Analysts have hiked price targets on these 5 stocks ahead of earnings next month
Analysts have hiked price targets on these 5 stocks ahead of earnings next month A large number of Wall Street analysts have turned bullish on five stocks ahead of their quarterly earnings reports. The U.S.-listed stocks are Costco , Amazon , Robinhood , Deckers Outdoors and Synchrony Financial . CNBC Pro screened for Buy-rated stocks in the MSCI World Index that have received share price target upgrades from investment banks over the past seven days, with none lowering their expectations. These stocks are also due to report quarterly financial results over the next few weeks. Costco Since early November the retailer’s share price has risen by more than 13%, blowing past analyst price targets. Over the past seven days, 15 analysts have raised their price target further, indicating their long-term bullish view of the company. However, some have cautioned around the near-term share price performance, especially after the company’s earnings scheduled on Thursday evening. “As we look at the upcoming print, we see limited upside potential to Street figures,” said Oppenheimer’s Rupesh Parikh in a note to clients on Dec. 9. The investment bank’s price target of $1075 points to 8.2% upside over the next 12 months. “Shares have traded mixed on quarterly prints, so we would take advantage of any profit-taking should it materialize. On the catalyst front, we still see the potential for a stock split down the road.” CNBC’s Jim Cramer also said that despite the stocks rally over the past few weeks, investors should “let it ride” high. CMCSA 1Y line Amazon The Big Tech company’s share price has risen nearly 50% this year and yet analysts believe the stock is set to rise further. Analysts from 13 investment banks — some with a bullish view on the future of artificial intelligence at Amazon — raised their price targets for Amazon shares in the past week. “We are incrementally confident in Cloud demand as Gen AI capabilities graduate beyond proof-of-concept as the ROI comes into view. Also, we believe AWS is on the cusp of accelerating growth in AI Cloud driven by leadership in Internet Cloud infrastructure,” said Nicholas Jones, equity analyst at JPM, in a note to clients on Dec. 4. The company is due to report earnings at the end of January 2025. AMZN 1Y line
:max_bytes(150000):strip_icc():format(jpeg)/Ulysses-S-Grant-1940-3x2gty-56a489775f9b58b7d0d77078.jpg "<div>America's First Financial Fraudsters</div>")
:max_bytes(150000):strip_icc():format(jpeg)/CreditCheck-f83a48312b524441867453709c1d53e3-c81ebb4b6bbd46baa83b1a07aae2d293.jpeg "How to Withhold Rent Payments in Escrow")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1482290153-57d114d2a84144f2b0d715262ad161e3.jpg "4 Things You Need to Know for Traveling in Retirement")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1959852910-58d10ec785ca4806a29f3fce850cf8ba.jpg "Types of Rebalancing Strategies")
:max_bytes(150000):strip_icc():format(jpeg)/Primary-Image-barclays-bank-cd-rates-april-2023-7481049-6046b8be48cf43779c1ceadb5813139f.jpg "Barclays Bank CD Rates: January 2025")
:max_bytes(150000):strip_icc():format(jpeg)/business-team-investment-entrepreneur-trading-discussing-and-analysis-graph-stock-market-trading-stock-chart-concept-1089940388-acef8549576a4d918cb157c6c88ec8a1.jpg "How Important Is Tape Reading in Modern Markets?")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-568777727-576452d45f9b58346ae1df1e.jpg "How Is a Mutual Fund Different from a Systematic Investment Plan (SIP)?")