Latest news with #WilliamPower
Business Insider
2 days ago
- Business
- Business Insider
Snowflake Stock (SNOW) Continues to See Buy Ratings Pour In from Top Analysts
Analysts appear to have a positive view of software stock Snowflake (SNOW), as they see strong growth potential ahead. Indeed, five-star Jefferies analyst Brent Thill recently raised his price target on the stock from $220 to $250 and kept a Buy rating. While Snowflake didn't make any major announcements at its recent user conference, Jefferies noted that the company's quick innovation is driving excitement. One key example is Snowflake Intelligence, which is an early-stage product that is 'generating strong buzz' and could help the company expand its market presence. Confident Investing Starts Here: Separately, five-star analyst William Power from Baird also reiterated a Buy rating on Snowflake and pointed to several reasons for his bullish view. To begin with, the company's new Cortex/ AI product is expected to drive future growth, and Snowflake's focus on improving data access and analytics gives it an edge in today's data-driven world. At the same time, Snowflake is expanding its distribution network and strengthening its sales strategies. Another growth driver is the Gen2 Warehouses offering, which provides faster computing and better pricing. In addition, five-star Stifel Nicolaus analyst Brad Reback shared this optimism and maintained a Buy rating after the user conference. Reback noted that customers and partners are increasingly choosing Snowflake over competitors like Databricks for data science, engineering, and machine learning projects. Customers also gave very positive feedback on Snowpark, and many are excited about Openflow, which is a new tool that could remove the need for older middleware ETL platforms. Finally, Snowflake continues to lead in its core SQL business while gaining traction in newer tech. Is SNOW a Good Buy Right Now? Overall, analysts have a Strong Buy consensus rating on SNOW stock based on 34 Buys, six Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average SNOW price target of $226.74 per share implies 7.6% upside potential.
Yahoo
3 days ago
- Business
- Yahoo
KeyBanc Initiates Coverage Of Twilio (TWLO) with Overweight Rating
Twilio Inc. (NYSE:TWLO) is one of the 10 tech stocks on Wall Street's radar right now. On June 6, KeyBanc initiated coverage of Twilio Inc. (NYSE:TWLO) with a $146 price target and an Overweight rating as part of the firm's broader look at enterprise software stocks. The firm noted that the company's recent momentum could continue, which could be driven by a sharper focus on its main products and improvements in its go-to-market execution. Over the last month, Twilio's (NYSE:TWLO) stock has gained nearly 15.7%. A software developer in front of a monitor, coding to build the latest internet content & information. Earlier on May 14, Baird analyst William Power reaffirmed a Buy rating on Twilio (NYSE:TWLO) with a $130 price target. The firm had previously cut the price target for the company in April from $160 to $130. Power's view shows confidence in the company's progress in conversational AI and its collaboration with Microsoft. Moreover, tools like ConversationRelay and its integration with Segment are seen as Twilio's (NYSE:TWLO) main strengths. The company's platform upgrades, including new AI and customer data features, signal strong innovation. Twilio (NYSE:TWLO) provides a platform that helps businesses manage customer interactions through messaging, voice, email, and user verification. Furthermore, the company offers tools to personalize experiences using real-time data and AI features. While we acknowledge the potential of TWLO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. 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
24-05-2025
- Business
- Yahoo
Robert W. Baird's Buy on Zoom (ZM) Driven by Innovation-Led Growth
Following the company's strong Q1 2026 (FY ends in January) results, Robert W. Baird analyst William Power published a note on May 22, highlighting his conviction in Zoom Communications Inc. (NASDAQ:ZM) and Buy rating. The company exhibited a solid performance in Q1, exceeding market expectations across revenue, EPS, and free cash flows. The number of customers contributing more than $100,000 in trailing 12-month revenue, an essential metric for gauging engagement, was up 8.0% year-over-year, implying growing enterprise adoption and sustained customer engagement. Antonio Guillem/ The analyst was particularly encouraged by Zoom's strong traction of its newer products and continued investments in improving customer experience. In his view, the robust results emphasized Zoom's platform's strength and commitment to AI-driven innovation. Power's confidence was further boosted as the company raised its revenue guidance for FY 2026 by around $15 million to $4.80-4.81 billion. The management attributed this hike to better pricing in the online division. Power also acknowledged the company's stock repurchase program and solid financial position to support his optimistic view. The analyst has a $100 price target on Zoom Communications (NASDAQ:ZM). Zoom Communications Inc. (NASDAQ:ZM) is a communications and collaboration technology company best known for its videoconferencing applications, Zoom and Zoom Workplace. Its video-first platform offers a range of communication tools, including video meetings, voice services, webinars, and chat. While we acknowledge the potential of ZM 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 ZM and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. 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
