Latest news with #JoshuaBuchalter
Business Insider
a day ago
- Business
- Business Insider
STMicroelectronics (STM) Gets a Hold from TD Cowen
TD Cowen analyst Joshua Buchalter maintained a Hold rating on STMicroelectronics (STM – Research Report) yesterday and set a price target of $30.00. The company's shares closed yesterday at $29.91. 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 Buchalter covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Analog Devices. According to TipRanks, Buchalter has an average return of 0.1% and a 51.70% success rate on recommended stocks. STMicroelectronics has an analyst consensus of Moderate Buy, with a price target consensus of $27.02, implying a -9.66% downside from current levels. In a report released on June 6, Bank of America Securities also reiterated a Hold rating on the stock with a €27.00 price target. Based on STMicroelectronics' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.52 billion and a net profit of $56 million. In comparison, last year the company earned a revenue of $3.47 billion and had a net profit of $513 million
Business Insider
06-06-2025
- Business
- Business Insider
Will the Radeon RX 9060 XT Be a Positive Catalyst for AMD Stock?
Advanced Micro Devices (AMD) has released the Radeon RX 9060 XT and reviews have begun to pour in. It looks like the new graphics processing unit (GPU) is a win for Team Red, as reviewers praise it for strong performance at a good price. 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 The Radeon RX 9060 XT comes in two variants: an 8GB model priced at $300 and a 16GB model for $350. The card also offers comparable performance to Nvidia's (NVDA) RTX 5060 Ti GPU, which is priced at $379 for the 8GB model and $429 for the 16GB model. The AMD Radeon RX 9060 XT offers gamers a budget option for 1080p and 1440p gaming, and it does so for significantly less cash than what's required for Nvidia's comparable GPU. AMD also has a track record of keeping its graphics cards in stock, whereas Nvidia has had trouble doing so due to demand for its AI GPUs pulling resources away from its gaming division. Analysts have remained bullish on AMD stock lately, with two updates earlier this week. Five-star Bank of America Securities analyst Vivek Arya reiterated a Buy rating and $130 price target, implying a 9.36% upside. TD Cowen analyst Joshua Buchalter maintained a Buy rating and $115 price target, suggesting a 3.26% downside. AMD stock was up 0.16% as of Thursday morning but is still down 1.66% year-to-date. The company's shares have also fallen 28.9% over the past 12 months. This likely isn't the performance investors hoped for today, but positive reviews of the Radeon RX 9060 XT could be a catalyst for AMD if they translate to sales. Is AMD Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for AMD is Moderate Buy, based on 22 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $126.55, representing a potential 6.61% upside for the shares.
Yahoo
26-05-2025
- Business
- Yahoo
TD Cowen Increases Analog Devices (ADI), Maintains Buy Rating
On May 23, TD Cowen raised its price target on Analog Devices, Inc. (NASDAQ:ADI)'s stock to $250 from the prior target of $200, while reiterating a 'Buy' rating. This was seen after the company released its recent earnings report and guidance. A technician working on power management in a semiconductor factory. As per the analyst, the results were strong but saw less attention because of worries related to early order fulfillment and the impact of tariffs on the broader semiconductor industry. Joshua Buchalter (the firm's analyst) stated that, amidst uncertainties, Analog Devices, Inc. (NASDAQ:ADI) happens to be in a stronger cyclical position, given the ongoing secular tailwinds, as compared to peers. The company's strong emphasis on innovation and customer success allows it to continue to enhance its leadership at the increasingly AI-driven Intelligent Edge. Buchalter believes that the company's robust inventory management and fab-lite business model are expected to help it withstand challenges. Analog Devices, Inc. (NASDAQ:ADI) stated that its Q2 2025 bookings accelerated across the end markets and regions, leading to sequential backlog growth. These improved demand signals help its outlook for continued growth in Q3 2025. For Q3 2025, the company expects revenue of $2.75 billion (+/- $100 million). At the midpoint, it anticipates a reported operating margin of ~27.2% (+/-150 bps), and an adjusted operating margin of ~41.5% (+/-100 bps). Analog Devices, Inc. (NASDAQ:ADI) is engaged in designing, manufacturing, testing, and marketing integrated circuits (ICs), software, and subsystem products. While we acknowledge the potential of ADI to grow, 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 ADI and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
