Tesla Bull Case at $1,350 a Share: Wedbush
The opening of the Fremont factory and the strengthening of Model 3 demand out of China are key catalysts that can push Tesla’s stock to $1,350, according to Wedbush Securities. The firm’s analyst Dan Ives lifted his bull case scenario price target by 35%, up from $1,000. The firm raised its base case price target to $800 from $600, and maintained a NEUTRAL rating.
Hibbett Sports Upgraded by Susquehanna, PT Hiked to $25
Hibbett Sports is immune to the downfall of malls, according to Susquehanna. Analyst Sam Poser notes Hibbett Sports is largely protected from the declining health of malls, giving the retailer a distinct advantage over competitors.
Warner Music Revives IPO, Gives Alternative Way to Bet on Streaming
Warner Music Group launched its IPO of 70,000 shares today. If you want to invest in the success of superstar recording artists such as Ed Sheeran, Bruno Mars, and Cardi B, WMG is giving you the chance to do so through ownership of its stock.
Foot Locker Desperate for the Return of Malls and Basketball
Basketball is at the core of Foot Locker’s business and malls are the key to getting the latest sneakers into the hands of consumers. The pause of basketball across the country, combined with anemic foot traffic to malls, is putting massive pressure on the sports retailer’s business.
NBA2K20 Carries Take-Two Interactive to Breakout Quarter
NBA2K20 balls out with NBA sidelined: 2K20 has sold over 12 million units, a 33% increase vs. 2K19 in the same period. The company assured investors that a potentially delayed NBA season likely won't impact the success of the upcoming NBA 2K21.
How Joe Rogan Fits Into Spotify’s Plan for Podcast Supremacy
Spotify is adding another prized asset to its growing list of podcast properties with the acquisition of The Joe Rogan Experience podcast and video-cast.
What the Reopening of Gyms Means for Peloton, Planet Fitness
Gyms across the country are beginning to reopen as states start to give Americans the green light to leave their homes. One question investors are asking is whether Peloton can sustain its growth while stay-at-home orders loosen up.
Home Improvement Trends Offer Positive Sign for Lowe’s, Home Depot
Not all retailers are created equally. While companies including JCPenney, J.Crew, and Neiman Marcus have filed bankruptcy in the wake of COVID-19, Home Depot and Lowe’s have navigated the pandemic largely unscathed as homeowners take on DIY projects.
No Sports, No Problem: Investors Roll the Dice on DraftKings
DraftKings said in its earnings report it does not anticipate COVID-19 having a long-term impact on its business. The daily fantasy sports and sports betting company is leaning on new products including table tennis and fantasy Korean baseball as it waits for major sporting events to return.
Chipotle’s Path to $1,100 a Share
Chipotle’s stock has more than doubled since it hit a 52-week low of $415 a share in March, and Piper Sandler believes there is still 20% upside potential in the next year.
Is Casper a Sleeper Pick?
Wall Street hasn’t yet bought into Casper’s mission as an end-to-end sleep company, but an e-commerce-centric business model and a shifting focus towards profitability could make Casper a compelling underdog story.
Uber’s Motive Behind a GrubHub Acquisition
Uber is reportedly eyeing a deal for GrubHub, a move that would likely make Uber the King of Food Delivery.
Why Under Armour Could Drop to $4 a Share
Global store closings and weakened demand for athletic wear sparked by COVID-19 are only a fraction of Under Armour’s long list of problems. One analyst sees shares falling into penny stock territory in the next 12 months.
Hard Seltzer at the Heart of Boston Beer’s Upside
Hard seltzer is proving to be resilient against economic disruptions caused by COVID-19, and that’s good news for Boston Beer.
Zynga Joins List of Gaming Companies Benefiting from Stay-at-Home
Zynga experienced its best first quarter ever for revenue and bookings as stay-at-home orders sparked more demand for its mobile games.
Trend Watch: Sneaker Wars
The athletic apparel market is having a hard time gaining its footing in the Covid-19 economy.
Golf as a Safe Haven Investment
Callaway Golf finds itself in a unique position as sports around the world are put on hold in an effort to abide by social distancing requirements.