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Ferrari's stock price target has been lowered by JPMorgan Chase & Co. from $525 to $460, suggesting an 11.18% upside potential. The stock currently holds a "Moderate Buy" rating, with three analysts rating it as a hold and seven as a buy. Recently, hedge funds have significantly increased their stakes in the company, reflecting strong institutional interest.
Marshall Wace LLP increased its stake in Okta to 3,583,937 shares, valued at $282.4 million, while Norges Bank acquired a new stake worth approximately $235 million. Other institutional investors, including Geode Capital and Point72, also boosted their positions significantly during the fourth quarter. Analysts have raised price targets for Okta, with JPMorgan setting a new target of $105, indicating a potential upside of 16.54%. Despite a Hold rating, the stock has seen increased interest, with institutional ownership at 86.64%.
Insiders have sold over 23 million shares of EVgo, totaling approximately $116 million, while hedge funds have increased their stakes, with State Street Corp growing its position by 25.3%. Analysts have mixed ratings on the stock, with a consensus target price of $6.22, despite a recent price target reduction by UBS Group to $5.00. EVgo reported a quarterly revenue increase of 92.3% year-over-year, but missed EPS estimates, reflecting ongoing challenges in the market.
JPMorgan Chase & Co. increased its stake in Boot Barn by 56.5% in Q3, owning 141,305 shares valued at $23.6 million. UBS upgraded Boot Barn to a "buy" rating with a target price of $210, while the stock has a consensus rating of "Moderate Buy" and a target price of $170.75. Boot Barn reported a quarterly EPS of $0.95, exceeding estimates, with revenue up 13.7% year-over-year.
Marshall Wace, a prominent London hedge fund with $69 billion in assets, has opened a new office in Abu Dhabi, joining the trend of global investment firms expanding in the UAE capital. The office will initially employ around six staff members, with plans to potentially relocate a partner to the city.
Coterra Energy Inc. (NYSE: CTRA) has a "Moderate Buy" rating with a consensus target price of $32.47. The company reported Q3 earnings of $0.32 per share, missing estimates, but revenue increased to $1.36 billion. Coterra recently declared a quarterly dividend of $0.21 per share, yielding 3.14%.
Marshall Wace LLP increased its stake in Western Union to 3,337,466 shares, valued at $40.78 million, while M&G Plc entered a new position worth approximately $12.05 million. Analysts have downgraded the stock, with UBS Group setting a target price of $12.00, indicating a potential upside of 8.11%. Western Union's stock recently traded down 3.9% to $11.10, with a market cap of $3.75 billion and a PE ratio of 6.80.
Victory Capital Management Inc. has increased its holdings in WisdomTree, owning 1,922,414 shares valued at $19.05 million after acquiring 923,994 additional shares. Meanwhile, Marshall Wace LLP raised its stake by 82.3%, now holding 772,543 shares worth $7.66 million. Institutional investors currently own 78.64% of WisdomTree, which operates as an ETF sponsor and asset manager. Recent analyst ratings show a "Moderate Buy" consensus, with UBS Group raising its price target to $14.00, indicating a potential upside of 32.33%.
Marshall Wace LLP
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Ferrari stock target price lowered amid mixed analyst ratings and market performance
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14:19 27.03.2025
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11:22 30.11.2024
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20:40 24.10.2024
wisdomtree sees increased institutional investment and positive analyst ratings
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17:51 22.10.2024
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