Latest news with #Stifel
Yahoo
32 minutes ago
- Business
- Yahoo
MasTec price target raised to $213 from $193 at Jefferies
Jefferies raised the firm's price target on MasTec (MTZ) to $213 from $193 and keeps a Buy rating on the shares. MasTec had 'solid' momentum in Q2, with a focus on end-market strength, backlog, and margins, the analyst tells investors in a research note. Jefferies views shares as among most compelling across its coverage. 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 Insiders' Hot Stocks on TipRanks >> Read More on MTZ: Disclaimer & DisclosureReport an Issue MasTec upgraded to Buy from Neutral at Goldman Sachs MasTec price target raised to $181 from $171 at Stifel MasTec Confirms Directors and Approves Key Proposals Charter upgraded, Cisco downgraded: Wall Street's top analyst calls MasTec initiated with a Buy at Jefferies 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
4 hours ago
- Business
- Yahoo
These 3 ‘Top Pick' Defense Stocks Pack a Punch, Says Stifel
If there's one thing that the ongoing wars in Ukraine and the Middle East can show us, it's that the techniques and tools of warfare are changing. While Napoleon's 'big battalions' still have an advantage, Stalin's 'quantity over quality' no longer holds. The armies of tomorrow will need the best weapons and the best technology, and plenty of both. 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 That shift is already underway, according to Stifel analyst Jonathan Siegmann, who sees the defense sector approaching a pivotal transformation. 'We believe the defense industry is at the start of a period of considerable change,' Siegmann opined. 'Credible US deterrence is dependent on affordably evolving our weapon systems, recapitalizing the defense industrial base, and transforming government contracting. The defense industry of tomorrow will be faster moving, more fragmented, and less dependent on centralized planning. There is bipartisan political and industry support for transforming the acquisition process. While prior reforms have been underwhelming, we expect the geopolitical environment, outside capital, and the disruptive administration to catalyze greater changes today.' Looking ahead, Siegmann sees clear winners emerging, noting: 'We believe equity markets will increasingly reward the companies that can profitably invest in the growing areas of defense. We believe low-cost mass production, asymmetric weapons, software-enabled capabilities, and on-shoring will be the key differentiators.' These points lead Siegmann to select three defense stocks as his top picks right now. He's far from the only analyst positive on these names; according to the TipRanks data platform, Wall Street is bullish on all three. Here are the details. CACI International (CACI) First on our list is CACI International, one of the multitude of information and technology contracting firms that operate in the Beltway region of Maryland and Northern Virginia, surrounding Washington DC. CACI is based in Reston, a Virginia suburb that is well known as a home for many contractors with close ties to the Federal establishment – and CACI is exactly that. The company's work is wide-ranging; CACI provides expertise in the tech and national security fields, and especially in technology applicable to national security. The company works with a multitude of government agencies and is well known for its connections with the Department of Defense, the Department of Homeland Security, and the various Intelligence Community entities. As for actual services, CACI provides a variety of solutions in enterprise IT, cybersecurity, military mission support, applied engineering, and data management. CACI is even known as a provider of mission operations support for the space program. CACI is capable of providing outsourced services in everything from HR to financial oversight to supply chain management, and can act as an independent watchdog for government departments. CACI has also developed expertise in AI, taking advantage of the AI boom to develop new services for its clientele. The company is recognized as a leader in the application of AI and deep learning to the defense industry, and has proven able to meet rapidly evolving needs in a cost-effective manner. This company's last set of financial results covered fiscal 3Q25 (March quarter). CACI reported $2.17 billion at the top line in the quarter, beating the forecast by over $36 million and growing 16% year-over-year. The $6.23 non-GAAP EPS was 63 cents per share better than had been anticipated. The company generated $187.9 million in free cash flow, up 84% year-over-year. The company reported a work backlog of $31.4 billion as of March 31, up 9.8% y/y. That backlog presents the starting point for Siegmann's coverage of this stock. As he writes, 'CACI International's focused bidding strategy has built a high-quality backlog which we believe can sustain MSD% growth and higher margins. CACI's acquisition strategy is consistent and well-executed. We expect CACI to continue executing M&A transactions and increase their exposure to new defense tech areas. Our Buy rating reflects CACI's premium valuation being justified through its ongoing financial outperformance, growing exposure to growth vectors in new defense, and strong M&A history.' Siegmann backs up that Buy rating with a price target of $576, a figure that points toward an upside of 24% on the one-year horizon. The Strong Buy consensus rating here is based on 10 analyst reviews, with a 9 to 1 split favoring Buy over Hold. The shares are currently trading for $465.37, and they have an average price target of $536.25, implying a 15% upside by this time next year. (See CACI stock forecast) Teledyne Technologies (TDY) Next on our list of Stifel defense picks is Teledyne Technologies, a company that is more than just a defense firm. Teledyne acts as a technology and service provider across a wide range of industries, including defense and aerospace, but also including such industrial essentials as factory automation, environmental monitoring, electronics design, deepwater oil and gas exploration, and even medical imaging and pharmaceutical research. Teledyne offers its customers a large variety of practical products, from digital imaging sensors and cameras capable of working in visible, infrared, and X-ray light spectra, to marine monitoring