Editor/Jeffrey
Jeffery: Bullish on Uber's earning potential, with a price target of $80
Jefferies analyst Brent Thill said the maintenance was on the $UBER. US) $ stock "Buy" rating, given a $80 target price.
Uber previously announced that it plans to achieve two goals of 165 billion to $175 billion in total orders and $5 billion in EBITDA in 2024. The analyst said that while investors may want more room for upside, both targets are in line with their estimates. He also said the two goals were conservative and showed early signs of the company's "significant profit potential."
The analyst said Uber was "still in its early stages" of using its platform advantages to penetrate the transportation market.
As of press time, Uber was down 1.76 percent at $34.67 ahead of the session.
Citi: Reiterates Forex Holdings' "Buy" rating and raises its target price to HK$68.8
Citi published a research report reiterating its $00005.HK" "buy" rating and raising its price target from HK$57.2 to HK$68.8.
The bank said that it forecasts earnings per share of 11% to 15% from 2022 to 2025, mainly due to the higher expectations of interest rate hikes in the United States and the United Kingdom, so it expects an increase in huicon net interest income.
The bank expects HSBC Holdings' target of a return of about 10% on tangible equity as early as 2023.
HSBC Holdings closed at HK$59 today, the same as last Friday's closing price.
According to Futu Niu data, as of February 11, HSBC Holdings Citi held 3.32% of the shares.
Jeffery: Gave SMIC a "Buy" rating, raising the target price to HK$32.08
Jeffery published a research report giving $SMIC (00981.HK) $$"" a "buy" rating, raising its target price from HK$30.97 to HK$32.08.
The bank said it was optimistic about SMIC, and said that SMIC's fourth quarter performance last year was consistent with expectations, but its operating income and net profit exceeded expectations.
The bank believes that chip demand remains strong given that China is pushing for electric vehicles, smart grids and industrial digitalization, but after 2023, the tightness of chip supply will be reduced, when average selling prices and utilization may have some potential downward pressure.
SMIC closed up 0.25% to hk$20.2 today.
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