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Is Palantir Technologies Stock a Buy Now?

3 years 7 months ago
This fall, data software company Palantir Technologies (NYSE: PLTR) will approach its third anniversary since going public. The stock has disappointed investors thus far, sitting about 20% below the $10 mark that shares began trading at.
The Motley Fool

The 3 Best AI Stocks to Buy Right Now

3 years 7 months ago
We've entered the age of AI. Artificial intelligence is beginning to reshape huge swaths of the global economy, and businesses of all sizes are rushing to deploy the game-changing technology.
The Motley Fool

Best Stock to Buy: Amazon vs. Salesforce

3 years 7 months ago
Amazon (NASDAQ: AMZN) and Salesforce (NYSE: CRM) have been growing revenue robustly for nearly two decades. Surprisingly, they are experiencing a major slowdown as world economies have reopened. This video will answer which one of these growth stocks is the best one to buy now.
The Motley Fool

Amazon Stock: Further Workforce Reductions Aren’t out of the Question, Says Analyst

3 years 7 months ago
The wave of layoffs at the tech giants continues. On Monday, Amazon ( AMZN) announced another cull to the workforce, this time of around 9,000 employees – roughly 3% of the corporate headcount. The latest cuts come in the wake of a previous reduction to the workforce - January’s 18,000 job losses. Combined, it all amounts to the biggest layoff in the ecommerce giant’s history. This axing round should be completed during Q2 and will affect AWS, PXT, Advertising, and Twitch. The decision to further prune the workforce is part of Amazon’s attempt to rein in costs as it comes to terms with the new economic reality. Investors were not impressed with this latest move but it’s hardly a shocker to Baird analyst Colin Sebastian, who recently pointed out Amazon could be one of the companies where further headcount reductions were possible. The difference, though, in comparison to the previous cut is a “notable tone shift.” When, in 4Q22, the company set in motion the restructuring process, the workforce cuts mostly affected Devices & Books, PXT, and Stores, and management struck an optimistic tone regarding the prospects of AWS and Advertising. However, Sebastian notes that the latest announcement signaled a “tone shift, as reductions will now impact key growth segments, including AWS and Advertising.” The company will keep on hiring strategically, specifically in areas to which more resources are being allocated. Sebastian thinks these could include Healthcare, Kuiper, and Grocery. Nevertheless, the analyst thinks another round of layoffs is not out of the question. “Ultimately,” Sebastian summed up, “we are not surprised by management’s decision to make further reductions as the company is committed to delivering margin improvement, while still focusing on key business strengths and new areas of investment. Looking further ahead, we would not rule out further reductions as there is likely considerable efficiencies that could be unlocked across multiple business segments as AI and automation take form in the next few years.” So, what does it all mean for investors? Sebastian reiterated an Outperform (i.e., Buy) rating, backed by a $125 price target. Should the figure be met, investors will be sitting on returns of 26% a year from now. (To watch Sebastian’s track record, click here ) Amazon receives plenty of attention on Wall Street, almost all of it positive; barring one skeptic, all 37 other recent reviews say Buy, naturally making the consensus view here a Strong Buy. Going by the $136.86 average target, the shares will appreciate by 38% over the coming months. ( See Amazon stock forecast on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’   Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
TipRanks

Company News for Mar 21, 2023

3 years 7 months ago
Shares of Amazon.com, Inc. AMZN fell 1.3% after it announced that it would slash another 9000 jobs.Shares of New York Community Bancorp, Inc. NYCB skyrocketed 31.7% after it agreed to buy deposits and loans from Signature Bank.Shares of Microsoft Corporation MSFT slid 2.6
Zacks

Guru Fundamental Report for AMZN

3 years 7 months ago
Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi
Validea

3 Stocks to Buy Today, 3/21/2023, According to Top Analysts

3 years 7 months ago
Which stocks are best to buy today? According to top Wall Street analysts, the three stocks listed below are Strong Buys. Each stock received a new Buy rating recently and has a significant upside as well. To find more stocks like these, take a look at TipRanks’ Analyst Top Stocks tool. It shows you a real-time list of all stocks that have been recently rated by top-ranking analysts. Here are today’s stocks. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. Amazon ( NASDAQ:AMZN) – Amazon is a leading e-commerce player and also dominates the cloud computing market through its Amazon Web Services (AWS) division. Of the 32 top analysts covering Amazon, 31 rate it a Buy. Yesterday, Needham analyst Laura Martin reiterated a Buy rating on Amazon stock with a price target of $120. Overall, the consensus 12-month price target of top analysts suggests an upside of 41.5%. RumbleON ( NASDAQ:RMBL ) – RumbleON is a marketplace for recreational vehicles. Yesterday, Wedbush analyst Seth Basham reaffirmed a Buy rating on RumbleON stock, with a price target of $9. Overall, the consensus 12-month price target of four top analysts, all of whom have a Buy rating, implies an upside of 62.5%. Chewy ( NYSE:CHWY) – Chewy is one of the leading online retailers for pet products. Yesterday, Deutsche Bank analyst Lee Horowitz lowered the price target for Chewy stock to $41 from $51 but reiterated a Buy rating. The average price target of the four top analysts covering Chewy implies nearly 33% upside potential. Who are the Top Analysts? TipRanks ranks financial analysts according to the success rates of their ratings and the average return on each of their ratings. See real-time analyst rankings and learn more about the performance of top analysts on TipRanks’ Top Wall Street Analysts page. Disclosure
TipRanks
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