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☆ Top Wall Street analysts are banking on these stocks for solid returns
▼ + stars: | 2023-08-06 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

In this article GMMSFTSPOTMETADPZ Follow your favorite stocks CREATE FREE ACCOUNTThe Spotify logo on the New York Stock Exchange, April 3, 2018. Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Domino's PizzaMeta PlatformsNext up is Meta Platforms (META). Nonetheless, Goldman Sachs analyst Kash Rangan, who ranks 459th among more than 8,500 analysts tracked on TipRanks, remains bullish on MSFT stock. However, he observed that historically, whenever Microsoft increased its capital expenditure in the cloud market, Azure growth rate shot up meaningfully and margins rebounded, driving the stock price higher.

Persons: Lucas Jackson, Wall, Brian White, White, Goldman Sachs, Kash Rangan, Rangan Organizations: GM, New York Stock Exchange, Reuters, Meta, TipRanks, Spotify, Microsoft, General

☆ 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

☆ Earnings playbook: Alphabet and General Motors lead off a busy week of reports
▼ + stars: | 2023-07-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +12 min

Tuesday General Motors is set to report earnings before the bell, followed by a call at 8:30 a.m. What history shows: GM earnings beat earnings expectations 86% of the time, according to Bespoke. Alphabet is set to report earnings after the bell, with management slated to hold a call at 5 p.m. This quarter: Earnings for the tech giant are expected to have grown by 10% from the year-earlier period, per Refinitiv. What history shows: Bespoke data shows Alphabet earnings beat expectations 68% of the time, and the stock rises more than 1% on earnings day.

Persons: Michael Wayland, GM's EVs, GOOGL, Jennifer Elias, Goldman Sachs, Kash Rangan, Rangan, Peter Grom, Leslie Josephs, Max, Wells, Zachary Fadem, Jonathan Vanian, Meta, Refinitiv, Jefferies, Andy Barish, LUV, — CNBC's Michael Bloom Organizations: General Motors, Microsoft, Refinitiv, CNBC, company's, Silverado, United Auto Workers union, Investors, Management, PepsiCo, UBS, Boeing, Corporate, Twitter, Meta, Southwest Airlines, U.S, Southwest Locations: U.S, FactSet

☆ 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

☆ Goldman Sachs issues its verdict on generative A.I. and names top stocks to play it
▼ + stars: | 2023-07-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Goldman Sachs says the recent surge in artificial intelligence stocks is not just hype but is driven by genuine potential in the new technology. Goldman's analysts dismissed some of those concerns and said companies like Nvidia and Microsoft are still trading at reasonable multiples. Stocks exposed to A.I. The analysts also highlighted stocks exposed to the AI trend, including Microsoft , Alphabet , and Amazon , leveraging their vast computing infrastructures to commercialize AI on a grand scale. According to Goldman Sachs, companies like Meta Platforms, Salesforce, Adobe, ServiceNow, Intuit, Capgemini, Pearson, London Stock Exchange Group, and Relay Therapeutics were also exposed to the AI theme.

Persons: Goldman Sachs, ChatGPT, Kash Rangan, Bubbles, Eric Sheridan, Sheridan, Stocks, Pearson Organizations: Robotics, Artificial Intelligence, Street, upstarts, Microsoft, Google, Nvidia, Wall, Marvell Technology, TSMC, Unimicron Technology, Adobe, Intuit, Capgemini, London Stock Exchange Group, Therapeutics

☆ Oracle hits record after 50% surge in 2023, defying tech struggles
▼ + stars: | 2023-06-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +7 min

Larry Ellison, Oracle's chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019. For years, the database software developer lagged behind tech rivals in building cloud technology that met the demands of the modern-day enterprise. The shares are up over 50% in 2023, which would mark the best year for shareholders since the dot-com boom of 1999. Oracle got its latest boost this week after reporting stronger-than-expected earnings and revenue, prompting nods of approval from analysts. On Oracle's earnings call this week, CEO Safra Catz took a minute to express gratitude to the company's customers and employees.

