
Ord Minnett Reaffirms Their Buy Rating on Meteoric Resources NL (MEI)
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Meteoric Resources NL with a A$0.27 average price target.
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IonQ CEO drops bold call on quantum computing's tipping point
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D-Wave released the first commercial system back in 2011. IBM put quantum processors on the cloud in 2016. And in 2019, Google claimed 'quantum supremacy,' following it up with the Willow processor last year, which nailed a random circuit sampling task in under five task would have taken traditional supercomputers roughly 10 septillion years to perform! Today, we have systems that are scaling into thousands of qubits, representing the core units of quantum processing. What's changed is speed, money, and competing tech stacks. IonQ, for example, uses trapped-ion tech, boasting what it calls 'industry-best gate fidelity,' meaning its super-accurate operations. It combines that with 'full qubit connectivity,' where each qubit can communicate efficiently, a major edge in solving complex problems. Also, it recently raised $1 billion, bringing its cash war chest to an eye-catching $1.68 billion. Similarly, there's D-Wave's 4,400+ qubit Advantage2, which tackles optimization problems like logistics and supply chains with ease. Rigetti, using superconducting tech, showed off a modular chip design that aims for 99.5% fidelity, signaling virtually flawless processing. IBM is still a force to be reckoned with, working on error-corrected systems through its new Loon and Nighthawk chips. Meanwhile, Microsoft, Nvidia, and Google continue investing heavily in quantum labs. The quantum-AI fusion that could reshape entire industries Perhaps the biggest step up for quantum computing is its seamless and robust fusion with AI. According to Grand View Research, the sector was valued at a whopping $1.42 billion last year, potentially growing to $4.24 billion by 2030 (a 20.5% CAGR).The Boston Consulting Group takes that up a notch or two, saying quantum technologies could unlock a whopping $450 billion to $850 billion in economic value by 2040. That includes a tremendous $170 billion opportunity for hardware and software providers. What sets quantum apart from other tech is its ability to solve 'combinatorially hard' problems. Think of simulating molecules for drug discovery or optimizing financial portfolios, which traditional computers might not be able to crack within a reasonable time. And now, AI is becoming quantum's biggest accelerant. AI models typically face bottlenecks in training and optimization. However, quantum algorithms can significantly shrink machine learning cycles from weeks to hours. At the same time, AI tools are building upon and improving quantum systems, using pattern recognition to efficiently stabilize qubits and correct errors in real time. Also, quantum-augmented AI is arguably the most critical piece of the puzzle in transforming autonomous systems, while enabling vehicles and robots to make split-second decisions in no time. As both technologies mature, their powerful synergy will unlock massive upside for finance, health care, logistics, and national security. IonQ CEO says quantum supremacy is 'just around the corner' IonQ CEO Niccolo de Masi believes we're on the cusp of a computing revolution. In a CNBC interview, de Masi declared that the 'era of quantum supremacy' is approaching quickly, with that tipping point expected 'within a few quarters or low single-digit years.'Needless to say, the stakes are massive in the quantum computing space, and the market has responded in kind. IONQ stock is up over 179% in the past nine months, led by bullish bets on breakthroughs in encryption and networking. IonQ stands out for its scalable systems that can effectively operate at room temperature (a key bottleneck), offering both quantum processors and secure quantum networking hardware. Also, de Masi highlighted IonQ's momentum in partnerships. 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J.P. Morgan Doubles Down on These 2 Stocks
Markets are riding high this week, reaching all-time records, as anticipation builds around a strong Q2 earnings season for tech. It's a sharp turnaround from the volatility that rattled investors just a few months ago. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Offering his take on the current landscape, JPMorgan global market strategist Jordan Jackson summed it up with one word: 'resilient.' He noted that companies responded to recent uncertainty with swift and decisive cost-cutting, freezing hiring, trimming workforces, and renegotiating supply chain burdens to weather the storm. 'When you look at the broader backdrop, you've got to look at resiliency in some of the earnings. And I think we'll see that in some of the tech earnings,' Jackson explained in a recent interview. Jackson's optimism doesn't stop at Q2. 