Morning Movers Gapping up $Oracle (ORCL.US)$The cloud services company's shares advanced nearly 8% after announcing deals with Google and OpenAI, including plans to make its database available on Google Cloud and partnering with Microsoft and OpenAI for additional computing capacity. $Rentokil Initial PLC (RTO.US)$U.S.-listed shares of the British pest control company surged 12% following news that Nelson Peltz’s Trian Partne...
The market's opinion of the business has improved over the past five years due to its growth track record. Significant insider buying in the last quarter is seen as a positive sign. The company's performance is worth monitoring in the long term.
Barron's sees potential in Casey's stock as a value pick. Analysts highlight its prepared foods business strength amid dwindling tobacco sales and stable fuel margins. They also hint at possible M&A interest from convenience store giants.
Analysts forecast an 8% rise in Casey's earnings per share this fiscal year, and a further 7% increase next year. They believe the stock still has growth potential, with a price target of $340 suggesting a 20% upside. The company's emphasis on prepared foods and private-label products is expected to drive this growth.
Analysts highlight Casey's General Stores' expanding footprint and superior distribution platform as competitive advantages. The company's unique prepared foods are expected to significantly boost sales as it acquires more operators. Its value proposition of a family pizza dinner is unbeatable. Earnings per share are predicted to rise 8% this year and 7% next year. Stephens analyst Ben Bienvenu sees further market valuation opportunities.
Caseys General Stores Stock Forum
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Gapping up
$Oracle (ORCL.US)$ The cloud services company's shares advanced nearly 8% after announcing deals with Google and OpenAI, including plans to make its database available on Google Cloud and partnering with Microsoft and OpenAI for additional computing capacity.
$Rentokil Initial PLC (RTO.US)$ U.S.-listed shares of the British pest control company surged 12% following news that Nelson Peltz’s Trian Partne...
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