UBS analyst Karl Keirstead maintains Snowflake (NYSE:SNOW) with a Neutral and raises the price target from $185 to $225.
UBS raises Snowflake (NYSE:SNOW) price target from $185 to $225 Read Post »
Nvidia (NVDA) delivered another beat and raise with its fiscal Q4 results as artificial intelligence demand is surging across several customer sets, BofA Securities said in a note to clients on Thursday. BofA raised Nvidia’s price target to $925 from $800 and kept the buy rating. The chipmaker reported fiscal Q4 non-GAAP earnings late Wednesday of $5.16 per diluted share, up from $0.88 a year earlier. Analysts surveyed by Capital IQ expected $4.64. Revenue in the quarter jumped to a record $22.1 billion from $6.05 billion a year earlier. Analysts expected $20.6 billion. “Perhaps the most important new datapoint in NVDA’s earnings call was that AI inference contributed nearly 40% of AI computing mix in FY24/CY23,” BofA said. “AI inference is correlated with revenue bearing AI which is supposed to be more competitive, as opposed to AI training which NVDA already dominates.” The investment firm also highlighted Nvidia’s comments related
Nvidia Delivered Another Beat/Raise as AI Demand Surges, BofA Says Read Post »
DoorDash (DASH) is expected to continue to deliver “peer-leading” and better-than-projected consumer spend and gross order value results across its platform, Morgan Stanley said in a note Thursday. The firm said it has confidence in the food delivery company’s forward gross order value and earnings before interest, taxes, depreciation, and amortization growth, backed by a “durable” restaurant business in the US. Morgan Stanley expects DoorDash to be GAAP profitable in 2024, which is likely to result in further shareholder interest, according to the note. The firm upgraded its rating on the DoorDash stock to overweight from equal-weight and raised its price target to $145 from $135. DoorDash shares were up 5.3% in recent trading.
Analog Devices, Inc. (NASDAQ:ADI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/22/2024 12.58% Truist Securities $226 → $222 Maintains Buy 02/22/2024 3.96% Goldman Sachs $191 → $205 Maintains Buy 02/22/2024 16.64% Keybanc $220 → $230 Maintains Overweight 02/20/2024 3.96% Cantor Fitzgerald → $205 Reiterates Neutral → Neutral 02/12/2024 3.96% Cantor Fitzgerald → $205 Reiterates Neutral → Neutral 01/29/2024 3.96% Cantor Fitzgerald → $205 Reiterates Neutral → Neutral 01/23/2024 3.96% Cantor Fitzgerald → $205 Initiates Coverage On → Neutral 01/16/2024 -6.18% Barclays $180 → $185 Maintains Equal-Weight 12/22/2023 — Edward Jones Upgrades Hold → Buy 11/22/2023 9.03% Oppenheimer → $215 Reiterates Outperform → Outperform 11/22/2023 -11.25% Piper Sandler $190 → $175 Maintains Neutral 11/22/2023 6.5% Susquehanna $215 → $210 Maintains Positive 11/22/2023 6.5% UBS $200 → $210 Maintains Buy 11/22/2023 4.47% Truist Securities $213 → $206 Maintains Buy 11/22/2023 11.06% Morgan Stanley
Analog Devices, Inc. (NASDAQ:ADI) Stock Analyst Ratings Read Post »
Truist Securities analyst William Stein maintains Analog Devices (NASDAQ:ADI) with a Buy and lowers the price target from $226 to $222.
