US Stocks Expected to Gain More with Boeing, Workday and HP Leading the Market
29.05.2020, 07:01

US Stocks Expected to Gain More with Boeing, Workday and HP Leading the Market

Boeing shares, the US aerospace giant, rose by 2.8% as it resumed production of the 737 Max jet. The plane, which was involved in two fatal plane crashes, has been grounded for more than a year as Boeing works to get the approval from regulators. The long-term increase is expected, the "BA" stock price is forecasted at 204.865 USD. With a 5-year investment, the revenue is expected to be around +36.74%. Your current $100 investment may be up to $136.74 in 2025.

Workday shares, the US software company, jumped more than 8% after revenue in the first quarter rose almost to the values analysts expected. The company’s adjusted quarterly earnings of 44 cents per share was, however, short of consensus estimates. The company also announced partnerships with Microsoft and Salesforce. Workday customers will be able to run Workday Adaptive Planning on the Microsoft Azure cloud, according to a company statement. Workday is also working with Salesforce to develop applications that will help businesses more easily return to work. The 36 Wall Street analysts have issued ratings and price targets for Workday in the last 12 months. Their average twelve-month price target is $198.31, suggesting that the stock has a possible upside of 8.63%. The high price target for WDAY is $244.00 and the low price target for WDAY is $110.00.

Nutanix shares, a cloud computing company, tumbled 5% in extended trading after Nutanix gave its fourth-quarter financial results. The company said it had a loss of 69 cents per share excluding some items with revenue of $318.3 million, while analysts expected a loss of 86 cents per share on revenue of $313.3 million, according to Refinitiv. The 14 analysts offering 12-month price forecasts for Nutanix Inc have a median target of $26.00 with a high estimate of $45.00 and a low estimate of $16.00. The median estimate represents a +13.79% increase from the last price of $22.85.

Burlington, a discount retailer, shares jumped more than 3% despite reporting dismal headline earnings results. Burlington reported a loss of $4.76 per share while analysts were expecting a loss of $1.55 per share, according to FactSet. Still, some analysts on Wall Street looked past the bad numbers. Nomura, which has a buy rating on the stock, said the quarter showed long-term business model is intact and noted that same-stores sales are up in reopened stores. MKM Partners echoed Nomura’s bullish outlook. Their average twelve-month price target is $221.61, suggesting that the stock has a possible upside of 3.84%. The high price target for BURL is $255.00 and the low price target for BURL is $170.00.

HP Inc., a well-known tech company, shares plunged more than 11% after it reported lower-than-expected revenue for the fiscal second quarter. HP generated $12.47 billion in sales for the quarter, while analysts were expecting $12.93 billion, according to Refinitiv. JPMorgan also downgraded the stock to neutral from overweight. The 14 analysts offering 12-month price forecasts for HP Inc have a median target of $17.50 with a high estimate of $23.00 and a low estimate of $12.00. The median estimate represents a +16.40% increase from the last price of $15.04.


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