Goldman Sachs Sticks to Their Buy Rating for JD Sports Fashion (JD)
Goldman Sachs analyst Richard Edwards maintained a Buy rating on JD Sports Fashion (JD – Research Report) yesterday and set a price target of p150.00. The company's shares closed today at p82.58.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Edwards is an analyst with an average return of -4.8% and a 46.57% success rate.
Currently, the analyst consensus on JD Sports Fashion is a Moderate Buy with an average price target of p96.71.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
The bull case for stocks is growing among Wall Street strategists
Wall Street strategists aren't scared of a summer slowdown for stocks despite some indications of a cooling labor market and slowing economic activity. In the past month, several strategists have defended their S&P 500 year-end targets in the range of 6,300 to 6,500, noting that the most dire outcomes from tariffs may no longer be on the table. On Monday, the benchmark index was trading around 6,010, about 2% from the record closing high. In a note titled "Don't fight it," Morgan Stanley chief investment officer Mike Wilson pointed out that a "moderate slowdown in growth" was likely already priced in earlier this year when the average S&P 500 stock fell nearly 30%. "In our experience, stocks and equity market internals move well ahead of lagging economic data and earnings results," Wilson said. To be clear, there are certainly signs of softening in economic data. Last week, ADP data showed that the private sector added 37,000 jobs in May, the lowest monthly total in more than two years. Weekly filings for unemployment claims hit their highest level since October 2024. And monthly nonfarm payroll revisions revealed 95,000 fewer jobs were added in March and April than initially thought. But the slowdown in this data has been widely expected. The equity research team at Goldman Sachs analyzed prior "event driven recessions" such as the bursting of the dot-com bubble and the 1970s interest rate shock. Goldman's team, led by chief US equity strategist David Kostin, found that so-called soft economic data, which encapsulates data points like consumer surveys, usually hits its cycle bottom before hard economic data, like monthly readings on inflation or job additions, does. That's been playing out over the past month. In May, the Conference Board's future expectations index saw its largest monthly increase since May 2009. But data on Monday showed inflation expectations in the New York Federal Reserve's monthly survey moved lower in May for the first time this year, perhaps marking that the worst tariff-driven inflation fears might be behind markets too. Read more: How to protect your savings against inflation Kostin's work shows the S&P 500 typically will follow the soft data's return higher, even if hard economic data, like monthly jobs reports, continues to move lower. "S&P 500 returns are currently more correlated with soft data than hard data," wrote Kostin, who projects the S&P 500 will hit 6,500 in the next 12 months. "If the recovery in soft data is sustained, it should support equity returns even as hard data weaken." Citi equity strategist Scott Chronert boosted his S&P 500 target to 6,300 on Monday from a prior forecast of 5,800. Chronert, like other strategists, pointed out that peak tariff uncertainty has likely passed following the pause on duties between the US and China. With that headwind easing, Chronert pointed out that economic growth forecasts are no longer falling either. After tumbling to a recent bottom of 1.35% in early May, consensus is now projecting the US economy to grow at an annualized pace of 1.4% in 2025. Chronert and other strategists agree that the key risk moving forward would be that economic growth data slows more than consensus is now expecting. But barring that outcome, Chronert likes growth stocks such as Big Tech names amid a market environment that features elevated interest rates and high stock valuations. "Our growth preference continues for now as the AI theme regains momentum," Chronert wrote. Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer. Sign in to access your portfolio
Yahoo
37 minutes ago
- Yahoo
The bull case for stocks is growing as economic optimism increases
Wall Street strategists aren't scared of a summer slowdown for stocks despite some indications of a cooling labor market and slowing economic activity. In the past month, several strategists have defended their S&P 500 year-end targets in the range of 6,300 to 6,500, noting that the most dire outcomes from tariffs may no longer be on the table. On Monday, the benchmark index was trading around 6,010, about 2% from the record closing high. In a note titled "Don't fight it," Morgan Stanley chief investment officer Mike Wilson pointed out that a "moderate slowdown in growth" was likely already priced in earlier this year when the average S&P 500 stock fell nearly 30%. "In our experience, stocks and equity market internals move well ahead of lagging economic data and earnings results," Wilson said. To be clear, there are certainly signs of softening in economic data. Last week, ADP data showed that the private sector added 37,000 jobs in May, the lowest monthly total in more than two years. Weekly filings for unemployment claims hit their highest level since October 2024. And monthly nonfarm payroll revisions revealed 95,000 fewer jobs were added in March and April than initially thought. But the slowdown in this data has been widely expected. The equity research team at Goldman Sachs analyzed prior "event driven recessions" such as the bursting of the dot-com bubble and the 1970s interest rate shock. Goldman's team, led by chief US equity strategist David Kostin, found that so-called soft economic data, which encapsulates data points like consumer surveys, usually hits its cycle bottom before hard economic data, like monthly readings on inflation or job additions, does. That's been playing out over the past month. In May, the Conference Board's future expectations index saw its largest monthly increase since May 2009. But data on Monday showed inflation expectations in the New York Federal Reserve's monthly survey moved lower in May for the first time this year, perhaps marking that the worst tariff-driven inflation fears might be behind markets too. Read more: How to protect your savings against inflation Kostin's work shows the S&P 500 typically will follow the soft data's return higher, even if hard economic data, like monthly jobs reports, continues to move lower. "S&P 500 returns are currently more correlated with soft data than hard data," wrote Kostin, who projects the S&P 500 will hit 6,500 in the next 12 months. "If the recovery in soft data is sustained, it should support equity returns even as hard data weaken." Citi equity strategist Scott Chronert boosted his S&P 500 target to 6,300 on Monday from a prior forecast of 5,800. Chronert, like other strategists, pointed out that peak tariff uncertainty has likely passed following the pause on duties between the US and China. With that headwind easing, Chronert pointed out that economic growth forecasts are no longer falling either. After tumbling to a recent bottom of 1.35% in early May, consensus is now projecting the US economy to grow at an annualized pace of 1.4% in 2025. Chronert and other strategists agree that the key risk moving forward would be that economic growth data slows more than consensus is now expecting. But barring that outcome, Chronert likes growth stocks such as Big Tech names amid a market environment that features elevated interest rates and high stock valuations. "Our growth preference continues for now as the AI theme regains momentum," Chronert wrote. Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer. 登入存取你的投資組合
