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RBC Capital Keeps Their Buy Rating on NOV (NOV)

RBC Capital Keeps Their Buy Rating on NOV (NOV)

Business Insider13 hours ago

In a report released yesterday, Keith Mackey from RBC Capital maintained a Buy rating on NOV (NOV – Research Report), with a price target of $19.00. The company's shares closed yesterday at $13.00.
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According to TipRanks, Mackey is a 5-star analyst with an average return of 16.9% and a 56.70% success rate. Mackey covers the Energy sector, focusing on stocks such as Baker Hughes Company, Patterson-UTI, and Atlas Energy Solutions.
Currently, the analyst consensus on NOV is a Hold with an average price target of $15.69.
NOV market cap is currently $4.82B and has a P/E ratio of 8.72.

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The AI boom has opened up new opportunities in tech, and investors have not been shy about buying in. But – some due diligence is needed, because not all of the openings in AI-related tech will bring the strongest returns. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter One area that does stand out is NAND chips – the non-volatile, high-density memory storage technology that powers everything from smartphones to data centers. These chips are not only essential to solid-state drives but are also increasingly critical to the infrastructure supporting AI and cloud applications. With global demand rising – driven by orders for high-capacity AI servers, expanding cloud services, and the growing footprint of IoT – NAND looks like a compelling investment play. Recognizing this trend, Bank of America is pounding the table on select NAND chip stocks. Its analysts are especially bullish on mid-cap names in the space, seeing them as well-positioned to capture gains as the AI tailwinds grow stronger. With that in mind, we turned to the TipRanks database to check the broader Wall Street sentiment on two of BofA's top picks. Let's take a closer look. Silicon Motion (SIMO) Silicon Motion, the first stock that we'll look at here, is one of the chip industry's smaller players, with a market cap of $2.36 billion and $803 million in total revenue last year. The American-Taiwanese company focuses on designing and producing NAND chips for SSD controllers, and it leads the market in SSDs for servers, PCs, and other client devices. Silicon Motion also supplies the customized high-performance SSD solutions required by hyperscale data center and industrial customers, and its enterprise customers include a wide range of OEMs, NAND flash vendors, and storage device module providers. This past May, Silicon Motion highlighted some of its latest SSD controllers at the COMPUTEX 2025 expo in Taipei. The controllers were the SM2504XT and the SM2324; the first is an ultra-low-power PCIe Gen5 DRAM-less unit that offers industry-leading efficiency, and the second is the world's first true single-chip portable SSD controller capable of supporting USB4. In addition, earlier in May, Silicon Motion secured a partnership with Nvidia for its MonTitan SSD. This is a strategic move that puts Silicon Motion's MonTitan SSD line in the pipeline for Nvidia's AI products. Silicon Motion is aiming for a $1 billion revenue run-rate by the end of this year. 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SanDisk makes and distributes thumb drives for USB-A, USB-C, and micro USB in a wide range of capacities, from small 16-gig units to larger 128-gig devices. In addition, the company manufactures memory cards: SD and microSD, CF, CFast, and CFexpress. The company's USB drives and memory cards have found uses with gaming, digital cameras, drones, and in smartphones and tablets. Finally, SanDisk's flagship product line is its array of SSDs, designed for internal, external, or portable uses, as well as to enterprise performance standards. Supporting all of this, SanDisk also markets a wide variety of accessories and peripherals, including card readers, docks, phone adapters, and wire chargers. Some basic numbers will show the scale of SanDisk's operations. The company has more than 10,000 employees working in over 30 countries around the world and protects its intellectual properties with more than 11,000 patents in various global jurisdictions. 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(To watch Beck's track record, click here) This stock has earned a Moderate Buy consensus rating from the Wall Street analysts, whose 27 recent reviews here break down to 19 Buys and 8 Holds. The shares are currently priced at $237.40 and the recent share appreciation has powered that price right past the average price target of $222.15. Given the discrepancy, it will be interesting to see whether analysts raise their targets or downgrade their ratings shortly. (See DASH stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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