Technology

Qualys Share Price Seen Slipping as Microsoft Partnership Concludes in May, Morgan Stanley Says

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Microsoft’s (MSFT) decision to end its original equipment manufacturing partnership with Qualys (QLYS) on May 1 poses potential “material” topline risks for the cloud protection and cybersecurity company, Morgan Stanley said in a research note. The Morgan Stanley analysts estimated that Microsoft likely accounts for 5% to 10% of Qualys’ yearly revenue, which totaled $489.7 million in 2022, the last year for which full results are available. “We see topline pressures increasingly probable going forward,” the analysts said, adding Qualys’ share price does not adequately reflect those risks. Morgan Stanley reiterated its underweight stock rating and $150 price target for Qualys, saying the company will need to boost sales and marketing spending during 2024, which will weigh on its earnings before interest, taxes, depreciation and amortization margin this year. The share price also could see a more than 20% decline from current levels, they said. Qualys shares were down by […]

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Earnings Outlook For Gartner (NYSE:IT)

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Gartner (NYSE:IT) is set to give its latest quarterly earnings report on Tuesday, 2024-02-06. Here’s what investors need to know before the announcement. Analysts estimate that Gartner will report an earnings per share (EPS) of $2.83. Gartner bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

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Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings

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Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 18.36% Goldman Sachs $625 → $800 Maintains Buy 01/29/2024 14.66% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 01/23/2024 14.66% Cantor Fitzgerald → $775 Initiates Coverage On → Overweight 01/19/2024 3.57% Raymond James $600 → $700 Maintains Strong Buy 01/18/2024 16.88% Tigress Financial $560 → $790 Maintains Buy 01/16/2024 9.49% Keybanc $650 → $740 Maintains Overweight 01/03/2024 -39.34% DA Davidson → $410 Initiates Coverage On → Neutral 11/22/2023 -3.83% Oppenheimer → $650 Reiterates Outperform → Outperform 11/22/2023 -1.61% Stifel $600 → $665 Maintains Buy 11/22/2023 -7.53% Susquehanna → $625 Reiterates Positive → Positive 11/22/2023 -14.19% UBS $560 → $580 Maintains Buy 11/22/2023 — Edward Jones Downgrades Buy → Hold 11/22/2023 -7.53% Mizuho $590 → $625 Maintains Buy 11/22/2023 -7.53% Benchmark → $625 Reiterates Buy → Buy 11/22/2023 -3.83% BMO Capital

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Meta Platforms (NASDAQ:META) Stock Analyst Ratings

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Meta Platforms (NASDAQ:META) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 8.44% Goldman Sachs $414 → $500 Maintains Buy 02/02/2024 16.03% JP Morgan $420 → $535 Maintains Overweight 02/02/2024 13.86% Truist Securities $405 → $525 Maintains Buy 02/02/2024 14.3% Stifel $405 → $527 Maintains Buy 02/02/2024 14.95% UBS $425 → $530 Maintains Buy 02/02/2024 13.86% Oppenheimer $385 → $525 Maintains Outperform 02/02/2024 8.44% JMP Securities $410 → $500 Maintains Market Outperform 02/02/2024 22.54% RBC Capital $400 → $565 Maintains Outperform 02/02/2024 8.44% Roth MKM $365 → $500 Maintains Buy 02/02/2024 8.44% Goldman Sachs $414 → $500 Maintains Buy 02/02/2024 24.71% Keybanc $465 → $575 Maintains Overweight 02/02/2024 19.28% Raymond James $450 → $550 Maintains Strong Buy 02/02/2024 12.78% Wedbush $420 → $520 Maintains Outperform 02/02/2024 19.28% Susquehanna $400 → $550 Maintains Positive 02/02/2024 19.28% Barclays $400 → $550 Maintains Overweight 02/02/2024

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Nvidia Stock On Path To $800, Goldman Sachs Says: ‘Industry Gold Standard’ For The Future

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Goldman Sachs raised NVIDIA Corp.’s (NASDAQ:NVDA) 12-month price forecast to $800. The move signals a 21% potential leap from its current levels. It also underscores the bullish approach analysts are taking regarding the company’s pioneering role in the rapidly evolving field of accelerated computing. What Happened: Goldman Sachs analysts Toshiya Hari and Anmol Makkar highlighted “various data points from the broader ecosystem that point to sustained strength in demand for accelerated computing.” A pivotal element of their bullish stance is NVIDIA’s successful foray into AI monetization, particularly its contributions to Microsoft Corp. (NYSE:MSFT)’s Azure and Meta Platforms Inc. (NASDAQ:META) revenue streams. Analysts spotlight the optimistic outlook on AI-related capital investments, with Meta’s capex guidance adjustment from $30-35 billion before $30-37 billion being a case in point. This not only reflects a growing commitment to AI but also boosts NVIDIA’s growth narrative. “We believe Nvidia will remain as the industry gold standard for the foreseeable future given its robust hardware

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Meta Platforms Is Paying a Dividend. What History Says Happens to the Stock Next. — Barrons.com

