TipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, including Marvell and Bank of America.
said he believes that the entire semiconductor industry is going through a"purgatory" phase during this earnings season, in which investors prefer to stay on the sidelines despite an expectation of fundamental strength in revenues and per-share earnings metrics.
The analyst expects the company to be among the ones that are likely to benefit from an easing of the supply chain bottlenecks. However, the supply-side benefits are expected to be balanced by a slowdown in demand for the rest of 2022, prompting Seymore to cut his price target for Global Foundries to $55 from $70.
Seymore reiterated a buy rating on GFS stock, keeping its strong longer-term prospects in mind. The analyst holds the No. 16 position among almost 8,000 analysts on the TipRanks database. He has been successful on 74% of his ratings, generating a 24% return per rating on average.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Verizon falls well short of Wall Street's prediction of net new phone subscribers during Q2Verizon reported much fewer net new phone subscribers during the second quarter than Wall Steet expected.
Consulte Mais informação »
Wall Street Journal, New York Post editorial boards condemn Trump's behavior on Jan. 6Two U.S. newspapers' editorial boards sharply criticized Trump yesterday for his inaction as a mob of his supporters stormed the halls of Congress during the Jan 6. Capitol Riot.
Consulte Mais informação »
Stock Futures Fall Slightly as Wall Street Braces for a Busy Week of Earnings, Fed MeetingInvestors prepare for a stacked week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve.
Consulte Mais informação »
Stock Futures Are Little Changed as Wall Street Braces for a Busy Week of Earnings, Fed MeetingInvestors prepare for a stacked week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve.
Consulte Mais informação »
Stock Futures Fall Slightly as Wall Street Braces for a Busy Week of Earnings, Fed MeetingInvestors prepare for a stacked week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve.
Consulte Mais informação »
Analysts see no lift for downbeat cannabis stocks from Chuck Schumer's billAn ambitious and long-awaited cannabis bill from Senate Majority Leader Chuck Schumer is unlikely to pass and will not likely stoke interest in U.S. cannabis stocks, analysts say.
Consulte Mais informação »