Reported 23 days ago
Northland Securities has reaffirmed a Buy rating for Bitfarms Ltd. (NASDAQ:BITF), setting a price target of $3.25 following the company's Q1 2025 results, which reflected a 33% year-over-year revenue growth to $67 million. However, the company's gross mining margin decreased from 63% to 43%. Bitfarms is actively enhancing its strategic positioning in cryptocurrency mining through acquisitions, including operations in Pennsylvania and the sale of its Paraguayan bitcoin mining site.
Source: YAHOO
Reported 23 days ago
Canaan Inc. (NASDAQ:CAN) achieved record Bitcoin production in May 2025, mining 109 bitcoins—a 25% increase from the previous month. This surge comes despite the impact of increased tariffs on its Malaysian-made mining machines and aligns with global demand for Bitcoin mining equipment and rising prices. The company's total Bitcoin holdings now stand at 1,466. Additionally, Canaan announced the termination of a $100 million preferred share financing due to market conditions.
Source: YAHOO
Reported 23 days ago
Warburg Research has raised the price target for SAP SE (NYSE:SAP) from €275 to €295 while maintaining a 'Buy' rating, citing expected cloud growth and margin improvements. The company's cloud backlog grew by 29% in Q1 2025, and its AI portfolio is aiding businesses in overcoming supply chain issues. Despite acknowledging SAP's growth potential, the report suggests that other AI stocks may offer higher return possibilities.
Source: YAHOO
Reported 23 days ago
Wells Fargo has upgraded Klaviyo, Inc. (NYSE:KVYO) from ‘Equal Weight’ to ‘Overweight’ and increased its price target from $32 to $40, citing improvements in the company’s concerns and strong growth. Klaviyo has seen a stable growth rate of 45% over the past four quarters and an increase in annual recurring revenue customers by 40% year-over-year. The firm is optimistic about Klaviyo’s strategic focus on international expansion and enhancing its competitive edge in the e-commerce sector, positioning it for sustainable growth.
Source: YAHOO
Reported 23 days ago
Wells Fargo analyst Michael Turrin has upgraded DocuSign's stock to 'Equal Weight' from 'Underweight' and raised the price target to $80 from $67. The upgrade follows the company’s lackluster Q1 results, but Wells Fargo believes that macro concerns will ease in the second half of the year, potentially leading to a rebound in performance. DocuSign expects revenue between $777 million and $781 million for the upcoming quarter.
Source: YAHOO
Reported 23 days ago
Wells Fargo has upgraded Zscaler, Inc. (NASDAQ: ZS) from 'Equal Weight' to 'Overweight' and raised its price target from $260 to $385, highlighting the company's potential for significant growth in annual recurring revenue and billings driven by increasing software infrastructure spending and the adoption of AI. Despite the stock's 66% year-to-date increase, Wells Fargo sees substantial potential for further expansion, particularly following Zscaler's acquisition of Red Canary to enhance its AI-driven security operations.
Source: YAHOO
Reported 23 days ago
Mizuho has increased the price target for Automatic Data Processing, Inc. (ADP) from $321.00 to $332.00 while maintaining an 'Outperform' rating. The firm is optimistic about ADP's strong performance and future prospects, highlighting its innovative product strategies and successful acquisition in Mexico to enhance global payroll capabilities. The company expects revenue growth of 6-7% and adjusted EBIT margins to improve by 40-50 basis points for FY 2025.
Source: YAHOO
Reported 23 days ago
Loop Capital has increased its price target for Palantir Technologies Inc. (NASDAQ:PLTR) from $130 to $155 while maintaining a 'Buy' rating. The firm's optimism stems from Palantir's leadership in enterprise AI and its impressive Q1 revenue growth, which saw a 55% year-over-year increase. Loop Capital highlights the expanding use cases for AI and Palantir’s significant market opportunities as key factors for its investment outlook.
Source: YAHOO
Reported 23 days ago
Wells Fargo has raised its price target on Intuit Inc. (INTU) from $825 to $880 while maintaining an 'Overweight' rating, anticipating a recovery in the software sector due to reduced economic uncertainties. Intuit reported strong Q3 2025 results, with significant revenue growth in its Global Business Solutions Group and online offerings, bolstered by a successful tax season. The firm predicts continued growth for TurboTax Live and an overall positive outlook for the fiscal year.
Source: YAHOO
Reported 23 days ago
The Senate parliamentarian has ruled that Republicans cannot use President Trump's tax bill to eliminate funding for the Consumer Financial Protection Bureau (CFPB) or to reduce Federal Reserve employee salaries. This decision comes as the GOP prepares to move forward with their $3 trillion tax and spending cut initiative. Democrats, led by Senator Elizabeth Warren, argue that these proposed cuts would harm consumers and destabilize the financial system.
Source: YAHOO
Reported 23 days ago
Morgan Stanley has upgraded Henderson Land (HLDCY) from Equal Weight to Overweight, setting a price target of HK$31, increased from HK$26.50. The firm cites a potential bottoming in Hong Kong property prices, which have dropped 30% over the last five years, suggesting favorable conditions for investors in the future.
