AMD gains as Northland says share gains likely to continue
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Stifel Comments on Meta Platforms Inc. (META) Earnings
October 30, 2024 4:51 PM EDTStifel analyst Mark Kelley reiterated a Buy rating and $663.00 price target on Meta Platforms Inc. (NASDAQ: META).
The analyst comments "Reported revenue of $40.6bn (+19% y/y) ahead of Street of $40.2bn (+18% y/y), with Operating Income of $17.4bn (43% margin) also ahead of consensus of... More
Goldman Sachs Comments on Meta Platforms Inc. (META) Earnings
October 30, 2024 4:43 PM EDTGoldman Sachs analyst Eric Sheridan reiterated a Buy rating and $636.00 price target on Meta Platforms Inc. (NASDAQ: META).
The analyst comments "We expect investors to have a muted reaction to META's Q3 24 earnings report as revenues came slightly ahead of GS/Street estimates and just inside the top end of their previously guided revenue range.... More
Baird Reiterates Outperform Rating on AMD (AMD)
October 30, 2024 7:14 AM EDTBaird analyst Tristan Gerra reiterated an Outperform rating and $175.00 price target on AMD (NASDAQ: AMD).
The analyst comments "We are modeling a near-doubling in AMD AI revenue for 2025 which would represent only 5% market share of the AI GPU market yet represents a... More
Northland Reiterates Outperform Rating on AMD (AMD), 'We would be buyers of a pullback this morning'
October 30, 2024 6:55 AM EDTNorthland analyst Gus Richard reiterated an Outperform rating and $175.00 price target on AMD (NASDAQ: AMD)
The analyst comments "AMD reported an inline quarter and guided Q4 down vs consensus. Commentary around CY25 leads us to lower our estimates slightly. We think the... More
Bernstein SocGen Group Reiterates Market Perform Rating on AMD (AMD)
October 30, 2024 6:36 AM EDTBernstein SocGen Group analyst Stacy Rasgon reiterated a Market Perform rating and $150.00 price target on AMD (NASDAQ: AMD).
The analyst comments "AMDs Q3 results were decent, and slightly above expectations on revenue and inline on EPS ($6,819M/$0.92 vs Street $6,714M/$0.92). The beat was primarily driven by Client, with Data Center only slightly above, Embedded roughly in-line, and Gaming well below. Datacenter GPU sales were indicated at >$1.5B in the quarter. But Q4 outlook was light ($7,500M/~$1.07 vs Street $7,549M/$1.16). The company... More
Cantor Fitzgerald Reiterates Neutral Rating on Alphabet (GOOGL)
October 30, 2024 6:33 AM EDTCantor Fitzgerald analyst Maria Ripps reiterated a Neutral rating and $190.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "The Key Takeaway: GOOGLs 3Q results exceeded Street estimates by 2%/7% on revenue/EBIT (Visible Alpha), but search and YT were largely in-line vs.... More
Alphabet (GOOGL) PT Raised to $225 at Truist Securities
October 30, 2024 6:24 AM EDTTruist Securities analyst Youssef Squali raised the price target on Alphabet (NASDAQ: GOOGL) to $225.00 (from $220.00) while maintaining a Buy rating.
The analyst comments "We remain constructive on GOOGL following a broad-based beat across Search, Cloud and Devices with improving margins, even as mgmt... More
Truist Securities Reiterates Hold Rating on AMD (AMD)
October 30, 2024 6:23 AM EDTTruist Securities analyst William Stein reiterated a Hold rating and $156.00 price target on AMD (NASDAQ: AMD).
The analyst comments "Muted Q4 outlook partly offset by higher DC GPU guidance. AMD's Q3 result was mixed, and the Q4 outlook was modestly below-consensus.... More
Alphabet (GOOGL) PT Raised to $212 at JPMorgan
October 30, 2024 6:21 AM EDTJPMorgan analyst Doug Anmuth raised the price target on Alphabet (NASDAQ: GOOGL) to $212.00 (from $208.00) while maintaining a Overweight rating.
