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Goldman Sachs - 2 Bernstein - 2 it's - 2 Wells - 2 Mizuho - 2 Morgan Stanley - 2 Goldman - 2 Jefferies - 2
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Wells Fargo Western Australia 1H25 CRDO Mar underperform F1Q25 North America
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Nvidia - 3 Technology - 3 Apple - 2 Citi - 2 Deutsche Bank - 2 Deutsche - 2 " Bank of America - 2 Holdings - 2

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6 mentions found


☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Coca-Cola, McDonald's, Palantir & more
  + stars: | 2024-12-12 | by ( Michael Bloom | ) www.cnbc.com   time to read: +10 min
Here are Thursday's biggest calls on Wall Street: UBS upgrades Diageo to buy from neutral UBS said it sees brand momentum for the beverage company. JPMorgan upgrades Brookfield Renewables to overweight from neutral JPMorgan said it's bullish on shares of the renewables company. Wells Fargo reiterates McDonald's as overweight The firm said it's a top idea heading into the holidays and 2025. " Bank of America upgrades Constellation Energy to buy from neutral The firm said shares of the energy company are "compelling." Goldman Sachs reiterates AT & T as buy The firm said the telecom company is a top idea in 2025.
Persons: Don Julio, Goldman Sachs, Nucor, Bernstein, Apple, it's, Morgan, Wells, Blackstone, TD Cowen downgrades Adobe, Cowen, KeyBanc, Mizuho, Morgan Stanley, Roblox, Hershey, it's bullish, Woodward, Goldman, bullish, TD Cowen, Baird, Palantir, Dr Pepper, Disney, Parsons, Jefferies Organizations: UBS, Diageo, Crown, Dynamics, Gulfstream, Apple, JPMorgan, Brookfield Renewables, Brookfield Renewable Partners, Brookfield Renewable Corp, Morgan Stanley, Alcoa, Mobile, Nvidia, Mizuho, MU, DELL, HSBC, Hershey, UW, EW, Citi, American Airlines, Benchmark, Penske, Penske Auto Group, AWS, Adv, Energy, Deutsche Bank, Pepsi, Deutsche, Beverage, Disney, " Bank of America, Inc, Holdings, Constellation Energy, Constellation Energy Group, DoD, Federal Civilian, Emerson Electric, Jazz Pharmaceuticals Locations: Western Australia, Wells Fargo, 1H25, CRDO, Mar
☆ Bank of America double upgrades AI derivative play, sees shares jumping 60%
  + stars: | 2024-12-03 | by ( Brian Evans | ) www.cnbc.com   time to read: +1 min
Credo Technology , a maker of high-speed connectivity cables used in data infrastructure, can continue to capitalize on a growing business opportunity in the market for artificial intelligence equipment, Bank of America says . The investment bank double upgraded Credo to buy from underperform on Tuesday, and raised its price target to $80 per share from $27. CRDO YTD mountain Credo Technology shares in 2024. "[S]ignificant operating leverage could drive earnings growth much faster than sales for the next few years," Arya said. Credo shares have now surged 250% in 2024.
Persons: Vivek Arya, Arya Organizations: Technology, Bank of America, FactSet Locations: underperform
☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Citi, CVS, American Express, Amazon, Kroger & more
  + stars: | 2024-12-03 | by ( Michael Bloom | ) www.cnbc.com   time to read: +5 min
Bernstein downgrades FedEx to market perform from outperform Bernstein said it was downgrading FedEx ahead of earnings later this month due to fears about execution. "We are upgrading Citi to Outperform from Market Perform owing to its discounted valuation and the meaningful lag in its shares relative to peers since October earnings." Deutsche Bank upgrades CVS to buy from hold Deutsche says it sees "improving profitability" for CVS. BMO downgrades Kroger to market perform from outperform BMO says the grocery store stock is overvalued. Bank of America reiterates Apple as buy Bank of America says it's sticking with its buy rating Apple following data showing an increase in App Store revenue.
Persons: Wells, Bernstein, KBW, Jefferies, Morgan Stanley, CFRA, Tesla, it's, OLLI, Mgmt, Mizuho, MoffettNathanson, Moffett Organizations: Citi, Citigroup, FedEx, Deutsche Bank, CVS, Deutsche, BMO, Kroger, KR, American Express, Holdings, Bank of America, underperform Bank of America, Underperform, " Bank of America, Apple, Nvidia, Data Center, 2027E Locations: Wells Fargo, F1Q25, North America
☆ This small-cap tech stock is set to rally nearly 30%, TD Cowen says
  + stars: | 2024-06-25 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +2 min
Credo Technology has emerged to take the crown as TD Cowen's top small- and mid-cap stock pick after a red-hot start to the year. Analyst Matthew Ramsay also upped his price target for the stock to $35 from $24, implying that Credo shares could rally 28% from Monday's close. Specifically, he thinks that Credo's revenue could inflect in the second half of its fiscal year as a number of its programs begin to ramp, including some GenAI buildouts. Credo's key program ramps within its active electrical cables at Microsoft and Amazon should also play a role in pushing the company's fundamentals higher. "Overall, we see the diversification of the company's revenue base as a key de-risking of the model and should benefit the durability of revenues going forward," Ramsey said.
Persons: Matthew Ramsay, Ramsay, there's, Ramsey Organizations: Technology, Microsoft, Active Electrical Cable Locations: Monday's
☆ An under-the-radar AI beneficiary could rally more than 20% from here
  + stars: | 2023-08-25 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Growing demand for connectivity solutions as artificial intelligence adoption accelerates should benefit this lesser-known semiconductor name, according to Goldman Sachs. Analyst Toshiya Hari lifted his price target on Credo Technology to $18 from $16 a share, equal to 21% upside from Thursday's close. The higher price target at Goldman comes after AI chipmaker Nvidia 's second consecutive show-stopping quarterly report . Along with reiterating Goldman's buy rating, Hari lifted revenue and adjusted EBITDA estimates by 5% and 4% over the next two years, respectively. Bolton lifted his price target to $20 from $17 in a Friday note, equivalent to more than 34% upside from Thursday's close.
Persons: Goldman Sachs, Toshiya Hari, Goldman, Hari, Credo's, …, bode, Needham, Quinn Bolton, Bolton, — CNBC's Michael Bloom Organizations: Technology, AEC, Nvidia, Microsoft Locations: China
☆ Cable maker Credo slumps on forecast hit as top customer cuts orders
  + stars: | 2023-02-15 | by ( ) www.reuters.com   time to read: +2 min
Feb 15 (Reuters) - Credo Technology Group Holding (CRDO.O) forecast fourth-quarter revenue well below estimates on Tuesday following a cut in orders from the cable maker's largest customer, sending its shares down as much as 43% on Wednesday. The stock, which fell to $11.07, is set for its worst day since going public in January last year at an issue price of $10. According to a company filing, one of Credo's customers accounted for 44% of its revenue in the second quarter of fiscal 2023. Credo, which makes cables used in data centers, said it was expecting fourth-quarter revenue of $30 million to $32 million, below estimates of $58.3 million, according to Refinitiv data. Credo, which also designs chips, currently outsources all its semiconductor manufacturing to Taiwan Semiconductor Manufacturing Company (2330.TW).
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