Latest news with #SimonLeopold
Yahoo
3 days ago
- Business
- Yahoo
Raymond James Lifts Coherent Corp. (COHR)'s Stock Price Target to $96, Maintains Strong Buy Rating
Raymond James analyst Simon Leopold on Wednesday raised Coherent Corp. (NYSE:COHR)'s stock price target to $96 from $91, while maintaining the Strong Buy rating for its shares. The revision followed Coherent Corp. (NYSE:COHR)'s Analyst and Investor Day earlier in the day, in which the company shared its long-term growth targets that surpassed both Raymond James' and the broader market's expectations. A row of precision industrial lasers in action, cutting the most intricate of shapes. Coherent Corp. (NYSE:COHR)'s management outlined its goals, such as aiming for a gross margin greater than 42% and an operating margin above 24%, indicating that by 2028, the company could achieve an EPS of around $8-9, which will be a substantial increase from forecasts of under $4 in fiscal 2025. Considering these ambitious targets, Raymond James lifted the stock's target price to account for the anticipated gross margin expansion and growth in the industrial laser sector. Moreover, on May 7, Coherent Corp. (NYSE: COHR) reported impressive results for the third quarter of fiscal 2025, with revenue increasing 24% year-over-year to $1.5 billion, driven by strong demand for AI-related data centers. Earnings per share were posted at $0.91, beating estimates by five cents. While we acknowledge the potential of COHR 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 COHR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None.
Yahoo
4 days ago
- Business
- Yahoo
Raymond James Lifts Coherent Corp. (COHR)'s Stock Price Target to $96, Maintains Strong Buy Rating
Raymond James analyst Simon Leopold on Wednesday raised Coherent Corp. (NYSE:COHR)'s stock price target to $96 from $91, while maintaining the Strong Buy rating for its shares. The revision followed Coherent Corp. (NYSE:COHR)'s Analyst and Investor Day earlier in the day, in which the company shared its long-term growth targets that surpassed both Raymond James' and the broader market's expectations. A row of precision industrial lasers in action, cutting the most intricate of shapes. Coherent Corp. (NYSE:COHR)'s management outlined its goals, such as aiming for a gross margin greater than 42% and an operating margin above 24%, indicating that by 2028, the company could achieve an EPS of around $8-9, which will be a substantial increase from forecasts of under $4 in fiscal 2025. Considering these ambitious targets, Raymond James lifted the stock's target price to account for the anticipated gross margin expansion and growth in the industrial laser sector. Moreover, on May 7, Coherent Corp. (NYSE: COHR) reported impressive results for the third quarter of fiscal 2025, with revenue increasing 24% year-over-year to $1.5 billion, driven by strong demand for AI-related data centers. Earnings per share were posted at $0.91, beating estimates by five cents. While we acknowledge the potential of COHR 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 COHR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. 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
Yahoo
23-05-2025
- Business
- Yahoo
Snowflake (SNOW)'s AI Tools Drive Momentum—Analyst Boosts Price Target
We recently published a list of . In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against other best AI stocks on latest news and ratings. Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform. One of the most notable analyst calls on Thursday, May 22, was for Snowflake Inc. Raymond James analyst Simon Leopold maintained an 'Outperform' rating and raised the price target on the stock to $212.00 (from $196.00). The rating follows Snowflake's robust first-quarter earnings for 2026, surpassing expectations. A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. Citing its positive quarterly report, the management is optimistic about its future performance, particularly its new opportunities and sustained momentum. The firm particularly talked about the strong traction with Snowflake's Cortex, its suite of AI tools for customers to run generative AI and deep analytics applications on their existing data. While the firm is cautious about the deteriorating macro environment, it is positive about the company's momentum and new product growth. Overall, SNOW ranks 4th on our list of best AI stocks on latest news and ratings. 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 AI stock that is more promising than SNOW and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Globe and Mail
14-05-2025
- Business
- Globe and Mail
Super Micro Just Nabbed a $20 Billion Partnership. Should You Buy SMCI Stock Now?
