Broadcom, Trade Desk, AppLovin And A Big Bank On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts discussed Broadcom, Trade Desk, Goldman Sachs, and AppLovin. Broadcom reported strong earnings, Trade Desk received a Buy rating, Goldman Sachs faces a trading revenue decline, and AppLovin hit a 52-week high with a raised price target.
September 12, 2024 | 12:45 pm
News sentiment analysis
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NEUTRAL IMPACT
Goldman Sachs faces a 10% decline in trading revenue, but investment banking shows improvement. The stock rose 0.9%.
While trading revenue is expected to decline, improvements in investment banking may offset negative impacts, resulting in a neutral short-term outlook.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
AppLovin hit a 52-week high and received a Buy rating with a raised price target from B of A Securities.
AppLovin's 52-week high and a raised price target from a major analyst suggest a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Broadcom reported strong Q2 earnings and revenue, beating analyst estimates. The stock is considered a good buy by Kari Firestone.
Broadcom's strong earnings and revenue performance, along with positive analyst sentiment, suggest a likely positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The Trade Desk received a Buy rating from Needham with a $115 price target. The stock gained 1.9% recently.
The reiteration of a Buy rating and a positive price target from Needham is likely to support a positive short-term price movement for The Trade Desk.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80