Bank of America: Raised Alphabet (NASDAQ:GOOGL) price target to $125 with a buy rating

/ / Technology / ,

Bank of America Securities released a report that Alphabet (NASDAQ:GOOGL) net income in the fourth quarter of last year was $63.1 billion, less than market expectations of $63.6 billion; Among them, YouTube revenue was worse than expected, further slowing down from 2% year-on-year in the third quarter to 8% year-on-year in the fourth quarter, mainly due to the further decline in advertising expenditure. Quarterly GAAP operating income and earnings per share were $18.2 billion and $1.05, respectively, also below market expectations of $18.6 billion and $1.18. The bank mentioned that although the group’s revenue was under pressure, the lower than expected cost of R&D and sales and marketing in the quarter, coupled with layoffs and lower server depreciation, could generate higher gross margin and stable earnings per share. Bank of America Securities raised its target price on Alphabet to $125 from $119 and maintained its buy rating.

Bank of America: Raised Alphabet (NASDAQ:GOOGL) price target to $125 with a buy rating Read Post »

Morgan Stanley: Raised Qualcomm (NASDAQ:QCOM) price target to $145 with an overweight rating

/ / Technology / ,

Morgan Stanley reported that Qualcomm’s (NASDAQ:QCOM) growth guidance for the quarter ending March was roughly in line with market expectations, which is expected to help alleviate investor anxiety, but the company’s management also stressed that the difficult operating environment will persist, so it lowered its forecast for the quarter ending June accordingly. Revenue forecast for fiscal 2023 ended September this year decreased to $36,924 million from $38,579 million, and non-GAAP earnings per share forecast of $9.04, taking into account a low-double-digit decline in the patent licensing business (QTL) and a decline of more than 15% in the semiconductor business (QCT). The bank expects Qualcomm to achieve meaningful inventory digestion in the first half of this year, and expects to improve its operations in the second half of this year, and instead raises its target price from $126 to $145 based on its 2024 operating forecast.

Morgan Stanley: Raised Qualcomm (NASDAQ:QCOM) price target to $145 with an overweight rating Read Post »

UBS: Raised Amazon (NASDAQ:AMZN) price target to $127 with a Buy rating

/ / Consumer Discretionary / ,

UBS published a research report that Amazon (NASDAQ:AMZN) had mixed results in the fourth quarter of last year, with the retail business stronger than expected; AWS’s revenue growth fell sharply in January, and the company expects the business to experience a slowdown of several quarters before the economic environment stabilizes, which may affect margin performance. UBS expects that unless AWS’s performance becomes more stable, it will be difficult for the stock price to recover in the short term. Driven by the retail business, UBS has improved its outlook for this year and next, with its overall revenue forecast for this year rising from US$538 billion to US$555 billion and EBIT forecasts raising to US$22 billion. The revenue forecast for the first quarter of this year was raised to $124 billion, while the EBIT forecast was raised to $3.8 billion from $1.5 billion. The price target was raised to $127 from

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UBS: raised Alphabet (NASDAQ:GOOGL) Target price to $120 Buy rating

/ / Technology / ,

UBS released a research report that Alphabet (NASDAQ:GOOGL) has revealed a more cautious approach, so its view of the short-term financial risks caused by the development of artificial intelligence generation has improved slightly, but at the same time, the company’s capital expenditure on infrastructure technology has increased, reflecting that it is preparing for more computing needs, and overall believes that Alphabet is still not out of trouble, and the macroeconomy is expected to continue to bring pressure. UBS maintained its Buy rating and raised its price target from $110 to $120 supported by higher valuations, corresponding to a price-to-earnings ratio of about 20 times unchanged.

