Technology

Bank of America: Raised Alphabet (NASDAQ:GOOGL) price target to $125 with a buy rating

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Bank of America Securities released a report that Alphabet (NASDAQ:GOOGL) net income in the fourth quarter of last year was $63.1 billion, less than market expectations of $63.6 billion; Among them, YouTube revenue was worse than expected, further slowing down from 2% year-on-year in the third quarter to 8% year-on-year in the fourth quarter, mainly due to the further decline in advertising expenditure. Quarterly GAAP operating income and earnings per share were $18.2 billion and $1.05, respectively, also below market expectations of $18.6 billion and $1.18. The bank mentioned that although the group’s revenue was under pressure, the lower than expected cost of R&D and sales and marketing in the quarter, coupled with layoffs and lower server depreciation, could generate higher gross margin and stable earnings per share. Bank of America Securities raised its target price on Alphabet to $125 from $119 and maintained its buy rating.

Bank of America: Raised Alphabet (NASDAQ:GOOGL) price target to $125 with a buy rating Read Post »

Morgan Stanley: Raised Qualcomm (NASDAQ:QCOM) price target to $145 with an overweight rating

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Morgan Stanley reported that Qualcomm’s (NASDAQ:QCOM) growth guidance for the quarter ending March was roughly in line with market expectations, which is expected to help alleviate investor anxiety, but the company’s management also stressed that the difficult operating environment will persist, so it lowered its forecast for the quarter ending June accordingly. Revenue forecast for fiscal 2023 ended September this year decreased to $36,924 million from $38,579 million, and non-GAAP earnings per share forecast of $9.04, taking into account a low-double-digit decline in the patent licensing business (QTL) and a decline of more than 15% in the semiconductor business (QCT). The bank expects Qualcomm to achieve meaningful inventory digestion in the first half of this year, and expects to improve its operations in the second half of this year, and instead raises its target price from $126 to $145 based on its 2024 operating forecast.

Morgan Stanley: Raised Qualcomm (NASDAQ:QCOM) price target to $145 with an overweight rating Read Post »

UBS: raised Alphabet (NASDAQ:GOOGL) Target price to $120 Buy rating

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UBS released a research report that Alphabet (NASDAQ:GOOGL) has revealed a more cautious approach, so its view of the short-term financial risks caused by the development of artificial intelligence generation has improved slightly, but at the same time, the company’s capital expenditure on infrastructure technology has increased, reflecting that it is preparing for more computing needs, and overall believes that Alphabet is still not out of trouble, and the macroeconomy is expected to continue to bring pressure. UBS maintained its Buy rating and raised its price target from $110 to $120 supported by higher valuations, corresponding to a price-to-earnings ratio of about 20 times unchanged.

UBS: raised Alphabet (NASDAQ:GOOGL) Target price to $120 Buy rating Read Post »

Jefferies: Raised Alphabet (nasdaq:GOOGL) price target from $125 to $130 with a Buy rating

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Jefferies said Alphabet (nasdaq:GOOGL) is still challenging in its fourth quarter. Weak ad spend and foreign exchange headwinds resulted in a lower single-digit margin than expected in the advertising segment, but overall revenue was in line with expectations due to hardware and YouTube subscription growth. The bank is encouraged by the company’s increased focus on costs and monetization of AI assets. The bank said that the group’s core search business can still attract increased advertising revenue as it shifts to digital and mobile, and Google Cloud will be another breakthrough for the group as YouTube is the best platform to take advantage of online video. The bank raised its price target by 21% to $130 with a buy rating.

Jefferies: Raised Alphabet (nasdaq:GOOGL) price target from $125 to $130 with a Buy rating Read Post »

Goldman Sachs: Raised Meta Platforms (NASDAQ:META) annual revenue forecast to $215

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Goldman Sachs published a research report that as Meta Platforms (NASDAQ:META) further shakes off the industry and its own headwinds in the past year and a half, coupled with continued investment and execution in areas such as artificial intelligence and automation, and the company’s management reiterates that operating and capital expenditures will be more moderate this year, shares are expected to emerge from the decline and continue to recover. Goldman Sachs raised its first-quarter revenue forecast for Meta to $28.26 billion from $27.96 billion, EBITDA and earnings per share to $9.34 billion and $2.13, and raised its revenue forecast for this year to $123.39 billion from $122.8 billion and EBITDA and earnings per share to $43.48 billion and $10.2 respectively. Based on the outlook and earnings forecast adjustments, the bank also raised its Meta price target to $215 from $164, reiterating its “buy” rating.

