Technology

Jefferies: Maintain Salesforce (NYSE:CRM) with a buy rating and a $230 price target

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After Salesforce (NYSE:CRM) announced its restructuring plan, including cutting about 10 percent of its workforce, Jefferies analyst Brent Thill said he saw the plan as “a step in the right direction” that would lead to higher medium-term profit margins. He added that management is expected to provide more information on the impact of the macro environment when it provides initial guidance for fiscal 2024 next quarter. The analyst believes that Wall Street’s 10.5% growth forecast for its fiscal 2024 is still too high, but buyers’ expectations have been diluted. He forecasts a top-line compound growth rate of 15% to $46 billion through fiscal 2026, maintaining a buy rating and $230 price target on the stock.

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Apple Reportedly to Replace Broadcom Chips, Qualcomm Parts With Its Own Components

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Apple (NASDAQ:AAPL) reportedly plans to replace Broadcom chips used in its devices with in-house designed parts in 2025, Bloomberg reported, citing unidentified people familiar with the matter. A combined Wi-Fi and Bluetooth chip would replace Broadcom’s parts, the report said. The company also targets to swap out electronics from Qualcomm Inc. after preparing its first cellular modem chip by the end of 2024, or early 2025, Bloomberg added. Apple is Broadcom’s largest customer and represented 20% of the chipmaker’s revenue in the last fiscal year, accounting for about $7 billion. Up to 22%, or $10 billion, of Qualcomm’s annual sales, are linked to Apple. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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DA Davidson expects Applied Materials’s (NASDAQ:AMAT) EPS of $1.93 for Q1 2023

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3/1/2023 DA Davidson analyst H. Chung expects that the manufacturing equipment provider will post earnings per share of $1.93 for the quarter. DA Davidson has a “Buy” rating on the stock. The consensus estimate for Applied Materials’ current full-year earnings is $6.82 per share. DA Davidson also issued estimates for Applied Materials’ FY2023 earnings at $6.98 EPS and FY2024 earnings at $6.64 EPS.

DA Davidson expects Applied Materials’s (NASDAQ:AMAT) EPS of $1.93 for Q1 2023 Read Post »

Applied Materials (NASDAQ:AMAT)Stock price trend forecast and trading range -2023.1.6

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Applied Materials, Inc. (NASDAQ:AMAT)  Stock price trend forecast and trading range: Updated to: 2023.1.6 (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: stop falling and rebound Sell high and buy low of range : $100 – $110 Support: $100 resistance: $110 Stop Loss Price: $100 price target: $110 Buy the position again: stop fall and rise to $100 Medium-term trend: stop falling and rebound High sell low buy range: $100 – $110 Support: $92 resistance: $110 Stop Loss price: $100 price target: $110 Buy the position again: stop fall and rise to $100 Long-term trend: stop falling and rebound High sell low buy of range: $100 – $115 Support : $92 resistance: $115 Stop Loss price: $100 price target : $115 Buy the position again: stop fall and rise to $100 From

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Salesforce (NYSE:CRM) announced reduce workforce by about 10 percent

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Salesforce (NYSE:CRM) announced: As one ‘Ohana, over the last 23 years, Salesforce has built the #1 CRM that drives incredible customer success across every line of business for every industry around the world. We have never been more mission-critical to our customers. We have an unparalleled ecosystem, with thousands of partners and millions of Trailblazers building their companies on our platform. However, the environment remains challenging and our customers are taking a more measured approach to their purchasing decisions. With this in mind, we’ve made the very difficult decision to reduce our workforce by about 10 percent, mostly over the coming weeks.

