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Analysts say these stocks have double-digit growth potential and investors should buy shares now. They include: Microsoft, Wayfair, Pearson and Broadcom. Davidson admitted that the home category is displaying some degree of uncertainty, but Forte says he has confidence in Wayfair management's ability to deliver. In addition, Pearson's three emerging businesses, including Pearson+, English Language Learning and Workforce Solutions, are poised to "demonstrate double-digit growth," he said. Emerging businesses demonstrate double-digit growth, backed by cash flows from the core A & Q business."
Persons: Wayfair DA Davidson, Tom Forte, Davidson, Forte, Pearson, Morgan Stanley, Luke Holbrook, Morgan Stanley's, Holbrook, Cody Acree, Acree, DA Davidson, AVGO Organizations: CNBC, Microsoft, Wayfair, Pearson, Broadcom, Solutions, Nvidia, Citigroup, Benchmark, Data Center
Courtesy NVIDIA/Handout via REUTERS Acquire Licensing RightsAug 28 (Reuters) - Increased analysts' estimates since Nvidia's (NVDA.O) strong quarterly report last week have left the world's most valuable chipmaker trading at its lowest forward earnings multiple in eight months. Nvidia's forward earnings valuation plungesAt that price, Nvidia shares are trading at the equivalent of around 33 times expected earnings over the next 12 months, according to Refinitiv data. That forward PE compares to over 46 a week ago, and it is now at its lowest since December 2022. Price/earnings ratios help investors gauge the value of companies, but relying on analysts' estimates of future earnings creates uncertainty. Following its report, analysts on average expect Nvidia's revenue for the fiscal year ending in January 2024 to reach $53 billion, nearly double the previous year, according to Refinitiv data.
Persons: Price, Ross Mayfield, Cody Acree, It's, Acree, Jensen Huang, Noel Randewich, Diane Craft Organizations: NVIDIA, Handout, REUTERS Acquire, Nvidia, Baird, Benchmark Research, Apple, Thomson Locations: Santa Clara , California
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is the first time that AMD has challenged Intel's market share, analyst saysCody Acree of The Benchmark Company discusses semiconductor consumption and AMD's earnings in the first quarter.
Intel climbs as Wall St cheers early signs of recovery
  + stars: | 2023-04-28 | by ( ) www.reuters.com   time to read: +2 min
TD Cowen analysts said the company "was not out of the woods yet but this was a starting point." Intel's market capitalization is set to rise by nearly $8 billion to more than $130 billion, if premarket gains hold. "We see gross margin pressured for the foreseeable future reflecting aggressive process and new product spend as well as IFS (Intel Foundry Services) investment," Oppenheimer said. Intel posted its biggest quarterly loss in the first quarter as it ramped up production and investments in manufacturing plants. Reporting by Eva Mathews and Aditya Soni in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
Intel is a buy now that the worst is priced into the chip stock, Benchmark said. Analyst Cody Acree upgraded the semiconductor firm to buy from hold, saying that investors should get more "constructive" on the stock after its better-than-expected earnings results. Benchmark wasn't the only Wall Street firm to upgrade Intel post earnings. Wedbush also upgraded the chip stock to neutral from underperform, and raised its price target to $30 from $20. "Net, we no longer see a near-term catalyst that might push revenue and earnings below recent results," Bryson wrote Friday.
Wall Street analysts named several stocks this week they see as major beneficiaries of the recent artificial intelligence boom. They include Adobe, Marvell, RadNet, Cisco, TSM and Broadcom. RadNet The outpatient radiology diagnostic center company was recently upgraded to outperform from market perform by Raymond James analyst John Ransom. "With strong structural tailwinds, MSD-HSD EBITDA growth should be achievable in the near to intermediate-term, with an enticing opportunity in the AI segment," Ransom said. ... With strong structural tailwinds, MSD-HSD EBITDA growth should be achievable in the near to intermediate-term, with an enticing opportunity in the AI segment.
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