On the other hand, despite having a buy rating CrowdStrike (CRWD) received a downgraded rating from Goldman Sachs. Goldman Sachs said that there was the necessity for enhanced down-time processes after a big systems failure. Even though the problem has now been fixed by the company, it was said by Goldman Sachs that there should be best-in-class update and outage protocols.
Amazon got a buy rating from Bank of America after a prosperous Prime Day in different sectors. This shows Amazon’s continued dominance in the e-commerce space since record breaking signups and increase in sales indicate its strength.
Oppenheimer raised Meta’s price target to $525 from $525, asserting that it is no longer as risky as before. The company also mentioned that Meta’s latest income statement and future direction suggests that it is now more consolidated and oriented towards constant growth.
JPMorgan said Netflix had an overweight rating after robust Q2 results. The brokerage mentioned raised subscriber numbers and better margins as proof that Netflix could change with market demands.
Bank of America still rated Nvidia (NVDA) as a buy with impressive AI, and cloud computing capabilities. The front-runner position occupied by Nvidia in the field of AI computing, coupled with its upsurging cloud business ensures that the company remains an integral player in the technological sector.
