All Reports

We reiterate our $200 target, which continues to be based on a sum-of-the-parts (SOTP) analysis, and Outperform on the shares of Flex (FLEX; $136.85) after hosting investor meetings for management in New York last Tuesday…

We are raising our price target to $2,750 on the shares of Sandisk (SNDK; $2,055.86; O/P) as we increase our F2026/2027E EPS from $63/$160 to $64/$180 to be more current with recent NAND pricing dynamics…

We think the pending IPO of Neutron Holdings, doing business as Lime, can provide further valuation support for the idea that the shares of Lyft (LYFT; $15.25; O/P) move higher. We think this proves especially…

We reiterate our Outperform and $450 target on the shares of Jabil (JBL; $374.64) after hosting investor meetings for management in New York earlier this week. Attending from Jabil were CEO Mike Dastoor, CFO Greg…

We are raising our F2026/2027E (Aug) EPS from $61.00/$111.00 to $73.10/$147.00 on Micron (MU; $1,213.56; O/P) after it produced another “jaw dropping beat and raise” with its FQ3 (May) print. Importantly, upside was again driven…

This morning (6/23), the European Automotive Manufacturers Association released car registration data from the region for the month of May, which suggested demand for vehicles in European markets remained relatively solid, albeit at a somewhat…

We are yet again raising our F2026/F2027E (Aug) EPS for Micron (MU; $1,133.99; O/P), this time from $58/$102 to $61/$111, ahead of the company’s FQ3 (May) results, which are scheduled for Wednesday (after market). We…

We are reducing our rating on the shares of Seagate (STX; $1,070.23) from Outperform to Equal Weight on our concerns that expectations around hard disk drive (HDD) pricing may be getting ahead of likely outcomes….

We are reducing our rating on the shares of WD Corporation (WDC; $746.23) from Outperform to Equal Weight on our concerns that expectations around hard disk drive (HDD) pricing may be getting ahead of likely…

Yesterday (6/17), Uber Technologies (UBER; $72.06; O/P) announced that a couple of its robotaxi partnerships now have plans to expand into additional cities. We found the timing of this news to be interesting since it…

Last night, TTM Technologies (TTMI; $202.70; O/P) announced two acquisitions, which we think prove relatively small in terms of initial financial impact but important from a longer-term strategic perspective. Specifically, the company announced plans to…

We are raising our price target from $400 to $450 on the shares of Jabil (JBL; $374.98; O/P) after the company produced a comprehensive FQ3 (May) “beat and raise” that firmly supports the idea that…

This morning, Mobileye (MBLY; $9.62; E/W) announced another major departure from longer term strategic direction, in our view, when management announced it was expanding its Mobileye Drive self-driving system (SDS) product into a vertically integrated…

This morning, Jabil (JBL; $388.56; O/P) announced plans to form a strategic alliance with Adani Group, a major infrastructure conglomerate in India (e.g., renewable energy, public transport, logistics, defense), which is aimed at manufacturing “multi-Gigawatts…

We expect upcoming FQ3 (May) results from Jabil (JBL; $352.26; O/P), scheduled for next Wednesday (6/17 before market), to support the idea that the company is a good place for tech investors to ride through…