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CNBC
28-04-2025
- Business
- CNBC
Truist upgrades Peloton stock, says 'the BS' has been cleaned up
Peloton is finally showing signs of sustained growth after an extended recovery, according to Truist. "Three years+ after we downgraded PTON to Hold from Buy, we believe the stock is finally nearing a point where the company's improving fundamentals should support a gradual recovery of its equity," analyst Youssef Squali wrote in a Monday note. Truist upgraded the fitness equipment stock to buy from hold, and reiterated its $11 per share price target. The firm's forecast calls for nearly 75% upside from Friday's $6.29 close. In premarket trading Monday, shares were up more than 5%. PTON YTD mountain Peloton stock in 2025. The stock was one of the pandemic-era darlings as consumers rushed to purchase Peloton bikes amid lockdown orders. It spent heavily to support the rapid growth only to have demand dry up, forcing CEO changes and layoffs as well as efforts to stave off a cash crunch . The company has producing back-to-back better-than-expected quarterly results in October 2024 and February 2025 . Peloton's fiscal second-quarter results earlier this year saw the company inch closer to profitability, and the analyst expects to see revenue growth return in fiscal 2026. "We believe the stock is finally nearing a point where the company's improving fundamentals should support a gradual recovery of its equity," Squali said. "With the BS cleaned up and [operating expenses] materially reduced to ensure sustained [free cash flow] profitability, we believe the new leadership is refocusing on revenue growth (in FY26, by our est.)." Peloton stock has slipped about 28% in 2025. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
CNBC
28-04-2025
- Business
- CNBC
Bank of America upgrades this insurance stock after downgrading it earlier this month
Bank of America has quickly changed its mind on insurance stock Progressive . BofA upgraded Progressive back to buy on Monday, after downgrading the stock to neutral just three weeks ago, and raised its price target to $312 per share from $297. The firm's forecast calls for roughly 18% upside from Friday's $265.01 close. "This is a lot of 12mo upside for what has arguably been the S & P 100 stock with the best risk-adjusted returns over the prior decade," analyst Joshua Shanker said of the upgrade. PGR YTD mountain Progressive stock in 2025. The switch is "an uncommonly short time to reverse a recommendation change," he noted. Shanker attributed the reversal of opinion on Progressive stock to its sharp underperformance of the S & P 500 in the 15 trading sessions between the initial downgrade and upgrade today as well as earnings result that showed a burst in new personal auto customers. Progressive stock slipped 8% over the time period, Shanker noted, which equates to underperforming the S & P 500 by 1,000 basis points, a move that could be overdone. "Progressive is arguably the best operator within its niches of the insurance market with continued opportunity for market share gain and economies of scale growth," the analyst said. Shanker also pointed to Progressive's strong first-quarter results which he said saw the company notch its best March ever on a percentage basis. Progressive stock has ticked up about 10% so far in 2025 and was up 1.8% Monday morning in premarket trade. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
CNBC
28-04-2025
- Business
- CNBC
Buy Boeing stock as growth runway now looks achievable after several controversies, Bernstein says
Boeing could be on track to make good on past growth hopes as the company emerges stronger after heightened scrutiny, according to Bernstein. Bernstein analyst Douglas Harned upgraded the airplane design and manufacturing stock to outperform from market perform and upped his price target to $218 per share from $181 in a Sunday note. The forecast implies about 23% upside from Friday's $177.95 close. Shares rose 1.7% in premarket trading Monday. "Boeing is now making the progress it needed for the growth trajectory we expected before the Alaska door plug accident in January 2024," Harned said. While the analyst cautioned that Boeing remains far from being out of the woods from continued scrutiny over several of its controversies in recent years, he noted that the company is on track to emerge as a stronger firm overall. BA YTD mountain Bernstein stock in 2025. "While we cannot assume all risks are gone, after high FAA scrutiny, [Boeing] should be on a much firmer path than in 2023," Harned said. Boeing is recovering from the 2024 Alaska Airlines controversy, where the door of a 737 Max 9 airplane blew off mid flight . That followed two Boeing 737 Max plane crashes that were just five months apart in 2018 and early 2019. But once Boeing finds its footing and is able to navigate consistently both scrutiny and headwinds tied to supply chains, the stock could have a strong growth runway ahead, Harned said. "Boeing has historically been a stock that has traded on momentum. Once the trajectory solidifies, the stock can take off. If you wait, you can miss it," the analyst said. "This is what happened during 2023, when share prices doubled from 2022 levels to reach $260 at the end of 2023, just before the door plug accident." Boeing stock has ticked up about 0.5% in 2025. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
CNBC
25-04-2025
- Business
- CNBC
