Latest news with #TimothyArcuri
Business Insider
a day ago
- Business
- Business Insider
‘Don't Miss the Upside,' Says UBS About AMD Stock Ahead of Earnings
Advanced Micro Devices (AMD) stock climbed over 4% on Monday after reports said the company will raise the price of its high-end AI chip, MI350 AI. Following the news, UBS Top analyst Timothy Arcuri reiterated his Buy rating on AMD and lifted his price target from $150 to $210. The new price target indicates a 21% upside from current levels. The analyst sees growing demand in both PC and data center markets, and stronger investor sentiment ahead of the Q2 print on August 5. 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. UBS Sees More Upside for AMD Stock The five-star analyst believes AMD's decision to raise the price of its MI350 AI chip shows growing confidence in its product line. Recent reports claim that the chip's price has gone up to $25,000 per unit, from $15,000 earlier. Even with this increase, the MI350 still costs less than Nvidia's (NVDA) latest AI chips. Arcuri views the move as a sign of growing demand for AMD's chips and believes they can now compete more directly with Nvidia's in both performance and pricing. Arcuri also noted that AMD's PC and server businesses are showing signs of recovery. With demand picking up, he believes the company is well-positioned to beat Wall Street estimates when it reports earnings on August 5. He expects the company to further gain share in the fast-growing AI chip market over the coming months. It is worth noting that Arcuri ranks 7 out of more than 9,900 analysts tracked by TipRanks. He has a success rate of 73%, with an average return per rating of 33% over a one-year timeframe. What to Expect from AMD's Q2 Earnings Wall Street analysts expect AMD to report earnings of $0.48 per share for Q2, down 30% from the year-ago quarter. Meanwhile, analysts project Q2 revenues at $7.41 billion, according to the TipRanks Analyst Forecasts Page. The figure marks a year-over-year increase of about 27%. Is AMD a Good Stock to Buy? On TipRanks, AMD stock has a Moderate Buy consensus rating based on 26 Buys and 10 Holds assigned in the last three months. The average AMD price target of $147.84 suggests a downside potential of 14.87% from its current price. Year-to-date, shares of the company have gained about 43.8%.
Yahoo
6 days ago
- Business
- Yahoo
UBS Stays Cautious on Skyworks (SWKS) Despite Q3 Tailwind, Ups Price Target to $75
Skyworks Solutions Inc. (NASDAQ:SWKS) is one of the most oversold semiconductor stocks so far in 2025. Skyworks' shares have lost around 21% in 2024, and their YTD decline took the loss to around 39% in the last one-year. The stock is one of the most unloved stocks by analysts in our list, with the majority of analysts having a Sell or Hold rating. One of the analysts who recently gave a cautious outlook is UBS analyst Timothy Arcuri. On July 21, he raised his price target on Skyworks Solutions to $75 from $65, while maintaining a Neutral rating on the stock. A close-up of the latest 5G wireless equipment, capturing the lightning-fast speed of the technology. In his latest note, Arcuri pointed to signs that Q3 results should come in either in line with expectations or modestly better. His view is based on recent smartphone sell-through data, which suggests that some demand originally expected later in the year may have been pulled forward due to tariff-related factors. UBS sees these early shipments, possibly driven by trade policy uncertainty, as a near-term boost to results, though it doesn't necessarily signal a sustained improvement in end-demand trends. His Neutral stance essentially means that while the Q3 setup appears relatively stable, visibility beyond that remains limited, especially given the broader macro and trade backdrop affecting global handset markets. Skyworks Solutions Inc. (NASDAQ:SWKS) is a wireless semiconductor company that designs and manufactures radio frequency and semiconductor system solutions for mobile communications applications. While we acknowledge the potential of SWKS 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: 11 Best Debt-Free Stocks to Invest in Right Now and 10 Most Oversold S&P 500 Stocks So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
6 days ago
- Business
- Yahoo
Intel (INTC) Shares Fall Ahead of Crucial Q2 Report
July 24 - Intel (NASDAQ:INTC) shares slid about 2.5% Thursday afternoon as investors braced for the chipmaker's Q2 earnings due after the close. Warning! GuruFocus has detected 7 Warning Signs with INTC. Analysts forecast EPS of $0.01 and revenue of $11.91 billion. Intel has a spotty history of topping expectations, Q1 saw a $0.13 EPS beat versus a $0.01 forecast and revenue of $12.67 billion outpacing the $12.30 billion consensus. Ahead of the report, Stifel's Ruben Roy kept a Hold rating but lifted his price target from $21 to $24.50. UBS's Timothy Arcuri also stayed Neutral, raising his target from $21 to $25. Wall Street's consensus sits at $23.73, with analyst views ranging from $14 to $36. With Treasury yields rising and broader market sentiment mixed after high?profile tech earnings, traders will be watching Intel's guidance for signs of demand in PCs and data?center chips. Any fresh outlook or margin commentary could sway shares further. This article first appeared on GuruFocus. Sign in to access your portfolio
CNBC
06-06-2025
- Business
- CNBC
Here's what Wall Street has to say about Broadcom's second-quarter results
