Pacific Crest

Nvidia Corporation (NASDAQ: NVDA) shares were up another 6 percent on Thursday and are now up 22 percent this week after the company reported a huge Q1 earnings beat. Now that Wall Street has had time to digest Nvidia’s monster quarter, here’s a look at some of the key themes analysts...

Michael McConnell of Pacific Crest is sticking with his bearish rating on NVIDIA Corporation (NASDAQ: NVDA)'s stock despite a beat-and-raise earnings report and a 15 percent surge Wednesday. McConnell maintained an Underweight rating on Nvidia's stock with a price target boosted from $90 to...

While tech giants Microsoft Corporation (NASDAQ: MSFT), Facebook Inc (NASDAQ: FB) and Alphabet Inc (NASDAQ: GOOG) continue to invest in machine learning technology, Global Equities Research analyst Trip Chowdhry said NVIDIA Corporation (NASDAQ: NVDA) will be a direct beneficiary of the growing...

Paypal Holdings Inc (NASDAQ: PYPL) announced Wednesday after the market close first-quarter non-GAAP earnings per share of $0.44, ahead of the consensus estimate of $0.41. Revenues were up 17 percent to $2.98 billion, also topping the $2.94 billion-consensus estimate. The company's second-quarter...

Ahead of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s first-quarter results, Pacific Crest Securities, a unit of KeyBanc Capital Markets, recommends buying of the shares of the company. The recommendation follows its conversations with advertisers, which have served to reinforce its confidence in...

It’s understandable for early Twitter Inc (NYSE: TWTR) investors to harbor a certain level of resentment toward Facebook Inc (NASDAQ: FB). The companies had two of the largest and most highly-publicized IPOs in history, and they remain two of the most popular and well-known social media...

Checks with local ad customers suggest the concerns around competition for Yelp Inc (NYSE: YELP) are “overdone,” while the ease and utility of the company’s self-serve product are “underappreciated,” Brad Erickson, equity research analyst at Pacific Crest Securities,...

One of the hottest stocks in the market in the past two years, NVIDIA Corporation (NASDAQ: NVDA), has started off April on shaky ground, dropping more than 7 percent so far this month. Earlier this week, Pacific Crest analyst Michael McConnel downgraded NVIDIA to Underweight, citing “signs of...

The price of Tesla Inc (NASDAQ: TSLA) shares should “ultimately come down,” Pacific Crest analysts said in a review of the electric car manufacturer’s first quarter sales and upcoming Model 3 launch. As the first quarter draws to a close, vehicle delivers are tracking “in...

The wide consensus regarding the retail sector currently is that brick-and-mortar stores are being pushed to the brink, as online retailers are steamrolling past physical retailers. A contrarian view was revealed by Pacific Crest, a unit of KeyBanc, in a note released in March. To the question...

Brent Bracelin of Pacific Crest reaffirmed his Overweight rating on Microsoft Corporation (NASDAQ: MSFT) as he believes Microsoft’s Azure is gaining ground as a cloud alternative to Amazon.com, Inc. (NASDAQ: AMZN)’s AWS. “Favorable feedback from cloud partners, who historically...

Trump's proposed corporate tax overhaul might should sound music to the ears of Apple Inc. (NASDAQ: AAPL) shareholders, a note released by Pacific Crest on Thursday implied. Analysts Andy Hargreaves, Evan Wingren and Tyler Parker sees the likely repatriation of offshore profits, if the tax...

Brent Bracelin of Pacific Crest says Amazon.com, Inc. (NASDAQ: AMZN) AWS growth could moderate this year and next as heavy investments from Microsoft Corporation (NASDAQ: MSFT) Azure and Alphabet Inc (NASDAQ: GOOGL)'s Google Cloud could increase the viability of these alternatives. Viable...

Shares of Adobe Systems Incorporated (NASDAQ: ADBE) hit a new all-time high just shy of $130 after the company's fiscal first quarter report came in better than expected. Brent Bracelin of Pacific Crest maintained an Overweight rating with a price target boosted to $142 from $122. Bracelin...