Midday movers: Microsoft, Xpeng rise; Palo Alto, Keysight fall
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StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
RBC Capital Positive on Microsoft (MSFT)
May 23, 2024 2:01 PM EDTRBC Capital analyst Kash Rangan reiterated an Outperform rating and $500.00 price target on Microsoft (NASDAQ: MSFT)
The analyst comments "We went in-person to Microsoft Build, the annual flagship event for developers, where we listened to keynotes and breakout sessions, as well as gathered feedback from customers. We came away incrementally positive on Microsoft's commitment to maintaining AI leadership across multiple software categories. Taking Microsoft Fabric seriously. After keynotes, breakout sessions, and customer conversations, we believe Fabric can be a disruptive force in data analytics. Fabric is off to a good start with... More
NVIDIA (NVDA) PT Raised to $1,100 at Argus
May 23, 2024 7:26 AM EDTArgus analyst Jim Kelleher raised the price target on NVIDIA (NASDAQ: NVDA) to $1,100.00 (from $950.00) while maintaining a Buy rating.
The analyst comments "Reaffirming BUY and raising target price to $1,100. Nvidia meaningfully exceeded aggressive consensus estimates for fiscal 1Q25, with revenue blowing by the... More
NVIDIA (NVDA) PT Raised to $1,400 at Cantor Fitzgerald
May 23, 2024 6:37 AM EDTCantor Fitzgerald analyst C.J. Muse raised the price target on NVIDIA (NASDAQ: NVDA) to $1,400.00 (from $1,200.00) while maintaining a Overweight rating.
The analyst comments "The midnight train of NVIDIA continues to execute to perfection and unlike that small town girl and city boy, Jensen knows exactly where he is going. The next industrial revolution has begun with companies and countries partnering with NVDA to accelerate compute in AI factories and deliver Artificial Intelligence. And aided by a world-class technology platform approach enabled by both hardware and software, coupled with annual cadence of technological improvements... More
HSBC Reiterates Buy Rating on NVIDIA (NVDA)
May 23, 2024 6:09 AM EDTHSBC analyst Frank Lee reiterated a Buy rating and $1,350.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "NVIDIA's 1Q25 (Jan YE) sales of USD26bn beat consensus of USD24.7bn but were in-line with our estimate of USD26bn, along with... More
Goldman Sachs Reiterates Buy Rating on Microsoft (MSFT)
May 23, 2024 5:43 AM EDTGoldman Sachs analyst Kash Rangan reiterated a Buy rating and $515.00 price target on Microsoft (NASDAQ: MSFT).
The analyst comments "Coming out of Microsoft Build, we continue to see Microsoft paving the path for democratized Gen-AI adoption as it builds out the ecosystem with innovations in all layers of the tech-stack. Given Microsofts prevalent offerings... More
NVIDIA (NVDA) PT Raised to $1,200 at UBS
May 23, 2024 5:37 AM EDTUBS analyst Timothy Arcuri raised the price target on NVIDIA (NASDAQ: NVDA) to $1,200.00 (from $1,150.00) while maintaining a Buy rating.
The analyst comments "Results + guidance were well ahead of Street but were both as we previewed and met investor bogeys. More than the numbers though, several other factors skew the debate in a positive direction. 1) mgmt is subtly extending revenue visibility farther into the future with commentary that demand... More
NVIDIA (NVDA) PT Raised to $1,250 at Wolfe Research
May 23, 2024 5:29 AM EDTWolfe Research analyst Chris Caso raised the price target on NVIDIA (NASDAQ: NVDA) to $1,250.00 (from $1,200.00) while maintaining a Outperform rating.
The analyst comments "NVDAs report came in as we had expected, a strong report with ~5% upside to JulQ revenue guidance vs.... More
NVIDIA (NVDA) PT Raised to $1,320 at BofA Securities
May 23, 2024 5:20 AM EDTBofA Securities analyst Vivek Arya raised the price target on NVIDIA (NASDAQ: NVDA) to $1,320.00 (from $1,100.00) while maintaining a Buy rating.
The analyst comments "Reiterate Buy, top sector pick on NVDAs unparalleled combination of: 1) turnkey system design that we think can sustain 80%+... More
NVIDIA (NVDA) PT Raised to $1,000 at Deutsche Bank
May 23, 2024 5:12 AM EDTDeutsche Bank analyst Ross Seymore raised the price target on NVIDIA (NASDAQ: NVDA) to $1,000.00 (from $850.00) while maintaining a Hold rating.
The analyst comments "One year after one of the most stunning beats/raises in market history, NVDA delivered another now-trademark multi-billion... More
NVIDIA (NVDA) PT Raised to $900 at DA Davidson
May 23, 2024 5:10 AM EDTDA Davidson analyst Gil Luria raised the price target on NVIDIA (NASDAQ: NVDA) to $900.00 (from $620.00) while maintaining a Neutral rating.
