Microsoft’s Next Challenge: Staying on Top — Barron’s

/ / Technology /

Microsoft is in the early stages of infusing OpenAI’s technology into all of its offerings. How much will it make from AI, and how long will it take to do so? By Andy Serwer Last week at the World Economic Forum’s annual meeting in the rarefied Swiss air of Davos, a select group of swells were packed into a converted storefront listening, rapt, to Microsoft CEO Satya Nadella and his high-profile partner Sam Altman, CEO of mega start-up OpenAI, when the discussion took a “get real” turn. Nadella, the establishment figure, dressed casually in gray slacks and a sweater, and Altman, the disrupter, wearing a suit, were talking about the great promise of generative artificial intelligence — this year’s “it” topic at Davos — and how it will vastly improve the lot of humanity. That is, until the moderator steered the conversation in a commercial direction. “Do you guys make […]

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The Trader: NXP Semiconductors Can Buck Auto Weakness. The Stock Looks Like a Buy. — Barron’s

/ / Technology /

By Jacob Sonenshine Chip stocks are flying — except the chip stocks that do business with auto makers. That’s created a buying opportunity in NXP Semiconductors, which should be able to buck the sector’s weakness when it reports earnings in February. The iShares Semiconductor exchange-traded fund hit a record high this past week, but that didn’t help the companies with exposure to auto companies. From Texas Instruments this past Wednesday to ON Semiconductor and Mobileye Global in recent weeks, auto-focused chip stocks have been warning about the slowdown — and watching their stocks tumble. Based on auto exposure alone, NXP should be a stock to avoid. It gets 56% of its sales from that industry, and it offered up disappointing guidance in November, when it said it would deliver fourth-quarter sales of $3.4 billion, up just 2.7% year over year. That’s slow growth compared with the 7% annual clip it

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CFRA Maintains Buy Rating On Shares Of Visa Inc.

/ / Industrials /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our target price of $325, up $35, values shares at 28.3x our FY 25 (Sep.) EPS, discounted to V’s 5-year historical average of 31.9x, given the higher rate environment and moderately slower growth expectations. We decrease our FY 24 EPS estimate to $10.13 from $10.16 and lower FY 25’s to $11.49 from $11.61. Visa reported Dec-Q results, with net revenues of $8.63B (+9% Y/Y) and adj-EPS of $2.41, surpassing consensus estimates of $8.56B and adj-EPS of $2.34. Payment volume (+8%) slowed in the quarter as strength in Europe and LAC was met with weakness in the U.S. and Asia Pacific. Unfortunately, management highlighted that January is off to a rocky start in the U.S. (+4%), but we see this as a low water mark as severe weather

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Blackstone (NYSE:BX) Stock Analyst Ratings

/ / Financials /

Blackstone (NYSE:BX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 7.71% Wells Fargo $130 → $134 Maintains Overweight 01/26/2024 2.08% Keefe, Bruyette & Woods $123 → $127 Maintains Market Perform 01/24/2024 15.75% Morgan Stanley $120 → $144 Maintains Overweight 01/22/2024 4.49% Wells Fargo $127 → $130 Maintains Overweight 01/19/2024 -0.33% Citigroup $116 → $124 Downgrades Buy → Neutral 01/11/2024 — Oppenheimer Downgrades Outperform → Perform 01/04/2024 -5.15% TD Cowen → $118 Initiates Coverage On → Market Perform 01/03/2024 2.89% Goldman Sachs → $128 Downgrades Buy → Neutral 12/20/2023 20.57% Piper Sandler → $150 Assumes → Overweight 10/20/2023 -15.6% Oppenheimer $107 → $105 Maintains Outperform 10/20/2023 -9.17% Wells Fargo $118 → $113 Maintains Overweight 10/20/2023 -24.44% BMO Capital $97 → $94 Maintains Market Perform 10/20/2023 -3.54% Morgan Stanley $125 → $120 Maintains Overweight 10/10/2023 -6.76% Barclays $110 → $116 Maintains Equal-Weight 10/06/2023

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Comcast (NASDAQ:CMCSA) Stock Analyst Ratings

/ / Telecommunications /

Comcast (NASDAQ:CMCSA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 9.72% Wells Fargo $45 → $50 Maintains Equal-Weight 12/22/2023 0.94% Rosenblatt $44 → $46 Maintains Neutral 10/30/2023 -3.45% Barclays $47 → $44 Maintains Equal-Weight 10/27/2023 -3.45% Rosenblatt → $44 Reiterates Neutral → Neutral 10/27/2023 7.53% Scotiabank → $49 Downgrades Sector Outperform → Sector Perform 10/06/2023 16.3% Seaport Global → $53 Initiates Coverage On → Buy 09/25/2023 7.53% JP Morgan $48 → $49 Maintains Neutral 08/09/2023 9.72% Argus Research $45 → $50 Maintains Buy 08/02/2023 — Wolfe Research Upgrades Underperform → Peer Perform 08/01/2023 11.92% Citigroup $47 → $51 Maintains Buy 07/31/2023 -5.64% Rosenblatt $39 → $43 Maintains Neutral 07/31/2023 3.14% Barclays $42 → $47 Maintains Equal-Weight 07/28/2023 20.69% Oppenheimer $48 → $55 Maintains Outperform 07/28/2023 14.11% Morgan Stanley $50 → $52 Maintains Overweight 07/28/2023 9.72% Wells Fargo $46 → $50 Maintains

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CFRA Keeps Hold Opinion On Shares Of Southwest Airlines Co.