Persons: Larry Ellison, Justin Sullivan, Larry Ellison's, Goldman Sachs, Ellison, Bill Gates, Let's, it's, Eric Lynch, Scharf, Salesforce, Kash Rangan, Oracle, Lynch, Safra Catz, Catz, Jefferies, Brent Thill Organizations: Oracle, Getty, Nvidia, Bloomberg, Microsoft, Scharf Investments, Google, Goldman, Amazon Web Services, Monday, Exxon Mobil, Pfizer Locations: San Francisco, TikTok, Cohere, IaaS, NetSuite, Los Gatos , California, Silicon Valley, A.I

☆ Oracle's biggest critic, Goldman Sachs, admits it was wrong about rating the stock a sell
▼ + stars: | 2023-06-13 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Oracle reported a record-breaking $49.95 billion in annual revenue thanks to success in cloud computing. It has convinced its biggest critic, Goldman Sachs, to change its mind about its potential. And on Tuesday, Oracle's biggest critic, Goldman Sachs analyst Kash Rangan, admitted he was wrong. He did gracefully swallow his pride enough to admit that since he first imposed the sell rating, the stock has climbed 46%. And he's also got his eye on Oracle's cash situation, given how expensive it is to build and maintain data centers.

Persons: Goldman Sachs, there's, Oracle's, Kash Rangan, Rangan, he's, What's, Safra Catz, it's, Morgan, Keith Weiss, luke, Weiss Organizations: Oracle, Morning, Yahoo Finance, Microsoft

☆ Salesforce is developing a ton of new AI products that could lead to 'a massive new buying cycle' Goldman Sachs and Morgan Stanley analysts believe
▼ + stars: | 2023-06-09 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Salesforce could be leading it, with a giant list of new AI products in the works. And he told tale after tale of planned AI products. Morgan Stanley's Keith Weiss believes Salesforce's claims that AI has the potential to "spark a massive new buying cycle." Rangan tallied up 15 pending AI products from Salesforce. There will be five new AI products incorporated into the Marketing cloud to automate tasks ranging from personalized emails to analyzing engagement.

Persons: Salesforce, Marc Benioff, Claude, Goldman Sachs, Kash Rangan, Salesforce's, Einstein, Rangan, Morgan Stanley's Keith Weiss, Weiss Organizations: OpenAI, Salesforce Ventures, Google, Salesforce's, Slack, Products, Next

☆ Goldman Sachs says this little-known tech stock is an AI beneficiary, sees nearly 100% upside
▼ + stars: | 2023-06-06 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Goldman Sachs is forecasting a massive upswing for this open source software data hub stock. The firm initiated coverage of GitLab with a buy rating on Monday and a $70 per share price target. Analyst Kash Rangan said the company could stand to benefit from steeper investments into artificial intelligence integrations, which includes generative AI. GitLab serves as collaboration tool for software developers that looks to streamline the development process. GTLB YTD mountain GitLab stock has slipped roughly 22% from the start of 2023.

Persons: Goldman Sachs, Kash Rangan, GitLab, — CNBC's Michael Bloom

☆ 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

☆ These tech stocks have never been more compelling, Goldman Sachs says
▼ + stars: | 2023-05-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs named a slew of top tech picks as earnings season begins to wind down. CNBC Pro combed through top research from Goldman to find some of the firm's favorite tech stocks exiting earnings. "Specifically, in its Q1'23 earnings report, Bumble mgmt. ZoomInfo Goldman is betting on a big second half for ZoomInfo after its robust earnings report earlier this month. Bumble "Bumble reported a solid set of results as the company continues to execute against its four strategic pillars.

☆ Goldman says this unique play on the construction industry has 40% upside
▼ + stars: | 2023-05-04 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Goldman Sachs predicts shares of this construction software company will surge. "We believe that Procore is well-positioned to deliver upside to its F23 revenue guidance for 26% in F23," Rangan said. The company develops software to oversee both large- and small-scale construction projects from start to finish, as a sort-of one size fits all management program. The industry overall lacks a streamlined method of digitization, and Goldman Sachs highlighted the firm's diversification across a variety of market sizes to support the stock upgrade. PCOR YTD mountain Goldman Sachs thinks shares of Procore Technologies can deliver investors as much as 41% upside from current trading levels.

