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(This is CNBC Pro’s live coverage of Thursday’s Analyst Call and Wall Street Chat. Refresh every 20-30 minutes to see the latest posts.) Thursday Early news stories focused on a struggling electric car maker and the parent company of two martial arts leagues. Analyst calls. Jefferies opened Rivian with a buy rating and was looking for an upside of 40% or more. Elsewhere, Goldman Sachs gave TKO Group a buy rating, noting that the stock is likely to outperform going forward. Check out the latest calls and chats below. Always Eastern Time. 7:07 a.m.: Attractive entry point emerges, Jeffries names Pinterest as top pick Jeffries says now is the time to buy Pinterest. The investment firm reiterated its buy rating on Pinterest stock, naming it a top stock. Analyst James Heaney’s $46 price target suggests Pinterest stock could rise 33% from Wednesday’s closing price. Pinterest stock has fallen nearly 7% this year, making it an attractive entry point, analysts said. “Our bullish scenario suggests the potential for more than 20% revenue growth in 2024 from 1) increased advertising loads, and 2) 3P, as a result of recent stock weakness (down 4% year-to-date) , COMP +9%).” [third-party] advertising partnerships, and 3) a return to growth in advertising prices (following a 15-20% decline in 2023),” Heaney said. Google could boost Pinterest’s revenue growth to 20% in 2024. Amazon could add 4% and 7% points to Pinterest’s revenue growth in 2024 and 2025, respectively, while the company’s partnership with Google could help improve the monetization of its international business. There is. Heaney also said, “If the company can reduce operating expenses, it is very likely that the company will be able to expand its margins next year.” Assuming PINS can achieve similar operating leverage to peers like TTD, we would expect an adjustment amount. EBITDA margins will comfortably reach the low 30% range over the next few years (versus 22% currently),” he added. — Lisa Kailai Han 6:43 a.m.: Citi keeps Tesla, but looks forward to future prospects Things could get better, Citi says. Tesla reiterated that it maintains its rating on Tesla.A series of headwinds have caused Tesla shares to fall 29% this year, but analyst Itai Michaeli’s price target of $224 means that the stock will be worth 27% from now. However, the analyst said he intends to remain on the sidelines until a more convincing entry point emerges. (Citi
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