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☆ Earnings this week will be dominated by Big Tech. What analysts expect
▼ + stars: | 2024-04-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Big technology earnings this week could offer a much-needed catalyst for a market under pressure. Last week, the S & P 500 and Nasdaq Composite notched their longest daily losing streaks since October 2022, with the broad index posting its worst week since March 2022. Big Tech's performance this week could set the tone for the rest of earnings season and revive the market momentum. Tesla Tesla launches the reporting period for the "Magnificent Seven" stocks, with results due out after the bell Tuesday. Meta Platforms Meta Platforms ' results are due out after the bell Wednesday.

Persons: Tesla, Elon Musk, John Murphy, Longtime Deutsche Bank Tesla, Emmanuel Rosner, Brent Thill, Bernstein, Mark Shmulik, Doug Anmuth, Justin Post, Goldman Sachs, Eric Sheridan, Jefferies, Bernstein's, Wells Fargo's Michael Turrin, Piper Sandler's Brent Bracelin, Kash Rangan, Brad Zelnick, OpenAI, Satya Nadella Organizations: Federal Reserve, Nasdaq, Tesla Tesla, Bank of America, Barclays, Longtime Deutsche Bank, Microsoft, Deutsche, NVIDIA Locations: China

☆ Analysts think these tech stocks could rise even as the S&P 500 hits a record high
▼ + stars: | 2024-01-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

There could still be further gains ahead for tech stocks, even as the sector boosted the S & P 500 to a new record-high closing last Friday. After kicking off the new year with a lukewarm start, the technology sector turned the ship around, largely driven by the ongoing artificial intelligence frenzy . Despite these gains, broader analyst consensus indicates that there are still tech stocks poised to go higher from here. Likewise, analysts on average think design software company Synopsys could rally another 18%. Last week, the company announced it would acquire engineering simulation software company Ansys in an approximately $35 billion deal .

Persons: Brad Zelnick, John Vinh, Trimble, —, Fred Imbert Organizations: CNBC Pro, Oracle, Deutsche Bank, Semiconductor, KeyBanc Capital Locations: Oracle's

☆ Deutsche Bank says these two cloud stocks are top picks for 2024, sees one rallying nearly 25%
▼ + stars: | 2024-01-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Technology stocks had a banner year in 2023, but Deutsche Bank thinks there could be even more upside ahead. Although these gains may seem hard to match, Deutsche Bank analyst Brad Zelnick and his team expect software stocks to outperform in the new year. In particular, the analyst listed buy-rated Salesforce and Oracle as his two top picks for 2024. Oracle stock has climbed 3.1% in 2024 , and shares popped 29% last year. ORCL YTD mountain ORCL YTD chart "We see the multiple recovering and the stock steadily making its way out of the penalty box in 2024," the analyst wrote.

Persons: Brad Zelnick, Zelnick, prem Organizations: Deutsche Bank, Software, Oracle Locations: Thursday's

☆ Top Wall Street analysts are confident in the long-term potential of these stocks
▼ + stars: | 2023-11-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Wall Street analysts can help investors identify stocks that have what it takes to thrive amid short-term headwinds — and that can offer attractive returns going forward. Here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Apple's overall revenue declined for the fourth consecutive quarter due to notable declines in iPad and Mac sales. Zelnick raised his price target from $380 to $395 and reiterated a buy rating on MSFT stock. Following the Q3 2023 print, Zelnick maintained a buy rating on NOW stock and increased the price target to $650 from $625.

Persons: Aly Song, Wall, Baird, William Power, Power, TipRanks, Goldman Sachs, Eric Sheridan, Sheridan, Brad Zelnick, Zelnick Organizations: Apple, Reuters Companies, Wall Street, Apple Tech, Apple's Services, Services, North America, Web Services, AWS, TipRanks, Microsoft, Deutsche Bank, Fortune, Software, U.S Locations: Shanghai, China, ServiceNow

☆ Microsoft shares rise as Wall Street heralds ‘strong execution,’ wider AI rollout
▼ + stars: | 2023-10-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The company also beat revenue consensus among analysts surveyed by LSEG, formerly known as Refinitiv. Microsoft reported revenue of $56.52 billion for the quarter, compared to a consensus estimate of $54.50 billion. Zelnick raised his price target from $380 to $395, adding that "operating discipline" and "a full-stack approach to delivering AI solutions" was just as, if not more impressive, than Microsoft's revenue beat. Azure revenue alone, which Microsoft doesn't disclose in dollars, grew 29% during the quarter. Comments from Microsoft executives helped boost analyst sentiment as well, with Chief Financial Officer Amy Hood saying on a Tuesday call with analysts, "We feel good about our execution, we feel good about taking share and we feel good about consistent trends."

