Roku raised to Buy, YPF extends gains following upgrade: 4 big analyst picks
Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed today: upgrades at Roku, YPF Sociedad Anonima, Teva Pharma, and Federal Realty Investment Trust.
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Roku (NASDAQ:ROKU) shares rose more than 1% pre-market today after Cannonball Research upgraded the company to Buy from Neutral with a price target of $116.00, as reported in real-time on InvestingPro.
The analysts anticipate more significant upward revisions to the fiscal 2024 consensus forecast than in recent quarters. “Our thesis is not based on an expectation of an improvement in the advertising market trends. Instead, we assume a continuation of the trends we have seen since Q2 FY22,” commented the analysts.
Goldman Sachs upgraded YPF Sociedad Anonima (NYSE:YPF) to Neutral from Sell and raised its price target to $17.10 from $8.50. This upgrade follows the announcement by President-elect Javier Milei, who is set to take office on Dec 10, about his intention to privatize the company. In response to this news, shares in the Argentine state-run oil company experienced a nearly 40% surge last Monday.
“The change in government in Argentina could lead to a re-rating on the name in a scenario in which the new administration is less involved (vs prior),” commented Goldman Sachs.
The analysts also pointed out that the new president's policy direction might lead investors to expect the company to focus more on generating cash, in contrast to the previous administration's practice of using cash for capital expenditures.
Currently, YPF's shares are up 4% in pre-market.
Teva Pharma (NYSE:TEVA) shares rose more than 2% pre-market
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