Technology

Qualcomm Inc.(NASDAQ:QCOM) adjusted revenue for Q1 2023 was $9.46 billion

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Qualcomm’s (NASDAQ:QCOM) adjusted revenue for the first quarter of 2023 was $9.46 billion, compared to analysts’ expectations of $9.61 billion; first-quarter adjusted earnings per share were $2.37 versus analysts’ expectations of $2.35; second-quarter revenue was expected to be $8.7 billion to $9.5 billion, compared with analysts’ expectations of $9.58 billion; and second-quarter adjusted earnings per share were expected to be $2.05 to $2.25, versus analysts’ expectations of $2.29.

Qualcomm Inc.(NASDAQ:QCOM) adjusted revenue for Q1 2023 was $9.46 billion Read Post »

Piper Sandler: Upgraded Meta Platforms (NASDAQ:META) from neutral to overweight

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Piper Sandler analyst Thomas Champion upgraded Meta Platforms (NASDAQ:META) to overweight from neutral and raised its price target to $215 from $136. The analyst said in the research note that Meta’s spending guidance for fiscal 2023 was significantly lowered, resulting in a “significant increase” in free cash flow forecasts. Analysts believe that despite the difficulties in the advertising market and the fact that the company’s investment in the metaverse space has not compromised, the dramatic change in this quarter’s results justifies the company to receive a more constructive rating.

Piper Sandler: Upgraded Meta Platforms (NASDAQ:META) from neutral to overweight Read Post »

Meta Platforms (NASDAQ:META) expects investments to drive corporate spending to continue to rise in 2023

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Meta Platforms (NASDAQ:META) said expected investments in data center capacity, servers, network infrastructure and number of employees will drive the company’s expenses to continue to rise in 2023, which is expected to adversely affect operating margins and profitability.

Meta Platforms (NASDAQ:META) expects investments to drive corporate spending to continue to rise in 2023 Read Post »

JPMorgan Chase: Raised Meta Platforms (NASDAQ:META) price target to $225 from $150

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JPMorgan Chase & Co. pointed out that Meta Platforms (NASDAQ:META) exceeded expectations in Q4 last year, and CEO Zuckerberg designated 2023 as the “year of efficiency”, in sharp contrast to last year’s Q3 earnings report, and believes that its current internal policy will promote long-term development. The bank pointed out that the results showed that Meta performed well in a challenging macro environment, with improved e-commerce ad spending, strong growth in Instagram short video platforms Reels and click-through advertising (CTM), innovation driven by artificial intelligence technology, and changes in platform privacy protection measures. Lower costs have been the biggest driver in the near term, with Meta expecting total spending to fall by $5 billion this year to $89 billion to $95 billion, beating expectations. Xiaomo said that it remained bullish on Meta, raising its target price to $225, corresponding to the 2024 GAAP EPS forecast of about 17.5 times, reiterating

JPMorgan Chase: Raised Meta Platforms (NASDAQ:META) price target to $225 from $150 Read Post »

Bank of America Securities: Raised Alphabet (NASDAQ:GOOGL) price target to $119, rating buy

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Bank of America Securities reported that Alphabet (NASDAQ:GOOGL) is expected to have revenue of $63.6 billion in the fourth quarter of last year and GAAP earnings per share of $1.20, while lower interest income is still putting pressure on earnings per share, and that the company’s core profit margin in the fourth quarter of last year is expected to fall by 566 basis points year-on-year as the number of employees grows more than surveyed. The bank raised its revenue forecast for the year by 1% to $254.2 billion, up 8% year-on-year, EBITDA by 4% to $121 billion, and GAAP EPS by 3% to $5.4, and raised its price target to $119 from $116, reiterating its Buy rating.

Bank of America Securities: Raised Alphabet (NASDAQ:GOOGL) price target to $119, rating buy Read Post »

Meta Platforms  (NASDAQ:META) Q4 2022 revenue of $32.16 billion, YoY-4.47%

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Meta Platforms  (NASDAQ:META) Stock price trend forecast and trading range: Updated to: 2023.2.1 (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 : $140 – $180 Support: $140 resistance: $180 Stop Loss Price: $140 price target: $180 Buy the position again: stop fall and rise to $140 Medium-term trend: bullish High sell low buy range: $140 – $190 Support: $140 resistance: $190 Stop Loss price: $140 price target: $190 Buy the position again: stop fall and rise to $140 Long-term trend: bullish High sell low buy of range: $140 – $200 Support : $140 resistance: $200 Stop Loss price: $140 price target : $200 Buy the position again: stop fall and rise to $140 From Analysis from financial statements: From the analysis of financial statements,

Meta Platforms  (NASDAQ:META) Q4 2022 revenue of $32.16 billion, YoY-4.47% Read Post »

Microsoft Corp. (NASDAQ:MSFT) revenue of $52.7 B in Q2 2023, YoY+2%

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Microsoft Corp. (NASDAQ:MSFT) Stock price trend forecast and trading range: Updated to: 2023.2.1 (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 : $240 – $260 Support: $240 resistance: $260 Stop Loss Price: $240 price target: $260 Buy the position again: stop fall and rise to $240 Medium-term trend: bullish High sell low buy range: $230 – $260 Support: $240 resistance: $260 Stop Loss price: $240 price target: $260 Buy the position again: stop fall and rise to $240 Long-term trend: bearish High sell low buy of range: $220 – $280 Support : $220 resistance: $280 Stop Loss price: $220 price target : $280 Buy the position again: stop fall and rise to $220 From Analysis from financial statements: Microsoft Posts Q2 EPS of $2.32

Microsoft Corp. (NASDAQ:MSFT) revenue of $52.7 B in Q2 2023, YoY+2% Read Post »

Mizuho: Maintain AMD (NASDAQ:AMD) “Buy” rating and lower its price target to $90

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Mizuho analyst Vijay Rakesh lowered AMD (NASDAQ:AMD) price target to $90 from $95 and maintained a “buy” rating. The analyst told investors in a research note that the company posted results in line with expectations and expects the March quarter to be “better than expected.” The company believes AMD’s short-term margins may weaken as data center growth slows, but expects some improvement in the second half of 2023.

Mizuho: Maintain AMD (NASDAQ:AMD) “Buy” rating and lower its price target to $90 Read Post »

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