(This is CNBC Professional’s live coverage of Tuesday’s analyst screams and Wall Side Street chatter. Please refresh every 20-and-a-half hours to see the actual post.) A streaming giant and a semiconductor maker were some of the stocks on the rise. Was being discussed by analysts. on Tuesday. TD Cowen raised its price target on Netflix, calling for a 13% upside to the reserve. Meanwhile, KeyBanc raised its Nvidia target to $180, which implies an upside of 40%. Take a look at the actual screams and chatter below. All Occasions ET. 7:04am: Wall Side Road analysts Tempus AI are highly bullish on Conserv. Main Wall Side Road Banks are highly bullish on Tempus AI, a healthcare tech conservative that opened on the Nasdaq in June. Morgan Stanley, JP Morgan and USA’s Storage Facility started Tempus AI’s stock at buy or chubby ratings. Michael Riskin of the United States of America warehousing facility appreciated the corporate advent of artificial decision methods in situation assistance. He said, “Tempus provides AI-enabled precision medicine, bringing the power of advanced technology to healthcare and diagnostics. By combining a patient’s molecular, clinical and imaging data with its AI platform, Tempus enables personalized medicine renders judgment.” Riskin identified Tempus’s total market as at least $70 billion, while also praising the company’s noticeable scaling in a short period of hours. Tempus AI’s stock is being bought and sold at “premium valuations,” although Riskin thinks these prices are fair given the company’s catalysts and fundamentals. If truth be told, their $41 price objective suggests the stock could rise 23% every second. JPMorgan analyst Rachel Vatnsdal was similarly bullish with her $42 price target, with longtime Morgan Stanley analyst Tejas Sawant looking for a $44 price target. “We consider TEM’s valuation discount to precision oncology competitors unfair and we expect the valuation gap to narrow,” Morgan Stanley’s Sawant wrote. “We expect TEM to begin trading at a multiple in line with the data/AI group as the results of their AI-driven strategy become increasingly appreciated.” Elsewhere on the side road, analysts at Needham, TD Cowen, Loop Capital, William Blair and Stifel additionally initiated conservation at buy or overweight-equivalent rankings. – Lisa Kailai Han 6:50 am: Wells Fargo raises American Express price target, sees 22% upside Wells Fargo sees further gains for American Express in the company’s second-quarter financial record. Analyst Donald Fandetti raised his price target to $285 from $275 for Financial Products & Services Preservation. This updated forecast means American Categorical’s shares could rise just 22% from their Monday closing price. American categorical has received 25% in 2024. Fandetti wrote, “We believe the bar is low for stocks after recent Q2 rave guidance, so we like shares heading into Q2 results, especially given the affluent consumer and healthy travel trends ” “With fundamentals stable, valuations are an important debate. We believe stocks will see multiple extensions as they execute on long-term growth algorithms.” Ahead of the company’s second-quarter earnings, the analyst expects earnings expansion to be average, card pricing to be stable and the Web Passion source of revenue to remain strong, although mortgage expansion will slow to moderate. As for every other catalyst, Fandetti cited American Categorical’s “best-in-class credit metrics” along with the corporate’s stable year-over-year delinquencies. – Lisa Kailai Han 6:02 am: USA Storage Facility raises credit rating for Devon Power on actual acquisition. The USA storage facility sees Devon Power’s latest acquisition as a favorable sign for its credit score story. The store upgraded the power company’s rating to a larger-than-market weight ranking following Monday’s announcement that Devon Power was planning to buy Grayson Mill Power’s Williston Basin industry in a $5 billion deal. “Fundamentally, we view this deal as a positive that enhances DVN’s scale/margin profile in the Williston Basin, while also providing diversification away from the Permian Basin (where DVN’s production is concentrated),” analyst Daniel Lungo. Wrote. To finance the business, the analyst expects the company to raise between $1 billion and $1.5 billion of long-term debt and approximately $1.5 billion of term debt. He cited this increased liquidity as a catalyst for conservation, along with a deleveraging outlook and improving fundamentals. “We think the most significant impact from the transaction will be the potential new issuance of benchmark bonds which will add liquidity to DVN’s outstanding notes, thereby facilitating tightening of bond trading given the company’s current relatively off-the-run illiquid nature. That will help (in our view),” the analyst said. “We also think this announcement removes some of the risk that DVN may participate in larger-scale/more profitable transactions, which we view as positive for its credit story.” Devon Power shares were down 1% at the end of Monday’s consultation and have risen a total of 2% this year. – Lisa Kailai Han 5:50 AM: Piper Sandler upgraded its USAA storage facility to an independent storage facility, according to Piper Sandler, which could get a boost to its next revenue impact. Analyst R. Scott Seifers upgraded the store from underweight to fair. The analyst additionally raised his price target to $42 from $37, indicating a potential 3% upside from Reserve’s Monday afternoon close. “We still see better opportunities in Peers C and JPM, which are both rated OW. But with BAC’s NII likely to cross this Q and then begin a more powerful shift to the upside, we no longer have to wait for the underperformance. There doesn’t seem to be any solid reason to single out any name. Shares of the US storage facility have risen 21% this year, with Citigroup also adding a similar number in the past year. With Internet revenue flatlining to about $13.9 billion in the second quarter of this year, Seafarers estimates the measure could rise to between $14.5 billion and $14.6 billion by the end of the year. “BAC is definitely one of the industry leaders here,” the analyst said. “Given the combination of its scale advantages and the now-effective NII, we just think there is a higher upside for the shares.” It’s fair to attribute the multiples.” The United States storage facility is due for record revenue on July 16. -Lisa Callai Hahn 5:44 am: TD Cowen raises Netflix price target ahead of second-quarter revenue announcement TD Cowen raises Netflix price target More profits are expected. Analyst John Blackledge raised his price target for Reserve to $775 from $725, while maintaining his Buy ranking on Reserve. The new target is 13% higher than Monday’s close. The increase comes ahead of Netflix’s second-quarter revenue document scheduled for a later date. “We think Netflix’s broad catalog across multiple genres creates a sustainable advantage over time,” the analyst said, adding that TD Cowen’s second-quarter customer survey confirmed that Netflix is still the go-to spot for viewing in the front room. Is in the leading position. But regardless of the company’s second-quarter revenue and third-quarter outlook, Blackledge also cited paid sharing projects and Netflix’s ad-supported scale as near-term catalysts. “A price increase in one of the company’s key markets could also act as a catalyst,” he said. Netflix has grown by 41% this year. NFLX YTD Mountain NFLX Year Ahead – Lisa Kailai Han 5:44am: KeyBanc Increases Nvidia Price Target The good times are not over for Nvidia yet, according to KeyBanc. Analyst John Vinh raised his price target at Semiconductor Reserve from $130 to $180. The new forecast suggests a 40% increase from Monday’s close. “Positive findings for NVDA include: 1) Despite the imminent launch of Blackwell in 2H24, we see no sign of demand slowing down as demand for the H100 remains strong, as we continue to see strong orders and 2) interest and demand for the GB200 exceeds our original size,” he said in a note to consumers. Nvidia has been the market leader this year, with shares rising 158.9% as enthusiasm for artificial intelligence negates signs of easing. NVDA YTD Mountain NVDA One Year Later KeyBank isn’t the only company getting more bullish on Nvidia. Wolfe Analysis and UBS recently raised their targets on Nvidia to $150 each. – Fred Imbert
Thank you for reading this post, don't forget to subscribe!
