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A Roku Bear Digs Himself Out of a Hole - Yahoo Finance

A Roku Bear Digs Himself Out of a Hole - Yahoo Finance

A Roku Bear Digs Himself Out of a Hole - Yahoo Finance
Nov 24, 2020 9 mins, 59 secs

So much so that at least one Roku bear is capitulating; Pivotal analyst Jeffrey Wlodarczak upgraded Roku from Sell to Hold, while boosting the price target from $75 to $240.

However, most analysts are still playing catch up with Roku’s share price, and the Street expects nearly 11% downside, as the $247.26 average price target indicates.

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

(NASDAQ: MRNA) reporting high efficacy for their COVID-19 vaccines but the number of new virus cases getting reported remaining high, the analysts are expecting a change in market behavior as the world moves to what they describe as a post-COVID-19 world.CNBC compiled a list of five stocks with an upside potential based on opinions from leading Wall Steet analysts.

Here's a peek into these stocks and the key factors influencing the analyst forecasts.Amazon: The pandemic might have shrunk the global economy, however, Jeff Bezos' Amazon Inc (NASDAQ: AMZN) rose to cross the $1.5 trillion market cap.

The e-commerce company's stock peaked at a 52-week high price of $3,552.25 in early September.Amazon stock grew approximately 63% on a year-to-date basis and close to 91% since March when the signs of a pandemic became evident.Last week, Needham analyst Laura Martin rated Amazon as a buy -- setting a price target of $3,700, according to TipRanks.

Amazon last quoted $3,099.40, 0.57% lower, on Friday.Bentley Systems: RBC Capital analyst Matthew Hedberg revised software company Bentley Systems Inc (NASDAQ: BSY) as a "Buy" stock last week, with a price target of $43, CNBC reports.

22, the stock has gained 41% and was last seen trading at $35.55, 1.22% higher.PDF Solutions: San Jose-based software and engineering services company PDF Solutions Inc (NASDAQ: PDFS) received a Buy rating from the Northland Capital analyst Gus Richard after the news of the $35 million Cimetrix acquisition broke out, as per the CNBC report.

Richard raised the stock's price target to $30, last seen quoting $21.28.Richard says that "PDFS/ Cimetrix together can allow equipment suppliers to collect operational data from equipment and use PDFS big data analytics platform and AI to analyze equipment operational, performance, and process control data", as reported by CNBC.Accounting for the acquisition impact in the post-pandemic economy, Richard also anticipates that CY21 earnings could gain between $0.02 and $0.04 per share.Cytokinetics: At the end of Friday's trading session, Cytokinetics, Inc.

Wainright & Co analyst Joseph Pantginis predicts that the biopharma company's stock holds a 180% upside potential, with an estimated price target of $43.The analyst's forecasts are pinned on the success of omecamtiv mecarbil, the company's treatment for heart failures."While a deeper analysis is yet to be conducted and more details are needed to clarify omecamtiv's real opportunity in HF, we believe these findings suggest a possible path forward for omecamtiv's approval based on its applicability for the treatment of a defined, significant, population," Pantginis said, as per CNBC.Yelp: Yelp Inc (NYSE: YELP), the San-Francisco headquartered online review company, has lost around 7% year-to-date.

But, since March 18, when the lockdown measures began to kick in, the stock has rallied upwards by 123%.RBC Capital analyst Shweta Khajuria's analysis of the stock's performance is based on the economic revival in the post-pandemic era.

Linking the vaccine availability and distribution with the economic revival, the RBC Capital Analyst opines that shopping centers, restaurants and bars, and other retail outlets would witness an increase in footfalls."Management expects Yelp to drive greater benefits from the improvement in its value proposition to advertisers, both perceived and actual to take a greater share of Advertiser budgets," CNBC quoted Khajuria as saying.On Friday's close, Yelp had a market cap close to $2.4 billion and was trading at $32.22, 1.19% higher.Latest Ratings for PFE DateFirmActionFromTo Nov 2020Goldman SachsReinstatesNeutral Nov 2020BernsteinInitiates Coverage OnMarket Perform Oct 2020SVB LeerinkMaintainsMarket Perform View More Analyst Ratings for PFE View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * Pfizer, Moderna COVID-19 Vaccines Could Get Limited EU Approval Before Year-End: Report * Sinovac COVID-19 Vaccine Trial Halted In Brazil Over Adverse Event(C) 2020 Benzinga.com.

The Dow Jones Industrial Average and Russell 2000 small-cap index were the big winners Monday, but technology stocks like Apple and Qualcomm lagged.

Investors are in the market to make a profit, and that means finding the stocks with proven growth potential.

Yes, it’s a cliché to remind everyone that past performance does not guarantee future results, but when a stock consistently shows strong share appreciation, over an extended period, it’s a positive sign for investors.With more than ten months behind us, the stocks that are now showing a combination of strong gains and a high near- to mid-term potential are going to attract investor interest.Bearing this in mind, we set out to find stocks flagged as exciting growth plays by Wall Street.

We believe revenue growth should remain strong given our expectations for some permanent long-term changes with an increased remote work environment driving both increasing usage from existing customers and layering in the potential for stronger new customer growth.”To this end, Walkley puts a Buy rating on BAND shares, and his $225 price target suggests room for nearly 50% upside in the next 12 months.

