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Meanwhile, Redburn Atlantic initiated coverage of DoorDash with a buy rating and a price target implying upside of more than 60%. He also notched down his price target to $29 from $32, indicating 9.4% downside potential from Thursday's close. Analyst Vivek Arya reiterated his buy rating on the Dutch-based chipmaker in a client note on Thursday. He also cut his price target to $1.25 from $6.25, which was 7 cents below Thursday's close price. DASH YTD mountain AAPL year to date — Hakyung Kim 5:33 a.m.: Raymond James raises Apple price target Raymond James is getting more bullish on Apple ahead of earnings.

Persons: Raymond James, Michael Linenberg, Linenberg, Southwest's, — Hakyung Kim, BofA, Vivek Arya, NXP, NXPI, Arya, Davidson, Alexander Perry's, Perry, Morgan Stanley, International Morgan Stanley, Nathan Feather, Feather, Hakyung Kim, James Cordwell, Cordwell, EBITDA, Srini Pajjuri, Fred Imbert Organizations: CNBC, Apple, Southwest Airlines Deutsche Bank, Southwest Airlines, Revenue, NXP, Bank of America, EV, Harley, International, WW International, DoorDash Locations: U.S, China, Thursday's, 2H24

☆ Microsoft tops Apple as world's most valuable public company
▼ + stars: | 2024-01-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Microsoft ended Friday's U.S. trading session as the most valuable publicly traded company, surpassing Apple after briefly topping the iPhone maker during intraday trading Thursday. Apple said Thursday that former Vice President Al Gore will retire from the company's board next month after serving as a director since 2003. Microsoft, meanwhile, got a vote of confidence Thursday after discussing its artificial intelligence capabilities to developers at an event in San Francisco. The analysts have the equivalent of a buy rating on Microsoft shares. Apple had been the most valuable public company for over a year, following brief periods when that distinction was held by Saudi Aramco and Microsoft.

Persons: James Cordwell, Apple, Al Gore, Piper Sandler Organizations: Microsoft, Apple, Saudi Aramco Locations: Atlantic, San Francisco

☆ Uber gets the nod to join the S&P 500. Here's where analysts see the stock going next
▼ + stars: | 2023-12-04 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts say Uber Technologies' forthcoming ticket into the S & P 500 is a positive catalyst for the stock moving forward. UBER YTD mountain Uber stock. Helfstein said in a report that Uber's entry into the S & P 500 could underpin future stock appreciation by bolstering investor sentiment. "Following the inclusion, we expect UBER to lean into growth and share buybacks, which should increase investor sentiment for growth/return in 2024," Helfstein wrote. "We believe that Uber will transition from 'nice to own' by investors to an 'allocation consideration' now that it is included in the S & P 500."

Persons: Dow, Oppenheimer, Jason Helfstein, Helfstein, William Blair, Ralph Schackart, James Cordwell, Cordwell, CNBC's Michael Bloom Organizations: Technologies, Dow Jones, Sealed Air Corp, –

☆ Here's what analysts say to do with Apple stock from here on out
▼ + stars: | 2023-11-03 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Apple continues to appease investors who are planning on holding the stock for the long term. The stock fell as much as 2.4% intraday Friday, one day after Apple's September quarter earnings showed a decline in total sales for a fourth straight quarter. Here's what analysts have to say about the outlook for Apple: Morgan Stanley Morgan Stanley remains "guarded" on Apple. The firm likes Apple's iPhone and Services revenues, tight discipline on operating expenses, its revenue growth catalysts and upside to earnings. The firm, which also kept its $225 price target, said it thinks Apple's December quarter results could be "largely uneventful."

Persons: Apple —, Apple, Morgan Stanley Morgan Stanley, Erik Woodring, Woodring, Morgan Stanley, Goldman Sachs Goldman Sachs, Goldman, Tim Long, Long, headwinds, James Cordwell, Wells Organizations: Apple, Barclays, Google TAC, JPMorgan JPMorgan Locations: Wells Fargo Wells, Wells Fargo

July 25 (Reuters) - Artificial intelligence is expected to pay off big for tech giants including Microsoft (MSFT.O) and Alphabet (GOOGL.O) someday. Microsoft is bearing AI costs in two ways, analysts said: to power its own products such as its forthcoming $30-a-month Copilot AI assistant, and to serve companies wanting to use its Azure cloud computing services to create AI products. "They're buying a bunch of H100s," said Ben Bajarin, chief executive and principal analyst of Creative Strategies, referring to Nvidia's flagship chips for AI. Microsoft may be "aggressively buying Nvidia chips, given Microsoft does not have its own silicon as an alternative," said Atlantic Equities analyst James Cordwell. "The message on inflection point was the same," from Microsoft and Google, said Gene Munster, managing partner at Deepwater Asset Management, "but the difference was Microsoft investors wanted to see more."

