Latest news with #DA Davidson
Yahoo
2 days ago
- Business
- Yahoo
Microsoft (MSFT) Gets $650 Target as OpenAI Ties Boost Azure's AI Lead
Microsoft Corporation (NASDAQ:MSFT) is one of the . On August 6, DA Davidson analyst Gil Luria reiterated a Buy rating and $650.00 price target on the stock. The rating affirmation follows OpenAI's release of its latest model, GPT-OSS. The firm emphasized on the significance of Microsoft's relationship with OpenAI, which is helping Microsoft drive significant gains. 'Earlier today, OpenAI released their latest model, GPT-OSS, marking the lab's first open-source release since GPT-2 in February 2019. In conjunction with our initial thoughts on both GPT-OSS models, we remind investors about the outsized benefit Microsoft gains in having a tight commercial relationship with OpenAI.' Azure gains, in particular, were highlighted. 'Microsoft's partnership with OpenAI is driving significant gains throughout the business. Particularly with Azure, Microsoft's agreement terms with OpenAI, which grants them right-of-first-refusal on either training or inference, we believe is a notable driver of the recent outperformance by Azure over its hyperscaler peers.' The firm also talked about material acceleration of Azure OpenAI Services in the fourth fiscal quarter of 2025. This acceleration is elevating other AI services and core hyperscaler services on Azure 'both of which are growing faster than comparable product sets on either GCP or AWS.' Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. While we acknowledge the potential of MSFT 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 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
2 days ago
- Business
- Yahoo
Alphabet (GOOGL) Needs a Breakup to Unlock Full Value, Says DA Davidson
Alphabet Inc. (NASDAQ:GOOGL) is one of the . On August 5, DA Davidson analyst Gil Luria reiterated a Neutral rating and $180.00 price target on the stock. According to the firm, the only way forward for Alphabet stock is a complete breakup so that investors are free to choose and invest in businesses that they actually want. This will position the businesses as competitors to Netflix, AWS/Azure, Nvidia, OpenAI, The Trade Desk , and Tesla. 'We continue to believe the only way forward for Alphabet is a complete breakup that would allow investors to own the businesses they actually want — the top competitors to NFLX, AWS/Azure, NVDA, OpenAI, TTD and TSLA. In this report we focus on the Waymo business, which we believe would be worth $16/share on its own. We remain NEUTRAL rated, but would see GOOGL as the top mega cap pick if it proceeded with a complete break-up.' An individual investor discussing their portfolio with a wealth and asset management services client Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. While we acknowledge the potential of GOOGL 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. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Mayville Engineering (MEC) Stock Trades Down, Here Is Why
What Happened? Shares of vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSE:MEC) fell 7% in the afternoon session after DA Davidson lowered its price target on the stock in response to weak second-quarter results and a reduced outlook. The investment firm cut its price expectation to $18.00 from $23.00. The move followed Mayville's report of a 19.1% sales drop in the second quarter, which resulted in a net loss of $1.1 million. The manufacturer pointed to weaker demand from customers in key markets like agriculture and construction. Compounding the negative news, the company slashed its full-year financial guidance and withdrew its 2026 financial targets, citing an uncertain economic outlook. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Mayville Engineering? Access our full analysis report here, it's free. What Is The Market Telling Us Mayville Engineering's shares are somewhat volatile and have had 12 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 1 day ago when the stock dropped 16.3% on the news that the company reported disappointing second-quarter results and slashed its full-year financial guidance, citing weak market demand. The manufacturing company's sales fell 19.1% from the prior year, hit by customers reducing their stockpiles across key markets like agriculture and construction. This sales slump resulted in a net loss of $1.1 million, a stark contrast to the $3.8 million profit recorded in the same quarter last year. Looking forward, the company cut its full-year revenue and earnings forecasts, pointing to continued soft demand. In a significant move that added to investor worries, Mayville also withdrew its 2026 financial targets, citing an uncertain economic outlook and weak market conditions. Mayville Engineering is down 9.6% since the beginning of the year, and at $14.05 per share, it is trading 35.6% below its 52-week high of $21.81 from November 2024. Investors who bought $1,000 worth of Mayville Engineering's shares 5 years ago would now be looking at an investment worth $1,756. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. 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
4 days ago
- Business
- Yahoo
Meta (META) Gets $825 Price Target After Big Q2 Earnings Beat
Meta Platforms, Inc. (NASDAQ:META) is one of the On July 31, DA Davidson analyst Gil Luria raised the price target on the stock to $825.00 (from $650.00) while maintaining a 'Buy' rating. Meta delivered strong Q2 earnings, beating expectations on both the top and bottom line. Growth in Meta's Family of Apps fast-tracked, reflecting how the heightened capital expenditures and hiring frenzy has the potential to pay off as it further integrates AI into their products. 'Strong Ad Growth Supporting Superintelligence Pursuit We reiterate our BUY rating and raise our price target from $650 to $825 following a strong 2Q25 earnings that beat expectations on both the top and bottom line. Growth in Meta's Family of Apps accelerated, signaling that the heightened capital expenditures and hiring frenzy could continue to pay off as they further integrate AI into their products." A scientist at a computer station, surrounded by a neural network of artificial intelligence code. "Management specifically noted that they have all the ingredients required to both build and deliver superintelligence, with increased compute capacity in the coming years to support these endeavors.' While we acknowledge the potential of META 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 Must-Watch AI Stocks on Wall Street and . Disclosure: None.
Yahoo
5 days ago
- Business
- Yahoo
DA Davidson Lifts Valmont Target to $400, Cites Strong Execution and Long-Term Upside
Valmont Industries (NYSE:VMI) is one of the best agriculture technology stocks to buy now. On July 23, 2025, DA Davidson analyst Brent Thielman maintained a Neutral rating on the stock but raised the price target from $325 to $400, reflecting renewed confidence in Valmont's long-term trajectory. Thielman pointed to the company's strong internal execution and a resilient earnings base that suggests solid upside over a three-to-four-year horizon. While cautious on the near-term due to softness in agricultural demand, the note acknowledged that recent earnings exceeded expectations—Valmont posted Q2 adjusted EPS of $4.88 versus the $4.71 consensus, and revenue hit $1.05 billion, beating forecasts. Pixabay/Public Domain The revised price target reflects the firm's belief that Valmont's strategic initiatives are gaining traction, particularly in infrastructure and irrigation technologies. However, Thielman emphasized that much of the near-term upside has already been priced in following the stock's recent rebound. Valmont Industries is a global leader in engineered products and services for infrastructure and agriculture. Known for its mechanized irrigation systems and smart farming technologies, the company operates in over a 100 markets, with about 83 facilities. While we acknowledge the potential of VMI 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 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
