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AMD To Rally Over 20%? Here Are 10 Other Analyst Forecasts For Monday

Keybanc raised the price target for Advanced Micro Devices, Inc. (NASDAQ: AMD) from $110 to $150. Keybanc analyst John Vinh maintained an Overweight rating. AMD shares rose 3.2% to close at $124.92 on Friday.
byLisa Levin
June 12, 2023
2 minute read
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  • Keybanc raised the price target for Advanced Micro Devices, Inc. (NASDAQ:AMD) from $110 to $150. Keybanc analyst John Vinh maintained an Overweight rating. AMD shares rose 3.2% to close at $124.92 on Friday.
  • JP Morgan boosted the price target for Carnival Corporation (NYSE:CCL) from $11 to $16. JP Morgan analyst Matthew Boss upgraded the stock from Neutral to Overweight. Carnival shares rose 2.7% to close at $13.09 on Friday.
  • Citigroup cut the price target for U.S. Bancorp (NYSE:USB) from $39 to $33. Citigroup analyst Keith Horowitz maintained a Neutral rating. U.S. Bancorp shares fell 1.1% to $32.51 in pre-market trading.
  • HSBC slashed VNET Group, Inc. (NASDAQ:VNET) price target from $6.6 to $2.9. HSBC analyst Helen Fang downgraded the stock from Buy to Hold. VNET Group shares fell 1.6% to $3.05 in pre-market trading.
  • B of A Securities lowered Duke Energy Corporation (NYSE:DUK) price target from $112 to $110. B of A Securities analyst Julien Dumoulin-Smith maintained the stock with a Buy rating. Duke Energy shares fell 0.5% to close at $91.52 on Friday.
  • Morgan Stanley slashed Expensify, Inc. (NASDAQ:EXFY) price target from $9 to $5. Morgan Stanley analyst James Faucette downgraded the stock from Equal-Weight to Underweight. Expensify shares fell 3.5% to $6.92 in pre-market trading.
  • UBS raised Cardinal Health, Inc. (NYSE:CAH) price target from $93 to $97. UBS analyst Kevin Caliendo maintained the stock with a Buy. Cardinal Health shares rose 1.7% to close at $86.77 on Friday.
  • JP Morgan cut the price target for NIO Inc. (NYSE:NIO) from $10 to $8.5. JP Morgan analyst Nick Lai maintained a Neutral rating. NIO shares rose 3.8% to $8.02 in pre-market trading.
  • Jefferies raised Shopify Inc. (NYSE:SHOP) price target from $44 to $65. Jefferies analyst Samad Samana maintained a Hold rating. Shopify shares rose 3.5% to close at $61.36 on Friday.
  • Needham increased Fabrinet (NYSE:FN) price target from $120 to $150. Needham analyst Alex Henderson maintained a Buy. Fabrinet shares rose 0.8% to close at $113.02 on Friday.
  • Morgan Stanley raised SentinelOne, Inc. (NYSE:S) price target from $15 to $20. Morgan Stanley analyst Hamza Fodderwala upgraded the stock from Equal-Weight to Overweight. SentinelOne shares fell 2.5% to close at $14.55 on Friday.

 

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Cannabis Giant Tilray Reports 30% YoY Increase In Q3 Net Revenue, Updates FY 2024 Guidance

By Jelena Martinovic
April 9, 8:48 AM
Tilray Brands reported on Tuesday financial results for its third quarter ended Feb. 29, 2024, revealing $188.3 million in net revenue, representing a 30% year-over-year increase. The Canadian medical cannabis company said beverage-alcohol net revenue increased 165% over the same period to $54.7 million. Global cannabis net revenue was up 33% year-over-year reaching $63.4 million, with international cannabis growth of 44% over the prior year quarter. "We made several notable achievements during the third quarter, including growing revenue across our core business segments, increasing our adjusted gross profit, reducing our convertible debt balance, progressing the integration of our recently acquired craft beverage brands, realizing operating synergies in integrating our HEXO acquisition, completing our Canadian and international cannabis cost reduction plans, and strengthening our balance sheet," Irwin D. Simon, the company's chairman and CEO, said.

TLRY