Goldman Sachs: Raised Meta Platforms (NASDAQ:META) annual revenue forecast to $215 Read Post »

Morgan Stanley raised Qualcomm’s (NASDAQ:QCOM) price target to $145 a share from $126

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Qualcomm’s (NASDAQ:QCOM) higher inventory, which is a result of lower customer demand, may be a challenge for the company in the second quarter, according to analysts at Morgan Stanley. Morgan Stanley said it is lowering its 2023 revenue estimate for the semiconductor company to $36.924 billion from its previous forecast of $38.579 billion. The firm also lowered its estimates for adjusted EPS to $9.04 from $9.97. “As we think about FY23 revenue, we are modeling low double-digit declines in royalties, and high teens declines in semiconductors, largely reflecting a meaningful inventory digestion in the first half of the year,” the analysts said. Morgan Stanley still raised its price target on Qualcomm’s (NASDAQ:QCOM) stock to $145 a share from $126, while maintaining its overweight rating.

Morgan Stanley raised Qualcomm’s (NASDAQ:QCOM) price target to $145 a share from $126 Read Post »

Bank of America: Second half results may be stronger Reaffirms Qualcomm’s (NASDAQ:QCOM) “buy” rating

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Bank of America Securities analyst Tal Liani said Qualcomm’s (NASDAQ:QCOM) first-quarter results were expected, but market expectations were low and the environment would begin to improve. The analyst expects Qualcomm’s stronger results in the second half of the year and believes that expectations may have bottomed out. Given this, Liani reiterated a “buy” rating on the stock with a $150 price target.

Bank of America: Second half results may be stronger Reaffirms Qualcomm’s (NASDAQ:QCOM) “buy” rating Read Post »

Qualcomm Inc.(NASDAQ:QCOM) Fiscal Q1 Non-GAAP Earnings, Revenue Fall

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Qualcomm Inc.(NASDAQ:QCOM) reported  fiscal Q1 non-GAAP earnings of $2.37 per diluted share, down from $3.23 a year earlier. Analysts polled by Capital IQ expected $2.35. Revenue for the quarter ended Dec. 25 was $9.46 billion, down from $10.71 billion a year earlier. Analysts polled by Capital IQ expected $9.57 billion. The company said it expects fiscal Q2 non-GAAP diluted EPS of $2.05 to $2.25. Analysts polled by Capital IQ expect $2.24. The company expects revenue for the quarter of $8.7 billion to $9.5 billion. Analysts polled by Capital IQ expect $9.41 billion.

Qualcomm Inc.(NASDAQ:QCOM) Fiscal Q1 Non-GAAP Earnings, Revenue Fall Read Post »

Qualcomm Inc.(NASDAQ:QCOM) revenue of $9.463 billion in Q1 2023, YoY-12%

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Qualcomm Inc.(NASDAQ:QCOM) Stock price trend forecast and trading range: The mid-term low of $101.18 will not be a final bottom, and the probability of moving below is very high, focusing on the next earnings report. Updated to: 2023.2.3 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $130 – $140 Support: $110 resistance: $122 Stop Loss Price: $112 price target: $122 Buy the position again: stop fall and rise to $110 Medium-term trend: bullish High sell low buy range: $125 – $140 Support: $125 resistance: $140 Stop Loss price: $125 price target: $140 Buy the position again: stop fall and rise to $125 Long-term trend: bullish High sell low buy of range: none Support : $101 resistance: $140 Stop Loss price: none price target

Qualcomm Inc.(NASDAQ:QCOM) revenue of $9.463 billion in Q1 2023, YoY-12% Read Post »

Apple may launch the new high-end model “Ultra” of the iPhone in 2024

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Apple is considering further raising the price of high-end iPhone models, rather than simply renaming the Pro Max to Ultra. It is reported that Apple is discussing adding an “Ultra” high-end model to the Pro Max of the iPhone 16 series in 2024 or as soon as possible. It’s unclear what features the new high-end model offers, but speculation is likely to have larger screens, better cameras and more advanced chip designs.

Apple may launch the new high-end model “Ultra” of the iPhone in 2024 Read Post »

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