BOJ hike, Fed meeting, Nvidia conference, Bitcoin - what's moving markets

Evercore ISI Dissects DOJ Lawsuit Against Apple (AAPL): 'more of a headline risk than a financial risk'

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "The DOJ has filed its long telegraphed suit against Apple and it will doubtless be a long process that will produce negative headlines, but we think Apple will prevail in the end. The DOJ has been aggressive in pursuing anti-trust suits against big tech though with limited success. Structurally, we think a core challenge is perhaps that current anti-trust... More

Paying today's premium multiple for Microsoft (MSFT) is 'worth the price' - KeyBanc

In a note Thursday, KeyBanc Capital Markets initiated Microsoft (NASDAQ: MSFT) with an Overweight rating and a $490 per share price target.

The firm launched coverage of the enterprise and front-office software sector. It said it likes large-cap and early AI leaders and sees smaller caps as a bit out of favor.

For... More

Boeing (BA) PT Lowered to $210 at BofA Securities

BofA Securities analyst Ronald Epstein lowered the price target on Boeing (NYSE: BA) to $210.00 (from $225.00) while maintaining a Neutral rating.

The analyst comments "Despite being in a strong civil aviation market, we think Boeings shares are likely range bound for the time being... More

Barclays Comments on Boeing (BA) MAX Deliveries

Barclays analyst David Strauss reiterated an Equalweight rating and $235.00 price target on Boeing (NYSE: BA)

The analyst comments "MAX deliveries consist of a mix of aircraft that were produced prior to the grounding being lifted in late 2020 (storage) along with aircraft that have been produced since then... More

Boeing (BA) PT Lowered to $240 at Deutsche Bank

Deutsche Bank analyst Scott Deuschle lowered the price target on Boeing (NYSE: BA) to $240.00 (from $285.00) while maintaining a Buy rating.

The analyst comments "We are materially cutting our 2024-2027 EBIT, EPS, and FCF estimates. Changes to our model are summarized in the table... 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

Jefferies Reiterates Buy Rating on Boeing (BA), 'MAX Push to FCF and Margins'

Jefferies analyst Shelia Kahyaoglu reiterated a Buy rating and $300.00 price target on Boeing (NYSE: BA).

The analyst comments "We revisit 2024 FCF and delivery ests w/ BA guiding to a $4.0-4.5BB cash outflow ($2BB downside surprise) in Q1 and low $BBs... More

Boeing (BA) PT Lowered to $225 at RBC Capital, 'impact less than feared'

RBC Capital analyst Ken Herbert lowered the price target on Boeing (NYSE: BA) to $225.00 (from $260.00) while maintaining a Outperform rating.

The analyst comments "Boeing (BA) provided a significant update to its 2024 and 2025/2026 outlook at an investor conference today. For 2024, BA... More

Vertical Research Partners on Boeing (BA): 'myriad of problems'

Vertical Research Partners analyst Robert Stallard reiterated a Hold rating and $230.00 price target on Boeing (NYSE: BA).

The analyst comments "The first step towards fixing a problem is acknowledging that it exists. Boeings cut to its free cash flow guidance is an... More

Stifel Out Positive on Boeing (BA): 'We believe Boeing is on track to see build rates improve'

Stifel analyst Bert W. Subin reiterated a Buy rating and $270.00 price target on Boeing (NYSE: BA).

The analyst comments "This morning, Boeing's CFO made comments at a competitor conference that indicated -$4-4.5B of FCF in 1Q, some of which will not be made up for the year. This... 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 $1,030 at Citi

Citi analyst Atif Malik raised the price target on NVIDIA (NASDAQ: NVDA) to $1,030.00 (from $820.00) while maintaining a Buy rating.

The analyst comments "We came away from the first two days of GTC more positive in NVIDIAs ability to vertically integrate its computing,... 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

Boeing (BA) reportedly weighing the sale of at least two defense businesses - Bloomberg

Boeing (NYSE: BA) is weighing up the possibility of selling at least two of its defense businesses, according to a report by Bloomberg on Tuesday.

The potential move would bolster the aircraft manufacturer's balance sheet as it struggles through its biggest crisis in... 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