Truist maintains buy rating on Activision Blizzard (ATVI) after UK CMA blocks Microsoft deal
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Raymond James Said to Defend Activision Blizzard (ATVI)
April 26, 2023 10:27 AM EDTRaymond James Said to Defend Activision Blizzard (NASDAQ: ATVI)
"We would be buyers of ATVI on the pullback"... MoreDatadog, Snowflake surge higher
April 26, 2023 9:43 AM EDTCloud stocks see strong upside following results from Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL):
Datadog, Inc. (NASDAQ: DDOG) +12.8%Snowflake (NYSE: SNOW) +7.8%Earlier, an analyst at Truist said DDOG earnings are "re-risked"... MoreEvercore ISI Stays Outperform on Microsoft (MSFT): 'this announcement should not distract from the broader narrative around cloud/AI'
April 26, 2023 9:26 AM EDTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $337.00 price target on Microsoft (NASDAQ: MSFT).
The analyst comments "In a somewhat surprising move after a lot of back/forth between the two parties, the CMA denied Microsofts acquisition of Activision based on concerns about the downstream implications on the cloud gaming market. There are a lot of potential long-term implications for tech M&A that are worth discussing at another time, but the bottom line as it relates to MSFT/ATVI is that the process from here... More
Activision (ATVI) will trade in a range of $65-$101 on a stand-alone basis - Oppenheimer
April 26, 2023 9:18 AM EDTOppenheimer analyst Martin Yang on UK's decision to block the Microsoft-Activision deal: "We take this opportunity to update our view on ATVI's stand-alone value. We conclude that ATVI will trade in a range of $65-$101 on a stand-alone basis with different sets of multiple assumptions and 2024 EPS estimates. After... More
Microsoft (MSFT) stock earns 2 upgrades as FQ3 report highlights AI potential
April 26, 2023 9:15 AM EDTMicrosoft (NASDAQ: MSFT) shares trade nearly 8% higher in pre-market Wednesday after the company delivered better-than-expected earnings for its third fiscal quarter.
Moreover, at least two Street analysts raised their recommendation on MSFT stock, citing a massive artificial intelligence (AI) opportunity that lies in front of the... More
NVIDIA (NVDA) gains as Microsoft and Google to increase capex due to AI
April 26, 2023 9:01 AM EDTNVIDIA (NASDAQ: NVDA) gains 2.4% in early trading with traders pointing to bullish comments from Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOGL) on capex plans for AI investments.
On its... MoreVMware (VMW) falls on deal worries as UK moves to block Microsoft's takeover of Activision
April 26, 2023 8:51 AM EDTVMware (NYSE: VMW) falls 2.5% in pre-open trading after the UK moved to block Microsoft's (NASDAQ: MSFT) $70 billion takeover of Activision Blizzard (NASDAQ: ATVI). This has traders concerned the UK will also... More
