Latest news with #cloudcomputing
Yahoo
5 hours ago
- Business
- Yahoo
Morgan Stanley Raised The PT on Snowflake Inc. (SNOW), Maintains a Buy Rating
Snowflake Inc. (NYSE:SNOW) is one of the . On June 24, analyst Sanjit Singh from Morgan Stanley raised the price target on Snowflake Inc. (NYSE:SNOW) from $220 to $262, while maintaining a Buy rating on the stock. The improved outlook is based on the company's performance under CEO Sridhar Ramaswamy. Analyst Singh noted that Snowflake Inc. (NYSE:SNOW) has improved its execution across sales, go-to-market strategies, and product engineering, which has stabilized the company's product revenue growth to a high 20% range. Moreover, the has also enhanced its innovation across various high-growth sectors including cloud data warehousing, data engineering, and AI/ML platforms. A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. Singh projects durable growth exceeding 20% annually through 2030, supported by expanding operating margins and a clear strategy to tap into a $300+ billion market opportunity. During the fiscal first quarter of 2026, Snowflake Inc. (NYSE:SNOW) grew its product revenue by 26% year-over-year to reach $996.8 million. The company also maintained a net revenue retention rate of 124%. Looking ahead, management anticipates second-quarter revenue between $1.035 billion to $1.040 billion, indicating 25% growth. While we acknowledge the potential of SNOW 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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
6 hours ago
- Business
- Yahoo
CS Disco (LAW) Earns Canaccord's Confidence with Enterprise-Focused Strategy
CS Disco Inc. (NYSE:LAW) is one of the 10 best debt-free IT penny stocks to buy. On June 23, Canaccord Genuity analyst David Hynes reaffirmed his Buy rating on CS Disco (NASDAQ:LAW), with an unchanged and consensus-high price target of $9. The analyst's view appear confident towards company's effort to reshape its sales approach. CS Disco is shifting its focus towards larger enterprises that deal with complex legal matters, a move Hynes believes could help resolve past sales execution issues. The company's native cloud platform and use of AI give it an edge over older, more rigid systems, which may improve its chances of winning business from larger firms. Galyna Motizova/ Hynes also believes that the leadership team, under CEO Eric Friedrichsen, is well equipped with relevant experience in scaling software companies and managing transitions. Though profitability remains some distance off and growth has slowed, Hynes suggests that the changes now in progress could improve the company's longer-term trajectory. For investors with an eye on undervalued small-cap tech names, CS Disco may be one to watch as its strategy plays out. CS Disco Inc. (NYSE:LAW) is a legal technology company that provides an AI-powered cloud platform for eDiscovery, legal document review, and case management. While we acknowledge the potential of LAW 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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Best Tech Stocks to Buy According to Billionaires. 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
Yahoo
6 hours ago
- Business
- Yahoo
Keybanc Initiates Akamai (AKAM) With An Underweight Rating
Akamai Technologies, Inc. (NASDAQ:AKAM) is one of . KeyBanc Capital Markets has initiated coverage of Akamai Technologies, Inc. (NASDAQ:AKAM) with an Underweight rating and a price target of $63, signaling a cautious stance on the cloud and content delivery network provider. In a note to investors, the firm acknowledged that Akamai's shares are not currently overvalued, but expressed concern over the potential for downside risks in the coming quarters. A close-up of a person using a laptop with cloud solutions in the background. The analyst noted that Akamai operates in an increasingly competitive environment, where pricing pressures and market saturation could weigh on growth. While the company remains a well-established player in edge computing and security, the firm believes the broader landscape lacks clear near-term catalysts that would drive meaningful upside for the stock. KeyBanc pointed to recent trends in the industry that suggest more potential for pricing disappointments rather than unexpected improvements. As demand patterns normalize following pandemic-era spikes, and as more players enter the space, maintaining premium pricing and defending market share may prove challenging for Akamai Technologies, Inc. (NASDAQ:AKAM). The initiation reflects a more conservative view on Akamai's performance relative to peers in the infrastructure and cybersecurity segments. Despite ongoing investments in its cloud platform and security services, KeyBanc believes the company may face headwinds that limit valuation expansion in the near future. The firm recommends a cautious approach amid mixed industry signals. While we acknowledge the potential of AKAM 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 AKAM and that has 100x upside potential, check out our report about this cheapest AI NEXT: 10 Best Small Cap Tech Stocks With Biggest Upside Potential and 7 Most Popular AI Penny Stocks Under $5 To Avoid. Disclosure: None. Sign in to access your portfolio
Yahoo
6 hours ago
- Business
- Yahoo
BofA Raises Datadog (DDOG) Price Target, Maintains Buy Rating
Datadog, Inc. (NASDAQ:DDOG) is one of . Bank of America analyst Koji Ikeda has raised the firm's price target on Datadog, Inc. (NASDAQ:DDOG) to $150 from $138 while maintaining a Buy rating on the shares. The upgrade reflects growing confidence in Datadog's long-term growth prospects, following encouraging insights from the company's recent customer event and survey data. A close-up of a laptop with a software engineer coding on the monitor. Ikeda cited strong feedback from Datadog's annual DASH conference, where enterprise adoption trends and product momentum were evident. The analyst noted that sentiment among customers remains positive, pointing to continued investment in observability and cloud infrastructure monitoring tools. These insights align with results from Bank of America's proprietary Datadog survey, which highlighted a stable demand environment and increasing customer reliance on the platform's expanded capabilities. According to Ikeda, Datadog remains one of the most well-positioned vendors in the observability space, supported by durable top-line growth and strong free cash flow performance. He believes the company is on track to sustain more than 20% annual revenue growth and 20%-plus free cash flow margins over the long term, underpinned by its broad product portfolio and expanding enterprise footprint. With the increased price target, Bank of America reinforces Datadog, Inc. (NASDAQ:DDOG) as a 'top pick' for the second half of 2025. The firm views Datadog's continued innovation and customer traction as key drivers of upside in a competitive software landscape. While we acknowledge the potential of DDOG 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 DDOG and that has 100x upside potential, check out our report about this cheapest AI NEXT: 10 Best Small Cap Tech Stocks With Biggest Upside Potential and 7 Most Popular AI Penny Stocks Under $5 To Avoid. 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
Yahoo
7 hours ago
- Business
- Yahoo
Jim Cramer on CoreWeave: 'You Gotta Do Some Selling Here'
CoreWeave, Inc. (NASDAQ:CRWV) is one of the 14 stocks Jim Cramer recently shared insights on. Highlighting the short selling in the stock, Cramer commented: 'Take CoreWeave. This is the company that came public at $40 a share, [a] company I recommended and pushed incredibly hard to. People didn't believe me. Many chose to bet against the stock. 32% of the shares are sold short. On Friday, CoreWeave hit a high of $187. Stock still sits at $172 and change. Sure, it reported a great quarter, but a lot of this move is because so many people were betting against it because the company picked a bad time to come public. A trader in an office, surrounded by financial charts and graphs, looking intently at a stock ticker. CoreWeave (NASDAQ:CRWV) delivers a cloud platform focused on accelerating and scaling compute-intensive workloads, especially for generative AI. The company provides high-performance computing resources, infrastructure management, and services for AI training, inference, rendering, and dataset optimization. While we acknowledge the potential of CRWV 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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
