Company Notes

We are bumping up our F2027E (Apr) EPS for NetApp (NTAP; $187.75; E/W) from $8.80 to $9.10 (+10% YoY vs. +13% in F2026) and initiating an F2028E EPS of $9.90 (+10% YoY) after the company…

We reiterate our Outperform and raise our target from $190 to $225 on the shares of TTM Technologies (TTMI; $190.67) after attending its Investor Day in New York where we heard presentations from and had…

We think the thorough technology presentation last week from Vertiv’s (VRT; $327.46; O/P) Chief Product & Technology Officer, Scott Armul, during its Investor Conference, best highlights the a differentiated solution set we see resonating with…

We believe Amkor (AMKR; $65.75; E/W) made a good case for the stock’s recent re-rating during its Investor Day last Thursday (5/21) with thorough support for the idea that advanced outsourced semiconductor packaging and test…

We are raising our rating from Equal-Weight to Outperform on the shares of Vertiv (VRT; $323.52) after attending its Investor Conference in Greenville, South Carolina earlier this week, where we had the opportunity to chat…

We stick with our F2026/F2027E (Apr) EPS of $8.00/$8.80 on NetApp (NTAP; $118.97; E/W) ahead of its FQ4 (Apr) results, scheduled for next Thursday (5/28 after market). We currently model NTAP to be back on…

We think the recent 90%+ rally since late-February in the shares of Dell Technologies (DELL; $235.79; E/W), which we admittedly have missed with our Equal-Weight rating since that time, has put “a lot into the…

Last night after the market closed, TTM Technologies (TTMI; $158.86; O/P) filed an 8-K in which management disclosed that it expects full year 2026 revenues to be approximately $4B or above our $3.8B, which is…

We reiterate our Outperform and raise our target from $250 to $300 on the shares of Sanmina (SANM; $242.04) after hosting investor meetings in New York yesterday for CFO Jon Faust and Paige Melching, SVP,…

Due to a reallocation of resources, Fox Advisors is discontinuing coverage of DoorDash (DASH– $151.30 – Last Rating: Equal-Weight – Price Target: NA). Effective immediately, our rating, price target, disclosures and estimates are discontinued and…

Due to a reallocation of resources, Fox Advisors is discontinuing coverage of Nextracker (NXT– $138.82 – Last Rating: Equal-Weight – Price Target: NA). Effective immediately, our rating, price target, disclosures and estimates are discontinued and…

Due to a reallocation of resources, Fox Advisors is discontinuing coverage of Maplebear d/b/a Instacart (CART– $40.55 – Last Rating: Equal-Weight – Price Target: NA). Effective immediately, our rating, price target, disclosures and estimates are…

We stick with our Outperform on the shares of Lyft (LYFT; $14.35) as we raise our 2026E adjusted EBITDA from $675mm back up to $700mm (+32% YoY vs. its more than 2X jump over the…

We are raising our rating on the shares of Uber Technologies (UBER; $75.45) from Equal-Weight to Outperform and establishing a $95 target as we now think a heavier rate of investment over the past year…

We continue with our Outperform on the shares of Aptiv (APTV; $57.11) after the company posted Q1 results and provided guidance excluding the spin of Versigent (VGNT; $39.00; O/P) for the first time that were…