Mobileye expects revenue from assisted driving products to reach $17 billion by 2030

/ / Technology /

Intel’s self-driving company Mobileye Global said Thursday that its advanced driver assistance systems (ADAS) products will generate more than $17 billion in revenue by 2030. Mobileye said it will continue to test its self-driving car technology in 2023, expecting to reach 1.2 million vehicles based on its latest SuperVision product by 2026.

Mobileye expects revenue from assisted driving products to reach $17 billion by 2030 Read Post »

Tigress Financial: Reiterating Apple’s (NASDAQ:AAPL) Strong Buy rating with a price target of $210

/ / Technology /

Tigress Financial analyst Ivan Feinseth told investors in a research note that Apple’s recent production headwinds provide investors with a long-term buying opportunity. The analyst said the company’s “large” installed user base, expanding ecosystem and growing service revenue will continue to drive accelerating trends and create greater shareholder value. He said that Apple is still innovating, constantly introducing new products and preparing to launch a mixed reality headset in early 2023. The analyst reiterated a strong buy rating on the stock, with a $210 price target.

Tigress Financial: Reiterating Apple’s (NASDAQ:AAPL) Strong Buy rating with a price target of $210 Read Post »

Lululemon Athletica Inc. (NASDAQ:LULU) Stock price trend forecast and trading range -2023.1.9

/ / Consumer Discretionary /

Lululemon Athletica Inc. (NASDAQ:LULU) Stock price trend forecast and trading range: I personally sold my position at $334 and escaped today’s big decline. Updated to: 2023.1.9 (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: down Sell high and buy low of range : $285 – $300 Support: $280 resistance: $300 Stop Loss Price: $280 price target: $300 Buy the position again: stop fall and rise to $280 Medium-term trend: down High sell low buy range: $285 – $300 Support: $280 resistance: $300 Stop Loss price: $280 price target: $300 Buy the position again: stop fall and rise to $280 Long-term trend: rebound High sell low buy of range: $250 – $350 Support : $250 resistance: $350 Stop Loss price: $250 price target : $350 Buy the position again: stop fall From Analysis

Lululemon Athletica Inc. (NASDAQ:LULU) Stock price trend forecast and trading range -2023.1.9 Read Post »

lululemon athletica (NASDAQ:LULU) expects revenue will be in the range of $2.660 billion to $2.700 billion in Q4 2022

/ / Consumer Discretionary /

January 9, 2023 – lululemon athletica inc. (NASDAQ:LULU) today announced that, for the fourth quarter of fiscal 2022, the Company now expects that net revenue will be in the range of $2.660 billion to $2.700 billion, representing a 25%-27% increase compared to the fourth quarter of fiscal 2021. The previous guidance range was $2.605 billion to $2.655 billion. Diluted earnings per share are now expected to be in the range of $4.22 to $4.27 for the fourth quarter of fiscal 2022 compared to the Company’s previous guidance range of $4.20 to $4.30. The Company also said it now expects gross margin for the fourth quarter of fiscal 2022 to decline 90-110 basis points compared to its previous expectation for an increase of 10-20 basis points. However, the Company now expects that it will further leverage selling, general and administrative expenses 100-120 basis points compared to its previous expectation of 30-50 basis

lululemon athletica (NASDAQ:LULU) expects revenue will be in the range of $2.660 billion to $2.700 billion in Q4 2022 Read Post »

Roku (NASDAQ:ROKU) to Post Q1 2023 EPS of $1.59 at William Blair Forecasts

/ / Telecommunications /

Roku, Inc. (NASDAQ:ROKU) Equities researchers at William Blair lowered their Q1 2023 earnings estimates for shares of Roku in a report issued on Wednesday, January 4th. William Blair analyst R. Schackart now forecasts that the company will post EPS of $1.59 for the quarter, down from their previous forecast of ($1.55). The consensus estimate for Roku’s current full-year earnings is $3.66.

Roku (NASDAQ:ROKU) to Post Q1 2023 EPS of $1.59 at William Blair Forecasts Read Post »

Jefferies: Maintain Salesforce (NYSE:CRM) with a buy rating and a $230 price target

/ / Technology / ,

After Salesforce (NYSE:CRM) announced its restructuring plan, including cutting about 10 percent of its workforce, Jefferies analyst Brent Thill said he saw the plan as “a step in the right direction” that would lead to higher medium-term profit margins. He added that management is expected to provide more information on the impact of the macro environment when it provides initial guidance for fiscal 2024 next quarter. The analyst believes that Wall Street’s 10.5% growth forecast for its fiscal 2024 is still too high, but buyers’ expectations have been diluted. He forecasts a top-line compound growth rate of 15% to $46 billion through fiscal 2026, maintaining a buy rating and $230 price target on the stock.

Jefferies: Maintain Salesforce (NYSE:CRM) with a buy rating and a $230 price target Read Post »

Exxon Mobil (NYSE:XOM) said strong fourth-quarter profit growth would hit an annual record

/ / Energy /

Exxon Mobil Corp (NYSE:XOM) said Wednesday that fourth-quarter operating profit growth was strong, reaching about $15.4 billion, a record high for 2022. The largest U.S. oil producer said in a filing that its huge profits in previous quarters had cooled. But preliminary operating results confirm that 2022 was ExxonMobil’s best fiscal year, with a profit of about $58 billion.

Exxon Mobil (NYSE:XOM) said strong fourth-quarter profit growth would hit an annual record Read Post »

Apple Reportedly to Replace Broadcom Chips, Qualcomm Parts With Its Own Components

/ / Technology / , ,

Apple (NASDAQ:AAPL) reportedly plans to replace Broadcom chips used in its devices with in-house designed parts in 2025, Bloomberg reported, citing unidentified people familiar with the matter. A combined Wi-Fi and Bluetooth chip would replace Broadcom’s parts, the report said. The company also targets to swap out electronics from Qualcomm Inc. after preparing its first cellular modem chip by the end of 2024, or early 2025, Bloomberg added. Apple is Broadcom’s largest customer and represented 20% of the chipmaker’s revenue in the last fiscal year, accounting for about $7 billion. Up to 22%, or $10 billion, of Qualcomm’s annual sales, are linked to Apple. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Apple Reportedly to Replace Broadcom Chips, Qualcomm Parts With Its Own Components Read Post »

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