Latest news with #MikeHickey
Yahoo
19-07-2025
- Business
- Yahoo
Why AMC Entertainment (AMC) Stock Is Trading Up Today
What Happened? Shares of theater company AMC Entertainment (NYSE:AMC) jumped 3.2% in the morning session after analyst upgrades and a strong summer box office performance fueled investor optimism. The positive sentiment was driven by multiple Wall Street analysts upgrading the stock. Wedbush analyst Michael Pachter upgraded AMC from neutral to outperform and raised his price target, citing a more consistent upcoming film release schedule. Benchmark analyst Mike Hickey also increased his earnings forecast for the theater chain, noting the potential for "outsized potential upside." This optimism was supported by a recovering box office, with total domestic revenue up 15% year-over-year. Analysts now projected AMC's domestic ticket sales to jump significantly in the second quarter. After the initial pop the shares cooled down to $3.53, up 1.2% from previous close. Is now the time to buy AMC Entertainment? Access our full analysis report here, it's free. What Is The Market Telling Us AMC Entertainment's shares are very volatile and have had 27 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock gained 8.1% on the news that the company received a bullish upgrade from analysts at Wedbush. Analyst Alicia Reese of Wedbush upgraded AMC's stock to "outperform" from "neutral," citing a more consistent movie release schedule expected over the next several quarters. The firm also raised its price target on the stock to $4.00 from $3.00. Wedbush noted that AMC is well-positioned to gain market share in 2025 and 2026. AMC Entertainment is down 12.2% since the beginning of the year, and at $3.53 per share, it is trading 33.5% below its 52-week high of $5.31 from July 2024. Investors who bought $1,000 worth of AMC Entertainment's shares 5 years ago would now be looking at an investment worth $96.41. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
27-05-2025
- Business
- Business Insider
When Is the Next Nintendo Direct?
It's been a little over a month since the last Nintendo (NTDOF) Direct, and gamers are starting to wonder when the next Direct will be. New rumors claim that Nintendo plans to release its next Direct around the same time as the Switch 2's launch, which is scheduled for June 5, 2025. Confident Investing Starts Here: According to these rumors, Nintendo plans to release the Direct the same week as the Switch 2's launch, or during the following week. If true, this would likely provide gamers and investors with more details about the company's upcoming games. While Nintendo revealed many details about Switch 2 games, such as the release dates for Mario Kart World Tour and Donkey Kong Bananza, others, like Metroid Prime 4, still don't have launch dates. A new direct could include this information while also showing new gameplay footage to build excitement for upcoming games during the Switch 2's release. Analysts Remain Bullish Ahead of the Switch 2's Release Three analysts updated their coverage of Nintendo stock last week as the company's new console launch is just around the corner. Four-star Benchmark Co. analyst Mike Hickey reiterated a Buy rating and increased his price target to $91.18 from $82.77, representing a potential 10.86% upside. Citi analysts Tokiya Baba maintained a Buy rating, but cut their NTDOF price target to $92.58 from $98.20, suggesting a 12.57% upside. J.P. Morgan analyst Junko Yamamura kept a Buy rating and raised her price target to $107.31 from $93.99, implying a 30.47% upside. Is NTDOF Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Nintendo is Moderate Buy, based on seven Buy, one Hold, and one Sell rating over the last three months. With that comes an average NTDOF stock price target of $89.45, representing a potential 8.75% upside for the shares.
