Apple Stock Forecast: Raising My Apple Price Target to $388

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

  • Apple handily beat the $330 price target I gave it last may 10.  I’m therefore raising my one-year PT to $388.
  • There’s a global pandemic and yet AAPL touts a year-to-date price return of +19.09%. Its 1-year price return is +76.74%. 
  • Investors are bullish on the strong rumor that Apple will use its ARM-based processors on some of its next-generation Mac computer products.
  • ARM-based Macs can help boost the computer segment of Apple. This will help further reduce Apple’s heavy reliance on iPhones sales.
  • An ARM-based MacBook, iMac, and Mac Mini would be cheaper than Intel x86-based Apple computers. Catering to more sectors of buyers is good for Apple.

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PLUS Stock Forecast: ePlus Inc Is Very Affordable Right Now, Bet On Its Future In Cloud Computing

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

Summary:

  • If you like networking hardware giant Cisco, you should consider taking a position on ePlus Inc. 
  • ePlus provides networking hardware and software products to big and small corporations. 
  • ePlus also dabbles in financing the server, data center, and computer requirements of companies and organizations.
  • Networking specialists Juniper Networks, NetApp, and Equinix recently awarded ePlus as their Partner of the Year. This should convince you that ePlus is a long-term winner.
  • Go long on ePlus because it is relatively undervalued compared to its sector peers. 

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Adobe Share Price Forecast: ADBE Deserves A Price Target Of $438

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

  • I concluded last April 23 that Adobe’s stock deserved a 90-day price target of $380.
  • ADBE is now trading above $405. You take your profits now.
  • You may also hold on to your Adobe position. This SaaS company is pandemic-resistant. 
  • My fearless forecast is that ADBE can zoom up to $430 before 2020 ends.

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Nvidia Stock Forecast: I’m Not Happy But Nvidia Is Still A Buy – I’m Raising Price Target To $388

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

  • I made a pre-earnings report buy recommendation for Nvidia last May. I gave it a price target of $320. Nvidia’s stock is now trading above $350.
  • My gut instinct told me that its time to take profits on Nvidia now. Unfortunately, the predictive AI of I Know First still has a mega super bullish one-year forecast for Nvidia’s stock.
  • I have no choice but to again endorse NVDA as a buy. My new one-year price target for it is now $388. 
  • NVDA is relatively overvalued when compared to its peers. However, The Technical Indicators-driven AI prediction system of WalletInvestor has a one-year price target of $413.626 for NVDA.
  • NVDA’S RSI of 100 already made it overbought but if you like momentum driven stocks, NVDA’s EMA trend is still hinting it remains a buy.

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Twitter Stock Forecast: Why You Should Still Go Long On Twitter

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

  • Twitter’s stock touts a 1-month price return of 24.23%. Profit taking now is justified. However, I’m still endorsing this stock as a buy.
  • TWTR has recovered from its March sell-off 52-week low of $20. This stock is still way below its 52-week high of $45.86.
  • Yes, the COVID-19 pandemic is slowing the growth of digital advertising this year. Business closures are forcing some advertisers to spend less.
  • Going forward, more product sellers and marketers will no longer spend on out-of-home/billboard advertising. They will just re-align their ad budgets to digital advertising platforms like Twitter.
  • My buy rating for TWTR is also largely influenced by its valuation ratios

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CAMP Stock: CalAmp Corp is an Affordable Bet on Telematics

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 Telematics Industry  is not pandemic resistant. Cal/Amp saw its Q4 2020 Telematics revenue drop  almost 20% year-over-year to $52.4 million.
  • COVID-19’s headwind on Telematics is why CAMP has not yet recovered to its February highs of $10 price levels.
  • CalAmp’s stock will continue to linger below $9 this year because there’s no COVID-19 vaccine coming soon. This is good for value investors looking for a cheap bet on the fast-growing Telematics industry.
  • Go long on CAMP while it still trades at just 1.23x Forward EV/Sales valuation. This company can survive pandemics. Its Telematics business will recover after COVID-19 gets neutralized.
  • CalAmp will again return to profitability after companies starts adapting efficiently to a pandemic-affected business climate.

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BAC Stock Forecast: Take Advantage of the Dip in Bank of America’s Stock Price

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:

  • Bank of America’s stock is still trading notably lower than its 52-week high of $35.72. Most investors believe banks have a headwind from COVID-19.
  • Millions lost their jobs and many small/medium businesses closed. It is obvious that banks will see increased loan defaults due to COVID-19. .
  • Bank of America is big enough. It can weather the temporary headwind from a global pandemic. More importantly, government central banks are always ready to prop up banks.
  • The cheap stock of Bank of America makes it very attractive. Tipranks gives this bank’s stock an average price target of $29.14.
  • I Know First has a very bullish one-year forecast score for BAC.

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HPQ Stock Forecast: Why You Should Hold HP Inc 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:

  • The COVID-19 pandemic is obviously a tailwind for most companies. HP Inc. is obviously go to trade sideways below $20 for a long time.
  • HP Inc. will report its Q2 2020 earnings later today. Our HPQ stock forecast most likely predicts a drop even with an EPS and revenue beat.
  • The -12.3% decline in Q1 was due to the COVID-19 global pandemic. This was because of shuttered Chinese factories during February-March period.
  • PC sales will still suffer year-over-year declines for most of this year. Many companies are retrenching employees instead of adopting work-from-home.
  • The COVID-19 pandemic is also a big headwind for HP’s printing business.

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