Backed by recent price action, Wall Street analysts feel comfortable boosting their valuations.has been the darling of the entire stock market since the aftermath of the COVID-19 pandemic, and most stocks in the space easily delivered double-digit rallies for investors. However, not all stocks in the sector are made—or treated—equal, which is where investors can find some new opportunities to exploit in a catch-up strategy.
Those at Mizuho Financial took the lead last quarter when boosting their valuations for PayPal stock up to $90 a share. Still, after a sharp rally to get there in record time, new valuations have been placed on the company. This time, Mizuho wants to see PayPal at $100 a share and reiterated an Outperform rating on the company as well.
Confidence can be justified further by today’s Wall Street earnings per share forecasts for PayPal, which shoot for $1.30 a share in 12 months. This implies a growth rate of 9.2% from today’s $1.19 level.After a more than 12% sell-off in Google's parent company, Alphabet, investors forgot how vital this company is to the global economy and how likely it was to pose a recovery rally shortly thereafter.
After a disappointing quarterly earnings release, shares of ASML dropped by as much as 16% in a single day, though today’s prices might not remain there for long. Investors can dismiss the previous bearish momentum mainly because the stock’s valuation multiplies.
مصر أحدث الأخبار, مصر عناوين
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