Latest news with #KrishSankar
Business Insider
2 days ago
- Business
- Business Insider
New Buy Rating for Apple (AAPL), the Technology Giant
TD Cowen analyst Krish Sankar maintained a Buy rating on Apple (AAPL – Research Report) today. The company's shares closed yesterday at $201.45. 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 Sankar covers the Technology sector, focusing on stocks such as Apple, Micron, and Seagate Tech. According to TipRanks, Sankar has an average return of 15.8% and a 57.42% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $228.79 average price target, representing a 13.57% upside. In a report released yesterday, Monness also maintained a Buy rating on the stock with a $245.00 price target. The company has a one-year high of $260.10 and a one-year low of $169.21. Currently, Apple has an average volume of 62M. Based on the recent corporate insider activity of 38 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 AAPL in relation to earlier this year. Last month, Chris Kondo, the CAO of AAPL sold 4,486.00 shares for a total of $933,940.34.
Globe and Mail
17-03-2025
- Business
- Globe and Mail
Top Analyst Reaffirms Buy Rating on Micron Stock (MU) Ahead of Its Q2 Earnings
Micron is set to release its second quarter Fiscal 2025 financials on March 20. Wall Street analysts expect the company to report earnings of $1.43 per share, reflecting a 240% increase year-over-year. Meanwhile, revenues are expected to rise 36% year-over-year to $7.90 billion. Ahead of the Q2 earnings release, five-star analyst Krish Sankar of TD Cowen maintained his Buy rating on the stock with a price target of $125 per share. Light Up your Portfolio with Spark: Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Notably, Sankar is ranked 400 out of 9,416 analysts tracked by TipRanks. He has a 51% success rate with an average return per rating of 15.10% over a one-year time frame. Micron is amemory chip maker, specializing in DRAM and NAND flash storage solutions for data centers, AI, and consumer electronics. Sankar's Views on Micron Stock Analyst Krish Sankar has a positive outlook on Micron. He expects the company to report stronger earnings in the near future as memory suppliers work together to raise DRAM and NAND prices. Higher prices would allow Micron to generate more revenue while improving profit margins. The analyst also pointed out Micron's growing role in the High Bandwidth Memory (HBM) market, where HBM prices are expected to stay steady through 2026. Some industry feedback suggests Micron's HBM3e is the best in the market. The analyst noted that investors are now less worried about an oversupply of HBM and more focused on whether suppliers can raise prices later this year. If this continues, Micron could see strong growth going forward. At the same time, the analyst also noted that Micron is expanding its reach with major cloud providers like Amazon's (AMZN) AWS, Microsoft's (MSFT) Azure, and Alphabet's (GOOGL) Google Cloud. Its share at AWS is increasing from nearly zero in Trainium 2 to 15-20% in Trainium 3, making AWS its second-biggest HBM customer after Nvidia (NVDA). Still, Sankar remains cautious due to weak demand in the mobile and PC markets, which account for a large share of DRAM and NAND sales. If demand does not pick up, keeping prices high could be a challenge. Despite these concerns, Micron's growth in the HBM market and stable pricing trends make it a promising long-term investment. Is Micron a Good Stock to Buy? Wall Street has a Strong Buy consensus rating on Micron stock based on 19 Buys and two Holds. The average MU stock price target of $133.50 implies about 32.45% upside potential from current levels. MU stock has risen about 19.76% year-to-date. See more MU analyst ratings Disclosure Questions or Comments about the article? Write to editor@
