Technology

Apple Watch Interruption Could Fuel a Revenue Decline in the Important December Quarter

/ / Technology /

The sudden interruption in most Apple Watch sales during the all-important holiday shopping season could potentially fuel another revenue decline for the tech giant’s December quarter. But that will depend upon how many consumers decide to rush out and quickly buy Apple Watch Series 9 and the Apple Watch Ultra 2 models, before sales are halted in the coming days due to a patent dispute. Consumers can buy both product lines on Apple Inc.’s (AAPL) website until Thursday, Dec. 21, and in retail locations until Dec. 24. So the question is whether a sudden run on sales in the last week of holiday shopping can offset potential lost sales. It is worth noting, though, that several large retailers, such as Best Buy Co (BBY), Target Corp. (TGT), Walmart Inc. (WMT) and Amazon.com Inc. (AMZN), had already lowered the price of the base model of the Apple Watch Series 9 by […]

Apple Watch Interruption Could Fuel a Revenue Decline in the Important December Quarter Read Post »

Apple to Halt Watch Sales as It Prepares to Comply With U.S. Import Ban

/ / Technology /

Apple is set to halt sales of its smartwatch in the coming days as the company prepares to comply with a U.S. import ban stemming from a federal trade ruling over a blood-oxygen sensor on some versions of the device. The October ruling gave the Biden administration 60 days to review the decision, in which the U.S. International Trade Commission found that Apple violated patents in most new models of the Apple Watch since 2020. Apple said it is stopping watch sales to take pre-emptive steps in case the ruling stands. The ban would include the Apple Watch Series 9 and Apple Watch Ultra 2, the company said. “Apple strongly disagrees with the order and is pursuing a range of legal and technical options to ensure that Apple Watch is available to customers,” the company said. The case revolves around medical-technology company Masimo, which alleged in a 2021 complaint that

Apple to Halt Watch Sales as It Prepares to Comply With U.S. Import Ban Read Post »

CFRA Maintains Buy Opinion On Shares Of Adobe Inc.

/ / Technology /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: ADBE terminated its intent to acquire Figma, citing that there is no clear path to receive regulatory approval from the European Commission and the U.K. Competition and Markets Authority (CMA). We’re by no means surprised by the decision as we thought the regulatory hurdles across the globe were too steep to overcome; we note that the termination includes a $1B fee that ADBE will pay. Still, this provides clarity on the subject matter with the deal being stuck in limbo for the last 15 months (valued at $20B half cash/stock). Despite hopes that the M&A landscape could be improving, with completed mega deals of Microsoft/Activision and Broadcom/VMware, we think regulators continue to scrutinize Tech deals, especially as we progress into a more AI-driven environment. Europe and the

CFRA Maintains Buy Opinion On Shares Of Adobe Inc. Read Post »

Salesforce (NYSE:CRM) Analyst Ratings

/ / Technology /

Salesforce (NYSE:CRM) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 18.64% Wolfe Research → $315 Upgrades Peer Perform → Outperform 12/01/2023 9.22% Argus Research $275 → $290 Maintains Buy 11/30/2023 9.22% Evercore ISI Group $275 → $290 Maintains Outperform 11/30/2023 12.99% Raymond James $280 → $300 Maintains Strong Buy 11/30/2023 12.99% Stifel $275 → $300 Maintains Buy 11/30/2023 3.57% Truist Securities → $275 Reiterates Buy → Buy 11/30/2023 -2.08% JP Morgan $240 → $260 Maintains Overweight 11/30/2023 10.35% JMP Securities $275 → $293 Maintains Market Outperform 11/30/2023 5.46% Mizuho $255 → $280 Maintains Buy 11/30/2023 3.57% Oppenheimer $250 → $275 Maintains Outperform 11/30/2023 4.33% BMO Capital $252 → $277 Maintains Outperform 11/30/2023 9.22% Morgan Stanley $278 → $290 Maintains Equal-Weight 11/30/2023 7.34% RBC Capital $240 → $285 Maintains Outperform 11/30/2023 5.46% Wedbush $255 → $280 Maintains Outperform 11/30/2023 5.46% Wells Fargo $265

Salesforce (NYSE:CRM) Analyst Ratings Read Post »

ARM Holdings (NASDAQ:ARM) Analyst Ratings

/ / Technology /

ARM Holdings (NASDAQ:ARM) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 0.72% Deutsche Bank $60 → $70 Downgrades Buy → Hold 11/20/2023 0.72% Wells Fargo → $70 Initiates Coverage On → Overweight 11/10/2023 -20.86% Morgan Stanley → $55 Initiates Coverage On → Equal-Weight 10/18/2023 -6.47% Keybanc → $65 Initiates Coverage On → Overweight 10/10/2023 -9.35% Daiwa Capital → $63 Initiates Coverage On → Buy 10/09/2023 -0.72% Loop Capital → $69 Initiates Coverage On → Buy 10/09/2023 22.3% Rosenblatt → $85 Initiates Coverage On → Buy 10/09/2023 — Wolfe Research Initiates Coverage On → Peer Perform 10/09/2023 -6.47% B of A Securities → $65 Initiates Coverage On → Buy 10/09/2023 -10.79% Mizuho → $62 Initiates Coverage On → Buy 10/09/2023 -7.91% Guggenheim → $64 Initiates Coverage On → Buy 10/09/2023 -9.35% TD Cowen → $63 Initiates Coverage On → Outperform 10/09/2023 -7.91% Jefferies

