CFRA Maintains Buy Recommendation On Shares Of Alphabet Inc.

/ / Technology /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: According to an unconfirmed Bloomberg report, Apple (AAPL 173 ****) and GOOGL are in talks that would allow AAPL to license GOOGL’s Gemini large-language model to power new features coming to iOS 18, with a focus for on-device capabilities. While we don’t expect to hear confirmation about any deal until AAPL’s WWDC in June (AAPL is also believed to be having conversations with OpenAI), we do think that GOOGL is best positioned to win any external deal for AI on AAPL’s devices given the strong search partnership the two already have. GOOGL has already demonstrated new AI capabilities with its Samsung relationship, with popular features on those phones including language translation, support of multimodal inputs for search, ability to modify/alter photos, turn videos to slow motion, and

CFRA Maintains Buy Recommendation On Shares Of Alphabet Inc. Read Post »

CFRA Maintains Buy Recommendation On Shares Of Apple Inc.

/ / Technology /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: According to an unconfirmed Bloomberg report, AAPL and Alphabet (GOOGL 141 ****) are in talks that would allow AAPL to license GOOGL’s Gemini large-language model to power features coming to iOS 18. Still, confirmation about any deal unlikely before AAPL’s WWDC in June, but we think GOOGL is likely best positioned to win any external deal for AI on AAPL’s devices given the strong search partnership the two already have. Important, we think a major reason for AAPL’s stock underperformance this year has to do with the unknown from the pending DoJ case (along with its lack of AI tilt to other big tech firms), but if the talks bring about a deal then it could help offset potential losses that could result from regulatory pressure facing

CFRA Maintains Buy Recommendation On Shares Of Apple Inc. Read Post »

CFRA Reiterates Buy Rating On Shares Of Adobe, Inc.

/ / Technology /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We reduce our 12-month target to $630 from $700, on P/E of 30x our CY 25 EPS view, below historical. We keep our FY 24 (Nov.) EPS estimate at $18.00 and FY 25 at $20.74. ADBE posts Feb-Q EPS of $4.48 vs. $3.80, beating the $4.38 consensus. Sales rose 11% on growth in Creative Cloud (+11%), Document Cloud (+18%), and Digital Experience (+10%). We like accelerating RPO growth (+16%), a newly announced buyback of $25B (10% of market cap), and net new Creative ARR growth of 20% (ex. impact of prior pricing increases that will roll off). Despite below consensus guide, we see potential for ARR growth to accelerate in the next nine months as ADBE looks to monetize new AI offerings (e.g., AI Assistant in Acrobat/Reader).

CFRA Reiterates Buy Rating On Shares Of Adobe, Inc. Read Post »

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