Streetbeat News

Analyst Ratings

GS

IBKR

MS

RJF

SCHW

Goldman Sachs (GS) is set to report Q4 earnings on Jan. 16 with expected EPS of $3.11 and revenue of $9.84 billion. GS stock gained 11.5% in 2023, trailing Interactive Brokers Group (IBKR) but outperforming Morgan Stanley (MS), Charles Schwab (SCHW), and Raymond James Financial (RJF). Analysts focus on GS's financial strength, trading revenue, and 2024 outlook amid potential for increased M&A activities. The consensus rating is a Buy with a target of $362.29, while UBS, JPMorgan, and Barclays have higher targets. GS shares closed slightly lower at $377.75.

Portfolio Pulse from Surbhi Jain

January 15, 2024 | 1:32 pm

GBTC

Bitcoin (BTC) is expected to drop to $38,000 according to 10x Research, following a 5% decline to $42,600 after the launch of spot ETFs in the U.S. The report cites a bearish RSI divergence and potential investor shift from the Grayscale Bitcoin Trust (GBTC) to lower-fee ETFs as reasons for the predicted decline.

Portfolio Pulse from Mehab Qureshi

January 15, 2024 | 8:11 am

BTCUSD

Former Goldman Sachs executive Raoul Pal predicts a crypto bull run, citing the introduction of spot market Bitcoin ETFs and a cleared out leverage as key factors. He anticipates volatility with potential 30%-35% pullbacks due to high demand and front-running of the ETF launch. Pal suggests the real run to all-time highs will start after a month or two of market chop.

Portfolio Pulse from Bibhu Pattnaik

January 14, 2024 | 6:06 pm

MAPS

Zuanic & Associates initiated coverage on WM Technology (NASDAQ:MAPS), a leading online cannabis marketplace, with a Neutral rating. They highlight MAPS' undervaluation at 0.6x sales compared to peers and its potential in the cannabis sector with a market cap of $142 million. The report details MAPS' enterprise value, growth prospects, strategic shifts, and outlines bull and bear scenarios. The bull scenario involves leveraging market position for growth, while the bear scenario includes risks of market saturation and strategic missteps.

Portfolio Pulse from Nicolás Jose Rodriguez

January 14, 2024 | 4:00 pm

BTCUSD

Crypto analyst il Capo Of Crypto predicts a short-term rise in Bitcoin's value to around $50,000, followed by a sideways movement and then a significant decline to the $30,000 level. This forecast is based on the Elliott Wave theory and recent market trends. Bitcoin was trading at $42,828.90, experiencing a 3% decrease over the past week. The analyst also noted a potential recovery above $33,000 after finding support between $30,000 and $31,000.

Portfolio Pulse from Bibhu Pattnaik

January 14, 2024 | 2:21 pm

META

Apple analyst Mark Gurman criticized Vision Pro's virtual keyboard as a 'complete write-off,' highlighting its lack of 'magical in-air typing' and awkward usability. His disapproval comes as the tech industry shifts towards virtual keyboards, with companies like Meta Platforms showcasing similar technologies. Gurman's critique suggests challenges in perfecting this technology.

Portfolio Pulse from Sudhanshu Singh

January 13, 2024 | 5:56 am

GS

Sharmin Mossavar-Rahmani, CIO of Goldman Sachs' private wealth management group, expressed skepticism about Bitcoin ETFs, stating that Bitcoin is not a legitimate investment but rather 'total speculation'. Despite a false announcement of a Bitcoin ETF approval, which led to market volatility, Goldman Sachs has not applied for a Bitcoin ETF and advises clients against investing in cryptocurrencies. Bitcoin's price experienced a pullback, trading under $43,000 after previously crossing $49,000.

Portfolio Pulse from Rounak Jain

January 13, 2024 | 5:35 am

BLK

BTCUSD

GBTC

Kevin O'Leary, known from 'Shark Tank', has expressed skepticism about Bitcoin ETFs, citing concerns over the fees charged by issuers and doubting the survival of all 11 recently SEC-approved Bitcoin ETFs. He believes only ETFs from large firms like Fidelity and BlackRock Inc. (NYSE:BLK) will succeed. O'Leary also disagreed with Cathie Wood's prediction of Bitcoin reaching $1.5 million by 2030, unless an economic disaster occurs. He estimates Bitcoin could reach $150,000-$250,000 by 2030. Despite his doubts, he acknowledges the importance of regulatory approval for the crypto industry's progress.

Portfolio Pulse from Rounak Jain

January 13, 2024 | 4:07 am

STHZF

Zuanic & Associates initiated coverage on StateHouse Holdings (OTC:STHZF), a major player in California's cannabis market, with a neutral outlook. The company is working on brand leverage, store optimization, and debt reduction. Despite a 17% revenue drop in 3Q23, profitability and cash flow have improved. StateHouse faces challenges with a high net debt ratio and a small market cap. Bullish projections suggest a potential rise in enterprise value if it achieves a 4% market share by 2026. However, the company's success hinges on profitability, cash flow, and market conditions in California.

Portfolio Pulse from Nicolás Jose Rodriguez

January 12, 2024 | 9:39 pm

KALU

METC

RGLD

Royal Gold, Inc. will present at the CIBC conference on Jan. 17. Kaiser Aluminum Corporation declared a quarterly dividend of $0.77/share, payable on Feb. 15, with a neutral rating and a lowered price target from JPMorgan. Bragar Eagel & Squire is investigating Ramaco Resources, Inc. for potential legal violations after a report questioned the profitability of its mining claims and noted insider stock sales.

Portfolio Pulse from Austin DeNoce

January 12, 2024 | 9:21 pm