Latest news with #Woodring
Yahoo
03-07-2025
- Business
- Yahoo
Dell Technologies Positioned for AI-Driven Growth, Says Morgan Stanley
Dell Technologies Inc. (NYSE:DELL) is one of the 20 undervalued momentum stocks that are taking off. On June 26, Morgan Stanley's Erik Woodring reiterated his Buy rating on Dell Technologies, maintaining a price target of $135. His outlook was based on Dell's solid position which enables it to benefit from accelerating demand for AI servers, which he believes could drive earnings meaningfully above current expectations. According to Woodring, while the ramp-up in AI infrastructure may introduce pressure on operating margins, Dell should be able to manage these challenges effectively through disciplined cost control. While the company is transitioning towards a more capital-intensive product mix, the analyst highlights that Dell's operational efficiency should support its margins. In addition, the management's execution in its core storage business is expected to offset potential headwinds and support overall margin expansion. A network administrator monitoring a data center, with a wall of servers in the background. In essence, Woodring's investment case for Dell rests on the company's ability to convert its AI server momentum into sustainable earnings growth while maintaining margin discipline. In his view, better operating margins could prove to be a catalyst for substantial share price upside. Dell Technologies Inc. (NYSE:DELL) is a key player in IT infrastructure modernization. Its extensive product portfolio includes personal computers, servers, storage solutions, networking, software, and cybersecurity. While we acknowledge the potential of DELL 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: and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None.
Yahoo
03-07-2025
- Business
- Yahoo
Morgan Stanley Hikes Western Digital (WDC) Target to $78, Reaffirms Bullish View
Western Digital Corporation (NASDAQ:WDC) is one of the 20 undervalued momentum stocks that are taking off. Morgan Stanley analyst Erik Woodring, on June 17, reinforced his positive stance on Western Digital (WDC), raising the price target to $78 from $70 following recent discussions with company management. His Overweight rating remains unchanged, reflecting increased confidence in WDC's earnings potential and strategic positioning in the HDD segment. Woodring has revised his long-term EPS estimates upward by up to 10%, citing improvements in gross margin expectations, earlier-than-expected deleveraging, and more timely capital returns. He sees these developments as key factors for re-rating the stock in coming months. A network engineer gazing intently at computer monitors, surrounded by servers and storage systems. Back in May, the analyst had already raised his price target from $54 to $70. In the update, he had stated that Western Digital's could substantially benefit from the surge in data center expansion. While the company still trails Seagate in HAMR technology, the analyst believes HDDs will continue to dominate the storage landscape, given the exponential growth in global data generation. He also viewed WDC's valuation as compelling, as it traded at a notable discount to peers with a PE of less than six times peak EPS. This underlines the stock's potential upside, particularly if supported by continued strength in the HDD cycle, monetization of its SanDisk asset, and improved shareholder returns through potential dividend increases. Western Digital Corporation (NASDAQ:WDC) is a leading developer and manufacturer of data storage devices and solutions. The company's product range includes hard disk drives (HDDs), solid-state drives (SSDs), and external storage systems tailored for both consumer and enterprise markets. While we acknowledge the potential of WDC 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: and 10 Best Tech Stocks to Buy According to Billionaires. 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
CNBC
31-05-2025
- Business
- CNBC
Morgan Stanley says buy these five stocks soon that are set to rally
There's a slew of stocks that have a lot more room to run, according to Morgan Stanley. The firm says overweight-rated companies like Nvidia have plenty of upside and remain top picks in June. Others include: Nubank , Sallie Mae , Seagate and Coupang. Seagate The tech data storage company is just too attractive to ignore, analyst Erik Woodring, wrote following Seagate's analyst day in late May. "The inflection in compute will drive exponential growth in storage demand, and we see STX as a still underappreciated play on this theme at just 7.5x our peak EPS," he wrote. And there's a whole host of more positive catalysts to come for top pick Seagate, too, the firm said. "Tech leadership, premium margins, robust FCF generation, and strong cap returns support EPS upside and multiple re-rating from here," he added. The stock is also an undervalued play in the data center space, too, Woodring says. Shares of Seagate are up 36% this year. Coupang The South Korea e-commerce company was recently named a new top pick at the firm. "Competitors have scrambled to respond, but Coupang's market share gains have continued without a blip," analyst Seyon Park wrote. The firm also raised its price target on the stock to $32 per share from $27 as Coupang is firing on all cylinders. "The company continues to execute well, is relatively insulated from tariff risk, and a beneficiary of a weaker USD [US dollar]," he said. Meanwhile, shares are up 27% and remain compelling. "Valuations also look favorable compared to relevant peers, " he went on to say. Nubank The LatAm bank is a share gainer and a top pick at the firm, according