strengths for the corporate. He said those investments — which include building three untouched cruise ships and expanding Disneyland Ahead — could contribute about $10 billion in annual revenue for the upcoming spectacular. – Lisa Kailai Han 5:41 am: Raymond James downgrades Penn Leisure In line with Raymond James, this is the month to put money into Penn Leisure shares. Analyst RJ Milligan downgraded Online Casino and Sports Activities to Outperform from Corporate to Market Betting. He also took off his $20 price target, which implies just a 3% upside from Monday’s close. Fresh activist forces and M&A rumors have recently pushed shares higher, limiting further upside potential, Milligan said. Sure, the price of the book is about 21% higher than that of the current generation. “Given that the path to profitability in digital still remains uncertain, and we do not expect any dramatic changes in strategy (for example, a complete sale of the company) in the near term, we encourage investors to take profits and Advising to look for better exposure-adjusted opportunities in the sector, “we also question whether PENN will also be a willing seller in the near term.” Have placed a big bet on their partnership with the NFL and will likely be looking to see how successful (or unsuccessful) they will be through the NFL season,” he said. Despite the hot features, Penn stock is ailing 25% over life expectancy. NVDA YTD Mountains NVDA From Life to Age – Fred Imbert
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