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Microsoft and a major chemical stock were among Friday's biggest analyst calls. He also lowered his price target by $1 to $25, which implies shares can fall roughly 19% from Thursday's close. Sandler increased his price target by $27 to $200, which implies 26.6% potential upside. JPMorgan: Analyst Mark Murphy added $30 to his price target, which is now at $470. He also hiked his price target to $61 from $55, which implies upside of 8% going forward.

Persons: Morgan Stanley, Mobileye, Adam Jonas, Jonas, — Pia Singh, Stifel, Stanley Elliot, Elliott, Alphabet's, Oppenheimer, Jason Helfstein, Ross Sandler, Sandler, Brent Thill, Google's, Justin Post, Post, Wall, Raimo Lenschow, Wells, Michael Turrin, MSFT, Turrin, Mark Murphy, Murphy, Keith Weiss, Weiss, Jeffrey Zekauskas, Zekauskas, Dow, Fred Imbert Organizations: CNBC, Microsoft, JPMorgan, Dow Inc, TAM, Caterpillar, Google, Barclays, –, Jefferies, Bank of America, DOW Locations: Israel, Thursday's, reaccelerate, Wells Fargo

☆ 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

Barclays cut its price target on Tesla. Turrin's $480 price target suggests Microsoft shares, which are up more than 10% this year, could add another 15.8% over the next 12 months. Nardone kept his $150 price target, which implies Crocs shares could gain 24.3% over the next 12 months. Tesla shares, which have lost more than 36% this year, traded 1.3% higher in premarket trading. Redburn Atlantic also cut its price target to $130 from $150, reiterating its sell rating on the stock.

Persons: Raymond James, Wells, Michael Turrin, Turrin, — Pia Singh, Crocs, Christopher Nardone, Terence Reilly, Nardone, Stanley, Ben Chaiken, Chaiken, Jefferies, Corey Tarlowe, Tarlowe, Tesla's, Dan Levy, Levy, Tesla, Pavel Molchanov, Vernova, Molchanov, Fred Imbert Organizations: CNBC, Wednesday's, Barclays, GE, Microsoft, Bank of America Bank of America, Royal, Mizuho Securities Mizuho, Royal Beach Club, Urban, Jefferies, Urban Outfitters, Abercrombie, General Electric, GE Vernova Locations: Wells Fargo, Heydude, Royal Caribbean, Tuesday's

☆ Finding quality stocks in what could be a tougher year for investors
▼ + stars: | 2024-01-16 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Investors may want to look at quality names as the market stalls. In a turbulent environment, traditional market wisdom suggests investors can be best served by having exposure to quality stocks. The average price target implies a gain of 6.2% over the next year, adding to its advance of more than 56% in 2023. Wells Fargo's Michael Turrin recently hiked his price target on Microsoft to $435 per share from $425, seeing an "uplift" driven by artificial intelligence. The average analyst also anticipates a better path ahead, with a price target reflecting an upside of about 24%.

Persons: CMEGroup's, Wells Fargo's Michael Turrin, ResMed, RMD, Peter Low Organizations: Traders, Federal Reserve, CNBC, CNBC Pro, Microsoft, FactSet, Oil, Exxon Mobil, Exxon, Super

☆ Stocks like Microsoft have more room to run, as analysts name their top fourth-quarter picks
▼ + stars: | 2023-10-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts have issued their lists of top stocks for the fourth quarter, and a slate of familiar names made the cut. These companies are firing on all cylinders and have more room to run, they said. They include Nvidia , Microsoft, Boeing and T-Mobile. Microsoft Buy any dip in the tech giant's shares, Wells Fargo said earlier this week. In addition, Boeing is in a "premier position" with its jumbo jet manufacturing as the company maintains a large market share, the firm said.

Persons: Wells Fargo, Michael Turrin, ROY, Wells, Mobile Goldman Sachs, Brett Feldman, Feldman, Goldman, Ronald Epstein, AeroSystems, Epstein, Grace, Hopper, C27E, …, Goldman Sachs Organizations: CNBC, Nvidia, Microsoft, Boeing, Mobile, Sprint, Boeing Global, Bank of America, Mizuho, ~$

☆ Wells Fargo’s top fourth-quarter trade ideas include a biopharma stock that could rally 60% off a new treatment
▼ + stars: | 2023-10-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

As investors approach year-end, Wells Fargo is offering its top high-conviction and catalyst-driven trade ideas for the fourth quarter of 2023. Question marks notwithstanding, analysts at Wells Fargo recently shared their top 10 tactical ideas for the next three months. But the worst could now be over, wrote analyst Derek Archila. APLS YTD mountain APLS YTD chart Within technology, Wells Fargo highlighted Microsoft as a top pick. Wells Fargo also included hotel and casino company Caesars Entertainment and discount retailer Ollie's Bargain Outlet among its top trade ideas for the fourth quarter.

