Mizuho analyst Vijay Rakesh maintains Applied Materials, Inc. (Nasdaq: AMAT) with a Buy and raises the price target from $185 to $225.
Mizuho raises Applied Materials, Inc. (Nasdaq: AMAT) price target from $185 to $225 Read Post »
Nvidia reports fourth-quarter fiscal-2024 earnings. This is perhaps the most consequential earnings release for the stock market so far this year, as much of the gains in the S&P 500 over the past year have been powered by artificial-intelligence hype and hope. Shares of Nvidia, the poster child of the AI boom, have already rallied 47% this year after jumping 239% in 2023. Consensus estimates are for Nvidia to earn $4.59 a share on $20.4 billion in revenue for the quarter.
Nvidia Corp. (NASDAQ:NVDA)’s Earnings Preview Read Post »
Keybanc analyst Eric Heath maintains CrowdStrike Holdings (NASDAQ:CRWD) with a Overweight and raises the price target from $318 to $375.
Keybanc raises CrowdStrike Holdings (NASDAQ:CRWD) price target from $318 to $375 Read Post »
MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 14.56% Keybanc $500 → $543 Maintains Overweight 01/26/2024 -14.56% DA Davidson → $405 Initiates Coverage On → Neutral 01/22/2024 -7.17% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 01/17/2024 4.43% Needham → $495 Reiterates Buy → Buy 01/04/2024 -13.5% UBS $475 → $410 Downgrades Buy → Neutral 12/06/2023 -11.39% Mizuho $330 → $420 Maintains Neutral 12/06/2023 0.21% RBC Capital $445 → $475 Maintains Outperform 12/06/2023 0.85% Barclays $470 → $478 Maintains Overweight 12/06/2023 4.43% Needham $445 → $495 Maintains Buy 12/06/2023 5.49% Piper Sandler $425 → $500 Maintains Overweight 12/04/2023 -5.06% Stifel → $450 Reiterates Buy → Buy 11/16/2023 5.49% Wells Fargo → $500 Initiates Coverage On → Overweight 11/13/2023 -9.28% Truist Securities → $430 Reiterates Buy → Buy 11/08/2023 -9.91% Capital One → $427 Upgrades Equal-Weight
MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings Read Post »
HP (NYSE:HPQ) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 15.87% HSBC $30 → $33 Upgrades Hold → Buy 12/12/2023 22.89% Morgan Stanley $31 → $35 Upgrades Equal-Weight → Overweight 12/11/2023 40.45% Evercore ISI Group $33 → $40 Upgrades In-Line → Outperform 11/20/2023 15.87% Evercore ISI Group → $33 Reiterates In-Line → In-Line 11/13/2023 15.87% Citigroup $31 → $33 Upgrades Neutral → Buy 11/07/2023 — Edward Jones Upgrades Hold → Buy 10/11/2023 8.85% Morgan Stanley $30 → $31 Maintains Equal-Weight 10/03/2023 15.87% B of A Securities → $33 Upgrades Underperform → Buy 08/30/2023 8.85% Citigroup $32 → $31 Maintains Neutral 08/30/2023 5.34% Deutsche Bank $32 → $30 Maintains Hold 08/30/2023 -19.24% Barclays $24 → $23 Maintains Underweight 08/30/2023 36.94% JP Morgan $40 → $39 Maintains Overweight 08/30/2023 5.34% Morgan Stanley $32 → $30 Maintains Equal-Weight 08/30/2023 -12.22% B of A Securities
HP (NYSE:HPQ) Stock Analyst Ratings Read Post »
ASML Holding (NASDAQ: ASML) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 14.21% Wells Fargo $950 → $1050 Maintains Overweight 01/26/2024 19.65% Susquehanna $830 → $1100 Maintains Positive 01/25/2024 8.77% Raymond James $850 → $1000 Maintains Strong Buy 01/19/2024 -7.55% Raymond James $725 → $850 Maintains Strong Buy 11/30/2023 -4.5% JP Morgan $726 → $878 Maintains Overweight 10/19/2023 -21.03% JP Morgan $732 → $726 Maintains Overweight 10/12/2023 -11.9% Susquehanna $850 → $810 Maintains Positive 10/11/2023 -20.38% JP Morgan $772 → $732 Maintains Overweight 07/28/2023 — Bernstein Downgrades Outperform → Market Perform 07/20/2023 -12.99% Wells Fargo $775 → $800 Maintains Overweight 06/16/2023 — New Street Research Downgrades Buy → Neutral 01/26/2023 -15.7% Argus Research $590 → $775 Maintains Buy 01/26/2023 -18.21% JP Morgan $710 → $752 Maintains Overweight 11/14/2022 — Susquehanna Upgrades Neutral → Positive 11/14/2022 -27.67% Wells Fargo $510 → $665
ASML Holding (NASDAQ: ASML) Stock Analyst Ratings Read Post »
