🌎 Astera Labs Initiated, Advanced Micro Devices Initiated, Allegro MicroSystems Initiated and more…

🌎 Astera Labs Initiated, Advanced Micro Devices Initiated, Allegro…

April 16, 2024
by RJ Hamster

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April 16th, 2024

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Today’s Top Stories

Silicon Motion Proves That AI in Motion Stays in Motion

Dr. Martens dour US revenue outlook for the year sends stock of iconic bootmaker plunging

Break Through in Crypto Investing: 2024 Insights Inside (Darwin)

Undervalued UnitedHealth Group Won’t Be For Long

IMF: Outlook for world economy is brighter, though still modest by historical standards

The 5 Stocks Most Sold By Insiders This Year

Bank of America’s Q1 profits fall 18% on higher expenses, charge-offs

Missed NVDA? Buy this AI stock NOW (Chaikin Analytics)

DocuSign and The Case for 66% Upside

Stock market today: Wall Street drifts in mixed trading as Treasury yields rise more

ASML’s Earnings Could Bring The Stock to New Highs

China’s economy grew 5.3% in first quarter, beating expectations, though weak spots remain

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Your Watchlist (Manage Your Watchlist and Monitor Your Portfolio)

Apple Inc. (AAPL)
- Apple (NASDAQ:AAPL) had its “buy” rating reaffirmed by analysts at Needham & Company LLC ( ). They now have a $220.00 price target on the stock. This represents a 29.3% upside from the current price of $170.12.
- COO Jeffrey E. Williams sold 59,162 shares of Apple stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $172.22, for a total value of $10,188,879.64. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares in the company, valued at $84,378,155.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
- CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total value of $9,262,139.28. Following the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at $18,768,046.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
- (4/16) Is Apple (AAPL) signalling a BUY opportunity for Traders and Investors?(uk.investing.com)
- (4/16) Apple loses top smartphone maker crown to Samsung (msn.com)
- (4/16) Salesforce, Apple share losses lead Dow’s nearly 250-point drop (msn.com)
- (4/16) How To Earn $500 A Month From Apple Stock Ahead Of Q2 Earnings(msn.com)
- (4/16) Apple (NASDAQ:AAPL) Wants to Boost its Investment in Vietnam(msn.com)
- (4/16) Is Apple About To Disappoint Investors With Q2 Print? Analyst Flags 2 Factors Weakening iPhone Maker (markets.businessinsider.com)
- (4/16) ASML’s Earnings Could Bring The Stock to New Highs (AAPL)(marketbeat.com)
- (4/16) PayPal’s User Decline Won’t Stop Its Double-Digit Upside (AAPL)(marketbeat.com)
- (4/16) Apple (NASDAQ:AAPL) Rating Reiterated by Needham & Company LLC(marketbeat.com)
- (4/16) Apple CEO says that he wants to increase investments in Vietnam(financialpost.com)
Amazon.com, Inc. (AMZN)
- Amazon.com (NASDAQ:AMZN) had its price target raised by analysts at Stifel Nicolaus ( ) from $200.00 to $224.00. They now have a “buy” rating on the stock. This represents a 21.6% upside from the current price of $184.26.
- (4/16) Amazon.com (NASDAQ:AMZN) Shares Up 0.2% on Analyst Upgrade(marketbeat.com)
- (4/16) 2 Catalysts That Could Drive Amazon Stock Even Higher (fool.com)
- (4/16) Amazon Stock Is Hitting Records. Is It Too Late to Buy Amazon Stock?(fool.com)
- (4/16) Analysts Offer Insights on Consumer Cyclical Companies: Amazon (AMZN) and McDonald’s (MCD) (markets.businessinsider.com)
