Latest news with #AaronRakers
Globe and Mail
3 days ago
- Business
- Globe and Mail
DELL Stock Slides despite Praise from Wall Street
Yesterday, Dell Technologies (DELL) reported strong revenue results and provided a positive outlook, which suggests that the company is handling tariff issues effectively and increasing its share of the AI market. However, shares of the tech company are down at the time of writing. This is despite also receiving analyst praise for its performance and ability to benefit from increased AI spending in a tough economic environment. Confident Investing Starts Here: 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 Indeed, five-star Evercore ISI analyst Amit Daryanani, who rates Dell as Outperform with a $140 price target, said that Dell managed to limit the impact of tariffs and kept prices stable, unlike some of its competitors. He also pointed out that Dell's AI server business is growing fast, as its backlog increased by $5 billion from the previous quarter to $14.4 billion. As a result, he believes that customers are willing to pay more for Dell's strong supply chain and better execution, which should help the company gain market share even as a premium provider. Separately, five-star Wells Fargo analyst Aaron Rakers also kept an Overweight rating and a $150 price target on the stock. He said that Dell's results and outlook support the idea that the company is well-positioned for Nvidia's (NVDA) upcoming Blackwell chip cycle. Rakers also noted that Dell is handling its supply chain well, benefiting from a wave of commercial PC upgrades, and generating healthy free cash flow, which it is using to give money back to shareholders. Is DELL Stock a Buy? Overall, analysts have a Strong Buy consensus rating on DELL stock based on 10 Buys, one Hold, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average DELL price target of $134.55 per share implies 20% upside potential.
Yahoo
4 days ago
- Business
- Yahoo
NetApp Q1 Outlook Falls Short, Analyst Lowers Price Forecast
NetApp, Inc. (NASDAQ:NTAP) reported fiscal fourth-quarter results on Thursday. The company reported quarterly sales of $1.73 billion (+4% year over year), beating the Street view of $1.72 billion. The company reported adjusted earnings per share of $1.93, beating the analyst consensus estimate of $1.90. Following the results, Wells Fargo analyst Aaron Rakers maintains NetApp with an Equal Weight rating, lowering the price forecast from $115 to $ analyst David Vogt reiterated the Neutral rating on the stock, decreasing the price forecast from $115 to $108. In the fourth quarter, Hybrid Cloud segment revenue rose to $1.57 billion, up from $1.52 billion in the fourth quarter of fiscal 2024. Public Cloud segment revenue reached $164 million, compared to $152 million in the prior-year quarter. Quarterly billings reached $2.03 billion, up from $1.81 billion in the fourth quarter of fiscal 2024, marking a 12% year-over-year increase. The company reported operating cash flow of $675 million, compared to $613 million in the fourth quarter of fiscal year 2024. The company reported cash and equivalents of $3.85 billion at the end of the fourth quarter of fiscal year 2025. In the fourth quarter, NetApp returned $355 million to its stockholders through a combination of share repurchases and cash dividends, it said in a press release. According to George Kurian, CFO of NetApp, fiscal year 2025 saw numerous revenue and profitability records for NetApp. This success was attributed to significant market share gains in all-flash storage and the accelerating growth of their first-party and marketplace storage services. Kurian also noted the company's strategic moves during the year, including a refresh of their entire systems portfolio, a sharper focus on cloud services, and positioning to lead in the enterprise AI market. Looking ahead to fiscal year 2026, he expressed confidence in continued long-term growth, citing the company's strongest portfolio to date, a differentiated value proposition, and ongoing innovation and market expansion following a year of market share gains. NetApp expects first-quarter adjusted EPS to range between $1.48 and $1.58, below the $1.65 estimate. The company forecasts first-quarter revenue between $1.455 billion and $1.605 billion, compared to the $1.61 billion consensus. NetApp projects FY2026 adjusted EPS between $7.60 and $7.90, compared to the $7.72 estimate. The company expects revenue between $6.625 billion and $6.875 billion, versus the $6.86 billion consensus. Price Action: NTAP shares are trading lower by 0.51% to $98.71 at last check Friday. Read Next:Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? NETAPP (NTAP): Free Stock Analysis Report This article NetApp Q1 Outlook Falls Short, Analyst Lowers Price Forecast originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
Yahoo
23-05-2025
- Business
- Yahoo
NVIDIA (NVDA)'s NVLink Tech in Focus, Price Target Set at $185
