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Expectations Increase For Apple's iPhone 8 Cycle; Nomura Lifts Price Target To $165
Friday, March 24, 2017 - 9:53am | 392The iPhone frenzy is rising to feverish pitch, as iConic Apple Inc. (NASDAQ: AAPL) is working toward launching its 10th anniversary rendition of the smartphone. The clamor refuses to die down, despite the likely launch date still being five months away. Raising Price Target Even as customers and...
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Analyst: NVIDIA Is Overvalued, But Don't Sell Ahead Of CES
Wednesday, December 28, 2016 - 3:18pm | 320After hitting a 52-week high of $119.93 Wednesday morning, shares of NVIDIA Corporation (NASDAQ: NVDA) were trading lower by more than 6 percent on the day. Earning the title as technology's hottest stock in 2016 given its whopping 230 percent return, investors are rightfully questioning if...
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Facebook's $6 Billion Buyback Is 'Pragmatic'
Tuesday, November 22, 2016 - 11:03am | 257On November 18, Facebook Inc (NASDAQ: FB) had announced the authorization of a share buyback program worth $6 billion, starting in Q1:17. Nomura’s Anthony DiClemente maintains a Buy rating on the company, with a price target of $155. Buyback Authorization The analyst pointed out that the...
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Why Is ICICI Bank Soaring Today?
Monday, October 17, 2016 - 12:33pm | 457India's financial services conglomerate ICICI Bank Ltd (ADR) (NYSE: IBN) is on a tear, with its New York-listed ADR gaining over 5 percent. Earlier in the global trading day, the underlying shares listed on the National Stock Exchange of India rallied 7.20 percent before ending the day at 259.15...
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Nomura Expecting A 'Solid' Q1 Out Of Microsoft
Thursday, October 13, 2016 - 11:08am | 248Nomura analysts expect Microsoft Corporation (NASDAQ: MSFT) to report robust results for FQ1 2017. The analysts mentioned that strong performances were especially expected for the Productivity and Business Process division, as well as Intelligent Cloud. Nomura also expects Microsoft to...
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Are You Among The 500,000 Netflix Users About To Cancel Your Membership?
Monday, June 20, 2016 - 3:29pm | 258By the end of the year, 27 million people in the U.S. will be paying more for their Netflix, Inc. (NASDAQ: NFLX) membership than they have in the past. According to Variety, Netflix's planned price increase to $9.99 per month will result in approximately 480,000 customers saying goodbye to...
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Nomura Upgrades Redwood Trust To Buy, Cites Changing Times Over Last 6 Months
Wednesday, May 18, 2016 - 10:49am | 284Nomura’s Brock Vandervliet believes Redwood Trust, Inc. (NYSE: RWT) has reestablished its leadership position in the non-agency mortgage market. The analyst upgraded the rating on the company from Neutral to Buy, while raising the price target from $14 to $16. “At that time, Jumbo...
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3 Catalysts That Should Drive Invesco Mortgage Higher
Wednesday, May 18, 2016 - 10:35am | 240With the Risk Retention rule scheduled to be fully implemented in December 2016, Nomura’s Brock Vandervliet believes Invesco Mortgage Capital Inc (NYSE: IVR) is well positioned “as a CMBS issuer/sponsor and buyer of the equity tranche of third-party securitizations.” Vandervliet...
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Nomura Loves Amazon $5 Billion Buyback, Sees $750 Share Price
Thursday, February 11, 2016 - 10:48am | 163Nomura's Robert Drbul maintained a Buy rating on Amazon.com, Inc. (NASDAQ: AMZN), with a price target of $750, while mentioning that the recent pullback in the stock offers a buying opportunity. After market close on February 10, the company announced that its board had authorized the repurchase of...
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Netflix's Ratings On The Street May Be Mixed, But Consensus Sentiment Remains Positive Long Term
Thursday, January 21, 2016 - 11:05am | 1134Netflix, Inc. (NASDAQ: NFLX) updated its first-quarter earnings guidance on Tuesday. The company announced an EPS guidance of $0.03 for the period. The company's Q4 earnings declined compared to its fourth-quarter earnings results last year. Netflix has indicated its earnings fell to $29.74 million...
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Nomura Securities Sees Ideal Twitter CEO As Product, Use And User Focused
Friday, June 12, 2015 - 11:30am | 388Dick Costolo will be stepping down as the CEO of Twitter Inc (NYSE: TWTR) on July 1, the company announced following the closing bell on Thursday. He will be replaced by Twitter’s co-founder and chairman, Jack Dorsey, on an interim basis. Nomura Securities' Anthony DiClemente was on...
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What Did Oracle Beat Microsoft To? Nomura Analyst Divulges His Suspicions
Wednesday, May 6, 2015 - 2:17pm | 447Ever since the news that salesforce.com, inc. (NYSE: CRM) is looking for an acquirer broke out, the Street seems to be divided on who would make the first move to acquire the company. Opinions seem split between Microsoft Corporation (NASDAQ: MSFT) and Oracle Corporation (NYSE: ORCL). Rick...
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Why Intel Is Rallying Today Despite Mixed Earnings; Nomura Analyst Explains
Wednesday, April 15, 2015 - 2:07pm | 449Intel Corporation (NASDAQ: INTC) reported mixed first-quarter earnings on Tuesday. While profits of the company rose 3 percent, revenues remained flat compared to the same period last year. Despite the lackluster performance, shares of the company opened strong and continue to trade up over 4...
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UPDATE: Nomura Upgrades JP Morgan Chase
Wednesday, September 3, 2014 - 8:43am | 75In a note out Wednesday morning, analysts at Nomura Securities upgraded JP Morgan Chase (NYSE: JPM) from Neutral to Buy, with a $69 price target. The $69 price target is 15 percent higher than the current price of JP Morgan, as the stock is approaching the highs set back in early March at $61....
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Analysts Come Out Bullish On Mobile Iron; Shares Rally ~9%
Monday, July 7, 2014 - 11:22am | 182A number of analysts released notes Monday morning initiating coverage on Mobile Iron (NASDAQ: MOBL) with the equivalent of a Buy rating. The Street reacted favorably to the analyst sentiment, as the stock went up over nine percent in the early hours of Monday's market session. Shares have...