Top Analyst Ratings: Sept 19th, 2024

STA Research

September 19th, 2024

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Top Ratings

Rating: Outperform
Target Price: USD 230 (Maintains)
Date: 09/19/2024
BMO Capital Markets reiterated its “Outperform” rating for Amazon, maintaining a target price of USD 230. This suggests confidence in Amazon’s growth trajectory, driven by its diversified business model that includes e-commerce, cloud computing through AWS, and digital advertising. Analysts likely believe that Amazon will continue to capture market share and innovate, positioning it well for future revenue growth despite potential macroeconomic challenges.

Rating: Outperform (Initiates)
Target Price: USD 5.5
Date: 09/19/2024
Northland Capital initiated coverage on Hive Blockchain with an “Outperform” rating and a target price of USD 5.5. This initiation reflects an optimistic view on Hive’s potential in the cryptocurrency sector, particularly as interest in blockchain technology and digital assets remains robust. Analysts may see Hive as well-positioned to benefit from increasing adoption of cryptocurrencies and related technologies, thus driving growth.

Rating: Overweight
Target Price: Raised from USD 23 to USD 27
Date: 09/19/2024
Piper Jaffray Companies raised its target price for Robinhood from USD 23 to USD 27, maintaining an “Overweight” rating. This adjustment indicates increased confidence in Robinhood’s business model and growth prospects, particularly as it continues to expand its offerings and attract new users. The upward revision may also reflect analysts’ expectations of improved financial performance driven by increased trading activity and diversification of revenue streams, including premium services.

Rating: Outperform
Target Price: Increased from USD 22 to USD 25
Date: 09/19/2024
Mizuho Securities maintained an “Outperform” rating on Carnival Corporation, raising the target price from USD 22 to USD 25. This adjustment suggests optimism about the cruise line’s recovery from pandemic-related disruptions, with analysts likely anticipating a rebound in travel demand and bookings. As consumer confidence grows, Carnival is expected to benefit from increased occupancy rates and improved profitability in the coming quarters.

Rating: Hold
Target Price: Increased from CAD 48 to CAD 51
Date: 09/19/2024
TD Securities raised its target price for BCE Inc. from CAD 48 to CAD 51, maintaining a “Hold” rating. This indicates a cautious but slightly more optimistic view of BCE’s performance, reflecting expectations for stable cash flows and dividends amidst a competitive telecommunications landscape. Analysts may be factoring in ongoing investments in network infrastructure and services, which are essential for sustaining growth in a saturated market.