Source: YAHOO
Reported 23 days ago
Morgan Stanley has downgraded Sino Land from Overweight to Equal Weight, setting a new price target of HK$8.60, down from HK$9. This adjustment reflects the company's updated ratings within the Hong Kong property market, which has seen a 30% decline in prices since its peak five years ago. Analyst Praveen Choudhary suggests that several indicators hint at a potential market bottom, presenting investors with a possible steady cycle ahead.
Source: YAHOO
Reported 23 days ago
Emma Gilthorpe has resigned from her position as chief executive of Royal Mail after just over a year, following the sale of the delivery company for £3.6bn to Czech billionaire Daniel Křetínský. Appointed in May 2024, Gilthorpe previously held the role of chief operating officer at Heathrow airport and expressed pride in leading Royal Mail during its transformation. Alistair Cochrane, the company's current chief operating officer, will take over on an interim basis. This leadership change comes amid ongoing challenges for Royal Mail, including service quality issues and recent price hikes.
Source: YAHOO
Reported 23 days ago
US President Donald Trump indicated a willingness to delay military action against Iran, opting to give diplomacy a chance instead of responding to recent tensions. With ongoing negotiations and heightened military activity between Israel and Iran, the president stated he will make a decision about potential action within the next two weeks. Trump's comments come amid an escalating conflict, with Israel conducting strikes on Iranian facilities while Iran's leadership emphasizes the need for unconditional cessation of aggression.
Source: YAHOO
Reported 23 days ago
Diageo-controlled United Spirits is set to acquire a majority controlling stake in India's Nao Spirits for approximately Rs1.3bn ($15.2m), initially owning 97.07% after the first tranche. This investment follows earlier stakes purchased over the past three years in Nao Spirits, known for its craft gin brands like Hapusa and Greater Than. United Spirits' CEO declared the acquisition a key move for future growth in the craft spirits market.
Source: YAHOO
Reported 23 days ago
Russian authorities have once again rejected Anadolu Efes' proposal to buy out Anheuser-Busch InBev's stake in their joint venture. Anadolu Efes confirmed it is reviewing further steps after the rejection, which follows AB InBev's plan to divest its interest since the Ukraine conflict began. The venture includes operations in Russia and Ukraine but has been affected by changes in management and the local political climate.
Source: YAHOO
Reported 23 days ago
Finding a successor for Bob Iger as Disney's CEO presents significant challenges due to the company's complexity and the media industry's rapid changes. Kevin Mayer, a former deputy to Iger, emphasizes that the next CEO must excel in managing creativity and possess strong strategic business acumen to handle Disney's diverse assets. The internal candidates include Dana Walden, Alan Bergman, Josh D'Amaro, and Jimmy Pitaro, with Walden and D'Amaro being frontrunners. Mayer advises the new CEO to closely collaborate with Iger for a successful transition.
Source: YAHOO
Reported 23 days ago
Accenture experienced a second consecutive drop in quarterly new bookings, attributed to decreased U.S. government spending and economic uncertainty, overshadowing its better-than-expected revenue and increased annual forecasts. To counter this trend, the consulting firm announced a strategic reorganization focusing on AI consulting, creating a new unit called reinvention services. Despite the booking decline, Accenture reported strong third-quarter revenue and profit per share, prompting a more optimistic annual revenue growth forecast.
Source: YAHOO
Reported 23 days ago
Kroger (KR) shares surged by 9% after the company raised its full-year sales forecast and maintained its profit outlook despite a competitive landscape dominated by Walmart and Costco. In the first quarter, Kroger exceeded earnings expectations with adjusted EPS of $1.49 and reported a 3.2% increase in same-store sales. Although the grocery giant acknowledges a cautious consumer sentiment affected by macroeconomic uncertainties, it remains committed to strategies for market share growth, including the closure of around 60 stores in the next 18 months following a failed merger with Albertsons.
Source: YAHOO
Reported 23 days ago
Source: INVESTORS
Reported 23 days ago
在最近的一集「Opening Bid」播客中，Candle Media的首席執行官Kevin Mayer與Yahoo Finance的Brian Sozzi探討了迪士尼的未來。他回顧了自己在迪士尼的25年經歷，並對迪士尼是否會繼續出售其電視業務、繼任的可能人選以及傳統電視行業所面臨的困境等問題發表了看法。他還談到，Candle Media如何計劃在媒體變革的背景下發展其品牌，特別是針對孩子的受歡迎節目Cocomelon的未來計劃。
Source: YAHOO
Reported 23 days ago
U.S. equity funds saw their largest outflows in three months, totaling $18.43 billion for the week ending June 18, driven by escalating tensions between Israel and Iran and investor concerns regarding economic risks from high tariffs. Notably, large-cap funds faced the highest withdrawals at $19.38 billion, while sectoral funds drew in $855 million in net inflows. Bond fund inflows also hit a seven-week low, with mortgage funds witnessing a notable increase in demand.
Source: YAHOO
Reported 23 days ago
US investors are hesitating to shift into defensive stocks amidst rising geopolitical tensions, particularly concerning the Israel-Iran conflict. Despite typical market behaviors during such unrest, there has only been a modest movement into defensive sectors like utilities and healthcare, as many hedge funds maintain a cautious approach rather than panicking. With current market conditions, experts suggest a more strategic allocation towards defensive stocks, especially utilities, while others remain skeptical about the need for such shifts.
Source: YAHOO