Starbucks’ recent quarterly report has sparked concerns among analysts, leading to a series of downgrades and price target cuts. The coffee chain’s disappointing earnings and revenue, along with a decline in same-store sales, have cast doubt on its long-term growth prospects. As a result, shares have plummeted to a 52-week low, raising questions about the company’s ability to maintain its strong position in the market.
Roku shares experienced a decline on Friday as analysts adjusted their price targets following the release of the company’s first-quarter financial results. Despite surpassing expectations for platform revenue and EBITDA, investors expressed a desire for stronger indicators, prompting analysts to lower their projections.
Barclays analyst Jiong Shao has downgraded Li Auto (LI) stock from “overweight” to “equal weight” and cut the price target from $39 to $25 per share. The downgrade stems from concerns about the ongoing challenges facing the electric vehicle (EV) company, including increased competition and declining prices. Despite the recent price drops announced by Li Auto, the stock has been trending downwards, with a 2% decline as of Thursday morning.
