Barclays says sell-off in these 3 tech stocks has gone too far
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BofA Securities Reiterates Buy Rating on Meta Platforms Inc. (META), 'Top AI play in consumer Internet'
August 1, 2024 9:34 AM EDTBofA Securities analyst Justin Post reiterated a Buy rating and $563.00 price target on Meta Platforms Inc. (NASDAQ: META).
The analyst comments "We see Meta as the top AI play in consumer Internet given: 1) Leading infrastructure and LLM capabilities w/ Llama 3.1, 2)... More
Meta Platforms Inc. (META) PT Raised to $615 at Oppenheimer
August 1, 2024 6:50 AM EDTOppenheimer analyst Jason Helfstein raised the price target on Meta Platforms Inc. (NASDAQ: META) to $615.00 (from $525.00) while maintaining a Outperform rating.
The analyst comments "Increasing target to $615 (was $525) or 24x '25E EPS a 13%/4% discount to peers/ NASDAQ. Stronger 2Q revenue and 3Q... More
Lam Research (LRCX) PT Raised to $1,100 at JPMorgan
August 1, 2024 6:48 AM EDTJPMorgan analyst Harlan Sur raised the price target on Lam Research (NASDAQ: LRCX) to $1,100.00 (from $950.00) while maintaining a Overweight rating.
The analyst comments "Lam delivered strong Jun-Qtr revenue/margins/EPS results and in-line Sept-Qtr guidance (conservative in our view) as equipment spending fundamentals are set to grow in the 2H of the year and into CY25. CY24 WFE outlook was increased slightly (WFE up mid-single digits %) versus prior view of up low/mid single-digits% and LRCXs business profile... More
Meta Platforms Inc. (META) PT Raised to $585 at Deutsche Bank
August 1, 2024 6:45 AM EDTDeutsche Bank analyst Leo Horowitz raised the price target on Meta Platforms Inc. (NASDAQ: META) to $585.00 (from $525.00) while maintaining a Buy rating.
The analyst comments "Of course, AI will be leveraged to accelerate progress across many of these objectives, and therefore CapEx... More
Meta Platforms Inc. (META) PT Raised to $555 at Goldman Sachs
August 1, 2024 5:18 AM EDTGoldman Sachs analyst Eric Sheridan raised the price target on Meta Platforms Inc. (NASDAQ: META) to $555.00 (from $522.00) while maintaining a Buy rating.
The analyst comments "While debates will likely persist around product transitions and industry platform headwinds in the quarters & years... More
Meta Platforms Inc. (META) PT Raised to $590 at Stifel
August 1, 2024 5:13 AM EDTStifel analyst Mark Kelley raised the price target on Meta Platforms Inc. (NASDAQ: META) to $590.00 (from $550.00) while maintaining a Buy rating.
The analyst comments "META delivered a solid beat across the board in 2Q (all geos better), with a better 3Q revenue outlook (mdpt.... More
Meta Platforms Inc. (META) PT Raised to $610 at JPMorgan
August 1, 2024 5:11 AM EDTJPMorgan analyst Doug Anmuth raised the price target on Meta Platforms Inc. (NASDAQ: META) to $610.00 (from $480.00) while maintaining a Overweight rating.
The analyst comments "META shares traded up +7% post-close & we reiterate our Overweight rating, w/the company executing well near-term & we believe investing appropriately in critical L-T initiatives, notably AI. Healthy ad market trends supported strong 2Q results & have carried into 3Q, with/METAs 3Q revenue guide of +13%-20% (+15%-22%... More
Meta Platforms Inc. (META) PT Raised to $550 at Roth/MKM
August 1, 2024 5:08 AM EDTRoth/MKM analyst Rohit Kulkami raised the price target on Meta Platforms Inc. (NASDAQ: META) to $550.00 (from $510.00) while maintaining a Buy rating.
The analyst comments "META reported an emphatic beat-and-raise earnings report and surprisingly left Op. Expenses outlook unchanged, and unsurprisingly raised 2024 CapEx... More
Meta Platforms Inc. (META) PT Raised to $600 at Evercore ISI
August 1, 2024 5:02 AM EDTEvercore ISI analyst Mark Mahaney raised the price target on Meta Platforms Inc. (NASDAQ: META) to $600.00 (from $550.00) while maintaining a Outperform rating.
The analyst comments "We reiterate our Outperform rating on META, raising our estimates and our PT from $550 to $600... More
Northland Reiterates Outperform Rating on AMD (AMD)
July 31, 2024 6:46 AM EDTNorthland analyst Gus Richard reiterated an Outperform rating and $175.00 price target on AMD (NASDAQ: AMD).
The analyst comments "AMD beat consensus by $0.01 on revenue upside primarily from AI, reaching revenue of over $1B vs our model of $900M. Client revenue was... More
Stifel Reiterates Buy Rating on AMD (AMD)
July 31, 2024 6:42 AM EDTStifel analyst Ruben Roy reiterated a Buy rating and $200.00 price target on AMD (NASDAQ: AMD).
The analyst comments "AMDs results and outlook were modestly above expectations with revenue exceeding the midpoint of management guidance on higher-than-expected data center, client and server processor sales.... More
AMD (AMD) PT Lowered to $180 at Cantor Fitzgerald
July 31, 2024 6:33 AM EDTCantor Fitzgerald analyst C.J. Muse lowered the price target on AMD (NASDAQ: AMD) to $180.00 (from $200.00) while maintaining a Overweight rating.
The analyst comments "Amidst investor fears of a slowdown in MI300 demand from Microsoft, AMD offered a better-than-feared report including a modest beat for the June Q, mixed outlook for the September Q (slightly better revs, worse EPS), and, very importantly, raised its outlook for MI300 revenues from >$4B+ to >$4.5B+. Specific to the MI300 and AI outlook, we... More
AMD (AMD) PT Lowered to $156 at Truist Securities
July 31, 2024 5:22 AM EDTTruist Securities analyst William Stein lowered the price target on AMD (NASDAQ: AMD) to $156.00 (from $162.00) while maintaining a Hold rating.
The analyst comments "Incrementally raising AI GPU guidance. AMD's beat Q2 consensus & guided Q3 mixed. The Datacenter & Client end market upsides will likely predominate... More
