Nvidia, Microsoft, Alphabet, Splunk rise premarket; Boeing, Dollar Tree fall
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- Wall St futures tick higher as oil retreats ahead of inflation data
- Oil falls on weaker demand outlook and higher US stocks
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
- Birkenstock surges on revenue beat, higher full-year outlook
- After-Hours Movers: CSCO, COHR, HLIT, CBRS, STUB, ENS
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This tech giant's AI counteroffensive is taking place says Baird analyst
August 25, 2023 2:28 PM EDTAccording to Barid, the AI counteroffensive from tech powerhouse Google (Alphabet (NASDAQ: GOOGL)) is taking shape, and the firm is keeping an eye on two key Google AI developments.
Analyst Colin Sebastian, who has an Outperform rating and $140 price target on GOOGL shares, told investors Friday that Gemini LLM could "level the playing field with OpenAI" or even surpass it, while the "next-generation... More
Dollar Tree (DLTR) PT Lowered to $155 at Guggenheim
August 25, 2023 7:13 AM EDTGuggenheim analyst John Heinbockel lowered the price target on Dollar Tree (NASDAQ: DLTR) to $155.00 (from $165.00) while maintaining a Buy rating.
The analyst commented, "Somewhat surprisingly, merely in-line 2Q operating results and re-affirmed 2023 EPS guidance was met with a 13% sell-off, far... More
NVIDIA (NVDA) PT Raised to $600 at CFRA, 'we see FCF growth at +$23B in FY 24'
August 24, 2023 10:10 AM EDTCFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $500.00) while maintaining a Buy rating.
The analyst comments "We increase our 12-month target to $600 from $500, on P/E of 32.6x our CY 25 EPS view, above peers but below... More
Kenvue (KVUE) has a 'compelling relative valuation with approaching catalyst' - Goldman Sachs
August 24, 2023 9:27 AM EDTKenvue (NYSE: KVUE) was raised to Buy from Neutral at Goldman Sachs on Thursday, with analyst Jason English maintaining a $29 price target on the stock.
The analyst told investors that a valuation window has opened ahead of a potential share inflection catalyst.... More
Former XPeng (XPEV) autonomous driving head joins Nvidia (NVDA)
August 24, 2023 8:24 AM EDTWu Xinhou, the former vice president of autonomous driving at Xpeng (NYSE: XPEV), announced Thursday that he is joining U.S. artificial intelligence giant Nvidia (NASDAQ: NVDA).
Although Wu didn't provide specific details about his new position at Nvidia,... More
