US stock futures tread water with top tech earnings on tap
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AT&T (T) PT Raised to $18 at RBC Capital
April 25, 2024 6:38 AM EDTRBC Capital analyst Jon Atkin raised the price target on AT&T (NYSE: T) to $18.00 (from $17.00) while maintaining a Sector Perform rating.
The analyst comments "1Q revenue was just shy of consensus (on a shortfall in wireless equipment revenues), while EBITDA... More
Meta Platforms Inc. (META) PT Raised to $562 at Rosenblatt, 'Squishy-ish guidance'
April 25, 2024 6:31 AM EDTRosenblatt analyst Barton Crockett raised the price target on Meta Platforms Inc. (NASDAQ: META) to $562.00 (from $520.00) while maintaining a Buy rating.
The analyst comments "Squishy-ish guidance -- The revenue growth outlook for 2Q24 -- up 14% to 22% Y/Y -- is strong, but decelerating, reflective of comps that get 8 percentage points tougher Q/Q, and also of a 3 percentage point tougher foreign exchange backdrop and the lack of 1Q24's... More
Meta Platforms Inc. (META) PT Lowered to $570 at RBC Capital
April 25, 2024 4:45 AM EDTRBC Capital analyst Brad Erickson lowered the price target on Meta Platforms Inc. (NASDAQ: META) to $570.00 (from $600.00) while maintaining a Outperform rating.
The analyst comments "META's Q1 was solid in terms of top-line/ad demand trends - the issue is an accelerated, multi-year AI... More
Evercore ISI Comments on IBM (IBM) Earnings
April 24, 2024 4:52 PM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $215.00 price target on IBM (NYSE: IBM).
The analyst comments "We think the print is fairly strong specially the software inflection. Questions will be around Consulting deceleration here (~2% in march-qtr vs. 5% in Dec-qtr). In... More
Evercore ISI Believes Meta Platforms Inc. (META) is Down Due to High Expectations into the Print
April 24, 2024 4:51 PM EDTEvercore ISI analyst Mark Mahaney reiterated an Outperform rating and $550.00 price target on Meta Platforms Inc. (NASDAQ: META).
The analyst comments "Quick Look At Q1 Results: META printed a Beat & Bracket quarter, with Revenue up 27% Y/Y (both reported basis and ex-FX), 1% above the Street, Op Income (implying 37.9% margin) 4% above the Street, and EPS at... More
Analysts preview Alphabet (GOOGL) EPS
April 24, 2024 2:30 PM EDTAlphabet (NASDAQ: GOOGL) is set to report its latest quarterly earnings on Thursday, April 25. Ahead of the release, analysts at both Bernstein and Jefferies provided their thoughts on the stock.
Bernstein said in its note that while folks have been warming up to Google over the past month, longer-term... More
NVIDIA (NVDA) to acquire AI platform Run:AI
April 24, 2024 9:58 AM EDTNVIDIA (NASDAQ: NVDA) announced Wednesday that it has agreed on a deal to acquire Run:ai, a Kubernetes-based workload management and orchestration software provider.
While the finances of the deal were not provided by Nvidia in its blog post, earlier reports stated the... More
JPMorgan on Tesla (TSLA): 'See Risk of Further Negative Earnings Revisions'
April 24, 2024 9:05 AM EDTJPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $115.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "We see the risk of further negative earnings revisions and continued multiple compression after 1Q24 results tracked softer even than estimates that had recently been... More
Visa (V) PT Raised to $300 at Macquarie
April 24, 2024 8:55 AM EDTMacquarie analyst Paul Golding raised the price target on Visa (NYSE: V) to $300.00 (from $290.00) while maintaining a Outperform rating.
The analyst comments "Beats across key metrics, thanks to stability of US consumers. We extrapolate the resilience of higher income consumers driving... More
GE Aerospace (GE) PT Raised to $180 at Argus
April 24, 2024 8:22 AM EDTArgus analyst John Eade raised the price target on GE Aerospace (NYSE: GE) to $180.00 (from $170.00) while maintaining a Buy rating.
