LRCX Stock Forecast: Embracing Double-Digit Growth

Meiru ZhongThis LRCX Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.

Summary

  • The decreased sales of wafer fabrication equipment (WFE) were mainly driven by the weakened customer demand, especially in the memory market, and trade restrictions on sales of specific products and services to China.
  • By the end of the December quarter of 2023, LRCX earned a total revenue of $3.76 billion, reduced by 28. 8%. Its system revenue dropped by 35.2% and customer support-related revenue decreased by 15.7% compared with the last December quarter.
  • The company differentiates products and services by focusing on multiple available market expansion opportunities and gets closer to customers by processing development capabilities near customers and manufacturing, including the Malaysia facility.
  • Lam Research has outperformed and remained resilient in spite of the slowing economy, as the revenue growth rate is almost double the growth rate expected by the World Semiconductor Trade Statistics.
  • DCF Values LRCX at $1,023, an upside potential of 8% compared with the stock price of $949.08 on March 20, 2024.

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AMD Stock Forecast: Overcoming Challenges and Embracing

Meiru ZhongThis AMD Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.

Summary

  • AMD faced challenges in the first nine months of 2023, with lower sales of key processors and increased R&D investment, partially offset by positive contributions from Radeon GPU sales, product mix adjustments, and the inclusion of Xilinx.
  • AMD's strategic focus on high-performance and adaptive computing technology, reflected in a $4.4 billion investment in R&D for the nine months of 2023.
  • AMD’s Q3 2023 highlighted a strong cash position of $5.8 billion for future stock buyback and a robust industry outperformance.
  • DCF valued AMD at $143, a 6% upside potential compared to $135.47 on December 20, 2023. 

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V Stock Forecast: Swiping into the Future.

Milana PapadopoulouThis V Stock Forecast article was written by Milana Papadopoulou – Financial Analyst at I Know First.

Highlights

  • The stock has grown 23.69% since the beginning of 2023.
  • DCF valuation suggests the stock’s incremental price is $308.98, above the current market price.
  • The stock is a "Buy" in the short term and a "Strong Buy' in the long term.

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TSLA Forecast: A Ride to the Future.

Milana PapadopoulouThis TSLA Stock Forecast article was written by Milana Papadopoulou – Financial Analyst at I Know First.

Highlights

  • TSLA Stock is currently undervalued.
  • The fair value of the stock is around the $300 mark.
  • Aided by its proprietary AI and new model releases, Tesla is bound to experience growth in the coming year.
  • The forecast is in line with the algorithmic signal.

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

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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STRL Stock Forecast: Investing in Infrastructure in an Uncertain World

Zheman ZhongThis STRL Stock Forecast article was written by Zheman Zhong – Financial Analyst at I Know First.

Summary

  • Sterling Infrastructure, Inc. (STRL) operates diversely across the U.S., with proficiency in E-Infrastructure, Transportation, and Building Solutions. It boasts a commitment to sustainable operations known as The Sterling Way.
  • Financial analysis reveals STRL's significant cash reserve growth by 2021, paired with considerable debt accumulation, potentially from growth ventures or significant financial commitments.
  • STRL showcases robust financial metrics within the construction industry, with an impressive ROE of 25.62% and a ROA of 8.25%, both notably surpassing industry medians.
  • A comparative valuation with industry peers highlights STRL's mixed valuation metrics, with potential stock price growth projected in the near future, positioning it as an attractive consideration for investors.

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Adobe Stock Forecast: A Financial Titan in the Software Sector 

Zheman ZhongThis Adobe Stock Forecast article was written by Zheman Zhong – Financial Analyst at I Know First.

Summary

  • Adobe's Financial Dominance: Adobe's revenue surged from $9.03 billion in 2018 to around $18.89 billion in the trailing twelve months, outperforming many in the software industry.
  • Firefly Generative AI Models: Adobe introduced Firefly, a cutting-edge generative AI tool, integrated into key platforms and promising a fresh revenue model through "Generative Credits".
  • Stock Performance and Dynamics: Over the year, Adobe's stock trended upward, though it experienced a dip in September, possibly linked to the Firefly AI Models' introduction.
  • Superiority in the Software Industry: Benchmarking against its peers, Adobe consistently showcases stellar financial metrics, cementing its leadership in the sector.

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