BofA Securities analyst Justin Post reiterated a ‘Buy’ rating on Alphabet Inc. (GOOGL, GOOG) with a price target of $206, highlighting the company’s strong AI capabilities and growth prospects. Post believes Alphabet is well-positioned for long-term success with its leading AI technology, particularly in areas like search, YouTube, and cloud computing.
Morgan Stanley analyst Jens Spiess sees a bright future for LATAM Airlines, initiating coverage with an Overweight rating and a $40 price target. The analyst believes LATAM’s post-bankruptcy transformation, coupled with its strong profitability and exposure to under-penetrated markets, sets the stage for significant growth in the coming years.
Needham analyst Laura Martin reaffirms her Buy rating for Disney, citing strong direct-to-consumer (DTC) growth, strategic partnerships, and a robust content library. Martin expects Disney to reach DTC breakeven in 2024 and projects significant subscriber growth, driven by new deals with Charter Communications and the success of Disney+ content. She also highlights Disney’s strategic investments in areas like gaming (Epic Games) and its focus on building capacity for future growth in its parks. While revising her estimates for the fourth quarter, Martin remains bullish on Disney’s long-term prospects.
Goldman Sachs analyst Brooke Roach maintains a Buy rating on Nike, Inc. (NKE) with a price target of $105, despite concerns surrounding the brand’s growth trajectory. Roach anticipates a healthy first-quarter performance but expects a decline in revenue and earnings for the upcoming quarter and fiscal year. The analyst highlights the importance of Nike’s innovation pipeline and scaling initiatives, particularly in China, where market performance is a key focus.
Lightspeed Commerce (LSPD) is poised for strong revenue growth, driven by healthy transaction-based revenue and a reacceleration in subscription-based revenue, according to Benchmark analyst Mark Palmer. Palmer initiated coverage of Lightspeed with a Buy rating and a $20 price target, highlighting the company’s renewed focus on driving subscription-based sales and attracting high-value merchants.
BofA Securities analyst Christopher Nardone reiterated his ‘Buy’ rating for Crocs, Inc. (CROX) despite concerns about slowing growth in North America. The analyst highlights the strong performance of Crocs’ China business as a key factor in maintaining a bullish outlook. While acknowledging the slowdown in the US market, Nardone believes that Crocs can still achieve sustained double-digit growth internationally and expects a rebound in the second half of the year.
Deutsche Bank analyst Matt O-Connor revised his ratings for three major US banks: JP Morgan, Bank of America, and Wells Fargo. The analyst downgraded JP Morgan to Hold, citing a limited near-term upside despite strong recent performance. He upgraded Bank of America to Buy, seeing an attractive entry point after recent declines, and also upgraded Wells Fargo to Buy, highlighting the potential for long-term growth once regulatory restrictions are eased.
