Consumer Discretionary

Cowen Adjusts Price Target on Starbucks(NASDAQ:SBUX) to $112 From $104

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Cowen Adjusts Price Target on Starbucks (NASDAQ:SBUX) to $112 From $104, Maintains Outperform Rating. Analyst Andrew Charles expects the news that 100% of the company-owned business restarts operations in China will have a greater impact on the P/E ratio, even if the progress is non-linear. At the same time, Starbucks has many positives for the year ahead. “We believe Starbucks is pursuing the right structural drivers, including popular iced and plant-based beverages, offering customers payment options other than Starbucks gift cards, allowing them to join my Starbucks Rewards loyalty program, and making digital ordering smoother.” Charles predicts that Starbucks’ earnings per share will grow 20 percent between 2023 and 2025 with the help of China’s economic recovery, which is the upper end of the guidance range Starbucks shared at the 2022 investor day.

Cowen Adjusts Price Target on Starbucks(NASDAQ:SBUX) to $112 From $104 Read Post »

Estée Lauder (NYSE:EL)Stock price trend forecast and trading range -2023.1.6

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Estée Lauder (NYSE:EL) Stock price trend forecast and trading range: Updated to: 2023.1.6 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: up Sell high and buy low of range : $250 – $280 Support: 20-day moving average price  resistance: $280 Stop Loss Price: 20-day moving average price price target: $280 Buy the position again: stop fall and rise to 20-day moving average price Medium-term trend: up High sell low buy range: $250 – $280 Support: 20-day moving average price resistance: $280 Stop Loss price: 20-day moving average price price target: $280 Buy the position again: stop fall and rise to 20-day moving average price Long-term trend: stop falling and rebound High sell low buy of range: $240 – $280 Support : 30-day moving average price resistance: $280 Stop Loss price: 30-day moving

Estée Lauder (NYSE:EL)Stock price trend forecast and trading range -2023.1.6 Read Post »

Amazon’s CEO sent a letter to all employees: it is proposed to lay off more than 18,000 employees

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According to Amazon’s official website, Amazon (NASDAQ:AMZN) CEO Andy Jassy released an all-staff letter today, saying that the company plans to cut more than 18,000 employees, more than the 17,000 reported by the media earlier. Jassy said the company intends to begin communicating with affected employees Jan. 18. Several teams were affected, he said, however, most of the positions that were cut were in our Amazon store and PXT (People Experience and Technology Solutions) organizations. That would be the largest layoff for U.S. tech companies during the current economic slowdown, but Amazon also has far more employees than its Silicon Valley counterparts. As of the end of last September, the company had more than 1.5 million employees, meaning the latest layoffs would account for just over 1% of its total workforce.

Amazon’s CEO sent a letter to all employees: it is proposed to lay off more than 18,000 employees Read Post »

Amazon (NASDAQ: AMZN)Stock price trend forecast and trading range -2023.1.6

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Amazon.com, Inc. (NASDAQ: AMZN) Stock price trend forecast and trading range: Updated to: 2023.1.6 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: stop falling and rebound Sell high and buy low of range : $82 – $89 Support: $81 resistance: $90 Stop Loss Price: $81 price target: 89$ Buy the position again: stop fall and rise to $82 Mid-line trend: Short-term stop falling High sell low buy range: $83 – $95 Support: $81 resistance: $95 Stop Loss price: $81 price target: $95 Buy the position again: stop fall and rise to $83 Long-term trend: Short-term stop falling High sell low buy of range: $83 – $105 Support : $81 resistance: $105 Stop Loss price: $81 price target : $105 Buy the position again: stop fall and rise to $85 From Analysis from

Amazon (NASDAQ: AMZN)Stock price trend forecast and trading range -2023.1.6 Read Post »

Tesla price target lowered to $122 from $205 at Cowen

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Cowen analyst Jeffrey Osborne lowered the firm’s price target on Tesla to $122 from $205 and keeps a Market Perform rating on the shares. The analyst noted they missed the Q4 deliveries estimate and said production was in-line with consensus and 8.5% above deliveries which the company attributed to increased cars in transit as the company shifts to a more balanced regional mix of vehicle builds.

Tesla price target lowered to $122 from $205 at Cowen Read Post »

Wedbush maintained Tesla’s outperform rating and $175 price target

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Tesla (TSLA) missing its delivery growth target for full-year 2022 remains a concern heading into a “very cloudy” 2023, Wedbush said in a note to clients Tuesday. Analysts are now expecting delivery growth of 35% to 40% in 2023 as overall demand starts to dwindle for Tesla, according to the investment firm. Tesla needs to cut prices more especially in China and Chief Executive Elon Musk should now focus on the automaker instead of Twitter, which “remains a distraction and overhang” for Tesla, said Wedbush analysts.

Wedbush maintained Tesla’s outperform rating and $175 price target Read Post »

Bernstein: Maintain Tesla’s underperforming rating Demand challenges will continue in 2023

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Bernstein analyst Toni Sacconaghi noted that despite positive price discounts, Tesla Q4 deliveries were 405,000 units, below consensus expectations of 418,000 units. Tesla is facing “significant demand issues,” with Q4 book value likely to be less than 0.65 times despite the significant price cuts. Analysts expect demand challenges to persist in 2023, especially with the exception of the 7-seater Model Y, which currently appears to have “no Tesla model” eligible for any Inflation Reduction Act (IRA) tax refund. Analysts said they were “more entangled” with Tesla stock. He believes that many investors are underestimating the scale of the demand challenge facing Tesla and that the 2023/2024 numbers could reset significantly. Sacconaghi is also concerned that the market could come under broader pressure amid rising interest rates/slowing consumer spending, continuing to disproportionately impact highly valued stocks such as Tesla. He maintained the stock’s underperform rating with a $150 price target.

Bernstein: Maintain Tesla’s underperforming rating Demand challenges will continue in 2023 Read Post »

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