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

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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The Estee Lauder Companies Inc. Declares Quarterly Dividend of $.66 Per Share

The Estée Lauder Companies Inc. Declares Quarterly Dividend of $.66 Per Share NEW YORK–(BUSINESS WIRE)–February 05, 2024– The Estée Lauder Companies Inc. (NYSE: EL) will pay a quarterly dividend of $.66 per share on the Company’s Class A and Class B Common Stock on March 15, 2024 to stockholders of record at the close of business on February 29, 2024. The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products, and is a steward of luxury and prestige brands globally. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M–A–C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+,

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Estee Lauder’s (NYSE:EL) Affirms Fiscal 2024 Outlook

Estee Lauder’s (NYSE:EL) continues to forecast fiscal 2024, adjusted EPS is projected to decrease by between 34% and 38% on a constant currency basis, while the net sales outlook is between a 1% decrease to a 1% increase. Analysts polled by Capital IQ expect adjusted EPS of $2.33 on revenue of $15.74 billion.

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Estee Lauder’s (NYSE:EL) Fiscal Q2 Adjusted Earnings, Sales Fall; Shares Rise Pre-Bell

Estee Lauder (NYSE:EL) reported fiscal Q2 adjusted earnings Monday of $0.88 per diluted share, down from $1.54 a year earlier. Analysts polled by Capital IQ expected $0.56. Net sales for the quarter ended Dec. 31 were $4.28 billion, down from $4.62 billion a year earlier. Analysts surveyed by Capital IQ expected $4.24 billion. The company said it expects fiscal Q3 adjusted EPS to range between a decrease of 18% and an increase of 3% on a constant currency basis. Net sales are projected to increase by between 3% and 5%. Analysts surveyed by Capital IQ expect adjusted EPS of $0.83 on revenue of $3.91 billion. For fiscal 2024, adjusted EPS is projected to decrease by between 34% and 38% on a constant currency basis, while the net sales outlook is between a 1% decrease to a 1% increase. Analysts polled by Capital IQ expect adjusted EPS of $2.33 on revenue

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Estee Lauder (NYSE:EL) ‘s Stock Soars as Profit Beats Expectations by a Wide Margin, and as the Business Has Reached ‘an Inflection Point’

Shares of Estee Lauder Companies (EL) soared 10.7% in premarket trading Monday, after the beauty-products company reported fiscal second-quarter profit that beat expectations by a wide margin, and said the business has reached “an inflection point” that sets its up for a strong second half. Net income for the quarter to Dec. 31 fell to $313 million, or 87 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 88 cents beat the FactSet consensus of 54 cents. Sales declined 7.4% to $4.28 billion. reflecting challenges in Asia travel retail and softness in prestige beauty in China, but came in above the FactSet consensus of $4.19 billion. Among the company’s largest business segments, skin care sales fell 10% to $2.17 billion and makeup sales declined 8% to $1.17 billion. Looking ahead, the company expects double-digit percentage organic sales growth in the second half of the

Estee Lauder (NYSE:EL) ‘s Stock Soars as Profit Beats Expectations by a Wide Margin, and as the Business Has Reached ‘an Inflection Point’ Read Post »

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