Intel stock has been experiencing a rough patch lately, with many investors losing faith in the semiconductor giant. However, according to top analyst Stacy Rasgon, now is not the time to buy. In a recent interview with TipRanks.com, Rasgon advised against investing in Intel stock, citing a number of reasons why it may not be a wise choice at the moment.
Palantir Technologies Inc.’s shares soared by over 10% in after-hours trading on Wednesday following the release of its impressive fourth-quarter earnings report.
According to a recent report by one Wall Street analyst, Palantir’s stock is expected to drop by 13% in the near future. This news has sent shockwaves through the investing community, as Palantir has been a popular stock among retail investors.
Strong Performance
DraftKings has been performing well in the rapidly growing online sports betting and fantasy sports market. The company’s strong financial performance and growing user base have caught the attention of investors and analysts alike.
GameStop’s stock plunged further on Monday as investors continued to sell off their shares, with one analyst declaring that the demise of the struggling retailer’s stock was inevitable.
Target Price
The analyst set a target price for Google at $2,000 per share, citing strong revenue growth and expanding market share as driving factors.
Analyst’s Verdict
According to market analysts, the recent downturn in Bitcoin’s price was mainly a result of the US dollar gaining strength against other major currencies. This caused some investors to shift their focus away from cryptocurrencies, leading to a decrease in demand for Bitcoin.
Analysts have reset their stock price targets for Micron Technology following the company’s recent earnings report. The semiconductor company reported strong earnings, but concerns surrounding distribution have caused analysts to adjust their projections.
Bitcoin (BTC) and other cryptocurrencies are facing potential risks following the recent Federal Open Market Committee (FOMC) meeting, according to analysts. The meeting discussed possible interest rate hikes and tapering of asset purchases, which could impact the prices of digital assets.
Bitcoin exchange-traded funds (ETFs) experienced a rapid surge in popularity on Wednesday, with over $1 billion worth of assets being allocated in just one day. This significant increase in investment signifies a growing interest in the cryptocurrency market.
