Latest news with #MaximGroup
Globe and Mail
04-08-2025
- Business
- Globe and Mail
Maxim Group Keeps Their Buy Rating on Amazon (AMZN)
In a report released yesterday, Tom Forte from Maxim Group reiterated a Buy rating on Amazon. The company's shares closed yesterday at $214.75. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Forte is a 4-star analyst with an average return of 6.8% and a 44.26% success rate. Forte covers the Consumer Cyclical sector, focusing on stocks such as Jakks Pacific, Beyond Inc, and Allbirds. In addition to Maxim Group, Amazon also received a Buy from Piper Sandler's Thomas Champion in a report issued yesterday. However, on the same day, Wells Fargo reiterated a Hold rating on Amazon (NASDAQ: AMZN). Based on Amazon's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $155.67 billion and a net profit of $17.13 billion. In comparison, last year the company earned a revenue of $143.31 billion and had a net profit of $10.43 billion
Business Insider
02-08-2025
- Business
- Business Insider
Maxim Group Keeps Their Buy Rating on Amazon (AMZN)
In a report released yesterday, Tom Forte from Maxim Group reiterated a Buy rating on Amazon. The company's shares closed yesterday at $214.75. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Forte is a 4-star analyst with an average return of 6.8% and a 44.26% success rate. Forte covers the Consumer Cyclical sector, focusing on stocks such as Jakks Pacific, Beyond Inc, and Allbirds. In addition to Maxim Group, Amazon also received a Buy from Piper Sandler's Thomas Champion in a report issued yesterday. However, on the same day, Wells Fargo reiterated a Hold rating on Amazon (NASDAQ: AMZN). Based on Amazon's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $155.67 billion and a net profit of $17.13 billion. In comparison, last year the company earned a revenue of $143.31 billion and had a net profit of $10.43 billion
Yahoo
01-08-2025
- Business
- Yahoo
Apple is still 'behind the 8 ball' as its AI push falls behind
Apple (AAPL) stock is under pressure despite posting its best revenue growth in three years, with its third quarter results boosted by iPhone demand and gains in China. Tom Forte, Maxim Group managing director and senior consumer internet analyst, breaks down the risks facing Apple in a post-smartphone world. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts. You know, Tom, uh, we're just looking at the shares, and they've turned negative now. Do you think that that has to do with the sort of other factors this morning between trade and the jobs report? Or is there something in Apple that investors are now paying more attention to? Sure. So if I was to go glass half empty on Apple's results, uh, Tim Cook indicated that the tariff impact originally expected to be 900 million in the June quarter ended up being 800 million is projected to grow to 1.1 billion in the September quarter. And while it's encouraging that the company is making efforts to uh, catch up on artificial intelligence, including spending more in capex of caught 3 billion a quarter instead of 2 billion a quarter, and even Apple's open-minded to strategic M&A to close the gap, uh, it's still behind the eight ball or lagging from artificial intelligence standpoint. So I could see the stock being flat today, uh, on those concerns. At the same time, as you said, you know, a lot of the numbers here look pretty good. I mean, did you find the iPhone sales, in particular, reassuring, especially since the company said that not a lot of it I think they said 1 percentage point of the gain was accounted for by pull forward from tariffs. The rest of them was just people wanting iPhones. Yeah. So if you looked at the double-digit revenue growth in the June quarter, uh, Tim Cook ascribed 100 basis points or 1/10 to consumers in the US in the month of April, uh, buying iPhones and Macs ahead of potential tariffs. Um, so I guess is the question 1 percentage growth out of 10 percentage growth, is that a small number from a pull forward standpoint? Uh, perhaps. Um, again, if you look at so glass half full on the quarter, they had revenue growth again in China, uh, for the first time in a while, despite very significant competitive pressure. Uh, their outlook for revenue in the September quarter was favorable. So if you can set aside the incremental tariff impact, um, their revenues exceeding expectations, and then their services is performing reasonably well, also. Um, Tom, let let's dig into the the AI question because you and I have talked about this before. And our tech editor Dan Hally has sort of posited that the whole AI thing is more of an a Wall Street concern than a consumer concern. And stick with me for a minute here. When I buy an iPhone, I don't