© Reuters.
ADBE
-0.61%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
MRVL
+0.07%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
HE
+10.56%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
CRSP
+3.27%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Adobe, Hawaiian Electric, Marvell, and CRISPR Therapeutics.
InvestingPro subscribers got this news first. Never miss another market-moving headline.
Adobe upgraded to Buy on AI potential
BofA Securities upgraded Adobe Systems (NASDAQ:ADBE) to Buy from Neutral and raised its price target to $630.00 from $575.00, given the company’s potential to harness AI for substantial additional revenue in FY24.
“Adobe is ahead of the curve, and we believe that AI offerings (such as generative AI-powered content creation tool Firefly) are likely to begin driving meaningful revenue/FCF upside as soon as FY24.”
The bank identifies several potential avenues for AI monetization, such as (1) offering paid subscriptions for Firefly, (2) selling credit packs for Firefly usage, and (3) establishing custom agreements with global brands to integrate data and LLMs with Adobe’s services.
Hawaiian Electric upgraded to Equal Weight following a 65% stock price drop
Wells Fargo upgraded Hawaiian Electric Industries (NYSE:HE), the largest electricity supplier in Hawaii, to Equal Weight from Underweight with a price target of $8.00 (from $25.00), as reported in real-time on InvestingPro.
Shares have fallen by more than 65% since Aug 8, as the company faces litigation and a financial crisis over indications that its power lines may have had a role to play in igniting Maui’s deadly wildfires.
The Wall Street Journal reported on Wednesday that the company is in talks with restructuring-advisory firms over the options it has to address its financial and legal hurdles.
Two more upgrades
Marvell Technology (NASDAQ:MRVL) shares rose more than 1% pre-market today after B. Riley upgraded the company to Buy from Neutral and raised its price target to $75.00 from $60.00.
The company is set to report its Q2/24 earnings on Aug 25. Street estimates stand at $0.32 for EPS and $1.33 billion for revenues.
Citi upgraded CRISPR Therapeutics (NASDAQ:CRSP) to Buy from Neutral with a price target of $70.00.
“We no longer believe that the current valuation sufficiently captures the commercial opportunity for exa-cel and the risk-adjusted opportunity for the CAR-T pipeline given shares have declined ~30% since May 2023.”
Get ready to supercharge your investment strategy with our exclusive discounts.
Don’t miss out on this limited-time opportunity to access cutting-edge tools, real-time market analysis, and expert insights. Join InvestingPro today and unlock your investing potential. Hurry, the Summer Sale won’t last forever!
Source: Investing.com
