Latest news with #MarkLipacis
Business Insider
17-07-2025
- Business
- Business Insider
Evercore Sees Major Revenue Upside for AMD after Trump Lifts China AI Chip Ban
Investment firm Evercore believes that chipmaker Advanced Micro Devices (AMD) could see upside to its 2025 revenue estimates after the company announced it will resume shipments of its MI308X chips to China. Indeed, the U.S. Commerce Department has confirmed that AMD's license applications for these chips are now moving forward for review. Once approved, AMD plans to restart shipments and provide more details during its August 5 earnings call, according to Evercore. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. As a result, the firm's analysts, led by five-star-rated Mark Lipacis, anticipate that this will result in a near-term revenue boost of $700 million and a potential $1.5 billion gain in 2025. This is because AMD had previously estimated that export restrictions would lower second-quarter revenue by about $700 million and reduce 2025 revenue by $1.5 billion. It is worth mentioning that Evercore currently expects AMD's GPU revenue for 2025 to be around $6 billion, so restoring access to the Chinese market could be a major help. The analysts also noted that this could improve AMD's profit margins. In April, AMD projected an $800 million write-down due to unsold inventory and supplier agreements, which pushed Q2 gross margin guidance down to 43% from 54%. While it's unclear if the full write-down was booked in Q2, Evercore believes that the MI308X has better margins than AMD's other GPUs. Therefore, if shipments pick up again, it could provide a solid boost to the company's profitability. Is AMD a Buy, Sell, or Hold? Overall, analysts have a Moderate Buy consensus rating on AMD stock based on 25 Buys, 10 Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average AMD price target of $135.97 per share implies 12.6% downside risk.
Business Insider
17-07-2025
- Business
- Business Insider
‘Buy the Dip Now,' Says Five-Star Analyst after ASML Stock Sinks
Shares of ASML Holding (ASML) are plunging in today's trading after the semiconductor company released its second-quarter results and gave a cautious outlook. However, Evercore ISI, led by five-star analyst Mark Lipacis, sees this as a buying opportunity. Despite the short-term weakness, Evercore kept its Outperform rating and €803 price target on the firm's European ticker (NL:ASML). Lipacis pointed out that ASML's valuation has already dropped significantly, as its price-to-earnings ratio has compressed by about 35-40% over the past nine months. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. As a result, he believes that this decline already reflects negative news, therefore making the current dip a good entry point. He also noted that demand for AI-related chips continues to grow, especially in foundry logic and DRAM, which should help support ASML's long-term growth story. While ASML beat both revenue and earnings expectations for Q2, its forecast for the next quarter came in below what analysts were expecting. Indeed, the company projected Q3 revenue between €7.4 billion and €7.9 billion, which missed market estimates of €8.3 billion. It is also worth noting that Lipacis admitted that ASML's gross margins could decline in the second half of 2025. This is due to how revenue is recognized from its High Numerical Aperture (High NA) technology, as well as a lower mix of high-margin upgrade sales. Still, Evercore believes ASML is on track to hit its 2025 goals and is confident in its long-term potential. Is ASML Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on ASML stock based on two Buys, five Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average ASML price target of $877.75 per share implies 17.3% upside potential.
