JPMorgan Chase: Raised Meta Platforms (NASDAQ:META) price target to $225 from $150

/ / Technology / ,

JPMorgan Chase & Co. pointed out that Meta Platforms (NASDAQ:META) exceeded expectations in Q4 last year, and CEO Zuckerberg designated 2023 as the “year of efficiency”, in sharp contrast to last year’s Q3 earnings report, and believes that its current internal policy will promote long-term development. The bank pointed out that the results showed that Meta performed well in a challenging macro environment, with improved e-commerce ad spending, strong growth in Instagram short video platforms Reels and click-through advertising (CTM), innovation driven by artificial intelligence technology, and changes in platform privacy protection measures. Lower costs have been the biggest driver in the near term, with Meta expecting total spending to fall by $5 billion this year to $89 billion to $95 billion, beating expectations. Xiaomo said that it remained bullish on Meta, raising its target price to $225, corresponding to the 2024 GAAP EPS forecast of about 17.5 times, reiterating […]

JPMorgan Chase: Raised Meta Platforms (NASDAQ:META) price target to $225 from $150 Read Post »

Bank of America Securities: Lowered Pfizer (NYSE:PFE) price target to $50 with neutral rating

/ / Health Care / ,

Bank of America Securities released a research report saying that Pfizer’s (NYSE:PFE) guidance for this year’s results indicates that the company expects pandemic-related revenue to decline by more than 60%, resulting in total revenue falling about 30% from the middle of the guidance. The bank said that while it was not surprised by the slowdown in demand, the magnitude of the decline and profit margins affected EPS guidance. Non-COVID-related revenues were also weaker, partially offset by poor performance on the Ibrance and Eliquis franchises. The bank believes investors have been focusing on non-COVID-related businesses given the uncertainty surrounding growth prospects in the post-pandemic period. The report mentioned that Pfizer highlighted several upcoming products that may improve investor sentiment. However, the bank believes they are unlikely to ease growth concerns. The bank continues to be cautious about the group’s long-term growth prospects, with revenue expected to grow at a CAGR of

Bank of America Securities: Lowered Pfizer (NYSE:PFE) price target to $50 with neutral rating Read Post »

Bank of America Securities: Raised Alphabet (NASDAQ:GOOGL) price target to $119, rating buy

/ / Technology / ,

Bank of America Securities reported that Alphabet (NASDAQ:GOOGL) is expected to have revenue of $63.6 billion in the fourth quarter of last year and GAAP earnings per share of $1.20, while lower interest income is still putting pressure on earnings per share, and that the company’s core profit margin in the fourth quarter of last year is expected to fall by 566 basis points year-on-year as the number of employees grows more than surveyed. The bank raised its revenue forecast for the year by 1% to $254.2 billion, up 8% year-on-year, EBITDA by 4% to $121 billion, and GAAP EPS by 3% to $5.4, and raised its price target to $119 from $116, reiterating its Buy rating.

Bank of America Securities: Raised Alphabet (NASDAQ:GOOGL) price target to $119, rating buy Read Post »

Costco Wholesale (NASDAQ:COST) January sales of $16.84 billion, up 6.9% year-over-year

/ / Consumer Discretionary /

US warehouse chain Costco Wholesale (NASDAQ:COST) announced on February 1 local time that sales in January increased by 6.9% year-on-year to $16.84 billion, but e-commerce sales fell by 15.4%. In the 22 weeks ending Jan. 29, Costco sales rose 7.5 percent to $99 billion, with same-store sales up 6 percent.

Costco Wholesale (NASDAQ:COST) January sales of $16.84 billion, up 6.9% year-over-year Read Post »

Meta Platforms  (NASDAQ:META) Q4 2022 revenue of $32.16 billion, YoY-4.47%

/ / Technology /

Meta Platforms  (NASDAQ:META) Stock price trend forecast and trading range: Updated to: 2023.2.1 (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 : $140 – $180 Support: $140 resistance: $180 Stop Loss Price: $140 price target: $180 Buy the position again: stop fall and rise to $140 Medium-term trend: bullish High sell low buy range: $140 – $190 Support: $140 resistance: $190 Stop Loss price: $140 price target: $190 Buy the position again: stop fall and rise to $140 Long-term trend: bullish High sell low buy of range: $140 – $200 Support : $140 resistance: $200 Stop Loss price: $140 price target : $200 Buy the position again: stop fall and rise to $140 From Analysis from financial statements: From the analysis of financial statements,

Meta Platforms  (NASDAQ:META) Q4 2022 revenue of $32.16 billion, YoY-4.47% Read Post »

Microsoft Corp. (NASDAQ:MSFT) revenue of $52.7 B in Q2 2023, YoY+2%

/ / Technology /

Microsoft Corp. (NASDAQ:MSFT) Stock price trend forecast and trading range: Updated to: 2023.2.1 (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 : $240 – $260 Support: $240 resistance: $260 Stop Loss Price: $240 price target: $260 Buy the position again: stop fall and rise to $240 Medium-term trend: bullish High sell low buy range: $230 – $260 Support: $240 resistance: $260 Stop Loss price: $240 price target: $260 Buy the position again: stop fall and rise to $240 Long-term trend: bearish High sell low buy of range: $220 – $280 Support : $220 resistance: $280 Stop Loss price: $220 price target : $280 Buy the position again: stop fall and rise to $220 From Analysis from financial statements: Microsoft Posts Q2 EPS of $2.32

Microsoft Corp. (NASDAQ:MSFT) revenue of $52.7 B in Q2 2023, YoY+2% Read Post »

Mizuho: Maintain AMD (NASDAQ:AMD) “Buy” rating and lower its price target to $90

/ / Technology / ,

Mizuho analyst Vijay Rakesh lowered AMD (NASDAQ:AMD) price target to $90 from $95 and maintained a “buy” rating. The analyst told investors in a research note that the company posted results in line with expectations and expects the March quarter to be “better than expected.” The company believes AMD’s short-term margins may weaken as data center growth slows, but expects some improvement in the second half of 2023.

Mizuho: Maintain AMD (NASDAQ:AMD) “Buy” rating and lower its price target to $90 Read Post »

AMD’s Q4 Non-GAAP EPS Drops, Revenue Rises

/ / Technology /

01/31/2023 AMD (NASDAQ:AMD) reported Tuesday Q4 non-GAAP earnings of $0.69 per diluted share, down from $0.92 a year earlier. Analysts polled by Capital IQ expected $0.67. Revenue for the quarter ended Dec. 31, 2022, was $5.6 billion, up from $4.83 billion a year earlier. Analysts surveyed by Capital IQ expected $5.52 billion. The company said it expects Q1 revenue to be about $5.3 billion, plus or minus $300 million. Analysts polled by Capital IQ expect $5.51 billion.

AMD’s Q4 Non-GAAP EPS Drops, Revenue Rises Read Post »

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