24-05-2025
- Business
- Yahoo
Robert W. Baird's Buy on Zoom (ZM) Driven by Innovation-Led Growth
Following the company's strong Q1 2026 (FY ends in January) results, Robert W. Baird analyst William Power published a note on May 22, highlighting his conviction in Zoom Communications Inc. (NASDAQ:ZM) and Buy rating. The company exhibited a solid performance in Q1, exceeding market expectations across revenue, EPS, and free cash flows. The number of customers contributing more than $100,000 in trailing 12-month revenue, an essential metric for gauging engagement, was up 8.0% year-over-year, implying growing enterprise adoption and sustained customer engagement. Antonio Guillem/ The analyst was particularly encouraged by Zoom's strong traction of its newer products and continued investments in improving customer experience. In his view, the robust results emphasized Zoom's platform's strength and commitment to AI-driven innovation. Power's confidence was further boosted as the company raised its revenue guidance for FY 2026 by around $15 million to $4.80-4.81 billion. The management attributed this hike to better pricing in the online division. Power also acknowledged the company's stock repurchase program and solid financial position to support his optimistic view. The analyst has a $100 price target on Zoom Communications (NASDAQ:ZM). Zoom Communications Inc. (NASDAQ:ZM) is a communications and collaboration technology company best known for its videoconferencing applications, Zoom and Zoom Workplace. Its video-first platform offers a range of communication tools, including video meetings, voice services, webinars, and chat. While we acknowledge the potential of ZM 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 ZM and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. 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
09-04-2025
- Business
- Yahoo
Apple rebounds as Trump's super-sized China tariffs kick in
Apple (AAPL) shares took a hit after Trump's initial 54% tariff, as Wall Street weighed how the company would cope. Although there was a brief rebound Tuesday morning, concerns returned swiftly in the afternoon. The stock opened at $186.73 and climbed to $190.34, but selling pressure resumed following the tariff announcement and a broader market sell-off. Apple closed down 4.98% on Tuesday. In premarket trading on Wednesday, Apple rose more than 1% after the US confirmed it would impose a 104% levy on Chinese imports, effective the same day. President Trump had said he would apply a 34% tariff on top of an existing 20% tax on Chinese goods during his "Liberation Day" press event on April 2, bringing the total tariff to 54%. In a post on Truth Social on Monday, Trump said he would add an additional 50% tariff on April 9 if China didn't withdraw its 34% tax by Tuesday. Apple builds the majority of its iPhones in China, despite an effort to move more manufacturing to India. Trump has also placed a 26% tariff on goods from that country as well. Baird Equity Research analyst William Power was already projecting the potential for Apple's gross margins to drop from 46.8% to 44.4% in 2025 and to 41.6% in 2026 under Trump's prior tariff plan, and the additional levy is bound to have a greater impact. It's unclear how Apple will deal with the increase. The company won an exemption from tariffs during Trump's first term, but there's no guarantee it will be successful this time around. During a press briefing on Tuesday, White House press secretary Karoline Leavitt said Trump "believes we have the labor, we have the workforce, we have the resources" to bring iPhone manufacturing to the US. But, according to Wedbush's Dan Ives, doing so would take years and cause iPhone prices to skyrocket. "The reality is it would take 3 years and $30 billion in our estimation to move even 10% of [Apple's] supply chain from Asia to the US with major disruption in the process," Ives wrote in an April 3 investor note. Read more: What Trump's tariffs mean for the economy and your wallet "If consumers want a $3,500 iPhone we should make them in New Jersey or Texas or another state ... The concept of making iPhones in the US is a non-starter in our view at $1,000. Price points would move up so dramatically it's hard to comprehend and the near-term margin impact on Apple's gross margins during this tariff war could be mind boggling for this US tech stalwart." Email Daniel Howley at dhowley@ Follow him on Twitter at @DanielHowley.
