Buying Paramount Skydance as Settlement News Pushes Price Targets
PSKY has not sold off as I expected it to.
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I am still interested in initiating a position in (PSKY), but only at a discount. Since the news of the settlement made the rounds earlier this week…
On Monday, analyst John Hodulik of UBS reiterated his “sell” rating on PSKY as well as his $8 target price. Hodulik is rated at four stars out of five by TipRanks. He has compiled a success rate of 59% over the past two years, while generating an average return of 11.6%.
On Tuesday, analyst Kannan Venkateshwar of Barclays reiterated his “sell” rating on PSKY as well as his $8 target price. Venkateshwar is rated at five stars out of five by TipRanks. He has compiled a success rate of 59% over the past two years, while generating an average return of 16.1%.
On Tuesday, analyst Sean Diffley of Morgan Stanley reiterated his “buy” rating on PSKY, while increasing his target price from $10 to $11.50. Diffley is rated at 1.5 stars out of five by TipRanks. He has compiled a success rate of 51% over the past two years but has generated an average return of -1.5%.
Other Portfolio News
Ondas Inc (ONDS)
On Wednesday morning, analyst Scott Searle of Roth MKM reiterated his “buy” rating on ONDS as well as his $13 target price. Searle is rated at four stars out of five by TipRanks. He has compiled a success rate of just 43% over the past two years but has generated an average return of 12.4%.
On Tuesday, analyst Amit Dayal of HC Wainwright reiterated his “buy” rating on ONDS as well as his $25 target price. Dayal is rated at four stars out of five by TipRanks. He has compiled a success rate of only 36% over the past two years but has generated an average return of 15.2%.
Peloton Interactive (PTON)
On Wednesday morning, analyst Susan Anderson of Canaccord Genuity reiterated his “buy” rating on PTON as well as her $10 target price. Anderson is rated at 0.5 stars out of five by TipRanks. She has compiled a success rate of just 39% over the past two years, while generating an average return of -3%.
On Tuesday, Peloton announced the launch of “Let Yourself Run,” the firm’s next chapter of its “Let Yourself Go” brand platform, partnering with Grammy Award-winning performer Miley (formerly known as Miley Cyrus) to debut the new Peloton Tread Flex. The campaign spotlights Miley’s new single “Bass Persuades” from her recently released tenth studio album, “Bass Persuades,” and leverages her status as a Peloton Member who famously trains her lungs on the Peloton Tread.
Trading
The portfolio literally accomplished nothing on Tuesday. (SOFI) sold off after Tuesday’s article was written but ahead of publication. The broader pressure on the banks and the financials was just too much and offset the positivity created by the stablecoin news.
PSKY never sold off as I thought it might. Hence, our limit order never came close. Honestly, that is why I put limits on those orders. The portfolio will take another stab at that one. I am not interested in executing those specific trades on the market’s terms. I am interested only at prices that I think will be beneficial to this portfolio.
Tuesday’s Intentions vs Actual Trades
Intention: Sell 10 shares of SOFI at $18.25 (limited) or better
Actual trade: Nothing done
Intention: Purchase 15 shares of PSKY at $9.75 (limited) or better
Actual trade: Nothing done
Wednesday’s Intentions
Purchase 15 shares of PSKY at $9.75 (limited) or better
Current Positions
Long 60 shares of (ASPN) at $5.1083. Target price: $10. Last sale: $5.47.
Long 100 shares of (EVLV) at $5.7883. Target price: $8.50. Last sale: $4.94.
Long 110 shares of (OCUL) at $8.6209. Target price: $14. Last sale: $10.51.
Long 250 shares of (ONDS) at $8.0932. Target price: $12. Last sale: $7.62.
Long 100 shares of (PL) at $20.3367. Target price: $26. Last sale: $16.76.
Long 50 shares of (PTON) at $5.0815. Target price: $9. Last sale: $5.00.
Long 7 shares of (RKLB) at $73.8629. Target price: $97. Last sale: $72.51.
Long 120 shares of (SOFI) at $16.0609. Target price: $24. Last sale: $17.01.
Short one SOFI $22 November 19 call at $1.20, Last sale: $0.33.
Long 50 shares of (SWBI) at $14.0414. Target price: $19. Last sale: $14.06.
Long 50 shares of (VELO) at $10.265. Target price: $18. Last sale: $11.47.
Cash: $369.60.
Portfolio value: $9,972.12, -0.3% from inception on March 24.
At the time of publication, Guilfoyle had no positions in any securities mentioned.
