Saturday, May 23, 2026

BMO noted that fiscal first-quarter results exceeded expectations, driven by strong sales execution, improved linearity, and the closing of deals that had slipped from the fourth quarter. The company's impressive gross profit margin of 75.7% underscores its operational efficiency. The stock trades at $121.85, down 55% over the past year.

RBC reiterates following Q1 results showing 13.5% YoY revenue growth beating consensus by ~1.0%, with subscription revenue up 14.3% YoY coming in ~0.8% above street expectations. The company maintains a 75.7% gross profit margin over the last twelve months, demonstrating pricing power and operational leverage.

Argus raised PT following Nvidia's fiscal Q1 2027 results which exceeded consensus estimates. Quarterly revenue rose in double-digit percentages and non-GAAP EPS increased in low-triple-digit percentages. Fiscal Q1 2027 data center revenue of $75.3 billion rose 92% YoY, reflecting strong AI networking demand.

DA Davidson hosted an investor lunch with Datadog CFO and Head of IR and came away with increased confidence in Datadog's position as a clear AI winner with long-term tailwinds to its business. The stock trades at $224.45, up 88.5% over the past year, with a market cap of $79.47 billion.

Stifel expects Marvell to exceed its $2.40 billion revenue estimate for the April quarter, representing an 8.2% sequential increase. Data center operations, which accounted for 74% of January quarter revenue, are expected to drive the upside, led by optical interconnect demand. The stock trades at $190.69, just 2% below the 52-week high of $194.58.

RBC met with Microsoft IR executives Josh Elvidge and Elana Botha to discuss business outlook. Key discussion topics included M365 usage and AI demand signals, capital expenditure plans. Current stock price around $422.54 suggests significant upside to $640 target.

Evercore ISI added Dell to its Tactical Outperform list, citing continued AI infrastructure momentum and improving enterprise AI demand signals. Firm's estimates imply modest upside to consensus revenue and EPS of $34.9 billion and $2.89, respectively. Stock has benefited from AI infrastructure tailwinds ahead of Q1 FY27 earnings report.

KeyBanc cited strong second fiscal quarter results for April and third fiscal quarter guidance for July. Upside driven by Communications, given data center strength in optical and power, which now represents 75% of Communications and grew 90% YoY, and Consumer. Industrial and Auto segments slightly missed expectations.

TD Cowen raised PT on Analog Devices as 14 analysts revised earnings upward for the upcoming period. Firm cited strong results in industrial and communications segments supported by upside in automotive. AI datacenter-related revenues drove the upgrade. Stock delivered 82% return over the past year, trading at $190B market cap.

BMO noted Take-Two confirmed GTA VI launch date of November 19, 2026. Company provided initial FY2027 bookings guidance of $8.0B to $8.2B, which came in 13% below consensus estimates and 23% below BMO's estimate at the midpoint. BMO believes the guidance is highly conservative, creating potential upside. Market cap is $44.05B.

DA Davidson reiterated Buy following Q4 results that came in approximately 2% ahead of consensus estimates on net bookings. Beat driven by surprise upside from GTA series, RDR series, and several mobile titles, partially offset by softness in NBA 2K which still increased 10% YoY. Revenue growth of 20% over the last twelve months demonstrates underlying business strength.

Stifel reiterated Buy following federal funding announcement for quantum computing development. U.S. Department of Commerce announced distribution of $2 billion from the Chips Act to nine quantum vendors including IBM, which will receive $1 billion and invest additional capital. Stock trades at $252.97 and has surged 15% over the past week.

TD Cowen reiterated Buy following Alphabet's annual I/O developer conference. Firm noted Alphabet announced new AI products and disclosed usage metrics: Search AI Mode has reached more than 1 billion MAUs, while Gemini app has surpassed 900 million MAUs. Stock trades at $382.12, near 52-week high of $404.47, after delivering 127% return over the past year.

Piper Sandler raised PT noting Zoom's Q1 results largely met expectations, with modest acceleration across remaining performance obligations and revenue while maintaining operational efficiency. Stock trades at P/E ratio of 15.6 with impressive 77.39% gross profit margin. Zoom is benefiting from AI-driven demand.

Benchmark raised PT following Q1 FY2027 results and conference call. Stock trades at $108.40, up 23% over the past six months and near 52-week high of $111.56. Analyst Matthew Harrigan said Zoom is transitioning from a video conferencing provider into an AI-enabled enterprise workflow and customer engagement platform.

RBC reiterated Outperform ahead of Cloudflare's June 9 Analyst Day where management will likely focus on AI and agentic positioning, unit economics of their Acts platform, and details on path to Rule of 50 economics. Stock trades at $215.16 with analyst targets ranging from $135 to $300, suggesting potential upside of 16% to consensus target.

TD Cowen reiterated Buy ahead of earnings noting partner conversations suggest strong quarterly performance and raised outlooks. Drivers include core cloud data warehouse consumption, competitive migrations, strengthening Snowpark and machine learning adoption, and emerging AI workloads. Stock trades at $171.27, presenting 49% upside to target, though shares have declined 29% over six months.

Seaport upgraded Texas Instruments to Buy from Neutral, setting a $400 price target. Stock currently trades at $298.39, up 70% over the past year. Firm cited growing power demand and increased electrical intensity per rack as primary drivers for the upgrade, reflecting AI infrastructure build-out benefiting analog/embedded semiconductor demand.