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ASML Holding (NASDAQ: ASML) Analyst Ratings

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ASML Holding (NASDAQ: ASML) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 11/30/2023 29.25% JP Morgan $726 → $878 Maintains Overweight 10/19/2023 6.88% JP Morgan $732 → $726 Maintains Overweight 10/12/2023 19.24% Susquehanna $850 → $810 Maintains Positive 10/11/2023 7.76% JP Morgan $772 → $732 Maintains Overweight 07/28/2023 — Bernstein Downgrades Outperform → Market Perform 07/20/2023 17.77% Wells Fargo $775 → $800 Maintains Overweight 06/16/2023 — New Street Research Downgrades Buy → Neutral 01/26/2023 14.09% Argus Research $590 → $775 Maintains Buy 01/26/2023 10.7% JP Morgan $710 → $752 Maintains Overweight 11/14/2022 — Susquehanna Upgrades Neutral → Positive 11/14/2022 -2.1% Wells Fargo $510 → $665 Maintains Overweight 11/08/2022 — Morgan Stanley Initiates Coverage On → Overweight 10/21/2022 — New Street Research Upgrades Neutral → Buy 10/20/2022 — Deutsche Bank Upgrades Hold → Buy 10/10/2022 -24.92% Wells Fargo $600 → $510 Maintains Overweight 07/21/2022 […]

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MongoDB, Inc. (NASDAQ: MDB) Analyst Ratings

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MongoDB, Inc. (NASDAQ: MDB) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/06/2023 21.6% Piper Sandler $425 → $500 Maintains Overweight 12/04/2023 9.44% Stifel → $450 Reiterates Buy → Buy 11/16/2023 21.6% Wells Fargo → $500 Initiates Coverage On → Overweight 11/13/2023 4.57% Truist Securities → $430 Reiterates Buy → Buy 11/08/2023 3.84% Capital One → $427 Upgrades Equal-Weight → Overweight 10/23/2023 7% Keybanc $495 → $440 Maintains Overweight 10/12/2023 9.44% B of A Securities → $450 Initiates Coverage On → Buy 10/10/2023 -18.53% Scotiabank → $335 Initiates Coverage On → Sector Perform 10/06/2023 20.38% Tigress Financial $490 → $495 Reiterates Buy → Buy 09/05/2023 9.44% Canaccord Genuity $410 → $450 Maintains Buy 09/05/2023 17.7% Argus Research $435 → $484 Maintains Buy 09/01/2023 13.08% UBS $425 → $465 Maintains Buy 09/01/2023 4.57% Truist Securities $420 → $430 Maintains Buy 09/01/2023 16.73% Morgan Stanley

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MongoDB Delivered Strong Q3 Results, Momentum Building for Fiscal 2025, Oppenheimer Says

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MongoDB (MDB) has posted another quarter of outperformance and the company has the potential for sustained momentum into fiscal 2025, Oppenheimer said in a note to clients emailed Wednesday. “Solid execution by management continues to drive the company’s success in winning incremental workloads/customers, highlighting the mission-critical nature of MongoDB’s platform,” said Oppenheimer analysts including Ittai Kidron. The company reported fiscal Q3 non-GAAP diluted earnings late Tuesday of $0.96 per share, up from $0.23 a year earlier. Analysts polled by Capital IQ expected $0.50. Revenue for the quarter was $432.9 million, up from $333.6 million a year earlier. Analysts expected $404 million. “We see potential for sustained momentum into FY25,” the analysts said. “MongoDB’s mission-critical data platform is positioned to see increasing adoption from customers looking to modernize their architecture for new GenAI initiatives, and the recently released Vector Search can drive higher consumption from the existing base.” The investment firm

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Arm Holdings plc (NASDAQ: ARM) Analyst Ratings

