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Twilio Analysts Hike Price Targets As Cloud Company Reports Beat-And-Raise Quarter During Pandemic
Thursday, May 7, 2020 - 11:16am | 832Twilio Inc (NYSE: TWLO), a cloud communications platform-as-a-service company, reported stellar first-quarter results Wednesday, sending its shares higher into record territory. The Twilio Analysts Wells Fargo Securities analyst Michael Turrin maintained an Overweight rating on Twilio shares and...
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Gilead Analysts See Questionable Commercial Opportunity For Coronavirus Candidate Remdesivir
Friday, May 1, 2020 - 3:00pm | 851Gilead Sciences, Inc. (NASDAQ: GILD) reported an earnings and sales beat Thursday, but apprehension surrounding the drugmaker's remdesivir, under evaluation as a potential COVID-19 treatment, are weighing down on the stock. The Gilead Analysts Wells Fargo Securities analyst Jim...
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Microsoft Analysts On Redmond's Q3 Beat: 'A Core Growth Holding'
Thursday, April 30, 2020 - 11:47am | 860Microsoft Corporation (NASDAQ: MSFT) reported strongly quarterly results Wednesday, and the Street is bullish. The Microsoft Analysts Morgan Stanley analyst Keith Weiss maintained an Overweight rating and lifted the price target from $180 to $198. BofA Securities analyst Kash Rangan reiterated...
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Gilead Analysts Break Down Remdesivir Data Readout From Compassionate Use
Monday, April 13, 2020 - 4:05pm | 716Gilead Sciences, Inc. (NASDAQ: GILD) announced publication Friday of data in the New England Journal of Medicine from a small cohort of COVID-19 patients who were treated with its remdesivir through compassionate use. The Gilead Analysts BofA Securities analyst Geoff Meacham maintained...
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Equity Strategist: Buy Stocks, But Keep In Mind We're In A Recession
Thursday, April 9, 2020 - 10:23am | 441The Federal Reserve has taken the necessary steps in stabilizing stocks, and the market is now in a "much better place" than it has been for some time, Chris Harvey, head of equity strategy at Wells Fargo Securities, said Wednesday on CNBC's "Trading Nation." Wells Fargo...
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Splunk Analysts Bullish Despite Investor Pullback Following Q4 Print
Thursday, March 5, 2020 - 12:15pm | 940Data analytics company Splunk Inc (NASDAQ: SPLK) reported a disappointing fourth-quarter bottom-line result Wednesday and issued a weak revenue forecast for the first quarter and fiscal year 2021, sending shares lower. The Splunk Analysts Wells Fargo analyst Philip Winslow reiterated an...
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What To Expect From AMD's Analyst Day
Monday, March 2, 2020 - 6:15pm | 764Advanced Micro Devices, Inc. (NASDAQ: AMD) stock has pulled back roughly around 23% from the record high of $59.27 it hit Feb. 19 amid the market-wide COVID-19-related pullback. Investors are likely to look ahead to the company's financial analyst day scheduled for Thursday for the stock's...
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Qualcomm Analysts Stay On The Sidelines Following Mixed Guidance
Friday, February 7, 2020 - 9:05am | 533QUALCOMM, Inc. (NASDAQ: QCOM) reported fairly strong fiscal-year 2020 first-quarter results, but the stock moved lower, apparently due to the warning regarding the Chinese coronavirus causing supply chain disruption and a probe launched by the EU antitrust watchdog related to its 5G chipset...
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Why This Analyst Is Unmoved By Fox's Strong Quarter
Thursday, February 6, 2020 - 3:42pm | 546Fox Corp Class A (NASDAQ: FOXA) reported a strong fiscal year 2020 second quarter, and investors have cheered the results by sending its shares higher. However, one analyst reacted to the results in a guarded manner. The FOXA Analyst Wells Fargo's Steven Cahall maintained an Underperform...
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Microsoft Analysts See 20% Upside Following Across-The-Board Q2 Beat
Thursday, January 30, 2020 - 12:20pm | 1002Microsoft Corporation (NASDAQ: MSFT) reported stellar fiscal-year second-quarter results, sending shares higher. Microsoft reported quarterly earnings of $1.51 per share, which beat the analyst consensus estimate of $1.32. This is a 37% increase over earnings of $1.10 per share from the same period...
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Intel Analysts Harp On Muted Second Half Outlook Following Stellar Quarter
Friday, January 24, 2020 - 3:20pm | 671Intel Corporation (NASDAQ: INTC) shares are sharply higher Friday after the company reported strong quarterly results. The Analysts Needham analyst Quinn Bolton maintained a Hold rating on Intel. Wells Fargo Securities analyst Aaron Rakers maintained an Equal-Weight rating and increased the price...
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Wells Fargo Sees 30% Upside In Pinterest Shares, Says 'Fundamentals Remain On Solid Footing'
Friday, January 17, 2020 - 11:45am | 409Shares of social media platform Pinterest Inc (NYSE: PINS) are poised to take off given its material underperformance relative to the broader market since its April 2019 IPO, according to Wells Fargo. The Pinterest Analyst Brian Fitzgerald upgraded Pinterest from Equal-weight to...
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Wells Fargo Names Nvidia As Top Semi Idea Into 2020, Lifts Price Target To $270
Friday, December 20, 2019 - 12:58pm | 338NVIDIA Corporation (NASDAQ: NVDA) has evolved to become an indomitable force in the gaming sector, while also making strong inroads into several growth areas, prompting an analyst to be positive on the stock. The Analyst Wells Fargo's Aaron Rakers maintained an Overweight rating on Nvidia and...
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Micron Analysts Stay Bullish Amid Cycle Turning, Demand-Supply Tightness
Thursday, December 19, 2019 - 12:16pm | 982Micron Technology, Inc. (NASDAQ: MU) reported fiscal first-quarter results that exceeded estimates and suggested the second quarter may mark a bottom in terms of its financial performance. The Analysts Goldman Sachs analyst Mark Delaney reiterated a Buy rating on Micron and raised the price target...
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Arista Hit Hard On Q4 Sales Warning: Is Facebook To Blame?
Friday, November 1, 2019 - 12:31pm | 858Arista Networks Inc (NYSE: ANET) shares were plunging to a two-year low after the maker of data center switches issued a downbeat fourth-quarter outlook Thursday. The Analysts MKM Partners analyst Michael Genovese maintained a Neutral rating on Arista and lowered the fair value estimate...