Tag: Rating

Analysts Reiterate Overweight Rating on Abbott Laboratories following European Approval of Freestyle Libre 3

By iwano@_84

On Monday, J.P. Morgan and Morgan Stanley reiterated their Overweight ratings on Abbott Laboratories (ABT). The company’s newest continuous glucose monitor (CGM), the Freestyle Libre 3, recently received a CE mark of approval. The system has shown to be a major evolutionary improvement over the current Libre 2 which leads analysts to believe that there are multiple long-term growth opportunities for Abbott.

The next-gen Libre CGM, Libre 3 will leverage Bluetooth technology to have continuous, real-time glucose readings automatically delivered to your smartphone every-minute (vs user scanning required in the past) allowing for unsurpassed 14-day accuracy and a ~70% size reduction from the Libre 1 & 2, becoming the world’s smallest and thinnest sensor.

The FreeStyle Libre 3 system was designed to fit perfectly into people’s everyday lives, allowing users to check their glucose as often as they like by just looking on their phones. This innovation allows the users

Read More

Nikola tumbles as first Wall Street ‘sell’ rating projects another 29% plunge over next 12 months

By iwano@_84



a car parked on the side of a road: Nikola Badger. Nikola


© Nikola
Nikola Badger. Nikola

  • Nikola tanked as much as 24% in Thursday trading after Wedbush analysts led by Dan Ives gave the automaker its first “sell” rating.
  • The team also lowered its price target for Nikola shares to $15 from $45, implying a 29% drop over the next 12 months from Wednesday’s close.
  • Wedbush cited founder Trevor Milton’s abrupt exit from the company on Monday and execution risks for the downgrade.
  • Nikola stock has traded with sharp volatility through September since the short-selling firm Hindenburg Research accused the company of misleading investors and lying about its vehicles’ capabilities.
  • Watch Nikola trade live here.

Nikola shares tanked as much as 24% on Thursday after Wedbush slapped the firm with its first “sell” rating and forecasted a massive drop from Wednesday’s close.

Loading...

Load Error

After a “Twilight Zone-like few weeks” for the electric-vehicle stock, Wedbush said it sees risks skewing to

Read More

Coupa Software’s Price Target Raised to $330 with Overweight Rating, $466 in Best Case: Morgan Stanley

By iwano@_84

The company forecasts total revenues between $123.0 to $124.0 million for the third quarter and between $496.5 to $498.5 million for the full-year fiscal 2021.

“Most investors clearly see the impact COVID has had on Coupa’s growth in FY21, which we think creates an opportunity to own one of the premier SaaS assets ahead of a potential growth acceleration into FY22,” Morgan Stanley’s Adam Jonas said.

“We see a fairly clear runway for Coupa getting to mid-30% revenue growth in FY22 through: 1) organic growth of 25-30%; 2) Coupa Pay starting to hit revenue more materially – we estimate ~$60M potential; 3) $20-$25 million from Bellin acquisition; 4) $10-$15 million from Yapta acquisition as corporate travel resumes. Compared to current consensus FY22 growth of ~26%, we see the potential for Coupa to deliver the beat/raise cadence moving forward and outperform Street expectations through the year.”

At the time of writing,

Read More

The Top Web Design Companies in September, According to Web Design Agency Rating Platform

By iwano@_84

Web design agency rating platform, WebDesignCompanies.com, released the global September report of the Top Web Design Companies. The list includes Red Spot Design, DDM Global and Oxygen among others.

NEW YORK, Sept. 16, 2020 /PRNewswire-PRWeb/ — Effective web design engages users, builds trust and is highly functional.

WebDesignCompanies.com, a B2B marketplace connecting brands with web design experts, determined the leading companies in web design that are experienced in creating high-performance and aesthetically pleasing websites for brands.

The best web design companies are:

1. Red Spot Design

Red Spot Design is a full-service web design company in Dallas specializing in website design, internet marketing, search engine optimization and website hosting. Their team of internet marketing experts work with established businesses and companies just starting out.

redspotdesign.com

2. DDM Global

DDM Global is a Kansas City-based company servicing small-medium size businesses and startups globally. DDM was created to help companies

Read More