Latest news with #VijayRakesh
Globe and Mail
a day ago
- Business
- Globe and Mail
Top Analysts Stay Bullish on Broadcom Stock (AVGO) Despite Post-Q2 Earnings Decline
Semiconductor company Broadcom (AVGO) reported a modest earnings beat for the second quarter of Fiscal 2025, driven by artificial intelligence (AI)-led demand for its offerings. However, AVGO stock was down more than 4% in Friday's pre-market trading (as of writing), as investors seemed to have lofty expectations from the maker of application-specific integrated circuits, or ASICs. Confident Investing Starts Here: Analysts React to Broadcom's Q2 FY25 Earnings Following the Q2 print, Baird analyst Tristan Gerra highlighted Broadcom's continued strong execution and solid fundamentals. While the 4-star analyst acknowledges that Broadcom is well-positioned to remain the leader in custom AI ASIC solutions, he argues that GPUs (graphics processing units) will continue to play a primary role, including in AI inferencing. He added that Broadcom's AI XPU revenue in 2026 could be mainly driven by new customers, while the Tomahawk 6 offering is expected to drive robust AI networking top-line growth in the first half of FY26. Gerra reaffirmed a Buy rating on AVGO stock but maintained the price target at $210, noting that the stock's valuation is rich, mainly compared to Nvidia (NVDA). He believes that Broadcom stock is trading at an elevated valuation, given his expectation of a 'potential 1H26 slowdown in XPU QoQ revenue comps before new customer ramps take place.' Meanwhile, Mizuho analyst Vijay Rakesh reiterated a Buy rating on Broadcom stock and increased the price target to $310 from $300, noting the company's industry-leading FY25 gross margin and operating margin estimates at about 79% and 65%, respectively, and expectation of free cash flow (FCF)/year growing to about $31 billion. The 5-star analyst pointed out the accelerating AI inference demand and projects Broadcom's AI revenue to grow to about $19 billion in FY25 and nearly $32 billion in FY26. Likewise, Deutsche Bank analyst Ross Seymore boosted the price target for Broadcom stock to $270 from $205 and reiterated a Buy rating. The 5-star analyst noted that the company's results and guidance were essentially in line with expectations, with the AI business delivering upside, the software business remaining steady, and the non-AI semiconductor business witnessing a slower recovery. Seymore contends that while the dearth of a cyclical recovery in the non-AI business could continue to be a headwind into Q4 FY25, he expects investors to 'more eagerly focus' on the rise in Broadcom's AI business. Is AVGO Stock a Buy, Hold, or Sell? Wall Street has a Strong Buy consensus rating on Broadcom stock based on 27 Buys and two Holds. The average AVGO stock price target of $260.39 indicates that the stock is fully valued at current levels. These ratings and price targets could see further revisions, as more analysts are expected to react to Broadcom's results and outlook. See more AVGO analyst ratings Disclaimer & Disclosure Report an Issue
Globe and Mail
a day ago
- Business
- Globe and Mail
New Buy Rating for Broadcom (AVGO), the Technology Giant
Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Broadcom (AVGO – Research Report) yesterday and set a price target of $310.00. The company's shares closed yesterday at $259.93. 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 According to TipRanks, Rakesh is a 5-star analyst with an average return of 11.8% and a 49.30% success rate. Rakesh covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Broadcom. Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $256.04. The company has a one-year high of $265.43 and a one-year low of $128.50. Currently, Broadcom has an average volume of 29.27M. Based on the recent corporate insider activity of 57 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 AVGO in relation to earlier this year. Most recently, in April 2025, Mark David Brazeal, the Chief Legal & Corp Affairs Ofc of AVGO sold 25,000.00 shares for a total of $4,500,000.00.