Persons: Ben Bajarin, Ruth Porat, Scott Kessler, James Cordwell, Porat, Gene Munster, Stephen Nellis, Akash Sriram, Anna Tong, Max Cherney, Yuvraj Malik, Greg Bensinger, Sayantani Ghosh, Richard Chang Organizations: Microsoft, Nvidia Corp, Creative, Google, Deepwater Asset Management, Thomson Locations: Atlantic, San Francisco, Bengaluru, New York

☆ Facebook's ad rebound gives Meta CEO Mark Zuckerberg freedom to pursue far-out bets
▼ + stars: | 2023-07-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +4 min

While Snap's revenue dropped 4% in the second quarter, Meta is solidly growing again, driven by Facebook's ad business. Neither Zuckerberg nor Spiegel have plans to cut back on spending money on experimental projects. Meta is burning billions of dollars a quarter on the futuristic metaverse , and Snap is pouring cash into augmented reality products and services. Meta CEO Mark Zuckerberg is once again a fan favorite on Wall Street. And while Meta has seemingly fixed most of its ad problems, Snap is still struggling.

Persons: Mark Zuckerberg, Zuckerberg, Spiegel, Evan Spiegel, Susan Li, Li, —, Snap's, Meta, James Cordwell, Cordwell Organizations: Meta, Labs, Apple, Google, Facebook, Atlantic Locations: San Jose , California, U.S, Ukraine

☆ Microsoft's latest A.I. subscription is boosting Wall Street's confidence in the software giant
▼ + stars: | 2023-07-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Analysts are turning more bullish on Microsoft and its artificial intelligence capabilities after the software giant revealed pricing for its A.I. Shares closed at a record Tuesday after Microsoft revealed a $30 fee for its monthly Copilot offering, which adds AI capabilities to Microsoft 365. The announcements led to a handful of Wall Street price target adjustments, as the company solidifies its dominance in the latest technology revolution consuming the investing community. The analyst has an overweight rating on the stock and raised his price target to $385 per share from $350. The analyst hiked his price target to $400 from $330.

Persons: chatbot, Microsoft's, Amy Hood, Mark Murphy, James, Brad Sills, Sills, Brad Zelnick, — CNBC's Michael Bloom Organizations: Microsoft, Meta, Bank of America Locations: ChatGPT

☆ Apple's Vision Pro an impressive headset with few likely buyers, analysts say
▼ + stars: | 2023-06-06 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

June 6 (Reuters) - Analysts lauded Apple's (AAPL.O) Vision Pro on Tuesday for its impressive technology, but warned that it will be a few years before the $3,499 augmented reality headset sees widespread adoption. That vision, analysts said, could take some time to materialize because the high price tag will likely dissuade most buyers and the product does not have any clear use beyond entertainment in a still nascent augmented reality (AR) market. "Apple proved they have a vision for the role AR technology could play for consumers ... and Vision Pro looked sleek/differentiated versus incumbents and performed with clear potential," Morgan Stanley analysts said. "However, the Vision Pro is not ready for mass consumption," they added, pointing to a bulky external battery pack and the lack of a "killer app", among other issues. The uncertainty regarding Vision Pro sales also drove a wide range of predictions on its expected shipments once the device goes on sale next year.

Persons: Tim Cook, Apple, Morgan Stanley, Harmeet Singh Walia, Walia, Christine Wang, James Cordwell, Aditya Soni, Shounak Dasgupta Organizations: Apple Watch, Vision, Meta, Apple, Facebook, Counterpoint Research, Vision Pro, KGI Securities, Credit Suisse, Thomson

☆ Amazon's cloud warning rattles investors
▼ + stars: | 2023-04-28 | by ( Aditya Soni | ) www.reuters.com time to read: +2 min

April 28 (Reuters) - Growth in Amazon.com Inc's (AMZN.O) lucrative cloud business is slowing and investors are worried. Shares fell 4% on Friday as Amazon's cloud business slowed in April after posting its weakest quarterly growth since the company began breaking out the unit's sales in 2015. The results are in contrast to those of Microsoft Corp's (MSFT.O) Azure cloud business, which grew at 27%. Still, analysts were largely upbeat about Amazon's cloud prospects, with about 17 raising their price targets on the stock, compared with the 10 that lowered their view. "Amazon is the clear market share leader in cloud computing and they will remain that way," Sundaram said.

"At this point, we are no longer behind in building out our AI infrastructure," Zuckerberg said on a conference call. AI recommendations increased time spent on Instagram by 24% in the January-March quarter, Meta said. Reuters GraphicsCOST CONTROLSpending on the AI retooling has spiked the company's capital expenditures, which came in slightly under expectations at $7.1 billion for the quarter. "We've been focusing on both AI and the metaverse for years now, and we will continue to focus on both." Revenue for the first quarter rose 3% to $28.65 billion, beating an average estimate of $27.66 billion.

