nasdaq
Jefferies has revised its price target for Coinbase Global Inc. (NASDAQ: COIN) from $245 to $220, maintaining a Hold rating on the stock. This adjustment reflects growing concerns over market conditions and declining volatility in the cryptocurrency sector. The downward revision follows a substantial 28% drop in Coinbase’s total trading volume in Q2, with retail trading volume down by 34% and institutional volume by 26%. Coinbase’s declining trading volumesThe reduction in trading volumes has directly impacted Coinbase’s financial performance. Transaction revenue fell by 27%, highlighting the ...
Invezz
Baird’s reaffirmation of its “Outperform” rating on eBay Inc. (NASDAQ: EBAY) underscores the investment firm’s continued confidence in the online marketplace giant. With a price target of $62.00, Baird projects a potential upside of approximately 9% from eBay’s current trading price. This endorsement follows an encouraging analysis of eBay’s transaction data for July, which showed slightly better month-over-month growth than historical averages. While Baird remains optimistic, they are cautiously awaiting the impact of the back-to-school season and early holiday trends before making any furthe...
Invezz
Intuitive Machines (NASDAQ: LUNR) has been on a tear, with its stock soaring by 40% in a single day. This surge has caught the attention of retail traders, driven by a growing enthusiasm for space exploration stocks. Over the past five days, the stock has climbed 60%, marking a 130% increase since the beginning of the year. While the rally makes the stock a risky play, there are several compelling reasons why some investors might still consider chasing this upward trend. Intuitive Machines’ $77 million contract with NASAOne of the key drivers behind Intuitive Machines’ recent success is its in...
Invezz
PayPal Holdings Inc. (NASDAQ: PYPL) is positioning itself as a compelling investment opportunity despite facing market challenges. After over a year of trading in a consolidation phase, the stock is showing signs of recovery, driven by strategic moves and robust financial metrics. The company’s latest announcement—integrating ‘Fastlane by PayPal’ into Adyen’s platform—illustrates its commitment to enhancing user experience and revitalizing shareholder value. Here are three reasons why PayPal stock is worth considering now. PayPal’s brand strength and potential for expansionPayPal remains a dom...
Invezz
Warren Buffett, known for his selective and strategic investment approach, has recently made headlines by significantly increasing his stake in Sirius XM Holdings Inc (NASDAQ: SIRI) by an impressive 262%. This move stands out, particularly as Sirius XM is preparing for a reverse stock split in the third quarter of 2024. Reverse splits are often perceived as a sign of financial weakness, typically implemented to comply with the minimum listing standards of major exchanges. However, Buffett’s investment suggests a more nuanced view of Sirius XM’s financial health and prospects. Sirius reverse sp...
Invezz
Investors are gearing up for significant opportunities in the housing sector with expectations that the US Federal Reserve will announce its first rate cut in September. Jay McCanless, an analyst at Wedbush, advises increasing exposure to housing stocks as lower mortgage rates typically enhance home affordability and stimulate housing demand. Among the stocks, McCanless highlights are Builders FirstSource Inc (BLDR) and Cavco Industries Inc (CVCO), both of which are well-positioned to benefit from this anticipated shift in monetary policy. Why Builders FirstSource is a strong investmentBuilder...
Invezz
AST SpaceMobile (Nasdaq: ASTS) has had a great year. It is up 500% this year and over 820% in the last year. Today alone, the stock is up 17%, fueling a retail frenzy as traders flock to the stock to get a share of the upside. The stock seems to be on course for further upside, as many on social media speculate about a short squeeze that can further drive the stock up. But is it a sane decision to enter at this point? Let’s take a look at what the company is doing to see if it’s a worthwhile endeavour backing it at current levels. AT&T and Verizon dealsMay was an eventful month for the company...
Invezz
Fortnite Chapter 5 Season 4 has officially launched on August 16, 2024, introducing a host of new features that promise to invigorate the battle royale experience. With the addition of Marvel-themed skins, innovative weapons, and redesigned points of interest (POIs), this season aims to captivate players through its conclusion on November 2, 2024. Marvel-inspired battle pass and new skinsA major highlight of this season is the Marvel-themed battle pass, which allows players to unlock a variety of iconic Marvel characters. Among the most anticipated is Gwenpool, a character expected to become a...
Invezz
Cisco Systems Inc. (NASDAQ: CSCO) received a vote of confidence today as HSBC upgraded the stock from “Hold” to “Buy” and raised its price target from $46 to $58. This new target represents a potential upside of 20% from the previous day’s closing price, signaling renewed optimism about Cisco’s future growth prospects, particularly in its networking and security segments. Why HSBC is bullish on CiscoHSBC’s upgrade is grounded in an optimistic forecast for Cisco’s future performance, especially in its core networking and rapidly growing security sectors. HSBC projects a compound annual growth r...
Invezz
Saham dalam penambang Bitcoin Core Scientific jatuh lebih dari 10% setelah mengumumkan penawaran hingga $400 juta dalam nota senior boleh ditukar kepada pelabur, meningkat daripada $350 juta pada hari sebelumnya. Nota boleh ditukar kepada ekuiti pada tarikh kemudian dan membayar faedah kepada pelabur dari masa ke masa. Ia merupakan bentuk hutang bagi syarikat. Saham Core Scientific jatuh 10% kepada $8.46 setiap saham di Nasdaq. Walau bagaimanapun, selepas waktu bekerja, ia pulih sebanyak 1% kepada $8.55. Dalam siaran media pada 14 Ogos lalu, penambang tersebut mengumumkan nota $400 juta akan d...
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