NVDA Stock Prediction: Nvidia Deserves A Price Target of $630

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • My July 27 prediction that NVDA will trade above $460 from its pursuit of ARM Holdings came true.
  • NVDA is again trading below $530. NVDA still deserves a 1-year price target of $630. Owning ARM Holdings is a massive tailwind for Nvidia.
  • SoftBank has agreed to Nvidia’s offer of up to $40 billion offer for ARM Holdings. Nvidia will pay $12 billion in cash plus $21.5 billion in NVDA common shares.
  • Nvidia also agreed to grant $1.5 billion equity to ARM Holdings’ employees and a future bonus payout of $5 billion in cash or NVDA stock based on future financial performance of ARM Holdings.
  • Nvidia promised to retain ARM Holdings as a British company. Nvidia said it will not revise the open-licensing business model. These promises should appease government regulators.

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AMZN Stock Forecast: Raising My Amazon Price Target To $3,550

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • Thanks to my high faith in I Know First, my June 29 prediction that Amazon’s stock will bounce to $3,000 quickly became a reality.
  • Amazon’s stock posted a record-setting 52-week high of $3,344.29 last July 13. Massive profit-taking eventually forced the stock $3,100. I’m therefore endorsing AMZN as a buy.
  • The inability of Microsoft and Google to dethrone Amazon’s leadership in cloud computing infrastructure is why I’m giving AMZN a new price target of $3,550.
  • As per its July 30 ER, Amazon had an amazing Q2. The second-quarter $88.91 revenue is +40% Y/Y. AWS revenue for Q2 was $10.81 billion, +29% Y/Y.
  • My endless optimism for Amazon is again thanks to its bullish one-year trend forecast from I Know First.

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Corning Stock: Corning Glass Deserves A New Price Target of $35

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • Thanks to the reliable prediction AI of I Know First, my June 25 buy recommendation for Corning Glass last June 25 is now a big winner.
  • Corning stock price has risen from $25.81 to $31.12. I was correct in my prediction that GLW deserved a price target of $30.
  • The ongoing pandemic is boosting cloud computing. This should be enough reason to raise my price target for GLW to $35.
  • Companies who are now learning to leverage cloud computing to remain 100% productive during this pandemic will continue to help improve GLW’s data center-centric business.
  • Bet more on Corning Glass because its partnership with Qualcomm for in-building 5G mmWave small-cell infrastructure is another strong growth driver.

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QCOM Stock Forecast: Why Qualcomm Stock Has More Upside Potential

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • The big beat on Q3 2020 ER and the announced settlement with Huawei boosted Qualcomm’s stock price to $103.85.
  • We can already cash out our handsome profit on QCOM. QCOM was trading below $81 when we made our May 20, 2020 buy recommendation for it.
  • Those of you who are not in urgent need for cash, you can still hold on to QCOM. Value-wise, QCOM at over $100 is not yet fully-priced.
  • My one-year price target for QCOM is $120. Demand for smartphones will really shoot up after this COVID-19 pandemic gets a government-approved vaccine.
  • Qualcomm is a solid 5G bet and Qualcomm also has the option to re-enter the data center/cloud computing business.

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Micron Stock Forecast: Surging Cloud Computing And The Pandemic Will Keep Boosting Micron’s Stock

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • My May 13 Micron stock forecast earns a buy recommendation as MU stock has shot up from $43.53 to $51.59.
  • I still rate MU as a buy, and I reiterate my $65 1-year price target for it. There’s still 5 months left that could compel investors to again be more optimistic on Micron.
  • The worsening COVID-19 in America, India, and other parts of the world convinced me that the new normal of work-from-home, learn-from-home is a big tailwind for MU.
  • TMicron reported Q3 outstanding numbers last May. I expect it to do the same for Q4. No thanks to COVID-19, I expect MU’s Q4 revenue to reach as high as $6.3 billion.
  • Storage and RAM products for the data center market are obviously higher-priced/higher-margin tailwinds for Micron.

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Ericsson Stock Assessment: Why LM Ericsson’s Stock Deserves A Price Target of $13.80

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • Ericsson’s stock has risen more than 25% since my June 8, 2020 buy recommendation. I’m still endorsing it as a buy. This stock has enough momentum energy to fly higher.
  • The worsening political saber rattling between China and the U.S. is just near-term drama. Ericsson will continue to prosper as the new top dog in 5G infrastructure deployment.
  • The company will also still prosper just in case China decides to ban it as a retaliation against the gathering anti-Huawei sentiment of America and Europe.
  • Ericsson does not really need the low-margin 5G deployment business in China. It can just concentrate on international markets.
  • The bottom line is that with Huawei ostracized outside of China, Ericsson enjoy a less competitive international market for 5G contracts.

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HLF Stock Prediction: Online Sales Will Keep Boosting Herbalife’s Stock Toward $60

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • The stock price of Herbalife was less than $37 when I made my April 27 buy recommendation for it.
  • HLF’s closing price last July 24 is $50.60. Congratulations to those investors who acted on my April 27 buy recommendation for Herbalife.
  • Those of you who are not yet ready to do profit-taking, you can hold on to HLF and wait for it to go to $60.
  • I’m highly confident that the ongoing COVID-19 crisis will continue to be a tailwind for Herbalife. This pandemic is why I Know First still has a very bullish one-year forecast for HLF.
  • No thanks to COVID-19, Herbalife can wrap up 2020 with annual revenue of $5.25 billion. Herbalife’s revenue last year was $4.88 billion.

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Nvidia Stock Forecast: ARM Holdings May Boost Nvidia’s Stock Over $460

motek 1The Nvidia stock forecast was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • I gave NVDA a price target of $388 last June 9. The stock is now trading above $405. My Nvidia stock forecast again endorses it as a buy.
  • Nvidia’s bold intention to buy ARM Holdings from troubled SoftBank Group could push the stock above $460.
  • ARM Holdings is the intellectual property license owner of ARM processors used by drones, surveillance cameras, smartphones, tablets, ChromeBooks, laptops, smart devices and other Internet of Things products.
  • If the deal pushes through, Nvidia will have the power on who could get or renew their license to design and manufacture ARM-based processors.

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