goldmansachs
In a significant move that has caught the attention of investors, Goldman Sachs upgraded Spotify Technology SA (NYSE: SPOT) from “Neutral” to “Buy” and raised its price target from $320 to $425, representing a potential 26% upside from its current market price. This endorsement follows Spotify’s robust Q2 performance, which showcased notable increases in premium subscribers and exceeded revenue and gross margin expectations. Q2 earnings highlightsSpotify’s Q2 earnings revealed a 20.2% year-over-year revenue increase to €3.81 billion, driven by a 21% rise in premium revenue and consistent growt...
Invezz
Equifax Inc. (NYSE: EFX) delivered a robust performance in its Q2 2024 earnings, surpassing expectations and igniting a flurry of optimistic reactions from financial analysts. Analysts at Goldman Sachs raised their target from $246 to $277, maintaining a ‘Neutral’ stance. Baird, seeing more potential, pushed their target from $260 to $290, sticking with an ‘Outperform’ rating. Needham was even more optimistic, increasing their target from $305 to $320 and maintaining a ‘Buy’ rating. Similarly, Oppenheimer set their sights at $300, up from $272, also with an ‘Outperform’ rating. Q2 earningsThis...
Invezz
ValueWalk
Goldman Sachs Group reported Monday that net profit for the second quarter nearly tripled from last year, reflecting significantly lower provisions for bad loans and revenue growth across operating segments. Both earnings per share and quarterly revenues topped analysts' expectations. The company also declared a 9% higher quarterly dividend. "We are pleased with our solid second quarter results and our overall performance in the first half of the year, reflecting strong year-on-year growth in both Global Banking & Markets and Asset & Wealth Management," said David Solomon, chairman and CEO. Fo...
DPA Breaking News
French stocks are expected to face increased volatility due to the upcoming legislative elections, strategists at Goldman Sachs have warned. The CAC 40 index, which includes 40 of the largest companies listed on the Paris Stock Exchange, experienced its worst performance since March 2022 last week, plummeting more than 6%. This downturn was triggered by the announcement of a snap election, causing market jitters over the potential victory of the far-right National Rally and the implications for fiscal policy and economic stability. Market reaction to snap electionThe prospect of the far-right ...
Invezz
Investment banking giant Goldman Sachs has recently raised the S&P 500 index's end-of -year target to 5,600 points. This is mainly due to robust earnings advancements seen by some of the biggest tech companies on the US stock market, as well as increased price-to-earnings ratios. The S&P 500 closed at 5,431.60 points on Friday evening. The biggest tech companies driving this growth are Nvidia, Microsoft, Amazon, Google and Meta Platforms, which now make up approximately 25% of the S&P 500's value. Along with Tesla and Apple, these groups make up the Magnificent Seven tech stocks. In a note sen...
Euronews (English)
As gold prices reach unprecedented levels in 2024, topping $2,400 an ounce last month, Goldman Sachs forecasts a potential rise to over $3,000 by year’s end, driven by robust demand and global economic uncertainties. The surge in gold prices has been significantly driven by the active participation of central banks and consumer demand in Asia, despite economic recovery challenges and currency depreciation. The People’s Bank of China (PBOC) has increased its gold reserves for 17 consecutive months, adding 160,000 ounces in March alone. This aggressive acquisition is mirrored by other nations li...
Invezz
ValueWalk
ValueWalk
ValueWalk
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