The analyst comments "Our rating on GE Aerospace (NYSE: GE) is BUY. Now led by former Danaher CEO Lawrence... More
Microsoft's (MSFT) next-quarter guidance may be 'prudent' - Jefferies
April 24, 2024 7:53 AM EDTIn a note Wednesday, analysts at Jefferies told investors that they expect Microsoft's (NASDAQ: MSFT) F4Q guide to be "prudent." Microsoft will post its latest quarterly earnings on Thursday, April 25.
The investment firm, which has a Buy rating and $550 price... More
Roth/MKM Reiterates $85 PT on Tesla (TSLA), Issues Negative/Cautious Comments on 'Stretched' Valuation
April 24, 2024 6:38 AM EDTRoth/MKM analyst Craig Irwin reiterated a Neutral rating and $85.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Tesla posted a 1Q24 miss and pulled forward a low-cost vehicle launching before 2H25 to be based on existing vehicle platforms. RoboTaxi unveiled... More
Visa (V) PT Raised to $315 at RBC Capital
April 24, 2024 6:32 AM EDTRBC Capital analyst Daniel Perlin raised the price target on Visa (NYSE: V) to $315.00 (from $309.00) while maintaining a Outperform rating.
The analyst comments "Despite all the various moving parts in the quarter (bad weather, leap year, and timing of Easter), F2Q24 results... More
Tesla (TSLA) PT Lowered to $293 at RBC Capital
April 24, 2024 6:32 AM EDTRBC Capital analyst Tom Narayan lowered the price target on Tesla (NASDAQ: TSLA) to $293.00 (from $294.00) while maintaining a Outperform rating.
The analyst comments "With "Model 2" not only back on track, but accelerated, fears of ''no growth for years'' have... More
GE Aerospace (GE) PT Raised to $175 at RBC Capital
April 24, 2024 6:27 AM EDTRBC Capital analyst Ken Herbert raised the price target on GE Aerospace (NYSE: GE) to $175.00 (from $165.00) while maintaining a Outperform rating.
The analyst comments "GE reported its last quarter as a combined entity with adj. EPS of $0.82 as the combined results of... More
Morgan Stanley Re-explains it's $310 Price Target on Tesla (TSLA)
April 24, 2024 6:18 AM EDTMorgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Our PT of $310 is comprised of 6 components: (1) $67/share for core Tesla Auto business on 6.1mm units in 2030, 9.0% WACC, 13x 2030 exit EBITDA multiple, exit EBITDA... More
Visa (V) PT Raised to $321 at Citi, 'Remains a Top FinTech Call'
April 24, 2024 5:59 AM EDTCiti analyst Ashwin Shirvaikar raised the price target on Visa (NYSE: V) to $321.00 (from $314.00) while maintaining a Buy rating.
The analyst comments "Visas Mar-24 quarter results featured a top- and bottom-line beat. While the reiterated FY24 outlook implies lower F2H revenues, a... More
It's too soon to rotate out of AI winners - JPMorgan
April 23, 2024 8:26 AM EDTAnalysts at JPMorgan believe it is too soon to rotate out of artificial intelligence stocks, despite the recent concerns.
Shares of tech companies dipped recently due to concerns around the potential air pocket in the AI infrastructure build out. As a result, there was a steep sell off for AI levered companies in JPMorgan's... More
PepsiCo (PEP) tops earnings, revenue expectations in Q1
April 23, 2024 6:17 AM EDTPepsiCo (NASDAQ: PEP) reported a modest decline in stock price premarket Tuesday, down 0.5%, even after announcing first-quarter earnings and revenue that surpassed analyst expectations. The company posted adjusted earnings per share (EPS) of $1.61, which was $0.09 higher than the analyst estimate of $1.52. Revenue for the quarter was reported at $18.25 billion, exceeding the consensus estimate of $18.1 billion.
The company's performance was particularly bolstered by its international business, which saw... More
IBM (IBM) PT Lowered to $210 at Jefferies
April 23, 2024 5:34 AM EDTJefferies analyst Brent Thill lowered the price target on IBM (NYSE: IBM) to $210.00 (from $215.00) while maintaining a Hold rating.
The analyst comments "IBM remains a show me story as the company looks to reposition itself around a software-led strategy. We like the... More
