Latest news with #Ikeda
Yahoo
a day ago
- Business
- Yahoo
GitLab's (GTLB) Strategic AI Moves Are Fueling a Bullish Outlook
GitLab Inc. (NASDAQ:) is one of the . On June 25, Bank of America Securities analyst Koji Ikeda maintained a 'Buy' rating on the stock and set a price target of $72.00. Ikeda's Buy rating reflects GitLab's strategic positioning and growth potential. The stock has been gaining attention, particularly due to the integration of AI capabilities throughout its DevSecOps workflows. This is especially true with version 18.0, which includes Duo features in Premium and Ultimate tier subscriptions. These changes could help the company monetize by reaching more users. The enhancements are anticipated to boost GitLab's revenue growth trajectory, with GitLab poised to be a long-term leader in the $53 billion DevSecOps market. Moreover, the company's focus on its AI agentic offering, especially the Duo Agent Platform, is expected to enhance developer productivity by automating a substantial portion of development workflows. GitLab also focuses on security and compliance, making it a suitable choice for enterprises that seek comprehensive solutions. Furthermore, more companies are hiring software developers once again, which supports the demand for GitLab's seat-based pricing model. All of these factors reinforce the firm's Buy rating and the price objective of $72. GitLab Inc. (NASDAQ:GTLB) develops software for the software development lifecycle in the US, Europe, and the Asia Pacific. While we acknowledge the potential of GTLB 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: 10 AI Stocks in the Spotlight and Disclosure: None.
Yomiuri Shimbun
a day ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Ends at 6-Month High, Tracking Wall Street Rally
TOKYO, June 27 (Reuters) – Japan's Nikkei share average closed at a six-month high on Friday, as technology stocks tracked Wall Street's robust finish overnight. The Nikkei jumped 1.43% to 40,150.79, its highest closing level since December 27. The index rose 4.6% for the week, its sharpest weekly gain since the week of September 23, 2024. The broader Topix rose 1.28% to 2,840.54, gaining 2.5% for the week. 'Investors finally became willing to make long positions on U.S. stocks, underpinned by positive news around easing tensions in the Middle East and expectations for the interest rate cut,' said Takamasa Ikeda, senior portfolio manager at GCI Asset Management. 'Japanese equities mirrored the U.S. trend, led by stocks which are popular among foreign investors.' Overnight, Wall Street finished higher, with the S&P 500 and the Nasdaq just shy of record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the Federal Reserve lowering borrowing costs this year. In Japan, technology stocks rose, with chip-making equipment maker Tokyo Electron jumping 4.3% to boost the Nikkei the most. Tech start-up investor SoftBank Group rose 2.54%. Defense-related stocks Kawasaki Heavy Industries and Mitsubishi Heavy Industries rose 6.15% and 2.71%, respectively, on expectations of increased defense spending in Japan. Bucking the trend, chip-testing equipment maker Advantest lost 1.07%, weighing the most on the index, as investors booked profits from its more than 40% rise this month. 'Still, the rally on overall IT-related shares will continue. The market is just relocating their targets,' Ikeda said. Of the more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 72% rose, 24% fell and 2% traded flat.
