DIRS.INFO The most relevant business & tech news

☆ Bank of America's global 'Best of Breed' portfolio is trouncing the market. Here's what's in it
▼ + stars: | 2024-07-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Investors looking for outperformance in the third quarter may want to check Bank of America's global "Best of Breed" portfolio. Its third-quarter Best of Breed list is heavily exposed to tech, with the sector netting a 64% portfolio weighting. Here are some of the stocks in the portfolio: Nvidia made the list after a monstrous run this year, surging about 159%. The firm reiterated its overweight rating and raised its price target to $144 from $116 in a Monday note. The firm sees revenue growth accelerating in the second half of this year and operating income growth inflecting in 2025.

Persons: Morgan Stanley, Shopify, BofA, Tyler Radke, NetEase Organizations: America's, Nvidia, Apple, Microsoft, Citi, U.S, Palantir Technologies Locations: U.S, China

☆ Analysts defend Salesforce, saying the sell-off is overdone and AI impact is ahead
▼ + stars: | 2024-05-30 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Even a sharp sell-off in Salesforce stock Thursday — down as much as 21% intraday — isn't keeping some analysts on Wall Street from sticking with their optimistic outlooks on the maker of customer relationship management software. Salesforce executives tied the disappointing results to elongated deal cycles throughout the first quarter that hit the company's booking schedule. Weiss reiterated an overweight rating on Salesforce, albeit with a $320 per share price target, down from $350. Goldman Sachs analyst Kash Rangan reiterated a buy rating on Salesforce stock, but lowered his price target to $315 per share from $345. The analyst reiterated an overweight rating on the stock with a $300 per share price target, or about 10% upside from yesterday's close.

Persons: Goldman Sachs, Morgan Stanley, JPMorgan Chase, Keith Weiss, Weiss, Kash Rangan, Rangan, Mark Murphy, Tyler Radke, Radke Organizations: Wall, JPMorgan, Citigroup Locations: Salesforce, CY25

☆ These AI plays are still cheap even after this year's incredible Nvidia-driven bull run
▼ + stars: | 2024-05-24 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

That said, there are still some opportunities to buy AI stocks on the cheap. The stock's current forward price-to-earnings multiple at 20.1 is only slightly below its five-year average of 21.20. It is also cheap — the stock's current forward price-to-earnings multiple at 150.08 is significantly below its five-year average of 761.17. The stock is also trading at a discount to its five-year average, with a forward price-to-earnings ratio of 16. Other favored AI plays that meet the aforementioned criteria include Equinix , Adobe and Western Digital Corp .

Persons: Wall, Morgan Stanley, Snowflake, Tyler Radke, Joseph Moore, FactSet Organizations: Nvidia, Nasdaq, Dow Jones, CNBC Pro, Meta, Facebook, Citi Research, Micron Technology, Micron, Adobe, Western Digital Corp

He also said that Flywire trading at a discount of about 25% is "unwarranted given the company's strong competitive position and organic revenue growth trajectory." "These risks along with a tough demand setting is likely to remove any support for the stock price." — Alex Harring 5:29 a.m.: BTIG moves to sidelines on McDonald's after earnings BTIG has a different taste in its mouth about McDonald's following earnings. The bank upgraded the delivery giant to buy from neutral and hiked its price target to $175 from $160. "We expect management to deliver a strong cost reduction program to support margin expansion and attractive EPS growth despite facing a backdrop of muted revenue growth," analyst Thomas Wadewitz wrote.

Persons: Flywire, Nate Svensson, That's, Svensson, — Alex Harring, Gross, Manav Gupta, Gupta, Jairam Nathan, Nathan, Tesla, Li, Edison Yu, Yu, Piper Sandler, Arvind Ramnani, Chegg, Ramnani, Alex Harring, Tyler Radke, Palantir, Radke, BTIG, Peter Saleh, Saleh, McDonald's, Thomas Wadewitz, Wadewitz, Fred Imbert Organizations: CNBC, Parcel Service, Deutsche Bank, UBS, Leadership, Li Auto, KraneShares CSI China Internet, Citi, Wall, Revenue, UPS Locations: Tuesday's premarket, Monday's, U.S, Israel

☆ These are Wall Street’s favorite Warren Buffett stocks
▼ + stars: | 2023-11-26 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Berkshire Hathaway's stock portfolio is stuffed with companies that are also beloved by Wall Street analysts. E-commerce giant Amazon is the most recommended stock in the pool of candidates, with roughly 84% of analysts rating it a buy. Snowflake stock has climbed 18% so far in 2023, almost matching the S & P 500 return. SNOW YTD mountain Snowflake stock. Other stocks in the Berkshire portfolio that Wall Street also favors are Sirius parent Liberty Media and the country's second-largest oil major Chevron .

