Bank of America analyst Vivek Arya has increased his price target for Broadcom, predicting that the semiconductor company’s sales growth will double as a result of the AI trend. Arya now believes the stock could rise by 30% to $2,150, making it his top pick. He expects sales growth to increase to a compound annual … Read more
“Recently, Mashreq Bank announced that they will be implementing Oracle’s Core Banking System across all their global operations. This move is part of their ongoing efforts to enhance their digital capabilities and provide better services to their customers. The new system is expected to streamline processes, improve efficiency, and ultimately, drive business growth for the … Read more
The Trust Department of Mechanics Bank recently purchased 2,454 shares of International Business Machines Co. during the first quarter, valued at approximately $469,000. Other institutional investors and hedge funds have also made changes to their stakes in the company. International Business Machines stock has a 52-week low of $129.31 and a high of $199.18, with … Read more
Mashreq, a prominent financial institution in the MENA region, has extended its partnership with Oracle Financial Services to support global growth initiatives. This collaboration involves replacing core banking systems with Oracle solutions to modernize operations in key international hubs and establish digital banks in Pakistan and Oman. The partnership aims to drive digital innovation, improve … Read more
NVIDIA (NASDAQ:NVDA) saw its shares rise after Bank of America included the company’s stock in its Best of Breed list. Analysts have been praising Nvidia for its AI chips and business, making it a strong contender in the market. Bank of America reiterated its “buy” rating on NVDA stock and set a price target of … Read more
First PREMIER Bank decreased its holdings in International Business Machines Co. by 7.6% in the first quarter, selling 106 shares and leaving them with 1,291 shares valued at $246,000. Other institutional investors and hedge funds have also adjusted their positions in IBM, with Vanguard Group Inc. seeing a 0.4% increase in stake, Morgan Stanley increasing … Read more
Bangor Savings Bank reduced its holdings in Oracle Co. (NYSE: ORCL) by 37.6% in the first quarter, according to a recent filing with the SEC. The bank sold 886 shares, leaving them with 1,470 shares valued at $185,000. Other institutional investors such as Orion Capital Management LLC, Spartan Planning & Wealth Management, Tidemark LLC, Frank … Read more
Broadcom is seeing renewed confidence from stock market analysts at Bank of America, who are maintaining a “buy” rating on the company’s shares with a price target of $2,150.00. Other analysts have also published positive reports on Broadcom, with Mizuho, Melius Research, Oppenheimer, Truist Financial, and Goldman Sachs Group all raising their price targets and … Read more
Chipmakers driving the AI revolution are currently thriving in the stock market, with NVIDIA leading the race. However, Broadcom, another American semiconductor maker, recently announced a stock split and exceeded earnings expectations in its second-quarter report. The company projected $51 billion in sales for fiscal 2024, prompting a significant increase in its stock price. Bank … Read more
Bank of New Hampshire has reduced its holdings in Intel Co. by 10.1% in the first quarter, according to a recent disclosure with the SEC. They sold 1,017 shares and now own 9,034 shares of the chipmaker, worth $399,000. Other hedge funds have also adjusted their positions in Intel, with most increasing their stakes. Analysts … Read more