Latest news with #MarkLipacis
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).
Business Insider
28-04-2025
- Business
- Business Insider
NVDA, CRM, or GOOGL: Which Tech Stock Is the Most Attractive Pick?
Tech stocks are battered due to tariff woes and macro uncertainties. Investors are concerned about trade wars leading to a potential recession. Despite a challenging backdrop, Wall Street remains bullish on several tech stocks that can withstand the ongoing headwinds to deliver solid returns over the long term. Using TipRanks' Stock Comparison Tool, we placed Nvidia (NVDA), Salesforce (CRM), and Alphabet (GOOGL) against each other to find the most attractive tech stock, according to Wall Street analysts. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Nvidia (NASDAQ:NVDA) Rattled by tariff wars and chip restrictions, Nvidia stock has declined more than 24% so far this year. The company recently announced a $5.5 billion charge related to exporting its H20 GPUs (graphics processing units) to China and other countries. Nvidia stated that the U.S. government has informed the company that it would require a license to export the H20 chips to China and some other countries. Additionally, the company was informed that this license requirement would remain in effect 'for the indefinite future.' While China is Nvidia's fourth-largest region by sales and the threat of tariffs and chip restrictions remains a major overhang, most analysts remain confident about the company's long-term growth potential and its innovation. The significant demand for Nvidia's GPUs in building and training AI models is expected to continue to drive the company's business. Is NVDA Stock a Strong Buy? Following Nvidia's disclosure of a $5.5 billion charge, Evercore analyst Mark Lipacis reiterated a Buy rating on NVDA stock with a price target of $190. Based on three case studies of previous disruptions due to chip issues and China restrictions, the 5-star analyst believes this development could play out similar to 2022, where next twelve months earnings estimates were initially cut, but then returned to trendline within a year. Despite the ongoing challenges, Wall Street has a Strong Buy consensus rating on Nvidia stock based on 37 Buys and five Holds. The average NVDA stock price target of $169.30 implies about 67% upside potential from current levels. Salesforce (NASDAQ:CRM) Salesforce stock has declined 26% year to date. Aside from concerns about a slowdown in spending due to macro pressures, the customer relationship management (CRM) software provider's weak full-year revenue guidance has impacted investor sentiment. Like several other companies, Salesforce is also trying to boost its revenue by enhancing its offerings through generative AI features. In February, the company launched the latest version of its flagship AI offering, Agentforce. While those bullish on CRM stock see Agentforce as a major growth catalyst that is expected to drive future growth, some analysts are skeptical if the company's optimism about its prospects in the agentic AI space is worth the hype. Is CRM a Good Stock to Buy Now? Earlier this month, Truist Securities analyst Terry Tillman reiterated a Buy rating on Salesforce stock with a price target of $400. In his research note, the 4-star analyst highlighted the prospects of Salesforce Industries, which represents a wide array of vertical solutions addressing complex industry processes and workflows. The analyst noted that this unit often commands premium pricing and represents a more dynamic area of new business for the company. Tillman said he is optimistic about the resilient growth of Salesforce Industries despite the deteriorating macro backdrop. With 31 Buys, nine Holds, and one Sell recommendation, Wall Street has a Moderate Buy consensus rating on Salesforce stock. At $373.53, the average CRM stock price target implies 51% upside potential. Alphabet (NASDAQ:GOOGL) Alphabet, the parent company of Google, faced a setback last week when a federal judge ruled that the search engine giant held illegal monopolies in online ad markets due to its position with ad buyers and sellers. This is the second major blow to the company following an August 2024 ruling that determined that Google held a monopoly in the internet search market. The latest adverse ruling comes as the company is already under pressure due to the emergence of generative AI rivals, such as OpenAI's ChatGPT, and concerns about a slowdown in ad spending due to macro uncertainties and tariff wars. Amid the regulatory overhang, Google is scheduled to announce its Q1 2025 results on April 24. Analysts expect the company to report EPS of $2.01, reflecting a 6.3% year-over-year growth. They expect revenue to rise 11% to $89.2 billion. Is GOOGL Stock a Buy or Sell? Bank of America analyst Justin Post reiterated a Buy rating on GOOGL stock with a price target of $185. The 5-star analyst noted the judge's ruling that Google maintained monopolies in both the publisher ad server and advertiser ad network markets. That said, the judge emphasized that the U.S. Department of Justice (DOJ) had failed to demonstrate that Google's advertiser tools or acquisitions of DoubleClick and AdMeld were anti-competitive. Post contends that despite the possibility of behavioral or structural remedies, the potential financial impact on Alphabet's earnings may be 'modest,' given that the segment at risk, Google Network, generated revenue of $30 billion in 2024, or under 9% of Google's gross revenues and just 3% of net revenues. Further, Post thinks that any final remedy might be stayed during the appeal, which could take 18 months, potentially delaying any enforcement action until 2027 or later. Heading into the Q1 results, Wall Street has a Moderate Buy consensus rating on Alphabet stock based on 27 Buys and 10 Holds. The average GOOGL stock price target of $196.94 implies 30.3% upside potential. Conclusion Wall Street is highly bullish on Nvidia but cautiously optimistic on Salesforce and Alphabet. Analysts see higher upside potential in NVDA stock compared to the other two tech stocks. Despite the ongoing challenges, most analysts covering Nvidia stock expect the company to gain from continued demand for its advanced GPUs in the AI space.