- (4/16) How AI Is Helping Amazon Save Half A Million Tons Of Packaging Per Year(forbes.com)
- (4/16) Amazon, Meta, Uber Remain ‘Top Overall Picks’ At JPMorgan Ahead Of Q1 Earnings (markets.businessinsider.com)
- (4/16) Stifel Nicolaus Increases Amazon.com (NASDAQ:AMZN) Price Target to $224.00 (marketbeat.com)
- (4/16) Palantir, AMD, Ericsson, Amazon, and Other Tech Stocks in Focus Today.(barrons.com)
- (4/16) What’s Going on With Amazon Stock? (fool.com)
- (4/16) Rallying Cry: 3 Momentum Stocks Surfing Toward Even Greater Gains(investorplace.com)
Alphabet Inc. (GOOGL)
- Alphabet (NASDAQ:GOOGL) had its price target raised by analysts at UBS Group AG ( ) from $150.00 to $166.00. They now have a “neutral” rating on the stock. This represents a 7.4% upside from the current price of $154.55.
- Director John L. Hennessy sold 800 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the transaction, the director now owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
- (4/16) Alphabet (NASDAQ:GOOGL) Shares Down 0.5% on Insider Selling(marketbeat.com)
- (4/16) Alphabet (GOOGL) Earnings Expected to Grow: Should You Buy?(zacks.com)
- (4/16) Here’s Why Alphabet (GOOGL) is a Strong Growth Stock (zacks.com)
- (4/16) Alphabet (NASDAQ:GOOGL) Price Target Raised to $166.00 at UBS Group(marketbeat.com)
- (4/16) Forget Nvidia: Billionaire Bill Ackman owns $1.9 billion worth of Alphabet stock (usatoday.com)
- (4/16) DeepMind Head: Google AI Spending Could Exceed $100 Billion(pymnts.com)
- (4/16) 1 Stock That Turned $1,000 Into Nearly $2 Million (fool.com)
- (4/16) Turtle Creek Wealth Advisors LLC Invests $1.80 Million in Alphabet Inc. (NASDAQ:GOOGL) (marketbeat.com)
- (4/16) John L. Hennessy Sells 800 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock (insidertrades.com)
- (4/15) Ad transparency tools are ‘major disappointment’ ahead of election, new study shows (cnbc.com)
Meta Platforms, Inc. (META)
- Meta Platforms (NASDAQ:META) had its price target raised by analysts at Stifel Nicolaus ( ) from $527.00 to $588.00. They now have a “buy” rating on the stock. This represents a 17.8% upside from the current price of $499.26.
- Meta Platforms (NASDAQ:META) had its price target raised by analysts at UBS Group AG ( ) from $530.00 to $610.00. They now have a “buy” rating on the stock. This represents a 22.2% upside from the current price of $499.26.
- (4/16) Flputnam Investment Management Co. Purchases 9,603 Shares of Meta Platforms, Inc. (NASDAQ:META) (marketbeat.com)
- (4/16) A Once-in-a-Generation Investment Opportunity: 1 Sizzling Artificial Intelligence (AI) Stock to Buy Hand Over Fist in April (fool.com)
- (4/16) Meta Platforms (NASDAQ:META) Given New $610.00 Price Target at UBS Group (marketbeat.com)
- (4/16) 1 Stock That Turned $1,000 Into Nearly $2 Million (fool.com)
- (4/16) Zuckerberg Dodges A Bullet: Judge Tosses Some Lawsuit Claims Against Meta CEO In Youth Harm Litigation (benzinga.com)
- (4/16) Meta’s Oversight Board probes explicit AI-generated images posted on Instagram and Facebook (techcrunch.com)
- (4/16) Meta Platforms Stock Has 18% Upside, According to 1 Wall Street Analyst(fool.com)
- (4/16) Zuckerberg Escapes Personal Liability In Social Media Addiction Lawsuits Against Meta (ibtimes.com)
- (4/15) Meta Platforms’ 1Q earnings preview: Growth momentum to stay intact(ig.com)
- (4/15) Ad transparency tools are ‘major disappointment’ ahead of election, new study shows (cnbc.com)
Microsoft Co. (MSFT)

