995 days ago
While Tesla's stock is down 5.3% year to date, now at $668 a share, Goldman Sachs remains optimistic about the stock's performance. They upgraded their per share earnings expectations from 84 cents to 94 cents, and posted a buy rating with a 12-month price target of $860.
996 days ago
After Chinese government officials advised Bytedance Ltd. to focus on addressing data-security risks, the latter decided to postpone its IPO in the U.S. or Hong Kong. TikTok's owner, ByteDance, last valued at $180 billion has not settled a new date yet.
996 days ago
''In the past few weeks Visa, a credit-card firm, has paid €1.8bn ($2.1bn) for Tink, a Swedish payments platform. JPMorgan Chase, America’s largest bank, has said it will buy OpenInvest, which provides sustainable-investment tools—its third fintech acquisition in six months. Upstarts, such as Raisin and Deposit Solutions, two German platforms that link banks with savers, are merging. Others are going public. On July 7th a listing in London valued Wise, a money-transfer firm, at $11bn. Other recent or planned multi-billion initial public offerings (IPOs) include that of Marqeta (a debit-card firm), Robinhood (a no-fee broker) and SoFi (an online lender).''
996 days ago
US tech and internet stocks have returned to favor on Wall Street and keep fetching ever higher valuation. As the S&P 500 Information Technology Index is up 16% this year, Morgan Stanley sees current valuations as extreme and notes that the price to sales is at 7.4, even higher that during the dotcom bubble.
996 days ago
RiskIQ is a digital threat management platform that develops security technology that goes beyond the firewall. The startup is said to be in the process of acquisition with Microsoft readying $500M in cash for the transaction right after the company was valued at $300M last year.
