C Stock Forecast: Solid Company from the Finance Sector

July 15, 2024
Aiden ChalemThis C Stock Forecast article was written by Aiden Chalem – Financial Analyst at I Know First.

Summary

  • Citigroup reported an EPS of 1.75, beating the consensus by 0.48. Effective cost management strategies drove this strong performance. A focus on high-margin business segments also contributed, helping offset a slight year-over-year revenue decline of 1.60%.
  • In Q1 2024, Citigroup's revenue surged to $43.82 billion, driving gross profit to $21.10 billion. This turned operating income positive at $4.54 billion, reflecting the company's strong market presence and improved efficiency.
  • For the rest of the 2024 fiscal year, Citigroup stock will likely experience varied performance. With a current value of $50 per share, Citigroup (C) has a projected average target price of $63.09, reaching as high as $86 and as low as $43.

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MU Forecast: It’s All About the Bytes

July 9, 2024
Milana PapadopoulouThis MU Stock Forecast article was written by Milana Papadopoulou – Financial Analyst at I Know First.

Highlights

  • Technical analysis suggests a bullish outlook for the MU stock
  • MU has a strong presence in the High Bandwidth Memory Sector
  • Analysts place MU’s target share price at $174 per share

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AAPL Stock Forecast: Advanced Ahead Of Earning Release

July 2, 2024
Levi FuThis AAPL Stock Forecast article was written by Levi FU – Financial Analyst at I Know First.

Summary

  • AAPL’s revenue was $90,753 million according to the FY25 Q2 10-Q report, a YOY 4% decrease due to lagging sales in iPhone and Mac product lines. 
  • The publishment of the on-device GenAI features would be available this fall, expecting a higher profit margin.
  • DCF estimates the AAPL stock has a value of $242, representing a 14% upside from the current price of 214.1.

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QCOM Stock Forecast: Is There a Space for Future Growth?

July 1, 2024
Aiden ChalemThis QCOM Stock Forecast article was written by Aiden Chalem – Financial Analyst at I Know First.

Summary

  • QCOM has proved a remarkable success. Increasing in 1 year to date stock value of 73.34%, and a 5-year return of 178.66%. 
  • QCOM has beat consensus EPS in the last fiscal quarters. An EPS for the trailing twelve months was $8.05 and the reported FY24Q1 EPS is $2.10, with predictions that EPS and revenue will continue to rise.
  • Qualcomm (QCOM) appears undervalued relative to its industry peers across several key valuation metrics. The EV/Revenue multiple for Qualcomm stands at 6.1x, significantly below the industry average of 9.1x and the median of 10.8x.

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AMZN Stock Forecast: An Extensive Look at Amazon Stock Over the Years

June 24, 2024
Aiden ChalemThis AMZN Stock Forecast article was written by Aiden Chalem – Financial Analyst at I Know First.

Summary

  • Looking into AMZN's stock profile, by still being a global leader in e-commerce and cloud computing, AMZN is showing a 12.54% YoY growth rate, and a reported FY2024Q1 revenue stood at $143.31 billion, with a growth rate of 12.53%. 
  • Outlook for AMZN in the upcoming years, by looking into a consensus price range between $144.05 and $189.77 in 2024, we expected Amazon to have moderate growth.
  • Boosting Amazon's AWS division operating margin with high profitability, which saw a 26.3% revenue increase to $12.06 billion.

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TSM Stock Forecast: The Silent Partner

June 24, 2024
Milana PapadopoulouThis TSM Stock Forecast article was written by Milana Papadopoulou – Financial Analyst at I Know First.

Highlights

  • TSM has the potential to reach $200 per share
  • TSMC is one of the most influential firms in the semiconductor space
  • TSM is trading at significantly lower multiples than its peers

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KLAC Stock Forecast: Will KLAC Catch up with AI Trends?

June 16, 2024
Levi FuThis KLAC Stock Forecast article was written by Levi FU – Financial Analyst at I Know First.

Summary

  • KLA’s revenue was $2,360 million according to the FY25 Q3 10-Q report, representing a 5.1% decrease compared to FY25 Q2 due to the extended downcycle of the broader industry. 
  • Demand from trailing-edge end markets, particularly in China, continues to grow, with additional growth supported by a rebound in advanced memory applications.
  • DCF estimates the stock has a value of $845.9, which represents a 3% upside from the current price of 824.84.

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