IBM continued to refrain from publishing an outlook for the quarter or full year, but we expect the final quarter will see strong sequential growth due to IBM’s seasonality despite another expected quarter of annual declines. We’ve also increased our expectations for the year, leading us to raise our fair value estimate for the narrow-moat name to $125 per share from $120.
We lowered our fair value estimate for Gilead to $77 per share.
We don’t anticipate making a material change to our $56 fair value estimate for Morgan Stanley and assess shares as fairly valued.
We don't anticipate on changing our fair value estimate for the wide-moat company, and we assess the shares as undervalued.
We’re hoping that fourth quarter results will show a bottom for net interest income, and that a gradual recovery in fees will continue for Wells. Regarding expenses, management said it will give more details on the next call. After updating our projections with the latest results, we are decreasing our fair value estimate to $45 per share from $46.
Despite uncertainty regarding economic outlook and future credit developments, we are maintaining our fair value estimate for the wide-moat firm.
We plan to increase our fair value estimate to $112 for this wide-moat bank.
Despite a conservative 2021 outlook, we're maintaining our fair value estimate for the narrow-moat company.
We believe shares are overvalued for this narrow-moat tech company.
We are modestly raising our fair value to $43 per share from $42.50 after adjusting our model for quarterly results. We see the stock as the best value in our U.S. airline coverage.
After updating our projections for the latest quarterly results, we decrease our fair value estimate to $68 per share from $71 per share.
We're raising our fair value estimate to $620 for the wide-moat asset manager.
The wide-moat company reported above our expectations, and we expect to slightly increase our fair value estimate.
We expect to increase our fair value estimate for the wide-moat fast-food chain.
Our fair value estimates remain for both of the technology companies, but we think this deal would give AMD and Xilinx a competitive edge against Intel and Nvidia.
We don't expect to change our fair value estimate for narrow-moat Morgan Stanley.
The narrow-moat company claims this will help its remaining business focus on its hybrid cloud solutions.
The nearly $7 billion deal values the asset manager at $56 a share.
Third Point’s Daniel Loeb sent urging a halt to the firm’s dividend payout policy to reallocate toward financing the production of additional original content for its streaming platforms.
The Keystone XL is more in question than the Line 3 replacement.
We're unlikely to alter our fair value estimates for either narrow-moat firm.
We maintain our $140 fair value estimate for this wide moat.
Palantir, which we have given a narrow moat, sells software platforms aimed at solving big data integration and analytics challenges for government and commercial clients.
We are maintaining our fair value estimates and moat trends for both of these companies in the utilities sector.
Based on the data, we've increased our assumed probability of approval for the REGN-COV2 antibody cocktail to 100% from 60%.
We suggest investors await a more attractive entry point despite our favorable view of the firm and its competitive advantages.
Following the Tesla battery day event, lithium producer stock prices plunged. We see no change to our outlook for lithium.
We expect to increase our fair value estimate by about 13%.
We expect to increase our per share fair value estimate of $100.
Our fair value estimate remains for the wide-moat company, but we think the acquisition suggests gaming is becoming more important internally.
Prior to Ginsburg's death, the court looked likely to uphold the Affordable Care Act, but without her vote, the path to upholding the law has become more complicated.
This leaves the FOMC plenty of room to maintain rates at zero for some time, and the committee will not be likely to preemptively raise rates to combat inflation.
Wide-moat Adobe ADBE reported strong third-quarter results, and provided quarterly guidance that was generally in line with Street expectations. Given results, we are raising our fair value estimate to $400 per share, from $350.
We recommend prospective investors wait for a wider margin of safety before investing in Apple.
No-moat Carnival printed preliminary third-quarter results that included a $1.7 billion adjusted net loss.
We are maintaining our fair value estimate for the company until we get further details.
ARM was a wide-moat-rated firm, and we believe it is likely this cash/stock deal would enhance Nvidia’s narrow moat even further.
Despite the hold on vaccine development, we are not changing our fair value estimate or moat rating for the company.
We expect continued good results from the no-moat company and maintain our fair value estimate.
We are raising our fair value estimate to $50 after the automaker announced it is receiving $2 billion of stock in Nikola, a hydrogen and electric vehicle maker.
We are not changing our fair value estimate for either firm.
The no-moat company's operating loss was not as bad as we feared. We view shares as undervalued.
We still cannot support the current share price within our discounted cash flow model.
The wide-moat company is putting its capital to work, but we believe it will take more for Berkshire to push its cash balance below the $150-billion threshold.
We think Abbott's new antigen test will increase diagnostic testing capacity in the U.S. We are raising our fair value estimate for the narrow-moat company.
Based on strong results and guidance we are substantially raising our fair value estimate to $253 per share, from $202 for wide-moat Salesforce. That said, like many software stocks, shares of Salesforce have run and we view them as approximately fairly valued.
Target’s balanced online and in-store growth in the quarter (with the latter seeing 11% comparable expansion despite the pandemic and rising e-commerce penetration) reinforces our faith in its use of stores as omnichannel fulfillment centers, but the shares’ trading price leaves no room for error despite accelerating retail digitization that creates cost and price pressure. So, we suggest long-term investors await a more attractive entry point.
We are raising our Nvidia fair value estimate to $250 per share from $200, as we incorporate a stronger near-term outlook.
This acquisition reinforces the intangible assets supporting J&J's wide moat, and we plan to raise our fair value estimate for Momenta.
We think Microsoft and Twitter are better fits for TikTok.