Persons: Derek Archila, Wells, Michael, Matt Akers, Akers, Wells Fargo, — CNBC's Michael Bloom Organizations: Nasdaq, Wells, Microsoft, Aerospace, L3Harris Technologies, Caesars Entertainment Locations: Wells Fargo, 3Q23

☆ Wall Street analysts stay bullish on Microsoft after earnings given its 'unique position' in A.I.
▼ + stars: | 2023-07-26 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Weiss reiterated an overweight rating on Microsoft stock with a $415 per share price target, which implies 18% upside from Tuesday's close. Meanwhile, Goldman Sachs analyst Kash Rangan noted that while Azure revenue growth was stabilizing, he highlighted the contributions generative artificial intelligence is making to the segment's maturation. He reiterated a buy rating on the stock with a $400 per share price target, or roughly 14% upside. Bank of America's Brad Sills also reiterated a buy rating on Microsoft stock, albeit with a higher $405 per share price target which equates to 15% upside. Citi's Tyler Radke maintained a buy rating on Microsoft with a $425 price target, or about 21% upside from Tuesday's close.

Persons: Morgan Stanley, Keith Weiss, Weiss, JPMorgan's Mark Murphy, Murphy, Goldman Sachs, Kash Rangan, Rangan, Bank of America's Brad Sills, Sills, Citi's Tyler Radke, Wells Fargo's Michael Turrin, Turrin, — CNBC's Michael Bloom Organizations: Microsoft, Bank of America's

☆ Wall Street analysts reveal their top ideas for the second half, including this red-hot solar name
▼ + stars: | 2023-07-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts have rolled out a slew of top picks that they say investors must own as the second half of 2023 gets underway. They include First Solar, Torrid , Boston Beer, ServiceNow and Boston Scientific. ServiceNow Wells Fargo analyst Michael Turrin is expecting a big second half from the workflow software solutions company. First Solar There's no shortage of positive catalysts "brewing" as the second half kicks off, according to Goldman Sachs analyst Brian Lee. First Solar — Goldman Sachs, buy rating "Catalysts brewing into 2H23 set up well for more positive estimate revisions.

Persons: Roth, Bill Kirk, seltzer, Seltzer, Bud Light, Kirk, Boston Beer, Wells, Michael Turrin, We're, Turrin, ServiceNow, Goldman Sachs, Brian Lee, Lee, — Roth, … We're, Mgmt Organizations: CNBC, Boston Beer, Boston Scientific, Boston, Bank of America, 2Q, Scientific, Barclays, BSX Locations: Boston, Wells

☆ A.I. should help this software stock rally nearly 20%, Wells Fargo says
▼ + stars: | 2023-06-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Artificial intelligence is a boon to Adobe that can't be ignored, according to Wells Fargo. Analyst Michael Turrin upgraded the software stock to overweight from equal weight and raised his price target to $525 from $420. "The AI debate continues to drive ADBE," he said in a note to clients Friday. He also said organizations attempting to cut costs within IT should help increase the popularity of Adobe's DM and DX platforms. As a stock, he said Adobe has a stand-out profile given the fact that profitability stats support valuation.

Persons: Michael Turrin, Turrin, Adobe's, Adobe, — CNBC's Michael Bloom Organizations: Adobe Locations: Wells Fargo, Adobe's

☆ Analysts are getting even more bullish on Microsoft's A.I. prospects after latest earnings report
▼ + stars: | 2023-04-26 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Microsoft's big swings on artificial intelligence are paying off, and analysts are even more bullish on the tech giant. Rangan has a buy rating on Microsoft and a price target of $335, implying upside of 21.6%. "Azure growth was ahead of expectations with MSFT showing ability to protect margin/EPS in a tough backdrop," Turrin said, who rates the stock as overweight. He also hiked his price target to $345 from $320, pointing to a 25.2% potential gain. Keith Weiss of Morgan Stanley also reiterated an overweight rating on the stock, and hiked his price target to $335 per share from $307.

☆ Microsoft's $13 billion bet on OpenAI carries huge potential along with plenty of uncertainty
▼ + stars: | 2023-04-08 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

Microsoft's cumulative investment in OpenAI has reportedly swelled to $13 billion and the startup's valuation has hit roughly $29 billion. What does that mean for Microsoft's investment and broader arrangement? The structure changed in 2019, when two top executives published a blog post announcing the formation of a "capped-profit" entity called OpenAI LP. Microsoft has an exclusive license on GPT-4 and all other OpenAI models, the OpenAI spokesperson said. When considering potential exits for OpenAI, Microsoft — which does not hold an OpenAI board seat — would be the natural acquirer given its close entanglement.

☆ This week’s best performers include Nvidia and this tax stock
▼ + stars: | 2023-02-24 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Nvidia and software stock Ansys were the best performers this week, rising more than 7% each. Analysts see the stock trading in a tight range going forward, however, with the average price target for Nvidia implying upside of just 5%, FactSet data shows. Analysts expected earnings of $2.82 per share on revenue of $647 million, according to StreetAccount. The company's first-quarter earnings per share forecast of $1.53 to $1.71 after adjustments also topped a consensus estimate of $1.41 per share. Earlier this week, Wells Fargo analyst Michael Turrin said the stock could gain roughly 20% going forward.