Analysts’ Upgrades

Advanced Micro Devices (NASDAQ:AMD) was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $225.00 price target on the stock, up previously from $180.00. This represents a 38.0% upside from the current price of $163.08.
Avalo Therapeutics (NASDAQ:AVTX) was upgraded by analysts at Oppenheimer Holdings Inc. from a “market perform” rating to an “outperform” rating.The current price is $18.21.
Crown (NYSE:CCK) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $90.00 price target on the stock, up previously from $85.00. This represents a 16.9% upside from the current price of $77.00.
CNO Financial Group (NYSE:CNO) was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $29.00 price target on the stock. This represents a 14.6% upside from the current price of $25.30.
The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) was upgraded by analysts at CIBC from a “neutral” rating to a “sector outperform” rating. They now have a $101.00 price target on the stock, up previously from $96.50. This represents a 11.6% upside from the current price of $90.50.
The Goldman Sachs Group (NYSE:GS) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $465.00 price target on the stock. This represents a 16.3% upside from the current price of $399.81.
Kroger (NYSE:KR) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $65.00 price target on the stock, up previously from $58.00. This represents a 17.1% upside from the current price of $55.49.
Rivian Automotive (NASDAQ:RIVN) was upgraded by analysts at UBS Group AG from a “sell” rating to a “neutral” rating. They now have a $9.00 price target on the stock. This represents a 2.9% upside from the current price of $8.75.
TD SYNNEX (NYSE:SNX) was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $145.00 price target on the stock, up previously from $115.00. This represents a 26.6% upside from the current price of $114.52.
Tyson Foods (NYSE:TSN) was upgraded by analysts at Barclays PLC from an “underweight” rating to an “overweight” rating. They now have a $69.00 price target on the stock, up previously from $53.00. This represents a 18.4% upside from the current price of $58.29.
View today’s most recent analysts’ upgrades at MarketBeat.com

