In recent trading, shares of Elastic NV (Symbol: ESTC) have crossed above the average analyst 12-month target price of $133.54, changing hands for $135.00/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati
In recent trading, shares of Artisan Partners Asset Management Inc (Symbol: APAM) have crossed above the average analyst 12-month target price of $47.75, changing hands for $48.00/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to re
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
In recent trading, shares of Autohome Inc (Symbol: ATHM) have crossed above the average analyst 12-month target price of $94.37, changing hands for $95.04/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati
Over the last five trading days, performance of major bank stocks was bullish. The overall markets remained in the positive territory for most of the trading days, primarily due to favorable updates related to coronavirus vaccine and rekindled hopes for stimulus package.Yet, a no
Big Lots (BIG) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.
Investors worried about whether a looming government shutdown could slow U.S. stocks' recent surge can take comfort in history: markets have tended to shrug off shutdowns despite their potentially nasty economic impact.
The Bank of Canada will not increase its asset-purchase programme anytime soon, and the country's gross domestic product should reach pre-COVID-19 levels within two years, economists in a Reuters poll predicted.
The outlook for the Canadian dollar has improved on expectations the currency will benefit from domestic economic stimulus and the rollout of a COVID-19 vaccine, a Reuters poll showed, with the loonie already gaining in recent months.
Financial markets' euphoric reaction to the recent COVID-19 vaccine breakthroughs and U.S. election results is pushing some currencies up so fast that rumblings have begun about a potential new FX war.
Electric vehicle (EV) stocks have been on a tear this year. Tesla (NASDAQ:TSLA) stock is up over 6x year-to-date and has a market cap of over $550 billion – making Tesla more valuable than the next five car manufacturers combined, despite the fact that it sells a fraction
Novavax (NASDAQ: NVAX) stock saw some volatility after the company said that it had rescheduled its Phase-3 clinical trial in the US, indicating that it could begin in the coming weeks, instead of starting in November. This marks the second time that the company has delayed its
While Regeneron stock (NASDAQ: REGN) is up 38% since the start of the year, it has dropped around 20% from its July highs of around $660. After the recent decline, REGN stock could offer an upside in the near term, as the company’s revenues in the last three quarters have
Pfizer’s stock (NYSE: PFE) is up just 3% since the start of the year and it has gained around 45% from its March lows. Despite the recent rally, Pfizer could offer an upside in the near term, as the company’s revenues and earnings are expected to see strong gains go
After almost 3.3x rise since its March lows of 2020, at the current price of $36 per share, we believe ViacomCBS stock (NASDAQ: VIAC) is overvalued. VIAC stock has increased from $11 to $36 off its recent bottom, much more than the S&P 500 which increased about 60% from its
Despite a more than 50% rise from its low in March, at the current price of $54 per share, we believe NetApp stock (NASDAQ: NTAP) has further upside potential. NetApp stock has increased from $35 to $54 off the recent bottom, less than the S&P which increased by over 60% fr
Hess Corporation stock (NYSE: HES) has rallied by 44% this month supported by a surge in crude oil prices and hopes of an early macroeconomic rebound. Given the likelihood of an easing in OPEC+ mandated cuts later this week, Trefis believes that Hess stock remains a risky bet a