December 04, 2023: Hold onto your hats, investors! Wall Street’s brightest just blessed four stocks with bullish calls. Buckle up for the rundown:
GM: General Motors revs up from “neutral” to a hot “buy” thanks to HSBC. They’re gushing about cost cuts in electric vehicles, predicting profits that’ll leave jaws on the floor. GM’s stock already jumped pre-market, so listen up, car fans!
VZ: Verizon’s got Exane BNP Paribas singing its praises, slapping an “outperform” rating on the telecom giant. They’re betting big on Verizon’s upcoming earnings, whispering sweet nothings about solid subscriber growth and a juicy $47 price target.
Carvana: Buckle up, used car enthusiasts! JPMorgan Chase is throwing Carvana a lifeline, upgrading their rating to “overweight.” They’re betting on a turnaround after a rough patch fueled by a used car market still firing on all cylinders.
CyberArk: Feeling cybersecure? You should be because Wells Fargo just upgraded CyberArk to “outperform.” They’re smitten with CyberArk’s cloud-based security solutions, predicting smooth sailing for this tech leader.
So, what’s the takeaway? Analysts are bullish on growth, especially in electric vehicles, telecom, and cybersecurity. Time to dust off your portfolios and get ready for a wild ride!
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