Reported 8 months ago
Oppenheimer's head of technical analysis, Ari Wald, suggests a bullish stance on large-cap stocks like Uber and Snowflake. Uber, a leader in the rideshare industry, has seen a solid increase in revenue and trips in the first quarter of the year. Oppenheimer analyst Jason Helfstein recommends Uber as a strong buy for its long-term potential, with a price target of $90, representing a 28.5% upside. Snowflake, a cloud-based data analytics platform, has also shown growth in revenue but missed EPS expectations in their recent report. Analyst Ittai Kidron is positive on Snowflake's AI potential and sets an outperform rating with a price target of $220, indicating a 73% gain in the next year. The stock has a Moderate Buy consensus rating with potential upside of 58.5% according to analysts.
Source: YAHOO