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Adobe Inc.(NASDAQ:ADBE)Stock price trend forecast and trading range -2023.1.6

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Adobe Inc.(NASDAQ:ADBE) Stock price trend forecast and trading range: Updated to: 2023.1.6 (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: the risk of stock price decline is high Sell high and buy low of range : none Support: $320 resistance: $350 Stop Loss Price: $320 price target: none Buy the position again: stop fall and rise to $320 Medium-term trend: the risk of stock price decline is high High sell low buy range: none Support: $320 resistance: $350 Stop Loss price: $320 price target: none Buy the position again: stop fall and rise to $320 Long-term trend: the risk of stock price decline is high High sell low buy of range: none Support : $310 resistance: $350 Stop Loss price: $310 price target : none Buy the position again: stop fall and

Adobe Inc.(NASDAQ:ADBE)Stock price trend forecast and trading range -2023.1.6 Read Post »

Intel Corp. (NASDAQ:INTC) Stock price trend forecast and trading range -2023.1.6

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Intel Corp. (NASDAQ:INTC) Stock price trend forecast and trading range: Updated to: 2023.1.6 (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: stop falling and rebound Sell high and buy low of range : $27 – $30 Support: $25 resistance: $30 Stop Loss Price: $27.5 price target: $30 Buy the position again: stop fall and rise to $26 Medium-term trend: Short-term stop falling High sell low buy range: $27 – $31 Support: $25 resistance: $31 Stop Loss price: $27 price target: $31 Buy the position again: stop fall and rise to $26 Long-term trend: Short-term stop falling High sell low buy of range: $27 – $36 Support : $25 resistance: $36 Stop Loss price: $26 price target : $36 Buy the position again: stop fall and rise to $26 ————————————————————————- From Analysis from

Intel Corp. (NASDAQ:INTC) Stock price trend forecast and trading range -2023.1.6 Read Post »

UBS: Microsoft’s target price Lowerd to $250

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UBS analyst Karl Keirstead put Microsoft’s (MSFT. US) downgraded its rating to “Neutral” from “Buy” while lowering its price target to $250 from $300. The analyst cited a round of field surveys of cloud service providers, including Azure Cloud Platform, and argued that growth in the size of the office market could slow in 2023 and that stock price-to-earnings ratios are already in a reasonable range rather than “cheaper.” UBS analysts told investors in a research note that the Azure cloud platform is likely to see a “sharp slowdown in business growth” in 2023, which the analyst said could be worse than expected due to its higher maturity rather than just a tough macro backdrop. In addition, the analyst added that Microsoft’s Office 365 subscription service is vulnerable to a macroeconomic slowdown in 2023. In addition, he believes Microsoft’s stock price already reflects its “defensive premium.”

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Microsoft Corp. (NASDAQ:MSFT)Stock price trend forecast and trading range -2023.1.6

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Microsoft Corp. (NASDAQ:MSFT) Stock price trend forecast and trading range: 2023.1.6 From the stock price chart analysis, the recent stock price has fallen below the previous support of $230, the signal of the stock price to stop falling in the short term is uncertain, the risk of the stock price continuing to fall is high, and short-term trading is not recommended. It is recommended to focus on the support of $212. If the support is effective, you can sell high and buy low in the short term between $215 and $230. From Analysis from financial statements,Q4 2022 achieved revenue of $51.865 billion, YoY+12.38%, net profit of $16.74 billion, YoY+1.71%, and EPS $2.23. Quarterly dividend of $0.67 per share. Raised quarterly dividend to $0.67. Sales growth slowed in Q4, but remained in double digits, and the value of long-term investment remained unchanged. The best medium-term and long-term bids are around $210.

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Apple’s price target cuts to $175 from $200 at Wedbush

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The investment firm cut the tech giant’s price target to $175 from $200 and maintained an outperform rating. Wedbush expects the 8 million to 10 million iPhone units that were pushed out of the December quarter to benefit the March quarter as demand moves into 2023. “We believe Apple has a unique installed base demand story that can withstand the Category 5 macro pressures around the corner better than its tech peers and should remain a Rock of Gibraltar name into 2023,” Wedbush analysts Daniel Ives and John Katsingris said.

Apple’s price target cuts to $175 from $200 at Wedbush Read Post »

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