Forex
Wall Street comments on Microsoft, Activision Blizzard, Twitter, and other stocks

The latest commentary on Microsoft, Activision Blizzard, Twitter, Meta, and some other stocks, straight from Wall Street. What are the best stocks to buy now?
Wells Fargo lowered its target price for Microsoft stock to $350 from $400, maintaining an “above market” rating
The bank acknowledges that the situation in Q4 is certainly challenging, as key early indicators of a recession are becoming increasingly clear. While these macro issues could put various sub-segments of Microsoft’s business at risk and stifle some of the impressive pace of recent growth, Wells Fargo does not believe the impact of the current climate changes any element of Microsoft’s underlying value proposition or competitive positioning.
Moreover, if the market downturn leads to the need to develop IT spending at businesses around the world, it sees Microsoft as one of the best companies to gain additional stocks today.
Activision Blizzard Inc. stocks today
Activision Blizzard Inc. stocks today are trading about 17% below the agreed-upon takeover price for Microsoft Corp. amid fears that regulators could block the deal. but MoffettNathanson sees the spread as an opportunity. The firm upgraded Activision’s stock to “above market” from “at market,” writing about the potential benefits on arbitrage related to the deal, though it doesn’t believe the merger will close immediately.
Jefferies commented on Twitter’s disappointing results
Jefferies commented on Twitter (NYSE:TWTR) disappointing results. The firm noted advertising revenue growth of only 2% while costs continued to rise. Jefferies blamed this on a weakening advertising market.
The firm believes that TWTR is interested in negotiating a deal with Ilon Musk below $54.20, given that Musk could incur significant costs if he drags it out. Jefferies believes that if Musk appeals the court’s decision (which will likely happen in late ’22), it could take another 3-4 years to fully resolve the case. If the case drags on, TWTR’s valuation could be further reduced, further forcing the company to settle for a lower price.
Wall Street stocks today: Raymond James upgraded Travelers’ rating
Raymond James upgraded Travelers (NYSE:TRV) stock from neutral to “actively buy” as it stands a good chance of outperforming expectations on a relative basis. Specifically, the firm expects Travelers’ business insurance segment contract renewal prices to exceed loss costs in 11 of the last 13 quarters, combined with improved risk selection tools, to further improve underlying margins.
Wall Street stocks to buy: Mizuho lowered its target price for Meta
Mizuho lowered its target price for Meta Platforms* Inc. (META) stocks today to $250 from $325, maintaining a “buy” rating, as a review of leading ad agencies showed that seasonal spending growth in Q2 was about one-third of normal levels. The firm noted that the shift in revenue mix toward Instagram Reels, as well as privacy issues in iOS, are also hurdles.
Morgan Stanley
Morgan Stanley called jd.com (JD) a “catalyst-driven idea.” The bank thinks the catalyst could be a higher-than-expected revenue growth forecast when jd.com next reports earnings in August.
Morgan Stanley downgraded Snap (NYSE: SNAP) stock from “above market” immediately to “below market,” and its target price from $17 to $8
The bank cited concerns about the company’s revenue and earnings outlook, given disappointing Q2 results, Q3 trends and some specific issues. The lowered target reflects a 12% and 26% decline in revenue in 2022/2023, respectively. The bank also noted the growing threat of competition, mainly coming from TikTok.
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
How is the Australian dollar doing today?
- Forex2 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Forex2 years ago
The dollar is down again against major world currencies