UBS: raised Alphabet (NASDAQ:GOOGL) Target price to $120 Buy rating Read Post »

JPMorgan: Raised Amazon (NASDAQ:AMZN) price target to $142 with an overweight rating

/ / Consumer Discretionary / ,

J.P. Morgan reported that Amazon (NASDAQ:AMZN) cloud services (AWS) growth slowed and profit margins were under pressure, but at the same time, better-than-expected retail revenue and improved leverage levels offset the impact, making the company’s fourth-quarter results last year and the outlook for the first quarter of this year mixed. Amazon CEO Andy Jassy revealed that he will focus on customers and reduce costs as a top priority, while not giving up long-term strategic investments and reducing costs and increasing efficiency. J.P. Morgan expects that the poorer-than-expected growth of AWS in the first quarter of this year, coupled with the pressure on margins in the fourth quarter of last year, will exacerbate concerns about the development of cloud business, but still believes that retail growth can accelerate this year, while looking forward to the recovery of operating profit in North America and the year-on-year decline in capital expenditure, which will

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Jefferies: Raised Alphabet (nasdaq:GOOGL) price target from $125 to $130 with a Buy rating

/ / Technology / ,

Jefferies said Alphabet (nasdaq:GOOGL) is still challenging in its fourth quarter. Weak ad spend and foreign exchange headwinds resulted in a lower single-digit margin than expected in the advertising segment, but overall revenue was in line with expectations due to hardware and YouTube subscription growth. The bank is encouraged by the company’s increased focus on costs and monetization of AI assets. The bank said that the group’s core search business can still attract increased advertising revenue as it shifts to digital and mobile, and Google Cloud will be another breakthrough for the group as YouTube is the best platform to take advantage of online video. The bank raised its price target by 21% to $130 with a buy rating.

Jefferies: Raised Alphabet (nasdaq:GOOGL) price target from $125 to $130 with a Buy rating Read Post »

Amgen Inc. (NASDAQ:AMGN): The acquisition of Horizon Therapeutics is expected to be completed in the first half of the year

/ / Health Care /

On February 6, Amgen Inc.  (NASDAQ:AMGN) announced its fourth quarter and full year 2022 financial results. For the fourth quarter of 2022, the Company generated total revenue of $6.8 billion and GAAP earnings per share of $3.00, and for the full year 2022, total revenue of $26.3 billion and GAAP earnings per share of $12.11. Amgen said it expects to complete the acquisition of Horizon Therapeutics in the first half of this year.

Amgen Inc. (NASDAQ:AMGN): The acquisition of Horizon Therapeutics is expected to be completed in the first half of the year Read Post »

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

/ / Technology / ,

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 »

Barclays: Raised Starbucks (NASDAQ:SBUX) price target to $123 Maintain an “overweight” rating

/ / Consumer Discretionary / ,

Barclays analyst Jeffrey Bernstein raised its Starbucks (NASDAQ:SBUX) price target to $123 from $121 and maintained an “overweight” rating. Starbucks had strong U.S. same-store sales growth in the fiscal first quarter, in line with consensus expectations, but lower-than-expected same-store sales in China had some impact on margins and profits, the analyst said. Still, Starbucks reiterated its fiscal 2023 guidance, showing the company’s confidence in growth momentum in the rest of the world and an upturn in the Chinese market.

Barclays: Raised Starbucks (NASDAQ:SBUX) price target to $123 Maintain an “overweight” rating Read Post »

Estée Lauder (NYSE:EL) revenue of $4.62 billion in Q2 2023, YoY-16.59%

/ / Consumer Discretionary /

Estée Lauder (NYSE:EL) Stock price trend forecast , price target , Support price , stop loss price , resistance price , trading range: 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 : $260 – $280 Support: $260  resistance: $280 Stop Loss Price: $260 price target: $280 Buy the position again: stop fall and rise to $260 Medium-term trend: bullish High sell low buy range: none Support: 60-day moving average price resistance: $280 Stop Loss price: 60-day moving average price price target: $280 Buy the position again: stop fall and rise to 60-day moving average price Long-term trend: bullish High sell low buy of range: none Support : 60-day moving average price resistance: $280 Stop Loss price: 60-day moving average price price

Estée Lauder (NYSE:EL) revenue of $4.62 billion in Q2 2023, YoY-16.59% Read Post »

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