LB Takeaway | Amazon, Li Auto price target boosted while Roku's cut by 54%

Wedbush: Maintain Apple's "Outperform" rating, target price of $200

Based on the previous trading day's closing price of $162.51, this price means that there is still 23% room for improvement!

Analysts said Apple's third quarter of fiscal 2022 was "strong" and its "barometer" of results was a major positive for the market. Analysts are increasingly optimistic that Apple can weather the current recession storm with strong demand and growth stories for iPhones and services.

Credit Suisse: Maintains Apple's "Neutral" rating, cuts price target to $166 from $169

If calculated at the closing price of the previous trading day, this price means that there is still 2% room for growth!

The bank noted that Apple's broader ecosystem continues to be supported by services and a growing installed base, while the company grapples with supply constraints. The bank added that increasing macro uncertainty, inflationary pressures and a repricing of a strong dollar will likely adversely affect product demand and push Wall Street analysts to cut their forecasts for Apple's revenue.

UBS: Maintains Amazon's "Buy" rating, raises price target by 8% to $180 from $167

Based on the previous trading day's closing price of $134.95, this price means that there is still 33% room for improvement!

The bank said Amazon's second-quarter results grew strongly, while its third-quarter revenue growth guidance of 13% -17% also beat market expectations. Analysts added that Amazon's fulfillment charges and cost of goods sold were lower than expected, which were partly offset by higher marketing costs.

Needham: Maintains Roku's "Buy" rating, lowers price target by 54% to $95 from $205

Based on the previous trading day's closing price of $65.52, this price means that there is still 45% room for improvement!

The bank cited Roku's non-cash accounting charges as the main reason for its worse-than-expected revenue. Analysts added that Roku's guidance could prove too conservative, as Roku has signed $ 1 billion in upfront deals and political advertising should help its fourth-quarter revenue growth.

Deutsche Bank: Maintain Intel's "Hold" rating, cut price target by 16% to $38 from $45

Based on the previous trading day's closing price of $36.31, this price means that there is still 5% room for improvement!

The bank said the extent to which Intel's second-quarter results were worse than expected was shocking. Analysts believe Intel's weak results could further cement the company's "storytelling" image until investors see more visible progress in its manufacturing technology, product competitiveness and financial returns.

Morgan Stanley: Maintains HSBC Holdings' "in sync with the market" rating, target price rose 4% to HK $61.3 from HK $59

If calculated at today's closing price of HK $51.85, this price means that there is still 18% room for growth!

The bank said the company's second-quarter performance was strong, with underlying pre-tax earnings up 7%/27% year over year/quarter to $5.97 billion, beating market expectations by 22%; quarterly revenue of $13.1 billion, also beating market expectations 2%. HSBC's return on tangible equity (RoTE) guidance for next year rose to more than 12%, the bank said, mainly due to the expected net interest income performance and cost savings to continue into next year.

CITIC Securities: Maintains Li Auto Inc. -W "Buy" rating, price target raised 6% to HK $165 from HK $155

Based on today's closing price of HK $134.1, this price means that there is still 23% room for growth!

The bank said that it is optimistic about the company's range extension & pure electric dual technology route. 1) Range extension technology: The range extension technology solution has a comparative advantage over fuel vehicles. While reducing fuel consumption, it can easily realize intelligent applications. The range extension path will still have strong product competitiveness in the next 5-10 years. The bank expects that by 2024 Ideal will have 4-5 products in the range extension product line. 2) Pure electric technology: It is planned to launch pure electric platform products in 2023, and release at least two new products every year. The bank believes that from the extended range path to the pure electric path expansion, risks and opportunities coexist. If the pure electric platform product definition is successful and the quality is stable, it will open the second curve of medium and long-term growth. Under the pure electric platform, Whale and Shark focus on the differentiated home market. The bank expects the company to sell 17.5/39/750,000 vehicles in 2022-24, of which 17/35/510,000 vehicles are sold for extended-range path products and 0.5/4/240,000 vehicles are sold for pure electric path products.