Persons: Brad Zelnick, Zelnick, Raimo Lenschow, Microsoft's, Lenschow, Amy Hood, Jordan Novet, Michael Bloom Organizations: Microsoft, LSEG, Deutsche Bank, Software, Barclays, CNBC

☆ Top Wall Street analysts pick these five stocks for compelling returns
▼ + stars: | 2023-10-01 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

However, the current scenario also offers an opportunity to pick stocks that could generate attractive returns despite short-term pressures. To that end, here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. The analyst said the results reinforce his view of Adobe as a winner in an emerging generative artificial intelligence world. "This strategy should enable creatives to better appreciate the productivity benefits of generative AI more quickly, and make Firefly-powered generative AI offerings a critical part of their workflows, creating competitive differentiation as well as increasing the overall value of Creative Cloud," said Zelnick. Rangan holds the 509th position among more than 8,500 analysts on TipRanks.

Persons: Shantanu Narayen, Mark Neuling, Wall, Brad Zelnick, Zelnick, TipRanks, Baird, Colin Sebastian, Sebastian, Bing, Goldman Sachs, Kash Rangan, Rangan Organizations: Adobe, CNBC, Adobe Software, Deutsche Bank, Microsoft Tech, Microsoft, Windows, Bing, TipRanks, FedEx

☆ Top Wall Street analysts pick these 5 stocks for compelling returns, including Nvidia
▼ + stars: | 2023-09-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Nvidia | via ReutersThe macro backdrop is looking challenging as September begins, but analysts have highlighted several stocks that they feel confident about for the long term. Here are five attractive stocks, according to Wall Street's top experts, as rated by TipRanks, a platform that ranks analysts based on their past performance. The company recently reported its fiscal second-quarter results, which crushed Wall Street's expectations, as revenue more than doubled compared to the prior-year quarter. Management expects sequential revenue growth to accelerate in the fiscal third quarter, fueled by AI and cloud infrastructure. He expects the company's AI initiatives to create value for small business owners, consumers, and taxpayers, driving long-term growth and improved profitability.

Persons: INTU PANW, Wall, Harlan Sur, Sur, Ross Seymore, MRVL, Seymore, Keith Bachman, billings, Bachman, Brad Zelnick, Zelnick Organizations: Nvidia, TipRanks, JPMorgan, Marvell Technology, Management, Deutsche Bank, Automotive, Marvell, Palo Alto, Palo Alto Networks, BMO Capital, Palo, Intuit Financial, Intuit Locations: Santa Clara , California, Palo, billings, Palo Alto

☆ Goldman Sachs sees Salesforce rallying more than 50% after strong earnings
▼ + stars: | 2023-08-31 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Salesforce 's latest earnings have Goldman Sachs even more excited for the tech stock's future. A day earlier, Salesforce reported fiscal second-quarter earnings and revenue that beat expectations , while also issuing better-than-forecasted guidance for the current quarter. Goldman Sachs analyst Kash Rangan raised his price target on Salesforce by $15 to $340 per share, implying upside of 58.1%. His price target would mark a continuation of this year's rally, with the stock already up more than 62% in 2023. "Salesforce delivered strong results, even despite the negative investor sentiment heading into the print," he said.

Persons: Salesforce, Goldman Sachs, Kash Rangan, Rangan, couldn't, Brad Sills, Brad Zelnick, Lenschow, — CNBC's Michael Bloom Organizations: Microsoft, Adobe, Intuit, Autodesk, of America, Deutsche Bank Locations: CY24, reaccelerating

☆ Palo Alto Networks shares rise more than 14% after earnings report
▼ + stars: | 2023-08-21 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Shares of Palo Alto Networks rose more than 14% in Monday morning trading, continuing a rally that began when the security software vendor reported stronger-than-expected fiscal fourth-quarter earnings last week. The company reported adjusted quarterly earnings per share of $1.44 versus a Refinitiv analyst consensus of $1.28 per share. There had been some concern among analysts that Palo Alto was slated to report bad news alongside its earnings, since it scheduled its earnings release date for after the bell Friday. As a result, Palo Alto stock fell as far as $208.02 after it announced its earnings release date. Palo Alto CEO Nikesh Arora described the pre-earnings concern as making for "some very interesting reading" in analyst reports.

Persons: Nikesh Arora, Brad Zelnick, Zelnick, Tal Liani Organizations: Palo Alto Networks, Palo Alto, Palo, Deutsche Bank, Bank of America, " Bank of America Locations: Palo Alto

☆ Here's what analysts are saying after Palo Alto Networks' second-quarter earnings
▼ + stars: | 2023-08-21 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street analysts are riding high after Palo Alto Networks' earnings beat. Goldman Sachs' Gabriela Borges reiterated a buy rating on Palo Alto Networks and raised her price target to $274 from $254. PANW 1D mountain Palo Alto Networks added more than 15% on Monday. Elsewhere, Morgan Stanley's Hamza Fodderwala restated an overweight rating as well as a top pick label in a Monday note. The analyst raised his price target to $304 from $302, which implies 45% upside from Friday's close.