Yahoo
31-05-2025
- Business
- Yahoo
Applied Materials (AMAT) Sees 40% DRAM Revenue Growth in 2025, Mizuho Maintains Outperform
Mizuho analyst Vijay Rakesh recently lowered the price target on Applied Materials, Inc. (NASDAQ:AMAT) to $195 from $205 and kept an Outperform rating on the shares. AMAT provides equipment, services, and software for the semiconductor industry. The company reported an in-line quarter but faces headwinds in China, the analyst told investors in a research note. A technician in a clean room assembling a semiconductor chip using a microscope. The firm recently posted earnings for the second fiscal quarter, with Gary Dickerson, President and CEO, reporting that his firm delivered strong results across the board, including record earnings per share. Dickerson stated that Applied is well-positioned in areas such as AI, foundry-logic, advanced DRAM, packaging, and power devices. He highlighted that in 2025, AMAT expects revenues from advanced DRAM customers to grow more than 40% as it ramps investments in DDR-5 and high-bandwidth memory. Dickerson revealed strong market adoption of new products, noting that the Sym3 Magnum etch system for advanced patterning has generated more than $1.2 billion of revenue since launched in February 2024. While we acknowledge the potential of AMAT, 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 AMAT 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. Sign in to access your portfolio
Globe and Mail
30-05-2025
- Business
- Globe and Mail
‘Solid as Ever,' Say Top Analysts After Nvidia's Q1 Beat and Strong Blackwell Ramp
American semiconductor giant Nvidia (NVDA) impressed investors with its robust Q1 FY26 results despite ongoing U.S. export restrictions. Revenue rose 69% year-over-year to $44.1 billion, while EPS came in at $0.81, ahead of the $0.74 consensus. The company also confirmed that its next-gen Blackwell chips are now in full production, helping boost its performance. For Q2, Nvidia guided for $45 billion in revenue (±2%), slightly below the Street's $45.66 billion forecast. The shortfall is tied to an expected $8 billion impact from China-related export controls. Confident Investing Starts Here: Following the Q1 print, the stock jumped about 5% in after-hours trading. Two Top analysts raised their price targets, highlighting the company's solid execution and the steady growth in Blackwell demand. Despite ongoing global risks, analysts say Nvidia's strong fundamentals and steady Blackwell ramp show the company remains solid as ever in the market. Analysts Lift NVDA's Price Target on Core Growth and Blackwell Demand Mizuho analyst Vijay Rakesh raised his price target on Nvidia to $170 from $168 and kept a Buy rating. The five-star analyst remained optimistic following the Q1 print, describing the company's $45 billion revenue forecast for the July quarter as 'BETTER than some concerns,' particularly given the drag from ongoing U.S. export restrictions to China. Rakesh noted that Nvidia's Blackwell ramp stood out this quarter. The new architecture now makes up 70% of shipments, showing strong adoption. Although Nvidia faces an estimated $8 billion revenue impact this quarter due to the China ban, Rakesh believes the damage will be 'partially offset' by continued global rollouts of Blackwell. He added that cloud service providers are now deploying over 1,000 Blackwell-based racks per week, and the upcoming launch of the GB300 Ultra should support momentum. Similarly, Piper Sandler's Top analyst Harsh Kumar echoed this view, lifting his price target to $180 from $150 and reaffirming an Overweight rating. He applauded Nvidia's 'strong April quarter,' which exceeded expectations even with the China-related challenges. According to Kumar, the company's core business remains solid, fueled by 'insatiable demand for inferencing' across major partners and customers. Kumar also pointed to improved control over Blackwell manufacturing, which should help gross margins rebound to 72% in the July quarter. In terms of guidance, Kumar believes Nvidia's $45 billion revenue forecast is strong, even though it falls just short of the Street's $45.8 billion estimate. He notes that after excluding the $8 billion impact from China restrictions, Nvidia's revenue is set to grow 22% sequentially, marking its fastest pace in the last six quarters. What Is a Good Price for NVDA? Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 32 Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $164.21 per share implies 21.81% upside potential. See more NVDA analyst ratings
Yahoo
29-05-2025
- Business
- Yahoo
Mizuho Raises Nvidia (NVDA) Price Target to $170 Following Q1 Results, Keeps Buy Rating
On May 29, Mizuho raised its price target on NVIDIA Corporation (NASDAQ:NVDA) from $168 to $170, keeping a Buy rating on the shares. Vijay Rakesh from Mizuho has increased the price target on NVDA following the Q1 print, as the chip maker exceeded revenue estimates. Nvidia reported $44.06 billion in revenue for Q1 2025, surpassing the estimated $43.2 billion mark. The company's Blackwell NVL72AI supercomputer is in mass production as Nvidia continues to grow its AI footprint globally. Nvidia's Blackwell ramp was the highlight this quarter, Rakesh noted. The new architecture now makes up 70% of shipments, indicating robust adoption. Rakesh remains optimistic about Nvidia's growing AI infrastructure presence as the company projects its revenue to be around $45 billion during Q2. The analyst highlights its forecast for the July quarter as 'Better than some concerns,' especially given the drag from ongoing U.S. export limitations to China. The China ban reflects an estimated $8 billion revenue impact in Q1. Rakesh believes that this damage will be 'partially offset' by continued global rollouts of Blackwell. The analyst sees a promising future for Blackwell chips as cloud service providers are installing more than 1,000 Blackwell-based racks per week. Moreover, the upcoming launch of the GB300 Ultra will support this momentum. NVIDIA Corporation (NASDAQ:NVDA) is a full-stack computing infrastructure company, leading the AI chips market. The company is engaged in accelerated computing to help solve various computational problems. Nvidia operates through two segments: Compute & Networking and Graphics. While we acknowledge the potential of NVDA to grow, 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 NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . 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