☆ Microsoft stock rallies on earnings and bullish A.I. outlook
▼ + stars: | 2023-04-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

A sign for Microsoft Corp. at the company's office in the central business district of Lisbon, Portugal, on Tuesday, Dec. 27, 2022. Microsoft shares sustained a nearly 8% jump in pre-market trading Wednesday, a day after reporting third-quarter results that beat analyst expectations on the top and bottom lines. Shares held their gains after a British regulator blocked Microsoft's planned acquisition of video game company Activision Blizzard on Wednesday morning. Analysts responded positively to Microsoft's AI prospects. Morgan Stanley reiterated its overweight rating on the stock and increased its price target to $335.

☆ 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.

☆ Goldman recommends buying call options in these two tech titans before their earnings reports
▼ + stars: | 2023-04-13 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Goldman Sachs recommends clients buy call options on Apple and Microsoft ahead of each company's earnings reports in two weeks. For Apple, Goldman thinks the mobile app spending portion of the company will beat Wall Street expectations and service revenue will become the main force behind earnings growth. "While app spending growth has slowed, as we lap recent benefits from consumer stimulus and engagement benefits due to the pandemic he expects app spending to resume mid-teens growth in F2024." AAPL YTD mountain Apple could beat expectations in mobile app spending and boost shares as investors look toward earnings, according to Goldman Sachs. "AI-related 12 April 2023 3 Goldman Sachs Weekly Options Watch workloads can also provide a boost to Azure over time.

☆ Instant View: Here’s what experts think of India's surprise rate decision
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +16 min

The monetary policy committee (MPC) retained the key lending rate or the repo rate (INREPO=ECI) at 6.50% in a unanimous decision. With the likely softening of CPI to the low- to mid-5% levels in the coming month, the current repo rate of 6.5% implies that India’s real policy rate will hover around 1% during 2023-24, while maintaining a policy rate differential of about 1.5% with the US. Room for additional rate hikes has been retained with MPC’s policy stance continuing to remain unchanged at ‘withdrawal of accommodation’. We believe the bar for future rate hikes has increased, especially since near-term prints of CPI will be sub 6%. Scope for further hikes is limited given our growth-inflation outlook and impact of the past rate hikes on the same.

☆ Goldman Sachs upgrades this ‘internet of things’ stock — which it sees surging 60%
▼ + stars: | 2023-03-03 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Investors looking for exposure to the "internet of things" — the concept of linking physical objects to the internet and cloud — should consider buying shares of Samsara. Analyst Kash Rangan upgraded Samsara , which provides tracking systems for vehicle fleets and agricultural equipment, to buy from neutral. He also hiked his price target on the stock to $27 from $16, implying upside of 60% from Thursday's close. Rangan pointed out this marks the fourth consecutive quarter in which Samsara's revenue outperforms expectations. Samsara CFO Dominic Phillips said during a call with analysts that the company expects to reach breakeven free cash flow in the fourth quarter.

☆ Salesforce is having its best day since 2020 after blowout earnings report
▼ + stars: | 2023-03-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Salesforce shares surged 12% on Thursday and headed for their biggest single-day rally since August 2020, after the cloud software vendor issued earnings and guidance that trounced analysts' estimates. After the close of regular trading on Wednesday, Salesforce reported fiscal fourth-quarter adjusted earnings of $1.68 per share, 23% higher than the consensus among analysts polled by Refinitiv. Alongside the earnings report, Salesforce said it's working with Bain on a business review, and the company announced the elimination of the board's committee on mergers and acquisitions. Rangan, who recommends buying the stock, raised his 12-month price target for the second time in a week after the report. WATCH: Salesforce earnings highlight how expectation beats can move markets, says Kari Firestone

☆ India's HDFC raises $3 bln in largest-ever local bond issue-bankers
▼ + stars: | 2023-02-16 | by ( Dharamraj Lalit Dhutia | ) www.reuters.com time to read: +3 min

MUMBAI, Feb 16 (Reuters) - India's Housing Development Finance Corp (HDFC.NS) raised its target of 250 billion rupees ($3.03 billion) in the country's largest privately placed corporate bond issue on Thursday, merchant bankers said. The country's largest housing financier, soon to be merged with private lender HDFC Bank, sold 10-year bonds at a coupon of 7.97% coupon. The issue received 92 bids worth 278.63 billion rupees, of which the company retained 55 bids worth 250 billion rupees, HDFC said in an exchange notice. The NBFC has now raised an aggregate of 784.14 billion rupees through bond issuance in this financial year, the highest by any company. Axis Bank, ICICI Bank, HDFC Bank and ICICI Securities Primary Dealership are the arrangers.