☆ Alphabet falls on report Samsung considering Bing as default search engine
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +2 min

April 17 (Reuters) - Alphabet Inc (GOOGL.O) shares fell over 4% in premarket trading on Monday after a report that South Korea's Samsung Electronics (005930.KS) was considering replacing Google with Microsoft-owned (MSFT.O) Bing as the default search engine on its devices. Google's reaction to the threat was "panic" as the company earns an estimated $3 billion in annual revenue from the Samsung contract, the report said, citing internal messages. Another $20 billion is tied to a similar Apple (AAPL.O) contract that will be up for renewal this year, the report added. Cordwell added the potential costs tied to making Google Search more competitive than AI-powered Bing could also be a cause of concern. The NYT report said Google was racing to build an all-new AI-powered search engine that would offer a more personalized experience than its current service, which is also set to be upgraded with AI features.

☆ Tech trillion club's wobble in four charts
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

The tech industry has already laid off thousands of employees in an effort to cut costs as it braces for an impending slowdown. Reuters GraphicsDIGITAL ADVERTISING SLUMPThe parent company of digital advertising giant Google also missed earnings expectations as businesses dialed back spending on fears of a possible recession. "If a dominant ad player like Google can get hit like this, it is now officially a tough ad market," said Rosenblatt Securities analyst Barton Crockett. Reuters GraphicsPOST-EARNINGS STOCK REACTIONShares of the three companies - all of which have market valuations of more than a trillion dollars - were trading between -4.9% and 1.5%. Here is how the stocks have reacted after every quarterly earnings report in 2022:Reuters GraphicsReporting by Akash Sriram, Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

Alphabet Inc (GOOGL.O), which has the smallest cloud business among the three, said Google Cloud grew 32%, the slowest rise since the company began reporting the measure in 2019. "Once thought as the most defensive revenue stream in tech, we are seeing investors questioning the cyclicality for the (cloud) business," analysts at Bernstein said. Microsoft's revenue in its so-called intelligent cloud business that includes Azure rose 18% to beat expectations for October to December. Amazon finance chief Brian Olsavsky said on Thursday that the company expects slower cloud growth rates for the next few quarters. "Those (AI) advancements and demand for related cloud services will take time to materialize.

☆ Meta's short video Reels may finally be ready to challenge TikTok, analysts say
▼ + stars: | 2023-02-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Improving Reels engagement is boosting analysts' confidence in the short-form video platform's ability to compete with TikTok. META 1D mountain Meta Platforms shares surged more than 28% Thursday, on pace for their best day since 2013. Looking ahead, some analysts believe that Reels plays a dominant role in improving Facebook's efficiency. Easing TikTok tensions As for TikTok, some analysts say Reels is in position to overtake the short-form video leader that finds itself under increasing pressure as calls for a nationwide bans grow. JPMorgan analyst Doug Anmuth views improving Reels engagement trends and artificial intelligence investments as a way to temper threats from TikTok.

☆ Investors dump Lyft on signs Uber is snatching market share
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

[1/2] A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, U.S., May 13, 2020. REUTERS/Mike BlakeNov 8 (Reuters) - Lyft Inc (LYFT.O) shares sank 20% on Tuesday on signs that competition from bigger rival Uber (UBER.N) was stalling user growth and eating into the market share of the ride-hailing firm. When rideshare ground to a halt during lockdowns, long-time market leader Uber's delivery business had given it an edge over pureplay Lyft. read more"While we think Lyft will remain the second-largest ridehailing platform in the U.S., we are now assuming Uber will slightly increase its market share over Lyft during the next few years," Morningstar analyst Ali Mogharabi said. Lyft lost market share to Uber in the third quarter, disappointing investorsHowever, a cost-cutting drive should help ease some of the pressure and help boost Lyft's profitability, according to Daiwa Capital Markets analyst Jairam Nathan.

☆ China is an 'attractive market' with 'inexpensive' stocks after big drops, fund manager says giving 3 picks
▼ + stars: | 2022-10-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

"China, in particular, is an attractive market [when stocks are] under 10 times earnings," Arcese said when speaking to CNBC "Pro Talks." The average price target of 291 Hong Kong dollars ($37.1) means analysts expect the stock to rise by 105% over the next 12 months. Alibaba, JD's competitor and one of the largest companies in China, is buy-rated by 45 out of 47 analysts surveyed by FactSet. The median price target at 135 HKD signifies a 119% upside potential. On average, analysts have a 397 HKD price target on the stock equating to a 92% upside.

☆ Atlantic Equities downgrades Meta on concerns of shrinking revenue growth, rising costs
▼ + stars: | 2022-10-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Cordwell said Meta will see about 11% growth in digital advertising excluding ad-search compared to topping 20% in previous years. That marks a turn from growth in market share before the pandemic and holding steady during it. Cordwell said growth in Instagram Reels is a reason for optimism, but that does not outweigh competitive pressure in other areas. Meanwhile, Meta is struggling to limit costs that will weigh on the bottom line more substantially as revenue growth slows, Cordwell said. "Our revised $160 YE23 PT requires a 14x FY24 PE, a ~10% discount to the market," Cordwell said.

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