Nubank Notches Third Buy Upgrade in a Week After Earnings Beat
Citi analysts made a double upgrade — to buy from sell — late Tuesday, as they see new initiatives in credit paying off. On Monday, BTG Pactual raised Nubank, as the Brazilian fintech in known, to buy for the first time since the company went public in 2021. Itau BBA analyst Pedro Leduc has also upgraded the stock's rating to outperform for the first time in nine months.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
H World Group (HTHT) Jumps on Impressive Earnings, Outlook
We recently published . H World Group Ltd. (NASDAQ:HTHT) is one of Wednesday's best performers. Shares of H World Group grew by 5.43 percent on Wednesday to close at $35.16 apiece as investors were impressed by its earnings performance and growth outlook for the current quarter. In the second quarter, attributable net income increased by 45 percent to 1.5 billion yuan from 1.067 billion yuan in the same period last year, on the back of a strong performance from Legacy-Huazhu. Total revenues grew by 4 percent to 6.4 billion yuan from 6.148 billion yuan year-on-year, near the high-end guidance of 1 to 5 percent revenue growth target. Pixabay/Public Domain As of June 30, H World Group Ltd.'s (NASDAQ:HTHT) worldwide hotel network ended at 12,137 with rooms totaling 1.18 million. Of the total, 12,016 hotels were under Legacy-Huazhu. Looking ahead, H World Group Ltd. (NASDAQ:HTHT) said it expects revenues in the third quarter of the year to grow by 2 to 6 percent. While we acknowledge the potential of HTHT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Yahoo
28 minutes ago
- Yahoo
IREN Ltd. (IREN) Jumps as Investors Optimistic Ahead of Earnings
We recently published . IREN Ltd. (NASDAQ:IREN) is one of Wednesday's best performers. IREN Ltd. grew its share prices by 5.5 percent on Wednesday to finish at $19.76 apiece as investors repositioned portfolios ahead of the release of its earnings performance for the full fiscal period of 2025. According to the company, it is scheduled to report its financial and operating highlights after market close on August 28, a Thursday, alongside an investor call to elaborate on the results. Among the highlights to be watched out for include its outlook for the next fiscal period, having achieved its operating hash rate target of 50 EH/s in June this year which was expected to help bolster revenues from Bitcoin mining moving forward. In a statement earlier, IREN Ltd. (NASDAQ:IREN) said a 50 EH/s operating hash rate could help generate some $830 million in annualized hardware profit. Last month, IREN Ltd. (NASDAQ:IREN) announced a higher Bitcoin production of 728 units that successfully raked in $83.6 million in revenues. The total figure marked a 27.6 percent increase from the $65.5 million in revenues from 620 Bitcoins mined in June. Additionally, IREN Ltd. (NASDAQ:IREN) benefitted from an 8.66-percent higher Bitcoin price last month, at t $114,891 versus the $105,730 in June. While we acknowledge the potential of IREN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Yahoo
28 minutes ago
- Yahoo
Target Announces New CEO, Why Analysts Are Bullish About The Change
Target Corp (NYSE:TGT) shares are down trading on Thursday, after the company on Tuesday reported its second-quarter results. See what is happening with TGT stock here. Here are some key analyst takeaways. DA Davidson reaffirmed a Buy rating, while reducing the price target from $125 to $115. RBC Capital Markets analyst Steven Shemesh reiterated an Outperform rating, while raising the price target from $104 to $107. JPMorgan analyst Christopher Horvers maintained a Neutral rating and price target of $117. Telsey Advisory Group analyst Joseph Feldman reiterated a Market Perform rating and price target of $110. Check out . DA Davidson: Target's results were not good; they were "less worse than expected," Baker said in a note. The pressure on the stock was triggered more by the CEO change, rather than the core business, he added. The decision could be the right one, as the new CEO Michael Fiddelke has been with Target for 22 years and was with the company during the last few difficult years, as well as during the years when the company thrived, the analyst stated. Fiddelke's focus will be on merchandising style and design, store experience and using AI to boost the pace of decision making, "make sense to us," he further wrote. RBC Capital Markets: Target's competitive positioning "has worsened in key areas" and the leadership transition spells an opportunity for the company to address these issues, Shemesh said. "We're hopeful that the Company announces a reinvestment cycle and re-bases 2026 EPS lower, which in our view would make the story attractive to investors," he wrote. There could be some resistance to this strategy, since the current CEO, Brian Cornell, will remain with Target as executive chair of the board and the incoming CEO was part of the strategic planning over the past few years, the analyst stated. He raised the adjusted earnings estimates for 2025 and 2026 from $6.85 per share to $6.92 per share and from $7.41 per share to $7.67 per share, respectively. View more earnings on TGT JPMorgan: Target's second-quarter results were broadly in line with expectations, with comps and earnings slightly better, Horvers said. Inventory was up only 2% year-on-year at the end of the second quarter, after ending the first quarter up 11%. The new CEO is scheduled to take office on Feb. 1, 2026, and is likely to focus on "better execution and higher urgency," the analyst stated. Fiddelke's strategies include "enhancing Target's reputation as an on-trend retailer, providing a more consistent customer experience, and leveraging technology to improve efficiency throughout the business," he further wrote. Telsey Advisory Group: Target's results were slightly better than the consensus but represented a year-on-year decline, Feldman said. The company's adjusted earnings declined by 20.2% year-on-year to $2.05 per share and operating margin contracted by 120 basis points to 5.2%, he added. "Target reiterated its wide 2025 adjusted EPS guidance of $7-$9," the analyst wrote. The announcement of Fiddelke as the new CEO was not surprising, since Fiddelke had held several leadership roles, such as COO, at the company, he further stated. TGT Price Action: Shares of Target had declined by 1.90% to $96.73 at the time of publication on Thursday. Read More: • Photo by bluestork via Shutterstock Latest Ratings for TGT Date Firm Action From To Mar 2022 Raymond James Maintains Strong Buy Mar 2022 JP Morgan Maintains Overweight Mar 2022 Deutsche Bank Maintains Buy View More Analyst Ratings for TGT View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? TARGET (TGT): Free Stock Analysis Report This article Target Announces New CEO, Why Analysts Are Bullish About The Change originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