Business Times
a day ago
- Business
- Business Times
Japan's Nikkei ends at 6-month high, tracking Wall Street rally
[TOKYO] Japan's Nikkei share average closed at a six-month high on Friday (Jun 27), as technology stocks tracked Wall Street's robust finish overnight. The Nikkei jumped 1.43 per cent to 40,150.79, its highest closing level since Dec 27. The index rose 4.6 per cent for the week, its sharpest weekly gain since the week of Sep 23, 2024. The broader Topix rose 1.28 per cent to 2,840.54, gaining 2.5 per cent for the week. 'Investors finally became willing to make long positions on US stocks, underpinned by positive news around easing tensions in the Middle East and expectations for the interest rate cut,' said Takamasa Ikeda, senior portfolio manager at GCI Asset Management. 'Japanese equities mirrored the US trend, led by stocks which are popular among foreign investors.' Overnight, Wall Street finished higher, with the S&P 500 and the Nasdaq just shy of record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the Federal Reserve lowering borrowing costs this year. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up In Japan, technology stocks rose, with chip-making equipment maker Tokyo Electron jumping 4.3 per cent to boost the Nikkei the most. Tech start-up investor SoftBank Group rose 2.54 per cent. Defence-related stocks Kawasaki Heavy Industries and Mitsubishi Heavy Industries rose 6.15 per cent and 2.71 per cent, respectively, on expectations of increased defence spending in Japan. Bucking the trend, chip-testing equipment maker Advantest lost 1.07 per cent, weighing the most on the index, as investors booked profits from its more than 40 per cent rise this month. 'Still, the rally on overall IT-related shares will continue. The market is just relocating their targets,' Ikeda said. Of the more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 72 per cent rose, 24 per cent fell and 2 per cent traded flat. REUTERS
Time of India
a day ago
- Business
- Time of India
Japan's Nikkei hits 40,000 level, ends at 6-month high tracking Wall Street rally
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Japan's Nikkei share average closed at a six-month high on Friday, as technology stocks tracked Wall Street's robust finish Nikkei jumped 1.43% to 40,150.79, its highest closing level since December 27. The index rose 4.6% for the week, its sharpest weekly gain since the week of September 23, broader Topix rose 1.28% to 2,840.54, gaining 2.5% for the week."Investors finally became willing to make long positions on U.S. stocks, underpinned by positive news around easing tensions in the Middle East and expectations for the interest rate cut," said Takamasa Ikeda, senior portfolio manager at GCI Asset Management."Japanese equities mirrored the U.S. trend, led by stocks which are popular among foreign investors."Overnight, Wall Street finished higher, with the S&P 500 and the Nasdaq just shy of record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the Federal Reserve lowering borrowing costs this Japan, technology stocks rose, with chip-making equipment maker Tokyo Electron jumping 4.3% to boost the Nikkei the most. Tech start-up investor SoftBank Group rose 2.54%. Defence-related stocks Kawasaki Heavy Industries and Mitsubishi Heavy Industries rose 6.15% and 2.71%, respectively, on expectations of increased defence spending in the trend, chip-testing equipment maker Advantest lost 1.07%, weighing the most on the index, as investors booked profits from its more than 40% rise this month."Still, the rally on overall IT-related shares will continue. The market is just relocating their targets," Ikeda the more than 1,600 stocks trading on the Tokyo Stock Exchange 's prime market, 72% rose, 24% fell and 2% traded flat.
Business Recorder
a day ago
- Business
- Business Recorder
Japan's Nikkei ends at 6-month high, tracking Wall Street rally
TOKYO: Japan's Nikkei share average closed at a six-month high on Friday, as technology stocks tracked Wall Street's robust finish overnight. The Nikkei jumped 1.43% to 40,150.79, its highest closing level since December 27. The index rose 4.6% for the week, its sharpest weekly gain since the week of September 23, 2024. The broader Topix rose 1.28% to 2,840.54, gaining 2.5% for the week. 'Investors finally became willing to make long positions on U.S. stocks, underpinned by positive news around easing tensions in the Middle East and expectations for the interest rate cut,' said Takamasa Ikeda, senior portfolio manager at GCI Asset Management. 'Japanese equities mirrored the U.S. trend, led by stocks which are popular among foreign investors.' Overnight, Wall Street finished higher, with the S&P 500 and the Nasdaq just shy of record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the Federal Reserve lowering borrowing costs this year. In Japan, technology stocks rose, with chip-making equipment maker Tokyo Electron jumping 4.3% to boost the Nikkei the most. Tech start-up investor SoftBank Group rose 2.54%. Japan's Nikkei ends at over 4-month high Defence-related stocks Kawasaki Heavy Industries and Mitsubishi Heavy Industries rose 6.15% and 2.71%, respectively, on expectations of increased defence spending in Japan. Bucking the trend, chip-testing equipment maker Advantest lost 1.07%, weighing the most on the index, as investors booked profits from its more than 40% rise this month. 'Still, the rally on overall IT-related shares will continue. The market is just relocating their targets,' Ikeda said. Of the more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 72% rose, 24% fell and 2% traded flat.
