
Analysts Offer Insights on Financial Companies: Oceanfirst Financial (OCFC) and Hong Kong Exchanges & Clearing (OtherHKXCF)
Analysts have been eager to weigh in on the Financial sector with new ratings on Oceanfirst Financial (OCFC – Research Report) and Hong Kong Exchanges & Clearing (HKXCF – Research Report).
Confident Investing Starts Here:
Oceanfirst Financial (OCFC)
In a report issued on June 6, Frank Schiraldi from Piper Sandler maintained a Hold rating on Oceanfirst Financial, with a price target of $19.00. The company's shares closed last Friday at $17.29.
According to TipRanks.com, Schiraldi is a 5-star analyst with an average return of 13.6% and a 61.3% success rate. Schiraldi covers the Financial sector, focusing on stocks such as Tompkins Financial Corporation, Valley National Bancorp, and Univest Of Pennsylvania.
The word on The Street in general, suggests a Hold analyst consensus rating for Oceanfirst Financial with a $20.00 average price target.
In a report released yesterday, Richard Xu from Morgan Stanley maintained a Buy rating on Hong Kong Exchanges & Clearing, with a price target of HK$500.00. The company's shares closed last Friday at $51.88.
According to TipRanks.com, Xu is ranked #4119 out of 9627 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hong Kong Exchanges & Clearing with a $52.12 average price target, a 0.4% upside from current levels. In a report issued on June 2, Goldman Sachs also maintained a Buy rating on the stock with a HK$455.00 price target.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
HIVE's Bitcoin mining output set to double soon
HIVE's Bitcoin mining output set to double soon originally appeared on TheStreet. HIVE Digital Technologies Ltd. has announced key developments in Bitcoin mining, reporting a total peak of 10.4 exahashes per second (EH/s), achieved in May 2025. This represents a 58% increase from the peak of 6.6 EH/s in April. This month-to-month increase in HIVE's peak hashrate was driven by the activation of our new 100 MW facility powered by hydro power in Paraguay, reinforcing HIVE's incentive to invest in sustainable, high-efficiency energy mining. In May, HIVE mined 139 BTC, or approximately 4.5 BTC per day while maintaining the fleet's overall mining efficiency of roughly 20 joules/terahash (J/TH), leading Executive Chairman Frank Holmes to say they are set to reach 11.5 EH/s by the end of June, and get 25 EH/s by Q4 2025 which would result in producing over 12 BTC daily while dropping costs to under $50,000 per coin—a critical threshold given the following network difficulty increase. HIVE Executive Chairman Frank Holmes stated that the firm deploys new ASIC miners "within six hours" of their arrival, converting hardware to cash flow at "lightning speed." HIVE CEO Aydin Kilic noted that the speed at which HIVE's team deploys will put them "well ahead of schedule" for their mid-year targets. The company noted that its global operations, powered by 100% hydroelectricity and spanning nine time zones, now represent "more than 1% of the total Bitcoin network hashrate." With its dual model of Bitcoin mining and high-performance computing (HPC) through Buzz, the company is also generating record cash flow. With the BTC market strengthening, HIVE's ambitious scaling might put it in a position to remain a powerhouse in the next wave of increased dominance of Bitcoin mining. HIVE's Bitcoin mining output set to double soon first appeared on TheStreet on Jun 9, 2025 This story was originally reported by TheStreet on Jun 9, 2025, where it first appeared. 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

Miami Herald
3 hours ago
- Miami Herald
China EV company ignites surprising jobs controversy in U.S.
Jim Chapman, newly appointed township supervisor of Green Charter Township in Western Michigan, quickly realized that his responsibilities extended beyond simple governance. His town, a small rural community, had faced economic decline for decades. Many young residents left searching for better opportunities, leaving behind an aging population with limited prospects. But in the summer of 2022, Chapman learned of a potential game-changing investment - a major international electric vehicle battery manufacturer planned to build a factory in town. Don't miss the move: Subscribe to TheStreet's free daily newsletter With a price tag of $2.4 billion and the promise of more than 2,000 well-paying jobs, Chapman saw the project as the kind of economic revival the town desperately needed. Related: Shark Tank's Kevin O'Leary makes bold prediction on U.S. economy As plans advanced, Chapman discovered that the company behind the factory was Gotion, an American subsidiary of a Chinese electric vehicle battery manufacturer. The company had grown rapidly, benefiting from China's push into the EV market and strategic expansions into the U.S. By 2023, Chapman had facilitated infrastructure improvements, and Gotion secured state subsidies to make the project viable. Initially, he believed concerns about the company's origins were secondary to the economic benefits. He remained committed to bringing manufacturing back to the U.S., seeing it as aligned with broader American economic goals. Opposition emerged when residents learned of the plan through grassroots efforts. Local realtor Lori Brock received an anonymous warning, prompting her and many others to attend township meetings. Crowds packed the venue, and for four hours, townspeople vented their frustration, accusing officials of pushing the project without transparency. Environmental concerns dominated the discourse - citizens worried about water consumption and potential contamination risks. Skeptical of Gotion's assurances, the community feared the factory would permanently alter their way of life. "I listened to four hours of straight public comment ridiculing him (Chapman), just screaming at the whole board, telling them how unethical they were and horrible people and how they were a disgrace," Brock told NPR in an intriguing, lengthy Planet Money report. "I mean, four hours of it, just irate people." More on the U.S. economy: Dave Ramsey sounds alarm for Americans on Social SecurityScott Galloway warns Americans on 401(k), US economy threatShark Tank's Kevin O'Leary has message on Social Security, 401(k)s Residents also questioned whether the promised jobs would resemble the union positions that once defined Michigan's automotive industry. They doubted