Supermicro (SMCI) shares are up more than 17% this afternoon after the AI server giant announced a $20 billion AI infrastructure deal with DataVolt – a data center company based out of Saudi Arabia. The multi-year agreement will expedite delivery of GPU platforms and rack systems to hyperscale AI campuses that DataVolt has in Saudi Arabia as well as in the U.S., a press release confirmed on Wednesday. Including today's rally, SMCI stock is up more than 50% versus its recent 1-month low. Significance of DataVolt Deal for Supermicro Stock Teaming up with DataVolt is significant for Super Micro Computer as it solidifies its presence in Saudi Arabia – a nation that's investing rather heavily in AI infrastructure. Additionally, a deal of this scale meaningfully expands SMCI's revenue pipeline and reinforces its growth trajectory in the rapidly growing artificial intelligence market. It's a multi-year agreement, which means sustained revenue, reduced uncertainty, and improved earnings visibility for Supermicro investors. They're cheering the DataVolt news because it arrived at a time when SMCI stock was struggling due to a revenue slowdown. In Q3, the Nasdaq-listed firm generated $4.6 billion in revenue – well below $5.42 billion that analysts had forecast. Raymond James Initiates SMCI Shares at 'Outperform' Supermicro stock is rallying at the time of writing also because a Raymond James analyst, Simon Leopold, assumed coverage of the AI server company with an 'Outperform' rating this week. SMCI is a 'market leader in AI-optimized infrastructure' that's strongly positioned to expand its market share moving forward, he told clients in a research note on May 13. Leopold acknowledged near-term challenges facing Super Micro Computer in his report but said a compound annualized revenue growth rate of more than 25% support a re-rating. Is There Any Further Upside Left in Super Micro Computer? Note that consensus estimates, however, suggest much of the good news is already baked into the SMCI stock price at current levels. Wall Street currently rates Supermicro at 'Hold' on average, with the mean target of $44.37 indicating potential downside from here.
Yahoo
14-05-2025
- Business
- Yahoo
Dell Technologies Stock Gets Price Target Boost from Top Analyst
Dell Technologies (DELL) is back in the spotlight as a leading Wall Street firm raises its price target on the stock, citing continued strength in the company's AI-driven growth and enterprise demand. Notably, five-star-rated analyst Simon Leopold from Raymond James lifted his price target on Dell stock from $139 to $144, while keeping his Buy rating. The bullish call comes amid growing investor interest in tech stocks benefiting from digital transformation and AI infrastructure spending. Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Leopold updated his outlook on Dell, pointing to challenges with new AI chips and changes in the PC market. Still, Dell's stock is gaining, up over 10% in the past week, partly due to increased PC buying ahead of possible tariffs. While near-term AI sales may face pressure, Leopold remains upbeat, expecting Dell to grow faster than usual as AI adoption expands across businesses. Leopold believes that as AI shifts from training to real-world use, more businesses will adopt it, benefiting Dell in the long run. His updated price target shows continued confidence in Dell's ability to grow beyond 2025 despite current market challenges. Over the last few quarters, Dell has been capitalizing on the surging demand for AI by expanding its Infrastructure Solutions Group (ISG). This division provides essential IT offerings, including servers, data storage systems, and cloud infrastructure services. Main Street Data shows Dell generated $11.4 billion in revenue from its Infrastructure Solutions Group (ISG) in the fiscal fourth quarter ending January 31, 2025. This marked a 22% jump from the previous year, making up over 45% of the company's total revenue. Meanwhile, ISG EBIT has steadily increased over the past few quarters, reaching $2.05 billion in Q4 FY25. Below is the screenshot for reference. This impressive growth underscores Dell's successful pivot toward infrastructure services. While this could mean greater stability, it might also imply slower momentum ahead for its consumer hardware business. Looking ahead, investors are eager to see if Dell can maintain its momentum in the upcoming quarterly earnings report, scheduled for May 29. According to TipRanks, DELL stock has received a Strong Buy consensus rating, with 11 Buys and three Holds assigned in the last three months. The average Dell share price target is $128.53, suggesting a potential upside of 25% from the current & DisclosureReport an Issue 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
