Consumer Discretionary

Bank of America : Raised Etsy (Nasdaq:ETSY) price target to $153 to maintain a neutral rating

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Bank of America Securities raised its price target on Etsy (Nasdaq:ETSY) to $153 from $145 and maintained its neutral rating on the stock after the company reported fourth-quarter earnings that topped market expectations as revenue was boosted by GMS increments and higher pickup rates driven by site-wide improvements. The analyst reiterated its neutral rating on the stock because growth is expected to be below historical levels, which he believes could limit multiple expansions. But he added that he was encouraged by the expectation that new and reactivated buyers would drive sequential growth in active customers.

Bank of America : Raised Etsy (Nasdaq:ETSY) price target to $153 to maintain a neutral rating Read Post »

Truist Securities: Raised Etsy (Nasdaq:ETSY) price target to $150 Maintain Buy rating

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Truist Securities analyst Naved Khan raised Etsy’s (Nasdaq:ETSY)  price target to $150 from $125 and maintained a buy rating on the stock. The company posted stronger-than-expected fourth-quarter results and provided a further normalized first-quarter outlook. The analyst added that Etsy’s guidance is also “more conservative” given the potential risks to consumer spending from high inflation, rising interest rates, macro weakness and currency headwinds.

Truist Securities: Raised Etsy (Nasdaq:ETSY) price target to $150 Maintain Buy rating Read Post »

Netflix (NASDAQ:NFLX) Cut Subscription Prices by Up to 50% in More Than 100 Countries

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Netflix (NASDAQ:NFLX) has cut prices for streaming services in more than 100 countries, mostly in low-income areas with relatively few subscribers. A Netflix spokesperson said: “We are always looking at ways to improve the member experience. You can confirm that we are updating subscription plan pricing in select countries. According to independent research firm Ampere Analysis, Netflix’s base subscription price cut the most, reaching nearly 50%; Price reductions for other tiers range from 17% to 25%. The agency said Netflix’s price increase affected more than 10 million subscribers.

Netflix (NASDAQ:NFLX) Cut Subscription Prices by Up to 50% in More Than 100 Countries Read Post »

Morgan Stanley: Tesla (NASDAQ:TSLA) the launch of ultra-low-priced

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Morgan Stanley analysts expect Tesla (NASDAQ:TSLA) to launch a suite of technologies at ultra-low prices at an ultra-low price at the March 1 investor day to help promote the mass adoption of electric vehicles, which will be a key to the “third chapter of Tesla’s grand plan.” It noted that this Tesla investor day is likely to influence the market’s perception (and final valuation) of other brands of electric vehicles. Morgan Stanley analysts have given Tesla stock a “buy” rating with a $220 price target.

Morgan Stanley: Tesla (NASDAQ:TSLA) the launch of ultra-low-priced Read Post »

Jefferies: Reiterate Lululemon’s (NASDAQ:LULU) underperform rating and $200 price target

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Jefferies analyst Randal Konik said the bank’s analysis of pricing data showed that Lululemon (NASDAQ:LULU) accelerated its rollout in January, while a recent visit to stores indicated an increased risk of markdowns in the outerwear category. The analyst sees increased downside risks to Lululemon’s fourth-quarter gross margin guidance, reiterating its underperform rating and $200 price target for the stock.

Jefferies: Reiterate Lululemon’s (NASDAQ:LULU) underperform rating and $200 price target Read Post »

Deutsche Bank: Raised Walmart (NYSE:WMT) price target to $169 Maintain Buy rating

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Deutsche Bank analyst Krisztina Katai raised its price target on Walmart (NYSE:WMT) to $169 from $164 and maintained a buy rating on the stock. Although the company’s initial 2023 outlook fell short of buyers’ expectations, the analyst was encouraged by the fact that its outlook left more room for upside and down.

Deutsche Bank: Raised Walmart (NYSE:WMT) price target to $169 Maintain Buy rating Read Post »

Oppenheimer: Gives Walmart (NYSE:WMT) an outperform rating with a $160 price target

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Oppenheimer analyst Rupesh Parikh said the health of Walmart’s (NYSE:WMT) business looks stronger than the company expected, with larger grocery store share growth, healthy growth in other revenue streams and tighter controls on capital spending. The analyst believes that management’s 2-2.5% sales growth guidance for Walmart in the United States is conservative given its stronger expectations for food inflation, the potential for continued share growth, and the high-single-digit sales growth momentum until 2022. With standards reset and the company’s favorable fundamental view, the bank re-added Walmart to the list of best options after multiple quarters. He has an outperform rating on the stock with a $160 price target.

Oppenheimer: Gives Walmart (NYSE:WMT) an outperform rating with a $160 price target Read Post »

Morgan Stanley: Lowered Home Depot (NYSE:HD) price target to $340 Maintain overweight rating

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Morgan Stanley analyst Simeon Gutman lowered his price target on Home Depot (NYSE:HD) to $340 from $360 and maintained his overweight rating on the stock. Based on the assumptions mentioned on the fourth-quarter call, same-store sales fell 5 percent and EBIT margin was 14 percent, which would reduce fiscal 2023 earnings per share by about 12.5 percent year-over-year to $14.6, about 13 percent below consensus expectations, the analyst said. While Home Depot’s shares were lower with the downward revision of its FY2023 EPS forecast, the analyst added that the guidance did not address the market’s biggest near-term concern, namely a slowdown in the top line for a traditionally cyclical category; So even with a lower than Wall Street consensus expectations, the stock remains at risk.

Morgan Stanley: Lowered Home Depot (NYSE:HD) price target to $340 Maintain overweight rating Read Post »

Evercore ISI: Home Depot (NYSE:HD) Outperform Rating with a $340 price target

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Evercore ISI analyst Greg Melich removed Home Depot (NYSE:HD) from the “tactical underperform” list. The analyst said the stock fell about 7% after the results, with a guidance range of $280-300, in line with the support seen when the bank launched the bullish. The analyst has an Outperform rating on Home Depot stock with a $340 price target.

Evercore ISI: Home Depot (NYSE:HD) Outperform Rating with a $340 price target Read Post »

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