Jump to content
  • Sign Up
×
×
  • Create New...

Goldman says e-commerce stock will rally 30%, food giant gets upgraded


Recommended Posts



Goldman says e-commerce stock will rally 30%, food giant gets upgraded

This is the hidden content, please
to buy from neutral. Piper Sandler, meanwhile, raised its rating on Kraft Heinz to overweight. Check out the latest calls and chatter below. All times ET. 5:47 a.m.: Morgan Stanley downgrades Box It’s time to move to the sidelines on Box for other software names, per Morgan Stanley. Analyst Josh Baer downgraded shares to equal weight from overweight and shaved $3 off his price target to $32. Still, Baer’s target suggests shares can climb 20.3% from Tuesday’s close. Baer told clients that a dearth of catalysts “take away the urgency to own.” While “optimistic” on Box’s next chapter, Baer said there’s simply more upside potential in other stocks within the coverage area like Docebo and Smartsheet. “We step to the sidelines given lack of near-term catalysts, prolonged macro challenges impacting Box’s seat-based model, continued FX headwinds pressuring growth, and constant competitive overhang,” he wrote in a Wednesday note. This is “all making NT multiple-expansion and positive estimate revisions less likely.” While up less than 4% in 2024, Baer said the stock has outperformed software peers by about 10 percentage points. That follows a significant underperformance from the stock in 2023, however. — Alex Harring 5:41 a.m.:
This is the hidden content, please
can rebound nearly 30% after tough year-to-date, Goldman says Investors should pick up beaten-down shares of
This is the hidden content, please
, according to Goldman Sachs. Analyst Gabriela Borges upgraded the retail software stock to buy from neutral and raised her price target by $7 to $74. With that increase, Borges forecasts shares can surge 29.8% over the next year from Tuesday’s close. Borges said the stock’s “dislocation” creates an entry-point for traders to hold the “leading” software retail stock. Shares are down more than 24% year to date, which the analyst said is primary due to its investment cycle weighing on margin expansion and mixed spending data. However, she sees reasons to believe those investments can lead to growth in areas like business-to-business and international. “Over the long term,
This is the hidden content, please
continues to invest in large adjacencies that in our view have the ability to drive step-function changes in addressable market,” she said. “Given
This is the hidden content, please
’s significant technology moat in eCommerce software and share gain across eCommerce cycles, we believe these investments will drive more durable revenue growth at scale.” Shares popped more than 2% before the bell on Wednesday. — Alex Harring 5:41 a.m.: Kraft Heinz gets an upgrade from Piper Sandler The underperformance in Kraft Heinz has created a buying opportunity, according to Piper Sandler. Analyst Michael Lavery upgraded the maker of ketchup and other condiments to overweight from neutral. He also slapped a $42 price target on the stock, implying upside of nearly 17%. “We may be early to upgrade now, given current volume trends, but with visibility on drivers to accelerate momentum in foodservice, we believe valuation is attractive now,” Lavery wrote, referring to the company’s division that sells goods to restaurants and establishments. “Foodservice (a.k.a. Away From Home) is a growth pillar, and KHC has a right to win there, especially in sauces and condiments.” Shares of Kraft Heinz have lagged this year, losing nearly 3%, while the S & P 500 is up 11.5%. KHC YTD mountain — Fred Imbert





This is the hidden content, please

Investment strategy,Stock markets,Kraft Heinz Co,

This is the hidden content, please
Inc,
This is the hidden content, please
Inc,Box Inc,business news
#Goldman #ecommerce #stock #rally #food #giant #upgraded

This is the hidden content, please

Link to comment
Share on other sites


Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.

Important Information

Privacy Notice: We utilize cookies to optimize your browsing experience and analyze website traffic. By consenting, you acknowledge and agree to our Cookie Policy, ensuring your privacy preferences are respected.