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Oppenheimer Holdings stock price

Oppenheimer Holdings latest news:


  • 01/16/2018 07:36:57

    Amazon stock rises after BMO raises price target to new Street high

    Shares of Amazon.com Inc. gained 1.8% in Tuesday morning trading after analysts at BMO Capital Markets raised their price target on shares to $1,600, the highest among analysts tracked by FactSet. The analysts, led by Daniel Salmon, are upbeat about Amazon's advertising opportunities and believe that the ad business represents an $18 billion total addressable market "in the midterm." He thinks Amazon could eventually generate 22% of its total gross merchandise value from direct response ads. Separately, analysts at Oppenheimer raised their price target to $1,450 and named Amazon their "top large-cap pick" for the year. "Amazon is best positioned among our large-cap universe to benefit from secular trends - shift to e-commerce, public cloud, automation and digital advertising - further supported by an improving global macroeconomic backdrop and domestic tax reform," wrote the analysts, led by Jason Helfstein. Amazon shares have gained 11.6% so far this year, compared with a 4.8% gain for the S&P 500 Index .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/14/2017 17:25:38

    Roku stock downgraded by analyst: 'most expensive public internet company'

    Oppenheimer analyst Jason Helfstein downgraded Roku Inc. to underperform because the stock's recent gains have made it difficult to justify the current valuation, he wrote in a Tuesday note to clients. Roku fell 13% to $36.95 during the regular session, and edged down less than 1% after hours. At its current prices, Helfstein says that Roku is the "most expensive publicly traded internet-based company on the basis of Platform revenue or Platform gross profit." Helfstein said that even though the company is a leading streaming device and software maker, and beat expectations with its third-quarter results, that does not justify that three-fold gain the stock as made since it went public at $14. Helfstein set a price target of $28. Roku shares have climbed 163% from the initial public offering price, with the S&P 500 index gaining 2.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/06/2017 09:11:14

    Alibaba's stock rallies toward record close after analyst boosts price target

    Shares of Alibaba Group Holding Ltd. ran up 2.3% in morning trade Monday, on track for a record close, after Oppenheimer raised its price target on the back of "another strong quarter." Last Thursday, the stock had hit an all-time intraday high of $191.22 after earnings and profit beat expectations, but the stock turned lower to close 0.7% below its Nov. 1 record close of $186.08, amid margin concerns. Oppenheimer analyst Jason Helfstein raised his stock price target to $220 from $200, as Alibaba's results have made him more bullish on valuations for the company's AliCloud and Ant Financial businesses, which offsets any concerns over lower retail margins. He reiterated the outperform rating he's had on the stock since he started covering it three years ago. "Overall, we believe [Alibaba] is uniquely positioned to benefit from the rise of Chinese middle-class consumption," Helfstein wrote in a note to clients. The stock has more than doubled year to date, while U.S.-based rival Amazon.com Inc. shares have rallied 50% and the S&P 500 has gained 16%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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