Yahoo
13-02-2025
- Business
- Yahoo
Nvidia Gains in February Despite Retail Pullback-Analysts Stay Bullish
Nvidia (NASDAQ:NVDA) has been bouncing back this month, but retail investors aren't driving the rally. According to Vanda Research, individual traders bought just $34 million worth of Nvidia stock on Monday, a big drop from previous levels. It looks like retail investors are getting more cautious, while institutional investors, or "smart money," are stepping in to take advantage of the dip. Warning! GuruFocus has detected 3 Warning Signs with NVDA. That said, institutional option activity hasn't fully rebounded yet. A report from HPBL backs that, pointing to the notable bearish options activity, including a $2.8 million bearish call sweep with a $125 strike price expiring on March 21, 2025, and a $870,600 bearish put sweep at a $130 strike price expiring on February 21, 2025. Still, analysts are sticking with Nvidia ahead of its February 26 earnings report. Evercore's Mark Lipacis, who has a $190 price target, says Nvidia is five to ten years ahead of its competitors thanks to its AI software dominance. Bank of America's Vivek Arya is just as bullish, expecting Nvidia to reassure investors about Blackwell and its Fiscal Year 2026 outlook. Meanwhile, retail investors seem to be shifting focus to Palantir (NASDAQ:PLTR), which saw $339 million in net purchases last week, even as insiders continue selling shares. This article first appeared on GuruFocus.
Yahoo
13-02-2025
- Business
- Yahoo
Is the smart money backing up the truck on Nvidia?
Institutional investors — the so-called smart money — appear to be nibbling on the beat up stock price of Nvidia (NVDA). Retail purchases of the AI market darling have plunged this month, according to new data from Vanda Research. On Monday, retail investors only purchased a net $34 million in Nvidia's stock based on Vanda's research. Retail investors have also begun "dumping" positions in the 2X Bull Nvidia ETF. Yet, Nvidia shares have started to come back up — they are up 5% in February compared to a slight decline for the S&P 500 (^GSPC). The stock is up 13% from its February 3 closing lows. Shares are still down 2.5% year to date. "By process of elimination, if retail's stepping aside, the 'smart money' crowd must be behind the latest recovery [in Nvidia]. However, institutional option flows in the name have yet to rebound strongly, which is something that would give us greater confidence around this view," Vanda Research said. "Still, we believe we can take the above as a vote of confidence by parts of the institutional world in the stock and the sector now that analysts have had time to better digest the potential ramifications of DeepSeek's launch. The verdict from these latest developments? DeepSeek doesn't appear to threaten AI's growth trajectory." The Nvidia bulls have been dealing with negative sentiment as of late, somewhat a rarity for one of the most popular stocks in the world. Evercore analyst Mark Lipacis said in a recent note there are three reasons for the weakness: 1) DeepSeek lowering AI demand in aggregate, 2) DeepSeek shifting AI compute cycles away from Nvidia GPUs and to ASICs [custom chips], and 3) Blackwell chip delays. China-based DeepSeek surprised markets in late January after unveiling RI, its AI model that gives a ChatGPT-esque performance at a cheaper price tag. RI cost a reported $5.6 million to build a base model, compared with the hundreds of millions of dollars incurred at US-based companies such as OpenAI and Anthropic. Fears mounted instantly that US companies are overspending on AI infrastructure, which includes Nvidia chips. 'Conventional wisdom all of last year was that training amazing models was going to be possible for only a handful of companies,' Snowflake CEO Sridhar Ramaswamy told me on Yahoo Finance's Opening Bid podcast (listen below). 'What DeepSeek has done over the past few weeks is shatter that belief by saying they can train a model for $6 million.' The Street has moved to defend Nvidia heading into earnings on Feb. 26, underscoring the view of the smart money rotating into the name. "Nvidia remains the platform of choice for hyperscalers' customers," Lipacis explained. "The robustness of its software ecosystem and breadth of its development community put it 5 to 10 years ahead of anything else in the market. AMD and Amazon AWS ecosystems are a distant #2 and #3." Bank of America's Vivek Arya reiterated the chipmaker as his top pick for 2025 earlier this month. Arya has a $190 price target, which assumes about 45% upside from current trading levels. It's one of the highest price targets on Nvidia on the Street. "The [earnings] call could mark the trough in investor sentiment as: 1) we expect Nvidia to reassure on Blackwell execution, 2) Signal confidence around fiscal year 2026/calendar year 2025 with 60%+ year over year growth in data center sales (still leaves headroom vs. Taiwan Semiconductor's call for AI to grow 100%+ year over year in calendar year 2025 end), and 3) create excitement ahead of flagship GTC Conf. (Mar 17) where focus shifts to solid pipeline (GB300, Rubin), and physical AI (robotics)," Arya wrote in a note to clients. Watch: why Amazon's stock has a few surprising catalysts So where are retail investors gravitating to if they are exiting Nvidia? Another classic tech momentum name in Palantir (PLTR). The stock is attracting record retail investor demand, $339 million in the trailing week, says Vanda Research. Interestingly, this is happening despite "relentless insider selling" which is usually a bearish indicator. Yahoo Finance data shows there has been almost 77 million shares sold by Palantir insiders in the past six months. "For now, retail's demand has been able to overcome this negative flow dynamic, but should retail disengage even just temporarily, and insiders continue trimming their allocations, that could spell trouble for the stock," Vanda Research notes. Palantir's stock is up a sizzling 55% year to date. Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Sign in to access your portfolio
