Latest news with #BernsteinSocGenGroup
Yahoo
3 hours ago
- Business
- Yahoo
Broadcom (AVGO) Maintains Momentum With $15B Revenue, Analysts Hike Price Target
Broadcom Inc. (NASDAQ:AVGO) is on our list of the 10 best 5G stocks to invest in according to analysts. Bernstein SocGen Group analysts raised their price target for Broadcom Inc. (NASDAQ:AVGO) from $250 to $295 on June 6 while maintaining an Outperform rating on the company's shares. The update follows Broadcom's fiscal second-quarter 2025 earnings report, which revealed robust software and chip operations success. Having reported software revenues of $6.6 billion and semiconductor sales of $8.4 billion, Broadcom's quarterly earnings of $15 billion were in line with consensus estimates. The company's artificial intelligence division is expected to keep growing, with sales expected to reach $30 billion in 2026, roughly $4–5 billion more than current consensus estimates. Despite a strong earnings report, aftermarket trading saw a minor drop in Broadcom's shares, which was explained by the heightened anticipation before the results release. Analysts pointed out that any persistent decline in the core semiconductor sector is more than offset by the development potential of the AI division. Broadcom Inc. (NASDAQ:AVGO) is a multinational semiconductor company specializing in the design, development, and distribution of a wide range of products. Notably, Apple and Broadcom Inc. (NASDAQ:AVGO) inked a major multiyear, multibillion-dollar deal in 2023 for the development of 5G radio frequency components, such as FBAR filters, and advanced wireless connectivity components. While we acknowledge the potential of AVGO 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 More: and Disclosure: None.
Yahoo
12 hours ago
- Business
- Yahoo
Eli Lilly (LLY) Retains $1,100 Price Target at Bernstein Ahead of Diabetes Conference
Eli Lilly & Company (NYSE:LLY) is one of billionaire Stan Druckenmiller's top stock picks with huge upside potential. Bernstein SocGen Group reaffirmed its Outperform rating and $1,100 price target for Eli Lilly & Company (NYSE:LLY) on June 13 ahead of the 85th Annual Meeting of the American Diabetes Association. Pixabay/Public Domain The firm outlined a number of crucial data presentations that Eli Lilly & Company (NYSE:LLY) is expected to provide at the next meeting. One of these is the full description of the ACHIEVE-1 study, which is the first phase 3 trial from the late-stage clinical program of orforglipron. Bernstein is especially keen to acquire more information on the negative event profile and discontinuation rates, even if topline data is already available. Additionally, Eli Lilly & Company (NYSE:LLY) will provide information about its muscle-wasting medication, bimagrumab. When paired with tirzepatide, this will be the first clinical data reported for an anti-muscle wasting agent used in conjunction with a GLP-1 receptor agonist, possibly hinting at future use cases. Eli Lilly & Company (NYSE:LLY) is a major global pharmaceutical company that develops, manufactures, and distributes a wide range of drugs. Founded in 1876, it has grown to become one of the world's largest pharmaceutical companies. While we acknowledge the potential of LLY 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 More: and Disclosure: None. Connectez-vous pour accéder à votre portefeuille
Yahoo
4 days ago
- Business
- Yahoo
Bernstein Hikes Adobe (ADBE) Price Target to $530 on AI Prospects
Adobe Inc. (NASDAQ:ADBE) is one of the 11 must-buy AI stocks analysts are betting on. On June 16, Bernstein SocGen Group reiterated an 'Outperform' rating on the stock and hiked the price target to $530 from $525. Copyright: photogearch / 123RF Stock Photo Bernstein SocGen Group remains bullish about Adobe's outlook owing to its potential to deliver 10% revenue growth in the near term. The firm also touted the company's improving margins and significant stock buybacks, which are expected to trigger mid-teens earnings per share growth. In addition, the research firm expects the company to benefit from the acceleration of artificial intelligence. According to Bernstein, Adobe has evolved from a 'show me a story' to an 'explain to me and show me a story.' Consequently, it views the company as an AI winner in the enterprise. Nevertheless, the research firm remains cautious, awaiting clarity on its AI monetization strategy and go-to-market initiatives. Adobe Inc. (NASDAQ:ADBE) is a global technology company operating across Digital Media, Digital Experience, and Publishing & Advertising. Its Creative Cloud offers tools for content creation, while Document Cloud supports digital workflows. While we acknowledge the potential of ADBE 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: 12 Best Healthcare Stocks to Buy Now and 10 Stocks Analysts Are Upgrading Today. Disclosure: None. Sign in to access your portfolio
