Analysts are intrested in these 5 stocks: ( (ETSY) ), ( (CLS) ), ( (BIIB) ), ( (SRPT) ) and ( (M) ). Here is a breakdown of their recent ratings and the rationale behind them.
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Etsy has recently been upgraded to a ‘Hold’ by analyst Nathan Feather, reflecting a shift from an ‘Underweight’ stance. This change comes as the company’s valuation has adjusted, and its growth metrics are expected to stabilize. Despite underperforming the S&P by 20% over the past year, Etsy’s core Gross Merchandise Sales (GMS) are anticipated to re-accelerate due to easing comparisons. However, long-term concerns remain regarding Etsy’s ability to drive purchase frequency and churn. The stock’s price target has been raised to $50, suggesting a more balanced risk-reward scenario in the near term.
Celestica has been initiated with a ‘Hold’ rating by analyst Atif Malik, with a target price of $172. The stock has seen a significant rise, driven by its gains in the AI back-end switch market. Celestica’s strong position is supported by its major customers, Google and Amazon, which account for a substantial portion of its sales. While the company benefits from the growing demand for AI-related data center switches, its valuation remains high compared to peers. The potential for further growth exists, but risks include competitive pressures and customer program losses.
Biogen has been downgraded to ‘Hold’ by analyst Srikripa Devarakonda, with a revised price target of $142. This downgrade reflects a lack of near-term growth drivers and a suboptimal outlook for its commercial franchise. The company’s potential blockbuster opportunities appear limited, and its existing products, such as Leqembi and Zurzuvae, face challenges in gaining market traction. Additionally, Biogen’s late-stage development pipeline is seen as high-risk, contributing to the cautious stance on the stock.
Sarepta Therapeutics faces a challenging outlook as analysts Gil Blum, Yigal Nochomovitz, and Anupam Rama have all downgraded the stock to ‘Sell’. The company’s Elevidys product is under scrutiny by the FDA, raising concerns about its future market presence. The potential for regulatory action and negative media headlines have created uncertainty around Sarepta’s financial stability and growth prospects. Analysts highlight the need for clarity on Elevidys’ status and potential restructuring to improve the company’s outlook.
Macy’s has received a ‘Buy’ rating from analyst Mickey Legg, with a positive outlook on its durable and cash-generative franchise. The company’s potential for upside is seen as underappreciated, and the analyst has set a price target of $65. Macy’s is positioned well within its sector, and the initiation of coverage reflects confidence in its ability to deliver value to investors. The stock’s attractive valuation and growth potential make it a compelling choice for those looking to invest in the retail sector.