Persons: Warren Buffett, Warren, Tyler Radke, Michael Bloom Organizations: Wall Street, Berkshire Hathaway, Buffett, CNBC Pro, CNBC Berkshire Hathaway, Citigroup, Sirius, Liberty Media Locations: Berkshire, Chevron

Roth MKM downgraded the company to neutral from buy and cut its price target by $9 to $2. Janney, meanwhile, downgraded ChargePoint and assigned a price target of $5, which implies roughly 59% potential upside. Stifel, on the other hand, kept its buy rating and $10 price target based on its long-term view of the stock. Analyst Joseph Moore upgraded the semiconductor manufacturer to overweight from equal weight and upped his price target on the stock by $49 to $225. Kumar has an overweight rating on the stock and a price target of $620, implying upside of 25%.

Persons: Morgan Stanley, Piper Sandler, Roth MKM, Janney, Roth, Craig Irwin, — Pia Singh, Tyler Radke, Radke, Mark Mahaney, Mahaney, Airbnb, Joseph Moore, Moore, Harsh Kumar, Kumar, Fred Imbert Organizations: CNBC, EV, Citi, Communications, Microsoft, ISI, Nvidia Locations: Thursday's, North America, Europe, 2Q24 —, U.S

☆ Analysts left Microsoft's AI event feeling even more bullish about the stock
▼ + stars: | 2023-09-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Commentary and demonstrations from Microsoft 's recent AI-focused Envision event are giving Wall Street more reasons to get bullish on the technology giant. At the event held in New York on Wednesday, Microsoft highlighted generative artificial intelligence solutions and capabilities, including its Copilot subscription service. The company announced pricing earlier this year for the product, which adds AI capabilities to Microsoft's Office suite. Other Wall Street analysts also reiterated their buy ratings on shares, including Citi's Tyler Radke and Goldman Sachs analyst Kash Rangan. A growing backlog in AI product demand should convert to more paying users as enterprises hunt for "high-[return on investment], quick time-to-value solutions," he added.

Persons: OpenAI, Gregg Moskowitz, Citi's Tyler Radke, Goldman Sachs, Kash Rangan, Rangan, — CNBC's Michael Bloom Organizations: Microsoft, Wall Locations: New York, ChatGPT

☆ Citi says favorable setup for this Big Tech stock should send it higher in the next 90 days
▼ + stars: | 2023-09-11 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

There's a "rich" catalyst path ahead for Microsoft shares, according to Citi. The firm initiated a positive 90-day catalyst watch on Microsoft shares. While the tech giant's stock is up nearly 40% year to date, it has lagged on a relative basis since it issued disappointing quarterly revenue guidance in July. Microsoft shares have declined 5% since, while other shares in its peer group have gained 4.9%. Radke's initial read on fiscal first-quarter earnings is more positive owing to inputs on cloud consumption trends and stabilization in the PC market.

Persons: Tyler Radke, Radke, — CNBC's Michael Bloom Organizations: Microsoft, Citi, CoPilot

☆ These stocks reporting earnings next week have historically exceeded expectations and rallied as a result
▼ + stars: | 2023-08-04 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

About four out of every five of those stocks that have already reported have exceeded Wall Street's expectations. CNBC Pro used FactSet data to screen for companies reporting next week that have historically beat Wall Street expectations at least 70% of the time. Entertainment company Lionsgate has beaten expectations for earnings and sales 70% and 63% of past quarters, respectively. Shares have popped an average 3.9% in the sessions directly following its past earnings reports. The average analyst surveyed by Refinitiv sees that ascent continuing, with nearly 50% upside expected over the next year.

Persons: Tyler Radke, Armour, Refinitiv, — CNBC's Michael Bloom, Fred Imbert Organizations: CNBC, Citi, Entertainment, Lionsgate, Mattel

☆ 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

☆ Microsoft shares hit a record high this week. How the pros are playing it
▼ + stars: | 2023-07-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Pretty much everyone believes that generative AI is going to be a critical place to be in the coming decades, and I think Microsoft is far ahead of everyone else." At its steep multiple and price appreciation, she is refraining from buying shares that look "due for a breather." MSFT 5D mountain Microsoft shares this week Most analysts and investors agree that Copilot represents a big opportunity for Microsoft, but some remain skeptical of how much it will be able to monetize and how many users it can attract. Earnings next week could offer the next big catalyst for Microsoft. Microsoft is so well known that any kind of growth investor would have that philosophy."

Persons: Nancy Tengler, Tengler, Paul Meeks, Meeks, Ken Mahoney, Mahoney, Goldman Sachs, Kash Rangan, Citi's Tyler Radke, Guggenheim's John DiFucci, You've, Michael Bloom Organizations: Microsoft, Laffer, Investments, Mahoney Asset Management Locations: overbought

☆ Citi shares its top A.I. picks in software, including two names 'unfairly categorized' as losers
▼ + stars: | 2023-07-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Citi is sharing its top software names to play the booming artificial intelligence market, including two companies it views as "unfairly categorized" as losers. Alteryx shares are down more than 16% this year, while Nice has gained nearly 9%. Radke also said that strong momentum from expanded software and a growing product portfolio should offset fears that AI may hinder Alteryx. Recent analyst day announcements also highlighted ways the company is using AI and machine learning within its data analytics cloud platform, he added. The firm's $70 price target on shares suggests more than 65% upside from Thursday's close, — CNBC's Michael Bloom contributed reporting