Yahoo
17-06-2025
- Business
- Yahoo
Bernstein Highlights Qualcomm (QCOM) as Strong Investment Choice, Keeps Rating
QUALCOMM Incorporated (NASDAQ:QCOM) is one of the 10 Best American Semiconductor Stocks to Buy Now. On June 3, Bernstein SocGen Group analysts reiterated an 'Outperform' rating for QUALCOMM Incorporated (NASDAQ:QCOM) and kept their price target at $185. This decision comes after the firm took part in a Best Ideas panel at Bernstein's 41st annual Strategic Decisions Conference the previous week. An aerial view of a bustling semiconductor production zone showcasing the company's integrated circuits. During the panel, QUALCOMM Incorporated (NASDAQ:QCOM) was described as one of the more interesting and unconventional investment ideas by the firm's analysts. Bernstein SocGen Group analysts pointed out that while QUALCOMM Incorporated (NASDAQ:QCOM) might not be their top pick, it is still an attractive choice because of its strong market position. QUALCOMM Incorporated (NASDAQ:QCOM) is an American multinational corporation that creates semiconductors, software, and services related to wireless technology. The company's portfolio includes products for processors, modems, platforms, RF systems, and connectivity. While we acknowledge the potential of QCOM 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: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Sign in to access your portfolio
Yahoo
07-04-2025
- Business
- Yahoo
Warner Bros Discovery Stock Holds Steady as 'Minecraft' Opens to $300 Million Globally
Warner Bros Discovery (WBD, Financials) shares held steady Monday at $8.02 after the company's Minecraft film posted a $300 million global opening weekend, potentially breaking records for video game adaptations. The company, which generated $39.3 billion in revenue over the past 12 months, received a reaffirmed Market Perform rating and $11.00 price target from Bernstein SocGen Group. Warning! GuruFocus has detected 4 Warning Signs with WBD. The strong opening surpassed early expectations and outpaced 2025 box office competitors including Mufasa, Captain America, and Snow White. Analysts have speculated that Minecraft could ultimately gross more than $1 billion globally, more than double its initial projections. The current record for a video game-based film is held by The Super Mario Bros (2017), which earned $1.3 billion worldwide. The film's success is seen as a potential tailwind for Warner Bros Discovery's Studios segment, which is set to release Superman later this summer. Analysts said the company's strong entertainment slate could help counteract macroeconomic headwinds in its advertising division. Warner Bros Discovery's partnership with Legendary, which is believed to be in a minority position on the Minecraft project, may affect the film's total financial impact for the company. The company's full financial benefit from the film will become clearer as detailed box office returns are reported. BofA Securities recently adjusted its revenue forecast for Warner Bros Discovery's first quarter to $8.9 billion, down from $9.68 billion. Adjusted EBITDA was revised upward slightly to $2.05 billion from $2.02 billion. Raymond James also lowered its price target for the stock to $13.00 while maintaining an Outperform rating. Separately, the company added Anton Levy, former co-president of private equity firm General Atlantic, to its board as an independent director. The move comes amid shareholder activism from Sessa Capital and reflects ongoing corporate governance changes. Bloomberg reported that the company has canceled expansion plans for its Hogwarts Legacy video game franchise. The studio's video game division has been exploring strategic shifts as part of a broader internal reorganization aimed at enhancing segment transparency and evaluating potential asset sales or spinoffs. Warner Bros Discovery's upcoming earnings report will offer further insight into how its entertainment portfolio and structural changes are affecting its broader financial outlook. This article first appeared on GuruFocus. Sign in to access your portfolio