The analyst comments "NVIDIA reported strong 1Q25 earnings exceeding expectations across the board. We continue to believe that this year NVIDIA will... More
Market Intelligence Analyst Adam Crisafulli of Vital Knowledge Reacts to NVIDIA (NVDA) Earnings: 'dividend is so low it’s a wonder why they pay one at all'
May 22, 2024 4:58 PM EDTRespected Analyst Adam Crisafulli of Vital Knowledge Reacts to NVIDIA (NASDAQ: NVDA) Earnings.
The analyst comments "NVDA (Nvidia) reported upside in FQ1, including sales +262% Y/Y to $26B (vs. the Street $24.69B) and EPS +461% Y/Y to 6.12 (vs. the Street 5.65). The critical Data Center unit saw sales surge 427% Y/Y to $22.6B (about $1.5B above the Streets $21.1B forecast). Within Data Center, Compute spiked 478% to $19.39B while Networking rose 242% to $3.1B. Strong sequential Data Center growth was driven by all customer types, led by Enterprise and Consumer Internet companies. Large cloud... More
Citi Out First to Recap NVIDIA (NVDA) Earnings
May 22, 2024 4:51 PM EDTCiti analyst Atif Malik reiterated a Buy rating and $1,030.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "Fundamentals: NVDA reported Apr-Q revs/non-GAAP EPS (ex-SBC) of $26B/$6.12 vs. our $24B/$5.39 and Streets (FactSet) $24.6B/$5.60 and guided Jul-Q revenue to $28B (at MP) vs. our $27.5B and Streets $26.6B. Higher Hopper GPU... More
Why Citi remains bearish on XPeng (XPEV) stock despite VW partnership
May 22, 2024 1:43 PM EDTCiti analysts still have a bearish view of XPeng Inc. (NYSE: XPEV) shares following the Chinese electric vehicle company's first-quarter earnings release, which saw it top profit and revenue expectations.
XPeng reported Q1 EPS of (RMB0.75), RMB1.31 better than the analyst... More
Loop Capital Reiterates Hold Rating on Lowe's (LOW)
May 22, 2024 7:11 AM EDTLoop Capital analyst Laura Champine reiterated a Hold rating and $230.00 price target on Lowe's (NYSE: LOW).
The analyst comments "We are reiterating our Hold rating for LOW following a quarterly report which was basically in line with our estimate but beat... More
Lowe's (LOW) PT Lowered to $265 at Truist Securities
May 22, 2024 7:08 AM EDTTruist Securities analyst Scot Ciccarelli lowered the price target on Lowe's (NYSE: LOW) to $265.00 (from $271.00) while maintaining a Buy rating.
The analyst comments "1Q results were slightly above investor expectations, helped by the arrival of Spring weather. Pros posted + comps for the quarter, helping offset... More
RBC Capital Reiterates Sector Perform Rating on Lowe's (LOW)
May 22, 2024 6:18 AM EDTRBC Capital analyst Steven Shemesh reiterated a Sector Perform rating and $246.00 price target on Lowe's (NYSE: LOW)
The analyst comments "A 4% 1Q EPS beat was largely offset by 2Q EPS guidance ~4% below consensus, leaving 2024 a back-half improvement story and keeping FY'24 #s... More
UBS Reiterates Sell Rating on Macy's (M)
May 22, 2024 5:51 AM EDTUBS analyst Jay Sole reiterated a Sell rating and $10.00 price target on Macy's (NYSE: M).
The analyst comments "Macy's raised its FY24 adjusted EPS guidance to $2.55-2.90 from $2.45-2.85. This is a 3% increase at the midpoint. We estimate the sell-side will raise its... More
UBS Reiterates Buy Rating on Lowe's (LOW)
May 22, 2024 5:51 AM EDTUBS analyst Michael Lasser reiterated a Buy rating and $270.00 price target on Lowe's (NYSE: LOW).
The analyst comments "Overall, Lowes 1Q print was better than expected and should be a positive catalyst for the stock today. Its comp was -4.1%, compared to our forecast of -6% and the consensus of -5.5%. The markets expectation had moved a touch lower following HDs print and was squarely... More
Goldman Sachs Reiterates Buy Rating on Microsoft (MSFT)
May 22, 2024 5:50 AM EDTGoldman Sachs analyst Kash Rangan reiterated a Buy rating and $515.00 price target on Microsoft (NASDAQ: MSFT)
The analyst comments "After attending Microsoft Build Day 1, we leave increasingly constructive that MSFT continues to be in an industry-leading position that can shape the adoption of GenAI across the tech stack. Our main takeaways from... More
Bernstein SocGen Group Reiterates Market Perform Rating on XPeng (XPEV)
May 22, 2024 5:47 AM EDTBernstein SocGen Group analyst Eunice Lee reiterated a Market Perform rating and $12.00 price target on XPeng (NYSE: XPEV)
The analyst comments "Q1 solid margin improvement. XPeng reported Q1 revenue of RMB 6.5bn, +62.3% YoY, -49.8% QoQ. YoY growth was driven by both volume growth... More
Barclays Reiterates Underweight Rating on XPeng (XPEV)
May 22, 2024 5:46 AM EDTBarclays analyst Jiong Shao reiterated an Underweight rating and $8.00 price target on XPeng (NYSE: XPEV).
