Nvidia, chip stocks rally after TSMC's blowout earnings
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Intel (INTC) PT Lowered to $21 at Goldman Sachs, Cautious on PC Demand and Margins
October 17, 2024 12:49 PM EDTGoldman Sachs analyst Toshiya Hari lowered the price target on Intel (NASDAQ: INTC) to $21.00 (from $22.00) while maintaining a Sell rating.
The analyst comments "Ahead of Intel's 3Q24 earnings release scheduled for 10/31 (post close), we reduce our 2025/26 non-GAAP EPS (excl. SBC)... More
TSMC (2330:TT) (TSM) PT Raised to NT$1,400 at BofA Securities, 'We reit Buy despite recent demand concerns'
October 17, 2024 9:27 AM EDTBofA Securities analyst Brad Lin raised the price target on TSMC (2330:TT) (NYSE: TSM) to NT$1,400.00 (from NT$1,200.00) while maintaining a Buy rating.
The analyst comments "We raise our PO to NT$1,400 (35% upside potential), to reflect TSMCs stronger 3Q results/4Q guidance, better... More
ASML Holding NV (ASML:NA) (ASML) PT Lowered to EUR750 at Cantor Fitzgerald, Removed from Top Pick List
October 17, 2024 6:37 AM EDTCantor Fitzgerald analyst C.J. Muse lowered the price target on ASML Holding NV (ASML:NA) (NASDAQ: ASML) to EUR750.00 (from EUR1,000.00) while maintaining a Overweight rating.
The analyst comments "This Q was obviously a disaster given order weakness and cut to the companys CY25 outlook (as discussed in our prior 2 post-earnings notes here and here). So with the stock already having traded off 20%+ since the errant press release, the major question is where does the stock bottom and what drives the stock from here?... More
BofA Securities Reiterates Buy Rating on ASML Inc. (ASML), PT $939, '2025 guide more realistic than meets the eye'
October 17, 2024 6:29 AM EDTBofA Securities analyst Didier Scemama reiterated a Buy rating and $939.00 price target on ASML Inc. (NASDAQ: ASML).
The analyst comments "We would highlight a few positive elements: (A) ASMLs China 25E revenue guide assumes a normalisation of demand and the negative impact of additional export control restrictions. This implies China... More
BofA Securities Reiterates Buy Rating on ASML Holding NV (ASML:NA) (ASML), 'A few reasons to be optimistic'
October 17, 2024 5:35 AM EDTBofA Securities analyst Didier Scemama reiterated a Buy rating and EUR870.00 price target on ASML Holding NV (ASML:NA) (NASDAQ: ASML).
The analyst comments "A few reasons to be optimistic; Reiterate Buy and 870 PO We have slightly raised our CY25/26E EPS (3%) reflecting higher IBM revenues. Our PO remains at 870/US$939 on 23x CY26E EV/EBITDA (down from 24x prior on lower sector multiples), within its historical range of 17.5x to 35x. We reiterate our Buy rating. 2025 - a bridge (not) too far? We would highlight a few... More
