Market consensus is that Rolls-Royce Holdings PLC (LSE:RR.) will outperform the market, ahead of its capital markets day on 28 November.
Latest estimates suggest that flight-run hours for Rolls-Royce engines could be even higher than previously predicted.
Trade Desk Inc (NASDAQ:TTD) hit a speed bump in 3Q, catching analysts by surprise and raising concerns about the company's performance and outlook for the future.
While quarterly revenue outpaced street estimates by 1% and accelerated to an impressive 25% year-over-year growth, concerns arise from the unexpected 4Q guidance, which forecasts over 18% year-over-year revenue growth, 5% below street expectations.
Walt Disney Co should see its profitability improve in both fiscal 2024 and 2025, with its free cash flow (FCF) approaching pre-pandemic levels in fiscal 2024, according to UBS analysts.
In an update to clients, they maintained their ‘Buy’ rating and 12-month target price of $110 per share on the stock, noting that Disney should generate earnings per share (EPS) of $4.75 in fiscal 2024 and $6.14 in fiscal 2025.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF)’s 16th new contract in the automotive sector has reassured Stifel analysts of the AI-based monitoring technology group’s investment thesis.
Stifel noted that the initial US$15 million contract “was one of the few awards we have seen in the industry in recent months”, adding that it comes from an existing tier-one customer for an existing OEM in Europe.
The new Trident Royalties PLC (AIM:TRR, OTCQX:TDTRF) royalty agreement announced on Wednesday with New World Resources (ASX:NWC) has "attractive economics" that led analysts at Stifel to immediately increase their share price target.
Under the deal, Trident will pay A$11 million cash for a 0.90% NSR over the Antler project area and a 0.45% NSR over any ground subsequently acquired within five kilometres.
NXP Semiconductors N.V. (NASDAQ:NXPI) maintaining its sales model has created an unexpected upside for 2024, analysts at the Bank of America (BoA) noted following the chipmaker's third quarter financial results.
The analysts highlighted that NXP maintained its 2021 to 2024 calendar year operating model which called for an 8% to 12% compound annual growth rate in sales compared to the 2021 calendar year revenue levels.
Sonos (NASDAQ:SONO), the wireless speaker company known for its smart speakers, has been downgraded to ‘Neutral’ from ‘Buy’ by analysts at Bank of America (BofA) Securities due to ongoing softness in consumer electronics spending.
In a note to clients, the BofA analysts also lowered their price target to $12, from $20, citing the long replacement cycle of home audio products, weak housing turnover, and Sonos (NASDAQ:SONO)’ elevated inventory and promotions.
Albemarle Corporation (NYSE:ALB)’s (ALB) stock price performance could be impacted negatively as there’s greater risk to lithium volume growth and more downside earnings risk in 2024, according to UBS analysts.
In an update to clients, they downgraded the world’s biggest lithium producer to ‘Neutral’ from ‘Buy’, while reducing their target price to $140 per share from $253, noting they need more visibility on demand, pricing, and capex to get more constructive as China lithium prices are down about 50% from its June 2023 mini-cycle peak.
Wall Street is abuzz with Bumble Inc (NASDAQ:BMBL)'s latest corporate shuffle as Whitney Wolfe Herd, the trailblazing founder of the dating app, prepares to step down as CEO.
Herd, who has been at the helm since Bumble's inception in 2014, will transition to the role of executive chair, leaving the CEO position to Lidiane Jones, a seasoned leader from Slack, in January 2024.
Following Birkenstock's entry into the US stock market less than a month ago, UBS has started its coverage with a neutral stance, suggesting only a modest rise from the current $41.55 to a target price of $44.
The German sandal brand, known for its durable footwear, listed at $46 but has seen a slight decline since its lukewarm debut in October.
Jefferies has upgraded its price target for Draftkings Inc (NASDAQ:DKNG) by $4 a share to $46.00, a 36% premium to the current share price.
This bullish stance comes in the wake of DraftKings' impressive third-quarter financial results, which saw the company's revenue surge to $789.9 million, marking 57.4% year-over-year growth.
Trident Royalties’ gold offtake portfolio is the key near-term earnings driver, according to house broker Liberum.
Gold price and volatility picked up with the Israel-Hamas war, and are likely to drive a strong year-end finish for the gold offtake portfolio
Cavendish analysts have reacted positively to 88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF)’s statement published on Monday unveiling some 250 million barrels of contingent oil equivalent resources in the BFF reservoir at its Hickory-1 project area.
The independently certified contingent resource assessment, prepared by US-based independent consultancy Netherland, Sewell & Associates (NSAI), said it comprises 136 million barrels of recoverable hydrocarbon liquids (oil and natural gas liquids) plus 628 billion cubic feet of recoverable gas.