Latest news with #Citi
Business Insider
17 hours ago
- Business
- Business Insider
Citi downgrades Greek Organisation of Football Prognostics SA Opap (0FI1) to a Hold
Citi analyst downgraded Greek Organisation of Football Prognostics SA Opap (0FI1 – Research Report) to a Hold today and set a price target of €20.50. The company's shares closed yesterday at €20.44. 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 Greek Organisation of Football Prognostics SA Opap has an analyst consensus of Moderate Buy, with a price target consensus of €22.50. Based on Greek Organisation of Football Prognostics SA Opap's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €443.08 million and a net profit of €133.73 million. In comparison, last year the company earned a revenue of €314.72 million and had a net profit of €100.64 million
Business Insider
18 hours ago
- Business
- Business Insider
Munich Re price target raised to EUR 610 from EUR 600 at Citi
Citi raised the firm's price target on Munich Re (MURGY) to EUR 610 from EUR 600 and keeps a Neutral rating on the shares. 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 Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
18 hours ago
- Business
- Yahoo
Arista Networks (ANET) Eyes $750M AI Back-End Target; Citi Raises Price Target to $112
Citi recently raised the price target on Arista Networks, Inc. (NYSE:ANET) to $112 from $97 and kept a Buy rating on the shares. Arista engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments. The advisory, which expects the company to double its share in the Ethernet AI back end in FY25 and anticipates upward revisions to FY25 and FY26 estimates, believes the company is on track to achieve its $750 million AI back-end target for FY25, which would reflect nearly 20% share. The advisory's estimates are unchanged, but it raised its multiple given Arista's rising AI market share and higher market multiples. A technician in a server room managing a large-scale network of computers. During the first quarter earnings release, management provided Q2 guidance with expected revenues of approximately $2.1 billion. Gross margin is projected at 63%, incorporating tariff impacts. Operating margin is anticipated to be 46%, with an effective tax rate of 21.5%. For fiscal year 2025, the company reiterated its revenue guidance of $8.2 billion, citing ongoing momentum in AI and cloud businesses despite macroeconomic uncertainties. While we acknowledge the potential of ANET, 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 AI stock that is more promising than ANET and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None.
Yahoo
a day ago
- Business
- Yahoo
Stablecoins Boost Treasury Bill Demand, Reflect Dollar Dominance, Citi Says
Stablecoins are playing an increasingly important role in both crypto markets and traditional finance, according to a Friday report by Wall Street giant Citigroup. As stablecoin usage grows, so does their demand for short-term U.S. Treasuries, although substitution from money market funds may limit the net effect, the report said. Legislation under consideration in Congress could further entrench this trend by requiring reserves to be held in short-dated government debt, the bank noted. Citi said the U.S. dollar's dominance in stablecoin issuance reflects its status as the global reserve currency, rather than driving it. Dollar-backed stablecoins like USDT remain dominant, fueled by their central role in crypto trading and blockchain-based payments, the bank said. Meanwhile, new players like PayPal (PYPL) and Visa (V) are also experimenting with stablecoin use cases, Citi said. The potential market is significant, $1.6–$3.7 trillion by 2030, according to Citi, but regulatory constraints such as yield restrictions may cap growth. Still, stablecoin issuance trends could offer insights into the evolving global monetary order, the report in to access your portfolio
Globe and Mail
a day ago
- Business
- Globe and Mail
Citi Keeps Their Hold Rating on Salesforce (CRM)
In a report released today, Tyler Radke from Citi maintained a Hold rating on Salesforce (CRM – Research Report), with a price target of $295.00. The company's shares opened today at $263.59. 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, Radke is a 4-star analyst with an average return of 6.4% and a 52.80% success rate. Radke covers the Technology sector, focusing on stocks such as Microsoft, Adobe, and Autodesk. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Salesforce with a $352.26 average price target, which is a 33.64% upside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a $275.00 price target. The company has a one-year high of $369.00 and a one-year low of $212.00. Currently, Salesforce has an average volume of 6.76M. Based on the recent corporate insider activity of 230 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRM in relation to earlier this year. Last month, Srinivas Tallapragada, the Chief Eng of CRM sold 9,742.00 shares for a total of $2,467,648.60.
