Wall Street specialists updated their recommendations on shares that Cedears has on the local stock market.
At the end of last week, some of the most important investment firms in Wall Street updated their ratings actions of companies very popular, which are quoted locally as cedars. In all cases, The conclusion was more than positive.
It should be noted that the cedars o Argentine Certificates of Deposit are financial instruments that are traded on the local stock market in both pesos and dollars and represent “portions” of shares from abroad.
They are very attractive because they allow avoid local riskthey continue the evolution of the CCL dollar and the vast majority distributes attractive dividends in dollars quarterly that are automatically deposited into the investor’s account.
Wall Street trusts eBay
First of all, Citizens JMP improved its recommendation on eBay (EBAY)elevating it from “market performance” to “superior performance”. In addition, specialists set a target price of US$115, which would imply a growth of 19% from the current price.
According to the company, Recent product initiatives are significantly strengthening the user experience in key eBay categorieswhich could translate into mid-single-digit merchandise volume growth by 2026.
wall street markets
Coinbase Stock Gains Appeal
For their part, the strategists of JP Morgan They also revised upwards their assessment of Coinbase (COIN)going from “neutral” to “overweight“and increasing their target price from US$342 to US$404. Thus, they expect an increase of 12% from the current level.
In a note to investors, the bank highlighted that the shares have an attractive valuation compared to other companies in the crypto sector, driven by the greatest monetization opportunities and a reduction in operational risks.
The market looks at Amazon’s Cedears
Meanwhile, KeyBanc resumed coverage of Amazon (AMZN) with a recommendation of “overweight” and a target price of US$300.
According to analysts, the growth of the advertising business is strengthening the profits of the retail segment, which could boost further expansion of the grocery area in the medium termbased on a note sent to investors.
Source: Ambito
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