Latest news with #RBCCapital
Yahoo
17 hours ago
- Business
- Yahoo
RBC sees S&P 500 likely falling from current levels by year-end
-- RBC Capital revealed in a note to clients on Monday that it has revised its year-end 2025 S&P 500 target to 5,730, up from 5,550, but warned that the index is still likely to decline from current levels. 'We expect the path of stocks to be choppy through year-end,' RBC analysts wrote, citing a wide range of potential outcomes and growing downside risks. Despite the target upgrade, RBC stressed that 'our sentiment model... is signaling less robust forward returns' and warned that 'a move to +1 standard deviations above the long-term average has been a reliable signal that the stock market is due for a significant pullback.' RBC sees a broad range of possible outcomes by year-end, from a bull case of 6,400 to a bear case as low as 4,200-4,500. 'The wide gap highlights the high degree of uncertainty and fog in the outlook,' the firm said. RBC's models factor in inflation in the upper 2% range, three Federal Reserve cuts starting in September, and real GDP growth of 1.3% for the year. But the firm warned that rising 10-year yields or disappointing economic data could shift sentiment rapidly. The firm also highlighted weakening interest from non-U.S. investors. 'Tariffs opened a door – an openness to investing in other geographies – that had been closed for quite some time,' analysts noted. Overall, RBC described its stance as 'rather neutral,' emphasizing that 'current pricing in the S&P 500 already reflects the step-up improvement in macro fundamentals.' Still, risks including policy uncertainty and weaker consumer sentiment could drive a correction before year-end. Related articles RBC sees S&P 500 likely falling from current levels by year-end BioNTech soars 15% on cancer drug deal with Bristol Myers Campbell Soup beats Q3 estimates, reaffirms guidance 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
Business Insider
2 days ago
- Business
- Business Insider
Vermilion Energy (VET) Receives a Hold from RBC Capital
RBC Capital analyst Gregory Pardy maintained a Hold rating on Vermilion Energy (VET – Research Report) yesterday and set a price target of C$14.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Pardy covers the Energy sector, focusing on stocks such as Canadian Natural, Imperial Oil, and Vermilion Energy. According to TipRanks, Pardy has an average return of 18.3% and a 58.50% success rate on recommended stocks. In addition to RBC Capital, Vermilion Energy also received a Hold from BMO Capital's Jeremy Mccrea in a report issued on May 23. However, on May 20, J.P. Morgan maintained a Sell rating on Vermilion Energy (NYSE: VET). VET market cap is currently $1.03B and has a P/E ratio of -42.58.
Business Insider
2 days ago
- Business
- Business Insider
RBC Capital Reaffirms Their Sell Rating on Laurentian Bank (LRCDF)
In a report released yesterday, Darko Mihelic from RBC Capital maintained a Sell rating on Laurentian Bank (LRCDF – Research Report), with a price target of C$25.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Mihelic is a 5-star analyst with an average return of 7.2% and a 60.22% success rate. Mihelic covers the Financial sector, focusing on stocks such as Great-West Lifeco, Sagicor Financial, and Bank Of Montreal. In addition to RBC Capital, Laurentian Bank also received a Sell from National Bank's Gabriel Dechaine in a report issued on May 16. However, yesterday, Jefferies maintained a Hold rating on Laurentian Bank (Other OTC: LRCDF). The company has a one-year high of $22.57 and a one-year low of $16.46. Currently, Laurentian Bank has an average volume of 8,937.
Yahoo
3 days ago
- Business
- Yahoo
Zscaler price target raised to $290 from $245 at Evercore ISI
Evercore ISI raised the firm's price target on Zscaler (ZS) to $290 from $245 and keeps an Outperform rating on the shares. Zscaler delivered 'a stellar F3Q,' surpassing expectations across key metrics and reinforcing confidence in the new go-to-market strategy, the analyst tells investors. However, caution is advised as FY26 consensus estimates 'seem overly optimistic for now,' adds the analyst, whose initial FY26 revenue growth estimate is set at 18.5%, below the consensus of 20.2%. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter 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 ZS: Disclaimer & DisclosureReport an Issue Zscaler price target raised to $300 from $270 at TD Cowen Zscaler price target raised to $290 from $275 at Cantor Fitzgerald Zscaler price target raised to $300 from $240 at Wedbush Zscaler price target raised to $304 from $288 at RBC Capital Zscaler price target raised to $290 from $250 at Oppenheimer
Yahoo
3 days ago
- Business
- Yahoo
UiPath price target raised to $15 from $11 at Evercore ISI
Evercore ISI raised the firm's price target on UiPath (PATH) to $15 from $11 and keeps an In Line rating on the shares following 'encouraging' fiscal Q1 results. Revenue and operating margin exceeded expectations thanks to the company's business model transformation and operational efficiencies, notes the analyst. A 'solid start to FY26,' coupled with strategic moves in partnerships and operational efficiency, 'sets a positive tone,' though consistent outperformance and further agentic strategy validation will be key to shifting investor sentiment, the analyst added. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter 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 PATH: Disclaimer & DisclosureReport an Issue UiPath price target raised to $15 from $13 at RBC Capital UiPath: Balancing Optimism and Caution Amid Economic Uncertainty UiPath's Growth Challenges Amid Strong Revenue Performance: Analyst Maintains Hold Rating UiPath's Promising AI Growth and Market Challenges Lead to Hold Rating UiPath price target raised to $14 from $12 at Barclays Sign in to access your portfolio
