UBS gave its Nvidia earnings preview, in which it upped its full fiscal year earnings estimates. Meanwhile, Piper Sandler upgraded Robinhood to overweight from neutral. Check out the latest calls and chatter below. All times ET. 5:50 a.m.: UBS lays out earnings expectations for Nvidia UBS is remaining bullish on Nvidia heading into the artificial intelligence giant's earnings report.
mountain NVDA year to date — Alex Harring 5:50 a.m.: Piper Sandler upgrades Robinhood Investors should scoop up shares of Robinhood after their recent pullback, according to Piper Sandler. Analyst Patrick Moley upgraded the online brokerage to overweight from neutral. His price target of $23, up from $20, implies a gain of 28.3% over the next 12 months. Robinhood shares have been on fire this year, soaring more than 40%. To be sure, they are down nearly 28% from a 52-week high.
mountain HOOD year to date "We think this pullback presents an attractive entry point into an innovative, fast growing brokerage platform," Morley wrote. "In the near term, we expect headwinds from future rate cuts to be largely offset by the second order effects of increased trading activity and margin loan growth. We also expect HOOD to benefit from the launch of a new web-based trading platform and the rollout of index options & futures trading later this year.