LB Takeaway | Amazon price target raised by 10% to $165, Apple is still trustworthy

ts remain concerned about slowing consumer spending and the company's lack of profitability.

Wells Fargo: Maintain Qualcomm's "hold" rating, raise price target by 11% to $150 from $135

If calculated at yesterday's closing price of $146.45, this price means that there is still room for 2% upside!

The bank noted that Qualcomm's fiscal third-quarter results were slightly better than expected, but guidance for the fourth quarter was weaker. Given the recent weakness in the smartphone market, many investors have long expected Qualcomm's fiscal fourth-quarter outlook. Therefore, the bank does not expect Qualcomm's stock price to face significant pressure after issuing weak guidance.

CICC: Maintain New Oriental's "Outperform Industry" rating, raise target price by 10.7% to $31

If calculated at yesterday's closing price of $29, this price means that there is still 7% upside!

The bank said that considering the recovery of New Oriental's retention business, the gradual increase in the contribution of new business revenue, and the sharp drop in costs compared with the same period last year, it is expected that the company's non-US generally accepted accounting principles (Non-GAAP) operating profit in fiscal year 2023 will be able to achieve a small profit. The first fiscal quarter is usually the peak season for the company's study abroad preparation business. The profit level in the first quarter may be higher than other quarters, and the company's profit recovery is earlier than market expectations.

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