The Latest Breaking News from BofA

Analysts slashed their price targets on Oracle Corp (NYSE:ORCL) post Q3 results. Piper Sandler analyst Brent Bracelin downgraded to Underweight from Neutral with a PT of $70 (8.7% downside), down from $100.  Bracelin found it challenging to reach double-digit organic growth next year, sustaining a cloud shift considering more than 70% of revenue came from the…

Two analysts have different stances on The Walt Disney Co (NYSE: DIS).

BofA analyst Omar Dessouky reinstated coverage of Roblox Corp (NYSE:RBLX) with a Buy rating and $84 price target, calling the company the "category leader" in the emerging "Metaverse" media category. The price target implies an upside of 20.8%. Roblox has no "old media" businesses to cannibalize and invests 100% of its resources exclusively towards leadership…

While the S&P 500 index futures were retreating off Tuesday’s open, one sector was going in the opposite direction: banking. One issue that has revisited its multiyear highs is Bank of America Corp (NYSE: BAC),  the PreMarket Prep Stock of the Day.

BofA analyst Mariana Perez Mora double upgraded Mantech International Corp (NASDAQ:MANT) to Buy from Underperform and raised the price target to $90, from $75. The company's co-founder George Pedersen is exploring options for his controlling stake, which includes a sale of the U.S. defense contractor, with a market value of more than $3 billion, reported Reuters. The…

Analysts mainly slashed their price targets on Pinterest Inc (NYSE:PINS) post Q4 results. BofA analyst Justin Post lowered the price target on Pinterest to $46 from $57 (87.7% upside) and kept a Neutral rating on the shares.  While the company reported better than expected revenue and adjusted EBITDA, users are "still under pressure," said Post, who…

BofA analyst Wamsi Mohan noted that he expects a "strong" quarter for Apple Inc (NASDAQ: AAPL) on an improved supply of higher-end phones, including the iPhone 13 series. Apple is scheduled to report its Q1 results on January 27, 2022.

BofA analyst George Staphos downgraded WestRock Co (NYSE:WRK) to Neutral from Buy with a price target of $57, down from $60.  The analyst noted containerboard business still has merits, and despite some recent deceleration, his survey data remained positive in the first half of 2021. Staphos noted the early response from his latest survey suggests…

BofA analyst Justin Post raised the price target on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) to $3,470 from $3,210 and reiterated a Buy rating on the shares. The price target implies an upside of 27%. The analyst expects deceleration in 2022 versus the 41% estimated search growth in 2021. However, he thinks Google is still early in…