Latest news with #VijayRakesh
Business Insider
5 days ago
- Business
- Business Insider
New Buy Rating for ON Semiconductor (ON), the Technology Giant
In a report released yesterday, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on ON Semiconductor (ON – Research Report), with a price target of $60.00. The company's shares closed yesterday at $52.94. 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 Rakesh covers the Technology sector, focusing on stocks such as Nvidia, Credo Technology Group Holding Ltd, and Broadcom. According to TipRanks, Rakesh has an average return of 13.0% and a 51.80% success rate on recommended stocks. Currently, the analyst consensus on ON Semiconductor is a Moderate Buy with an average price target of $48.90, a -7.63% downside from current levels. In a report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $70.00 price target. Based on ON Semiconductor's latest earnings release for the quarter ending April 4, the company reported a quarterly revenue of $1.45 billion and a GAAP net loss of $486.1 million. In comparison, last year the company earned a revenue of $1.86 billion and had a net profit of $453 million Based on the recent corporate insider activity of 43 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 ON in relation to earlier this year. Earlier this month, Alan Campbell, a Director at ON sold 5,371.00 shares for a total of $274,780.36.
Business Insider
14-06-2025
- Business
- Business Insider
Mizuho Securities Sticks to Their Hold Rating for Qorvo (QRVO)
In a report released today, Vijay Rakesh from Mizuho Securities reiterated a Hold rating on Qorvo (QRVO – Research Report), with a price target of $75.00. The company's shares closed today at $79.42. Confident Investing Starts Here: According to TipRanks, Rakesh is a 5-star analyst with an average return of 13.4% and a 52.60% success rate. Rakesh covers the Technology sector, focusing on stocks such as Nvidia, Credo Technology Group Holding Ltd, and Broadcom. In addition to Mizuho Securities, Qorvo also received a Hold from Barclays's Thomas O'Malley in a report issued on June 11. However, on June 10, Citi maintained a Sell rating on Qorvo (NASDAQ: QRVO). The company has a one-year high of $130.99 and a one-year low of $49.46. Currently, Qorvo has an average volume of 2.43M. Based on the recent corporate insider activity of 82 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 QRVO in relation to earlier this year. Last month, John Harding, a Director at QRVO sold 1,450.00 shares for a total of $101,630.50.
Business Insider
11-06-2025
- Business
- Business Insider
SMCI, MSTR, or UBER: Which Is the Most Attractive Large-Cap Stock?
Investors often look for opportunities to invest in large-cap stocks as they are generally associated with companies having a well-established business model and solid growth potential. The large-cap stocks have a market capitalization between $10 billion and $200 billion. Using TipRanks' Stock Comparison Tool, we placed Super Micro Computer (SMCI), Strategy (MSTR), and Uber Technologies (UBER) against each other to find the most attractive large-cap stock, according to Wall Street analysts. Confident Investing Starts Here: Super Micro Computer (NASDAQ:SMCI) Super Micro Computer, or Supermicro, offers AI server and storage solutions. SMCI stock has rallied about 41% so far in 2025, with issues like delayed filing of financial statements and the threat of delisting in the rearview mirror. In fact, investors are looking beyond the company's dismal results for the third quarter of Fiscal 2025, as they believe that SMCI is well-positioned to capture growth opportunities in the AI server market. Specifically, Super Micro Computer's DLC (direct liquid cooling) technology has an edge over rivals' offerings in terms of power and cost savings. Also, deals such as the $20 billion partnership with DataVolt to develop hyperscale AI campuses in Saudi Arabia and the U.S. have bolstered investors' confidence in SMCI stock. What Is the Forecast for SMCI Stock? Last month, Mizuho analyst Vijay Rakesh raised the price target for SMCI stock to $40 from $32 but retained a Hold rating. The 5-star analyst upgraded price targets for many AI server-related stocks to reflect increased demand and momentum across the supply chain. While Rakesh acknowledges Super Micro Computer's leadership in AI