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Arm Holdings plc (NASDAQ: ARM) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 11/20/2023 26.33% Wells Fargo → $70 Initiates Coverage On → Overweight 11/10/2023 -0.74% Morgan Stanley → $55 Initiates Coverage On → Equal-Weight 10/18/2023 17.31% Keybanc → $65 Initiates Coverage On → Overweight 10/10/2023 13.7% Daiwa Capital → $63 Initiates Coverage On → Buy 10/09/2023 24.53% Loop Capital → $69 Initiates Coverage On → Buy 10/09/2023 53.4% Rosenblatt → $85 Initiates Coverage On → Buy 10/09/2023 — Wolfe Research Initiates Coverage On → Peer Perform 10/09/2023 17.31% B of A Securities → $65 Initiates Coverage On → Buy 10/09/2023 11.89% Mizuho → $62 Initiates Coverage On → Buy 10/09/2023 15.5% Guggenheim → $64 Initiates Coverage On → Buy 10/09/2023 13.7% TD Cowen → $63 Initiates Coverage On → Outperform 10/09/2023 15.5% Jefferies → $64 Initiates Coverage On → Buy 10/09/2023 8.28%

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CFRA Begins Coverage On Shares Of Arm Holdings With A Hold Opinion

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We start our 12-month target price at $65, on peer-premium P/E of 37.8x our CY 25 EPS estimate at $1.72 to reflect ARM’s higher margin (+95% gross margin) as well as more recurring-based royalty and licensing businesses. We initiate our FY 24 (Mar.) EPS estimate at $1.05, FY 25 at $1.36, and FY 26 at $1.68. Our Hold reflects our view that ARM will remain highly dependent on the sluggish mobility market (+99% share) coupled with its elevated valuation but offset by the company’s rapidly expanding total addressable market (+$200B in CY 22; growing at a mid-single-digit percentage). Increasing emphasis on the cloud and automotive arenas (up 20% in the Sep-Q) represents opportunities, as we see greater compute intensity/content growth related to AI supporting upside to revenue.

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Snowflake (NYSE:SNOW) Analyst Ratings

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Snowflake (NYSE:SNOW) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/11/2023 21.15% TD Cowen $215 → $230 Maintains Outperform 12/01/2023 0.08% Rosenblatt $170 → $190 Maintains Neutral 11/30/2023 19.05% Scotiabank $194 → $226 Maintains Sector Outperform 11/30/2023 0.08% Raymond James $170 → $190 Maintains Outperform 11/30/2023 23.79% Stifel $200 → $235 Maintains Buy 11/30/2023 10.62% Truist Securities $200 → $210 Maintains Buy 11/30/2023 11.67% JMP Securities $200 → $212 Maintains Market Outperform 11/30/2023 10.62% Mizuho $180 → $210 Maintains Buy 11/30/2023 26.42% Oppenheimer $220 → $240 Maintains Outperform 11/30/2023 10.62% Wells Fargo $190 → $210 Maintains Overweight 11/30/2023 5.35% JP Morgan $170 → $200 Maintains Overweight 11/30/2023 21.15% Morgan Stanley $215 → $230 Maintains Overweight 11/30/2023 18.52% Needham $216 → $225 Maintains Buy 11/30/2023 15.89% Piper Sandler $195 → $220 Maintains Overweight 11/29/2023 5.35% JMP Securities → $200 Reiterates Market Outperform → Market

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Lam Research (NASDAQ:LRCX) Analyst Ratings

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Lam Research (NASDAQ:LRCX) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/08/2023 2.71% Morgan Stanley → $720 Downgrades Overweight → Equal-Weight 11/22/2023 14.12% Redburn Atlantic → $800 Initiates Coverage On → Buy 10/19/2023 -0.14% JP Morgan $720 → $700 Maintains Overweight 10/19/2023 -0.14% B. Riley Securities $690 → $700 Maintains Neutral 10/13/2023 14.12% Needham → $800 Upgrades Hold → Buy 10/05/2023 3.42% UBS $750 → $725 Maintains Buy 09/15/2023 17.69% Wolfe Research → $825 Initiates Coverage On → Outperform 08/28/2023 6.99% Stifel $725 → $750 Maintains Buy 07/27/2023 2.71% Morgan Stanley $550 → $720 Maintains Overweight 07/27/2023 2.71% JP Morgan $550 → $720 Maintains Overweight 07/27/2023 -7.28% Wells Fargo $620 → $650 Maintains Equal-Weight 07/27/2023 14.12% Citigroup $695 → $800 Maintains Buy 07/27/2023 -14.41% Barclays $575 → $600 Maintains Equal-Weight 07/24/2023 3.42% Stifel $505 → $725 Upgrades Hold → Buy 07/24/2023 -3% Mizuho