Snowflake (NYSE:SNOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/15/2024 -9.05% HSBC → $214 Downgrades Buy → Hold 02/02/2024 -5.23% Raymond James $190 → $223 Maintains Outperform 01/22/2024 -9.9% JMP Securities → $212 Reiterates Market Outperform → Market Outperform 01/16/2024 -2.25% Truist Securities $210 → $230 Maintains Buy 01/12/2024 -15.85% Barclays → $198 Downgrades Overweight → Equal-Weight 01/08/2024 -4.38% Needham → $225 Reiterates Buy → Buy 01/05/2024 -2.25% RBC Capital → $230 Initiates Coverage On → Outperform 01/04/2024 -32% Monness, Crespi, Hardt → $160 Downgrades Neutral → Sell 01/02/2024 6.25% Piper Sandler $220 → $250 Maintains Overweight 12/11/2023 -2.25% TD Cowen $215 → $230 Maintains Outperform 12/01/2023 -19.25% Rosenblatt $170 → $190 Maintains Neutral 11/30/2023 -3.95% Scotiabank $194 → $226 Maintains Sector Outperform 11/30/2023 -19.25% Raymond James $170 → $190 Maintains Outperform 11/30/2023 -0.13% Stifel $200 → $235 Maintains Buy 11/30/2023
Snowflake (NYSE:SNOW) Stock Analyst Ratings Read Post »
Eric J. Savitz Snowflake (NYSE:SNOW) stock has soared nearly 70% since late October, including a 16% gain since the start of 2024, reaching its highest level in nearly two years. At least one analyst thinks it’s time to take some profits. Stephen Bersey, head of U.S. technology research at HSBC Global Research, on Thursday cut his rating on Snowflake stock to Hold from Buy, while inching up his target price to $214 from $212 to reflect higher earnings estimates. But that’s still below the stock’s current level — Snowflake shares are off 2.7% on Thursday at $229.60. Snowflake, which provides cloud-based data-warehousing software, is widely perceived as a beneficiary of the enterprise artificial-intelligence trend. Bersey points out in a research note that the company has “strong fundamentals,” with expected adjusted earnings per share to rise at a compounded annual rate of 47% through 2028, driven by a combination of 30%
Microsoft (MSFT) said Thursday it plans to invest 3.2 billion euros ($3.44 billion) over the next two years to expand the cloud and artificial intelligence infrastructure in Germany. The investment will double the technology giant’s AI infrastructure and cloud capacity to meet Germany’s “accelerating demand” for AI services, Microsoft President Brad Smith said in a post on social media platform X. The co
Microsoft to Invest $3.44 Billion in Germany to Expand Cloud, AI Infrastructure Read Post »
Applied Materials Sees 2Q Adj EPS $1.79-Adj EPS $2.15.
Applied Materials Sees 2Q Adj EPS $1.79-Adj EPS $2.15 Read Post »
Applied Materials Announces First Quarter 2024 Results — Revenue $6.71 billion, flat year over year — GAAP operating margin 29.3 percent and non-GAAP operating margin 29.5 percent, up 0.1 points and flat year over year, respectively — GAAP EPS $2.41 and non-GAAP EPS $2.13, up 19 percent and 5 percent year over year, respectively — Generated $2.33 billion in cash from operations SANTA CLARA, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) — Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its first quarter ended Jan. 28, 2024. First Quarter Results Applied generated revenue of $6.71 billion. On a GAAP basis, the company reported gross margin of 47.8 percent, operating income of $1.97 billion or 29.3 percent of net revenue, and earnings per share (EPS) of $2.41. On a non-GAAP basis, the company reported gross margin of 47.9 percent, operating income of $1.98 billion or 29.5 percent of net revenue, and
Applied Materials, Inc. (Nasdaq: AMAT) Announces First Quarter 2024 Results Read Post »
Applied Materials, Inc. (Nasdaq: AMAT) reported quarterly earnings of $2.13 per share which beat the analyst consensus estimate of $1.91 by 11.52 percent. The company reported quarterly sales of $6.71 billion which beat the analyst consensus estimate of $6.48 billion by 3.55 percent. This is a 0.47 percent decrease over sales of $6.74 billion the same period last year.