AT&T’s Challenges Are in Rearview Mirror. Analyst Says to Buy the Stock. — Barrons.com

/ / Telecommunications /

By Emily Dattilo The tide is turning for AT&T, one analyst team said, lifting its rating on the telecommunications stock. Oppenheimer analysts Timothy Horan and Edward Yang upgraded AT&T to Outperform from Perform in a Friday research report. They set a target of $21 for the stock price and raised their forecasts for revenue and earnings. “T has underperformed the market and peers the past few years as the company underwent a difficult transition to position itself as a pure connectivity provider,” Horan and Yang wrote. “We believe these headwinds have moved to the rearview, and the stock is set to benefit from a number of tailwinds.” The analyst team presented five positive factors. First, they said, the capacity and coverage of AT&T’s network has improved. Second, the company has made strides in terms of broadband subscribership and revenue, with 60% of its broadband customers using fiber connections, which offer […]

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Nvidia Is No Longer Citigroup’s Top Specialty Chip Stock. Here’s What Is. — Barrons.com

/ / Technology /

By Angela Palumbo Marvell Technology stock was rising Friday after a Citi analyst named the chip maker as its No. 1 specialty semiconductor pick. Citi analyst Atif Malik said in a research note Friday that Marvell is now his favorite specialty chip stock, while Nvidia is now No. 2. Malik maintained Buy ratings for both Marvell and Nvidia, with targets of $75 and $575 for their respective stock prices. “We like the stock setup in 2024 on continued AI optics growth, layering of custom ASIC AI project sales, and bottoming out of non-cloud markets like enterprise networking and carrier,” Malik said of Marvell. Marvell stock was up 2.1% to $69.65 in premarket trading Friday . Shares of Nvidia rose 1.6% to $580.10, while futures on the Nasdaq 100 were up 0.6%. Malik’s optimism about Marvell comes even though the company posted fiscal third-quarter earnings and revenue that fell from the

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Applied Materials, Inc. (Nasdaq: AMAT) Stock Analyst Ratings

/ / Technology /

Applied Materials, Inc. (Nasdaq: AMAT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 9.48% Raymond James $160 → $180 Maintains Outperform 01/16/2024 -14.85% Barclays $120 → $140 Maintains Underweight 12/12/2023 12.52% TD Cowen $165 → $185 Maintains Outperform 11/22/2023 6.44% Redburn Atlantic → $175 Upgrades Neutral → Buy 11/17/2023 1.58% Mizuho $162 → $167 Maintains Buy 11/17/2023 3.4% JP Morgan $165 → $170 Maintains Overweight 11/17/2023 -13.63% Morgan Stanley $139 → $142 Maintains Equal-Weight 11/17/2023 9.48% Needham → $180 Reiterates Buy → Buy 10/13/2023 9.48% Needham → $180 Upgrades Hold → Buy 10/05/2023 -8.76% UBS $130 → $150 Maintains Neutral 09/15/2023 -3.9% Mizuho → $158 Reiterates Buy → Buy 09/15/2023 12.52% Wolfe Research → $185 Initiates Coverage On → Outperform 08/21/2023 6.44% Berenberg $150 → $175 Maintains Buy 08/21/2023 -22.15% Susquehanna $112 → $128 Maintains Neutral 08/21/2023 -5.72% Goldman Sachs $135

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Schlumberger Drills Past Q4 Expectations, Plans $2.6B Investment In 2024

/ / Energy /

Schlumberger N.V. (NYSE:SLB) reported a fourth-quarter fiscal 2023 revenue increase of 14% year-over-year to $8.99 billion, beating the consensus of $8.95 billion. Revenue by Division: Digital & Integration $1.05 billion (+4% Y/Y); Reservoir Performance $1.735 billion (+12% Y/Y); Well Construction $3.43 billion (+6% Y/Y), and Production Systems $2.94 billion (+33% Y/Y). Adjusted EPS increased 21% Y/Y to $0.86, beating the consensus of $0.84. Adjusted EBITDA was $2.28 billion for the quarter, an increase of 19% Y/Y, and margin expanded 95 bps to 25.3%. The pretax segment operating margin expanded by 101 bps for the quarter to 20.8%. Operating cash flow for the quarter totaled $3.02 billion; for fiscal 2023, it was $6.64 billion compared to $3.72 billion. Free cash flow was $4.04 billion for the fiscal. “Compared to the same quarter last year, international revenue outpaced North America, growing 18% while North America was relatively flat,” commented CEO Olivier Le Peuch.

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ASML Holding (NASDAQ: ASML) Stock Analyst Ratings

/ / Technology /

ASML Holding (NASDAQ: ASML) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 13.7% Raymond James $725 → $850 Maintains Strong Buy 11/30/2023 17.44% JP Morgan $726 → $878 Maintains Overweight 10/19/2023 -2.89% JP Morgan $732 → $726 Maintains Overweight 10/12/2023 8.35% Susquehanna $850 → $810 Maintains Positive 10/11/2023 -2.09% JP Morgan $772 → $732 Maintains Overweight 07/28/2023 — Bernstein Downgrades Outperform → Market Perform 07/20/2023 7.01% Wells Fargo $775 → $800 Maintains Overweight 06/16/2023 — New Street Research Downgrades Buy → Neutral 01/26/2023 3.67% Argus Research $590 → $775 Maintains Buy 01/26/2023 0.59% JP Morgan $710 → $752 Maintains Overweight 11/14/2022 — Susquehanna Upgrades Neutral → Positive 11/14/2022 -11.05% Wells Fargo $510 → $665 Maintains Overweight 11/08/2022 — Morgan Stanley Initiates Coverage On → Overweight 10/21/2022 — New Street Research Upgrades Neutral → Buy 10/20/2022 — Deutsche Bank Upgrades Hold →

