"Our BUY thesis is underpinned by the company's asset base consisting of industry-leading 1) network, 2) technology, and 3) brand equity. Uber's multi-platform network is >3x that of next 'Gig' peer, with reach positioning the Rideshare leader for increased Autonomous Vehicle (AV) adoption,"
"We're upgrading LOGI to Buy from Neutral with a TP of $130 (ETR of ~25%),"
"Peripheral demand should benefit given positive PC data points with checks suggesting constructive Videoconferencing equipment demand amidst return to office, and strong gaming peripherals demand."
U.S. stocks pared early gains while the S&P 500 rose 0.21% to 6,658.43 and the Nasdaq climbed 0.39% to 22,608.73. Bank of America and Morgan Stanley reported robust earnings driven by trading windfalls. AI chip leaders Nvidia, Intel and AMD propelled tech strength and a $40 billion BlackRock-led buyout of a major data-center firm underscored tech momentum. Guggenheim upgraded Uber to buy with a $140 target, citing its industry-leading network, technology and brand; Uber last traded at $94.25 with resistance near $100.18. Citi upgraded Logitech to buy with a $130 target, and JPMorgan rated DoorDash outperform after the Deliveroo acquisition.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]