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Td Cowen

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TD Cowen Keeps Buy on Micron, Sets $1,600 Target for 63% Upside
markets2 hours ago

TD Cowen Keeps Buy on Micron, Sets $1,600 Target for 63% Upside

TD Cowen reiterates a Buy on Micron (MU) with a $1,600 price target, implying about 63% upside from the current price as supply constraints persist and demand for DRAM/HBM/NAND remains strong, aided by Supply Constrainment Agreements that boost revenue visibility. The AI-memory boom and tight DRAM markets underpin potential pricing gains, while Micron’s Q3 revenue reached $41.46B with Q4 guidance near $50B, alongside a long-term US investment plan of $250B through 2035 to expand domestic DRAM capacity.

via Finbold|
#markets#memory-market#micron-technology
Synaptics tie-up dims onsemi's growth path, TD Cowen says
business15 days ago

Synaptics tie-up dims onsemi's growth path, TD Cowen says

TD Cowen cut onsemi to Hold from Buy, arguing the all-stock acquisition of Synaptics complicates the company’s investment thesis by diversifying beyond a pure automotive/datacenter growth story. The target price was trimmed to $110 from $115. While management touts synergistic and AI-driven opportunities, Cowen questions whether Synaptics’ edge AI processors will help onsemi compete with larger peers and notes limited detail on revenue opportunities beyond cross-selling. The firm projects roughly 12% equity dilution and meaningful earnings accretion not until 2028–2029, and highlights near-term challenges like elevated inventories and pricing pressure in the power-discrete portfolio, even as the deal aims to broaden addressable markets with about $200 million in annual synergies.

via Yahoo Finance|
#acquisition#business#downgrade
Micron Jump Fueled by TD Cowen's 127% Target Lift Ahead of Earnings
business26 days ago

Micron Jump Fueled by TD Cowen's 127% Target Lift Ahead of Earnings

Micron Technology shares surged after TD Cowen raised its price target by 127% to $1,500 ahead of Micron’s June 24 earnings, with analyst Krish Sankar saying AI memory demand remains ahead of supply and could boost margins. The note also projects about $23 per share in Q3 (above the ~$20 consensus) and around $27 in the August quarter, suggesting the memory cycle may have room to run despite MU’s sharp year-to-date rally.

via Yahoo Finance|
#ai-memory-demand#business#micron-technology
"Wall Street Boosts Broadcom's Outlook After AI Expansion and Cost Cuts"
finance2 years ago

"Wall Street Boosts Broadcom's Outlook After AI Expansion and Cost Cuts"

TD Cowen upgraded Broadcom's rating from Market Perform to Outperform and raised its price target on the company from $1,400 to $1,500 per share, citing enthusiasm for the company's AI potential and positive feedback from its recent infrastructure event. The firm highlighted potential upside from custom silicon and back-end AI networking, while acknowledging risks related to data center spending and capital return program. Despite joining the bullish sentiment late, TD Cowen's upgrade comes as Broadcom's stock has already rallied significantly, with 80% of analysts covering it having buy equivalent ratings.

via Yahoo Finance|
#ai-potential#broadcom#finance
"Outlook for Spirit Airlines' Rebound and Blocked Merger Appeal"
finance2 years ago

"Outlook for Spirit Airlines' Rebound and Blocked Merger Appeal"

T.D. Cowen predicts that Spirit Airlines shares will continue to rebound following a federal judge's decision to block its proposed acquisition by JetBlue Airways. The airline's shares rallied after a five-day losing streak and an upbeat revenue forecast, despite concerns about potential bankruptcy. Spirit Airlines and JetBlue have filed an appeal to the judge's decision, and Spirit Airlines also updated its guidance with better-than-expected revenue and operating margin. T.D. Cowen maintained its market perform rating for Spirit Airlines and lowered its price target, while JetBlue shares are down in premarket trades.

via MarketWatch|
#airline-industry#finance#jetblue-airways