Wall St Engine
Needham Raises $HOOD PT to $71 from $58 -Buy Rating
Analyst comments: "We continue to be impressed by HOOD's product expansion. Not only has the company shown breadth in its product suite, but also depth, as we believe HOOD will become more competitive within crypto specifically. In addition to the Bitstamp acquisition (still expected to close in 2H 2025), HOOD acquired Canadian-based WonderFi this past week.
We view both transactions as increasing HOOD's depth in crypto for institutional users—a new customer base—and internationally in Europe and Canada. Finally, we see more crypto-specific rollouts on the horizon; we would expect more asset listings in the U.S. as well as possibly HOOD launching its own blockchain or some variant. We believe these additions would materially increase HOOD’s product depth.
We are raising our price target to $71 and note near-term catalysts, including HOOD's June France Crypto event, as positives."
Analyst: John Todaro
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Needham Raises $HOOD PT to $71 from $58 -Buy Rating
Analyst comments: "We continue to be impressed by HOOD's product expansion. Not only has the company shown breadth in its product suite, but also depth, as we believe HOOD will become more competitive within crypto specifically. In addition to the Bitstamp acquisition (still expected to close in 2H 2025), HOOD acquired Canadian-based WonderFi this past week.
We view both transactions as increasing HOOD's depth in crypto for institutional users—a new customer base—and internationally in Europe and Canada. Finally, we see more crypto-specific rollouts on the horizon; we would expect more asset listings in the U.S. as well as possibly HOOD launching its own blockchain or some variant. We believe these additions would materially increase HOOD’s product depth.
We are raising our price target to $71 and note near-term catalysts, including HOOD's June France Crypto event, as positives."
Analyst: John Todaro
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$PLTR: an elite software company but it doesn’t come cheap 🫰 https://t.co/NTtAoyvSbP
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$PLTR: an elite software company but it doesn’t come cheap 🫰 https://t.co/NTtAoyvSbP
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Wall St Engine
Raymond James on $SMCI (Outperform; PT $41): 'Party in the desert'
"We maintain an Outperform rating on shares of Supermicro following news regarding a significant new award. Shortly after our initiation of research coverage of Supermicro, it announced a $20 billion partnership with DataVolt that expands visibility with a multi-year hardware backlog and supports upward estimate revisions, although the build-out timing—targeted for 2028—remains uncertain.
Our investment thesis—anchored on hyperscale AI infrastructure leadership, expanding U.S. manufacturing, and accelerating share gains on NVIDIA's Blackwell platform—remains intact."
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Raymond James on $SMCI (Outperform; PT $41): 'Party in the desert'
"We maintain an Outperform rating on shares of Supermicro following news regarding a significant new award. Shortly after our initiation of research coverage of Supermicro, it announced a $20 billion partnership with DataVolt that expands visibility with a multi-year hardware backlog and supports upward estimate revisions, although the build-out timing—targeted for 2028—remains uncertain.
Our investment thesis—anchored on hyperscale AI infrastructure leadership, expanding U.S. manufacturing, and accelerating share gains on NVIDIA's Blackwell platform—remains intact."
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App Economy Insights
$TCEHY Tencent Q1 FY25:
Revenue +13% Y/Y to RMB180B ($25B).
🎮 Gaming +24%
💬 Social Networks +7%
📢 Marketing Services +20%
💳 Fintech & Business +5%
Weixin/WeChat: 1.4B MAU (+3% Y/Y). https://t.co/HdQzHgfjnX
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$TCEHY Tencent Q1 FY25:
Revenue +13% Y/Y to RMB180B ($25B).
🎮 Gaming +24%
💬 Social Networks +7%
📢 Marketing Services +20%
💳 Fintech & Business +5%
Weixin/WeChat: 1.4B MAU (+3% Y/Y). https://t.co/HdQzHgfjnX
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Wall St Engine
KeyBanc and Jefferies both flag the proposed early phase-out of nuclear production tax credits (PTCs) as a clear NEGATIVE for Constellation Energy $CEG.
KeyBanc sees the draft bill’s accelerated sunset of nuclear PTCs as incrementally negative, undercutting assumptions of long-term subsidy support for CEG’s core nuclear fleet. Jefferies adds that the PTC has been a major pillar of CEG’s investment case, supporting credit ratings, reducing hedging needs, and attracting generalist investors by providing perceived earnings stability. They warn that even if the credit is eventually restored, valuation multiples on nuclear PTC cash flows may be lower going forward, especially as uncertainty creeps in. CEG itself acknowledged on its Q1 call that while nuclear wasn’t being discussed at the time, the process would likely be "bumpy."
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KeyBanc and Jefferies both flag the proposed early phase-out of nuclear production tax credits (PTCs) as a clear NEGATIVE for Constellation Energy $CEG.
KeyBanc sees the draft bill’s accelerated sunset of nuclear PTCs as incrementally negative, undercutting assumptions of long-term subsidy support for CEG’s core nuclear fleet. Jefferies adds that the PTC has been a major pillar of CEG’s investment case, supporting credit ratings, reducing hedging needs, and attracting generalist investors by providing perceived earnings stability. They warn that even if the credit is eventually restored, valuation multiples on nuclear PTC cash flows may be lower going forward, especially as uncertainty creeps in. CEG itself acknowledged on its Q1 call that while nuclear wasn’t being discussed at the time, the process would likely be "bumpy."
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Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: Nick Sleep is one of the greatest investors, generating 20.8% CAGR from 2001 to 2013 📈
Nick ran a concentrated fund, with $AMZN & $COST stock each accounting for >20% of the Nomad Partnership at various points 💸
Here’s the secret to his incredible track record 🧵 https://t.co/9mDupZqv57
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RT @DimitryNakhla: Nick Sleep is one of the greatest investors, generating 20.8% CAGR from 2001 to 2013 📈
Nick ran a concentrated fund, with $AMZN & $COST stock each accounting for >20% of the Nomad Partnership at various points 💸
Here’s the secret to his incredible track record 🧵 https://t.co/9mDupZqv57
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