server deployments, he maintains a neutral stance owing to intense rivalry and weak AI server margins. Overall, Wall Street has a Moderate Buy consensus rating on Super Micro Computer stock based on six Buys, five Holds, and one Sell recommendation. The average SMCI stock price target of $40.83 indicates about 5% downside risk. Strategy (NASDAQ:MSTR) Strategy, earlier known as MicroStrategy, is the world's largest Bitcoin (BTC-USD) treasury company. It also offers AI-powered enterprise analytics software. MSTR stock is considered to be an attractive crypto play and an alternative to making a direct investment in the largest cryptocurrency, Bitcoin. Interestingly, Strategy accumulates Bitcoin by using proceeds from equity and debt financings, as well as cash flows from its operations. Based on its latest purchase of 1045 Bitcoin units between June 3 and 8, Strategy now holds 582,000 BTC, having a value of $63.8 billion. Is MSTR a Buy, Hold, or Sell? Recently, TD Cowen analyst Lance Vitanza reiterated a Buy rating on Strategy stock with a price target of $590. Commenting on MSTR's offering for its Strife (STRF) preferred stock, the 5-star analyst stated that he expects this offering to create significantly greater accretion for common shareholders compared to the company's common stock and STRK (Strike) at-the-money offerings. Vitanza continues to view MSTR stock as a 'compelling vehicle for bitcoin investors.' However, Monness analyst Gustavo Gala has a Sell rating on MSTR stock due to several reasons, including rising competition from companies like GameStop (GME), which are also following a Bitcoin-focused strategy. Overall, Wall Street has a Strong Buy consensus rating on Strategy stock based on 12 Buys and one Sell recommendation. The average MSTR stock price target of $524.92 implies about 34.2% upside potential. MSTR stock has risen 35% year-to-date. Uber Technologies (NYSE:UBER) Ride-hailing and delivery platform Uber Technologies is impressing investors with its resilient performance despite macro challenges and intense competition. The company continues to strengthen its consumer base and enhance its profitability through strong top-line growth and operational efficiency. Moreover, Uber addressed investors' fears about the impact of autonomous vehicle (AV) adoption on its ride-sharing business by turning it into an opportunity via multiple strategic deals, including that with Alphabet's (GOOGL) Waymo. On Tuesday, Uber announced a partnership with U.K.-based AV startup Wayve to launch a fully driverless robotaxi service in London. Is UBER Stock a Buy or Sell Right Now? Following the announcement of the launch date of Tesla's Robotaxi offering in Austin, BMO Capital analyst Brian Pitz reiterated a Buy rating on Uber Technologies stock with a price target of $101, calling it a Top Pick. The 5-star analyst stated that the pullback in UBER stock in reaction to this news was expected. That said, Pitz remains bullish on UBER stock due to its continued international expansion (including the purchase of Denmark's largest Taxi company, Dantaxi), persistent favorable trends for AV adoption in Austin, and ongoing innovation in both Mobility and Eats. Pitz contends that investors' concerns look overblown, as recent data in Austin remains robust for Uber and the overall U.S. user base remains stable. Additionally, he highlighted that the difference in scale, with Tesla's (TSLA) initial strategy of 10-20 vehicles in Austin on Day 1 vs. hundreds of Waymo vehicles on the Uber platform in the upcoming months creating a favorable backdrop for Uber. Overall, Pitz believes that Uber Technologies remains an 'AV Winner,' with over 15 AV partners and the upcoming launch of shared AV Rides in 2026. With 30 Buys and four Holds, Uber Technologies stock scores a Strong Buy consensus rating. The average UBER stock price target of $99 indicates a 15% upside potential. UBER stock has rallied 43% year-to-date. Conclusion Wall Street is highly bullish on Strategy and Uber Technologies stocks and cautiously optimistic on Super Micro Computer. Analysts currently see higher upside potential in MSTR than in the other two large-cap stocks. Wall Street is upbeat on Strategy stock, as it is an attractive Bitcoin proxy. Investors should be aware of the fact that, given its crypto exposure, MSTR stock is a high-risk, high-reward play.