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Dividend-loving investors around the globe probably woke up on Friday with a little extra spring in their step. Meta Platforms did it. The company announced, on Thursday, its first-ever quarterly dividend. The company will pay a 50-cent dividend, on Mar. 26 to shareholders of record on Feb. 22. Big tech investors might be confused though. They aren’t used to getting quarterly payouts from the likes of Meta. They shouldn’t worry though and should like what payments mean for Meta stock down the road. Meta’s annualized $2 payout gives its stock a dividend yield of 0.4% based on an early Friday price of some $472 a share. Meta stock was up almost 20% in early trading following better-than-expected fourth-quarter earnings. The S&P 500 and Nasdaq Composite were up 0.2% and 0.7%, respectively. The average yield for a dividend-paying stock in the S&P 500 is about 2%. Meta’s payout is lower than

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Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings

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Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/02/2024 11.64% Stifel $96 → $94 Maintains Buy 02/02/2024 12.83% UBS $105 → $95 Maintains Buy 02/02/2024 -8.55% Goldman Sachs $87 → $77 Maintains Neutral 02/02/2024 18.76% Susquehanna $105 → $100 Maintains Positive 02/02/2024 6.89% Needham $85 → $90 Maintains Buy 01/30/2024 18.76% Rosenblatt → $100 Reiterates Buy → Buy 01/18/2024 24.7% Wolfe Research → $105 Upgrades Peer Perform → Outperform 01/09/2024 10.45% Truist Securities $97 → $93 Maintains Buy 01/09/2024 14.01% Stifel $100 → $96 Maintains Buy 01/04/2024 -4.99% Piper Sandler → $80 Downgrades Overweight → Neutral 11/08/2023 18.76% Citigroup → $100 Upgrades Neutral → Buy 11/03/2023 -4.99% Piper Sandler $100 → $80 Maintains Overweight 11/03/2023 6.89% Susquehanna $95 → $90 Maintains Positive 11/03/2023 6.89% Morgan Stanley $96 → $90 Maintains Overweight 11/03/2023 6.89% Keybanc $95 → $90 Maintains Overweight

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Apple (NASDAQ:AAPL) Stock Analyst Ratings

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Apple (NASDAQ:AAPL) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/02/2024 16.15% JP Morgan $225 → $215 Maintains Overweight 02/02/2024 8.04% Oppenheimer → $200 Reiterates Outperform → Outperform 02/02/2024 35.05% Wedbush → $250 Reiterates Outperform → Outperform 02/02/2024 -14.65% Barclays $160 → $158 Maintains Underweight 02/02/2024 18.85% Needham → $220 Reiterates Buy → Buy 01/31/2024 35.05% Wedbush → $250 Reiterates Outperform → Outperform 01/31/2024 2.1% Rosenblatt → $189 Reiterates Neutral → Neutral 01/30/2024 35.05% Wedbush → $250 Reiterates Outperform → Outperform 01/18/2024 21.55% B of A Securities $208 → $225 Upgrades Neutral → Buy 01/10/2024 8.04% Redburn Atlantic → $200 Downgrades Buy → Neutral 01/04/2024 10.74% Piper Sandler $220 → $205 Downgrades Overweight → Neutral 01/03/2024 -10.32% DA Davidson → $166 Initiates Coverage On → Neutral 01/02/2024 -13.56% Barclays $161 → $160 Downgrades Equal-Weight → Underweight 12/20/2023 35.05% Wedbush → $250 Reiterates

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Meta Platforms (NASDAQ:META) Stock Analyst Ratings

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Meta Platforms (NASDAQ:META) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/02/2024 13.13% JP Morgan $420 → $535 Maintains Overweight 02/02/2024 11.02% Truist Securities $405 → $525 Maintains Buy 02/02/2024 11.44% Stifel $405 → $527 Maintains Buy 02/02/2024 12.07% UBS $425 → $530 Maintains Buy 02/02/2024 11.02% Oppenheimer $385 → $525 Maintains Outperform 02/02/2024 5.73% JMP Securities $410 → $500 Maintains Market Outperform 02/02/2024 19.48% RBC Capital $400 → $565 Maintains Outperform 02/02/2024 5.73% Roth MKM $365 → $500 Maintains Buy 02/02/2024 5.73% Goldman Sachs $414 → $500 Maintains Buy 02/02/2024 21.59% Keybanc $465 → $575 Maintains Overweight 02/02/2024 16.3% Raymond James $450 → $550 Maintains Strong Buy 02/02/2024 9.96% Wedbush $420 → $520 Maintains Outperform 02/02/2024 16.3% Susquehanna $400 → $550 Maintains Positive 02/02/2024 16.3% Barclays $400 → $550 Maintains Overweight 02/02/2024 11.02% Citigroup $440 → $525 Maintains Buy 01/30/2024 -1.67%

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Meta Platforms (META) Delivered ‘Solid’ Q4 Results, Even Better Guidance, BofA Securities Says

/ / Technology /

Meta Platforms (META) posted a “strong” Q4 EPS and revenue beat and Q1 guidance was a “positive surprise,” BofA Securities said Friday in a report. The investment firm raised Meta’s price target to $510 from $425 and reiterated the buy rating. The company reported Q4 earnings late Thursday of $5.33 per diluted share, up from $1.76 a year earlier. Analysts polled by Capital IQ expected $4.94. Revenue rose to $40.1 billion from $32.2 billion. Analysts expected $39.2 billion. The revenue beat was mainly driven by the company’s Reels video product, as well as its Messaging, artificial intelligence products and tools, and the launch of the Quest 3 virtual reality headset, BofA said. Meta said it expects Q1 revenue of $34.5 billion to $37 billion. Analysts polled by Capital IQ as of late Thursday expected $33.9 billion. The Q1 guidance was a “big surprise,” well above Wall Street estimates, BofA said.

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