Midday movers: Dell, MongoDB fall; Gap, Zscaler rise
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StreetInsider.com Top Tickers, 8/9/2026
- S&P closes at record high as soft jobs report eases rate-hike concerns
- US suffers unexpected job losses in July, markets dial back rate hike expectations
- Brent climbs $1 on uncertainty over end to Iran war
- Atlassian results seen as 'game changer' for AI kills software worries
- The Trade Desk hit by Wall St downgrades after disappointing Q2 results, outlook
- Citi cuts Micron stock target, sees memory chip prices peaking in 2Q27
- S&P closes at record high as soft jobs report eases rate-hike concerns
- US suffers unexpected job losses in July, markets dial back rate hike expectations
- Atlassian results seen as 'game changer' for AI kills software worries
- Microsoft only US hyperscaler with positive free cash flow as AI capex bites
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JPM: Custom chip demand accelerating; AVGO and MRVL to dominate
June 4, 2024 6:24 AM EDTJPMorgan raised its outlook for the custom chip (ASIC) market, projecting a market size of $20-$30 billion and a growth rate of 20% annually, driven by the surge in generative AI.
According to JPMorgan, this demand is fueled by cloud giants like Google and Meta, which are integrating their technology roadmaps and relying more heavily on custom-designed chips for AI workloads.
The bank highlights Broadcom... More
Telsey Reiterates Outperform Rating on Costco Wholesale (COST)
June 3, 2024 5:49 AM EDTTelsey analyst Joseph Feldman reiterated an Outperform rating and $850.00 price target on Costco Wholesale (NASDAQ: COST).
The analyst comments "May 2024 Sales Preview: We forecast a total comp of 6.8% vs. (0.3%) last year. We expect a net neutral impact from gas and FX in... More
MongoDB (MDB) PT Lowered to $350 at Citi
June 3, 2024 5:04 AM EDTCiti analyst Tyler Radke lowered the price target on MongoDB (NASDAQ: MDB) to $350.00 (from $480.00) while maintaining a Buy rating.
The analyst comments "Q1 results were a contrast to more resilient consumption prints (CFLT, SNOW, ESTC etc) with macro-related + GTM adjustments driving weaker... More
Zscaler (ZS) PT Lowered to $245 at Evercore ISI, 'Tough To Bet Against These Guys'
May 31, 2024 9:22 AM EDTEvercore ISI analyst Peter Levine lowered the price target on Zscaler (NASDAQ: ZS) to $245.00 (from $270.00) while maintaining a Outperform rating.
The analyst comments "ZS delivered a strong beat and raise F3Q, headlined by billings growth of 30% (ahead of the 24%/25% bogey), revenue growth of 32% y/y, scale in large customers (50+ customers at $5mn+ ARR), and 22% operating margins despite ongoing customer scrutiny of large deals, changes in the sales organization, and higher than expected sales attrition... More
Gap, Inc. (GPS) PT Raised to $20 at CFRA
May 31, 2024 9:09 AM EDTCFRA analyst Zachary Warring raised the price target on Gap, Inc. (NYSE: GPS) to $20.00 (from $15.00) while maintaining a Sell rating.
The analyst comments "We raise our 12-month price target by $5 to $20, based on 12.5x our FY 25 (Jan.) EPS estimate and below the... More
Ambarella (AMBA) PT Raised to $60 at CFRA
May 31, 2024 8:24 AM EDTCFRA analyst Angelo Zino raised the price target on Ambarella (NASDAQ: AMBA) to $60.00 (from $50.00) while maintaining a Hold rating.
The analyst comments "We boost our 12-month target price to $60 from $50, utilizing an EV/sales of about 7x our FY 26 (Jan.)... More
