Pro Recap: Wall Street Analysts’ Takeaways
Here are the top takeaways from Wall Street analysts for the past week: upgrades for Futu, Apple, and IBM; downgrades for Boeing.
Boeing Downgraded
Wells Fargo downgraded Boeing Co to Equal-weight with a $225 price target. The analysts are optimistic about Boeing’s long-term prospects but warn of regulatory challenges in the near term. They note that the company’s valuation is still high and will depend on its cash flow resilience amid regulatory pressures. Boeing’s stock reacted negatively to the news, with a loss of 7.89% since Friday’s close.
Futu Holdings Upgraded
JPMorgan upgraded Futu Holdings Ltd to Overweight with a $64 price target. The analysts believe that concerns about Futu’s net interest income are overdone and that the company will benefit from overseas expansion and the potential launch of a crypto business. They see the stock as attractive in terms of valuation and expect growth in the number of paying clients. Futu’s stock reacted positively to the news, with a gain of 0.22% since Tuesday’s close.
Apple Upgraded
Bank of America upgraded Apple Inc to Buy with a $225 price target. The analysts cited multiple reasons for their positive outlook on the tech giant, including the stronger iPhone upgrade cycle and higher growth in services. They also mentioned Apple’s silicon roadmap and robust capital returns. The stock reacted positively to the news, with a gain of 3.26% since Wednesday’s close.
IBM Upgraded
Evercore upgraded International Business Machines to Outperform with a $200 price target. The analysts believe that IBM is an overlooked beneficiary of rising AI adoption and identified other growth levers for the company. They see AI generating significant revenue for IBM in the near and long term. The stock reacted positively to the news, with a gain of 2.79% since Thursday’s close.
These rating changes provide valuable insights for investors looking to make informed decisions.
Analyst comment
Positive news for Futu Holdings, Apple, and IBM as they were upgraded by Wall Street analysts. Negative news for Boeing as it was downgraded. Based on the reactions of the respective stocks, we can expect Futu Holdings, Apple, and IBM to increase in value, while Boeing’s stock may continue to decline.
