Boeing stock forecast – is the stock a buy after profitable earnings?
Boeing stock (NYSE:BA) is beginning to gain some bullish traction on Wallstreet as the stock rebounds from the steep COVID-19 sell off in March last year. To add context, Boeing stock collapsed below $100 for the first time since 2013 as the market tumbled. However, the company shocked investors on Wednesday as …
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Microvast stock forecast – $6.8 Billion in revenue by 2030
Lithium battery manufacturer Microvast (NASDAQ:MVST) recently completed their highly anticipated merger with SPAC company Tuscan Holdings (NASDAQ:THCB). Microvast’s debut on Wallstreet has been turbulent, down 19.40% for the week. Nevertheless, investors are still confident the stock can bounce back as Microvast is a global leader in providing next generation battery technologies for …
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CCIV closes merger with Lucid Motors – what now?
The SPAC company Churchill Capital Corp IV (NYSE: CCIV) gained traction on Wallstreet after announcing their intentions to merge with EV company Lucid Motors. Lucid Motors has captivated investors after noting their ambitions to take on EV giant Tesla. Interestingly, Lucid Motors CEO Peter Rawlinson had spent time as an engineering executive …
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Goldman Sachs upgrades Tesla stock with $875 price target
Tesla’s (NASDAQ:TSLA) strong bull run has been subdued in recent months as the company struggles to build on its 2020 momentum. Nevertheless, the company’s Q2 earnings results flexed Tesla’s strong quarterly performance with over 200,000 deliveries. Tesla also reported $10.2 Billion in automotive revenues, far exceeding its EV competition. As a result …
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Is Lucid Motors stock a buy after completing its merger?
Lucid Motors stock (NASDAQ:LCID) rallied on its first day as a public company following the highly anticipated merger with CCIV. The stock jumped 10.64% on Monday, marking a new era for the luxury electric vehicle manufacturer. Lucid Motors has captivated the interest of investors after noting their ambitions to take on domestic …
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Oppenheimer analyst sees 81% upside in Coinbase stock
Coinbase Global (NASDAQ:COIN) stock has underwhelmed investors after its highly anticipated IPO. The stock is now trading 25% lower since its initial offering however Wallstreet continues to back the crypto exchange platform. Oppenheimer analyst Owen Lau raised the firm’s price target on Coinbase to $444 a share. The price boost suggests an …
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Ocugen stock price target raised to $15 by Noble Financial
Ocugen Inc (NASDAQ: OCGN) has been given a boost from Wallstreet this morning after Noble Financial analyst Robert LeBoyer initiated coverage with a Buy rating and a $15 price target. The price target suggests an upside of 114% from the current trading price. The analyst noted “Ocugen has in-licensed Covaxin, a whole-virion …
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Is United Airlines stock a Buy after positive earnings?
United Airlines stock (NASDAQ:UAL) beat analysts expectations in the second quarter earnings, netting revenue of $5.47 Billion. The airline reported an EPS of -$3.91 per share which also beat the consensus of -$4.01 per-share. However the stock remained stagnant after the earnings beat as investors continue to weigh-in the risk of the …
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Cardano (ADA.X) gains 649% in 2021 – Here’s the 2021 price prediction
Cardano (ADA.X) has become highly popular in the crypto-community due to its energy efficiency and sustainable platform. The cryptocurrency has provided investors with mammoth returns, gaining 649% YTD. In addition, Tesla’s decision not to adopt Bitcoin payments due to environmental concerns has sparked interest in more energy efficient, next generation cryptos. In …
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Is Amazon stock a buy before the upcoming earnings?
Ever since Jeff Bezos started Amazon (NASDAQ:AMZN) as an online book retailer in 1994, people have doubted the company’s long-term success. Today, Amazon owns the third highest market cap in the world, but few would argue that it is the most valuable brand and nobody would bat an eye if it overtook …
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PayPal stock (NASDAQ:PYPL) upgraded by Barclays with a $343 target
Paypal (NASDAQ:PYPL) stock has been upgraded by Barclays analyst Ramsey El-Assal with a $343 price target. The upgrade suggests an upside of 14.27% from the current trading price. The analyst is expecting a “modest upside” to Q2 estimates. Furthermore, the analyst noted although indicators show e-commerce growth has declined, the industry “remained …
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Analysts see upside in Cassava Sciences stock after its bullish run
Cassava Sciences Inc (NASDAQ:SAVA) stock has experienced a strong bullish run over the past month, gaining 51%. Investors are awaiting Cassava’s clinical-trial data to be presented at the Alzheimer’s Association International Conference (AAIC) on July 29. The data is from Cassava’s leading candidate Sumifilam. The drug aims to treat Alzheimer’s by reducing …
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Netflix stock: What to take away from the recent earnings?
