The unceasing growth of Big Tech has been an article of faith for investors since the latest stock market rally began in October 2022. But with an uninspiring earnings outlook for the rest of 2024, other corners of the market will likely be needed if share prices are to keep soaring. “To have a similar … Read more
We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Zomato: Underperform| Target Rs 96Macquarie maintained an underperform rating on Zomato with a target price of Rs 96. The competitive intensity is rising. Multiple incumbent e-commerce platforms have announced renewed ambitions in Qcom. The global investment bank … Read more
Bank of America (BofA) has resumed its coverage on One 97 Communications with ‘Underperform’ rating and a target price of Rs 400 which is a 3% downside from the Monday closing price of Rs 412.20 on the NSE. The company which operates Paytm is expected to witness a gradual growth in its lending business, the … Read more
A host of similarities between tech stocks now and previous bubbles suggest the Magnificent Seven is nearing — but not yet at — levels that may lead it to pop, according to Bank of America Corp. strategists. They cite a handful of indicators, such as bond yields, valuations and price action, that suggest there are … Read more
Brokerage firm Macquarie maintained a neutral rating on Paytm, BofA Securities recommended a neutral rating on Sun Pharma, and Elara Capital maintained an accumulate rating on KEC International and M&M Financial Services. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Paytm: Neutral| Target Rs 650 … Read more