Persons: Goldman Sachs, Gabriela Borges, Borges, Brad Zelnick, Zelnick, Morgan Stanley's Hamza Fodderwala, Fodderwala, Michael Bloom Organizations: Palo Alto Networks, Networks, Deutsche Bank

☆ Microsoft's latest A.I. subscription is boosting Wall Street's confidence in the software giant
▼ + stars: | 2023-07-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Analysts are turning more bullish on Microsoft and its artificial intelligence capabilities after the software giant revealed pricing for its A.I. Shares closed at a record Tuesday after Microsoft revealed a $30 fee for its monthly Copilot offering, which adds AI capabilities to Microsoft 365. The announcements led to a handful of Wall Street price target adjustments, as the company solidifies its dominance in the latest technology revolution consuming the investing community. The analyst has an overweight rating on the stock and raised his price target to $385 per share from $350. The analyst hiked his price target to $400 from $330.

Persons: chatbot, Microsoft's, Amy Hood, Mark Murphy, James, Brad Sills, Sills, Brad Zelnick, — CNBC's Michael Bloom Organizations: Microsoft, Meta, Bank of America Locations: ChatGPT

☆ Deutsche Bank says this A.I. winner could be in trouble after its latest investor day
▼ + stars: | 2023-06-23 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

C3.AI did little to differentiate itself among an increasingly crowded space of artificial intelligence stocks at the company's investor day, according to Deutsche Bank. The bank on Friday reiterated a sell rating the stock, with a $16 per share price target. C3.AI has surged 234% year to date as investor hype over artificial intelligence lifted the entire sector. But Deutsche Bank analyst Brad Zelnick said it isn't clear at this point in time how the company will stand out and added that the investor day held earlier this week only provided "somewhat limited incremental updates." AI YTD mountain C3.AI has been on an impressive run since January tied to investor excitement over artificial intelligence.

Persons: Brad Zelnick, Zelnick, Morgan Stanley's Sanjit Singh, Joshua Tilton, Michael Bloom Organizations: Deutsche Bank, Deutsche, Wolfe Research Locations: hyperscalers

☆ Despite near-term growth concerns, Wall Street analysts view this cloud stock as a long-term A.I. winner
▼ + stars: | 2023-06-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Snowflake should emerge as a long-term artificial intelligence winner despite a host of near-term snowstorms, Wall Street analysts think. The cloud stock dropped more than 16% last Thursday after the company shared product revenue guidance that fell short of consensus expectations and results that indicated slowing growth. Even with these headwinds, many analysts remain positive on Snowflake's long-term trajectory, viewing an acquisition and the transition to the cloud as two catalysts for the stock. Deutsche Bank's Brad Zelnick said in a recent note that AI, among other developments, should drive customer stickiness and improved use cases. A murky future Not everyone seems optimistic about Snowflake's AI potential, however.

Persons: Snowflake, Brent Thill, Piper Sandler's Brent Bracelin, Raymond James, Simon Leopold, Frank Slootman, Goldman Sachs, Kash Rangan, Rangan, Brad Zelnick, Redburn, Alex Haissl, Haissl, — CNBC's Michael Bloom Organizations: Wall Street, Wolfe Research, Snowflake's Summit, Deutsche, Palo Alto Networks Locations: Snowflake, Las Vegas

☆ Top analysts are bullish on these five stocks in uncertain times
▼ + stars: | 2023-03-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five stocks to weather the storm, according to Wall Street's top professionals on TipRanks, a platform that ranks analysts based on their past performance. Despite the ongoing pressures, cloud-based data warehouse company Snowflake (SNOW) delivered upbeat quarterly results. The company's fiscal 2023 fourth-quarter results missed expectations due to macro pressures, higher costs, supply chain issues and increased promotional activity. TD Cowen analyst Shaul Eyal remains bullish about Zscaler and reiterated a buy rating with a price target of $195 following the results. (See Zscaler Hedge Fund Trading Activity on TipRanks) Eyal holds the 15th position among more than 8,000 analysts on TipRanks.

☆ Watch CNBC's full interview with Brad Zelnick
▼ + stars: | 2023-01-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Brad ZelnickBrad Zelnick, analyst at Deutsche Bank, joins 'TechCheck' to discuss his thoughts on Salesforce after activist investor Elliott Management has reportedly taken a huge stake in the stock. He also breaks down Microsoft announcing a new multibillion-dollar investment with OpenAI.

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