Analysts from several major Wall Street banks walked away from Broadcom 's latest quarterly report with more conviction on the stock. The chipmaker reported fiscal second-quarter revenue and profits on Thursday that exceeded analysts' estimates, and also gave strong guidance for the current quarter. Broadcom's adjusted earnings per share of $1.58 on revenue of $15 billion beat the expected $1.56 per share and $14.99 billion from analysts polled by LSEG. Broadcom saw $4.4 billion in AI revenue during the quarter and said it expects $5.1 billion in AI chip sales in its fiscal third quarter. Shares dipped 2% in premarket trading as the company gave a weaker forecast for its non-AI semiconductor revenue, where analysts were hoping to see signs of a cyclical recovery. The stock has soared 45% in the past three months. Analysts held to a long-term bullish outlook on Broadcom and praised what they called strong growth visibility heading into its next fiscal year, confident in management reaffirming its hyperscale customers and highlighting a well-positioned networking business amid continued AI demand. Bank of America, for example, said to "ignore quarterly noise" and focus on Broadcom's strong AI growth targets. Take a look at what some had to say: JPMorgan: overweight, price target $325 from $250 Analyst Harlan Sur said Broadcom remains his top pick in semiconductors. His bullish price target indicates roughly 25% upside ahead for the stock over the next year. "We are encouraged by team's strong line of sight to FY26 AI revenue profile driven by strong cloud/hyperscaler capex spending trends with continued focus on AI training combined with accelerating AI inference workloads, continued ramp of Google's next-gen TPU v6/v7 3nm AI accelerator ASICs, ramp up of Meta 3nm, and continued strong adoption of ethernet networking," he wrote in a note to clients. Overall, the team continues to drive a solid revenue growth profile even in a period of macro volatility given its portfolio breadth/diversification/product cycles." UBS: buy, lifts price target to $290 Analyst Timothy Arcuri bumped up his price target on Broadcom and called it "a clear AI winner." But the stock could consolidate some of its recent gains in the near term given already high investor expectations, he said. "Beyond the near-term, AVGO is likely to win on multiple fronts as hyperscaler customers look to create large heterogeneous compute clusters using either custom ASIC (the vast majority of which we think will be made by AVGO) or AMD alongside NVDA GPUs," Arcuri said in a Friday note. "AVGO's opportunity to link this all together using Ethernet should also scale alongside these solutions and AVGO also benefits from scaling out from cluster to cluster given its existing dominance in this market." Wells Fargo: equal weight, price target to $255 Analyst Aaron Rakers' price target implies Broadcom shares are expensive, and could fall about 2% from Thursday's close. Rakers highlighted Broadcom's "sustained AI momentum" into fiscal year 2026. "We continue to see shares representing a balanced risk/reward at current levels with significant leverage and an expectation that future acquisitions will remain a use of capital keeping us on the sidelines," Rakers said in a Thursday note. Deutsche Bank: buy, price target to $270 from $205 Analyst Ross Seymore expects the lack of recovery in Broadcom's non-AI business to remain a headwind heading into the fiscal fourth quarter, but expects greater focus on the growth trajectory of the company's AI business in the future. "Overall, the combination of secular growth (AI), continued software integration and execution (Vsphere contract conversions), and a potential cyclical rebound in the non-AI semis components should set the company up well for both the short- and longterm," Seymore said in a note. "Consequently, with our increased confidence in AVGO's ability maintain its AI growth in FY26 leading to a nearly +10% rise in our CY26 EPS ests, we maintain our buy rating." Bank of America: buy, price target to $300 from $240 Analyst Vivek Arya's new price target suggests the stock could gain another 15% in the coming year. A risk is that Broadcom is trading at the upper end of its historical range and at a premium to market leader Nvidia, he said. "While some might be disappointed AVGO did not update its FY27 $60-$90bn AI TAM, we believe it's only a matter of time especially as FY27 sell-side AI revenue cons. ests. is still well below $45bn, so plenty of headroom for upgrades," Arya wrote in a note. "Reit. Buy, a top computing and top-5 sector pick on unique mix of capital appreciation and consistent dividend growth with a blend of recurring (50% software), secular (AI) and cyclical (non-AI) profiles."
Globe and Mail
04-06-2025
- Business
- Globe and Mail
Analysts' Top Technology Picks: Nvidia (NVDA), Credo Technology Group Holding Ltd (CRDO)
There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Nvidia (NVDA – Research Report), Credo Technology Group Holding Ltd (CRDO – Research Report) and Pegasystems (PEGA – Research Report) with bullish sentiments. 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 Nvidia (NVDA) UBS analyst Timothy Arcuri maintained a Buy rating on Nvidia today and set a price target of $175.00. The company's shares closed last Monday at $137.38. According to Arcuri is a top 25 analyst with an average return of 31.2% and a 70.9% success rate. Arcuri covers the Technology sector, focusing on stocks such as Advanced Micro Devices, ARM Holdings PLC ADR, and Allegro MicroSystems. ;'> Nvidia has an analyst consensus of Strong Buy, with a price target consensus of $171.62, which is a 26.7% upside from current levels. In a report issued on May 19, Raymond James also reiterated a Buy rating on the stock with a $150.00 price target. Credo Technology Group Holding Ltd (CRDO) In a report released today, Thomas O'Malley from Barclays maintained a Buy rating on Credo Technology Group Holding Ltd, with a price target of $85.00. The company's shares closed last Monday at $62.65. According to O'Malley is a 4-star analyst with an average return of 8.5% and a 49.8% success rate. O'Malley covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and Silicon Laboratories. ;'> Currently, the analyst consensus on Credo Technology Group Holding Ltd is a Strong Buy with an average price target of $66.13, a 9.8% upside from current levels. In a report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $80.00 price target. Pegasystems (PEGA) In a report released today, Jake Roberge from William Blair maintained a Buy rating on Pegasystems. The company's shares closed last Monday at $96.96. According to Roberge has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.6% and a 39.3% success rate. Roberge covers the Technology sector, focusing on stocks such as Onestream, Inc. Class A, Mitek Systems, and Jamf Holding. ;'> Currently, the analyst consensus on Pegasystems is a Strong Buy with an average price target of $105.80.
