logo
Jefferies Sticks to Its Buy Rating for XD, Inc. (2400)

Jefferies Sticks to Its Buy Rating for XD, Inc. (2400)

Business Insider17 hours ago
In a report released today, Thomas Chong from Jefferies maintained a Buy rating on XD, Inc., with a price target of HK$67.50. The company's shares closed last Friday at HK$71.90.
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.
According to TipRanks, Chong is a 5-star analyst with an average return of 9.9% and a 54.14% success rate. Chong covers the Communication Services sector, focusing on stocks such as Tencent Music Entertainment Group, Cloud Music Inc., and XD, Inc..
In addition to Jefferies, XD, Inc. also received a Buy from CLSA's Sally Chan in a report issued on August 4. However, on August 6, Citi maintained a Hold rating on XD, Inc. (HKEX: 2400).
The company has a one-year high of HK$74.50 and a one-year low of HK$17.70. Currently, XD, Inc. has an average volume of 3.63M.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Too Many Red Flags,' Says Top Investor About Tesla Stock
‘Too Many Red Flags,' Says Top Investor About Tesla Stock

Business Insider

time39 minutes ago

  • Business Insider

‘Too Many Red Flags,' Says Top Investor About Tesla Stock

Tesla (NASDAQ:TSLA) stock has faced a rough ride in 2025, with shares sliding sharply before staging a recovery in recent months – yet still leaving investors down about 15% year-to-date. At the heart of this downturn is a slowdown in EV sales, pressured by intensifying competition – particularly from Chinese rivals – and a tarnished brand image fueled by CEO Elon Musk's constant forays into politics. 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. The sales trend has been moving in the wrong direction for some time: Q2 2025 marked the second straight year-over-year decline, and even the ever-optimistic Musk conceded that the company could be in for a 'rough' couple of quarters. While that's a sobering admission, Tesla's future isn't devoid of promise. The company is working on multiple ambitious fronts, from full self-driving technology to autonomous robots and AI initiatives. But whether Tesla is actually on the right track to capture those opportunities is a point of contention. One top investor known by the pseudonym Noah's Arc Capital Management is worried that Tesla is not positioning itself to take full advantage of these vast opportunities. 'Tesla's growth momentum has faltered, and this downturn was more than just a blip,' explains the 5-star investor, who is among the top 2% of TipRanks' stock pros. It is not just the slowing EV numbers that have Noah's Arc up in arms, but a lack of discipline that the company seems to be demonstrating. The investor is anxious to see Tesla focus more on full self-driving, believing this to be the big money maker going forward. Instead, Noah's Arc is dismayed that Musk is chasing political sideshows and marginal business ventures (such as the Tesla Diner). 'His attention is divided among so many different endeavors, and Tesla is only getting a small share of that,' adds Noah's Arc. That's never an ideal scenario, but it becomes even more damaging when the company's full self-driving ambitions remain far behind Alphabet's Waymo. And yet, even with the most recent drop in share price, Tesla continues to trade at a 'stretched' valuation, with a Forward Price-to-Earnings multiple north of 190x. This, according to Noah's Arc, leaves nary any 'margin for error.' 'I'm double-downgrading Tesla from strong buy to hold due to Musk's distractions and operational risks outweighing prior bullishness,' sums up Noah's Arc. (To watch Noah's Arc's track record, click here) That's right around where Wall Street finds itself as well. With 14 Buy, 15 Hold, and 8 Sell ratings, TSLA has a consensus Hold (i.e. Neutral) rating. Its 12-month average price target of $307.23 implies ~11% downside from current levels. (See TSLA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.

Westwater Resources Announces Second Quarter 2025 Business Update Call
Westwater Resources Announces Second Quarter 2025 Business Update Call

Business Wire

time41 minutes ago

  • Business Wire

Westwater Resources Announces Second Quarter 2025 Business Update Call

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite company ('Westwater' or the 'Company'), will host a conference call and webcast on August 14, 2025, at 11:00 AM Eastern Daylight Time to discuss its second quarter 2025 results, recent operational developments, and key strategic priorities. A replay of the webcast will be available on Westwater's website following the event. Conference Call and Webcast Details Time and Date: 11:00 AM EDT Webcast Link: Dial-Ins: Canada / USA Toll Free: 1-833-752-3988 International Dial-In: 1-647-849-3183 About Westwater Resources, Inc. Westwater Resources is an energy technology company that is focused on developing battery-grade natural graphite. Westwater Resources' primary project is the Kellyton Graphite Processing Plant that is under construction in east-central Alabama. In addition, Westwater Resources' Coosa Graphite Deposit is the largest and most advanced natural flake graphite deposit in the contiguous United States — and is located across 41,965 acres (~17,000 hectares) in Coosa County, Alabama. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words and phrases such as 'priorities,' and other similar words. Forward looking statements include, among other things, statements concerning: operational developments including the construction of the Kellyton Graphite Plant, the Coosa graphite deposit, and the costs, schedules, production and economic projections associated with both of them, and strategic priorities including progress on the syndication of the secured debt financing for the Kellyton Graphite Plant. The Company cautions that there are factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company; accordingly, there can be no assurance that such suggested results will be realized. Those uncertainties and other factors are discussed in Westwater's Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent securities filings, and they could cause actual results to differ materially from management expectations.

Venture Global, Inc. Announces Updated Timing for Release of Second Quarter 2025 Earnings
Venture Global, Inc. Announces Updated Timing for Release of Second Quarter 2025 Earnings

Business Wire

time41 minutes ago

  • Business Wire

Venture Global, Inc. Announces Updated Timing for Release of Second Quarter 2025 Earnings

ARLINGTON, Va.--(BUSINESS WIRE)--Venture Global, Inc. ('Venture Global') (NYSE: VG) announced that it plans to release its second quarter 2025 financial results before market open on Tuesday, August 12, 2025. As previously announced, Venture Global will host a conference call for investors and analysts beginning at 9:00 am Eastern Time (ET) on Wednesday, August 13, 2025, to discuss second quarter results. A listen-only webcast of the conference call and accompanying slide presentation will be available at Venture Global's Investor Relations website HERE. After the conclusion of the conference call, a replay will be made available on the Venture Global website. About Venture Global Venture Global is an American producer and exporter of low-cost U.S. liquefied natural gas (LNG) with over 100 MTPA of capacity in production, construction, or development. Venture Global began producing LNG from its first facility in 2022 and is now one of the largest LNG exporters in the United States. The company's vertically integrated business includes assets across the LNG supply chain including LNG production, natural gas transport, shipping and regasification. The company's first three projects, Calcasieu Pass, Plaquemines LNG, and CP2 LNG, are located in Louisiana along the Gulf of America. Venture Global is developing Carbon Capture and Sequestration projects at each of its LNG facilities.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store