UBS analyst Karl Keirstead downgrades MongoDB (NASDAQ:MDB) from Buy to Neutral and lowers the price target from $475 to $410.
UBS lowers MongoDB (NASDAQ:MDB) price target from $475 to $410 Read Post »
Micron Technology (NASDAQ:MU) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 13.03% Piper Sandler $70 → $95 Upgrades Neutral → Overweight 12/21/2023 18.98% Evercore ISI Group $90 → $100 Maintains Outperform 12/21/2023 13.03% Wells Fargo $82 → $95 Maintains Overweight 12/21/2023 7.08% Raymond James $82 → $90 Maintains Outperform 12/21/2023 13.03% Wedbush → $95 Reiterates Outperform → Outperform 12/21/2023 66.57% Rosenblatt $100 → $140 Maintains Buy 12/21/2023 18.98% B of A Securities $95 → $100 Maintains Buy 12/21/2023 -4.82% Stifel $76 → $80 Maintains Hold 12/21/2023 13.03% UBS $90 → $95 Maintains Buy 12/21/2023 -11.06% Morgan Stanley $71.5 → $74.75 Maintains Underweight 12/21/2023 24.93% JP Morgan $90 → $105 Maintains Overweight 12/21/2023 13.03% Citigroup $88 → $95 Maintains Buy 12/21/2023 18.98% Needham $85 → $100 Maintains Buy 12/21/2023 7.08% Deutsche Bank $85 → $90 Maintains Buy 12/21/2023 13.03% Mizuho $86 →
Micron Technology (NASDAQ:MU) Stock Analyst Ratings Read Post »
Piper Sandler analyst Harsh Kumar upgrades Micron Technology (NASDAQ:MU) from Neutral to Overweight and raises the price target from $70 to $95.
Piper Sandler raises Micron Technology (NASDAQ:MU) price target from $70 to $95 Read Post »
Piper Sandler analyst Harsh Kumar downgrades Apple (NASDAQ:AAPL) from Overweight to Neutral and lowers the price target from $220 to $205.
Piper Sandler lowers Apple (NASDAQ:AAPL) price target from $220 to $205 Read Post »
Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 -4.76% Piper Sandler → $80 Downgrades Overweight → Neutral 11/08/2023 19.05% Citigroup → $100 Upgrades Neutral → Buy 11/03/2023 -4.76% Piper Sandler $100 → $80 Maintains Overweight 11/03/2023 7.14% Susquehanna $95 → $90 Maintains Positive 11/03/2023 7.14% Morgan Stanley $96 → $90 Maintains Overweight 11/03/2023 7.14% Keybanc $95 → $90 Maintains Overweight 11/03/2023 1.19% Needham $100 → $85 Maintains Buy 10/24/2023 13.1% Susquehanna $100 → $95 Maintains Positive 10/11/2023 14.29% Morgan Stanley $101 → $96 Maintains Overweight 08/07/2023 19.05% Needham → $100 Reiterates Buy → Buy 08/04/2023 20.24% Morgan Stanley $97 → $101 Maintains Overweight 08/04/2023 19.05% Susquehanna $105 → $100 Maintains Positive 08/04/2023 7.14% Wells Fargo $80 → $90 Maintains Equal-Weight 08/04/2023 2.38% Mizuho $89 → $86 Maintains Neutral 08/04/2023 30.95% Rosenblatt $125 → $110 Maintains Buy 08/03/2023 48.81%
Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Read Post »
Piper Sandler analyst Harsh Kumar downgrades Microchip Technology (NASDAQ:MCHP) from Overweight to Neutral and announces $80 price target.
Piper Sandler announces Microchip Technology (NASDAQ:MCHP) $80 price target Read Post »
Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 -13.79% Piper Sandler → $90 Downgrades Overweight → Neutral 12/18/2023 19.73% Mizuho $108 → $125 Maintains Buy 11/03/2023 24.52% Rosenblatt $150 → $130 Maintains Buy 11/03/2023 -13.79% Piper Sandler $125 → $90 Maintains Overweight 11/03/2023 5.36% Susquehanna $115 → $110 Maintains Positive 11/03/2023 -9% Morgan Stanley $112 → $95 Maintains Equal-Weight 11/03/2023 14.94% Keybanc $130 → $120 Maintains Overweight 11/03/2023 — Summit Insights Group Downgrades Buy → Hold 10/24/2023 10.15% Susquehanna $130 → $115 Maintains Positive 10/10/2023 -16.67% Citigroup $116 → $87 Downgrades Neutral → Sell 09/20/2023 5.36% Exane BNP Paribas → $110 Downgrades Outperform → Neutral 09/14/2023 24.52% Keybanc → $130 Reiterates Overweight → Overweight 08/08/2023 19.73% Piper Sandler $107 → $125 Maintains Overweight 08/08/2023 24.52% Susquehanna $125 → $130 Maintains Positive 08/08/2023 7.28% Morgan Stanley $104 →
Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Analyst Ratings Read Post »
Piper Sandler analyst Harsh Kumar downgrades Skyworks Solutions (NASDAQ:SWKS) from Overweight to Neutral and announces $90 price target.
