Market Insights & Analysis

Real Matters (REAL:TSX) 6 Analysts Update Coverage

November 20th, 2023

REAL Analyst Ratings Coverage Canaccord Genuity downgraded its target for Real Matters to CAD 5.25, maintaining a "Hold" rating on 11/20/2023. National Bank Financial also lowered its target to CAD 6.5, maintaining a "Sector Perform" rating on the same date. STA Research maintained its "Hold" rating with a target price of CAD 5.5. ATB...

Stock Market Roundup November 20th (Microsoft) (Tesla) (GM) (Nikola) (Merck) (Citigroup) (Adobe)

November 20th, 2023

Top Stock News: Downturn in Canada's Economy: Canada's economy is on the brink of a recession, and concerns are escalating as the period of rapid growth in the United States is anticipated to end. The potential fading of US growth has heightened speculation about the Bank of Canada resorting to interest rate cuts sooner than initially expected....

American Analyst Ratings November 20th (Autodesk) (Crowdstrike) (Dole) (Five9) (Leap) (Morgan Stanley)

November 20th, 2023

US Analyst Ratings Symbol Name Symbol Analyst Action Rating Target Price ADCT ADC Therapeutics SA ADCT H.C. Wainwright Maintains Buy 3 ADSK Autodesk Inc ADSK Rosenblatt Securities Reiterated by Buy 253 ALC Alcon AG ALC Jefferies &...

Canadian Analyst Ratings November 20th (Altius Minerals) (Cascades) (ERO Copper) (First Quantum) (George Weston)

November 20th, 2023

Analyst Ratings for TSX/Venture   Name Exchange Symbol Analyst Action Rating Closing Price Target Price Altius Minerals Corporation TSX ALS:CA Scotia Capital Target Down Sector Perform 18.93 20 Altius Minerals Corporation TSX ALS:CA STA...

Niu Reports Disappointing Q3 Results, Stock Drops Sharply

November 20th, 2023

Niu Technologies (NIU: NSD) released its financial results for the 3rd quarter of 2023. The company revealed a disappointing performance that sent shares plunging by more than 20% after hours. It reported a net loss of $28.3 million on revenue of $172.8 million, well below analyst expectations.   Key Findings from the Q3 Earnings: Here...

Nvidia Q3 Earnings Preview: Analysts Expect Stellar Growth

November 20th, 2023

It is expected that Nvidia (NVDA: NSD), one of the most prominent manufacturers of artificial intelligence chips, will release its third-quarter results on November 21st, 2023. Ahead of this release, investors are eagerly awaiting the results, as the company is expected to benefit from the continued growth of the AI market. Nvidia has been at...

Altria Group Gains Investor Confidence with New Share Purchase

March 22nd, 2023

Hedge funds and institutional investors have been increasing their stakes in Altria Group (NYE:MO), according to its most recent filing with the Securities and Exchange Commission (SEC). Hennion & Walsh Asset Management Inc. increased its position in the company by 28.5% in the fourth quarter, owning 41,116 shares worth $1,879,000 at the end...

Accurate Wealth Management LLC Acquires 1,753 Shares in The Trade Desk, Inc.

March 22nd, 2023

Accurate Wealth Management LLC has disclosed its acquisition of 1,753 shares of The Trade Desk stock (TTD:NSD) in the fourth quarter, according to its latest filing with the Securities and Exchange Commission. The stake was valued at approximately $79,000. Other institutional investors and hedge funds have also increased or decreased their...

Analysts rate The PNC Financial Services Group, Inc. as “Hold”

March 22nd, 2023

According to Stock Target Advisor Ratings, The PNC Financial Services Group, Inc. (PNC:NYE) has received a “Hold” consensus rating from the twenty analysts covering the company. Among the twenty analysts, two have recommended a “sell,” six have recommended a “hold,” and six have recommended a “buy”...

Brokerages Bullish on Nio Stock Following Promising Performance and Industry Trends

March 22nd, 2023

Nio Inc (NIO:NYE) has received an overall rating of "Moderate Buy" from 14 brokerages, according to Stock Target Advisor ratings. Among these ratings, six have assigned a buy recommendation and five suggest holding the NIO stock. The average 12-month price target for NIO stock is $18.62, according to analysts who have covered the company in the...

BlueLinx Q1 Earnings: Falling Short of Expectations

March 22nd, 2023

BlueLinx (NYE:BXC), a building products distributor, surprised investors on Monday with two announcements that impacted its stock. Firstly, CEO Dwight Gibson stepped down after less than two years in the role, with Shyam Reddy named as his replacement. Secondly, Q1 guidance was released, pointing to a lackluster result with specialty product gross...

MULN to Launch DragonFLY K50 Supercar in America with Qiantu for $6M

March 22nd, 2023

Mullen Automotive has resolved a legal dispute with Qiantu Motors and secured the rights to distribute and assemble Qiantu's DragonFLY K50 vehicle in North and South America for the next five years. Under the agreement, Mullen will purchase a certain number of vehicle kits from Qiantu annually, while Qiantu will have the option to purchase up to...

Marvell to Cut 4% of Workforce Amid Weak Chip Demand

March 22nd, 2023

Bloomberg reported on Tuesday that Marvell Technology (MRVL:NSD) will lay off 4% of its staff, or approximately 320 jobs, due to a fall in chip demand. The decision was communicated to the impacted employees. Marvell is a provider of semiconductor solutions for computing, networking, security, and storage data infrastructure. This is the first...

Tesla (TSLA:NSD) Establishes Remote Test drive Hub in Sweden

March 21st, 2023

Tesla Tests in Sweden TSLA Ratings by Stock Target Advisor Tesla (NSD: TSLA) the world-renowned electric vehicle (EV) manufacturer, has recently announced the launch of its first remote test drive hub in Europe, located in Örebro, Sweden. This marks a significant step forward for Tesla as it continues to push the...

3 Analysts Updated Coverage on Fedex Corporation (FDX:NYE)

March 21st, 2023

Latest Analyst Coverage Change FDX Ratings by Stock Target Advisor FDX Stock Forecast & Analysis FedEx Corporation, the multinational delivery services company, has recently been the subject of stock forecasts from 33 analysts. These forecasts suggest an average analyst target price of USD 216.16 over the next 12 months, with an...

Moderna Considers Setting $130 Price Tag for COVID-19 Vaccine

March 21st, 2023

Moderna (MRNA:NSD), the biotechnology company behind one of the COVID-19 vaccines, is considering a $130 price per dose in the United States, as reported by Reuters. With the transition from government to commercial market dynamics in procuring and distributing vaccines, and the pandemic emergency set to expire in May, Moderna is assessing its...