Technology

Goldman Sachs: Raised Meta Platforms (NASDAQ:META) annual revenue forecast to $215

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Goldman Sachs published a research report that as Meta Platforms (NASDAQ:META) further shakes off the industry and its own headwinds in the past year and a half, coupled with continued investment and execution in areas such as artificial intelligence and automation, and the company’s management reiterates that operating and capital expenditures will be more moderate this year, shares are expected to emerge from the decline and continue to recover. Goldman Sachs raised its first-quarter revenue forecast for Meta to $28.26 billion from $27.96 billion, EBITDA and earnings per share to $9.34 billion and $2.13, and raised its revenue forecast for this year to $123.39 billion from $122.8 billion and EBITDA and earnings per share to $43.48 billion and $10.2 respectively. Based on the outlook and earnings forecast adjustments, the bank also raised its Meta price target to $215 from $164, reiterating its “buy” rating.

Goldman Sachs: Raised Meta Platforms (NASDAQ:META) annual revenue forecast to $215 Read Post »

Morgan Stanley raised Qualcomm’s (NASDAQ:QCOM) price target to $145 a share from $126

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Qualcomm’s (NASDAQ:QCOM) higher inventory, which is a result of lower customer demand, may be a challenge for the company in the second quarter, according to analysts at Morgan Stanley. Morgan Stanley said it is lowering its 2023 revenue estimate for the semiconductor company to $36.924 billion from its previous forecast of $38.579 billion. The firm also lowered its estimates for adjusted EPS to $9.04 from $9.97. “As we think about FY23 revenue, we are modeling low double-digit declines in royalties, and high teens declines in semiconductors, largely reflecting a meaningful inventory digestion in the first half of the year,” the analysts said. Morgan Stanley still raised its price target on Qualcomm’s (NASDAQ:QCOM) stock to $145 a share from $126, while maintaining its overweight rating.

Morgan Stanley raised Qualcomm’s (NASDAQ:QCOM) price target to $145 a share from $126 Read Post »

Bank of America: Second half results may be stronger Reaffirms Qualcomm’s (NASDAQ:QCOM) “buy” rating

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Bank of America Securities analyst Tal Liani said Qualcomm’s (NASDAQ:QCOM) first-quarter results were expected, but market expectations were low and the environment would begin to improve. The analyst expects Qualcomm’s stronger results in the second half of the year and believes that expectations may have bottomed out. Given this, Liani reiterated a “buy” rating on the stock with a $150 price target.

Bank of America: Second half results may be stronger Reaffirms Qualcomm’s (NASDAQ:QCOM) “buy” rating Read Post »

Qualcomm Inc.(NASDAQ:QCOM) Fiscal Q1 Non-GAAP Earnings, Revenue Fall

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Qualcomm Inc.(NASDAQ:QCOM) reported  fiscal Q1 non-GAAP earnings of $2.37 per diluted share, down from $3.23 a year earlier. Analysts polled by Capital IQ expected $2.35. Revenue for the quarter ended Dec. 25 was $9.46 billion, down from $10.71 billion a year earlier. Analysts polled by Capital IQ expected $9.57 billion. The company said it expects fiscal Q2 non-GAAP diluted EPS of $2.05 to $2.25. Analysts polled by Capital IQ expect $2.24. The company expects revenue for the quarter of $8.7 billion to $9.5 billion. Analysts polled by Capital IQ expect $9.41 billion.

Qualcomm Inc.(NASDAQ:QCOM) Fiscal Q1 Non-GAAP Earnings, Revenue Fall Read Post »

Qualcomm Inc.(NASDAQ:QCOM) revenue of $9.463 billion in Q1 2023, YoY-12%

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Qualcomm Inc.(NASDAQ:QCOM) Stock price trend forecast and trading range: The mid-term low of $101.18 will not be a final bottom, and the probability of moving below is very high, focusing on the next earnings report. Updated to: 2023.2.3 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $130 – $140 Support: $110 resistance: $122 Stop Loss Price: $112 price target: $122 Buy the position again: stop fall and rise to $110 Medium-term trend: bullish High sell low buy range: $125 – $140 Support: $125 resistance: $140 Stop Loss price: $125 price target: $140 Buy the position again: stop fall and rise to $125 Long-term trend: bullish High sell low buy of range: none Support : $101 resistance: $140 Stop Loss price: none price target

Qualcomm Inc.(NASDAQ:QCOM) revenue of $9.463 billion in Q1 2023, YoY-12% Read Post »

Apple may launch the new high-end model “Ultra” of the iPhone in 2024

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Apple is considering further raising the price of high-end iPhone models, rather than simply renaming the Pro Max to Ultra. It is reported that Apple is discussing adding an “Ultra” high-end model to the Pro Max of the iPhone 16 series in 2024 or as soon as possible. It’s unclear what features the new high-end model offers, but speculation is likely to have larger screens, better cameras and more advanced chip designs.

Apple may launch the new high-end model “Ultra” of the iPhone in 2024 Read Post »

Apple Inc.(NASDAQ:AAPL) revenue of $117.154 billion in Q1 2023, YoY-5.48%

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Apple Inc.(NASDAQ:AAPL) Stock price target trend forecast and trading range analysis: Updated to: 2023.2.3 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $145 – $160 Support: $145 resistance: $160 Stop Loss Price: $145 price target: $160 Buy the position again: stop fall and rise to $145 Medium-term trend: bullish High sell low buy range: $140 – $160 Support: $140 resistance: $160 Stop Loss price: $140 price target: $160 Buy the position again: stop fall and rise to $140 Long-term trend: bullish High sell low buy of range: $125 – $160 Support : $125 resistance: $160 Stop Loss price: none price target : $160 Buy the position again: stop fall and rise to $125 From Analysis from financial statements: In Q1 2023, revenue of

Apple Inc.(NASDAQ:AAPL) revenue of $117.154 billion in Q1 2023, YoY-5.48% Read Post »

Oppenheimer: Upgraded Alphabet Inc.(NASDAQ:GOOGL) with a price target of $155 Maintain an “Outperform” rating

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Google’s parent company Alphabet Inc.(NASDAQ:GOOGL) After the Q4 results, Oppenheimer analyst Jason Helfstein raised his price target to $155 from $130, maintaining an “outperform” rating. The analyst said in a research note that the weak macro environment eventually affected Alphabet’s search business. The 4% decrease in the company’s net advertising revenue due to layoffs may be offset by lower operating expenses and reduced losses on Google Cloud Platform.

Oppenheimer: Upgraded Alphabet Inc.(NASDAQ:GOOGL) with a price target of $155 Maintain an “Outperform” rating Read Post »

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