Analysts are intrested in these 5 stocks: ( (COIN) ), ( (SPOT) ), ( (KMB) ), ( (CVX) ) and ( (W) ). Here is a breakdown of their recent ratings and the rationale behind them.
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Coinbase Global has been downgraded to a ‘Sell’ by analyst Ed Engel, who cites an extended valuation amid a crypto sell-off. The price target has been reduced to $248, reflecting a significant decrease from previous expectations. Engel highlights weakening earnings trends and waning retail interest in crypto treasury stocks as reasons for the downgrade. The analyst also notes increasing competition from stablecoins, which could further impact Coinbase’s valuation.
Spotify has received an upgrade to ‘Hold’ from analyst Helena Wang, with a price target of $600. Despite strong user growth and improved margins, the company’s guidance for the third quarter remains soft due to near-term investments. The report highlights Spotify’s robust growth in premium subscribers and improvements in gross margins, but also points out the negative impact of social charges on the company’s adjusted PATMI.
Kimberly Clark has been upgraded to ‘Hold’ by analyst Andrea Faria Teixeira, with a price target of $138. The upgrade is based on better-than-expected sales growth and cost savings. The company is expected to benefit from market share gains and strong growth in international markets. The report also mentions Kimberly Clark’s strategic decision to focus on higher growth and margin businesses, which is expected to drive future profitability.
Chevron has been initiated with a ‘Buy’ rating by analyst Devin Mcdermott, with a price target of $174. The report highlights Chevron’s solid earnings results and strong operational performance, particularly in the Permian Basin. The recent acquisition of HES is expected to enhance Chevron’s growth and portfolio duration. Despite a less clear long-term outlook compared to peers, Chevron’s leading free cash flow rate of change is seen as a positive factor.
Wayfair has been upgraded to ‘Buy’ by analysts Charles Grom and Ygal Arounian, with price targets of $100 and $93, respectively. The upgrades are based on improving macroeconomic conditions and the company’s successful initiatives to drive growth. Wayfair’s ability to achieve positive sales despite a stagnant industry is seen as a sign of its strong market position. The analysts note that Wayfair’s recent performance and strategic improvements could lead to a multi-year period of expansion.