and control instrumentation, to aircraft information management systems, to more defense-oriented electronics and satellite communication subsystems. The company also develops and provides precision-engineered systems on order for the defense, space, environmental, and energy sectors. The company provides these products and services through four business divisions: instrumentation, digital imaging, aerospace & defense electronics, and engineered systems. Together, these divisions brought the company $1.45 billion in revenue during 1Q25, up 7.4% year-over-year and some $10 million above the forecast. The firm's non-GAAP EPS came to $4.95, 3 cents per share better than had been estimated. Checking in with Stifel's Jonathan Siegmann again, we find the analyst upbeat about this company's fundamentally sound position. Siegmann writes of the stock, 'Teledyne is an attractive portfolio of niche digital imaging, instrumentation, and aerospace & defense businesses unified by specialized advanced technology, high barriers to entry, and high reliability products. Teledyne's longer-cycle businesses (anchored by defense) are currently due to accelerate from their substantial backlog increase at the same time as their shorter-cycle businesses are stabilizing and poised to return to growth. Margins are expected to further expand from operational improvements and mix.' This name gets a Buy rating from Siegmann, whose $626 price target suggests the shares have an upside potential of 23.5% over the next 12 months. While Teledyne only has 5 recent analyst reviews, they are all positive – making the Strong Buy consensus rating unanimous. The shares have a trading price of $506.67 and an average target price of $576.20, together indicating room for a 14% upside for the stock this coming year. (See TDY stock forecast) AeroVironment (AVAV) We'll finish in the world of applied robotics, a field that has found plenty of practical applications in the world's military establishments. AeroVironment is a well-known developer and manufacturer of drones – unmanned aerial vehicles (UAVs) and uncrewed aircraft systems (UASs) in more technical jargon – and also produces several lines of unmanned ground vehicles (UGVs) and high-altitude pseudo-satellites (HAPS). These vehicles, whether autonomous or remote-operated, are designed to provide military users with strong reconnaissance capabilities, while loitering munition systems (LMSs) can provide offensive and defensive fire support over the battlefield. The key to this company's success is its focus on providing 'solutions that work,' with battle-tested vehicle designs capable of meeting battlefield needs on land, sea, and air. The company understands that military applications have no margin for error, and that every system must work right the first time; this understanding lies behind AeroVironment's commitment to high quality at every stage of product development and testing, from putting together prototypes to marketing field-deployable systems. In recent weeks, AeroVironment has announced several new contracts, in line with the company's constant push to maintain and expand its business. In mid-May, the company landed a new contract with the Netherlands to modernize that country's fleet of Puma UAS vehicles. Also in May, AeroVironment received a $5.1 million contract from the US Army to use the company's Tomahawk Grip TA5 as a dismounted common controller for human-machine teams. And in mid-June, AeroVironment and Denmark entered into an agreement to expand allied UAS systems in Europe. Perhaps most importantly, on May 1, AeroVironment completed its $4.1 billion merger with BlueHalo. This move expanded the company's portfolio and its ability to deliver proven unmanned vehicle systems across all realms. Earlier this week, AeroVironment released its financial results for fiscal 4Q25 as well as the full fiscal year 2025. For the quarter, the company's revenue came to $275 million, up almost 40% and described by the company as 'record fourth quarter revenue.' At the bottom line, AeroVironment's non-GAAP EPS of $1.61 was up from $0.43 in fiscal 4Q24. For the full year, the company reported revenue of $821 million, up 14% from fiscal 2024. The stock surged following the readout, bringing AVAV's year-to-date gains to 77%. In his coverage for Stifel, Siegmann lays out the reasons to get behind this firm. He writes, 'AeroVironment is a leader in several key areas in new defense, namely loitering munitions (Switchblade family of drones) that we believe will be critical as the entire industry undergoes a transformation. The company's recent merger with BlueHalo provides exposure in space, counter-drone, and missiles, all of which are priorities for the DoD. We anticipate a steep ramp in organic EBITDA in the legacy AVAV portfolio and BlueHalo. Our Buy rating reflects AeroVironment's positioning as a pure-play new defense tech company with rapidly growing sales and earnings driving increased investor enthusiasm and multiple expansion.' Along with the noted Buy rating, Siegmann puts a $240 price target on this stock, although the recent uptick has taken the stock well beyond that figure. The Wall Street consensus on AVAV is a unanimous Strong Buy, based on 6 recent positive analyst reviews. However, the gains have taken the shares 19% above the $220 average price target. It will be interesting to see whether analysts increase their price targets or lower their ratings shortly. (See AVAV 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
Yahoo
12 hours ago
- Business
- Yahoo
Intuit Hits All-Time High of $775.36; Analyst Upgrades Fuel Rally
Intuit (INTU, Financials) hit a record high of $775.36 Friday; the stock is up 19.41% over the past year, backed by strong financials and upbeat analyst sentiment. The company reported a gross margin of 80.26%; revenue rose 15% year over year. Warning! GuruFocus has detected 3 Warning Signs with ISRG. List of 52-Week Lows List of 3-Year Lows List of 5-Year Lows Analysts are raising price targets; Mizuho went to $875; Stifel to $850; BMO reaffirmed $820; CLSA opened at $900. The bullish calls reflect optimism in QuickBooks, AI tools, and the global business segment. With low churn, higher pricing, and platform expansion, analysts see more room to run; Intuit's R&D push is also viewed as a long-term growth lever. This article first appeared on GuruFocus.