Persons: Tyler Radke, MongoDB, Radke, — CNBC's Michael Bloom Organizations: Citi, Nasdaq, Nice Locations: Covid, Israel

☆ There is 'a lot of room' for Oracle to take market share in Cloud Infrastructure: Citi
▼ + stars: | 2023-06-13 | 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 EmailThere is 'a lot of room' for Oracle to take market share in Cloud Infrastructure: CitiTyler Radke, Research Director & Co-Head U.S. Software at Citi Research says there's a lot of momentum in Oracle's Cloud Infrastructure business, and thinks the company can benefit from the AI wave.

Persons: Citi Tyler Radke Organizations: Oracle, Cloud Infrastructure, Citi, U.S, Software, Citi Research

☆ Salesforce's strong results are impressive given activist pressure, Wall Street analysts say
▼ + stars: | 2023-03-02 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Salesforce 's strong earnings were impressive, as it works toward improving profitability in the midst of ongoing activist pressure at the firm, according to Wall Street analysts. The results help Salesforce CEO Marc Benioff fend off pressure from activist investors such as Third Point and Elliott Management that have leaned on the firm. The new price target suggests shares can jump 43% from Wednesday's closing price of $167.35. JPMorgan's Mark Murphy also reiterated an overweight rating on the stock, and raised his price target to $230 from $200 — implying about 37% upside. Nevertheless, he maintained a neutral rating on the stock, with a $182 price target implying just 8% upside.

☆ Citi names the biggest tech winners in emerging A.I. frenzy
▼ + stars: | 2023-02-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

He sees multiple ways the company can win in generative AI, including the market share gain potential in search. However, whether it can retain its user base and grow engagement will be crucial to realizing the revenue opportunity with advertising, Radke noted. Given Alphabet's investments across AI, Radke expects a more robust user experience across search verdicts and products. Opportunity in the GPU business AI search may create a $4.5 billion annual opportunity in the graphic processing unit market, Radke said. He has a price target of $210 on Nvidia, which implies 6% downside from Monday's close.

☆ Latest Microsoft results show the tech giant is still a buy despite near-term pressures, analysts say
▼ + stars: | 2023-01-25 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Microsoft may be facing some near-term pressures, but most analysts think the stock remains a buy at current levels. Radke has a buy rating on the stock, and raised his target price slightly to $282 from $280. His $300 price target represents more than 23% upside from Tuesday's closing price for the stock. Davidson's Gil Luria was especially bullish on Microsoft, saying that the tech giant "deserves a premium valuation relative to the market and its Pac4 comparables." He lowered his price target to $265 from $267.

☆ Dividend stocks are beating the market — Here are Wall Street's favorite income plays for 2023
▼ + stars: | 2023-01-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The companies are rated buy by at least 70% of the analysts covering them. Cabot, which yields 2.1%, has nearly 22% upside to the average price target. First Merchants, along with its 3.1% yield, has nearly 18% upside to its consensus price target. Of all names on the list, Broadcom has the highest dividend yield, at 3.2%. Lastly, payments company Visa has an 0.8% dividend yield and 12% upside, based on the consensus price target.

Organizations: & $

☆ Microsoft's enterprise business expected to drive most earnings power going forward, says Citi's Radke
▼ + stars: | 2022-12-16 | 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 EmailMicrosoft's enterprise business expected to drive most earnings power going forward, says Citi's RadkeTyler Radke, Citi Research co-head of software, joins 'TechCheck' to discuss the profitability of Microsoft's enterprise business going in to next year, the ROI on data infrastructure and methods for finding value in big-tech.

☆ Sell pandemic darling Zoom Video before it falls even further, Citi says
▼ + stars: | 2022-11-16 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

There's even more downside for telecommunications stock Zoom Video , according to Citi. Radke's new target implies downside of 17% from Tuesday's close. "ZM's post-COVID recovery, may continue to falter in Q3 as tightening IT budgets and a weaker macro outlook keep SMB new customer acquisitions low and churn elevated," Radke wrote in a Tuesday note. Shares of the one-time pandemic darling are down more than 50% this year after a rise in interest rates and inflation weighed on growth stocks. We forecast near flattish revenue growth next year with slight FCF growth," Radke wrote.

☆ Analysts are still bullish on Microsoft's long-term prospects but see more near-term headwinds
▼ + stars: | 2022-10-26 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Still, most analysts covering Microsoft remained bullish on the company in the long-term. While a number of firms covering the tech company lowered their 12-month price targets, buy ratings for the tech giant remained intact. The firm reiterated its buy rating but cut its price target to $315 from $330 to reflect slower growth ahead. Lenschow maintained his overweight rating but lowered his price target to $296 per share from $310. The bank has a buy rating on Microsoft and a price target of $282 per share.

Search resuls for: "Tyler Radke"

20 mentions found