Broadcom (NASDAQ:AVGO) Stock Analyst Ratings

Broadcom (NASDAQ:AVGO) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 7% Cantor Fitzgerald → $1300 Reiterates Overweight → Overweight 02/13/2024 19.34% Mizuho $1250 → $1450 Maintains Buy 02/12/2024 7% Cantor Fitzgerald → $1300 Reiterates Overweight → Overweight 01/29/2024 7% Cantor Fitzgerald → $1300 Reiterates Overweight → Overweight 01/23/2024 7% Cantor Fitzgerald → $1300 Initiates Coverage On → Overweight 01/19/2024 9.05% Goldman Sachs → $1325 Reinstates → Buy 12/11/2023 -9.47% Citigroup → $1100 Reinstates → Buy 12/08/2023 -16.46% Truist Securities $995 → $1015 Maintains Buy 12/08/2023 -17.7% TD Cowen $900 → $1000 Maintains Market Perform 12/08/2023 -4.53% Rosenblatt $1000 → $1160 Maintains Buy 12/08/2023 — Summit Insights Group Upgrades Hold → Buy 12/04/2023 -17.7% Rosenblatt → $1000 Reiterates Buy → Buy 12/04/2023 -9.47% Oppenheimer $990 → $1100 Maintains Outperform 11/28/2023 -9.47% Susquehanna $1010 → $1100 Maintains Positive 11/24/2023 -1.24% Keybanc $1000 → […]

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KLA (NASDAQ:KLAC) Stock Analyst Ratings

KLA (NASDAQ:KLAC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 -3.19% Cantor Fitzgerald → $625 Reiterates Neutral → Neutral 02/12/2024 -3.19% Cantor Fitzgerald → $625 Reiterates Neutral → Neutral 01/29/2024 -3.19% Cantor Fitzgerald → $625 Reiterates Neutral → Neutral 01/29/2024 -0.86% Goldman Sachs $560 → $640 Maintains Buy 01/29/2024 4.56% Susquehanna $640 → $675 Downgrades Positive → Neutral 01/26/2024 -14.8% Barclays $500 → $550 Maintains Underweight 01/26/2024 -3.19% Cantor Fitzgerald → $625 Reiterates Neutral → Neutral 01/26/2024 12.3% JP Morgan $565 → $725 Maintains Overweight 01/26/2024 -0.86% Goldman Sachs $560 → $640 Maintains Buy 01/26/2024 9.21% Wells Fargo $670 → $705 Maintains Overweight 01/26/2024 6.88% Berenberg $670 → $690 Maintains Buy 01/23/2024 -3.19% Cantor Fitzgerald → $625 Initiates Coverage On → Neutral 01/19/2024 -3.19% Raymond James $550 → $625 Maintains Outperform 01/16/2024 -3.19% Stifel $535 → $625 Maintains Buy 01/16/2024 -22.55%

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Lam Research (NASDAQ:LRCX) Stock Analyst Ratings

Lam Research (NASDAQ:LRCX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 0.56% Cantor Fitzgerald → $900 Reiterates Neutral → Neutral 02/12/2024 0.56% Cantor Fitzgerald → $900 Reiterates Neutral → Neutral 01/29/2024 0.56% Cantor Fitzgerald → $900 Reiterates Neutral → Neutral 01/29/2024 -1.68% Susquehanna $655 → $880 Maintains Neutral 01/26/2024 1.9% Goldman Sachs $700 → $912 Maintains Buy 01/25/2024 8.94% Citigroup $800 → $975 Maintains Buy 01/25/2024 4.47% Mizuho $900 → $935 Maintains Buy 01/25/2024 6.15% Stifel $850 → $950 Maintains Buy 01/25/2024 1.9% Goldman Sachs $700 → $912 Maintains Buy 01/25/2024 6.15% Raymond James $850 → $950 Maintains Outperform 01/25/2024 -7.82% Barclays $750 → $825 Maintains Equal-Weight 01/25/2024 0.56% Needham $800 → $900 Maintains Buy 01/23/2024 -7.26% Cantor Fitzgerald → $830 Initiates Coverage On → Neutral 01/19/2024 -5.03% Raymond James $725 → $850 Maintains Outperform 01/16/2024 -5.03% Stifel $750 → $850

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Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings

Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 13.79% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 02/20/2024 61.5% Rosenblatt → $1100 Reiterates Buy → Buy 02/16/2024 23.33% Wells Fargo $675 → $840 Maintains Overweight 02/16/2024 24.8% Oppenheimer $650 → $850 Maintains Outperform 02/16/2024 17.46% Wedbush $600 → $800 Maintains Outperform 02/16/2024 76.19% Loop Capital → $1200 Initiates Coverage On → Buy 02/14/2024 24.8% Susquehanna $625 → $850 Maintains Positive 02/13/2024 21.13% Mizuho $625 → $825 Maintains Buy 02/12/2024 13.79% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 02/07/2024 10.12% Morgan Stanley $603 → $750 Maintains Overweight 02/05/2024 17.46% Goldman Sachs $625 → $800 Maintains Buy 01/29/2024 13.79% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 01/23/2024 13.79% Cantor Fitzgerald → $775 Initiates Coverage On → Overweight 01/19/2024 2.77% Raymond James $600 → $700 Maintains Strong Buy 01/18/2024

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CFRA Retains Hold Opinion On Shares Of The Home Depot, Inc. (NYSE: HD)

