Midday movers: H&R Block, Maravai LifeSciences rise; Applied Materials falls

Stifel Reiterates Hold Rating on Texas Instruments (TXN)

Stifel analyst Tore Svanberg reiterated a Hold rating and $200.00 price target on Texas Instruments (NASDAQ: TXN).

The analyst comments "With todays updated capital management plan, we believe there has been a clear structural change not necessarily in the companys ability to achieve its FCF/ share growth targets, but rather the additional... More

Texas Instruments (TXN) PT Raised to $200 at Deutsche Bank

Deutsche Bank analyst Ross Seymore raised the price target on Texas Instruments (NASDAQ: TXN) to $200.00 (from $185.00) while maintaining a Hold rating.

The analyst comments "TXN has long been one of the most efficient allocators of capital within the semiconductor sector and we believe todays Capital Management Update should comfort... More

Texas Instruments (TXN) expects free cash flow to jump in 2026, Elliott comments

Texas Instruments (NASDAQ: TXN) said in a conference call with analysts on Tuesday that it anticipates a significant increase in free cash flow (FCF) by 2026, driven by a rebound in demand and a more disciplined approach to capital spending, following pressure from activist investor Elliott Investment Management.

In recent years, Texas Instruments has focused on expanding its manufacturing capacity to avoid the kind of chip shortages experienced during the pandemic and to meet future demand.

However, this strategy has attracted scrutiny from investors, as the associated expenses have put a... More

Palo Alto Networks (PANW) PT Raised to $400 at Wedbush

Wedbush analyst Daniel Ives raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $375.00) while maintaining a Outperform rating.

The analyst comments "We continue to believe the platform approach in cyber security is the right long-term move for PANW and... More

Stifel Reiterates Buy Rating on NVIDIA (NVDA)

Stifel analyst Ruben Roy reiterated a Buy rating and $165.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "NVDA reports its F2Q25 (July) results after market on Wednesday, 8/28. While we are cognizant of recent concerns regarding near-term production targets for certain Blackwell series... More

Palo Alto Networks (PANW) PT Raised to $395 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $330.00) while maintaining a Buy rating.

The analyst comments "Despite some concerns around the July 19 CrowdStrike outage hampering consolidation forces within cyber, 'platformization' is winning the day for PANW with multiple customer success stories and supporting metrics including 90 new such deals in F4Q up from 65 in F3Q. The company boasts well over 1,000 'platformized' customers amongst their largest 5,000, along with healthy expansion rates and rising interest and activity among senior level customer execs. We believe... More

BofA Securities Reiterates Neutral Rating on Palo Alto Networks (PANW)

BofA Securities analyst Tal Liani reiterated a Neutral rating and $370.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "Palo Alto Networks reported a strong quarter with NGS ARR up ~43% YoY vs. Streets 38.1%, fueled by progress across all next-generation security... More

Goldman Sachs Reiterates Buy Rating on Palo Alto Networks (PANW)

Goldman Sachs analyst Gabriela Borges reiterated a Buy rating and $376.00 price target on Palo Alto Networks (NASDAQ: PANW)

The analyst comments "Palo Alto reported an overall solid quarter: 4QFY (July) revenue was 1% above the Street and EPS 7% above (FactSet). FY25 guidance is for RPO growth of... More

Wolfe Research Reiterates Outperform Rating on Palo Alto Networks (PANW)

Wolfe Research analyst Joshua Tilton reiterated an Outperform rating and $385.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "Revenue and NGS ARR stood out, growing 12% and 43% Y/Y, and coming in 1.3% and 3.7% ahead of consensus, respectively. Total Billings... More

Palo Alto Networks (PANW) PT Raised to $390 at BMO Capital

BMO Capital analyst Keith Bachman raised the price target on Palo Alto Networks (NASDAQ: PANW) to $390.00 (from $334.00) while maintaining a Outperform rating.

