What Defines a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Needham has decided to maintain its Buy rating of Applied Materials (NASDAQ:AMAT) and lower its price target from $125.00 to $90.00.
Shares of Applied Materials are trading up 5.71% over the last 24 hours, at $80.35 per share.
Wedbush boosted the price target on PepsiCo, Inc. (NASDAQ: PEP) from $185 to $190. Wedbush analyst Gerald Pascarelli maintained an Outperform rating on the stock. PepsiCo shares rose 0.1% to $169.56 in pre-market trading.