Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- GoPro Inc (NASDAQ: GPRO) shares dipped 8 percent on January 7.
- Barclays’ Joseph Wolf maintained an Overweight rating for the company, while reducing the price target from $40 to $25.
- Value stocks in the US emerging technologies sector look more attractive than growth stocks, Wolf stated.
For the US emerging technologies segment, 2015 proved to be a challenging year, with the median stock down 21 percent, versus a 1 percent decline in the S&P 500. Analyst Joseph Wolf pointed out, however, that this does not necessarily imply that stocks are now cheap.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Related Link: GoPro Is 'late' To The Drone Market
Wolf maintained a Neutral view on the group, citing a “mixed outlook for various end markets.” He recommended a “selective approach focused on value,” while adding that company-specific growth and catalyst stories are likely to perform best in 2016.
With balance sheets being healthy, there may be an “outsized focus” on M&A and buybacks, the analyst commented.
The Barclays Global Strategy team indicates that “value stocks look attractive versus growth stocks heading into 2016.” It cited ARRIS Group, Inc. (NASDAQ: ARRS) as the Top Pick for 2016 and Corning Incorporated (NYSE: GLW) as one of the cheapest stocks. CEVA, Inc. (NASDAQ: CEVA) and Orbotech Ltd (NASDAQ: ORBK) are expected to continue to outperform in 2016.
The FY2 EPS estimate for GoPro has been reduced from $1.86 to $1.19.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.