Analysts are intrested in these 5 stocks: ( (XYZ) ), ( (SPG) ), ( (SIRI) ), ( (ABBV) ) and ( (AAPL) ). Here is a breakdown of their recent ratings and the rationale behind them.
Block, the company behind Square and Cash App, is currently under the spotlight with a Hold rating from analyst Adam Frisch. The analyst highlights the potential of Block’s two major segments, Square and Cash App, which are seen as promising growth assets despite recent challenges. The report suggests that while there are near-term catalysts, macroeconomic uncertainties need to be resolved before a more bullish stance can be taken. The focus is on increasing Cash App’s attach rates and expanding Square’s market reach.
Simon Property Group has caught the attention of analyst Simon Yarmak, who upgraded the stock to a Buy. The upgrade comes as shares have pulled back significantly, making them undervalued. The analyst points out that the company’s current trading levels are below its historical averages, suggesting potential for multiple expansion. With a target price of $168.50, the report emphasizes the attractive valuation and the potential for growth in the core real estate FFO.
Sirius XM Holdings has been upgraded to a Buy by analyst David Joyce, who cites the company’s recession-resistant business model as a key factor. With a focus on recurring subscription revenue and a strong free cash flow model, Sirius XM is positioned as a stable investment amidst economic uncertainties. The analyst also notes the company’s 5% dividend yield and potential growth opportunities in advertising and bi-directional satellite radio.
AbbVie has been given a Neutral rating by analyst Asad Haider, who acknowledges the strong growth of the company’s key drugs, Skyrizi and Rinvoq. However, the report highlights potential headwinds in the Aesthetics franchise and challenges in the Neuroscience and Oncology segments. The analyst remains cautious about the near-term outlook but sees potential in AbbVie’s cardiometabolic/obesity initiatives.
Apple has been upgraded to Hold by analyst Edison Lee, despite a reduction in earnings forecasts due to global recession risks and a weaker AI outlook. The report suggests that while Apple is not cheap, its commitment to investing in the US and potential tariff exemptions provide some support. The analyst highlights concerns about AI traction on smartphones and structural challenges in the market, but notes that Apple’s valuation still leaves room for downside.