The EIA forecasts that in 2023 Brent crude oil prices will average $95.33 per barrel. They also have forecasted that West Texas Intermediate Crude will average $87.33 per barrel in 2023.
Prime AI Stock of the Week Analysis – Horizon Pharma – $HZNP – Prime AI $LYFT
December 21, 2022
The 10 analysts offering 12-month price forecasts for Horizon Therapeutics PLC have a median target of 116.50, with a high estimate of 140.00 and a low estimate of 74.00. The median estimate represents a +3.08% increase from the last price of 113.02.
The 34 analysts offering 12-month price forecasts for Lyft Inc have a median target of 18.50, with a high estimate of 45.00 and a low estimate of 11.00. The median estimate represents a +66.29% increase from the last price of 11.13. From this simple information we can determine two especially important things: There is a strong divergence of opinion. The broad consensus of analysts agrees that $LYFT is undervalued at current levels by 66% of what they consider to be its long-term fair market value.
Novartis has been awaiting FDA approval on a cancer drug. The delays have occurred primarily because of Covid19 and the FDA’s inability to inspect the Chinese manufacturing sites. Some background history in cancer therapeutics is necessary to appreciate the financial context that $NVS is operating under.
Prime AI Stock of the Week Analysis – United Therapeutics – ($UTHR) – Prime AI $RIG
December 1, 2022
United Therapeutics also is the first publicly traded biotech or pharmaceutical company to take the form of a public benefit corporation. A public benefit corporation (PBC) is a type of for-profit entity that incorporates charitable, social, or environmental goals into its operations. Like traditional corporations, a PBC must meet certain legal requirements and is subject to corporate taxation. However, unlike standard corporations, PBCs are required to keep the public interest in mind when making decisions. By cultivating a culture of transparency and accountability, PBCs strive to provide substantial benefits to the public while still making profits. PBCs are also able to raise capital either through private investments or government grants, allowing them to further their social objectives more easily than non-profits.
Prime AI Stock of the Week Analysis – Pitney Bowes Corporation- ($PBI) – Prime AI $RIG
November 23, 2022
$PBI has a market cap of $643 million shares and trades on average 1.82 million shares a day.In the European market, Pitney Bowes faces competition from several similar companies including Francotyp Postalia (FP), Neopost and Asendia. FP offers printing solutions for mail, parcels, and other items while Neopost provides hardware like postage meters, franking machines, and mail management software. Asendia is a joint venture between La Poste Group and Swiss Post International that specializes in international mail services. Pitney Bowes must also compete with major private global couriers such as FedEx and DHL for e-commerce services; both provide delivery options for online shoppers as well as pick-up/drop-off locations for customers looking for convenience. Finally, even though it isn't a direct competitor, the US Postal Service should not be overlooked; it continues to offer low-cost mailing options that many consumers still find desirable.
Stock of the Week – Arista Networks – $ANET – Prime AI
November 3, 2021
This week, we dive into the forecast analysis of Arista Networks (ARN) See what Artificial Intelligence has to say...
Stock of the Week – Cleveland Cliffs – $CLF – Prime AI
October 27, 2021
This week, we dive into the forecast analysis of Cleveland Cliffs (CLF) See what Artificial Intelligence has to say...
This week, we dive into the forecast analysis of Repligen (RGEN) See what the Artificial Intelligence has to say...
This week, we dive into the forecast analysis of Repligen (RGEN) See what the Artificial Intelligence has to say...