The shares are priced at $150.50, and the average price target of $192.20 implies a one-year upside of ~28%.

In addition to an Overweight (i.e. Buy) rating, he left a $370 price target on the stock.

W stock is selling for $251.70 and has an average price target of $312.63, making the upside potential 24% for the coming months.

(See Wayfair’s stock analysis on TipRanks)Schrodinger (SDGR)Last but not least is Schrodinger, a software company that develops applications for the life sciences and materials sciences industries.

We expect software growth to continue into 2021, as we believe the pandemic trend of remote work is sticky, with increasing platform validation from collaborations.”In line with this upbeat outlook, Kim rates SDGR shares an Outperform (i.e. Buy) along with a $94 price target.

The stock has an average price target of $83, giving it a 21% upside from the current trading price of $68.52.

(See SDGR stock analysis on TipRanks)To find good ideas for growth stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts.

13, Citron urged investors to cash out of another popular EV stock, China's Nio."After a rocky road of trading, NIO has found itself in unchartered territory that can never be justified by its current standing in the China EV market or its near-term prospects," Left said.Last Friday, Left also called Electrameccanica Vehicles Corp (NASDAQ: SOLO) "a complete joke."A Better EV Alternative: On Monday, Citron urged Blink investors to instead consider buying Switchback Energy Acquisition (NYSE: SBE), which trades at a similar valuation but has a much larger market share."For all $BLNK investors who are naive, for same mkt cap of $BLNK you can buy ChargePoint $SBE with 73% market share, considering mkt penetration $BLNK should be at $1 per share," Left said.Benzinga's Take: Stock market bubbles are defined by "irrational exuberance" that can temporarily send stock prices soaring to irrational levels.

However, shorting stocks that are caught in a bubble can be extremely dangerous given that irrational exuberance can last for years and the ultimate top is only reached once investor enthusiasm has died down.See more from Benzinga * Click here for options trades from Benzinga * Here's How Much WWE Has Changed Since The Undertaker's Debut * Josh Brown Predicts Year-End Market Melt-Up, Bets On Reopening Stocks(C) 2020 Benzinga.com.

Despite all this, Ives only rates Tesla stock "neutral." (To watch Ives' track record, click here)Overall, while Tesla is a hot-button item in the news, Wall Street doesn’t quite know how to judge its stock.

The average price target among these analysts stands at ~$390, which implies a 25% downside from current levels.

(See TSLA stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analyst.

Does buying gold stocks, or betting on the gold price, make sense, despite vaccine progress and 2020 election results.

If so, there's an entire set of stocks to watch that specifically reflects that mindset.

It doesn't matter if we're talking about penny stocks or blue-chip stocks, the ESG wave is building.

It has also pushed interest in things like penny stocks, for instance.

For instance, just this month, we saw a previous penny stock, Nio Inc.

Nio isn't the only ESG stock that has jumped and it won't be the last either.Small-Cap Stocks Surge With Growing Interest In ESG CompaniesYou can look for some of the big names when it comes to finding ESG stocks to buy right now.

But for those who've seen how quickly the latest trend in EV penny stocks has accelerated, it seems fitting to look at some small-cap stocks in this ESG niche.

In August, Gevo saw a positive reaction in the market after announcing that it has exceeded $1.5 billion in long-term contracts after signing a deal with Trafigura, one of the world's top commodity trading companies.

While shares are still down for the year, since the beginning of the third quarter, GEVO stock has nearly doubled.

(NASDAQ: FTEK) is another one of the ESG penny stocks to watch on this list.

While this is still a stock under $5, FTEK has made a significant move in the market since the start of the year.

At one point this month, the penny stock reached a high of $2.58, which is considerable seeing as it was trading below $1 in January and even as low as $0.30 in March.

Since January 2, shares of OPTT stock have climbed from around 90 cents to highs of $3.72 and currently sit around $2.

Members of this DeepStar consortium include Chevron, Equinor, ExxonMobil, Occidental, Petrobras, Shell, and TOTAL among other energy names.FuelCell EnergyFuelCell Energy (NASDAQ: FCEL) is one of the ESG stocks recently graduating from penny stock levels in November.

So, the biggest question is whether or not FCEL can actually sustain trading levels above the $5 mark or not, in the short term.VivoPower InternationalVivoPower International (NASDAQ: VVPR) is another one of the former ESG penny stocks to skyrocket this year.

Similar to many small-cap stocks, that parabolic move didn't hold and, after announcing a $28.8 million financing, VVPR shares fell hard.

It would appear that with a resurgence in EV excitement, the former penny stock is trading higher once again.For those looking at this as one of the ESG stocks to watch right now, keep in mind that Vivo has more than just the EV play.

While JKS shares saw a near 300% move since the first trading day of the year, Sunworks rallied more than 570% at one point this year.

For those looking at ESG stocks right now, solar power has become one of the top energy niches to consider.

See more from Benzinga * Click here for options trades from Benzinga * Here's What 0 Invested In 7 Electric Vehicle Penny Stocks In March Is Worth Right Now(C) 2020 Benzinga.com.

Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in November 2020.

Trading volume soared to 145.6 million shares, compared with the full-day average of about 2.6 million shares

DPW's stock has run up 189.7% over the past three months, while shares of rival EV charger company Blink Charging Co

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