Snap Inc. CEO Evan Spiegel attends a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho.
Kevin Dietsch | Getty Images
Still downloading to beat (SNAP), this time Wolfe Research and Morgan Stanley. How could they be so wrong? Winner takes all, losers take none, against the owners of the Club Alphabet(GOOGL) parent of Google and Facebook Meta platforms (GOAL)? After plunging 39% on Friday, SNAP was down 2% in premarket trading.
Barclays semiconductor stock price target reset: Club holdings Nvidia (NVDA) from $295 to $200; Skyworks Solutions (SWKS) from $125 to $122; Holding club Marvell Technology (MRVL) from $80 to $60. Gorvo (QRVO) from $135 to $120. This is what is needed for progress.
- Barclays is going from buy to hold (overweight to equal weight). Lam Research (LRCX), says it’s too soon to buy a dip. Significant says a reset is needed, lowering the price target to $450 per share from $625. I don’t know if you really want to do this before the possible success of the CHIPS act on Capitol Hill? Barclays downgrades PT KLA Corporation (KLAC) from $365 to $325.