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HPE is known as an innovator in its field, developing AI-native and edge-to-cloud systems to meet customers' needs in all areas of business operations. Those areas include everything from business intelligence to data collation and security, to edge computing and hybrid cloud ops, to the latest AI applications. Earlier this year, HPE announced a $14 billion merger with Juniper Networks, a transaction that is widely expected to boost HPE's AI-native and cloud capabilities. The acquisition was closed on July 2, and HPE believes the move will bring $600 million in cost synergies over the next three years. Turning to the company's financials, in fiscal 2Q25 (April quarter), we find that HPE's revenue, at $7.6 billion, was up 6% year-over-year and beat the forecast by $130 million. At the bottom line, the company's non-GAAP earnings came to $0.38 per share, or 5 cents per share better than had been anticipated. JPM's Samik Chatterjee, an analyst ranked amongst the top 3% of Street stock experts, sees HPE with both a sound foundation and bright prospects, and he describes that in a recent note. Writing of the stock, the tech expert says, 'We rate shares of HP Enterprise (HPE) at an Overweight (OW) rating, given its solid position across servers, storage, and networking — the latter of which has been bolstered by the acquisition of Juniper, increasing its mix of higher-margin, less cyclical revenue relative to broader IT hardware equipment. Importantly, we see this as not only providing further headroom for upside relative to revenue and earnings growth over the coming years, particularly with the latter further reinforced by sizable cost synergies, but also driving upward pressure on the multiple that investors are willing to ascribe to the shares, which is set against the backdrop of the shares historically trading at a discount relative to the broader peer group.' The Overweight (i.e., Buy) rating noted above comes along with a $30 price target, suggesting a gain of 46% by this time next year. (To watch Chatterjee's track record, click here) HPE shares have a Moderate Buy consensus rating, based on 15 recent analyst reviews with an almost even split of 8 Buys and 7 Holds. The stock is priced at $20.51 and its $24.38 average price target implies an upside of 19% in the next 12 months. (See HPE stock forecast) California Resources Corporation (CRC) The second stock on our JPM-backed list is an energy company, California Resources. This is one of the many independent exploration and production companies operating in the North America hydrocarbon sector; as its name suggests, California Resources focuses its activities in the State of California. That's a rich field for an oil and gas producer – California is the seventh-largest oil-producing state in the Union, and one of the world's largest oil and gas regions. 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This was up an impressive 101% year-over-year, and beat expectations by more than $50 million. At the bottom line, the company realized a non-GAAP EPS of $1.07, which was 30 cents better than the forecast. The company's free cash flow of $131 million was up 11% from the prior quarter. Watching this stock for JPM, analyst Zach Parham sees plenty of value here for investors. He is impressed by the company's prospects for further growth in the second half of this year, writing, 'We believe the stock is undervalued on a sum-of-the-parts basis… We see the potential for value to be realized if drilling permit approvals resume in California, something we believe is possible in 2H25. Additionally, CRC has a unique set of non-PDP assets (Carbon Management, the Elk Hills Power Plant, and Huntington Beach real estate) that we value at an incremental ~$16 per share. CRC also has a number of unique catalysts in 2H25+ that should provide a pathway to further value creation, including 1) the expected first injection of CO2 from CRC's Carbon Management Business (CMB), 2) the potential passage of CA AB 881, which would allow for the construction of CO2 pipelines in CA and provide a pathway for CRC to further grow its CMB, 3) the potential restart of drilling permit approvals in CA, providing an opportunity for CRC to slow production declines, and 4) a potential PPA at the CRC-owned Elk Hills Power Plant.' These comments support Parham's Overweight (i.e., Buy) rating on the shares, while his $63 price target points toward a gain of 26% going into next year. (To watch Parham's track record, click here) California Resources has earned a Strong Buy consensus rating from the Street's analysts, based on 10 reviews that feature a lopsided split of 9 Buys and 1 Hold. The stock is currently selling for $50, and its $58 average price target suggests that the shares have an upside of 16% on the one-year horizon. (See CRC 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. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio


Business Insider
8 hours ago
- Business Insider
Wells Fargo Keeps Their Buy Rating on TransUnion (TRU)
Wells Fargo analyst Jason Haas CFA maintained a Buy rating on TransUnion yesterday and set a price target of $118.00. The company's shares closed yesterday at $99.22. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Haas CFA is ranked #749 out of 9862 analysts. In addition to Wells Fargo, TransUnion also received a Buy from BMO Capital's Ryan Griffin CFA in a report issued yesterday. However, on the same day, Goldman Sachs maintained a Hold rating on TransUnion (NYSE: TRU). Based on TransUnion's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.14 billion and a net profit of $287.8 million. In comparison, last year the company earned a revenue of $1.04 billion and had a net profit of $85 million