NVDA Stock Forecast: Will the Company Powering OpenAI Keep Up the Pace?

November 8, 2023
Milana PapadopoulouThis NVDA Stock Forecast article was written by Milana Papadopoulou – Financial Analyst at I Know First.

Summary

  • NVIDIA’s shares soared nearly 260% in one year.
  • The company posted record earnings in Q2 2023 and is expected to top that in Q3.
  • However, DCF and comparable companies’ analysis suggests that the company may be overvalued.

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CHTR Stock Forecast: Robust and Scalable Business

October 23, 2023
Meiru ZhongThis CHTR Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.

Summary

  • CHTR earned revenue of $13.66 billion growing by 0.5% in Q2 2023 compared to Q2 2022. The net income decreased by 16.9% to $1.22 billion, mainly due to the higher interest expense and losses on investments.
  • Residential Internet and Commercial businesses contributed most to the total revenue and maintained a continuous and stable growth rate. Mobile business has the greatest growing potential and the rapid growth is expected to sustain in the next few years.
  • CHTR’s current strategy is focused on evolution, expansion, and execution. Specifically, evolution includes Spectrum One, Multi-gigabit Speed Program, and Xumo while expansion is about rural builds to tap into unserved and underserved areas.
  • CHTR has a moderate Performance compared with Peers in the telecommunication service industry. But its liquidity and solvency risks are worth noting as the expected debt needed to be paid will be half or even more than EBIT in the next few years. 
  • DCF values CHTR at $483, with an upside potential of 10%, compared with the stock price of $440.80 on October 19, 2023

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ASML Stock Forecast: A Monopoly with Higher Upside

September 7, 2023
Meiru ZhongThis ASML Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.

Summary

  • The increased sales of EUV and DUV were mainly driven by the strong demand of chipmakers due to digital transformation and chip shortage.
  • ASML is a monopoly on the manufacturing of EUV lithography machines and it has a strong pricing power that the price per EUV had increased by 22% to €176.1 million from 2020 to 2022.
  • ASML has a strong competitive position in the semiconductor industry, with low threats of rivals, new entrants, and substitutes, and low bargaining power of customers and suppliers. It has over 90% market share of the lithography market and 100% share of the EUV market.
  • EUV 0.55 NA, the next generation of the EUV system and promising engine of revenue growth, is expected to ship to customers for R&D purposes at the end of 2023 and support high-volume manufacturing by 2025. 
  • DCF Values ASML at $696, an upside potential of 4% compared with the stock price of $666.04 on September 6, 2023

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META Stock Forecast: Pioneer to New Heights

August 14, 2023
Meiru ZhongThis META Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.

Summary

  • The underperformance in 2022 was attributed to significant currency risks, reduced advertising demand, and strict regulation on target advertising.
  • The advertising revenue is resilient and a good sign shows that advertisers have a strong demand as the economy recovers from COVID and the recession.
  • Restructuring, by implementing a series of cost management practices, reflects META's determination to align business and strategic priorities for operating efficiency.
  • Although it’s difficult to depict how the metaverse will develop and the operating losses kept increasing for Reality Labs, META expects this will be the next chapter of the Internet and will unlock monetization chances.  
  • DCF estimates META stock will grow to $313, an 4% upside potential for the year 2023.

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HOV Stock Forecast: How Much More can Hovnanian Climb?

March 29, 2023
Meiru ZhongThis HOV Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.

Summary

  • There is a marked improvement in Hovnanian’s home sales as its ROE has rebounded from the trough, increasing by 15.2% in Q1 2023.
  • Although the housing demand is decelerated due to the uncertain economic outlook, the supply-demand mismatch is expected to drive HOV stock price to appreciate.
  • HOV attempts to reduce unnecessary costs, increase advertising expenses, offer favorable mortgage rates, and raise community counts to improve performance in 2023.
  • DCF values HOV stock price at $97, with 49% upside potential and technical analysis also supports this bullish forecast.

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NVDA Stock Forecast: Where is NVIDIA Stock Price headed?

February 20, 2023
Meiru ZhongThis NVDA Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.

Summary

  • NVIDIA achieved 58% gross margin and 21% net margin in the first 9 months of FY2023, its profitability positioning at the Top 20 Percent in the semiconductor industry.
  • NVIDIA EPS will grow from $2.97 in the first 9-month level to $3.27 in the next period.
  • Specialized segment Data Center and Automotive had positive growth in the first nine-month of 2022 while Gaming, Professional Visualization, and OEM and Other markets experienced downward due to an oversupply of products and lower demand expectations.
  • DCF estimates NVDA stock will grow to $291, a 37% upside potential for the year 2023.

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URI Stock Forecast:  A Stellar Compounder

February 16, 2023
Rafi ReesThis article was written by Rafi Rees – Financial Analyst at I Know First.

Summary

  • URI recently announced that they will be returning excess cash as a dividend to shareholders.
  • Management maintains that this does not come at the expense of growth prospects which remain incredibly strong.
  • Share buybacks are expected to pick back up with $1bn worth of repurchases scheduled for 2023 amounting to ~2mn shares or 3% of shares outstanding.

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