Analysts: Self-Driving Cars Present Google With $200-Billion Opportunity and 3 More Research Notes to Read
Google Inc. (NASDAQ:GOOG): Piper Jaffray believes that self-driving cars are one of the next game-changing mass technologies, and estimates it’s a $200-billion opportunity for Google. The firm believes the company could begin to see revenue from self-driving cars by the end of this decade, and keeps an Overweight rating on the stock with a $935 price target.
Amarin Corp. PLC (NASDAQ:AMRN): Leerink says Amarin’s equity raise announced Monday night removes an overhang, and adds that the company’s Vascepa prescription data were better than expected. The firm reiterates an Outperform rating on the stock with a $20 price target.
SanDisk Corp. (NASDAQ:SNDK): Citing favorable NAND pricing and better-than-expected adoption of SSDs, Needham raised its estimates and price target to $75 from $70 for SanDisk, noting that industry sources indicated that tight supply levels of NAND Flash are likely to drive up pricing in the third quarter. It keeps a Buy rating on the shares.
International Business Machines Corp. (NYSE:IBM): Goldman Sachs has downgraded IBM to Neutral from Buy and lowered estimates due to concerns that pressure on its higher-margin revenue streams will increase and therefore impact its ability to generate steady earnings and cash flow growth. The price target is now $200, down from $220.