Yahoo
26-05-2025
- Business
- Yahoo
TD Cowen Increases Analog Devices (ADI), Maintains Buy Rating
On May 23, TD Cowen raised its price target on Analog Devices, Inc. (NASDAQ:ADI)'s stock to $250 from the prior target of $200, while reiterating a 'Buy' rating. This was seen after the company released its recent earnings report and guidance. A technician working on power management in a semiconductor factory. As per the analyst, the results were strong but saw less attention because of worries related to early order fulfillment and the impact of tariffs on the broader semiconductor industry. Joshua Buchalter (the firm's analyst) stated that, amidst uncertainties, Analog Devices, Inc. (NASDAQ:ADI) happens to be in a stronger cyclical position, given the ongoing secular tailwinds, as compared to peers. The company's strong emphasis on innovation and customer success allows it to continue to enhance its leadership at the increasingly AI-driven Intelligent Edge. Buchalter believes that the company's robust inventory management and fab-lite business model are expected to help it withstand challenges. Analog Devices, Inc. (NASDAQ:ADI) stated that its Q2 2025 bookings accelerated across the end markets and regions, leading to sequential backlog growth. These improved demand signals help its outlook for continued growth in Q3 2025. For Q3 2025, the company expects revenue of $2.75 billion (+/- $100 million). At the midpoint, it anticipates a reported operating margin of ~27.2% (+/-150 bps), and an adjusted operating margin of ~41.5% (+/-100 bps). Analog Devices, Inc. (NASDAQ:ADI) is engaged in designing, manufacturing, testing, and marketing integrated circuits (ICs), software, and subsystem products. While we acknowledge the potential of ADI to grow, 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 ADI and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Sign in to access your portfolio
Yahoo
17-05-2025
- Business
- Yahoo
TD Cowen Raises AMD Price Target to $115, Maintains Buy Rating Amid Strong Performance
Advanced Micro Devices Inc. (NASDAQ:AMD) is a global semiconductor company that is known for its graphics processing units (GPUs), microprocessors, and high-performance computing solutions. The company serves a range of high-growth industries like gaming, data centers, and AI. A close up of a complex looking PCB board with several intergrated semiconductor parts. On May 6, Advanced Micro Devices, Inc. (NASDAQ:AMD) reported impressive financial results for Q1 2025. Q1 2025 revenue reached $7.4 billion, a 36% year-over-year increase. Gross profit for the quarter was $3.73 billion, up 46%. Net income surged by 476% to reach $709 million. The Data Center segment revenue in Q1 2025 was $3.7 billion, up 57% year-over-year. This revenue growth was driven primarily by sales of AMD EPYC CPUs and AMD Instinct GPUs. The Client and Gaming segment revenue was $2.9 billion, up 28% year-over-year. Client revenue rose 68% due to strong demand for the new 'Zen 5' AMD Ryzen processors and a richer product mix. Following the company's Q1 2025 results, on May 7, TD Cowen analyst Joshua Buchalter reaffirmed a 'Buy' rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) and increased the price target to $115 from $110. The analyst highlighted the company's strong performance and sustainable gains in PC and server CPU market share as factors contributing to the company's financial success. However, Buchalter noted challenges in the Data Center GPU segment for Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first half of 2025 because of underwhelming results and write-downs. He emphasized that the expected sales inflection of the MI355 GPU in the second half of the year will be critical for AMD's stock performance. Additionally, the upcoming AI event on June 12, 2025, is expected to provide more insights into Advanced Micro Devices, Inc.'s (NASDAQ:AMD) future plans and direction. While we acknowledge the potential of AMD 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 AMD and that has 100x upside potential, check out our report about the cheapest 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