/ / Consumer Discretionary /

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 of $32, up $8, is 21x our ’25 EPS view (started at $1.53; ’24’s cut to $1.23 from $1.97), below LUV’s five-year historical average of 30x. We believe a discount is merited due to rising unit costs. Q4 EPS of $0.37 vs. a loss per share of $0.38, beat consensus by $0.24. Revenues grew 12% Y/Y while capacity rose by 21% Y/Y. LUV released its ’24 outlook, expecting its unit costs to rise 6%-7% on 6% capacity growth; however, we think unit costs could grow more than LUV expects, given the recent labor deal increasing its pilots’ pay by +50% over the next five years, while persistent delays in aircraft deliveries continue to keep maintenance costs elevated. In addition, LUV anticipates capex to be

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Lam Research (NASDAQ:LRCX) Stock Analyst Ratings

/ / Technology /

Lam Research (NASDAQ:LRCX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 7.43% Goldman Sachs $700 → $912 Maintains Buy 01/25/2024 14.86% Citigroup $800 → $975 Maintains Buy 01/25/2024 10.14% Mizuho $900 → $935 Maintains Buy 01/25/2024 11.91% Stifel $850 → $950 Maintains Buy 01/25/2024 7.43% Goldman Sachs $700 → $912 Maintains Buy 01/25/2024 11.91% Raymond James $850 → $950 Maintains Outperform 01/25/2024 -2.81% Barclays $750 → $825 Maintains Equal-Weight 01/25/2024 6.02% Needham $800 → $900 Maintains Buy 01/23/2024 -2.23% Cantor Fitzgerald → $830 Initiates Coverage On → Neutral 01/19/2024 0.13% Raymond James $725 → $850 Maintains Outperform 01/16/2024 0.13% Stifel $750 → $850 Maintains Buy 01/16/2024 -11.65% Barclays $600 → $750 Maintains Equal-Weight 12/08/2023 -15.18% Morgan Stanley → $720 Downgrades Overweight → Equal-Weight 11/22/2023 -5.76% Redburn Atlantic → $800 Initiates Coverage On → Buy 10/19/2023 -17.54% JP Morgan $720 → $700

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Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings

/ / Consumer Discretionary /

Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 -0.83% Citigroup $500 → $555 Maintains Neutral 01/25/2024 0.96% Goldman Sachs $500 → $565 Maintains Neutral 01/25/2024 7.22% DZ Bank → $600 Upgrades Hold → Buy 01/24/2024 -15.12% Barclays $375 → $475 Maintains Equal-Weight 01/24/2024 7.22% Morgan Stanley $550 → $600 Maintains Overweight 01/24/2024 0.96% Goldman Sachs $500 → $565 Maintains Neutral 01/24/2024 14.01% BMO Capital $566 → $638 Maintains Outperform 01/24/2024 16.15% Wells Fargo $460 → $650 Maintains Overweight 01/24/2024 1.85% UBS $560 → $570 Maintains Buy 01/24/2024 -1.72% Piper Sandler $475 → $550 Maintains Neutral 01/24/2024 6.32% Macquarie $410 → $595 Upgrades Neutral → Outperform 01/24/2024 9.9% Wedbush $525 → $615 Maintains Outperform 01/24/2024 -6.19% Deutsche Bank $460 → $525 Downgrades Buy → Hold 01/24/2024 3.64% Keybanc $545 → $580 Maintains Overweight 01/19/2024 -24.06% Benchmark $350 →

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Intel Has A Tough Road Ahead: What 4 Analysts Think Of Q4 Earnings, Guidance

/ / Technology /

Intel Corp (NASDAQ:INTC) shares tanked in early trading on Friday, despite the company reporting stronger-than-expected sales and earnings for its fourth quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Needham On Intel Analyst Quinn Bolton downgraded the rating from Buy to Hold. Intel unexpectedly reset its first-quarter earnings guidance and its core data center segment continues to face challenges, Bolton said in a note. “After a string of success, it seems the easy part of the turnaround may be over,” the analyst wrote. “We view higher valuation, lower revenue/EPS estimates, increasing competition (in core and non-core markets), and distant IFS revenue all contributing to a tough road ahead,” he added. Wedbush On Intel Analyst Matt Bryson reaffirmed a Neutral rating while reducing the price target from $45 to $40. Although Intel reported strong fourth-quarter results, its first-quarter guidance came in significantly short of expectations, Bryson

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Amazon.com Q4 Revenue Seen Largely in Line With Market Expectations, BofA Says

/ / Consumer Discretionary /

+0.07% Amazon.com (AMZN) is likely to report Q4 revenue largely in line with market expectations, though expectations for its Amazon Web Services cloud-computing unit could take a hit from potential growth in rival Microsoft (MSFT) Azure, BofA Securities said in a note Friday. The e-commerce giant is scheduled to report Q4 results Thursday. BofA projects revenue at $165.85 billion, compared with the market consensus of $166.06 billion. “We see upside potential to our and Street [estimates],” BofA analysts, including Justin Post, said in the note. The firm pegs AWS revenue at $24.07 billion. “We think commentary indicating potential for 2024 AWS acceleration and continued y/y margin improvements will help frame a positive 2024 outlook, although sentiment is already quite positive,” the analysts said. The brokerage maintained its buy rating on the Amazon stock, with a $185 price objective.

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