Netflix (NASDAQ: NFLX) is one of the world’s largest entertainment and streaming companies that have driven significant growth over the past decade. This growth is reflected in the companies 209 million paid memberships worldwide. Because of Netflix, the world has witnessed massive strides towards streaming platforms, such as Amazon Prime Video, Disney+, …
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Moderna stock forecast (NASDAQ:MRNA) – analyst sets street high target
Moderna (NASDAQ:MRNA) is gaining serious momentum after the company announced it will join the S&P 500 index. This means Moderna will join many index tracking and managed funds hence increasing the demand for MRNA stock. However, this is not the only catalyst as Jeffries Financial analyst Michael Yee set the companies price …
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Is TPST stock a buy after H.C. Wainwright sets a $51 price target?
Tempest Therapeutics (NASDAQ:TPST) is gaining momentum this week after H.C Wainwright listed a $51 price target on the stock. The stock is running strong after the completion of the Millendo Therapeutics merger. TPST has gained 108% over the past week of trading, which is driving large amounts of interest in the stock. …
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SoFi stock forecast (NASDAQ:SOFI) – are investors buying now?
Finance giant SoFi (NASDAQ:SOFI) officially began trading on June 1st after the completion of their merger with Chamath Palihapitiya’s SPAC venture (NYSE:IPOE). This merger marks just one of the six SPAC ventures Billionaire owner Chamath is pursuing in 2021. The completed merger has raised $2.4 Billion in cash proceeds for SoFi to …
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Clover Health stock forecast (NASDAQ:CLOV) – is there upside potential?
Clover Health Investments Corp (NASDAQ: CLOV) has struggled over the past month, declining by 33%. Despite the recent decline, Clover is the fastest growing Medicare Advantage insurer in the United States. The company serves more than 66,300 members all in the United States. Clover Health stock initially caught the attention of investors after …
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Indie stock forecast (NASDAQ:INDI) – can the stock hit its $20 Wallstreet target?
Auto-tech solution company indie, recently finalised their reverse merger with SPAC company Thunder Bridge Acquisition II (NASDAQ:THBR). The $1.4 Billion transaction saw the combined company raise $495 Million in cash proceeds. With the combined company now trading on Wallstreet, investor interest is mounting after the stock tanked to a 52 week low …
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Is the rumoured Polestar merger the next CCIV SPAC opportunity?
Last week, rumours circulated that EV maker Polestar were in merger talks with SPAC company Gores Guggenheim Inc (NASDAQ: GGPI). According to a Bloomberg article, the combined company valuation could be upwards of $25 Billion. The rumoured talks could still fall out as no clear deal has been made between the two parties. …
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Carnival Crusie (NYSE: CCL) and Royal Caribbean (NYSE:RCL) stock forecast for 2021
Carnival Cruise (NYSE: CCL) and Royal Caribbean (NYSE:RCL) have rebounded strongly over the past 12 months, gaining 55% and 65% respectively. The lasting impact of COVID-19 on the cruise line industry has been significant with both companies halting operations in mid march last year. Since then, both companies have focused on minimal …
Tortoise Acquisition II (NYSE:SNPR) closes in on merger with Volta
In February, Volta Industries Inc. announced its intentions to merge with Tortoise Acquisition Corp. II (NYSE:SNPR). The proposed merger will see the combined company list on the New York stock Exchange under the ticker symbol VLTA. The merger has an implied equity value of over $1.4 Billion and is expected to provide …
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SPAC company KVSB targets social networking company Nextdoor
Khosla Ventures Acquisition Co. II (NASDAQ:KVSB) recently announced its intentions to merge with hyperlocal social networking service Nextdoor. The merger has a pro-forma equity value of $4.3 Billion, making it one of the larger SPAC mergers announced in 2021. The merger is expected to raise $686 million in gross proceeds which will …
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Shiba Inu Price Prediction – here’s what investors need to know
Shiba Inu (SHIB) has gained serious traction in the crytpo community over the past month. The crypto was initially launched to rival Dogecoin and has since been dubbed the “Dogecoin Killer”. The coin has gained 40% over the past two weeks, outperforming larger market cap cryptocurrencies such as Ethereum and Bitcoin. The …
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SRNG is set to merge with Ginkgo Bioworks – here’s what you need to know
Soaring Eagle Acquisition Corp. (NASDAQ:SRNG) is set to merge with bio tech company Ginkgo Bioworks in a $15 Billion deal. The mammoth deal is expected to provide the biotech company $2.5 Billion in primary cash proceeds to fund future growth within multiple industries. Ginkgo Bioworks program living cells to utilise their potential …
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