☆ Watch CNBC's full interview with Goldman Sachs analyst Kash Rangan
▼ + stars: | 2023-01-25 | 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 Goldman Sachs analyst Kash RanganGoldman Sachs analyst Kash Rangan joins 'TechCheck' to discuss his buy rating on Microsoft.

☆ Six stocks Goldman Sachs likes ahead of earnings
▼ + stars: | 2023-01-21 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

Goldman Sachs' analysts have stocks they are confident about going into a new earnings season. The stocks we found are Amazon , ServiceNow , Colgate-Palmolive , Boeing , Microsoft and Cleveland-Cliffs . Colgate-Palmolive Analyst Jason English raised estimates ahead of Colgate-Palmolive's Jan. 27 earnings as headwinds from foreign exchange turn in to tailwinds. While English said the uncertain global environment could hurt Colgate's business, he still expects the toothpaste and soap maker to meet Goldman's 9% per-share earnings growth forecast for the year. Specifically, we are now forecasting AWS growth to decelerate to +21% YoY (vs. +27.5% YoY in Q3'22) with more subdued growth expectations in 2023.

☆ The 25 big companies with the best CEOs
▼ + stars: | 2022-12-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

1 on Comparably's 2022 list of the top CEOs from big companies. 1 on Comparably's Best Company Culture list that was published on Monday. The CEOs of ADP, Nextdoor, and Google also made this year's top 10 CEOs. Several CEOs of companies in tech made the top of the list. The following are the CEOs that made the top of the large company list this year.

☆ Goldman Sachs names Microsoft a top pick, says the tech giant can be resilient in an economic downturn
▼ + stars: | 2022-12-09 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Microsoft 's strong track record during economic downturns should give investors hope in the new year, Goldman Sachs said Friday. The firm named Microsoft a top pick for 2023 while reiterating its price target at $315, which implies an upside of 27.3% over Thursday's close. Rangan said the company will feel pressure from recent sliding demand in cyclical business areas like personal computers and advertising. Meanwhile, Rangan said investors can assume conservatism from management due to the sliding consumer spending and business contractions seen more broadly. Microsoft, like much of Big Tech, has floundered in 2022 as the Federal Reserve raises rates to fight inflation.

☆ Goldman finds prior year's losers tend to beat the market in the first quarter — 10 laggard buys
▼ + stars: | 2022-12-02 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

As investors prepare their portfolios for the new year, Goldman Sachs revisited laggard stocks that have the potential to outperform at the start of 2023. In the past, stocks that lagged the broader market tended to become leaders in the first quarter of the following year, according to Goldman Sachs. Goldman Sachs searched for laggards across several different criteria. Another stock that made the list includes Adobe , which Goldman Sachs considers a buy-rated quality stock trading at a reasonable valuation. In October, Goldman Sachs analyst Kash Rangan identified the name as a tech stock that is resilient in a downturn .

☆ This software stock could buck industry trends and rally 28%, Goldman Sachs says
▼ + stars: | 2022-11-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bentley Systems is expected to continue performing well as demand for civil engineering services bucks broader trends, Goldman Sachs says. Analyst Kash Rangan upgraded the stock to buy from neutral and upped his price target to $44, which implies an upside of 27.8% from Wednesday's close. He said Bentley is poised to outperform even in a "more turbulent economic environment." But Rangan thinks Bentley has a better trajectory, pointing to strong earnings this year, 99% account retention and 110% annual recurring revenue. Missing margin expectations could also hurt valuation given management's pledge to continue expanding by at least 100 basis points every year.

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