Latest news with #JoelFishbein
Yahoo
3 days ago
- Business
- Yahoo
Rubrik price target raised to $110 from $90 at Truist
Truist analyst Joel Fishbein raised the firm's price target on Rubrik (RBRK) to $110 from $90 and keeps a Buy rating on the shares. The company delivered strong Q1 results that were ahead of the high end of guidance for all metrics and also raised FY26 guidance for growth and profitability for all metrics, the analyst tells investors in a research note. Data Security continues to be a key driver and is helping Rubrik take share and expand with enterprise customers, with the new identity security solutions starting to gain traction, the firm added. 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 Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on RBRK: Disclaimer & DisclosureReport an Issue Rubrik price target raised to $110 from $77 at BMO Capital Morning Movers: Manchester United gains, Lululemon sinks after quarterly reports Rubrik price target raised to $120 from $80 at Wedbush Rubrik price target raised to $107 from $97 at Roth Capital Rubrik price target raised to $110 from $95 at Baird
Business Insider
06-05-2025
- Business
- Business Insider
‘Microsoft Stock Deserves a Street-High Target,' Joel Fishbein Says Following Earnings
Microsoft (NASDAQ:MSFT) has reclaimed the crown as the world's most valuable company. While it has often swapped places with Apple, the tech giant had recently fallen behind – until now. Its latest quarterly results have reignited investor enthusiasm, propelling Microsoft back to the No. 1 spot. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. The March-quarter (F3Q25) results didn't just exceed expectations, they put to rest fears the company will suffer against the current uncertain macro backdrop. Microsoft Cloud delivered once again, accompanied by a forecast that underscores the growing demand for AI. Microsoft Cloud generated $42.4 billion in revenue, up 20% y/y and above the $42.22 billion estimate. Revenue from the Intelligent Cloud segment reached $26.8 billion, outpacing the forecast of $25.99 billion. Azure and other cloud services – key indicators watched closely by investors and analysts – grew 33% (35% cc), beating the 31% estimate. Total revenue rose 13% year-over-year to $70.1 billion, outperforming the $68.44 billion expected on Wall Street. That came off the back of a 12% y/y increase in the previous quarter. EPS reached $3.46, exceeding the consensus estimate of $3.22. Looking ahead to FQ4, fueled by robust demand across its range of services, Intelligent Cloud revenue is expected to land between $28.75 billion and $29.05 billion, with Azure revenue growth expected at 34% to 35% in cc. Overall, total revenue is expected to range from $73.15 billion to $74.25 billion, above consensus at $72.26 billion. In the wake of these results, recession fears and tariff talk took a back seat – at least temporarily – as analysts rushed to praise Microsoft's performance. Truist's Joel Fishbein, who ranks amongst the top 3% of Wall Street stock experts, is no expectation. 'Microsoft delivered impressive results in their 3Q25 earnings report,' the 5-star analyst said. 'Azure growth beat the high end of guidance, as the company saw a rebound in performance across non- AI workloads. AI performance continued its momentum as well, driven by some capacity coming online earlier than expected, contributing 16 percentage points to Azure growth. We believe that the positive traction in AI could lead to a sustained Azure reacceleration as new resources come online in FY26.' Bottom line, Fishbein backs MSFT with a Buy rating and a Street-high $600 price target, implying the stock could climb another 38% from current levels. (To watch Fishbein's track record, click here) Elsewhere on the Street, MSFT claims an additional 28 Buys and 5 Holds, all coalescing to a Strong Buy consensus rating. The shares are expected to post 12-month growth of 16%, considering the average price target stands at $506.31. (See MSFT 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.
Yahoo
02-05-2025
- Business
- Yahoo
ServiceNow Upgraded to "Buy" Rating After Strong Q1, Target Raised to $1,200
May 2 - Truist Financial upgraded ServiceNow (NYSE:NOW) to "Buy" from Hold following the software firm's stronger-than-expected first-quarter results. Top-ranked analyst Joel Fishbein raised his price target to $1,200 from $950, suggesting upside of over 25%. He described the enterprise workflow platform as a rare compounder with durable growth potential across core and emerging verticals, including customer relationship management and agentic AI. Warning! GuruFocus has detected 3 Warning Sign with NOW. ServiceNow shares jumped more than 15% on April 24 after reporting an 18.5% year-over-year increase in revenue and better-than-expected adjusted earnings per share. The company also issued a bullish outlook for the second quarter, despite macroeconomic uncertainty. Fishbein said ServiceNow is well-positioned to consolidate the enterprise IT stack and benefit from demand for pre-built AI tools, citing strong industry feedback. He also praised the firm's go-to-market execution as the gold standard among peers. Despite the recent rally, the stock is still down about 10% in 2025. The analyst views the pullback as a buying opportunity. Based on the one year price targets offered by 40 analysts, the average target price for ServiceNow Inc is $1048.24 with a high estimate of $1300.00 and a low estimate of $724.00. The average target implies a upside of +9.43% from the current price of $957.95. Based on GuruFocus estimates, the estimated GF Value for ServiceNow Inc in one year is $1053.85, suggesting a upside of +10.01% from the current price of $957.95. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
31-03-2025
- Business
- Yahoo
Why ServiceNow Stock Lagged the Market on Monday
Not for the first time in the past few trading days, ServiceNow (NYSE: NOW) stock received a price target cut from an analyst tracking the company. Investors clearly took the move to heart, sending the shares to a slight (0.1%) loss in price on Monday. They were more positive on other stocks, as the bellwether S&P 500 (SNPINDEX: ^GSPC) ticked up by 0.6%. The day's reduction came from Joel Fishbein of Truist Securities, who knocked $150 per share off his ServiceNow fair value assessment. It now stands at $950 per share. Meanwhile, the pundit maintained his hold recommendation on the stock. Fishbein's cut was part of a broader analysis on the infrastructure and security software segments of the tech industry. According to reports, the analyst wrote that companies in these sector niches are trading lower due to uncertainty over policy decisions being made by the Trump administration. As government clients are important in both segments, that uncertainty is weighing on them and leading to cuts in estimates, Fishbein added. That was the second price target chop in the past week. Last Wednesday, Fishbein's peer Rob Oliver of Baird made a comparable move, reducing his level to $1,010 per share from $1,200. Although he retained his existing outperform (buy, in other words) recommendation on ServiceNow, the cut didn't exactly boost sentiment on the company. Personally, I lean more toward Oliver's bullish view than Fishbein's neutral stance. I think ServiceNow can absorb potential blows to its business from that top-down uncertainty, and believe it has a smart business that provides a firm foundation for potential growth. Before you buy stock in ServiceNow, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and ServiceNow wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $672,177!* Now, it's worth noting Stock Advisor's total average return is 815% — a market-crushing outperformance compared to 162% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 24, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ServiceNow and Truist Financial. The Motley Fool has a disclosure policy. Why ServiceNow Stock Lagged the Market on Monday was originally published by The Motley Fool
