LB Takeaway | Amazon price target raised by 10% to $165, Apple is still trustworthy

Piper Sandler: Reaffirms Apple's "Overweight" rating, $195 price target

If calculated at yesterday's closing price of $157.35, this price means that there is still 24% room for improvement!

Apple's revenue and profit improved slightly in the fiscal third quarter, and in the current macro environment, Apple's iPhone business does not appear to be significantly affected. In addition, analysts said the Chinese market opened up supply at the end of June, which allowed some pent-up demand to be met.

Currency fluctuations and falling revenues have weighed on the profit structure, "but we think it's temporary". Analysts see Apple as a "premium and trustworthy stock".

Jefferies raises Amazon price target by 10 % from $150 to $165

If calculated at yesterday's closing price of $122.28, this price means that there is still 35% room for improvement!

Citi: Maintains "Buy" rating on Meta Platforms, cuts price target by 18% to $222 from $270

If calculated at yesterday's closing price of $160.72, this price means that there is still 38% room for improvement!

The bank believes that while the company's user stickiness is the best ever, lower earnings due to a hybrid transition to short-video product Reels, losses from Apple iOS privacy rule changes, and macro headwinds have all impacted Revenue growth and profitability. But with Reels now hitting $ 1 billion in annual recurring revenue and monetization growing faster than photo and video sharing feature Facebook Stories, analysts believe Meta can close the gap between Reels and feed and Stories monetization gap.

Citi: Maintains Shopify's "Neutral" rating, trims price target to $36 from $37

At yesterday's closing price of $35.91, this price means that it is basically flat.

The bank noted that Shopify's second-quarter results showed signs of a rapid slowdown in growth amid the normalization of e-commerce and broader consumer spending challenges. Analysts remain concerned about slowing consumer spending and the company's lack of profitability.

Wells Fargo: Maintain Qualcomm's "hold" rating, raise price target by 11% to $150 from $135

If calculated at yesterday's closing price of $146.45, this price means that there is still room for 2% upside!

The bank noted that Qualcomm's fiscal third-quarter results were slightly better than expected, but guidance for the fourth quarter was weaker. Given the recent weakness in the smartphone market, many investors have long expected Qualcomm's fiscal fourth-quarter outlook. Therefore, the bank does not expect Qualcomm's stock price to face significant pressure after issuing weak guidance.

CICC: Maintain New Oriental's "Outperform Industry" rating, raise target price by 10.7% to $31

If calculated at yesterday's closing price of $29, this price means that there is still 7% upside!

The bank said that considering the recovery of New Oriental's retention business, the gradual increase in the contribution of new business revenue, and the sharp drop in costs compared with the same period last year, it is expected that the company's non-US generally accepted accounting principles (Non-GAAP) operating profit in fiscal year 2023 will be able to achieve a small profit. The first fiscal quarter is usually the peak season for the company's study abroad preparation business. The profit level in the first quarter may be higher than other quarters, and the company's profit recovery is earlier than market expectations.