© Reuters.
By Davit Kirakosyan
Investing.com — Here is your daily Pro Recap of the biggest analyst picks you may have missed since yesterday.
Nvidia upgraded to Overweight at Morgan Stanley
Morgan Stanley upgraded NVIDIA (NASDAQ:) to Overweight from Equalweight and raised its price target to $304.00 from $255.00.
“Having been EW for a large move in the stock, we still see indications that LLM enthusiasm is turning into stronger spending both near term and long term,” said the firm, admitting they have been too data-point-oriented around a positive bigger picture, but feel the narrative is too strong to remain on sidelines.
Shares gained more than 5% yesterday.
As always, InvestingPro subscribers got this news first. Start your free 7-day trial to get on board.
Bumble started at Buy at Citi
Citi started coverage on Bumble (NASDAQ:) with a Buy rating and a $24 price target.
The firm said:
Most importantly to us is that the core Bumble app has seen continued share gain within the online dating world, and recent product launches are leading to better conversion of paid users as well (which has also seen steady gains over time). Its brand message around “women first” seems to be resonating well with younger audiences and Bumble is pushing further there with greater focus on the college audience. It is also earlier in its international runway with material room for growth.
Shares were climbing 2.7% in recent trading at $19.91.
Warner Brothers upped to buy at Wells Fargo
Wells Fargo raised Warner Brothers Discovery’s (NASDAQ:) rating to Overweight from Equal Weight, sharply raising its price target to $20 from the prior $13.
The firm said:
After a tumultuous merger period between Discovery and WarnerMedia, the new enterprise has taken shape. … Networks will be a managed decline, but the Studio remains steady and original content is among the best in the industry. We’ve stress tested the downside and expect WBD to succeed in deleveraging, and at a modest multiple that’s what should create the equity upside. DTC improvement and/or future consolidation are upside optionality.
Shares were up about 0.7% at $14.26 in recent trading.
Qualcomm upgraded to Positive
Susquehanna upgraded Qualcomm (NASDAQ:) to Positive from Neutral with a price target of $140.00, noting that Asian checks suggest Chinese handset sell-through was better for both January and February.
Although there are still some inventory issues, the firm believes that the situation will be resolved…
Click Here to Read the Full Original Article at All News…
