A+E Global Media, co-owned by Disney and Hearst, is exploring strategic alternatives, including a potential sale, as cable networks face mounting pressure from cord-cutting and the rise of streaming platforms.
Bank of America analyst Savita Subramanian flagged slowing tech sector profit growth as a potential headwind, however, other analysts seem to be more bullish ahead of the earnings season.
Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER)
jumped 3.3% in the afternoon session after Wells Fargo analyst raised the price target on the company's stock. Wells Fargo analyst Ken Gawrelski reiterated an "Overweight" rating on Uber and increased the price target to $120 from $100, suggesting a potential 24.86% upside from the previous closing price. This bullish outlook from a major financial institution signals confidence in Uber's growth prospects and market expansion potential. The move reflects growing optimism on Wall Street, where the majority of analysts covering the stock maintain a "buy" or equivalent rating.
Warren Buffett has shifted his investment strategy, investing $459 million in Sirius XM after selling his stakes in Bank of America, JPMorgan Chase, and Wells Fargo.
Wall Street's biggest banks are rewarding shareholders with a wave of dividend hikes and buybacks totaling more than $100 billion, after clearing the Federal Reserve's 2025 stress test with capital left to spare.
Snap Inc. (NYSE: SNAP) shares are trading higher Tuesday after Wells Fargo raised its price target on the stock from $8 to $11, citing stronger-than-expected revenue growth in a stabilizing ad market.