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target price of $338, up $11, is 22x our FY 25 (Jan.) EPS of $15.36 (down $0.20; FY 26 started at $16.55), a premium to the 10-year forward P/E of 20.6x. FQ4 (Jan.) EPS of $2.82 (-15% Y/Y) beat by $0.05 on revenue of $34.8B (-3% Y/Y), $110M above consensus. Comparable sales declined 3.5% on lower transactions (-2% Y/Y) and lower average tickets (-1% Y/Y). Pro and Do-It-Yourself segment performance was even relative to each other. Big-ticket transactions declined 6.9% Y/Y. HD guides to 1% sales growth and 1% comp. sale decline with a 53rd week lifting sales by $2.3B in FY 24. Comp sales are projected to outperform the low-single-digit industry decline warranting our P/E. EBIT margin guide of 14.1% (-10 BPS Y/Y) yields

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Home Depot Expecting Lower Macro Pressure in 2024

Home Depot is expecting to see a lower degree of macroeconomic pressure in fiscal 2024 than it did last year, CFO Richard McPhail tells WSJ. “We believe our market is on its way back to normalcy,” he says. The home improvement chain is still anticipating headwinds and guiding for a 1% drop in comparable sales this year, but that would be a smaller decline than it saw in 2023. Home improvement spending is still moderating from outsized growth during the pandemic, when low interest rates, rising home values and looser spending habits pushed more people to invest in their homes.

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Telus International’s AI Partner Appears to Be Nvidia

Telus International’s new artificial intelligence partner might be Nvidia, the designer and manufacturer of computer graphics processors, chipsets, and related multimedia software, says Scotiabank’s Divya Goyal. The analyst says that the stock has been gaining attention after the company reported that its AI data solutions team “is helping with the development of automatic speech recognition for the client’s pre-trained language models.” Goyal says in a report the client in question is likely to be Nvidia, which has been at forefront of the AI revolution. “While the size and scale of TIXT/Nvidia relationship is currently unclear…this could potentially turn out to be a longer term profitable relationship,” Goyal says. Telus International’s shares are up 33% this year.

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Home Depot (NYSE: HD) Q4 2023 Earnings Conference

The following is a summary of the The Home Depot, Inc. (HD) Q4 2023 Earnings Call Transcript: Financial Performance: Home Depot reported fiscal 2023 sales of $152.7 billion, a 3% decline from the previous year. Comp sales and U.S. store sales also declined by 3.2% and 3.5% respectively. Diluted earnings per share amounted to $15.11, compared to $16.69 of last year. The company’s Q4 sales were $34.8 billion, seeing a decrease of 2.9% from the previous fiscal year. Q4 gross margin was 33.1%, decreasing 20 basis points from last year, and gross margin for the year was 33.4%, a drop of 15 basis points from the prior year. Despite the decreased sales, the company managed to invest $3.2 billion back into the business, and returned $8 billion to shareholders in form of share repurchases. Business Progress: The company invested $1 billion in annualised compensation for frontline hourly associates, highlighting its

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Home Depot’s Mixed Q4 Results And Cautious 2024 Outlook: Goldman Sachs Analyst Weighs In

Goldman Sachs analyst Kate McShane reiterated a Buy rating on Home Depot, Inc (NYSE:HD) with a price target of $393. Home Depot reported fourth-quarter fiscal 2023 EPS of $2.82, above McShane’s estimate of $2.79 and Wall Street’s estimate of $2.77. Net sales decreased 2.9% year-on-year to $34.8 billion versus McShane, and the Wall Street consensus of $34.8 billion and $34.6 billion as comparable sales decreased 3.5% Y/Y, below McShane’s estimate of -3.0% and consensus of -3.3%. During the quarter, Home Depot experienced declines in both average tickets (-1.3% Y/Y) and transactions (-1.7% Y/Y), and McShane noted that comparable sales in the U.S. decreased by 4.0% Y/Y. Home Depot’s operating margin decreased 135 bps Y/Y to 11.9% against McShane and the Wall Street estimate of 11.8% and 11.9% as gross margin decreased 20 bps Y/Y to 33.1% while total operating expenses as a % of sales increased 115 bps Y/Y to 21.2%. Management provided

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Amazon Is Joining the Dow Jones Industrial Average. Walgreens Is Getting the Boot. — Barrons.com

Andrew Bary Amazon.com will join the Dow Jones Industrial Average before the start of trading on Feb. 26, replacing Walgreens Boots Alliance in the first change in the 30-stock index since 2020. In another change, Uber Technologies will replace JetBlue Airways in the Dow Jones Transportation Average on Feb. 26. Amazon’s entry into the Dow Jones Industrial Average was enabled by a 20-for-one stock split in 2022 that made its stock price sufficiently low for it to be included in the price-weighted index. There has been speculation since the Amazon split that it would join the Dow industrials. The news came in a press release late Tuesday from S&P Dow Jones Indices, which oversees the Dow industrials. Walgreens’ exit isn’t a surprise given the sharp drop in its stock price in recent years. That left it with little influence in the Dow industrials and the lowest market value by a

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Home Depot’s Fiscal Q4 Earnings, Revenue Decline; Dividend Raised, 2024 Outlook Issued

Home Depot (HD) reported fiscal Q4 earnings Tuesday of $2.82 per diluted share, down from $3.30 a year earlier. Analysts polled by Capital IQ expected $2.78. Net sales for the quarter that ended Jan. 28 were $34.79 billion, down from $35.83 billion a year earlier. Analysts surveyed by Capital IQ expected $34.67 billion. For the 53 weeks of its fiscal 2024, the hardware store chain said it expects approximately 1% of diluted earnings per share growth and 1% in total sales growth. Analysts surveyed by Capital IQ expect earnings of $15.07 per diluted share on revenue of $152.55 billion. The company also raised its quarterly dividend to $2.25 per share from $2.09 per share, payable on March 21 to shareholders of record as of March 7.

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