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KLA (NASDAQ:KLAC) Stock Analyst Ratings

/ / Technology /

KLA (NASDAQ:KLAC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 4.06% Raymond James $550 → $625 Maintains Outperform 01/16/2024 4.06% Stifel $535 → $625 Maintains Buy 01/16/2024 -16.75% Barclays $425 → $500 Maintains Underweight 12/18/2023 21.54% New Street Research → $730 Initiates Coverage On → Buy 11/22/2023 -8.43% Redburn Atlantic → $550 Initiates Coverage On → Neutral 10/26/2023 -16.75% Morgan Stanley $529 → $500 Maintains Equal-Weight 10/05/2023 -20.08% UBS $475 → $480 Maintains Neutral 09/15/2023 -0.1% Wolfe Research → $600 Initiates Coverage On → Outperform 07/31/2023 -10.09% Goldman Sachs $456 → $540 Maintains Buy 07/28/2023 -6.76% Susquehanna $490 → $560 Maintains Positive 07/28/2023 -10.93% TD Cowen $410 → $535 Maintains Market Perform 07/28/2023 -10.93% Stifel $450 → $535 Maintains Buy 07/28/2023 -4.27% Wells Fargo $500 → $575 Maintains Overweight 07/28/2023 -6.76% JP Morgan $445 → $560 Maintains Overweight 07/28/2023 -29.24% Barclays

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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 01/19/2024 5.65% Raymond James $725 → $850 Maintains Outperform 01/16/2024 5.65% Stifel $750 → $850 Maintains Buy 01/16/2024 -6.78% Barclays $600 → $750 Maintains Equal-Weight 12/08/2023 -10.51% Morgan Stanley → $720 Downgrades Overweight → Equal-Weight 11/22/2023 -0.57% Redburn Atlantic → $800 Initiates Coverage On → Buy 10/19/2023 -13% JP Morgan $720 → $700 Maintains Overweight 10/19/2023 -13% B. Riley Securities $690 → $700 Maintains Neutral 10/13/2023 -0.57% Needham → $800 Upgrades Hold → Buy 10/05/2023 -9.89% UBS $750 → $725 Maintains Buy 09/15/2023 2.54% Wolfe Research → $825 Initiates Coverage On → Outperform 08/28/2023 -6.78% Stifel $725 → $750 Maintains Buy 07/27/2023 -10.51% Morgan Stanley $550 → $720 Maintains Overweight 07/27/2023 -10.51% JP Morgan $550 → $720 Maintains Overweight 07/27/2023 -19.21% Wells Fargo $620 → $650 Maintains Equal-Weight 07/27/2023 -0.57% Citigroup

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Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings

/ / Technology /

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 15.49% Raymond James $140 → $190 Maintains Strong Buy 01/16/2024 21.57% Barclays $120 → $200 Maintains Overweight 01/16/2024 18.53% Keybanc $170 → $195 Maintains Overweight 01/08/2024 14.27% Melius Research → $188 Upgrades Hold → Buy 01/05/2024 -1.53% Mizuho $130 → $162 Maintains Buy 01/04/2024 3.33% Keybanc $140 → $170 Maintains Overweight 12/18/2023 -4.57% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 0.29% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 21.57% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 -11.86% Stifel → $145 Reiterates Buy → Buy 12/07/2023 -14.9% Raymond James $125 → $140 Maintains Strong Buy 11/14/2023 -24.02% Roth MKM → $125 Initiates Coverage On → Buy 11/02/2023 -17.94% UBS $145 → $135 Maintains Buy 11/01/2023 -40.43% Truist Securities $128 → $98 Maintains Hold 11/01/2023

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Intel (NASDAQ:INTC) Stock Analyst Ratings

/ / Technology /

Intel (NASDAQ:INTC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 14.61% Raymond James $48 → $54 Maintains Outperform 01/18/2024 -10.86% Susquehanna $38 → $42 Maintains Neutral 01/16/2024 -6.61% Barclays $32 → $44 Maintains Equal-Weight 01/04/2024 40.08% Tigress Financial $46 → $66 Maintains Buy 01/02/2024 -4.49% Stifel $38 → $45 Maintains Hold 12/15/2023 6.12% B of A Securities $32 → $50 Upgrades Underperform → Neutral 12/12/2023 1.88% Raymond James $42 → $48 Maintains Outperform 12/05/2023 10.37% Benchmark $42 → $52 Maintains Buy 11/16/2023 6.12% Mizuho $37 → $50 Upgrades Neutral → Buy 10/27/2023 -17.22% Morgan Stanley $35 → $39 Maintains Equal-Weight 10/27/2023 -63.92% Rosenblatt → $17 Reiterates Sell → Sell 10/27/2023 -15.1% Needham → $40 Reiterates Buy → Buy 10/27/2023 -29.96% HSBC $27 → $33 Upgrades Reduce → Hold 10/25/2023 -15.1% Raymond James $42 → $40 Maintains Outperform 10/19/2023 -19.35% Susquehanna $37

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