ARM Holdings (NASDAQ:ARM) Analyst Ratings Read Post »

Adobe to Terminate $20 Billion Deal to Buy Figma

/ / Technology /

Shares of Adobe Inc. (ADBE) climbed 1.9% in premarket trading Monday after the software company and design tools maker Figma said they have agreed to terminate the $20 billion merger agreement. Adobe said the companies agreed that “there is no clear path” to receive the necessary regulatory approvals from the European Commission and the U.K. Competition and Markets Authority. CMA said last month that it saw a “substantial lessening of competition” from the deal, which was originally announced in September 2022. “Adobe and Figma strongly disagree with the recent regulatory findings, but we believe it is in our respective best interests to move forward independently,” said Adobe Chief Executive Shantanu Narayen. Adobe’s stock has soared 73.7% year to date through Friday, while the S&P 500 has gained 22.9%.

Adobe to Terminate $20 Billion Deal to Buy Figma Read Post »

Advanced Micro Devices (NASDAQ:AMD) Analyst Ratings

/ / Technology /

Advanced Micro Devices (NASDAQ:AMD) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 12.51% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 18.25% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 43.33% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 3.91% Stifel → $145 Reiterates Buy → Buy 12/07/2023 0.33% Raymond James $125 → $140 Maintains Strong Buy 11/14/2023 -10.42% Roth MKM → $125 Initiates Coverage On → Buy 11/02/2023 -3.25% UBS $145 → $135 Maintains Buy 11/01/2023 -29.77% Truist Securities $128 → $98 Maintains Hold 11/01/2023 -6.84% Mizuho $140 → $130 Maintains Buy 11/01/2023 -14% Barclays $145 → $120 Maintains Overweight 11/01/2023 -6.84% Wedbush $155 → $130 Maintains Outperform 11/01/2023 -8.27% Morgan Stanley $138 → $128 Maintains Overweight 11/01/2023 -10.42% Raymond James $145 → $125 Maintains Strong Buy 11/01/2023 0.33% Keybanc $160 → $140 Maintains Overweight 08/03/2023 3.91% Benchmark

Advanced Micro Devices (NASDAQ:AMD) Analyst Ratings Read Post »

Intel’s Stock Sheds a Bear as a Key Catalyst Awaits

/ / Technology /

BofA says Intel’s plans to break out design and manufacturing financials could help investors better value the respective businesses Intel Corp.’s bear camp got a little smaller Friday as a BofA Securities analyst ended his negative call on the stock. BofA’s Vivek Arya still has concerns about Intel (INTC), including that there’s limited upside in the PC market and that the company is shedding server market share to Advanced Micro Devices Inc. (AMD) and ARM Holdings PLC (ARM). But he’s feeling more encouraged about other areas of the business, including its Mobileye autonomous-driving unit and its foundry plans. See also: Intel announces new PC, server chips designed for AI uses What’s more, Arya thinks that Intel is undervalued on a sum-of-the-parts basis. That could change as the company moves to separate its design and manufacturing financials early next year. “This should help compare each business unit to its respective [comparables],”

Intel’s Stock Sheds a Bear as a Key Catalyst Awaits Read Post »

Nvidia Stock Remains A Bargain Despite More Than Tripling In 2023, Says Bernstein Analyst: ‘Cheapest AI Play’

/ / Technology /

The AI revolution has not only sparked a sea change in several industries this year, but it has also more than tripled the Nvidia Corp. (NASDAQ:NVDA) stock in 2023. Yet, it remains the “cheapest AI play” right now, according to a Bernstein analyst. What Happened: Bernstein Research’s senior semiconductor analyst Stacy Rasgon thinks that Jensen Huang-led Nvidia is still a value purchase despite the massive rally this year. Powered by the AI revolution, Nvidia’s shares have surged over 241% in 2023 so far. Despite this, the company’s valuations are the cheapest they have been since the cryptocurrency bubble burst in 2018. Rasgon has a target of $700 for the Nvidia stock, which is currently trading at $488.90. Despite the spectacular returns this year, though, Rasgon says the rally has been “disappointing.” Over the last month, the stock has actually declined by 1.2% even though its earnings beat expectations. “In fact, while forward estimates have quadrupled this year as

Nvidia Stock Remains A Bargain Despite More Than Tripling In 2023, Says Bernstein Analyst: ‘Cheapest AI Play’ Read Post »

Scroll to Top