Latest news with #JoelFishbein
Business Insider
15-07-2025
- Business
- Business Insider
Gitlab (GTLB) Initiated with a Buy at Rosenblatt Securities
In a report released today, Blair Abernethy from Rosenblatt Securities initiated coverage with a Buy rating on Gitlab and a price target of $58.00. The company's shares closed today at $42.57. 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. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Abernethy covers the Technology sector, focusing on stocks such as Pegasystems, PDF Solutions, and Snowflake. According to TipRanks, Abernethy has an average return of 8.6% and a 62.46% success rate on recommended stocks. In addition to Rosenblatt Securities, Gitlab also received a Buy from Truist Financial's Joel Fishbein in a report issued today. However, on June 30, J.P. Morgan maintained a Hold rating on Gitlab (NASDAQ: GTLB). GTLB market cap is currently $6.94B and has a P/E ratio of 421.56. Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GTLB in relation to earlier this year. Last month, Matthew Jacobson, a Director at GTLB sold 129,400.00 shares for a total of $5,476,208.00.
Globe and Mail
25-06-2025
- Business
- Globe and Mail
Top Analyst Views Microsoft Stock (MSFT) as a ‘Key Beneficiary of AI Adoption'
Joel Fishbein, a top analyst from Truist Securities, views tech giant Microsoft (MSFT) as a 'key beneficiary of AI [artificial intelligence] adoption,' due to the company's partnership with ChatGPT-maker OpenAI. The 5-star analyst reiterated a Buy rating on MSFT stock with a price target of $600, which indicates 23.5% upside potential from the current levels. Microsoft stock has risen 15.3% year-to-date. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Fishbein's bullish comments follow recent reports that Microsoft was considering halting its discussions with OpenAI on some vital issues, including the size of its future stake in the AI startup. OpenAI needs Microsoft's approval to transition into a for-profit structure. Reportedly, MSFT's existing commercial contract gives it access to OpenAI's technology until 2030. Let's look at other reasons supporting Fishbein's Buy rating on Microsoft stock. Truist Analyst Is Bullish on Upside in MSFT Stock Fishbein noted that Microsoft continues to work aggressively to sustain its early lead in the enterprise AI race. The top analyst's optimism is backed by several conversations with IT buyers and Truist's proprietary survey work. The analyst believes that Microsoft's advantage prevails across its infrastructure layer in the Azure cloud computing business and the application layer with its Copilots. Fishbein said that he sees many initiatives that will help Microsoft succeed in the AI space in both the near and long term. Based on his positive views, Fishbein expects MSFT stock to move higher, as the 'multiple levers in their AI strategy compound gains in the financial model.' To capture further growth, Microsoft is investing heavily in AI infrastructure. The company expects to spend $80 billion this year on building data centers to handle AI workloads. Meanwhile, Fishbein ranks 98th among more than 9,600 analysts tracked by TipRanks. His ratings have been successful 65% of the time, with an average return per rating of 18.7% over a one-year period. Is Microsoft Stock a Buy, Hold, or Sell? Most analysts covering Microsoft stock are bullish due to the company's solid fundamentals, AI tailwinds, and diversified revenue streams, including productivity software, cloud computing, and gaming, among others. With 30 Buys and five Holds, Microsoft stock scores a Strong Buy consensus rating. The average MSFT stock price target of $516.14 indicates 6.2% upside potential. See more MSFT analyst ratings
Business Insider
25-06-2025
- Business
- Business Insider
Top Analyst Views Microsoft Stock (MSFT) as a ‘Key Beneficiary of AI Adoption'
Joel Fishbein, a top analyst from Truist Securities, views tech giant Microsoft (MSFT) as a 'key beneficiary of AI [artificial intelligence] adoption,' due to the company's partnership with ChatGPT-maker OpenAI. The 5-star analyst reiterated a Buy rating on MSFT stock with a price target of $600, which indicates 23.5% upside potential from the current levels. Microsoft stock has risen 15.3% year-to-date. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Fishbein's bullish comments follow recent reports that Microsoft was considering halting its discussions with OpenAI on some vital issues, including the size of its future stake in the AI startup. OpenAI needs Microsoft's approval to transition into a for-profit structure. Reportedly, MSFT's existing commercial contract gives it access to OpenAI's technology until 2030. Let's look at other reasons supporting Fishbein's Buy rating on Microsoft stock. Truist Analyst Is Bullish on Upside in MSFT Stock Fishbein noted that Microsoft continues to work aggressively to sustain its early lead in the enterprise AI race. The top analyst's optimism is backed by several conversations with IT buyers and Truist's proprietary survey work. The analyst believes that Microsoft's advantage prevails across its infrastructure layer in the Azure cloud computing business and the application layer with its Copilots. Fishbein said that he sees many initiatives that will help Microsoft succeed in the AI space in both the near and long term. Based on his positive views, Fishbein expects MSFT stock to move higher, as the 'multiple levers in their AI strategy compound gains in the financial model.' To capture further growth, Microsoft is investing heavily in AI infrastructure. The company expects to spend $80 billion this year on building data centers to handle AI workloads. Meanwhile, Fishbein ranks 98th among more than 9,600 analysts tracked by TipRanks. His ratings have been successful 65% of the time, with an average return per rating of 18.7% over a one-year period. Is Microsoft Stock a Buy, Hold, or Sell? Most analysts covering Microsoft stock are bullish due to the company's solid fundamentals, AI tailwinds, and diversified revenue streams, including productivity software, cloud computing, and gaming, among others. With 30 Buys and five Holds, Microsoft stock scores a Strong Buy consensus rating. The average MSFT stock price target of $516.14 indicates 6.2% upside potential.
CNBC
10-06-2025
- Business
- CNBC
'Closing Bell Overtime' panel talks the bull and bear case for Microsoft
Joel Fishbein, Truist, and Jackson Ader, Keybanc Capital Markets, join 'Closing Bell Overtime' to talk the bull and bear case of Microsoft.
Yahoo
07-06-2025
- Business
- Yahoo
Rubrik price target raised to $110 from $90 at Truist
Truist analyst Joel Fishbein raised the firm's price target on Rubrik (RBRK) to $110 from $90 and keeps a Buy rating on the shares. The company delivered strong Q1 results that were ahead of the high end of guidance for all metrics and also raised FY26 guidance for growth and profitability for all metrics, the analyst tells investors in a research note. Data Security continues to be a key driver and is helping Rubrik take share and expand with enterprise customers, with the new identity security solutions starting to gain traction, the firm added. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on RBRK: Disclaimer & DisclosureReport an Issue Rubrik price target raised to $110 from $77 at BMO Capital Morning Movers: Manchester United gains, Lululemon sinks after quarterly reports Rubrik price target raised to $120 from $80 at Wedbush Rubrik price target raised to $107 from $97 at Roth Capital Rubrik price target raised to $110 from $95 at Baird
