Latest news with #BofASecurities
Yahoo
9 hours ago
- Business
- Yahoo
Interactive Brokers (IBKR) Gets 8% Upside from Higher Price Target, Impressive Earnings
We recently published . Interactive Brokers Group, Inc. (NASDAQ:IBKR) is one of this week's top performers. Interactive Brokers jumped by 7.77 percent on Friday to close at $64.05 apiece as investors took heart from two analysts' higher price target for its stock following an impressive earnings performance in the second quarter of the year. In a market note after the earnings results, BofA Securities raised Interactive Brokers Group, Inc. (NASDAQ:IBKR) to $71 from $69 previously and reaffirmed its 'buy' recommendation for its stock. The new figure represents a 10.8-percent upside from its latest closing price. For its part, Citi upgraded its stock price to $65 from $60, but maintained a 'neutral' rating. A skilled senior trader executing an order in a fast paced trading environment. The analyses followed Interactive Brokers Group, Inc.'s (NASDAQ:IBKR) strong earnings during the quarter on the back of an expansion in net interest income, with net income attributable to shareholders ending at $224 million, or 25 percent higher than the $179 million registered in the same period last year. Total revenues increased by 20 percent to $1.48 billion from $1.23 billion year-on-year. While we acknowledge the potential of IBKR 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 . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
11 hours ago
- Business
- Yahoo
Rockwell Stock Rises as Wall Street Firms Raise Price Targets
BofA Securities analyst Andrew Obin and Stephens analyst Tommy Moll both feel better about the outlook these days.
Yahoo
2 days ago
- Business
- Yahoo
Amazon's (AMZN) Prime Day Success Fuels BofA's Bullish $248 Price Target
Inc. (NASDAQ:) is one of the . On July 14, BofA Securities analyst Justin Post reiterated a Buy rating on the stock with a $248.00 price target following an analysis of Prime Day performance. The firm said it believes Amazon's Prime Day was a success. BofA estimates that Prime Day generated an estimated $21.4 billion in Gross Merchandise Value (GMV), a 60% year-over-year increase. The firm further noted that Prime Day lasted four days this year, which is double the days in 2024. This difference in days has affected yearly comparisons and led to average sales dropping by 20%, even though overall sales increased. The analysis estimates that first-party sales growth will be 55% year-over-year to $11.45 billion. Moreover, it forecast third-party sales growth of 67% year-over-year to $9.95 billion during the shopping event. christian-wiediger-rymh7EZPqRs-unsplash 'Also, we think initiatives like improved inventory placement & robotics likely drove fast shipping speeds (we received our orders in 1 to 2 days) and strong consumer satisfaction.' Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
2 days ago
- Business
- Yahoo
Zuckerberg's AI ‘Prometheus' Sparks Wall Street Optimism — Meta Target Raised to $775
Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks Gaining Attention on Wall Street. On July 15, BofA Securities analyst Justin Post raised the price target on the stock to $775.00 (from $765.00) while maintaining a 'Buy' rating. The rating adjustment follows CEO Mark Zuckerberg's announcement on Threads that Meta is constructing several massive data centers to power its artificial intelligence efforts. 'We're calling the first one Prometheus and it's coming online in '26. We're building multiple more titan clusters as well.' -Zuckerberg wrote Monday. Besides Prometheus, a larger project named Hyperion is expected to deliver 2GW of compute capacity by 2030, with plans to scale up to 5GW overtime. 'We're going to invest hundreds of billions of dollars into compute to build superintelligence. We have the capital from our business to do this.' The firm believes these comments reflect confidence in Meta's revenue trajectory and also that the level of investments highlighted reflects increased costs and spending ahead. A group of engineers in a data center, ensuring IT resiliency. Moreover, Meta's focus on AI-driven advertising is expected to boost its position in the online ad market. AI advancements such as spend automation and personalized targeting are likely to benefit Meta further, leading to increased revenue and market share. Even though regulatory pressures and higher expenses exist, the overall outlook on Meta is positive and supports a higher valuation. 'Meta is our 2025 top online ad stock as best-positioned company to benefit from AI-driven advertising share gains and upside.' While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Reuters
4 days ago
- Business
- Reuters
Canada's Aura Minerals plans to raise over $196 million in US IPO
July 15 (Reuters) - Canadian gold and copper miner Aura Minerals ( opens new tab said on Tuesday it plans to raise about $196.4 million from its U.S. initial public offering. The company had said last week that it was preparing to list its shares on the Nasdaq. It said on Tuesday that it plans to sell 8.1 million shares in the offering. Many foreign companies list in the U.S. to secure higher valuations and tap deeper capital markets. Aura said that it intends to use the proceeds from the IPO for exploration activities and to provide incremental liquidity and financial flexibility to support the execution of its current strategic growth initiatives. Founded in 1946, the gold and copper mining company is focused on project development and operations in the Americas. BofA Securities and Goldman Sachs are serving as global coordinators for the offering, while BTG Pactual and Itau BBA are acting as joint bookrunners.
