Latest news with #Woodring
CNBC
3 days ago
- 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.
Yahoo
01-05-2025
- Entertainment
- Yahoo
Restaurant Road Trip: Neighborhood Kombuchery
MORGANTOWN, (WBOY) — Spring is here and as it continues to warm up, you may be thirsty for a refreshing drink. If so, one Morgantown business can keep you guessing with its quenching and creative kombucha flavors. If you've ever wondered what blue milk tastes like in Star Wars, the Neighborhood Kombuchery in Morgantown has taken a crack at it for you to try. If you're not familiar with kombucha, it's 'a fermented tea in its short form. And, we take a sweet tea, and we add a culture to it, a SCOBY—a symbiotic culture of bacteria and yeast—and we let that ferment until we deem it tastes good,' according to brewer Cody Woodring. Founded in 2019 by Carissa Herman and her husband Andrew Rhodes, the Neighborhood Kombuchery has quickly expanded to local businesses and now distributes all over the state and even into Pennsylvania and Maryland. At the Kombuchery, you can opt to get flavors on tap or canned, and for special flavors like blue milk, it is only available on tap during the week of May 4, known by Star Wars fans as 'May the Fourth be with You.' Restaurant Road Trip: Mora Bakery Inspired by a former brewery's own blue milk beer, the Kombuchery got to work on figuring out how to make the unique flavor. 'So, we don't have 'Banthas,' but we have bananas, and bananas when they are not quite as ripe…have more carbohydrates in them and starches, which are opaque, so we are basically juicing bananas and throwing them in there,' Woodring said. For the blue pop of color, they use blue spirulina, a natural dye. And just like with its blue milk flavor, the Kombuchery uses natural dyes and ingredients to flavor its drinks. 'Usually when we're flavoring, if we're infusing like a dry herb we let it sit for a day or two to kind of mix into the things. This one is a nice one to let sit for a bit so the pulp from the banana settles out before we package it up and carbonate it,' Woodring said. 12 News's Barbara Ron tasted the unique flavor, and said that 'you can taste the bananas, but it's not, like, annoying and sweet like in a banana bread or something. It's light.' The Neighborhood Kombuchery is located at 119 Pleasant St. in Morgantown and is open from 3-7 p.m. on Fridays. On Saturdays, you can find them at the Morgantown Farmers Market. For more information, you can visit here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Insider
30-04-2025
- Business
- Business Insider
‘Don't Expect Much on Earnings,' Says Morgan Stanley About Apple Stock
Apple (NASDAQ:AAPL) is gearing up to report its fiscal second-quarter results (March quarter) this Thursday (May 1) after the bell, and Wall Street is watching closely. As the market's most valuable company, Apple always commands attention – but this time, it's not about how the quarter went. Protect Your Portfolio Against Market Uncertainty Morgan Stanley analyst Erik Woodring anticipates Apple will slightly top expectations for both the March results and the June guidance, though gross margins next quarter may take a slight hit from tariff-related pressures. 'However,' Woodring adds, 'this is already well expected.' What will really shape post-earnings sentiment is how Apple addresses broader uncertainties – or as Woodring puts it, 'everything else.' These include its strategy for managing short- and long-term tariff-related supply chain risks and their impact on costs and margins; whether current demand is sustainable or simply being pulled forward; the timeline for an updated Siri and any changes to Apple's AI strategy following recent personnel shifts; the approval status of Apple Intelligence in China and the effects of 'nationalistic behavior'; potential future price hikes to offset tariffs; and the company's current relationship with Presidents Trump and Xi. That said, Woodring is skeptical Apple will delve into these issues. 'We believe it's unlikely many of these key debates are addressed at earnings, and therefore don't see the print as a key catalyst for the stock,' he explained. 'However, we expect some clarity to emerge on tariffs, China, AI, iPhone growth, and/or regulatory in the coming 12 months.' Despite the near-term uncertainty, Woodring remains bullish. He calls Apple the 'most-underowned megacap in the world,' reiterates his Overweight (i.e., Buy) rating, and bumps his price target from $220 to $245. The new figure makes room for one-year returns of 16%. (To watch Woodring's track record, click here) 18 other analysts join Woodring in the AAPL bull camp and with the addition of 12 Holds and 3 Sells, the consensus view is that the stock is a Moderate Buy. At $236.93, the average price target implies shares will gain 12% in the months ahead. (See AAPL stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
