Midday movers: Autodesk, GameStop rise, Dell falls
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- Visa (V) To Cut 7% Of Its Workforce, Totaling About 2,600 Jobs - Bloomberg
- HF Sinclair plans to spin off lubricants unit, close Canadian refinery
- SoFi Technologies (SOFI) Tops Q2 EPS by 1c ; Offers Guidance
- Crude Inventory Fell 7.2 Million Barrels Last Week - EIA
- S&P 500 ends higher as investors await tech earnings
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Goldman Sachs Reiterates Conviction Buy Rating on NVIDIA (NVDA) Following Mgmt Meet
June 5, 2024 3:14 PM EDTGoldman Sachs analyst Toshiya Hari reiterated a Conviction Buy rating and $1,200.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "We attended a group meeting with Founder, President and CEO Jensen Huang in Taiwan on the side of Computex 2024. Mr. Huang discussed his... More
Citi Reiterates Buy Rating on Dell (DELL)
June 5, 2024 5:31 AM EDTCiti analyst Asiya Merchant reiterated a Buy rating and $170.00 price target on Dell (NYSE: DELL).
The analyst comments "We met with Dells SVP/CTO ISG, Ihab Tarazi, and Hall Butler of IR at the companys executive briefing center. Management remains... More
CFRA Reiterates Buy Rating on AMD (AMD)
June 3, 2024 1:12 PM EDTCFRA analyst Angelo Zino reiterated a Buy rating and $200.00 price target on AMD (NASDAQ: AMD).
The analyst comments "At Computex 2024, AMD provided greater insights across its AI hardware capabilities in both data center and PCs. On the accelerator side, AMD introduced an annual cadence... More
Canaccord Genuity Reiterates Buy Rating on Spotify (SPOT)
June 3, 2024 12:02 PM EDTCanaccord Genuity analyst Maria Ripps reiterated a Buy rating and $370.00 price target on Spotify (NYSE: SPOT).
The analyst comments "We think the pricing changes announced today underscore Spotify's ongoing commitment to expanding profitability and suggest potential upside to current forecast, where both our... More
AMD: Could the Computex keynote lift investor sentiment?
June 3, 2024 10:05 AM EDTAMD (NASDAQ: AMD) CEO delivered a compelling keynote address at Computex, potentially shifting investor focus from the MI300X's revenue outlook to the broader horizon of product launches and market share gains over the next one to two years, according to Lynx Equity Strategies.
The firm said this presentation may offer "upside alpha in the stock," marking a significant turn in... More
