Wells Fargo

Shares of Qualcomm Inc (NASDAQ: QCOM) have lost more than 36% year to date. The stock is likely to continue trading at a discount to peers, especially due to the current weakness in the smartphone market, according to Wells Fargo. The Analyst: Gary Mobley downgraded the rating for Qualcomm from...

Netflix Inc (NASDAQ: NFLX) shares jumped 5.5% on Friday after the stock landed a major Wall Street upgrade. The Analyst: Wells Fargo analyst Steven Cahall upgraded Netflix from Equal Weight to Overweight and raised his price target from $300 to $400. The Thesis: In the upgrade note, Cahall said...

Shares of Comcast Corporation (NASDAQ: CMCSA) have lost close to 30% year to date. The adverse impact on Cable seems to have played out, according to Wells Fargo. The Comcast Analyst: Steven Cahall, a "long-time bear" on CMCSA, upgraded the rating for Comcast from Underweight to...

Salesforce Inc (NYSE: CRM) recently reported its third-quarter results and that Bret Taylor will step down as co-CEO. Here's how analysts reacted. Check out other analyst stock ratings. Raymond James analyst Brian Peterson reiterated a Strong Buy rating; reduced the price target from $225 to $...

Analysts at Wells Fargo & Co (NYSE: WFC) and Morgan Stanley (NYSE: MS) each gave Activision Blizzard Inc (NASDAQ: ATVI) an updated price target of $95 per share Monday, following the news the buyout deal tendered by Microsoft Corp (NASDAQ: MSFT) may be blocked. What Happened: Microsoft is...

While Paramount Global’s (NASDAQ: PARA) stock trades at a premium multiple, the DTC (direct-to-consumer) environment remains uncertain, according to Wells Fargo. The Paramount Global Analyst: Steven Cahall downgraded the rating for Paramount Global from Equal-Weight to Underweight, while...

Big U.S. bank stocks kicked off third-quarter earnings season on Friday with a mixed bag of numbers on a difficult day for the market. Here's an overview of the highlights for JPMorgan Chase & Co (NYSE: JPM), Citigroup Inc. (NYSE: C), US Bancorp (NYSE: USB), Morgan Stanley (NYSE: MS),...

PepsiCo, Inc. (NASDAQ: PEP) reported third-quarter results Wednesday that were ahead of expectations and raised its outlook for the full year. The company’s sales grew 8.8% year-over-year to $21.97 billion, topping the consensus estimate of $20.81 billion, while core earnings grew...

Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused...

Almost every sub-sector of REITs has been hit hard in 2022 as inflation and recession worries have taken their toll on markets.  Hotel REITs have been one of the worst REIT performers during this time. Many in the group are down 40% or more and several of these hotel REITs have recently...

Shares of Coupa Software Inc (NASDAQ: COUP) spiked in Tuesday's after-hours session, after the company reported upbeat financial results and announced a $100 million buyback. Wells Fargo On Coupa Software Analyst Michael Turrin maintained an Equal-Weight rating, while reducing the price target...

The growth of Disney+ and the parks and resorts segment, as well as a new ad-supported plan, were among the topics that weighed on analysts after Walt Disney Co (NYSE: DIS) reported third-quarter financial results. Here’s what analysts were saying after the report....

Pfizer Inc. (NYSE: PFE) shares were trading lower Monday after the drugmaker announced a $5.4-billion bid to acquire blood disorder drugmaker Global Blood Therapeutics Inc (NASDAQ: GBT). Pfizer said it will pay $68.50 per share for Global Blood, roughly a 42.7% premium to the stock's closing...

Cloud based bill payment company Paymentus Holdings (NYSE: PAY) saw shares fall after reporting second-quarter financial results after the market close Wednesday.  Analysts are sizing up the company’s guidance and contract delays. The Paymentus Analysts: Goldman Sachs analyst Will Nance...

Pinterest reported second-quarter financial results after the close Monday and saw shares jump on the report and guidance that calls for mid-single digit year-over-year growth for the third quarter. Here’s what analysts had to say about earnings and new CEO Bill Ready. The Pinterest Analysts...