Wedbush sees 15% upside left for Nasdaq, tech stocks

Jefferies hikes Amazon stock target on strong AWS and advertising trends

Jefferies analysts are bullish on Amazon (NASDAQ: AMZN), raising their price target to $235 per share from $225 in a note Tuesday, citing strong growth in both Amazon Web Services (AWS) and advertising sectors.

"We reiterate our BUY rating on AMZN as continued AWS and Advertising momentum combined with retail operating leverage should support 18%+ upside to our SOTP-based $235 PT.," Jefferies states in their research... More

Cloud war: Azure has 'slight edge' over AWS says Jefferies

Jefferies analysts see Microsoft (NASDAQ: MSFT) Azure gaining ground on Amazon (NASDAQ: AMZN) Web Services (AWS) in the ongoing cloud computing battle.

Their cloud spending survey of 40 U.S. CIOs reveals a growing focus on cloud adoption and a slight preference for Azure.

A "big jump in spend intentions" is a key... More

Meta Platforms (META) target lifted at Wedbush following digital ad survey

In a note this week, Wedbush raised its price target for Meta Platforms (NASDAQ: META) to $570 from $480, citing strong advertiser demand revealed in its latest digital advertising survey.

"Results from our survey were notably strong relative to our expectations for both Pinterest and Meta," stated the Wedbush note. They reached over 200... More

NVIDIA target raised at Wolfe Research on positive supply chain checks

Wolfe Research raised their price target for NVIDIA (NASDAQ: NVDA) to $150 from $125 per share in a note Monday, citing positive supply chain checks indicating strong growth for the company in calendar year 2025 (CY25).

"Recent supply chain checks show a path to 50%+ content growth for NVDA GPUs in CY25," stated the Wolfe Research note. They attribute this growth to a transition to... More

Google Search gaining market share while ChatGPT traffic declines

Bank of America analysts said in a note Monday that Google's global search market share increased slightly in June, marking the second consecutive month of growth. This uptick, Bank of America suggests, could be due to the integration of AI features like overviews within search results.

While Google's desktop share dipped slightly, its mobile share grew,... More

Apple iPhone 16 AI driven massive upgrade cycle on the horizon - Wedbush

Investment firm Wedbush predicts a "monumental iPhone 16 upgrade cycle" fueled by Apple's (NASDAQ: AAPL) advancements in artificial intelligence (AI).

Analyst optimism stems from "recent Asia supply chain checks," indicating iPhone stabilization and a potential growth turnaround in China, Apple's key market. Wedbush believes the iPhone 16, launching in mid-September 2024, will be the... More

NVIDIA (NVDA) target lifted at UBS as supply checks confirm demand momentum

Analysts at UBS raised their price target for NVIDIA (NASDAQ: NVDA) to $150 from $120 per share in a note Monday, reiterating a Buy rating on the stock, citing positive recent supply checks.

The bank's recent supply chain checks confirmed their prior suspicions that demand momentum for Blackwell rack-scale systems "remains... More