Yahoo
18-06-2025
- Business
- Yahoo
Marvell Stock Jumps After Unveiling Multi-Billion AI Chip Deals
June 18 - Marvell Technology (NASDAQ:MRVL) rose about 6% on Wednesday morning after Wall Street analysts responded positively to the company's recent custom AI event, citing major design wins and an expanded market outlook. Warning! GuruFocus has detected 4 Warning Signs with MRVL. The chipmaker revealed two new compute-focused XPU projects from hyperscale clients, with additional attach design wins bringing the total to 13, including one with Meta (NASDAQ:META). Evercore ISI's Mark Lipacis called these multi-billion-dollar lifetime revenue opportunities, potentially ramping up between 2026 and 2027. Lipacis maintained an Outperform rating with a $133 price target, noting each XPU attach win could generate several hundred million dollars in long-term revenue per socket. Morgan Stanley's Joseph Moore described the updates as ambitious, but acknowledged the opportunity looked credible. He highlighted Marvell's push to capture 20% of a newly sized $94 billion data center market, with over half of that driven by custom ASICs. Moore kept an Equal-Weight rating with a $73 price target. Bank of America's Vivek Arya was more bullish, raising his price target to $90 from $80. He said the company's increased 2028 earnings outlook points to potential EPS of $8, roughly 60% above consensus forecasts. Analysts said Marvell's expanding AI chip pipeline, including ongoing work with Microsoft (NASDAQ:MSFT) on its Maia processor and integration with Amazon's (NASDAQ:AMZN) Trainium3, reinforces its position in the competitive AI infrastructure space. 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
Globe and Mail
13-05-2025
- Business
- Globe and Mail
Analysts Offer Insights on Technology Companies: Lyft (LYFT), MACOM Technology Solutions Holdings (MTSI) and RingCentral (RNG)
Analysts have been eager to weigh in on the Technology sector with new ratings on Lyft (LYFT – Research Report), MACOM Technology Solutions Holdings (MTSI – Research Report) and RingCentral (RNG – Research Report). 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. Lyft (LYFT) Evercore ISI analyst Mark Mahaney maintained a Hold rating on Lyft on May 9 and set a price target of $15.00. The company's shares closed last Friday at $16.65. According to Mahaney is a 5-star analyst with an average return of 15.4% and a 55.5% success rate. Mahaney covers the Technology sector, focusing on stocks such as WEBTOON Entertainment Inc, Uber Technologies, and Trade Desk. ;'> Lyft has an analyst consensus of Hold, with a price target consensus of $16.02, implying a 9.3% upside from current levels. In a report issued on May 9, Roth MKM also maintained a Hold rating on the stock with a $16.00 price target. MACOM Technology Solutions Holdings (MTSI) In a report issued on May 9, Mark Lipacis from Evercore ISI maintained a Buy rating on MACOM Technology Solutions Holdings, with a price target of $146.00. The company's shares closed last Friday at $118.08. According to Lipacis is a top 100 analyst with an average return of 20.7% and a 59.9% success rate. Lipacis covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Allegro MicroSystems, and GlobalFoundries Inc. ;'> MACOM Technology Solutions Holdings has an analyst consensus of Strong Buy, with a price target consensus of $141.11, a 16.9% upside from current levels. In a report issued on May 8, Needham also maintained a Buy rating on the stock with a $150.00 price target. RingCentral (RNG) In a report issued on May 9, Peter Levine from Evercore ISI maintained a Hold rating on RingCentral, with a price target of $30.00. The company's shares closed last Friday at $27.72, close to its 52-week low of $25.47. According to Levine is a 4-star analyst with an average return of 12.2% and a 55.8% success rate. Levine covers the Technology sector, focusing on stocks such as Zoom Video Communications, CrowdStrike Holdings, and Palo Alto Networks. ;'> The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RingCentral with a $33.31 average price target, a 24.1% upside from current levels. In a report issued on May 8, Morgan Stanley also maintained a Hold rating on the stock with a $29.00 price target.
Business Insider
03-05-2025
- Business
- Business Insider
Qualcomm (QCOM) Receives a Rating Update from a Top Analyst
Evercore ISI analyst Mark Lipacis maintained a Hold rating on Qualcomm (QCOM – Research Report) yesterday and set a price target of $157.00. The company's shares closed yesterday at $139.81. 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. Lipacis covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Intel. According to TipRanks, Lipacis has an average return of 20.4% and a 58.14% success rate on recommended stocks. In addition to Evercore ISI, Qualcomm also received a Hold from KeyBanc's John Vinh in a report issued on May 1. However, on the same day, Mizuho Securities maintained a Buy rating on Qualcomm (NASDAQ: QCOM).
