Latest news with #AnalystForecastsPage
Business Insider
6 days ago
- Business
- Business Insider
JPMorgan Sees 24% Upside as Block Stock (XYZ) Joins the SPX Index
Fintech company Block (XYZ) is trading higher today in the pre-market session following the news of its upcoming addition to the S&P 500 Index (SPX). JPMorgan analyst Tien-tsin Huang reacted to the news by raising his price target on the stock from $60 to $90 and reaffirming an Overweight rating. The new price target indicates a 24% upside from current levels. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. S&P 500 Inclusion Supports Bullish Outlook Huang, a 4.5-rated analyst, believes Block's inclusion in the index is a clear positive for the stock. Now that Block will join the index on July 23, he expects index funds to buy over 54 million shares, which is more than seven times the stock's usual daily volume. This move should boost liquidity and lift the share price, he said. The analyst also sees growing momentum in Block's business, helped by faster product rollouts and better marketing efforts. In his view, the company deserves a higher valuation multiple. His $90 price target is based on a 5x multiple of Block's forward gross profit, which is still below the 7–9x range that many fintech peers trade at. What's Next for Block Stock? The company is expected to release its second-quarter results on August 7. Wall Street expects Block to report earnings per share (EPS) of $0.67, indicating a year-over-year decline of about 28%. Meanwhile, analysts project Q2 revenues at $6.27 billion, according to the TipRanks Analyst Forecasts Page. The figure marks a year-over-year increase of about 1.8%. Is Block Stock a Good Investment? On TipRanks, XYZ stock has a Moderate Buy consensus rating based on 28 Buys, six Holds, and two Sells assigned in the last three months. The average XYZ stock price target of $71.29 indicates a 2.1% downside risk.
Business Insider
20-07-2025
- Business
- Business Insider
AMD Stock Gets a Price Target Boost from Citi's Top Analyst Ahead of Q2 Earnings
Advanced Micro Devices (AMD) will report its Q2 2025 earnings results on August 5. Ahead of the report, AMD stock got a bullish upgrade from Citi's Top analyst Christopher Danely, who raised his price target to $165 from $145. The new price target indicates a 5% upside from current levels. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. However, he maintained a Hold rating on the stock, warning that the China-related gains from the sale of MI308 chips may be short-lived. Danely ranks #644 out of 9,889 analysts tracked on TipRanks. He boasts a 66% success rate and an average return per rating of 11.00%. Analyst Sees Short-Term Upside, But Stays Cautious The five-star analyst believes AMD stock could continue to move higher in the near term, as excitement around AI remains strong. Danely pointed out that investors are growing more optimistic ahead of AMD's earnings, and the broader market continues to favor chip stocks tied to AI. As a result, Danely raised his price target to $165, based on 44x expected 2026 earnings. The new price target reflects growing optimism that rising demand for AI chips could lift AMD stock in the near term. Despite the price target bump, the analyst prefers to remain on the sidelines for now, noting that much of the AI-driven optimism may already be reflected in AMD's share price. Danely cautioned that investor expectations might be too high going into earnings, and a clearer view of the company's outlook will only emerge once results are out in August. What to Expect from AMD's Q2 Earnings Wall Street analysts expect AMD to report earnings of $0.48 per share for Q2, down 30% from the year-ago quarter. Meanwhile, analysts project Q2 revenues at $7.41 billion, according to the TipRanks Analyst Forecasts Page. The figure marks a year-over-year increase of about 27%. Is AMD a Good Stock to Buy? On TipRanks, AMD stock has a Moderate Buy consensus rating based on 25 Buys and 10 Holds assigned in the last three months. The average AMD price target of $144.45 suggests a downside potential of 7.99% from its current price. Year-to-date, shares of the company have gained about 30%.