analyst Jorge Kuri and team. "We think the market continues to significantly underestimate Nubank's ability to scale profitably — especially through deeper cross-sell in Brazil," they wrote. The firm says Nubank has a differentiated offering for consumers as a one stop shop for all banking needs. "From leading in primary account relationships and salary deposits, to capturing the lion's share of consumer intent in credit card, personal loan, and payroll loan applications and balance transfers, Nubank is clearly far outpacing incumbent and digital peers," he said. The stock is up almost 16% this year, but Kuri says shares have plenty more room to run. "Nubank leads in both reach and relevance," he said succinctly. Seagate "The inflection in compute will drive exponential growth in storage demand, and we see STX as a still underappreciated play on this theme at just 7.5x our peak EPS. Tech leadership, premium margins, robust FCF generation, and strong cap returns support EPS upside and multiple re-rating from here. ... .A (still) underappreciated play on data growth; PT increases to $140 and we reinstate STX as our Top Pick." Coupang "The company continues to execute well, is relatively insulated from tariff risk & a beneficiary of a weaker USD. Valuations also look favorable compared to relevant peers. ... .Competitors have scrambled to respond, but CPNG's market share gains have continued without a blip. ... .Despite the market uncertainties this year, we are quite comfortable CPNG can deliver on its growth targets, while also being a beneficiary of a weaker US dollar." Nvidia "NVIDIA is putting digestion fears fully to rest, showing acceleration of the business other than the China headwinds around growth drivers that seem durable. Everything should get better from here. Reiterate OW, Top Pick in semis. ... .Bear case is fading and inference trajectory is durable; stay with the story. ... .Most of the themes we have been focused on played out through this quarter." Sallie Mae "SLM remains our Top Pick. ... .SLM exploring potential alternatives to whole loan sales, such as JVs, which we think could drive multiple expansion on more consistent asset-light cash flow. ... .Once we gain further clarity on government policy, we expect SLM will formally issue a range of estimates on how much additional volume it can drive in 2H26/2027." Nubank "We think the market continues to significantly underestimate NU's ability to scale profitably — especially through deeper cross-sell in Brazil. ... .From leading in primary account relationships and salary deposits, to capturing the lion's share of consumer intent in credit card, personal loan, and payroll loan applications and balance transfers, NU is clearly far outpacing incumbent and digital peers. ... .Nubank leads in both reach and relevance."
Business Insider
20-05-2025
- Business
- Business Insider
International Business Machines (IBM) Gets a Hold from Morgan Stanley
In a report released today, Erik Woodring from Morgan Stanley maintained a Hold rating on International Business Machines (IBM – Research Report), with a price target of $233.00. The company's shares closed today at $268.41. Confident Investing Starts Here: 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 According to TipRanks, Woodring is a 3-star analyst with an average return of 2.4% and a 55.98% success rate. Woodring covers the Technology sector, focusing on stocks such as Apple, Seagate Tech, and Dell Technologies. In addition to Morgan Stanley, International Business Machines also received a Hold from BMO Capital's Keith Bachman in a report issued on May 7. However, on May 15, RBC Capital maintained a Buy rating on International Business Machines (NYSE: IBM). Based on International Business Machines' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $14.54 billion and a net profit of $1.06 billion. In comparison, last year the company earned a revenue of $14.46 billion and had a net profit of $1.61 billion Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock.
Business Insider
20-05-2025
- Business
- Business Insider
Analysts Are Bullish on These Technology Stocks: Apple (AAPL), Microsoft (MSFT)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Apple (AAPL – Research Report) and Microsoft (MSFT – Research Report) with bullish sentiments. Confident Investing Starts Here: Apple (AAPL) In a report released today, Erik Woodring from Morgan Stanley maintained a Buy rating on Apple, with a price target of $235.00. The company's shares closed last Monday at $208.78. According to Woodring is a 3-star analyst with an average return of 2.4% and a 56.0% success rate. Woodring covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, International Business Machines, and Dell Technologies. Currently, the analyst consensus on Apple is a Moderate Buy with an average price target of $228.65, which is a 10.0% upside from current levels. In a report issued on May 7, Citi also maintained a Buy rating on the stock with a $240.00 price target. Microsoft (MSFT) Morgan Stanley analyst Keith Weiss maintained a Buy rating on Microsoft today and set a price target of $482.00. The company's shares closed last Monday at $458.87, close to its 52-week high of $468.35. According to Weiss is a top 100 analyst with an average return of 14.5% and a 66.7% success rate. Weiss covers the Technology sector, focusing on stocks such as CoreWeave, Inc. Class A, CrowdStrike Holdings, and Palo Alto Networks. Currently, the analyst consensus on Microsoft is a Strong Buy with an average price target of $509.41, which is a 13.0% upside from current levels. In a report issued on May 5, UBS also maintained a Buy rating on the stock with a $500.00 price target.
