Walmart Gains as Cowen Reiterates Outperform Rating and Raises Price Target

On Monday, analysts at Cowen reiterated their Outperform rating on shares of Walmart while raising their price target to $160, up from $155. The $160 price target is based on ~29x analysts FY22 EPS estimate of $5.50, compared to consensus estimates of $4.99 per share. The Outperform rating is based on analysts believing in Walmart’s ability to accelerate its digital ad biz & drive upside to e-commerce profitability. Analysts project ad business revenue could reach $3.4bn+ by FY23 yielding 1.8% share of the digital ad market & 5% to EPS.

Walmart has some compelling prospects for ad biz growth. Walmart is in the very early innings of building its ad prowess, but analysts point to numerous positives helping to build momentum towards high growth opportunities; these include decisions to bring its media group in-house, the launch of various tools and analytics for greater control and insights for advertisers, and strong

Read More

How Big Tech became such a big target on Capitol Hill

  • The five U.S. tech giants are now valued at about $7 trillion, up from $2 trillion five years ago.
  • As lawmakers made clear in a report released this week, they view Big Tech as having dangerous monopolistic power that needs to be checked.
  • A number of things have taken place in the past decade that turned the Silicon Valley-Seattle corridor into a target for Washington politicians.



Mark Zuckerberg wearing a suit and tie: Facebook Chief Executive Mark Zuckerberg walks past members of the news media as he enters the office of U.S. Senator Josh Hawley (R-MO) while meeting with lawmakers to discuss


© Provided by CNBC
Facebook Chief Executive Mark Zuckerberg walks past members of the news media as he enters the office of U.S. Senator Josh Hawley (R-MO) while meeting with lawmakers to discuss

After a 16-month investigation into competitive practices at the largest U.S. tech companies, Democratic congressional staffers laid out their findings this week in a 449-page report. They concluded that Apple, Amazon, Facebook and Google enjoy monopoly power that needs to be reined in, whether that means breaking the companies up, blocking

Read More

Morgan Stanley Analysts Reiterate $245 Price Target, See Promising Future in Microsoft’s Gaming Business

On Thursday, Morgan Stanley analysts reiterated their Overweight rating on Microsoft (MSFT) with a $245 price target. The analysts see great upside for Microsoft ahead of new Xbox console launches and following the $7.5B acquisition of game developer and publisher Bethesda Softworks.

The long-awaited release of the Xbox Series X/S console is approaching quickly. As expected, Microsoft should experience an uptick in hardware sales driven by the increase of “work/stay/play at home” activities from consumers. “The increase in gaming hardware revenue in FY21 vs.FY20 of $779 million in our model is already pressuring our existing FY21 gross margin estimates by ~35bps”, stated by Morgan Stanley analysts.

The analysts further noted: “Microsoft’s revenue base has grown meaningfully since (MSe $156 billion revenue in FY21 vs $110 billion in FY18), thus making the margin dilutive effect less meaningful now, in our view. Despite this modest gross margin headwind, we look for FY21

Read More

Feds may target Google’s Chrome browser for breakup

Justice Department and state prosecutors investigating Google for alleged antitrust violations are considering whether to force the company to sell its dominant Chrome browser and parts of its lucrative advertising business, three people with knowledge of the discussions said Friday.

The conversations — amid preparations for an antitrust legal battle that DOJ is expected to begin in the coming weeks — could pave the way for the first court-ordered break-up of a U.S. company in decades. The forced sales would also represent major setbacks for Google, which uses its control of the world’s most popular web browser to aid the search engine that is the key to its fortunes.

Discussions about how to resolve Google’s control over the $162.3 billion global market for digital advertising remain ongoing, and no final decisions have been made, the people cautioned, speaking anonymously to discuss confidential discussions. But prosecutors have asked advertising technology experts,

Read More

J.P. Morgan Analysts Reiterate Overweight Rating on Abbott Laboratories (ABT) and Raise Price Target Ahead of 3Q20 Earnings Release

On Friday, J.P. Morgan analysts reiterated their Overweight rating on Abbott Laboratories (ABT) while raising their price target from $110 to $125. The analysts give their insight on what they expect to see from 3Q20 results for Abbott Laboratories ahead of earnings season. They like MedTech and Diagnostic businesses combined with BinaxNow, Libre 3.0 and better Fx dynamics.

The analysts forecast 3Q20 revenue sales of $8.70B (+7.8% reported, +8.6%cc) and cash EPS of $0.92 (+9.4%). This is a bit higher than the Street forecast of $8.49B (+7.0%cc) and $0.90 EPS. Similar to the last quarter, better-than-expected COVID trends will work in Abbott’s favor. Medical Devices and Diagnostics is the main factor in representing most of upside given how consensus numbers haven’t moved for recent product announcements (i.e. Binax) and commentary.

