Latest news with #MonnessCrespi
CNBC
10 hours ago
- Business
- CNBC
Apple WWDC: Here are the changes to expect
Brian White, Monness Crespi, Hardt analyst, joins 'Squawk on the Street' to discuss White's expectations for Apple's WWDC, if White is a buyer of Apple's stock and much more.
Yahoo
09-04-2025
- Business
- Yahoo
Coinbase price target lowered to $275 from $390 at Monness Crespi
Monness Crespi lowered the firm's price target on Coinbase (COIN) to $275 from $390 and keeps a Buy rating on the shares. Coinbase 'still has cyclicality to it,' but its ability to remain profitable means the stock's multiple can begin to expand prior to earnings troughing, the analyst tells investors in a research note. The firm believes the company's opportunity for total addressable market expansion and real-world utility 'remain in play.' Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on COIN: Disclaimer & DisclosureReport an Issue AMD downgraded, Dollar General upgraded: Wall Street's top analyst calls Coinbase price target lowered to $180 from $310 at Piper Sandler Coinbase initiated with an Overweight at Cantor Fitzgerald Coinbase price target lowered to $400 from $475 at Citizens JMP Cathie Wood Buys the Dip in Nvidia (NVDA) and Amazon (AMZN) Stocks Sign in to access your portfolio
Yahoo
09-04-2025
- Business
- Yahoo
American Express price target lowered to $275 from $355 at Monness Crespi
Monness Crespi lowered the firm's price target on American Express (AXP) to $275 from $355 and keeps a Buy rating on the shares. While the potential for continued multiple contraction, the stock's valuation is 'now near median,' the analyst tells investors in a research note. The firm believes use of the credit card combined with a 'much better balance sheet funding mix-wise' provide comfort in continuing to recommend the shares. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on AXP: Disclaimer & DisclosureReport an Issue American Express price target lowered to $244 from $325 at JPMorgan American Express price target lowered to $246 from $310 at Morgan Stanley DOJ Approves Capital One–Discover $35 Billion Deal, Stock Set for Potential Upside American Express price target lowered to $343 from $350 at Truist Dow Jones Index Daily Report: Tariffs Slam the Stock Market Sign in to access your portfolio
Yahoo
01-04-2025
- Business
- Yahoo
Risk to Bitcoin Buying Plans Makes Strategy a Sell, Says Wall Street Analyst
Although Strategy's (MSTR) aggressive buying of bitcoin (BTC) has sent its shares soaring over 2,500% over the past five years, one analyst argues that the reverse could soon be the case. 'While we were negative on several respects upon initiation, we have gained incremental confidence that the convertible issuance strategy is likely tapped,' wrote Monness Crespi analyst Gus Gala, downgrading MSTR to sell just two weeks after initiating coverage at neutral. Strategy currently holds 528,185 BTC on its balance sheet and has been buying sizable quantities nearly every week for the past few months, mostly funded by common share issuance and also sales of its initial preferred series STRK. Gala's price target of $220 suggests just shy of 30% downside from the current price in the $300 area. Gala argued that it will become increasingly more difficult for Strategy to raise money to buy bitcoin via share issuance, forcing the company to shift towards fixed income vehicles. 'If fixed income securities do not become a greater portion of issuance, the BTC treasury strategy will look increasingly challenged.' Gala noted that MSTR has already used $18.6 billion of its $21 billion common share at-the-market offering. The company also raised another $711 million last week via STRF, its second series of preferred stock.