The analyst comments "Key standouts for us coming out of 3Q earnings were: 1) Googles increased confidence in its AI Search rollout; 2) strong Google Cloud acceleration (+35% Y/Y) & margin expansion (17.1% OPM); & 3) operating profit upside (32.3% OPM) w/continued... More
Goldman Sachs Reiterates Buy Rating on AMD (AMD)
October 30, 2024 6:15 AM EDTGoldman Sachs analyst Toshiya Hari reiterated a Buy rating and $175.00 price target on AMD (NASDAQ: AMD)
The analyst comments "AMD delivered 3Q24 results and 4Q24 guidance that were largely in-line with Street expectations. By segment, growth in Data Center accelerated for the... More
BofA Securities Reiterates Buy Rating on AMD (AMD)
October 30, 2024 6:09 AM EDTBofA Securities analyst Vivek Arya reiterated a Buy rating and $180.00 price target on AMD (NASDAQ: AMD)
The analyst comments "Modest Q3 beat, in-line Q4 outlook including broadly expected AI segment raise to $5bn+ for CY24, as previewed. We think lack of... More
Alphabet (GOOGL) PT Raised to $205 at Evercore ISI
October 30, 2024 5:55 AM EDTEvercore ISI analyst Mark Mahaney raised the price target on Alphabet (NASDAQ: GOOGL) to $205.00 (from $200.00) while maintaining a Outperform rating.
The analyst comments "Our View: We reiterate our Outperform on GOOGL in the wake of a Solid Beat Q3 print, and modestly... More
AMD (AMD) PT Raised to $198 at Evercore ISI
October 30, 2024 5:54 AM EDTEvercore ISI analyst Mark Lipacis raised the price target on AMD (NASDAQ: AMD) to $198.00 (from $193.00) while maintaining a Outperform rating.
The analyst comments "AMD traded down by 8% in aftermarket trading after it posted a SepQ meet and DecQ 10% EPS outlook... More
Alphabet (GOOGL) PT Raised to $216 at Citi
October 30, 2024 5:45 AM EDTCiti analyst Ronald Josey raised the price target on Alphabet (NASDAQ: GOOGL) to $216.00 (from $212.00) while maintaining a Buy rating.
The analyst comments "We emerge from Alphabets 3Q24 earnings incrementally positive on shares. Google Search & YouTube revenue growth of +12% Y/Y highlight continued... More
AMD (AMD) PT Lowered to $200 at Citi
October 30, 2024 5:45 AM EDTCiti analyst Christopher Danely lowered the price target on AMD (NASDAQ: AMD) to $200.00 (from $210.00) while maintaining a Buy rating.
The analyst comments "Yesterday after the close, AMD reported decent results but guided below Consensus driven by lower gaming margins. AMD raised its C24... More
Goldman Sachs Reiterates Buy Rating on Alphabet (GOOGL)
October 29, 2024 4:41 PM EDTGoldman Sachs analyst Eric Sheridan reiterated a Buy rating and $208.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "We expect the market to have a positive reaction to Alphabets Q3'24 earnings report upon our first read/analysis of the results. In terms of upside, we would point to Search & Other revenue (which exceeded... More
Jefferies Reiterates Buy Rating on Microsoft (MSFT)
October 29, 2024 4:03 PM EDTJefferies analyst Brent Thill reiterated a Buy rating and $550.00 price target on Microsoft (NASDAQ: MSFT).
The analyst comments "We view F1Q expectations of 15% yoy cc growth (vs F4Q 16%) on a flat comp as achievable, but expect F2Q... More
Evercore ISI Reiterates Outperform Rating on Meta Platforms Inc. (META)
October 28, 2024 4:01 PM EDTEvercore ISI analyst Mark Mahaney reiterated an Outperform rating and $600.00 price target on Meta Platforms Inc. (NASDAQ: META).
The analyst comments "Our View: Based on intra-quarter data points and our model sensitivity analysis, we believe META will likely print a modest Beat & Bracket Q3. We view the Streets Q3 Revenue estimate (+17.6% Y/Y and +2.8% Q/Q) as reasonable, with more upside vs. downside variance, given 1) our ad channel checks... More