The analyst comments "We are not surprised that PANW is moving away from offering billings guidance, and we... More

Mizuho Reiterates Outperform Rating on Palo Alto Networks (PANW)

Mizuho analyst Gregg Moskowitz reiterated an Outperform rating and $380.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "PANW reported a very good close to its fiscal year, as F4Q revenue growth upside was more than usual, while... More

Palo Alto Networks (PANW) PT Raised to $400 at Jefferies

Jefferies analyst Joseph Gallo raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $365.00) while maintaining a Buy rating.

The analyst comments "F4Q billings grew 11% yoy vs Cons 9%. While the shifting of metrics muddies guidance (RPO impacted by... More

Palo Alto Networks (PANW) PT Raised to $395 at Evercore ISI

Evercore ISI analyst Peter Levine raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $385.00) while maintaining a Outperform rating.

The analyst comments "PANW delivered a strong quarter and provided an outlook that met expectations. The core of our Tactical Underperform (here) was the lack of confidence going into the print given all the moving pieces, and although the guidance wasnt one for the record books, it was good enough. As expected, mgmt will be transitioning away from providing a billings guide but gave us an FY25 target of... More

Palo Alto Networks (PANW) PT Raised to $395 at BTIG

BTIG analyst Gray Powerll raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $366.00) while maintaining a Buy rating.

The analyst comments "PANW posted strong FQ424 results and the initial outlook for FY25 was broadly in-line with expectations across key metrics. Most notably, PANW posted billings growth of 10.8% y/y in Q424 ahead of... More

NVIDIA (NVDA) builds new AI weather model - Axios

According to Axios, NVIDIA (NASDAQ: NVDA) Research has unveiled a new generative AI weather model that significantly enhances the accuracy of short-range weather forecasts, with the potential to predict extreme weather events such as flash floods and tornado outbreaks.

Nvidia shared with Axios that this model is the first AI system capable of improving simulations of severe... More

William Blair Reiterates Market Perform Rating on Applied Materials (AMAT)

William Blair analyst Jed Dorsheimer reiterated a Market Perform rating on Applied Materials (NASDAQ: AMAT).

The analyst comments "Applied Materials stock is trading down slightly following a strong five-day swing from recent lows. The AI capitulation debate is not over, and investors... More

Palo Alto Networks (PANW) PT Raised to $345 at Rosenblatt

Rosenblatt analyst Catherine Trebnick raised the price target on Palo Alto Networks (NASDAQ: PANW) to $345.00 (from $300.00) while maintaining a Neutral rating.

The analyst comments "Palo Alto Networks is set to report its 4Q/FY24 results on Monday, 08/19 after the close, followed by a conference call at 4:30 pm ET. Our current Q4 estimates remain unchanged. We anticipate a solid... More

Bernstein SocGen Group Reiterates Underperform Rating on Texas Instruments (TXN)

Bernstein SocGen Group analyst Stacy Rasgon reiterated an Underperform rating and $140.00 price target on Texas Instruments (NASDAQ: TXN)

The analyst comments "We do not expect capex cuts to be articulated for this year, or next (in fact the companys CHIPS Act announcements last week, particularly the tax credits, likely dont leave much room... More

Goldman Sachs Reiterates Conviction Buy Rating on NVIDIA (NVDA), 'set-up for NVDA is constructive'

Goldman Sachs analyst Toshiya Hari reiterated a Conviction Buy rating and $135.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "

We reiterate our Buy rating on NVDA (also on the Conviction List) ahead of FY2Q (July) results scheduled for August 28 (post... More

Stifel on Repligen (RGEN) M&A Speculation with Maravai (MRVI)

Stifel analyst Daniel Arias reiterated a Buy rating and $207.00 price target on Repligen (NASDAQ: RGEN)

The analyst comments "Reuters is reporting today that RGEN has approached MRVI about an acquisition. There are no speculation details on price, so views valuation are limited - though a $3B deal would equate to around 10x '25 sales if that were to be the - making it the... More