☆ This under-the-radar stock has 20% upside and could get a boost during tax season, Wells Fargo says
▼ + stars: | 2023-02-22 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Tax season is shining a spotlight on Intuit , and it could be a catalyst for the maker of TurboTax software. "The IRS began accepting e-filings in late January, which brings the TurboTax-led consumer segment of Intuit into greater focus for investors," wrote Wells Fargo analyst Michael Turrin in a Wednesday report. "We think the relative resilience of Intuit's core businesses is flying under the radar currently and focus in on tax season as a catalyst in this report," he said. Turrin rated the stock overweight and gave it a price target of $475 per share – or upside of 19.9% from Tuesday's close. Intuit's TurboTax is also outpacing its competitors, expanding at a 4.3% compound annual growth rate since 2012, versus 3.1% for others in the DIY tax prep space, according to Wells Fargo.

☆ These unprofitable stocks could surprise investors in a good way like Palantir
▼ + stars: | 2023-02-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

There's nothing like a formerly unprofitable company surprising investors with good news. In Palantir's case, the company's first ever positive quarter of net income on a GAAP basis helped the stock rally 21% Tuesday. The food company had a $7 million net income loss in the 2021 fiscal year. The healthcare-apparel retailer had a $9.6 million net income loss in its prior fiscal year but is expected to pull in $21.6 million in net income in its latest fiscal year. Lastly, Snowflake saw a huge net income loss of $679.9 million in 2021, but is expecting to post a $75.9 million net income gain in 2022.

☆ Heavyweight tech battle: How Microsoft and Alphabet stack up against each other in the A.I. war
▼ + stars: | 2023-02-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +9 min

"It's a new day in search," Microsoft CEO Satya Nadella said Tuesday during an AI event held at the company's headquarters, saying that the "race starts today." So far, Microsoft is making significant headway within AI and rising in popularity in the tech world. Alphabet, he added, "got beaten to market by Microsoft" despite its investments in the space. Alphabet Microsoft may be taking the lead on AI in the near term, but investors shouldn't sleep on Alphabet just yet. "We believe GOOGL has the AI tech and scale to maintain/grow its leading user base," said Morgan Stanley's Brian Nowak in a Thursday note.

☆ Microsoft will need 'a crowbar to pry away' Google's advertising dominance, even with its A.I. investments
▼ + stars: | 2023-02-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

But analysts aren't convinced that significant market share gains will come anytime soon. At the same time, he suspects the announcement will further push Google to roll out more of its own AI search engine features. To be sure, even though Microsoft accounts for just a fraction of the search advertising market, analysts see signs that the company is making significant progress. According to Piper Sandler's Brent Bracelin, Microsoft AI should reach $40 billion in revenue in half the time it took the company's cloud segment to reach that milestone. He also estimates that Microsoft could expand its market share within the digital ad market by as much as 7% sometime in 2026.

☆ Big-tech stocks are bouncing back in 2023. Now they face their first big test
▼ + stars: | 2023-01-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

"This is the first real test we've had in a while for big tech stocks," said Adam Sarhan, CEO of 50 Park Investments. Tech companies have already demonstrated that they are bracing for slower growth with a string of recent cost-cutting announcements and layoffs that have left few stalwarts untouched. Sarhan expects most technology companies to surpass expectations, in part because estimates have come so much. Some analysts remain optimistic heading into earnings season, viewing this period as a potential reset for dismal expectations. Companies often use this earnings season as an opportunity to guide for the year ahead.

☆ RBC downgrades Twilio on weak guidance, says there are 'mis-execution' concerns
▼ + stars: | 2022-11-04 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Analysts at RBC Capital Markets are moving to the sidelines when it comes to Twilio. "We are downgrading Twilio to Sector Perform, following weak guidance and a disappointing Analyst Day, which leaves us unable to defend the long-term story," wrote Rishi Jaluria in a Friday note. Disappointing analyst day Then, RBC found Twilio's analyst day to be additionally disappointing instead of being a positive catalyst. Management pulled its previously stated growth target of 30% or more and is now targeting growth of 15% to 25%. Analysts at Cowen also downgraded Twilio to market perform from outperform and cut their price target to $65 from $100.

☆ Wells Fargo downgrades Adobe as $20 billion Figma acquisition raises questions
▼ + stars: | 2022-09-19 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Wells Fargo on Monday became the latest firm to downgrade Adobe after its recent acquisition of Figma. Analyst Michael Turrin downgraded the stock to equal weight from overweight, saying investors should sit on the sidelines as Adobe's $20 billion purchase of Figma raises questions. Adobe shares plunged 24% last week after the software company announced the acquisition. "Following a string of disappointing earnings results, Adobe shocked the software world announcing its intent to acquire Figma for ~$20Bn (1/2 cash, 1/2 stock)," Turrin wrote. The firm's new price target of $310, down from $425, represents just 3.5% upside for Adobe.

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