J.P. Morgan analysts mentioned, “When combined with the tailwinds the company is seeing within diagnostics from its COVID-19 test approvals,

Read More

Shopify Gets Target Boost From KeyBanc on Fulfillment Network

Shopify’s  (SHOP) – Get Report Fulfillment Network is “a full-fledged, tightly integrated fulfillment solution,” according to a KeyBanc Capital Markets analyst, who raised his price target on shares of the e-commerce software-and-services provider to $1,250 from $1,150.

Shares of the Ottawa-based company were off 1.1% to $1,054.

Analyst Josh Beck, who has an overweight rating on the stock, said the Shopify Fulfillment Network, which was launched last year, “is a full-fledged, tightly integrated fulfillment solution for Shopify merchants and includes order/inventory management solutions, branding and data controls, and access to scalable, flexible warehousing space to sell across multiple channels.”

“Following our SFN deep dive, we walk away more constructive on Shopify’s opportunity to build a new software ‘brain’ to orchestrate the fulfillment value chain,” Beck said.

Beck noted that a broad array of robotic systems has been developed to automate and optimize fulfillment across of variety of functions,

Read More

‘Starfield’ Confirmed Releasing In PC, Xbox, Target Release Date Leaked

KEY POINTS

  • Bethesda is reportedly planning to release “Starfield” in 2021
  • A new image allegedly taken from “Starfield” surfaced online
  • A Microsoft executive seemingly confirmed the gaming platforms that Bethesda games would release into

Following Microsoft’s acquisition of ZeniMax Studios, more details about Bethesda’s “Starfield” surfaced online, including leaked screenshots, gaming platforms and even its release window.

One of the major questions following Microsoft’s acquisition of Bethesda’s mother company ZeniMax is if its upcoming games would be exclusively released on Microsoft Windows and Xbox. Earlier, the Redmond-based tech titan said that they would decide about Bethesda games’ exclusivity on a case to case basis. Interestingly, Xbox Gaming Partnerships and Ecosystem VP Sarah Bond noted something interesting about this in a new blog post.

“One of the things that has me most excited is seeing the roadmap with Bethesda’s future games, coming to Xbox console and PC, including “Starfield,” the highly

Read More

Global Complex Oxide Sputtering Target Market Size will Observe Substantial Growth by 2029| American Elements, Heraeus, RHP-Technology GmbH

The MarketWatch News Department was not involved in the creation of this content.

Sep 30, 2020 (WiredRelease via Comtex) —
Opportunity Assessment For Complex Oxide Sputtering Target Market Value Statistics and Facts:

The report contains a thorough overview of the industry’s different facets that are likely to be impacted by the pandemic. Product sales of Complex Oxide Sputtering Target are surging and are expected to continue increasing between 2020 and 2029 time-frame. In addition, the report offers definitive information pertaining to the commercialization aspects, revenue estimation, and market size of the industry.

The study objectives of this market is to strategically examine each submarket with respect to individual growth Trend and Their contribution to the Complex Oxide Sputtering Target Market along with industry experts in mind to maximize return on investment(ROI) by providing clear information needed for informed business decisions. The research report studies the market in a detailed manner

Read More

Apple is the target of a new coalition created by Epic, Spotify, Match and others

The suggested principles aim to make fundamental changes to how the iPhone’s iOS software works, including breaking Apple’s strict control of how mobile apps are installed on most iPhones, through the Apple App Store. If Apple were to change course and follow the principles — an unlikely scenario without a court order or new laws — it would fundamentally alter the multibillion-dollar industry built around iOS applications and potentially give Apple less control over how customers use the thousand-dollar computers in their pockets.

A website launched Thursday by the coalition framed it as a battle between right and wrong. “Every app developer, regardless of size or the nature of the developer’s business, is entitled to fair treatment by these app stores and the platform owners who operate them,” the site reads, in a plea to regulators and lawmakers. “Together we will fight back against the monopolist control of the app

Read More

Hershey increasing e-commerce investment in Walmart, Target, Kroger

  • Hershey’s sales have dipped in the pandemic, but e-commerce has been a bright spot.
  • The company said its e-commerce growth has been “shocking,” with penetration reaching double digits across several retailers practically overnight, said Doug Straton, the candy maker’s chief digital officer.
  • He discussed how Hershey has been spending more media dollars with retailers like Walmart, Target, Kroger and Instacart at the expense of traditional TV, and the advantages that traditional retailers have over Amazon.
  • Visit Business Insider’s homepage for more stories.

 

Hershey’s sales have dipped in the pandemic, but one bright spot has been e-commerce. Doug Straton, the candy maker’s chief digital officer, said that the company’s online sales growth has been “shocking,” with penetration reaching double digits across several retailers practically overnight. 

As the Hershey Co. — along with its competitors — gears up for Halloween, Business Insider caught up with Straton on how the company is doubling

Read More