Fed meeting, Apple/Google partnership, Nvidia - what's moving markets

FedEx (FDX) PT Lowered to $290 at Stifel, 'Need to See Clear Indications of Express Rightsizing - F3Q24 Earnings Preview'

Stifel analyst J. Bruce Chan lowered the price target on FedEx (NYSE: FDX) to $290.00 (from $305.00) while maintaining a Buy rating.

The analyst comments "FedEx is scheduled to release F3Q24 earnings after the market close on Thursday, March 21st and will... More

BofA Review NVIDIA (NVDA) GTC, 'AI dominance continues in training + inference'

BofA Securities analyst Vivek Arya reiterated a Buy rating and $1,100.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Maintain Buy, $1100 PO and top compute pick following financial analyst Q&A session at GTC 2024 (see our initial GTC takeaways report). Overall,... More

NVIDIA (NVDA) PT Raised to $950 at Argus

Argus analyst Jim Kelleher raised the price target on NVIDIA (NASDAQ: NVDA) to $950.00 (from $850.00) while maintaining a Buy rating.

The analyst comments "In summary, Nvidia continues to develop ever more powerful generative AI tools and is now powering trillion-parameter multi-mode models. New... More

NVIDIA (NVDA) PT Raised to $850 at Deutsche Bank, Remains Sidelined

Deutsche Bank analyst Ross Seymore raised the price target on NVIDIA (NASDAQ: NVDA) to $850.00 (from $720.00) while maintaining a Hold rating.

The analyst comments "At this years GTC, NVDA reinforced its reputation as the top enabler of AI innovation, with its influence both broad (end customers span applications from 6G to drug discovery to robots/cobots) and deep (NVDA products increasingly addressing the vertical... More

8 thoughts on Gemini talks between Apple and Google

Analysts at Bernstein provided their thoughts on the reported talks between Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOGL) regarding the licensing of Google Gemini to power new artificial intelligence software features for the iPhone.

The firm is not surprised Apple is looking to potentially partner with Google on AI capabilities. "Going it alone or with another partner would risk a highly profitable and proven revenue stream with Google today," said the firm, which feels that although Apple... More

Micron Technology (MU) PT Raised to $110 at CFRA

CFRA analyst Angelo Zino raised the price target on Micron Technology (NASDAQ: MU) to $110.00 (from $94.00) while maintaining a Buy rating.

The analyst comments "We boost our 12-month target to $110 from $94, on a P/E of 12.6x our CY 25 EPS view, near MU's long-term... More

CFRA Comments on NVIDIA (NVDA) Conference

CFRA analyst Angelo Zino reiterated a Buy rating and $1,000.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "
We took away three important messages from Jensen Huang's GTC keynote. First, hardware revenue has more upside, as NVDA's Blackwell GPU (B200) will command higher... More

Stifel on Micron Technology (MU) Ahead of Earnings Tomorrow: 'Regaining profitability just an intermediate stepping stone'

Stifel analyst Brian Chin reiterated a Buy rating and $120.00 price target on Micron Technology (NASDAQ: MU).

The analyst comments "Micron reports F2Q(Feb) earnings this Wednesday (after the close). We expect the company to report a narrower loss en route to... More

NVIDIA (NVDA) PT Raised to $1,000 at Goldman Sachs, 'we come away from the keynote with a renewed appreciation'

Goldman Sachs analyst Toshiya Hari raised the price target on NVIDIA (NASDAQ: NVDA) to $1,000.00 (from $875.00) while maintaining a Conviction Buy rating.

The analyst comments "On March 18, we attended a keynote by Nvidia's Founder and CEO, Jensen Huang, at GTC 2024. In a sold-out SAP Center in San Jose, CA, Mr.... More

Micron Technology (MU) PT Raised to $115 at Baird, 'DRAM Supply/Demand Could Return to Equilibrium by C4Q'

Baird analyst Tristan Gerra raised the price target on Micron Technology (NASDAQ: MU) to $115.00 (from $78.00) while maintaining a Neutral rating.

The analyst comments "Raising our estimates and price target on strong pricing momentum. DRAM sufficiency should reach a trough in June and... More

META vs. GOOGL stock: Analyst explains which one you should own

Wells Fargo analysts assessed the digital advertising sector in a note to clients Monday, providing their thoughts on whether Meta Platforms (NASDAQ: META) or Alphabet (NASDAQ: GOOGL) owned Google's stock is preferred.

The firm noted a divergence in digital ad market share, with Meta regaining lost share and Google search losing share to retail media.

"[We] expect Meta mkt share recovery in '24... More

Rosenblatt on Micron Technology (MU): 'We expect Micron to deliver a beat and raise', 'remains our top cyclical pick'

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and $140.00 price target on Micron Technology (NASDAQ: MU).

The analyst comments "We expect Micron to deliver a beat and raise on Wednesday, March 20th, on continued AI-driven segment demand, a bottoming in the broader markets (recovery... More

Micron Technology (MU) PT Raised to $120 at Cantor Fitzgerald

Cantor Fitzgerald analyst C.J. Muse raised the price target on Micron Technology (NASDAQ: MU) to $120.00 (from $100.00) while maintaining a Overweight rating.

The analyst comments "We look for a solid beat and raise from Micron this earnings report. The good news: look for mgmt to continue to signal expectations for Supply/ Demand trends to continue to tighten... More