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Analysts’ New Coverage

Analog Devices (NASDAQ:ADI) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $254.00 price target on the stock. This represents a 30.9% upside from the current price of $194.00.
Astera Labs (NASDAQ:ALAB) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $100.00 price target on the stock. This represents a 37.0% upside from the current price of $72.99.
Allegro MicroSystems (NASDAQ:ALGM) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $36.00 price target on the stock. This represents a 32.9% upside from the current price of $27.09.
Applied Materials (NASDAQ:AMAT) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $260.00 price target on the stock. This represents a 24.0% upside from the current price of $209.61.
Advanced Micro Devices (NASDAQ:AMD) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $200.00 price target on the stock. This represents a 22.6% upside from the current price of $163.08.
AnaptysBio (NASDAQ:ANAB) is now covered by analysts at SVB Leerink LLC. They set an “outperform” rating and a $47.00 price target on the stock. This represents a 118.8% upside from the current price of $21.48.
ARM (NASDAQ:ARM) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $156.00 price target on the stock.
ASML (NASDAQ:ASML) is now covered by analysts at Evercore ISI. They set an “outperform” rating on the stock.The current price is $974.24.
Auna (NYSE:AUNA) is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $14.00 price target on the stock. This represents a 85.2% upside from the current price of $7.56.
Auna (NYSE:AUNA) is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $16.00 price target on the stock. This represents a 111.6% upside from the current price of $7.56.
Auna (NYSE:AUNA) is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $14.00 price target on the stock. This represents a 85.2% upside from the current price of $7.56.
Broadcom (NASDAQ:AVGO) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $1,620.00 price target on the stock. This represents a 22.3% upside from the current price of $1,324.11.
Camtek (NASDAQ:CAMT) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $100.00 price target on the stock. This represents a 19.4% upside from the current price of $83.72.
DraftKings (NASDAQ:DKNG) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $60.00 price target on the stock. This represents a 32.9% upside from the current price of $45.15.
Okeanis Eco Tankers (NYSE:ECO) is now covered by analysts at B. Riley. They set a “buy” rating and a $38.00 price target on the stock. This represents a 23.4% upside from the current price of $30.80.
Fair Isaac (NYSE:FICO) is now covered by analysts at Redburn Atlantic. They set a “neutral” rating and a $1,113.00 price target on the stock. This represents a 2.3% downside from the current price of $1,139.26.
FormFactor (NASDAQ:FORM) is now covered by analysts at Evercore ISI. They set an “in-line” rating and a $50.00 price target on the stock. This represents a 13.3% upside from the current price of $44.14.
Genius Sports (NYSE:GENI) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $7.50 price target on the stock. This represents a 43.7% upside from the current price of $5.22.
GE Vernova (NYSE:GEV) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $154.00 price target on the stock. This represents a 18.5% upside from the current price of $129.92.
GLOBALFOUNDRIES (NASDAQ:GFS) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $71.00 price target on the stock. This represents a 47.3% upside from the current price of $48.20.
Intel (NASDAQ:INTC) is now covered by analysts at Evercore ISI. They set an “in-line” rating and a $40.00 price target on the stock. This represents a 10.5% upside from the current price of $36.21.
Gartner (NYSE:IT) is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “hold” rating and a $507.00 price target on the stock. This represents a 10.4% upside from the current price of $459.20.
Janux Therapeutics (NASDAQ:JANX) is now covered by analysts at Jonestrading. They set a “buy” rating and a $70.00 price target on the stock. This represents a 37.1% upside from the current price of $51.05.
KLA (NASDAQ:KLAC) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $800.00 price target on the stock. This represents a 15.8% upside from the current price of $690.70.
Klaviyo (NYSE:KVYO) is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $31.00 price target on the stock. This represents a 31.1% upside from the current price of $23.65.
Standard BioTools (NASDAQ:LAB) is now covered by analysts at TD Cowen. They set a “buy” rating and a $3.50 price target on the stock. This represents a 25.9% upside from the current price of $2.78.
Cheniere Energy (NYSE:LNG) is now covered by analysts at Redburn Atlantic. They set a “neutral” rating and a $162.00 price target on the stock. This represents a 5.6% upside from the current price of $153.36.
Lam Research (NASDAQ:LRCX) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $1,200.00 price target on the stock. This represents a 24.8% upside from the current price of $961.19.
Microchip Technology (NASDAQ:MCHP) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $106.00 price target on the stock. This represents a 22.0% upside from the current price of $86.88.
Marvell Technology (NASDAQ:MRVL) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $88.00 price target on the stock. This represents a 28.7% upside from the current price of $68.35.
MACOM Technology Solutions (NASDAQ:MTSI) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $120.00 price target on the stock. This represents a 21.4% upside from the current price of $98.81.
NVIDIA (NASDAQ:NVDA) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $1,160.00 price target on the stock. This represents a 33.4% upside from the current price of $869.70.
Nova (NASDAQ:NVMI) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $210.00 price target on the stock. This represents a 18.2% upside from the current price of $177.66.
NXP Semiconductors (NASDAQ:NXPI) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $300.00 price target on the stock. This represents a 29.7% upside from the current price of $231.27.
Onsemi (NASDAQ:ON) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $104.00 price target on the stock. This represents a 59.9% upside from the current price of $65.05.
ON (NYSE:ONON) is now covered by analysts at William Blair. They set an “outperform” rating on the stock.The current price is $32.97.
Onto Innovation (NYSE:ONTO) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $235.00 price target on the stock. This represents a 25.1% upside from the current price of $187.83.
PENN Entertainment (NASDAQ:PENN) is now covered by analysts at Benchmark Co.. They set a “hold” rating on the stock.The current price is $16.46.
Impinj (NASDAQ:PI) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $160.00 price target on the stock. This represents a 33.0% upside from the current price of $120.33.
QUALCOMM (NASDAQ:QCOM) is now covered by analysts at Evercore ISI. They set an “in-line” rating and a $177.00 price target on the stock. This represents a 5.0% upside from the current price of $168.63.
Reddit (NYSE:RDDT) is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “buy” rating and a $50.00 price target on the stock.
Reddit (NYSE:RDDT) is now covered by analysts at Bank of America Co.. They set a “neutral” rating and a $46.00 price target on the stock.
Teradyne (NASDAQ:TER) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $130.00 price target on the stock. This represents a 22.8% upside from the current price of $105.86.
Texas Instruments (NASDAQ:TXN) is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $213.00 price target on the stock. This represents a 26.6% upside from the current price of $168.30.
View today’s most recent analysts’ new coverage at MarketBeat.com

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🌎 Astera Labs Initiated, Advanced Micro Devices Initiated, Allegro MicroSystems Initiated and more…

🌎 Astera Labs Initiated, Advanced Micro Devices Initiated, Allegro…

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