Street Calls of the Week: Upgrades for Robinhood, Nike and Chipotle Mexican Grill
Piper believes that the recent pullback offers an attractive entry point into an innovative and fast-growing brokerage platform. In the near term, Piper expects net interest income headwinds from future rate cuts to be largely offset by increased trading activity and margin loan growth. Additionally, Piper anticipates that HOOD will benefit from the launch of a new web-based trading platform and the rollout of index options and futures trading later this year.
The shares trade at a premium to most food stocks but at a wider discount to their historic P/E and EV/EBITDA multiples compared to food peers. Citi analysts believe this presents an opportunity for investors, given the potential for improved earnings and favorable market conditions.What’s the full story?
Outperform at Chipotle means “Expect the total return of the stock to outperform relative to the median total return of the analyst's coverage universe over the next 6-12 months.”Deutsche Bank’s decision was driven by modestly positive earnings revisions and the recent sell-off in the stock, with HOOD shares down nearly 25% from a recent peak in July and down 18% in the third quarter to date.
The brokerage notes that Nike’s 4Q24 results and FY25 outlook, along with the perception that Nike is losing its luster, make changes necessary. The percentage of Nike shoes, especially running silhouettes, seen in high-traffic areas has declined from previous years, and core customers are less willing to buy goods at full price. Williams Trading does not believe that the Investor Day planned for November 19th, 2024, will be impacted by these changes.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Street calls of the week: Upgrades for Skechers and Lockheed MartinStreet calls of the week: Upgrades for Skechers and Lockheed Martin
Read more »
Street calls of the week: Upgrades for Apple and Shopify; downgrade for DoximityStreet calls of the week: Upgrades for Apple and Shopify; downgrade for Doximity
Read more »
Street calls of the week: Upgrade for PayPal; downgrades for Etsy, LululemonStreet calls of the week: Upgrade for PayPal; downgrades for Etsy, Lululemon
Read more »
2 NYPD officers in stable condition after being shot in Manhattan, police sayThe NYPD asked that residents avoid Canal Street between Chrystie Street and Allen Street.
Read more »
Indianapolis proposing upgrades to Georgia StreetGriffin Gonzalez joined WRTV as a reporter in January of 2024. He is thrilled to be back in Indianapolis, telling impactful stories in the communities he grew up in.
Read more »
Friday analyst calls: Media and entertainment companies take focus of upgradesThis is CNBC Pro's live coverage of Friday's analyst calls and Wall Street chatter.
Read more »