Broadcom Inc. saw its shares fall by 2.5% along with other AI-related names, despite an increase in price target by BofA Global Research. BofA analysts raised Broadcom’s price target to $2,150 from $2,000, citing the company’s transformation from a value stock to a growth stock driven by AI and its recent acquisition of VMware. Analysts … Read more
As investors gear up for the trading week ahead, there are several prominent companies that will likely be in the spotlight on Monday. Target, Meta (formerly Facebook), Coinbase, Nvidia, and Apple are all stocks that are worth keeping an eye on. Target, the popular retail chain, has been experiencing strong sales growth and recently reported … Read more
Investors are closely monitoring the recent correction in the semiconductor sector, particularly in relation to NVIDIA (NASDAQ: NVDA), which experienced a 10% pullback in its last two trading days. Some investors view this dip as a strategic entry point to buy, while others are reevaluating their positions in NVDA. Shawn Tully, a stock market analyst, … Read more
Goldman Sachs recently initiated coverage of IBM with a Buy rating and a $200.00 price target, citing the company’s strategic shift towards long-term growth in infrastructure software assets, particularly in open source and AI. The firm sees strong synergy between IBM’s software portfolio and consulting business, driving business transformation and potential stock re-rating. Goldman Sachs … Read more
Shares of Nutanix, Inc. (NASDAQ: NTNX) have received a “Moderate Buy” rating from fifteen research firms. Among the analysts covering the stock, four rated it as a hold, while eleven recommended buying the shares. The average target price over the next twelve months is $72.00. Recently, several research analysts have provided their insights on Nutanix. … Read more
The technology company Nutanix, listed on NASDAQ as NTNX, had its target price lowered by Morgan Stanley from $72.00 to $62.00 in a recent research report. This adjustment prompted a number of other research analysts to issue their own reports on the stock. Raymond James upgraded Nutanix to an outperform rating and increased their target … Read more
Nvidia’s rapid rise in the technology sector has left investors wondering if anything can stop it from further growth. The company recently surpassed Microsoft in market value, making it the world’s most valuable company, and its stock has seen significant gains over the past decade. Analysts at Bank of America see potential for Nvidia to … Read more
Investment analysts at Bank of America have increased their price target for Hewlett Packard Enterprise (HPE) from $22.00 to $24.00, while maintaining a “neutral” rating on the company’s stock. This new price target suggests a potential upside of 15.89% from the current price of HPE. Other analysts, including Barclays, Sanford C. Bernstein, Evercore ISI, UBS … Read more
On Friday, Morgan Stanley decreased the target price for Nutanix stock from $72.00 to $62.00 while maintaining an “equal weight” rating. Other analysts have also adjusted their price targets, with Raymond James raising it to $76.00 and assigning an “outperform” rating. KeyCorp, Susquehanna, and Bank of America have also updated their ratings, resulting in a … Read more
Citi analysts recently raised their price target for Microsoft to $520 from $495 while maintaining a Buy rating on the stock. They noted that the latest news from OpenAI has been a positive indicator for Microsoft’s Azure platform, but expressed concerns that expenses might be underestimated. OpenAI has been making headlines for doubling its annualized … Read more