Globe and Mail
07-06-2025
- Business
- Globe and Mail
Top Analysts Stay Bullish on Broadcom Stock (AVGO) Despite Post-Q2 Earnings Decline
Semiconductor company Broadcom (AVGO) reported a modest earnings beat for the second quarter of Fiscal 2025, driven by artificial intelligence (AI)-led demand for its offerings. However, AVGO stock was down more than 4% in Friday's pre-market trading (as of writing), as investors seemed to have lofty expectations from the maker of application-specific integrated circuits, or ASICs. Confident Investing Starts Here: Analysts React to Broadcom's Q2 FY25 Earnings Following the Q2 print, Baird analyst Tristan Gerra highlighted Broadcom's continued strong execution and solid fundamentals. While the 4-star analyst acknowledges that Broadcom is well-positioned to remain the leader in custom AI ASIC solutions, he argues that GPUs (graphics processing units) will continue to play a primary role, including in AI inferencing. He added that Broadcom's AI XPU revenue in 2026 could be mainly driven by new customers, while the Tomahawk 6 offering is expected to drive robust AI networking top-line growth in the first half of FY26. Gerra reaffirmed a Buy rating on AVGO stock but maintained the price target at $210, noting that the stock's valuation is rich, mainly compared to Nvidia (NVDA). He believes that Broadcom stock is trading at an elevated valuation, given his expectation of a 'potential 1H26 slowdown in XPU QoQ revenue comps before new customer ramps take place.' Meanwhile, Mizuho analyst Vijay Rakesh reiterated a Buy rating on Broadcom stock and increased the price target to $310 from $300, noting the company's industry-leading FY25 gross margin and operating margin estimates at about 79% and 65%, respectively, and expectation of free cash flow (FCF)/year growing to about $31 billion. The 5-star analyst pointed out the accelerating AI inference demand and projects Broadcom's AI revenue to grow to about $19 billion in FY25 and nearly $32 billion in FY26. Likewise, Deutsche Bank analyst Ross Seymore boosted the price target for Broadcom stock to $270 from $205 and reiterated a Buy rating. The 5-star analyst noted that the company's results and guidance were essentially in line with expectations, with the AI business delivering upside, the software business remaining steady, and the non-AI semiconductor business witnessing a slower recovery. Seymore contends that while the dearth of a cyclical recovery in the non-AI business could continue to be a headwind into Q4 FY25, he expects investors to 'more eagerly focus' on the rise in Broadcom's AI business. Is AVGO Stock a Buy, Hold, or Sell? Wall Street has a Strong Buy consensus rating on Broadcom stock based on 27 Buys and two Holds. The average AVGO stock price target of $260.39 indicates that the stock is fully valued at current levels. These ratings and price targets could see further revisions, as more analysts are expected to react to Broadcom's results and outlook. See more AVGO analyst ratings Disclaimer & Disclosure Report an Issue
Globe and Mail
07-06-2025
- Business
- Globe and Mail
New Buy Rating for Broadcom (AVGO), the Technology Giant
Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Broadcom (AVGO – Research Report) yesterday and set a price target of $310.00. The company's shares closed yesterday at $259.93. 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 According to TipRanks, Rakesh is a 5-star analyst with an average return of 11.8% and a 49.30% success rate. Rakesh covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Broadcom. Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $256.04. The company has a one-year high of $265.43 and a one-year low of $128.50. Currently, Broadcom has an average volume of 29.27M. Based on the recent corporate insider activity of 57 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 AVGO in relation to earlier this year. Most recently, in April 2025, Mark David Brazeal, the Chief Legal & Corp Affairs Ofc of AVGO sold 25,000.00 shares for a total of $4,500,000.00.