whether local workers would truly benefit from the factory's presence. As debates intensified, Chapman's vision of economic renewal transformed into a political battleground. What seemingly began as a hopeful opportunity to restore prosperity to Green Charter Township became an emblem of the tensions between globalization and small-town values, exposing deeper concerns about the industries communities want shaping their futures. Related: Dave Ramsey sends strong statement on Costco A major issue in the heated debate was Gotion's connection to China. Many residents saw China as a geopolitical adversary and questioned why the U.S. should subsidize a Chinese-owned company. The feared that Gotion could be a Trojan horse for the Chinese Communist Party (CCP) fueled outrage, with concerns about potential infiltration of a local cybersecurity program. Gotion's articles of incorporation in China contained standard party activity agreements, but company representatives insisted its U.S. operations were independent. Opponents, known as the No Go movement, accused Chapman and his board of corruption, NPR reported. As tensions mounted, the No Go movement coalesced around a strategy - recalling Chapman and his board members from office. By the fall of 2023, their efforts materialized into a recall election, aiming to take control of the local government and stop the factory's construction. Their campaign was highly organized, featuring door-to-door canvassing, phone banking, and even political advertisements. With support from prominent Republican politicians, No Go activists gained traction. In early 2024, Green Charter Township held its recall vote, resulting in Chapman and his entire board being ousted. The newly elected No Go politicians swiftly moved to block the factory. In response, Gotion sued the township, leaving the project in limbo. Chapman still hopes the plant will open and believes the factory would bring much-needed economic growth, according to NPR, while Brock maintains that manufacturing belongs in the U.S. - just not this factory in this town. Related: Scott Galloway sends bold statement on Social Security, US economy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

Miami Herald
3 hours ago
- Miami Herald
Veteran analyst who predicted quantum computing stocks rally unveils IonQ stock price target
One group of tech stocks has been surging significantly since the start of 2025, with several members rising more than 100% for the past six months. And no, it's not artificial intelligence (AI). Quantum computing is often overshadowed by AI, in part because its technology isn't as widely understood or followed. But some of the industry's most prominent names have demonstrated significant growth, catching the eye of Wall Street. Don't miss the move: Subscribe to TheStreet's free daily newsletter Most companies in the space produce a type of technology that leverages the principles of quantum mechanics to perform computational tasks at a much faster rate than classical machines. They do this by using quantum bits (qubits) of information to solve problems at extremely high speeds. Now, one financial expert who has followed quantum computing stocks for a long time has a new prediction for IonQ (IONQ) , one of the industry's leading names. When a stock rises from $8 per share to more than $40 over the course of a calendar year, it's hard not to notice its progress. That's exactly what happened to IonQ, a Maryland-based quantum computing company that produces both hardware and software. Related: Analyst flags new quantum computing stocks to buy IonQ is primarily known for successfully developing and commercializing trapped ion technology, a "type of quantum computing in which computations are performed by ionized atoms that can be precisely controlled, creating a more stable user experience." Most recently, IonQ made headlines after announcing that it agreed to acquire Oxford Ionics, a quantum computing startup that spun out of the UK's Oxford University in a $1.1 billion all-stock deal. IONQ surged on news of the deal; several other quantum computing stocks are in the green as well. Stephen Guilfoyle, a veteran Wall Street trader who recognized the quantum computing industry's growth potential before many other investors, sees strong potential for these stocks to continue rising as IonQ maneuvers to expand its reach. Guilfoyle follows quantum computing stocks diligently. In December 2024, he revealed positions in both Quantum Computing Inc QUBT and D-Wave Systems QBTS, both of which have performed extremely well since then. More recently, in a post for TheStreet Pro, the analyst revealed that he remains bullish on both stocks, indicating high hopes for the industry, despite a premature exit from his D-Wave position. More Quantum Computing News: Quantum computing leader has blunt, 9-word take on Nvidia stockNvidia, Dell announce major project to reshape AIQuantum computing news sends D-Wave Quantum's stock price surging Now, he sees potential for IonQ stock to make significant progress as well, adding: "As of the end of the March quarter, IonQ had a cash position of $588.3 million and current assets of $637 million. The firm had no debt on the books whatsoever. At that pace, even without revenue, which hopefully is not likely, this balance sheet is in a good place." IonQ's recent acquisition isn't the only catalyst that has pushed shares up recently. Late in May 2025, CEO Niccolo de Masi stated that he believed his company could become the "Nvidia of quantum computing," a move that sent IONQ stock surging. Related: IonQ CEO's strong 4-word message sends stock soaring Following the acquisition news, though, Guilfoyle took the opportunity to examine IONQ stock's trading habits, flagging an interesting pattern that he saw as a potentially bullish indicator. While the analyst noted that quantum computing stocks remain highly volatile overall, he added, "the door, in my opinion, opens to prices possibly as high as $59. The stock's all-time high, set back in January, is $54.74." As IonQ's current share price hovers around $40 per share, Guilfoyle's prediction represents significant upside potential. As he noted, the sector is still volatile and hard to predict, but IonQ is focused on growth and may be in a position to keep rising. Related: Billionaire fund manager, skeptical of AI, backs shocking stock The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.