Midday movers: Google, Pepsi rise; Boeing, Zillow fall

BofA Review NVIDIA (NVDA) GTC, 'AI dominance continues in training + inference'

BofA Securities analyst Vivek Arya reiterated a Buy rating and $1,100.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Maintain Buy, $1100 PO and top compute pick following financial analyst Q&A session at GTC 2024 (see our initial GTC takeaways report). Overall,... More

Jefferies Reiterates Buy Rating on Boeing (BA), 'MAX Push to FCF and Margins'

Jefferies analyst Shelia Kahyaoglu reiterated a Buy rating and $300.00 price target on Boeing (NYSE: BA).

The analyst comments "We revisit 2024 FCF and delivery ests w/ BA guiding to a $4.0-4.5BB cash outflow ($2BB downside surprise) in Q1 and low $BBs... More

Boeing (BA) PT Lowered to $225 at RBC Capital, 'impact less than feared'

RBC Capital analyst Ken Herbert lowered the price target on Boeing (NYSE: BA) to $225.00 (from $260.00) while maintaining a Outperform rating.

The analyst comments "Boeing (BA) provided a significant update to its 2024 and 2025/2026 outlook at an investor conference today. For 2024, BA... More

Nvidia GTC: Citi discusses implications for Intel, Micron and AMD stock

In a note to clients this week, analysts at Citi discussed the implications for Intel (NASDAQ: INTC), Micron Technology (NASDAQ: MU), and AMD (NASDAQ: AMD) after Jen-Hsun Huang, CEO of NVIDIA... More

Vertical Research Partners on Boeing (BA): 'myriad of problems'

Vertical Research Partners analyst Robert Stallard reiterated a Hold rating and $230.00 price target on Boeing (NYSE: BA).

The analyst comments "The first step towards fixing a problem is acknowledging that it exists. Boeings cut to its free cash flow guidance is an... More

NVIDIA (NVDA) PT Raised to $950 at Argus

Argus analyst Jim Kelleher raised the price target on NVIDIA (NASDAQ: NVDA) to $950.00 (from $850.00) while maintaining a Buy rating.

The analyst comments "In summary, Nvidia continues to develop ever more powerful generative AI tools and is now powering trillion-parameter multi-mode models. New... More

NVIDIA (NVDA) PT Raised to $850 at Deutsche Bank, Remains Sidelined

Deutsche Bank analyst Ross Seymore raised the price target on NVIDIA (NASDAQ: NVDA) to $850.00 (from $720.00) while maintaining a Hold rating.

The analyst comments "At this years GTC, NVDA reinforced its reputation as the top enabler of AI innovation, with its influence both broad (end customers span applications from 6G to drug discovery to robots/cobots) and deep (NVDA products increasingly addressing the vertical... More

8 thoughts on Gemini talks between Apple and Google

Analysts at Bernstein provided their thoughts on the reported talks between Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOGL) regarding the licensing of Google Gemini to power new artificial intelligence software features for the iPhone.

The firm is not surprised Apple is looking to potentially partner with Google on AI capabilities. "Going it alone or with another partner would risk a highly profitable and proven revenue stream with Google today," said the firm, which feels that although Apple... More

Micron Technology (MU) PT Raised to $110 at CFRA

CFRA analyst Angelo Zino raised the price target on Micron Technology (NASDAQ: MU) to $110.00 (from $94.00) while maintaining a Buy rating.

The analyst comments "We boost our 12-month target to $110 from $94, on a P/E of 12.6x our CY 25 EPS view, near MU's long-term... More

Boeing (BA) reportedly weighing the sale of at least two defense businesses - Bloomberg

Boeing (NYSE: BA) is weighing up the possibility of selling at least two of its defense businesses, according to a report by Bloomberg on Tuesday.

The potential move would bolster the aircraft manufacturer's balance sheet as it struggles through its biggest crisis in... More

CFRA Comments on NVIDIA (NVDA) Conference

CFRA analyst Angelo Zino reiterated a Buy rating and $1,000.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "
We took away three important messages from Jensen Huang's GTC keynote. First, hardware revenue has more upside, as NVDA's Blackwell GPU (B200) will command higher... More

Stifel on Micron Technology (MU) Ahead of Earnings Tomorrow: 'Regaining profitability just an intermediate stepping stone'

Stifel analyst Brian Chin reiterated a Buy rating and $120.00 price target on Micron Technology (NASDAQ: MU).

The analyst comments "Micron reports F2Q(Feb) earnings this Wednesday (after the close). We expect the company to report a narrower loss en route to... More

NVIDIA (NVDA) PT Raised to $1,000 at Goldman Sachs, 'we come away from the keynote with a renewed appreciation'

Goldman Sachs analyst Toshiya Hari raised the price target on NVIDIA (NASDAQ: NVDA) to $1,000.00 (from $875.00) while maintaining a Conviction Buy rating.

The analyst comments "On March 18, we attended a keynote by Nvidia's Founder and CEO, Jensen Huang, at GTC 2024. In a sold-out SAP Center in San Jose, CA, Mr.... More

Micron Technology (MU) PT Raised to $115 at Baird, 'DRAM Supply/Demand Could Return to Equilibrium by C4Q'

Baird analyst Tristan Gerra raised the price target on Micron Technology (NASDAQ: MU) to $115.00 (from $78.00) while maintaining a Neutral rating.

The analyst comments "Raising our estimates and price target on strong pricing momentum. DRAM sufficiency should reach a trough in June and... More