really buy it for the stuff that it can do. I buy it for the design of the hardware, right? And so, in the future, won't we just be using apps for AI anyway on the iPhone? In other words, why is it so important for the phone itself to have those capabilities? Yeah, so I'll pick the best example, but I have to be careful because every iPhone device or Apple device in my uh it's going to go off. But if you think about Siri as an example, so we now have uh, more information on the timing for using artificial intelligence to upgrade Siri. Uh, it's expected calendar next year. So it's at least 12 to 18 months late. Uh, and then this holds true for Alexa's, uh, Alexa for Amazon. Meaning that in the future, if consumers are looking for a digital assistant, will it be Amazon's, will it be Apple's, or will it be open AIs? So how functional, or how important is your smartphone in the future, if the main primary features, or the things you value most are not necessarily coming from Apple? I think that's a challenge. Related Videos Bond yields drop, Figma's volatility, Palantir-Army deal Coinbase stock sinks on earnings: Analyst explains why Exxon, Chevron top Q2 estimates: Key takeaways What Trump's tariff hikes could mean for Apple & Amazon 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
28-07-2025
- Business
- Yahoo
Maxim Group Lowered the PT on Intchains Group Limited, Kept a Buy Rating
Intchains Group Limited (NASDAQ:ICG) is one of the . On May 27, Maxim Group analyst Matthew Galinko lowered the firm's price target on Intchains Group Limited (NASDAQ:ICG) from $8 to $7.5, while maintaining a Buy rating on the stock. The analyst noted that the slight price adjustment represents some near-term challenges facing the company. He highlighted that despite the challenges, its growth potential remains strong. The company reported a significant revenue increase in Q1 2025, which was mainly driven by robust sales of its new Aleo mining machines. Galinko noted Intchains Group Limited (NASDAQ:ICG)'s strategic moves, including the launch of the Goldshell Byte mining machine. He believes that this positions the company to capitalize on emerging opportunities in digital asset mining. Although the company lowered its guidance for the first half of 2025 due to tougher competition and falling cryptocurrency prices, Galinko remains optimistic. Intchains Group Limited (NASDAQ:ICG) is a holding company that provides altcoin mining products, including mining machines that use high-performance ASIC chips designed for blockchain applications. While we acknowledge the potential of ICG 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: 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. Sign in to access your portfolio
Yahoo
27-07-2025
- Business
- Yahoo
A-Mark Gains a Buy Rating Amid Q3 Mixed Earnings Results
A-Mark Precious Metals, Inc. (NASDAQ:AMRK) is one of the . Analysts maintain a Buy rating amid mixed Q3 earnings results and major stock sales. A client signing off on a loan agreement for secured lending. Headquartered in California, A-Mark Precious Metals, Inc. (NASDAQ:AMRK) is a fully integrated precious metals trading company. It is active in wholesale, secured lending, and direct-to-consumer channels. Founded in 1965, the company has distributed bullion and coins from sovereign and private mints in addition to offering storage and logistics services. It also provided financing solutions to dealers, investors, and industrial users globally. The Q3 earnings call, released on May 7, 2025, revealed mixed results. The revenue for the quarter reached $3 billion, a 15% increase compared to the same quarter the previous year. A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was also successful in acquiring Pinehurst Coin Exchange, Spectrum Group International, and AMS Holdings LLC. However, the net loss during the quarter reached $8.5 million, surpassing the $5 million net loss in the same quarter last year, due to trading losses and higher interest expenses. On June 4, 2025, the company's CFO, Kathleen Taylor-Simpson, made a bold move, selling 5,000 shares of the company in a transaction valued at $103,400. Even so, the company's Buy rating by Maxim Group stood sturdily with a price target of $63, pouring confidence into the stock's future performance. A-Mark Precious Metals, Inc. (NASDAQ:AMRK) anticipates an EPS growth of 3.40% in the next five years, while maintaining a beta of 0.15, suggesting a blend of long-term growth and low risk. While we acknowledge the potential of AMRK 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: 10 Metal Stocks with Insider Buying in 2025 and 10 Energy Stocks with Insider Buying in 2025 Disclosure. None. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
