Analysts Highlight Key Takeaways from Oracle’s Analyst Day By

© Reuters. By Senad Karaahmetovic Oracle Corp. (NYSE:) shares closed 4.45% higher on Thursday after investors reflected positively on the new ambitious long-term revenue targets laid out at yesterday’s Financial Analyst Day. Oracle said it expects to record $65 billion in revenue, 45% non-GAAP operating margins, and >10% annual EPS growth by FY2026. These long-term … Read more

2 Bank Stocks in which analysts remain bullish after their Q2 results

With the earnings season rolling in, Indian companies have started reporting their performance in the June to September (Q2) period of FY22. Here are two bank stocks on which analysts remain bullish and see an upside of up to 40 per cent after their Q2 results: Federal Bank (NS:) Limited The shares of the bank … Read more

IBM, Cisco, HPE Could All Bid for Nutanix, Price Likely $27-$30 a Share – Analysts By

© Reuters By Senad Karaahmetovic Piper Sandler isn’t surprised about media reports that Nutanix (NASDAQ:) is considering a sale. Shares of the cloud-computing company are up 20% in pre-open Friday after the WSJ report said Nutanix attracted takeover interest. “Nutanix has opened governance policies in recent years to be more takeover-friendly, and we believe the … Read more

Analysts eye more growth ahead for INFY after good Q2 results 

The shares of IT-major Infosys Ltd (NS:). shot up more than 5% today on the bourses to touch their day’s high of Rs. 1,494. The stock came down slightly and eventually closed at Rs. 1,477 per share, up 4.02% for the day. The surge in stock price comes after India’s second-largest IT services company clocked … Read more

Seagen Upgraded to Outperform at BMO, Analysts See ‘Undervalued Core Business’ By

© Reuters. By Senad Karaahmetovic BMO analysts upgraded shares of Seagen (NASDAQ:) to Outperform from Market Perform with the price target raised by $1 to $178 per share. Analysts believe SGEN’s core business is underrated by investors. The three key factors behind an upgrade are: 1) CEO resolution will bring more clarity, 2) Risk from … Read more

Apple Grabs No.1 Spot in U.S. PC Market; Analysts Raise iPhone Numbers By

© Reuters. By Senad Karaahmetovic According to early IDC data, Apple Inc (NASDAQ:) is now No.1 in the U.S. PC market with a 28.8% market share at the end of Q3. The Cupertino-based giant overtook Dell (NYSE:), which is now second-ranked with a 22.1% share. HP (NYSE:) also saw its share drop to 19.2% while … Read more

Decoding RBI’s Policy: Analysts’ On Future Rate Hikes & Volatility Outlook

By Malvika Gurung — The Reserve Bank of India’s MPC announced a 50 basis points rate hike on Friday, the third time in a row and stuck with its ‘Withdrawal of Accommodation’ stance, in efforts to arrest the sky-high inflation under the target 2-6% tolerance band. Here’s how different analysts read the central bank’s … Read more

Analysts Positive on Salesforce’s New Mid-term Targets By

© Reuters By Senad Karaahmetovic Shares of Salesforce (NYSE:)are up about 1.5% in premarket Thursday after the company presented its new mid-term financial target at its 2022 Investor Day. Salesforce said it targets $50 billion in revenue in FY26 (representing 17% CAGR). The target for adjusted operating margin is set at 25%+, inclusive of future … Read more

Analysts Discuss Starbucks Stock After Investor Day By

© Reuters. By Senad Karaahmetovic Despite shares of Starbucks (NASDAQ:) falling 1.38% yesterday, the stock still outperformed the vast majority of the market given the extensive selling pressure in response to another red-hot CPI report. Starbucks held its 2022 Analyst Day yesterday where its leaders showcased the company’s Reinvention plan. Investors and analysts have reflected … Read more