Latest news with #LoopCapital
Yahoo
a day ago
- Business
- Yahoo
Loop Capital Raises Snowflake (SNOW) Price Target, Maintains Buy Rating
On Wednesday, June 4, Loop Capital analysts raised the price target for Snowflake Inc. (NYSE:SNOW) from $230 to $245 and kept a 'Buy' rating. This change came after insights from Snowflake Inc.'s (NYSE:SNOW) 'well-attended' customer conference and investor session. A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. At the event, analysts noted that the sentiment was noticeably more upbeat among attendees compared to the previous year. They also found no signs that customers or partners were slowing down their spending. Snowflake Inc. (NYSE:SNOW) is focused on innovation and this was evident in the introduction of new features and improvements. These are mainly related to performance, data governance, and interoperability. The company's new go-to-market strategy and compensation model are leading to an increase in consumption and new customer growth. Loop Capital analysts noted that customers are increasingly seeing Snowflake Inc. (NYSE:SNOW) as a reliable Enterprise AI data platform, not merely a cloud data warehouse. Snowflake Inc. (NYSE:SNOW) is an American cloud-based data storage company that is best known for its AI Data Cloud platform, which allows thousands of organizations to build, use, and share data, applications, and AI. While we acknowledge the potential of SNOW 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.
Yahoo
2 days ago
- Business
- Yahoo
Top Analyst Downgrade McDonald to 'Hold' After McCrispy Backlash
June 6 - McDonald's Corporation (NYSE:MCD) introduced its first permanent menu item in over four years with the McCrispy Strips, according to a Friday press release. Early reactions from food critics described the new chicken strips as bland, soggy, and overpriced, likening them to high school chicken strips rather than the crispy tenders offered by rivals such as Chick-fil-A and Popeye's. Meanwhile, some observers noted that McCrispy Strips scored better on value compared to competing offerings, though the appearance and portion size drew criticism. On Wall Street, Loop Capital cut McDonald's stock to Hold from Buy, citing worries that domestic comparable sales may not recover as anticipated. Analyst Alton Stump said franchisees have shared that the strips' lighter breading delivers a purer chicken taste but results in a less appealing and smaller product than those of top competitors. Loop Capital maintained its 2025 earnings estimates but lowered its price target on McDonald's to $315 from $346, equating to about 18 times its projected EV/EBITDA for the year. Traders are watching customer feedback on McCrispy Strips for signs of potential earnings pressure. This article first appeared on GuruFocus. 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
Business Insider
3 days ago
- Business
- Business Insider
Advanced Drainage price target lowered to $133 from $143 at Loop Capital
Loop Capital analyst Garik Shmois lowered the firm's price target on Advanced Drainage (WMS) to $133 from $143 but keeps a Buy rating on the shares. The company missed on Q4 EBITDA and guided below expectations as the weak macro is weighing on the outlook, though its view of lower end market demand across most categories also makes sense, the analyst tells investors in a research note. Given that pricing trends appear to be stabilizing and that there's line of sight towards lower raw materials however, the guide should be viewed as establishing a floor for earnings, Loop adds. Confident Investing Starts Here:
Yahoo
31-05-2025
- Business
- Yahoo
Apple (AAPL) Rated Hold by Loop Capital Amid Tariff and iPhone 17 Buzz
We recently published a list of . In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other AI stocks on Wall Street's radar. On May 28, Loop Capital analyst Ananda Baruah reiterated a 'Hold' rating on Apple Inc. (NASDAQ:AAPL) and $215.00 price target. Apple is a technology company known for its consumer electronics, particularly the iPhones and MacBooks. According to the firm, tariff-driven shifts in production and pricing may support near-term iPhone performance. The firm's supply chain analyst has found that Apple has increased average selling prices (ASPs) for the iPhone 17 Pro and iPhone 17 Pro Max by $100 to $200. A wide view of an Apple store, showing the range of products the company offers. 'Ironically, there is a world where AAPL's 'tariff actions' of pulling phones forward into the Mar Q and Jun Q provide a much-needed bridge into the iPhone 17 launch.' Firm checks have also shown that Apple has raised its shipment forecast for the iPhone 17 in the September and December quarters to 100 million units, up from the previous 92 million. Loop said that expected shipments of the new iPhone 17 Air model have risen by 15 million units to 31 million. Even though the tariffs are said to pressure margins, the firm said that 'if tariffs aren't shockingly onerous investors could look through them if there is legitimate iPhone 17 and iPhone 18 form factor excitement.' That said, it is expected that both models are likely to feature significant hardware design changes in years. The firm has also highlighted Apple's evolving AI strategy separately: 'Our work suggests that AAPL's latest Siri kerfuffle may be compelling a bit of a strategy shift internally and that AAPL is in the process of placing orders for ~$1.0B of GB300 NVL72s,' the Overall, AAPL ranks 4th on our list of AI stocks on Wall Street's radar. While we acknowledge the potential of AAPL 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 AAPL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
29-05-2025
- Business
- Yahoo
Loop Capital Analyst Dissects Arm Holdings plc (NASDAQ:ARM) Earnings
Loop Capital recently lowered the price target on Arm Holdings plc (NASDAQ:ARM) to $155 from $195 and kept a Buy rating on the shares after the company's Q4 results. Arm architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers. In an investor note, the analyst noted that while revenue and design traction remained intact, the company's guidance was slightly below Street, and Arm was holding off on a FY26 guide while also increasing its operating expense guidance to reflect ongoing growth opportunities. A robotic arm holding a semiconductor chip, emphasizing the precision and quality of the company's production equipment. In the latest earnings report, the company reported earnings per share of $0.55, beating market estimates by $0.03. The revenue over the quarter was $1.24 billion, up over 33% compared to the revenue over the same period last year and smashing analyst expectations by $10 million. While we acknowledge the potential of ARM, 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 ARM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None.
