Wednesday’s stocks to buy like Nvidia

[Pelican Press 0]

Wednesday’s stocks to buy like Nvidia

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as overweight Key raised its price target on the stock to $705 per share from $580. “We are raising our price target to $705 as we continue to see signs that: 1)

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’s content quality is improving; and 2) in our view, this creates a clear catalyst path as engagement should drive a monetization ramp.” Citi upgrades Tencent Music Entertainment to buy from neutral Citi upgraded the China music company and says it sees “sustained” growth for Tencent Music. “Sustained Music Growth w/ Margin Expansion; U/G To Buy at $13.” UBS initiates ********* Airlines and Delta as buy UBS initiated several airlines and says it likes stocks that have “strong FCF generation.” “Notably, ALK, AAL, and DAL (all Buy rated) screen positive on majority of the parameters.” Telsey upgrades Best Buy to outperform from market perform Telsey upgraded the electronics retailer after a series of meetings with management. “Our meetings with Best Buy increased our confidence in the business showing signs of stabilization and improvement after nine consecutive quarters of negative comps, as the replacement cycle kicks in, especially for products purchased in 2019-2020, and innovation starts to gain traction. In select categories, such as laptops.” JPMorgan reiterates Apple as overweight JPMorgan said it’s sticking with its overweight rating on Apple. ” Apple has been perceived to be behind the other mega-cap technology companies in relation to progress on AI and the leverage of AI models as part of their product feature sets.” Needham upgrades Carmax to buy from hold Needham said the used car company is an “industry leader.” “We upgrade KMX to Buy, as we think a used-vehicle market recovery, as suggested by recent data, will benefit the industry leader.” JPMorgan upgrades Antero Resources to overweight from neutral JPMorgan upgraded the hydrocarbon exploration company and says it likes the company’s “balance sheet leverage.” “We upgrade AR to OW from N and downgrade EQT to N from OW as we see a better near-term risk-reward in AR shares given lower balance sheet leverage.” TD Cowen reiterates MicroStrategy as outperform TD lowered its price target for the crypto company to $1,450 per share from $1,560 but says its sticking with the stock. ” MicroStrategy acquired another ~9,245 bitcoins for ~$623 mil ($67,382 average price) via proceeds from its recent convertible notes offering plus excess cash.” Oppenheimer reiterates C3.ai as outperform Oppenheimer said the AI company is well positioned for growth. “The key finding from our industry report is that demand for AI infrastructure is extremely strong, largely due to the major productivity improvements and new revenues it can drive for enterprises.” Mizuho reiterates Chevron as a top pick The firm raised its price target on the stock to $200 per share from $195. “We are updating our CVX model for YE23 reserves.” Wells Fargo reiterates JPMorgan as overweight Wells Fargo raised its price target on the stock to $220 per share from $200. ” JPM’s surprise and rare off-cycle dividend increase (up 10% to $1.15) reflects to us greater confidence in the firm’s strong capital levels and its ability to grow earnings through a cycle. We increase ests and raise PT to $220.” Oppenheimer reiterates

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as outperform Oppenheimer said the tech giant is well positioned for AI. “We believe that any company with AI infrastructure capacity at that point will be well positioned, which is why

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has been spending so aggressively, as have other hyperscalers.” Bank of America reiterates Crocs as buy Bank of America raised its price target on the stock to $150 per share from $140 and said shares are “compelling” after a series of investor meetings. “Valuation ******** compelling; raise PO to $150. We hosted Anne Mehlman, CFO and Erinn Murphy, SVP of IR/Strategy for investor meetings in NY.” Deutsche Bank reiterates Chipotle as buy Deutsche raised its price target on the stock to $3,300 per share from $3,100. “We have high conviction in CMG’ s near-term & long-term growth

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and believe a premium multiple is warranted, noting there is scarcity value for a high-quality US company with a clean balance sheet, strong fundamentals and potential upside to numbers.” Bank of America reiterates Spotify as buy Bank of America raised its price target on the stock to $315 per share from $265. “We are confident that Spotify’s (SPOT) 1Q24 results will be at least in line with guidance, including revenue, premium subscribers and MAUs [monthly active users].”

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Spotify Technology SA,Chipotle ******** Grill Inc,JPMORGAN DRN,

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Corp,Chevron Corp,C3 ai Inc,Microstrategy Inc,Carmax Inc,NVIDIA Corp,

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Inc,Best Buy Co Inc,Delta Air Lines Inc,********* Airlines Group Inc,Tencent Music Entertainment Group,Riot Platforms Inc,FMC Corp,Tencent Music Entertainment Group,Broadcom Inc,International Paper Co,

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,Antero Resources Corp,Wells Fargo & Co,Investment strategy,Breaking News: Markets,Markets,Breaking News: Investing,business news
#Wednesdays #stocks #buy #Nvidia

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