Latest news with #AmitDaryanani
Business Insider
3 days ago
- Business
- Business Insider
Evercore sees minimal impact to Apple Services from Epic court win
Evercore ISI analyst Amit Daryanani notes that an Australian federal court recently ruled in favor of Epic Games in its court case against Apple (AAPL), finding that Apple and Google (GOOGL) engaged in anti-competitive conduct related to their respective smartphone app stores. The firm, which highlights that Apple management noted minimal impact from the Epic U.S. court ruling from earlier this year on its recent June quarter earnings call, thinks the Australian court ruling comes as no surprise following the U.S. ruling on the Epic lawsuit and expects the headwind related to Australian-based in-app purchases to be limited. Evercore maintains an Outperform rating and $250 price target on Apple shares. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Globe and Mail
15-07-2025
- Business
- Globe and Mail
Hewlett Packard Enterprise (HPE): New Buy Recommendation for This Technology Giant
In a report released yesterday, Amit Daryanani from Evercore ISI maintained a Buy rating on Hewlett Packard Enterprise, with a price target of $25.00. The company's shares closed yesterday at $21.29. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Daryanani is a 5-star analyst with an average return of 15.6% and a 64.29% success rate. Daryanani covers the Technology sector, focusing on stocks such as Apple, Arista Networks, and Hewlett Packard Enterprise. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hewlett Packard Enterprise with a $22.22 average price target, representing a 4.37% upside. In a report released yesterday, Raymond James also reiterated a Buy rating on the stock with a $29.00 price target. See today's best-performing stocks on TipRanks >> Based on Hewlett Packard Enterprise's latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $7.63 billion and a GAAP net loss of $1.08 billion. In comparison, last year the company earned a revenue of $7.18 billion and had a net profit of $314 million Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HPE in relation to earlier this year. Last month, Jeremy Cox, the SVP, Controller & CTO of HPE sold 68,590.00 shares for a total of $1,264,113.70.
Yahoo
09-07-2025
- Business
- Yahoo
Apple (AAPL) AI Chief Jumps to Meta—Evercore Still Bullish With $250 Target
Apple Inc. (NASDAQ:) is one of the . On July 8, Evercore ISI analyst Amit Daryanani reiterated an 'Outperform' rating on the stock with a $250.00 price target. The rating affirmation follows the departure of Apple's key artificial intelligence executive, Ruoming Pang, who left the company for Meta. Pang had been leading Apple's foundational models team since joining from Google back in 2021. He overlooked a team of 100 people who were responsible for developing large language models (LLMs) that power Apple Intelligence and similar AI features. The departure seemingly follows Apple's recent changes in its AI division, under the direction of Mike Rockwell since April. According to Evercore ISI, the leadership changes reportedly had an impact on team morale and eventually led Pang to exit the company. However, the main reason would have likely been compensation in the 'tens of millions' annually offered by the other company. Nevertheless, the firm believes that Apple's approach to AI is 'prudently flexible and cost conscious,' whereby its strategy 'preserves capital and optionality' for various monetization opportunities. Apple is a technology company known for its consumer electronics, particularly the iPhones and MacBooks. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
28-06-2025
- Business
- Yahoo
3 Upcoming Catalysts That Could Propel Arista Networks (ANET) Higher
Arista Networks Inc (NYSE:ANET) is one of the . On June 25, Evercore ISI analyst Amit Daryanani reiterated an 'Outperform' rating on the stock with a $110.00 price target. The firm considers Meta's two-layer scheduled fabric architecture for back-end networks to be a significant opportunity for Arista. It is expected that both Meta and Oracle will increase deployment of the Arista-centric two-layer approach in the second half of this year, utilizing Broadcom's Jericho and Ramon chipsets instead of Tomahawk. A software engineer debugging a complex communications infrastructure. According to the firm, Arista accounts for an estimated 30% of spend in the three-layer architecture versus 100% in the two-layer approach. It is further expected that Arista will secure about 30% of back-end cloud networking spend, driving 'outsized growth in CY25 and beyond.' CY25 guidance updates, OCP announcements from Meta, and Meta revenue percentage disclosure anticipated during fourth-quarter earnings are three catalysts identified by the firm for Arista. Arista Networks Inc (NYSE:ANET) develops, markets, and sells cloud networking solutions. While we acknowledge the potential of ANET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and . Disclosure: None.
Yahoo
25-06-2025
- Business
- Yahoo
Evercore Reaffirms ‘Outperform' on IBM With Strong EPS Forecast
International Business Machines Corporation (NYSE:) is one of the 10 AI Stocks in the Spotlight. On June 20, Evercore ISI analyst Amit Daryanani reiterated an 'Outperform' rating on the stock with a $315 price target. The firm expects IBM to maintain mid-to-high single-digit revenue growth as well as double-digit growth in earnings per share and free cash flow in the coming years. This growth would enable the company to potentially generate $16 to $18 in annual EPS within the next three years. A portfolio manager, confident in her analysis, inspecting several stocks on her laptop screen. The firm has also noted improvements in market sentiment, along with a recent expansion of the market's multiple, as key reasons for its increased target. International Business Machines Corporation (NYSE:IBM) is a multinational technology company and a pioneer in artificial intelligence, offering AI consulting services and a suite of AI software products. While we acknowledge the potential of IBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