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Morgan Stanley’s Semiconductor Picks: Why It’s Bullish On Qorvo, Sidelined On Qualcomm, LAM

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Morgan Stanley raised its industry view on semiconductors from In-Line to Attractive on Friday, saying it expects to see the market turn more positive on the device side as an inventory correction runs its course in the first half of 2024. “The seeds for the current cycle view were planted during the shortages of 2021-22. As normally happens, that led to severe inventory excess,” said analyst Joseph Moore. That doesn’t mean there won’t be a recovery, he explained — as enthusiasm for systems such as artificial intelligence (AI) in all its forms will continue to drive demand for processing power. Preferring the devices side over semi-cap — which are the companies that produce equipment used in the manufacture of semiconductors — Morgan Stanley said computing is its top industry, given the AI boom. It downgraded the semi-cap industry to Cautious.

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Qualcomm (NASDAQ: QCOM) Analyst Ratings

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Qualcomm (NASDAQ: QCOM) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/08/2023 0.72% Morgan Stanley $119 → $132 Downgrades Overweight → Equal-Weight 11/03/2023 6.83% DZ Bank → $140 Upgrades Hold → Buy 11/02/2023 6.83% JP Morgan $135 → $140 Maintains Overweight 11/02/2023 6.83% Susquehanna $130 → $140 Maintains Positive 11/02/2023 -9.19% Morgan Stanley $129 → $119 Maintains Overweight 10/24/2023 -0.8% Susquehanna $140 → $130 Maintains Positive 09/14/2023 10.64% Rosenblatt → $145 Reiterates Buy → Buy 09/14/2023 10.64% Keybanc → $145 Reiterates Overweight → Overweight 09/12/2023 -23.69% Wells Fargo $95 → $100 Maintains Underweight 08/23/2023 6.83% Mizuho → $140 Reiterates Buy → Buy 08/09/2023 -4.62% Daiwa Capital → $125 Downgrades Buy → Outperform 08/03/2023 6.83% Piper Sandler $120 → $140 Maintains Overweight 08/03/2023 -1.56% Morgan Stanley $125 → $129 Maintains Overweight 08/03/2023 6.83% Susquehanna $145 → $140 Maintains Positive 08/03/2023 10.64% Rosenblatt → $145

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Broadcom (NASDAQ:AVGO) Analyst Ratings

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Broadcom (NASDAQ:AVGO) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/08/2023 — Summit Insights Group Upgrades Hold → Buy 12/04/2023 7.93% Rosenblatt → $1000 Reiterates Buy → Buy 12/04/2023 18.73% Oppenheimer $990 → $1100 Maintains Outperform 11/28/2023 18.73% Susquehanna $1010 → $1100 Maintains Positive 11/24/2023 29.52% Keybanc $1000 → $1200 Maintains Overweight 09/22/2023 7.39% Truist Securities → $995 Reiterates Buy → Buy 09/21/2023 7.39% Truist Securities → $995 Reiterates Buy → Buy 09/18/2023 9.01% Susquehanna → $1010 Reiterates Positive → Positive 09/14/2023 7.93% Keybanc → $1000 Reiterates Overweight → Overweight 09/08/2023 7.39% Truist Securities $942 → $995 Maintains Buy 09/05/2023 7.93% Baird $900 → $1000 Maintains Outperform 09/01/2023 5.23% Piper Sandler $925 → $975 Maintains Overweight 09/01/2023 7.93% Evercore ISI Group → $1000 Reiterates Outperform → Outperform 09/01/2023 -2.86% Wells Fargo $800 → $900 Maintains Equal-Weight 09/01/2023 6.85% Oppenheimer $900 → $990 Maintains

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