Piper Sandler announces Skyworks Solutions (NASDAQ:SWKS) $90 price target Read Post »
Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 24.55% Keybanc $140 → $170 Maintains Overweight 12/18/2023 15.03% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 20.89% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 46.53% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 6.23% Stifel → $145 Reiterates Buy → Buy 12/07/2023 2.57% Raymond James $125 → $140 Maintains Strong Buy 11/14/2023 -8.42% Roth MKM → $125 Initiates Coverage On → Buy 11/02/2023 -1.09% UBS $145 → $135 Maintains Buy 11/01/2023 -28.2% Truist Securities $128 → $98 Maintains Hold 11/01/2023 -4.75% Mizuho $140 → $130 Maintains Buy 11/01/2023 -12.08% Barclays $145 → $120 Maintains Overweight 11/01/2023 -4.75% Wedbush $155 → $130 Maintains Outperform 11/01/2023 -6.22% Morgan Stanley $138 → $128 Maintains Overweight 11/01/2023 -8.42% Raymond James $145 → $125 Maintains Strong Buy 11/01/2023 2.57%
Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Read Post »
By Adam Clark Mobileye Global shares were diving on Thursday after the autonomous-driving systems company said it expects a 50% fall in revenue in the first quarter of the year. The disappointment is also a blow to its former parent and majority shareholder Intel. Mobileye said that it expects its revenue for the first quarter of 2024 to be “significantly below” the same period a year earlier. It blamed the forecast on excess inventory of its EyeQ computer chips being held by some of its customers. The company expects first-quarter revenue to be down approximately 50%, from the $458 million revenue it generated in the first quarter of 2023. Analysts were forecasting first-quarter revenue to rise to $557.1 million, according to a FactSet consensus. The company expects a first-quarter adjusted operating loss of $65 million to $80 million. Mobileye shares were down 26% at $29.45 in premarket trading on Thursday.
Mobileye Stock Plunges After Revenue Warning. Why It’s Bad News for Intel. — Barrons.com Read Post »
By Sabrina Escobar 2023 was a record-breaking holiday season for e-commerce, Adobe says, as price-sensitive consumers flocked to online stores in search of the best deals of the season. Online spending rose 4.9% year-over-year to $222.1 billion from Nov. 1 to Dec. 31 this year, according to the latest data from Adobe Analytics. Ahead of the holiday season, Adobe had predicted sales would tick up 4.8%. Last week, Mastercard released its own preliminary data, which found that overall holiday sales — which include both online and bricks-and-mortar sales — rose by 3.1% this year compared with the previous one. Online sales gained 6.3%, Mastercard said, while spending in stores increased by 2.2%. Electronics, apparel, furniture, groceries, and toys were some of the hottest categories, Adobe said, echoing the results of November’s official retail sales report, released in mid-December. Discounts may have helped boost splurging online. Deals for electronics, for instance,
Online Spending Broke Records This Holiday Season, Adobe Says — Barrons.com Read Post »
Intel’s stock drops as well as chip giant holds majority economic interest in Mobileye Shares of Mobileye Global Inc. were tanking in Thursday’s premarket action after the company, which makes self-driving technology, issued a revenue warning as its customers deal with excess inventory. Mobileye (MBLY) said it expects first-quarter revenue to fall about 50% from the $458 million that it reported in the year-earlier period. Analysts tracked by FactSet had expected revenue to rise to $557 million for the period. The company disclosed in a press release that it has “become aware of excess inventory at our customers,” representing an estimated 6 million to 7 million units of the company’s EyeQ product. “As supply chain concerns have eased, we expect that our customers will use the vast majority of this excess inventory in the first quarter of the year,” Mobileye said. Shares were down more than 25% in premarket activity.
Mobileye’s Stock Melts Down as Inventory Issues Prompt Grim Revenue Warning Read Post »