Target (NYSE:TGT) Stock Analyst Ratings

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Target (NYSE:TGT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/21/2024 11.32% Wells Fargo $155 → $165 Maintains Overweight 02/16/2024 3.22% Stifel $141 → $153 Maintains Hold 02/07/2024 14.69% Gordon Haskett → $170 Upgrades Hold → Buy 02/01/2024 — Goldman Sachs Maintains Buy 01/16/2024 11.32% Morgan Stanley $140 → $165 Upgrades Equal-Weight → Overweight 01/04/2024 4.57% Wells Fargo $148 → $155 Maintains Overweight 11/16/2023 -5.55% Roth MKM → $140 Reiterates Neutral → Neutral 11/16/2023 -4.2% Citigroup $117 → $142 Maintains Neutral 11/16/2023 -4.87% Stifel $130 → $141 Maintains Hold 11/16/2023 -12.29% BMO Capital $120 → $130 Maintains Market Perform 11/16/2023 5.92% RBC Capital $161 → $157 Maintains Outperform 11/16/2023 -15.67% JP Morgan $113 → $125 Maintains Neutral 11/16/2023 -0.15% TD Cowen $161 → $148 Downgrades Outperform → Market Perform 11/16/2023 7.95% Telsey Advisory Group $145 → $160 Maintains Outperform 11/15/2023 18.74% Goldman […]

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Intel To Manufacture Microsoft Chips, CEO Satya Nadella Says

/ / Technology /

Intel Corporation (NASDAQ:INTC) and Microsoft Corporation (NASDAQ:MSFT) announced that Microsoft will be using Intel’s 18A process to manufacture its own chip design. The Details: The announcement was made Wednesday at Intel Foundry Direct Connect by Microsoft CEO Satya Nadella. “We are in the midst of a very exciting platform shift that will fundamentally transform productivity for every individual organization and the entire industry,” Nadella said. “To achieve this vision, we need a reliable supply of the most advanced, high-performance and high-quality semiconductors. That’s why we are so excited to work with Intel Foundry, and why we have chosen a chip design that we plan to produce on Intel 18A process.” Intel also announced the launch of Intel Foundry as a more sustainable systems foundry business designed for the AI era and an expanded process roadmap. “AI is profoundly transforming the world and how we think about technology and the silicon that powers it,” said

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Intuit Inc. (NASDAQ:INTU) Stock Analyst Ratings

/ / Technology /

Intuit Inc. (NASDAQ:INTU) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/21/2024 11.46% Wells Fargo $615 → $710 Maintains Overweight 01/29/2024 6.43% Oppenheimer $610 → $678 Maintains Outperform 01/25/2024 9.89% Keybanc $670 → $700 Maintains Overweight 12/15/2023 9.89% Susquehanna → $700 Initiates Coverage On → Positive 11/29/2023 -1.89% Mizuho $600 → $625 Maintains Buy 11/29/2023 -5.81% Stifel $550 → $600 Maintains Buy 11/29/2023 -10.52% Morgan Stanley $525 → $570 Maintains Overweight 11/29/2023 0.47% BMO Capital $605 → $640 Maintains Outperform 11/29/2023 -4.24% Oppenheimer $530 → $610 Maintains Outperform 11/29/2023 2.19% Citigroup $565 → $651 Maintains Buy 11/29/2023 -3.46% Wells Fargo $575 → $615 Maintains Overweight 11/29/2023 3.61% Barclays $570 → $660 Maintains Overweight 11/29/2023 0.78% Piper Sandler → $642 Reiterates Overweight → Overweight 11/27/2023 -26.22% JP Morgan $410 → $470 Maintains Neutral 09/29/2023 3.61% Wolfe Research $600 → $660 Maintains Outperform 09/29/2023

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Intuit Expected to Post 2Q Revenue, Profit Growth — Earnings Preview

/ / Technology /

Intuit is scheduled to report its second-quarter results Thursday after the market closes. Here’s what you need to know. NET INCOME: The tax preparation software maker is expected to post $184.1 million in net income, up from $168 million a year earlier, according to FactSet. REVENUE: The Mountain View, Calif.-based company is expected to post $3.39 billion in revenue for the quarter ended Jan. 31, compared with $3.04 billion in the prior-year period, according to FactSet. Intuit previously forecast revenue to grow between 11% and 12% in the quarter. ADJUSTED EARNINGS: Stripping out one-time items, earnings are expected to come in at $2.30 a share, according to FactSet.

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Micron, Seagate, Western Digital Poised for Upswing, Driven by NAND Price Surge, Analyst Forecasts

/ / Technology /

Mizuho analyst Vijay Rakesh had a Buy rating on Micron Technology, Inc (NASDAQ:MU) with a price target of $100. Rakesh had a Buy rating on Seagate Technology Holdings Plc (NASDAQ:STX) with a price target of $100. Rakesh had a Buy rating on Western Digital Corp (NASDAQ:WDC) with a price target of $$66. The March quarter is witnessing a notable acceleration in NAND contract pricing, with a 30% quarter-over-quarter increase, surpassing both previous estimates and the consensus expectation of a 10% rise. The analyst stated that this trend will likely continue through 2024, with projected quarterly increases in NAND contract pricing and yearly growth in NAND content by 10-15%. AI handsets may see a significant rise in NAND storage, potentially reaching 1-2TB, doubling the current capacity. Additionally, as per Rakesh, AI training servers are likely to benefit from substantial DRAM gains, especially with High Bandwidth Memory (HBM). The industry’s NAND Capital Expenditures (Capex) are predicted to remain conservative,

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NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2024

/ / Technology /

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2024 — Record quarterly revenue of $22.1 billion, up 22% from Q3, up 265% from year ago — Record quarterly Data Center revenue of $18.4 billion, up 27% from Q3, up 409% from year ago — Record full-year revenue of $60.9 billion, up 126% SANTA CLARA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today reported revenue for the fourth quarter ended January 28, 2024, of $22.1 billion, up 22% from the previous quarter and up 265% from a year ago. For the quarter, GAAP earnings per diluted share was $4.93, up 33% from the previous quarter and up 765% from a year ago. Non-GAAP earnings per diluted share was $5.16, up 28% from the previous quarter and up 486% from a year ago. For fiscal 2024, revenue was up 126% to $60.9 billion. GAAP earnings per diluted share

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