Latest news with #KeefeBruyetteWoods
Yahoo
an hour ago
- Business
- Yahoo
Cipher Mining (CIFR) Gets New 'Buy' Reco, Soars 16% More
We recently published . Cipher Mining Inc. (NASDAQ:CIFR) is one of Monday's top performers. Cipher Mining soared by 16.12 percent on Monday to close at $6.05 apiece as investors continued to seek path from higher price targets and bullish recommendations from analysts. On the same day, Cipher Mining Inc. (NASDAQ:CIFR) earned a 'buy' recommendation from Zacks Research on the back of growing optimism over its earnings prospects. Last week, several investment firms also gave higher price targets for the company. For its part, Macquarie raised its price target to $8 from $6 previously, marking a 32 percent upside potential from its latest closing price. It also assigned an 'overweight' rating for the stock. Keefe, Bruyette, & Woods Inc. gave Cipher Mining Inc. (NASDAQ:CIFR) a new price target of $8, albeit a reduction from the $10 previously, but it remained markedly higher than its closing price on Monday. Other firms, Needham and Rosenblatt, also posted a bullish stance, giving a 'buy' recommendation, with price targets of $8 and $7, respectively. bitcoin mining In the second quarter of the year, Cipher Mining Inc. (NASDAQ:CIFR) saw revenues from Bitcoin mining increase by 18.2 percent to $43.56 million from $36.8 million in the same period last year. However, net loss nearly tripled to $45.78 million from $15.29 million, dragged by a 67.6-percent increase in total costs and operating expenses. While we acknowledge the potential of CIFR 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 . 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
KBW Keeps Outperform rating on Visa Inc. (V)
Visa Inc. (NYSE:V) is one of the 9 Best NYSE Stocks to Buy According to Hedge Funds. On July 30, Keefe, Bruyette & Woods (KBW) reiterated its Outperform rating on Visa Inc. (NYSE:V) with a $400 price target. The investment banking firm believes Visa Inc. (NYSE:V) is showing 'solid trends' even though there might be some near-term volatility because of comparisons. KBW highlighted that Visa Inc.'s (NYSE:V) core business drivers remain largely intact, with normalizing foreign exchange volatility being an exception. KBW pointed out that pricing will continue to act as a tailwind for the company, potentially helping the company to surpass expectations. The firm sees Visa Inc. (NYSE:V) as 'one of the highest quality names with the strongest visibility on medium-term earnings power' and identified it as a top pick for investing in the payments industry. Visa Inc. (NYSE:V) is an American multinational digital payments company that offers a range of payment products and processing services in over 200 countries and territories. While we acknowledge the potential of V 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: 11 Best Revenue Growth Stocks to Buy Now and 14 Best Aggressive Growth Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Cipher (CIFR) Mining Gets Boost From 4 Analysts' Higher PT
We recently published . Cipher Mining Inc. (NASDAQ:CIFR) is one of the top performers on Thursday. Cipher Mining rallied for a second day on Thursday, adding 8.57 percent to close at $5.32 as investors continued to take path from investment firms' bullish ratings and higher price targets for the company. For its part, Macquarie raised its price target to $8 from $6 previously, marking a 50.4 percent upside potential from its latest closing price. It also assigned an 'overweight' rating for the stock. Keefe, Bruyette, & Woods Inc. gave Cipher Mining Inc. (NASDAQ:CIFR) a new price target of $8, albeit a reduction from the $10 previously, but it remained markedly higher than its closing price on Thursday. Other firms, Needham and Rosenblatt, also posted a bullish stance, giving a 'buy' recommendation, with price targets of $8 and $7, respectively. Rosenblatt's price target represented a 31.6-percent upside potential from the firm's latest closing price. In the second quarter of the year, Cipher Mining Inc. (NASDAQ:CIFR) saw revenues from Bitcoin mining increase by 18.2 percent to $43.56 million from $36.8 million in the same period last year. However, net loss nearly tripled to $45.78 million from $15.29 million, dragged by a 67.6-percent increase in total costs and operating expenses. While we acknowledge the potential of CIFR 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 .
