Apple, NVIDIA And Other Tech Stocks From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Several Wall Street analysts have given their ratings and price targets for top information technology stocks including Apple Inc., Microsoft Corporation, Advanced Micro Devices, Inc., and NVIDIA Corporation. The analysts have predicted upside potential for these stocks ranging from 21% to 55%. Recent news for these companies include the launch of Apple's iPhone 15 Pro models, Microsoft's collaboration with Paige for AI cancer detection, AMD's Q3 guidance below estimates, and NVIDIA's partnership with Tata Group for AI infrastructure advancement in India.
September 12, 2023 | 10:38 am
News sentiment analysis
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NEUTRAL IMPACT
Analysts from JP Morgan and B of A Securities have maintained neutral ratings on Advanced Micro Devices, Inc. with a price target of around $130-$132, indicating a potential upside of 23%-25%. AMD has issued Q3 guidance below estimates.
While the analysts' ratings indicate potential upside, the company's Q3 guidance below estimates could have a neutral impact on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Analysts from JP Morgan and Wedbush have maintained positive ratings on Apple Inc. with a price target of around $230, indicating a potential upside of 28%. The upcoming iPhone 15 Pro models are expected to be lighter.
The positive ratings from analysts and the upcoming launch of new iPhone models could potentially drive the stock price up.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Analysts from Oppenheimer and Morgan Stanley have reiterated positive ratings on Microsoft Corporation with a price target of around $410-$415, indicating a potential upside of 21%-23%. Microsoft has announced a collaboration with Paige for AI cancer detection.
The positive ratings from analysts and the recent collaboration for AI cancer detection could potentially drive the stock price up.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Analysts from Truist Securities and Craig-Hallum have maintained positive ratings on NVIDIA Corporation with a price target of around $668-$700, indicating a potential upside of 48%-55%. NVIDIA has partnered with Tata Group for AI infrastructure advancement in India.
The positive ratings from analysts and the recent partnership for AI infrastructure advancement could potentially drive the stock price up.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100