This stock from the CNBC Stock Draft is forming a ‘cup-and-handle' chart pattern, says Simple Trading's Danielle Shay
Now is the time to get bullish on Costco , according to Danielle Shay, vice president of options at Simpler Trading. Shay joined CNBC's " Power Lunch " on Friday to offer her takes on the retailer, which she deems as the best stock from the 2025 CNBC Stock Draft , as well as what she considers to be the worst pick from the draft and the best name that wasn't chosen. Here were her selections during the segment. Costco Costco, which was picked in the first round during the stock draft by reality TV star Austen Kroll, lost more than 1% this week, and Shay "loves" the name at current trading levels. "If you look at that weekly chart, you're going to see a gorgeous trend, along with the cup-and-handle pattern and a very clear target up at $1,200 a share," she said. A bullish "cup-and-handle" stock trading pattern is formed when its price increases, then declines to establish a base, and then increases again. That pattern could signal a possible buying opportunity. "You have dividends, you have people trying to get deals right now, and it's always packed," Shay continued. COST mountain 2025-04-21 COST, week-to-date Nike Shares of athletic footwear and apparel maker Nike have come under serious pressure in recent years, with Shay noting that the stock has been in a downtrend since 2021. From the start of that year, shares have plunged more than 56%. While Shay acknowledged that investors may want to buy the stock given the view that it's "cheap," she's cautioning against that, selecting it as the worst pick to her from the draft. "You don't want to buy something that's been in a downtrend far before the market correction," she added. According to FactSet, Nike has a forward price-to-earnings ratio of 29 and trades at around $57 per share. Shay advised shorting the name at around $60 to $75 per share, adding that the "path of the least resistance is lower." NKE mountain 2021-01-01 NKE since 2021 Broadcom Although chipmaker Broadcom hasn't gotten as much attention as artificial intelligence darling Nvidia, Shay believes this is the best name that wasn't picked during the draft. The stock has pulled back 17% in 2025 but has surged more than 48% in the past year. "The options market has much better volume now, and when you look at it, it's pulled back very nicely, but it's still holding a weekly trend," she said. AVGO 1Y mountain AVGO, 1-year Shay has a price target on the stock of $250 and $280. That implies nearly 30% upside and 45% upside, respectively, from Friday's close. "This is one that I'm regularly adding to my portfolio," Shay remarked. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
CNBC
25-04-2025
- Business
- CNBC
Stocks making the biggest moves midday: T-Mobile, Alphabet, Tesla, Intel, SAIA and more
Check out the companies making headlines in midday trading. T-Mobile — Shares pulled back 11% after the company's wireless subscribers for the first quarter missed Wall Street estimates. T-Mobile reported 495,000 postpaid phone additions in the first-quarter, while analysts polled by StreetAccount were looking for 504,000. Alphabet — The Google-parent company gained about 2% on the heels of better-than-expected first-quarter results . Alphabet reported $2.81 per share on revenue of $90.23 billion, while analysts polled by LSEG forecast $2.01 per share and $89.12 billion in revenue. Skechers — Shares fell 4.8% after the footwear maker posted weaker-than-expected revenue for the first quarter and withdrew its 2025 guidance due to " macroeconomic uncertainty stemming from global trade policies ." The company's earnings for the quarter came in above analyst estimates, however. Gilead Sciences — The biopharmaceutical stock fell 2.5% after first-quarter revenue came in at $6.67 billion, missing the consensus forecast of $6.81 billion from analysts polled by LSEG. However, the company earned $1.81 per share, excluding items, in the quarter, beating Wall Street's estimate of $1.79 a share. SAIA — Shares of the shipping company fell 31% after first-quarter results missed estimates and showed a slowdown in March. SAIA reported $1.86 in earnings per share on $787.6 million of revenue. Analysts surveyed by FactSet were expecting $2.76 per share on $812.8 million of revenue. BMO Capital Markets downgraded the stock to market perform from outperform and said the issues were "company specific." Intel — The chipmaker declined 7% after Intel's current quarter missed investors expectations. Intel forecast revenue in the June quarter of $11.8 billion at the midpoint, while consensus forecasts called for $12.82 billion, per LSEG. Management anticipates that earnings will break even. Intel also announced plans to reduce both its operational and capital expenses. Boston Beer — The Samuel Adams brewer were more than 1% higher after better-than-expected first-quarter results. Boston Beer notched earnings per share of $2.16 on revenue of $453.9 million, while analysts polled by FactSet were looking for 56 cents per share on revenue of $435.6 million. Boston Beer cautioned that tariffs could hurt full-year earnings. Tesla — The Elon Musk-helmed electric vehicle company surged 10%. Shares have advanced more than 17%r this week, as the broader market tries to recover from a steep sell-off for much of April. — CNBC's Jesse Pound, Alex Harring and Sean Conlon contributed reporting Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
