BofA’s global ‘Best of Breed’ portfolio is trouncing the market

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BofA’s global ‘Best of Breed’ portfolio is trouncing the market

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to become the world’s largest company by market cap. Its market cap sits at nearly $3.16 trillion. BofA reiterated Nvidia as a buy on Tuesday, saying it was the “most-owned” semi stock among fund managers. Morgan Stanley is also bullish on the stock, citing existing demand for the company’s microarchitecture. The firm reiterated its overweight rating and raised its price target to $144 from $116 in a Monday note. This implies around 17% upside from Tuesday’s close.

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also made the cut. While shares have fallen more than 14% in 2024, they have surged more than 112% over the past two years. BofA has a neutral rating on the stock, but Citi is optimistic about its path forward, adding

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to its focus list last week. The firm sees revenue growth accelerating in the second half of this year and operating income growth inflecting in 2025. Citi also cites Target teaming up with

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to expand its third-party marketplace as a catalyst for ****** merchandise volume growth. “In the spirit of identifying good ideas for a software recovery, we are reiterating our Buy/H rating on SHOP and adding it to our U.S. Focus List,” analyst Tyler Radke said in a note. The firm upped its price target by $1 to $96, which implies 45% upside from Tuesday’s close. Others such as U.S. software company Palantir Technologies and China-based tech company NetEase also qualified for the screen. Shares of the companies are up around 50.5% and 3%, respectively, this year.

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Investment strategy,Stock markets,NVIDIA Corp,Advanced Micro Devices Inc,

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Inc,Target Corp,NetEase Inc,NetEase Inc,Palantir Technologies Inc,business news
#BofAs #global #Breed #portfolio #trouncing #market

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