Stocks Analysis by Investing.com (Garrett Cook) covering: Amgen Inc, Saia Inc, JD.com Inc Adr, LYFT Inc. Read Investing.com (Garrett Cook)'s latest article on Investing.com
Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Saia, JD.com, Amgen, and Confluent, and a downgrade for Lyft.Wolfe has a positive view on SAIA, seeing it as one of the best stories to own in transports for the next several years. Wolfe analysts have lowered their 2024 and 2025 EPS estimates for SAIA, but they still think the stock is trading at a discount to its historical average forward price-to-earnings multiples.
Outperform at Wolfe means: “The security is projected to outperform analyst's industry coverage universe over the next 12 months.”Shares jumped on the headline from $343.81 to $357.28 in early premarket trading at 6:26AM in New York. Shares floated higher into the open, starting the regular session at $359.18. It closed at $357.25, gaining 3.8%.Moffett has a bearish view on Lyft, as it sees low profitability and high expectations for the ride-hailing company.
UBS’s analysts think that JD’s business recalibration is necessary in this dynamic and competitive market, but they also acknowledge that the process is unlikely to be smooth amid peaking internet user growth, a slowing economy and rising competition. UBS’s analysts note that JD’s margins continue to improve, but that its top-line growth is muted and that its business transition is uncertain.
The firm updated its model to include Tepezza and the other products from the recent acquisition of Horizon Therapeutics ."Shares spiked off a $260 handle and pushed to a $263 handle. AMGN opened the regular session at $263.30 and closed at $266.59, making for a gain of 2.2%.Wolfe has upgraded CFLT to Outperform from Peer Perform, as it sees a disconnect between valuation and fundamentals for the cloud data company.
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