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AppLovin shares drop on Bank of America downgrade
Proactive45d agobearish
AppLovin shares drop on Bank of America downgrade

AppLovin Corp (NASDAQ:APP) shares fell 5% to $321 after Bank of America downgraded the stock to Neutral, citing greater uncertainty around the company’s ability to sustain its long-term 30% revenue growth trajectory. Bank of America said AppLovin’s second quarter results raised questions...

27-year-old chip stock sees price target slashed despite sales, profit surge
TheStreet45d agobullish
27-year-old chip stock sees price target slashed despite sales, profit surge

Onsemi has spent several years working through weakness in its core automotive and industrial markets, and its latest quarter gave Wall Street a clearer look at where the next leg of growth could come from. The chipmaker reported second-quarter results on Aug. 3 that showed improving revenue, ...

Klarna Group (KLAR) Will Provide Leasing For A New US Device Upgrade Program
Simply Wall St.45d agobullish
Klarna Group (KLAR) Will Provide Leasing For A New US Device Upgrade Program

Klarna Group (NYSE:KLAR) is providing the leasing and financing backbone for Apple's new Apple Upgrade program in the United States. The partnership integrates Klarna into one of Apple's core hardware ownership offerings, expanding Klarna's exposure to US Apple customers. The role places Klarna more directly in consumer electronics financing beyond its existing buy now, pay later services. This kind of tie up is only one way to gain exposure to stable consumer themes. It can be useful to...

Investing.com45d agobearish
Morgan Stanley cuts Global-e rating to equal-weight, raises price target to $44

Investing.com -- Morgan Stanley downgraded its view on cross-border e-commerce platform Global-e Online to Equal-weight from Overweight, saying the market now better reflects the company’s durable growth and competitive position. The bank nevertheless raised its price target to $44 from $37 as it rolled its valuation framework forward to 2028 and incorporated the impact of the Passport acquisition.

Cameco (TSX:CCO) Stock May Be 13% Overvalued Following UBS Upgrade
Simply Wall St.45d agobullish
Cameco (TSX:CCO) Stock May Be 13% Overvalued Following UBS Upgrade

Cameco stock has delivered a very large 5 year return, yet the current checks suggest investors are now paying a premium. Both the Discounted Cash Flow (DCF) intrinsic value estimate and market multiples point in the same direction, which raises questions about how much optimism is already in the price. Cameco has returned roughly 7x over the past 5 years, which puts the recent valuation signals under closer scrutiny. Recent upgrades tied to a stronger uranium demand story and the planned...

Apple (AAPL) Downgraded as Soaring Memory Costs Test iPhone Pricing Power
Insider Monkey45d agobearish
Apple (AAPL) Downgraded as Soaring Memory Costs Test iPhone Pricing Power

Tim Cook recently acknowledged that consumers should expect to pay higher prices for Apple products in the near-future as the company can no longer absorb surging costs for memory and storage components. This situation, the CEO noted, has become unsustainable even though the company is doing its best to mitigate it. This pricing pressure has […]

Apple downgraded by Jefferies on iPhone pricing concerns
Proactive46d agobearish
Apple downgraded by Jefferies on iPhone pricing concerns

Apple Inc (NASDAQ:AAPL, XETRA:APC) shares fell about 2% on Monday after Jefferies downgraded the stock to Underperform, citing challenges in Apple’s efforts to develop higher-priced iPhone models and lift average selling prices. Along with the rating downgrade, Jefferies lowered its price...