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks that are making waves this week. NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. On May 21, Wells Fargo analyst Aaron Rakers reiterated an 'Overweight' rating on the stock with a $185.00 price target. Rakers noted that Nvidia's NVLink Technology has growing potential, particularly after the launch of NVLink Fusion. The technology allows third-party custom silicon and CPUs to integrate NVIDIA's memory-coherent NVLink for chip-to-chip interconnect. While some industry reports do suggest that this CPU connectivity isn't something novel, Rakers stressed the role of NVLink interconnect in AI infrastructure. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. NVIDIA's NVLink interconnect offers significant bandwidth advantages over the standard PCIe. In particular, the NVLink version 6, anticipated to be launched in the second half of 2026, is expected to double the bandwidth to 3.6TB/s with Rubin R200 GPUs. Rakers also highlighted how Nvidia is enhancing its competitive edge through its move to externalize NVLink. It is doing so by enabling its Grace and Vera CPUs to connect with custom accelerators and CPUs. Initial partners for the venture include Marvell, Alchip, MediaTek, and Astera Labs, with Synopsys and Cadence. Overall, NVDA ranks 2nd on our list of AI stocks that are making waves this week. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
23-05-2025
- Business
- Yahoo
NVIDIA (NVDA)'s NVLink Tech in Focus, Price Target Set at $185
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks that are making waves this week. NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. On May 21, Wells Fargo analyst Aaron Rakers reiterated an 'Overweight' rating on the stock with a $185.00 price target. Rakers noted that Nvidia's NVLink Technology has growing potential, particularly after the launch of NVLink Fusion. The technology allows third-party custom silicon and CPUs to integrate NVIDIA's memory-coherent NVLink for chip-to-chip interconnect. While some industry reports do suggest that this CPU connectivity isn't something novel, Rakers stressed the role of NVLink interconnect in AI infrastructure. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. NVIDIA's NVLink interconnect offers significant bandwidth advantages over the standard PCIe. In particular, the NVLink version 6, anticipated to be launched in the second half of 2026, is expected to double the bandwidth to 3.6TB/s with Rubin R200 GPUs. Rakers also highlighted how Nvidia is enhancing its competitive edge through its move to externalize NVLink. It is doing so by enabling its Grace and Vera CPUs to connect with custom accelerators and CPUs. Initial partners for the venture include Marvell, Alchip, MediaTek, and Astera Labs, with Synopsys and Cadence. Overall, NVDA ranks 2nd on our list of AI stocks that are making waves this week. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
Globe and Mail
22-05-2025
- Business
- Globe and Mail
‘Time to Ride the AMD AI Wave,' Top Analysts Bullish after ZT Systems Sale
Advanced Micro Devices (AMD) received Buy ratings from Top Wall Street analysts following its $3 billion sale of ZT Systems' manufacturing business to Sanmina (SANM). The move aligns with AMD's long-term AI strategy as it retained ZT's engineering team. Analysts see this as a key step in AMD's push toward rack-scale AI solutions, making AMD stronger against Nvidia (NVDA). Confident Investing Starts Here: Analysts Back AMD's AI Strategy with Buy Ratings Stifel analyst Ruben Roy is bullish on AMD, reaffirming a Buy rating with a $132 price target (16.3% upside). He sees AMD's sale of ZT Systems as part of its strategy to expand AI infrastructure. Roy believes that ZT's 1,200 engineers should help speed up AI system development. Also, he noted that AMD's deal with Sanmina gives it a trusted manufacturing partner for cloud and AI projects, helping AMD stay flexible. Similarly, Wells Fargo (WFC) analyst Aaron Rakers maintained a Buy rating with a $120 price target (5.7% upside), citing long-term AI potential. The deal bolsters AMD's rack-scale AI strategy, especially with Instinct MI400-series GPUs coming in 2026. Also, he noted that AMD may use Sanmina as a key manufacturing partner to speed up AI system deployment for cloud customers. Citi Analyst Sees 12% Downside in AMD Stock At the same time, a Top-rated Citi (C) analyst, Christopher Danely, assigned a Hold rating to AMD stock, with a price target of $100. The key factor influencing Danely's rating is AMD's ZT Systems sale. Originally, AMD acquired ZT Systems for $4.6 billion. However, AMD sold the manufacturing segment to Sanmina for $3 billion. The sale price was much below Citi's expected $5 billion. Nevertheless, Danely expects the deal will help AMD scale in the data center GPU market. Is AMD a Buy or Sell Now? Turning to Wall Street, AMD stock has a Moderate Buy consensus rating based on 22 Buys and nine Holds assigned in the last three months. At $126.55, the average AMD price target implies an 11.49% upside potential. See more AMD analyst ratings Disclaimer & Disclosure Report an Issue
