Latest news with #EdisonLee
Business Insider
3 days ago
- Business
- Business Insider
Jefferies Reaffirms Their Buy Rating on VNET Group, Inc. Sponsored ADR (VNET)
Jefferies analyst Edison Lee maintained a Buy rating on VNET Group, Inc. Sponsored ADR (VNET – Research Report) today and set a price target of $15.81. The company's shares closed today at $5.39. Confident Investing Starts Here: According to TipRanks, Lee is a 5-star analyst with an average return of 29.8% and a 61.04% success rate. Lee covers the Technology sector, focusing on stocks such as Apple, Xiaomi, and VNET Group, Inc. Sponsored ADR. VNET Group, Inc. Sponsored ADR has an analyst consensus of Strong Buy, with a price target consensus of $16.23, representing a 201.11% upside. In a report released on May 22, Bank of America Securities also reiterated a Buy rating on the stock with a $13.80 price target. Based on VNET Group, Inc. Sponsored ADR's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.25 billion and a GAAP net loss of $11.1 million. In comparison, last year the company earned a revenue of $1.9 billion and had a GAAP net loss of $2.44 billion
Business Insider
04-05-2025
- Business
- Business Insider
Chanjet Information Technology Co., Ltd. Class H (1588) Gets a Buy from Jefferies
Jefferies analyst Edison Lee maintained a Buy rating on Chanjet Information Technology Co., Ltd. Class H (1588 – Research Report) on May 2 and set a price target of HK$11.88. The company's shares closed last Friday at HK$6.60. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Lee covers the Technology sector, focusing on stocks such as Apple, GDS Holdings, and Kingdee International Software Group Co. According to TipRanks, Lee has an average return of 28.9% and a 58.90% success rate on recommended stocks. Chanjet Information Technology Co., Ltd. Class H has an analyst consensus of Hold. 1588 market cap is currently HK$2.15B and has a P/E ratio of 58.25.
Business Insider
04-05-2025
- Business
- Business Insider
Positive Report for Kingdee International Software Group Co (KGDEF) from Jefferies
Kingdee International Software Group Co (KGDEF – Research Report) received a Buy rating and a HK$16.04 price target from Jefferies analyst Edison Lee on May 2. The company's shares closed last Friday at $1.61. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Lee is a 5-star analyst with an average return of 28.9% and a 58.90% success rate. Lee covers the Technology sector, focusing on stocks such as Apple, GDS Holdings, and Kingdee International Software Group Co. Currently, the analyst consensus on Kingdee International Software Group Co is a Strong Buy with an average price target of $2.18, representing a 35.40% upside. In a report released on April 22, Bernstein also maintained a Buy rating on the stock with a HK$18.00 price target. The company has a one-year high of $2.14 and a one-year low of $0.65. Currently, Kingdee International Software Group Co has an average volume of 671.
Globe and Mail
02-05-2025
- Business
- Globe and Mail
Jefferies Warns of ‘More Earnings Downside' for Apple. How Should You Play AAPL Stock Here?
Apple (AAP) shares are down nearly 4% on Friday after the iPhone maker reported better-than-expected earnings for its fiscal Q2 but warned of a significant hit from tariffs moving forward. The company's earnings release indicated the escalating U.S.-China trade tensions have already started hurting its business in China. Investors are cautious on AAPL shares this morning also because the company's management said the new tariff environment could add as much as $900 million to its costs in the current quarter. Including today's decline, Apple stock is down about 18% versus the start of 2025. Apple Stock Could Sink Further to $170 The iPhone maker guided for 'low- to mid-single digit' percentage growth in revenue for its fiscal Q3. But analysts at Jefferies are not convinced that Apple will succeed in delivering on that. That's because the giant's outlook assumes no tariffs on India and Vietnam and only 20% duties on Chinese imports. However, 'these assumptions are unlikely to hold longer term, especially if there will be sectorial tariff that is non-negotiable,' they told clients in a research note today. Jefferies downgraded AAPL shares this morning to 'Underperform' and trimmed its price target to about $170 that translates to another 12% downside from current levels. AAPL Shares Dubbed Uncertain for the Back Half of 2025 Jefferies analysts led by Edison Lee expect tariff impact 'will expand over time to create more earnings downside' for Apple in 2025. Note that AAPL's services business, which has become a key driver of its overall revenue growth and profitability in recent years, came in slightly shy of Street estimates. Plus, the company's gross margin also stood in line with expectations only in its fiscal Q2. Together, all of this makes Apple shares a more uncertain investment for the back half of this year, said Amit Daryanani, a senior Evercore ISI analyst in a CNBC interview today. Wall Street Continues to Rate Apple at 'Moderate Buy' Despite near-term challenges and an earnings release that had multiple weak spots, Wall Street remains largely bullish on Apple stock for the long term. According to Barchart, the consensus rating on AAPL still sits at 'Moderate Buy' with the mean target of about $236 indicating potential upside of 16% from here.
Calgary Herald
02-05-2025
- Business
- Calgary Herald
Apple hit with pair of downgrades as tariff worries grow
Article content Apple Inc. received at least two downgrades on Friday, following quarterly results that reinforced concerns over tariffs and its growth potential. Article content Jefferies cut the stock to underperform, becoming one of the rare bears on the iPhone maker. While the results were in line with expectations, analyst Edison Lee wrote, 'tariff impact will expand over time to create more earnings downside.' Article content Article content Apple Inc. received at least two downgrades on Friday, following quarterly results that reinforced concerns over tariffs and its growth potential. of its last close. Still, the stock has rebounded strongly from its April low, rallying about 24 per cent, the second-best performing Magnificent Seven stock over that period. Article content Apple's results showed weaker-than-expected sales in China, and that it expects US$900 million in higher costs from tariffs. The company also said it expects revenue in the current period to grow in the 'low- to mid-single digit' percentage range on a year-over-year basis. Article content Jefferies called this 'the best-case scenario,' as it assumes the tariff on China stays at 20 per cent and no levies on imports from India and Vietnam. 'These assumptions are unlikely to hold longer term, especially if there will be sectorial tariff that is non-negotiable.' Article content Article content Article content 'We're left with a well-run company, with OK-muted growth, a need for an exciting new product to reinvigorate growth trading at a premium multiple, in a choppy tariff and regulatory environment,' he wrote. Article content Article content Crockett added that the results highlight 'a company with amazing supply chain skill, and better demand for iPhones than many had feared.' However, 'there needs to be an AI driven sharp acceleration in iPhone sales' for the stock to really outperform from here, and 'as time has gone on the argument for that seems to be fading.' Article content Still, some analysts were impressed by the report. Citigroup analyst Atif Malik wrote that 'fundamentals remain intact, and the company delivered decent results/guide in a tough tariff environment,' while he views the outlook as conservative. Article content Nevertheless, the downgrades cement how Wall Street is relatively cautious on Apple compared with other megacap names. Fewer than 60% of the analysts tracked by Bloomberg recommend buying the stock, a low percentage compared with other megacaps. The downgrade from Jefferies brings the number of sell ratings to four. Article content