Yahoo
44 minutes ago
- Yahoo
Why Intel's (INTC) Comeback Might Happen Sooner Than Expected
As an investor who's watched Intel's (INTC) challenges unfold over the past few years, I'm genuinely excited about Lip-Bu Tan stepping in as CEO. Tan's approach is both bold and strategic—the exact combination Intel desperately needs. He's already making aggressive moves to restructure the company, ramp up investments in manufacturing and AI, and put the foundry business at the forefront. Despite the plethora of both internal and external turmoil, INTC stock has managed to post a flat first six months of 2025. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Tan is steering Intel not only to reclaim its former dominance but potentially to exceed it. I'm bullish on the outlook—but realistic, too—knowing it will take time for Intel to solidify its AI foothold and deliver meaningful returns in the years ahead. Since taking the helm as CEO in March 2025, Tan has wasted no time launching a significant restructuring to slash layers of middle management that have long bogged down Intel's innovation and decision-making. The plan calls for reducing the workforce by about 20%—a tough but necessary move to streamline the organization and accelerate its agility. This isn't just about trimming costs; it's about making Intel leaner and faster. The company aims to reduce operating expenses to around $17 billion by FY 2025. While layoffs are never easy, Intel has grown bloated compared to rivals and now faces an intensely competitive market where survival—and success—demand swift action. As things stand, Intel lags behind its sector peers on several key metrics. I'm confident that a leaner Intel will be sharper, faster, and better positioned to innovate boldly and prove its strength to the competition. However, Tan must handle the workforce cuts with care, focusing on retaining key talent and maintaining morale through a strong, principled leadership approach. Arguably, Tan's boldest move is his unwavering commitment to Intel's advanced manufacturing, especially the cutting-edge 18A node (1.8nm) technology. Set to power Intel's Panther Lake CPUs by late 2025, this breakthrough could dramatically boost energy efficiency and performance, potentially allowing Intel to finally compete toe-to-toe with giants like TSMC (TSM) and Samsung (SSNLF). On the foundry front, Intel Foundry Services (IFS) is gaining serious momentum. High-profile deals—most notably with Microsoft (MSFT)—to utilize Intel's 18A process could transform Intel into a fierce contender in the foundry market. Securing a few more marquee contracts from the likes of Nvidia (NVDA) or Apple (AAPL) would be a game-changer, sparking a significant surge in investor confidence and substantially lifting Intel's valuation. That said, delays in the massive Ohio manufacturing facility, now pushed back to around 2030, raise concerns about capacity constraints and potential missed opportunities if chip demand suddenly spikes. Intel's challenge going forward will be striking the right balance in capital allocation and maintaining a nimble leadership team ready to seize emerging market opportunities quickly. Looking ahead to 2028, Intel's financial health will largely depend on how well it executes its strategy. Analysts project relatively flat to slightly declining revenue in FY 2025, hovering between $50 billion and $53 billion, with a modest recovery expected afterward. Earnings per share of around $0.30 for 2025 seem reasonable, given the current margin pressures. In my base-case outlook, Intel modestly rebounds to about $60 billion in revenue by 2028, with earnings per share approaching $3.00. This scenario would support a share price rising to around $40 from today's $20—a steady but unspectacular return over three years, especially with the dividend still cut during the turnaround. However, in a bull-case scenario, if Intel secures major foundry contracts and capitalizes on strong AI-driven demand, earnings per share could reach $5.00 by 2028, pushing shares into the $70 to $90 range. Conversely, if Intel falters in execution, revenue stagnates, and growth stalls, the stock could remain stuck in the $20s with limited upside potential. Intel is facing significant challenges, and execution, especially talent retention and deployment, will be critical. Any delays or yield issues with the 18A node could undermine confidence and push foundry customers toward competitors like TSMC. Additionally, Intel faces intense competition in chip design from Nvidia (NVDA) and AMD (AMD). Still, I believe the opportunities outweigh the risks. Despite dominant rivals, Intel's valuation remains attractively low, with a price-to-sales ratio under 2, compared to TSMC's 8.5, leaving plenty of room for multiple expansion as earnings momentum improves and investor sentiment turns positive. History shows that undervalued companies staging a comeback can deliver compelling investment stories. When it comes to INTC, most of Wall Street is sitting on the fence. Intel carries a consensus Hold rating, backed by two Buys, 25 Holds, and four Sells. INTC's average stock price target is $21.29, suggesting roughly 6.5% upside over the next year. Although this suggests it may be premature to expect significant gains, investors who buy now and hold through the stagnation phase could reap rewards if sentiment improves—truly a case of being better off being early than too late. There's no guarantee Intel will pull off a complete turnaround, but the company is clearly taking bold steps to tackle years of bloat, strategic drift, and technological lag. Still, winning over a competitive market dominated by entrenched giants won't be easy—it will require grit from management, sharp strategic vision, and a bit of luck. That said, for portfolios seeking value-driven upside, a modest stake in Intel could be a worthwhile investment. I'm cautiously optimistic. Disclaimer & DisclosureReport an Issue 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