The analyst comments "XP 1Q results would have been broadly inline excluding the positive impact from high-margin tech services revenues from VW; first low end Mona... More
Barclays Reiterates Equalweight Rating on Lowe's (LOW)
May 22, 2024 5:46 AM EDTBarclays analyst Matthew McClintock reiterated an Equalweight rating and $229.00 price target on Lowe's (NYSE: LOW).
The analyst comments "Q1 results were mixed with sales better but still negative, while GM came in slightly below due in part to promotional activity. Not much... More
JPMorgan Reiterates Overweight Rating on Lowe's (LOW)
May 22, 2024 5:43 AM EDTJPMorgan analyst Christopher Horvers reiterated an Overweight rating and $268.00 price target on Lowe's (NYSE: LOW)
The analyst comments "LOW posted a sales-driven 4% EPS beat with comps of -4.1% vs. our -5.5%, the Streets -5.6%, and the down 5.5-6.0% HD lateral, as declines in... More
Macy's (M) PT Raised to $27 at JPMorgan
May 22, 2024 5:42 AM EDTJPMorgan analyst Matthew Boss raised the price target on Macy's (NYSE: M) to $27.00 (from $25.00) while maintaining a Overweight rating.
The analyst comments "We see Macys at a model inflection point to accelerated multi-year growth supported by a number of growth vectors and a sustained... More
Zoom Video (ZM) PT Lowered to $71 at Deutsche Bank
May 22, 2024 5:31 AM EDTDeutsche Bank analyst Matthew Niknam lowered the price target on Zoom Video (NASDAQ: ZM) to $71.00 (from $72.00) while maintaining a Hold rating.
The analyst comments "Net net, we continue to believe F2Q25E will likely mark the bottom for Zoom's revenue growth at +1% yoy, with easing comps in... More
Wells Fargo Reiterates Overweight Rating on Microsoft (MSFT)
May 22, 2024 5:16 AM EDTWells Fargo analyst Michael Turrin reiterated an Overweight rating and $500.00 price target on Microsoft (NASDAQ: MSFT)
The analyst comments "GitHub creating AI ecosystem; new features announced: Fitting for its annual dev event, MSFT announced GitHub Copilot is the most widely adopted AI... More
Wells Fargo Reiterates Overweight Rating on Lowe's (LOW)
May 22, 2024 5:11 AM EDTWells Fargo analyst Zachary Fadem reiterated an Overweight rating and $290.00 price target on Lowe's (NYSE: LOW)
The analyst comments "Cautious Q2 raises eyebrows; Q1 beat adds credibility. We expect LOW's Q2 guide to drive the debate today. We take the side of 'it's... More
Lowe's (LOW) PT Lowered to $250 at Evercore ISI
May 22, 2024 5:04 AM EDTEvercore ISI analyst Greg Melich lowered the price target on Lowe's (NYSE: LOW) to $250.00 (from $255.00) while maintaining a In Line rating.
The analyst comments "Whats harder? Twelve quarters of negative traffic, six quarters of negative comps, or trying to time of the turn in both. For Lowes, the toughest thing is trying to manage costs while investing to grow, balancing the two to grow share while keeping margins from falling further. For investors,... More
Palo Alto Networks (PANW) PT Raised to $285 at Macquarie
May 21, 2024 10:40 AM EDTMacquarie analyst Sarah Hindlian-Bowler raised the price target on Palo Alto Networks (NASDAQ: PANW) to $285.00 (from $270.00) while maintaining a Neutral rating.
The analyst comments "Palo reported a generally in-line FQ3'24, with total revenue of $1.98bn vs. consensus of $1.97bn and billings of $2.33bn vs. consensus of $2.34bn. EPS of $1.32 beat vs. consensus of $1.25. RPO... More
Macy's (M) PT Raised to $19 at CFRA
May 21, 2024 8:52 AM EDTCFRA analyst Zachary Warring raised the price target on Macy's (NYSE: M) to $19.00 (from $18.00) while maintaining a Hold rating.
The analyst comments "We raise our 12-month price target by $1 to $19, based on 7.2x our FY 25 (Jan.) EPS estimate and in line with the... More
Palo Alto Networks (PANW) PT Raised to $350 at FBN Securities
May 21, 2024 8:42 AM EDTFBN Securities analyst Shebly Seyrafi raised the price target on Palo Alto Networks (NASDAQ: PANW) to $350.00 (from $310.00) while maintaining a Outperform rating.
The analyst comments "We retain our Outperform rating on PANW and raise our PT from $310 to $350 following its FQ3 report in which revenue grew by 15% Y/Y (and came in 1% above consensus), billings grew by 3% Y/Y (in line with consensus), and NG EPS of $1.32 came in seven cents above consensus of $1.25. Shares are looking to exhibit weakness today as billings of $2.33B just met consensus and... More
Morgan Stanley Pegs XPeng (XPEV) as a Research Tactical Idea
May 21, 2024 8:19 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $18.00 price target on XPeng (NYSE: XPEV)
The analyst comments "We believe the share price will rise in absolute terms over the next 15 days. This is because of an earnings release. We think... More