Yahoo
6 days ago
- Business
- Yahoo
Opendoor's Outlook Trimmed Sharply As Analyst Warns Of Widening Losses
Opendoor Technologies (NASDAQ:OPEN) shares slipped on Wednesday as the home-flipping platform's weaker-than-expected guidance and shift to an agent-led sales model deepened concerns over mounting losses and strategic direction despite a return to profitability last quarter. Keefe, Bruyette & Woods analyst Ryan Tomasello downgraded the stock from Market Perform to Underperform on Tuesday, maintaining a $1 price forecast. Tomasello cut his rating on Opendoor following the company's weak second-quarter results and steeply lowered Tomasello has revised his financial forecasts, lowering his expectations for 2025 and 2026. He now projects an adjusted earnings per share (EPS) loss of 27 cents for 2025 and 22 cents for 2026, which is down from his previous estimates of a 21 cent and 14 cent loss, respectively. Additionally, he has lowered his adjusted EBITDA outlook for the same periods to a loss of $72 million and $40 million, a significant drop from his earlier projections of a $44 million loss and a $30 million gain. He noted that management guided second-half revenue about 40% below consensus and announced a pivot to an agent-led distribution model. While high retail investor interest may buoy valuation, Tomasello expects widening losses and strategic uncertainty to pressure shares, which trade near the high end of historical multiples. His $1.00 price forecast remains unchanged, equating to 1.4 times fourth-quarter 2025 estimated BVPS and 1.3 times 2026 estimated gross profit. The downgrade followed second-quarter revenue of $1.567 billion, up 4% year-over-year and above KBW's $1.516 billion forecast, but contribution profit of $69 million fell short of his $73 million estimate. Opendoor guided third-quarter revenue to $800 million–$875 million, well below KBW's $1.039 billion projection, with an adjusted EBITDA loss of $28 million–$21 million. Management also expects a similar sequential revenue drop in the fourth quarter, driven by a mix of older, lower-margin homes that could delay margin improvement until after 2025. Tomasello projects year-end 2026 liquidity of $649 million, before debt maturities and working capital needs. Price Action: OPEN shares are trading lower by 2.83% to 2.400 at Wednesday's last check. Photo via Opendoor Latest Ratings for OPEN Date Firm Action From To Mar 2022 BTIG Upgrades Neutral Buy Feb 2022 Keefe, Bruyette & Woods Initiates Coverage On Market Perform Jan 2022 Keybanc Maintains Overweight View More Analyst Ratings for OPEN View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? OPENDOOR TECHNOLOGIES (OPEN): Free Stock Analysis Report This article Opendoor's Outlook Trimmed Sharply As Analyst Warns Of Widening Losses originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
01-08-2025
- Business
- Yahoo
Wells Fargo Bucks the Trend: Reaffirms Overweight on ACGL With $110 Target Amid Mixed Analyst Calls
Arch Capital Group Ltd. (NASDAQ:ACGL) is one of the stocks that look extremely cheap on paper. On July 10, Wells Fargo reaffirmed its Overweight rating on ACGL and raised its price target to $110 (up from $108), signaling nearly 22% upside from the current share price. This move underscores its optimistic view on Arch's prospects, especially compared to other sector names that haven't seen similar upward revisions lately. This bullish tone comes amid a busy July for ACGL: on July 9, Keefe, Bruyette & Woods downgraded the stock to Market Perform with a lower $101 target. So Wells Fargo's reiteration and raise carries some weight, not just a hollow update, but a confident nod amid mixed analyst sentiment. A close-up of a signed policy document from an insurance-reinsurance company. Recent price action reflects investor attention: the stock dropped roughly 2.5% on July 9, breaking a short winning streak, then bounced 3.1% on July 14, outperforming peers like Everest, AXIS, and W.R. Berkley, with a surge in trading volume signaling heightened interest. Arch Capital Group Ltd. is a Bermuda-based insurer and reinsurer that underwrites specialty risks globally, including property, casualty, reinsurance, and mortgage insurance. Operating across some 60 offices worldwide, Arch generated revenue in the tens of billions and employs over 7,200 people. While we acknowledge the potential of ACGL 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. 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
