Rupesh Parikh

Retailer Costco Wholesale Corporation (NASDAQ: COST) reported second-quarter financial results after market close Thursday. Analysts are reacting to the results and what's next for the company.  The Costco Analysts: Bank of America analyst Robert Ohmes had a Buy rating and a price...

Walmart Inc (NYSE: WMT) Tuesday reported higher-than-expected sales growth for its fourth quarter, but issued guidance that fell short of expectations. Here's what the Street has to say.  Bernstein On Walmart Analyst Dean Rosenblum maintained a Market Perform rating and $159 price target....

Costco Wholesale Corporation (NASDAQ: COST) shares have gotten a nice bump since the company reported fiscal first-quarter earnings late last week, but several Wall Street analysts say there may be more upside ahead for the warehouse retailer. On Thursday, Costco reported a first-quarter adjusted...

Beyond Meat Inc (NYSE: BYND) shares dropped plunged Thursday after the company reported a larger-than-expected loss and issued disappointing guidance for the fourth quarter. Beyond Meat reported a third-quarter adjusted EPS loss of 87 cents on revenue of $106.4 million. Both numbers fell short of...

Costco Wholesale Corporation (NASDAQ: COST) shares hit a new 52-week high Thursday morning, reaching $363.67.  The movement came after the warehouse club reported August sales and some full-year sales figures. What Happened: Costco reported August sales of $13.56 billion, a 15% year-over-...

Beauty stocks were in focus Thursday after Oppenheimer analyst Rupesh Parikh upgraded Estee Lauder Companies Inc (NYSE: EL) to Outperform and named it a "top pick." But with a price tag north of $200 per share and a valuation above $75 billion, one market pro has a cheaper alternative...

Oppenheimer's case against owning shares of Estee Lauder Companies Inc (NYSE: EL) was based on COVID-19 related headwinds but this stance can no longer be justified. The Analyst: Rupesh Parikh upgraded Estee Lauder's stock from Perform to Outperform with a price target lifted from $160...

Beyond Meat Inc (NASDAQ: BYND) is scheduled to report its second-quarter results on Tuesday, Aug. 4. Although the company’s longer-term prospects are bright, the stock has appreciated by 66% year-to-date, versus the S&P 500’s flattish performance, according to Oppenheimer. The...

Retail giant Walmart Inc (NYSE: WM) is reportedly set to launch a new $98-a-year subscription service platform, Walmart+, and it can be considered both a defensive and offensive strategy, according to Oppenheimer analyst Rupesh Parikh. Parikh Sees Pushback Against Amazon Walmart's...

Legendary investor Warren Buffett and his Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) disclosed a $549.1-million stake in grocery chain Kroger Co (NYSE: KR) but not all Street analysts are convinced it's a wise investment. What Happened Shares of Kroger inched higher Friday after...

Oppenheimer analyst Rupesh Parikh turned bullish on Costco Wholesale Corporation (NASDAQ: COST) this week and his colleague Ari Wald offered a more technical case for the stock on CNBC. COST 'Just Getting Started' Wald, Oppenheimer's head of technical analysis, said Costco's stock...

Shares of Costco Wholesale Corporation (NASDAQ: COST) have lost 3% since August and Oppenheimer says now is a good time to be buyers of the stock. The Analyst Rupesh Parikh upgraded Costco from Perform to Outperform with a price target lifted from $300 to $335. The Thesis Costco's stock gained...

Plant-based food maker Beyond Meat Inc (NASDAQ: BYND) boasts a favorable brand backed by a strong product assortment, but growing competition and valuation concerns should keep investors on the sidelines, according to Oppenheimer. The Analyst Oppenheimer analyst Rupesh Parikh initiated coverage of...

Cronos Group Inc (NASDAQ: CRON) and several other cannabis stocks have received some love from Wall Street analysts in the past week, but one analyst said Wednesday the 2019 struggles for Tilray Inc (NASDAQ: TLRY) will continue in the near term. The Analyst Oppenheimer analyst Rupesh Parikh...

Oppenheimer took a bullish stance Tuesday on Canadian cannabis producer Hexo Corp (NYSE: HEXO), but said it's a speculative play given the uncertainty of the sector in which the company operates. The Analyst Analyst Rupesh Parikh initiated coverage of Hexo Corp. with an...