Technology

Morgan Stanley raised Nvidia (NASDAQ:NVDA) price target to $304 from $255

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Morgan Stanley has moved its rating on NVIDIA’s (NASDAQ:NVDA) stock to overweight from equal-weight, with a price target of $304, up from $255. The technology company is expected “to be the core hardware enabler” of the large language model trend, which will be reflected in its results in the coming years, analysts Joseph Moore, Scott Fessler, Mason Wayne and Shane Brett said.

Morgan Stanley raised Nvidia (NASDAQ:NVDA) price target to $304 from $255 Read Post »

Stifel Raised Meta Platforms (NASDAQ:META) price target to $230 Maintain Buy rating

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Stifel analyst Mark Kelley will raise its price target on Meta Platforms (NASDAQ:META) to $230 from $210 and maintain a buy rating on the stock after the company released an 8-K filing detailing a new round of work and cost-cutting measures. The analyst told investors in a research note that he lowered his total spending on Meta for 2023 and 2024; Given that the vast majority of these changes will occur in April and May, some degree of disruption is expected, so the revenue growth assumptions have been slightly downgraded.

Stifel Raised Meta Platforms (NASDAQ:META) price target to $230 Maintain Buy rating Read Post »

Truist: Raised Meta Platforms (NASDAQ:META) price target to $230 Maintain Buy rating

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Truist analyst Youssef Squali will raise its price target on Meta Platforms (NASDAQ:META) to $230 from $215 and maintain a buy rating on the stock. The analyst noted that the company’s second round of layoffs, which affects 10,000 jobs, will result in annualized cost savings of $2.5 billion to $3.5 billion and should start having a positive impact on profitability in the second half of the year. The analyst added that the move was welcome given that growth has slowed sharply and future visibility remains uncertain.

Truist: Raised Meta Platforms (NASDAQ:META) price target to $230 Maintain Buy rating Read Post »

Mizuho Raised Meta Platforms (NASDAQ:META) price target to $235 Maintain Buy rating

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Mizuho raised its price target on Meta Platforms (NASDAQ:META) to $235 from $210 and maintained a buy rating on the stock as a go-to stock. The analyst told investors in a research note that Meta continued to deliver on its promise of an “efficiency year,” announcing another round of restructuring that reduced operating costs by 7 percentage points in fiscal 2023 to year-over-year growth2. The bank believes that Meta “still has enough capacity to unleash further productivity”; Metaverse investment still accounts for 11% of its total revenue, and the research and development intensity is twice that of peers Alphabet and Amazon.

Mizuho Raised Meta Platforms (NASDAQ:META) price target to $235 Maintain Buy rating Read Post »

Cowen raised Meta Platforms(NASDAQ:META) price target to $190 from $175

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TD Cowen analyst John Blackledge described Meta Platforms(NASDAQ:META) raised its price target to $190 from $175 and maintained its “outperform” rating. “They disclosed updates to employees on the company’s 23 efficiency programs; The plan calls for 10,000 job cuts and the elimination of 5,000 open positions, and we updated our model to reflect the new guidelines. ”

Cowen raised Meta Platforms(NASDAQ:META) price target to $190 from $175 Read Post »

UBS: reiterated Meta Platforms (NASDAQ:META) Buy Rating with a $235 price target

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UBS reiterated its Buy rating on Meta Platforms (NASDAQ:META) with a price target of $235 and continued to rank the stock as the “best option,” with a $3 billion operating cost cut combined with a $3 billion restructuring charge to reduce core operating costs by $6 billion in 2023 and approximately $8 billion in operating cost savings in 2024. UBS said this equates to nearly $2.50 in tax-affected earnings per share, while the bank’s forecast for GAAP earnings per share for fiscal 2024 ($13) is higher than consensus expectations.

UBS: reiterated Meta Platforms (NASDAQ:META) Buy Rating with a $235 price target Read Post »

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