Yahoo
13 hours ago
- Business
- Yahoo
Stifel Raises PT on Brinker International (EAT) Stock, Maintains Buy
Brinker International, Inc. (NYSE:EAT) is one of the 10 Unstoppable Stocks to Buy According to Hedge Funds. On June 23, Stifel analyst Chris O'Cull upped the price target on Brinker International, Inc. (NYSE:EAT)'s stock to $215 from $200, while keeping a 'Buy' rating, as reported by The Fly. The firm cited Chili's robust traffic performance and market share gains as the key reasons. A Chili's Grill & Bar restaurant filled with happy customers enjoying a meal. The firm assessed Chili's market share, growth capacity, as well as constraints, in order to determine whether or not its outperformance compared to the full-service industry will continue. Stifel opines that the chain can continue to gain market share in a fragmented category, wherein scale advantages have been more valuable. As per the analysis conducted by the firm, current traffic volume per store, despite improving from recent lows, remains well below the historical peaks. Overall, the firm concluded that Brinker International, Inc. (NYSE:EAT) possesses a proven playbook that would lead to durable same-restaurant sales gains. For FY 2025, Brinker International, Inc. (NYSE:EAT) expects total revenues to be in the range of $5.33 billion – $5.35 billion, and net income per diluted share (excluding special items) (non-GAAP) to be in the range of $8.50 – $8.75. While we acknowledge the potential of EAT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EAT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now 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
Business Insider
a day ago
- Business
- Business Insider
Micron Stock Just Got a Massive Forecast Boost; Here's Why $145 Might Still Be Conservative
Wall Street is finally catching up to what investors betting on AI infrastructure already knew: Micron (MU) is not just back, it's breaking records. Stifel just raised its price target to $145 from $130 following a monster earnings print and a rosy outlook, joining a chorus of firms that now see Micron as a core beneficiary of the AI memory boom. Confident Investing Starts Here: The new target implies nearly 14% upside from current levels, but some analysts say that still doesn't price in the full story. Record Revenue. HBM Frenzy. And More to Come. Micron's Fiscal Q3 revenue hit $9.3 billion, handily beating expectations of $8.84 billion and marking a sharp leap from $8.05 billion last quarter, and $6.81 billion the year before. DRAM revenue reached all-time highs, HBM demand nearly doubled quarter-over-quarter, and the company is forecasting Q4 revenue of $10.7 billion. Yes, $10.7 billion. That would be up 15% sequentially, a jaw-dropping figure for a chipmaker in what's historically been a cyclical memory game. But this isn't just another cycle. We're in an AI boom, and Micron is one of the frontrunners with the kind of product mix Wall Street loves. HBM, the high-bandwidth memory that powers AI models at data centers, is a standout. Even DRAM for consumer devices saw sequential strength, signaling broad-based momentum. Analysts Raise Price Targets for Micron Stock Stifel wasn't the only one to take notice. Piper Sandler's Harsh Kumar bumped the target to $165. KeyBanc's John Vinh followed at $160. Raymond James analyst Srini Pajjuri lifted his to $150. And Barclays' Tom O'Malley made one of the boldest moves of the bunch, hiking his price target to $140 from just $95. Yes, that's a $45 jump in one shot. Why the optimism? Analysts see three overlapping catalysts: AI-driven infrastructure spend: HBM is the 'picks and shovels' trade in the AI gold rush. Margin strength: Micron guided for 42% gross margins next quarter, well ahead of expectations. Product mix shift: Higher-value chips are gaining share — a margin tailwind into year-end. Even with shares up 50% year-to-date, bulls argue the valuation still lags the growth trajectory. HBM4 and U.S. Investment Ramp-Up Micron just began shipping its HBM4 chips, the next-gen memory for cloud AI, and announced plans to invest an additional $30 billion in U.S. manufacturing and R&D. That brings its total U.S. commitment close to $200 billion. Gone are the days of Micron as a basic memory supplier. It's now a core player in AI infrastructure, armed with capital, demand, and direction. Micron's Run Is Not Over If you think Micron's run is done, check your assumptions. What looked like a cyclical rebound last year has turned into a structural shift. From Nvidia's GPUs to AMD's accelerators, every AI model needs memory that is fast, stacked, and power-efficient. Micron is one of the few players delivering that at scale. Micron might be a memory company by name. But in 2025, memory is the trade. Is Micron a Good Stock to Buy Today? According to TipRanks data, Micron (MU) holds a 'Strong Buy' rating based on 16 analyst reviews over the past three months. 14 analysts rate it a Buy, two say Hold, and none recommend a Sell. The average 12-month MU price target sits at $135.81, suggesting a 6.7% upside from the current price of $127.25.
