Zscaler Stock Target Raised to $310 by Wolfe Research and JMP; Bernstein Sets Target at $251
Key Takeaways
- Wolfe Research and JMP both target Zscaler stock at $310; Bernstein raises target to $251.
- US housing market has nearly 500,000 more sellers than buyers, a record high.
- Zeekr investors criticize Geely’s $2.2 billion take-private bid as inadequate.
- The Character Group boosts its share buyback program to £3 million.
- Shoe Carnival beats earnings estimates, but misses revenue expectations.
Top Stories
Zscaler: Wolfe Research, JMP both target $310.
On 2025-05-30, Wolfe Research lifted Zscaler's stock target to $310, maintaining an Outperform rating. On the same day, JMP maintained its $310 target for Zscaler stock, citing growth.
Bernstein raises Zscaler target to $251.
According to a report published on 2025-05-30, Bernstein raised its Zscaler stock target to $251, citing robust earnings.
US housing market: More sellers than buyers.
On 2025-05-29, reports indicated that the U.S. Housing Market has nearly 500,000 more sellers than buyers, the most on record, likely causing home prices to fall.
Zeekr investors criticize Geely's take-private bid.
According to a report published on 2025-05-30, Zeekr investors are criticizing Geely’s $2.2 billion take-private bid, deeming it inadequate.
Character Group boosts buyback to £3 million.
According to a report published on 2025-05-30, The Character Group increased its share buyback program to £3 million.
Shoe Carnival beats earnings, misses revenue.
A report published on 2025-05-30 indicated that Shoe Carnival's earnings beat estimates by $0.04, but revenue fell short of expectations.
Central Bank Views
Fed’s Logan: Shift in risks 'could take time'.
On 2025-05-29, Fed’s Logan stated that it "could take quite some time" to see a shift in the balance of risks.
Fed’s Daly: Inflation is main focus.
On 2025-05-29, Fed’s Daly stated that her primary focus is currently inflation.
Commodity Watch
Oil prices set for slight weekly decline.
On 2025-05-29, reports indicated that oil prices are expected to slightly decline for the week, anticipating a further output increase from OPEC+.
Gold prices fall on dollar strength.
On 2025-05-30, Ambar Warrick reported on Investing.com that gold prices are decreasing due to the dollar's resilience, which is offsetting uncertainty related to Trump's tariffs.
Global Business
Trump may shift tariff assault strategies.
On 2025-05-29, reports suggested that if a trade court ruling stands, Trump is expected to explore alternative options for tariff actions.
Vietnam: Trump Tower work could start next year.
On 2025-05-30, sources indicated that work on the $1 billion Trump Tower in Vietnam could commence next year.
JPMorgan hires Kamal Jabre for EMEA growth.
On 2025-05-29, JPMorgan announced the hiring of Kamal Jabre, formerly with HSBC, to drive growth in the EMEA region.
Zenith Energy expands into solar energy.
On 2025-05-30, Zenith Energy expanded its operations into solar energy through the acquisition of Italian assets.
Vanguard expands 'Investor Choice' proxy voting.
Factbox: Companies dealing with tariff trauma.
On 2025-05-29, Investing.com published a Reuters factbox titled "Factbox-How big global companies are dealing with tariff trauma," which was also updated on the same day.
Stock Insights
Wells Fargo stock rises after OCC agreement ends.
According to a report published on 2025-05-29, Wells Fargo stock increased following the termination of 2015 OCC agreements.
Ex-staffer: DOGE likely to fizzle without Musk.
On 2025-05-29, a report stated that an ex-staffer suggested DOGE is likely to decline without Musk's involvement.
Citi maintains Buy rating on Arista Networks.
Morgan Stanley resumes Air Products with Equalweight.
Morgan Stanley upgrades Fisher & Paykel to Overweight.
According to a report published on 2025-05-30, Morgan Stanley upgraded Fisher & Paykel stock rating to Overweight.
GLJ Research cuts US Steel to sell.
Turkey stocks close lower; BIST 100 down 0.08%.
AI & Tech
Chinese tech prepares for AI without Nvidia.
According to FT reports published on 2025-05-29, Chinese tech companies are preparing for an AI future independent of Nvidia.
Earnings Season
Universal anticipates strong FY25, Q4 dips.
On 2025-05-29, Investing.com published an earnings call transcript revealing that Universal anticipates a strong FY2025 but experienced dips in Q4.
Hormel Foods matches earnings, misses revenue.
On 2025-05-29, it was reported that Hormel Foods' earnings matched estimates, but revenue fell short.