Google's capex spending is growing 60%, which is good news for NVIDIA

These are four bull stocks according to BofA analysts, plus two bears

According to a note from Bank of America analysts this week, four stocks are showing bullish potential, while two others are signaling bearish trends.

Bullish Stocks:

Alphabet (NASDAQ: GOOGL): This internet media and services giant has experienced a "big base breakout," with targets set at 215, according to the bank.

BofA notes that GOOGL is "holding the 150 to 146-143 area," which is... More

Goldman Sachs Reiterates Buy Rating on Microsoft (MSFT)

Goldman Sachs analyst Kash Rangan reiterated a Buy rating and $500.00 price target on Microsoft (NASDAQ: MSFT).

The analyst comments "We reiterate our Buy rating and $500 PT as we atribute the weakness AH to 1) the slight deceleration in Azure and CM365 CC growth guidance, both down ~200bps, and 2) the negative impact to EPS (~$0.60 annualized or ~5%) from minority interest in OpenAI losses. We remain constructive and view these issues as short-lived... More

Evercore ISI Reiterates Outperform Rating on Microsoft (MSFT)

Evercore ISI analyst Kirk Materne reiterated an Outperform rating and $500.00 price target on Microsoft (NASDAQ: MSFT).

The analyst comments "Microsoft reported solid F1Q results that beat expectations across the board, with M365 Commercial Cloud growth of 16% in c/c and Azure growth of 34% in c/c. However, shares are under some pressure in the after-market as the Azure consumption growth was more in... More

Meta Platforms Inc. (META) PT Raised to $700 at DA Davidson

DA Davidson analyst Gil Luria raised the price target on Meta Platforms Inc. (NASDAQ: META) to $700.00 (from $600.00) while maintaining a Buy rating.

The analyst comments "We reiterate our BUY rating and raise our price target to $700 following solid earnings that were highlighted by... More

Citi Reiterates Buy Rating on Microsoft (MSFT)

Citi analyst Tyler Radke reiterated a Buy rating and $497.00 price target on Microsoft (NASDAQ: MSFT).

The analyst comments "A healthy top/bottom-line beat (1-2% revenue including 1pt on Azure/5% EPS) , with strong commercial bookings (23% YoY) was offset by some one-off factors... More

Meta Platforms Inc. (META) PT Raised to $705 at Citi

Citi analyst Ronald Josey raised the price target on Meta Platforms Inc. (NASDAQ: META) to $705.00 (from $645.00) while maintaining a Buy rating.

The analyst comments "With advertising revenue +20% Y/Y ex-FX and growth across both ad impressions (+7% Y/Y) and pricing (+11%... More

Barclays Reiterates Overweight Rating on Microsoft (MSFT)

Barclays analyst Raimo Lenschow reiterated an Overweight rating and $475.00 price target on Microsoft (NASDAQ: MSFT).

The analyst comments "In the short term, we fear the wait will continue for MSFT's shares. Short term supply issues around AI capacity are likely to cause stable Azure... More

Stifel Comments on Meta Platforms Inc. (META) Earnings

Stifel 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

Goldman 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