Truist Securities lowers Analog Devices (NASDAQ:ADI) price target from $226 to $222 Read Post »
McDonald’s Says Co Expects To Continue To Have A Negative Impact On Systemwide Sales And Revenue As Long As The Middle East War Continues。
McDonald’s Says Co Expects To Continue To Have A Negative Impact On Systemwide Sales Read Post »
Analog Devices’ (ADI) forecast for a 16% quarter-over-quarter drop in fiscal Q2 revenue “was slightly worse than expected but in-line with broad-based peers,” Morgan Stanley said in a note Wednesday. The company said Wednesday that it expected fiscal Q2 revenue of $2.10 billion at the midpoint, which Morgan Stanley said is lower than its estimate of $2.39 billion and the Street’s $2.36 billion. “We see reasons to be encouraged across inventory management, margin resilience, and booking improvements,” the firm said. Analog Devices appears to be “better positioned” than peers in the coming quarters, the firm said, adding that the company remains its “preferred name” within the analog space. “At this stage of the cycle we have a preference towards names with higher [average selling price], a lower internal manufacturing footprint, and less automotive exposure,” Morgan Stanley said. Morgan Stanley maintained the overweight rating on Analog Devices stock and cut the
Procter & Gamble continues to operate in a volatile and challenging environment from an input cost standpoint, CFO Andre Schulten says at the latest Consumer Analyst Group of New York conference, a month after reporting F2Q results. The consumer goods giant is still seeing market pressure in Greater China and softening underlying market trends in some European, Asia Pacific and Middle East countries such as Egypt, Saudi Arabia and Turkey, due to its price increases, Schulten says. “Despite this volatility, we remain confident that the best path forward is to double down on the strategy that has enabled the strong results to date,” Schulten adds.
Procter & Gamble (NYSE:PG) Remains Under Pressure In China, Europe, Middle East Read Post »
Procter & Gamble signals its expectations for market share growth rates at the latest Consumer Analyst Group of New York conference. P&G expects this metric to revert to “pretty much their historical norm,” which in its categories has usually been around 4% to 5%, CEO Jon Moeller says. “The good news there is that we’re beginning to see strong volume progress,” Moeller adds, noting that it’s also seeing good volume growth in Europe.
Procter & Gamble (NYSE:PG) Sees Return To Normalized Market Growth Rates Read Post »
HSBC analyst Frank Lee maintains NVIDIA (NASDAQ:NVDA) with a Buy and raises the price target from $835 to $880.
HSBC raises NVIDIA (NASDAQ:NVDA) price target from $835 to $880 Read Post »
By Emily Dattilo DoorDash stock has slipped since the food-delivery company reported earnings earlier this month, and Morgan Stanley thinks it’s time to buy. Analysts led by Brian Nowak upgraded the stock to Overweight from Equal Weight and raised their price target to $145 from $135 in a Thursday report titled “DASHing Growth and Profitability.” After posting mixed fourth-quarter results on Feb. 15, DoorDash shares have fallen 9.2% through Wednesday’s close, according to Dow Jones Market Data, but Morgan Stanley is optimistic. “On growth, the company continues to deliver peer-leading and better than expected consumer spend and gross order value (“GOV”) results across its expanding platform…and we see that continuing,” the analysts wrote. As of the fourth quarter, nearly half of the company’s monthly active users were DashPass subscribers, and subscribers tend to spend more than nonsubscribers, they explained. “We use this growing loyal (and more frequent) subscriber base to
DoorDash’s Stock Slid After Earnings. New Bull Sees a Buying Opportunity. — Barrons.com Read Post »
Analysts say stock could eventually reach $175 When delivery app DoorDash Inc. reported quarterly earnings last week, investors raced to the exits. But Morgan Stanley analysts on Thursday said to buy the dip, arguing that the company’s restaurant, grocery and non-grocery delivery business still had plenty of room to grow. Analysts there upgraded the stock to overweight, their most positive rating, from equal-weight, and raised their price target to $145 from $135. And they said the stock could get to $175 if their profit expectations play out better than planned over the next few years. Shares of DoorDash (DASH) were up 5% on Thursday. “We see DASH’s core product addressing ($2.6 trillion) of offline spend across its U.S. restaurant, international restaurant and U.S. grocery / new vertical businesses,” Morgan Stanley said in a research note. “While not our base case, as a bull case, DASH’s emerging non-grocery retail business (delivering
DoorDash’s Stock Took a Hit After Earnings. Morgan Stanley Says Not to Worry. Read Post »