All Reports

We raise our F2026/F2027E (Aug) EPS for Micron (MU; $263.71; O/P) from $16.50/$18.00 to $17.75/$21.50 ahead of its FQ1 (Nov) print, scheduled for next Wednesday (12/17 after market), predominantly to reflect its much more favorable…

We reiterate our Outperform on the shares of Jabil (JBL; $229.97) ahead of the company’s FQ1 (Nov) print and outlook, scheduled for next Wednesday (12/17 before market). We believe management set the bar reasonably for…

The shares of Lyft (LYFT; $20.46; O/P) and Uber Technologies (UBER; $84.37; E/W) continue to be “whipsawed”, both up and down in our view, by the latest news on the autonomous rideshare front. Specifically, we…

We reiterate our Outperform and raise our target from $560 to $600 on the shares of Fabrinet (FN; $514.25; O/P) after hosting investor meetings for the company’s CEO Seamus Grady and Garo Toomajanian, VP, IR…

We think yesterday’s keynote from Amazon’s (AMZN; $232.38; NR) AWS CEO Matt Garman at the company’s re: Invent user conference further highlighted what we believe to be a wealth of new and more complex program…

Earlier this week, Lyft (LYFT; $22.43; O/P) highlighted in a blog post how it is continuing to enhance customer support through its previously announced partnership with Amazon Web Services (AWS) and Anthropic, a developer of…

We checked retail channel prices on “Cyber Monday” (12/1) for hard disk drives (HDDs) and solid-state drives (SSDs), which we measure on a Dollar per Gigabyte basis ($/GB). Our checks suggested average HDD retail prices…

On “Cyber Monday” (12/1), we checked prices on a range of popular full-HD (1080p) and 4K Ultra High Definition (UHD 2160p) LCD TV models from LG, Samsung and Vizio by pulling publicly available prices from…

We believe recent news flow highlights how investment drivers across the electronics manufacturing services (EMS) industry should prove increasingly dynamic next year. To that end, we point to the recent announcement of a new partnership…

We are adjusting our 2026E adjusted EBITDA for DoorDash (DASH; $198.37; E/W) from $3.325B (2.6% of GOV) to $3.425B (2.6% of GOV vs. 2.7% in 2025E and 2.4% in 2024) to better consider the recent…

We are bumping up our F2026/F2027E (Apr) for NetApp (NTAP; $111.48; E/W) from $7.75/$8.50 to $7.90/$8.65, which now assumes average EPS growth of 9% YoY, after the company produced a solid FQ2 (Oct) “beat and…

We raise our F2026/F2027E (Jan) EPS for Dell Technologies (DELL; $125.92; E/W) from $9.50/$11.00 to $10.00/$11.70 after it produced a healthy FQ3 (Oct) “beat and raise” that was again led by robust AI server demand…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of October, which was basically in line with MoM seasonal patterns, albeit with some positive battery electric vehicle…

Earlier this week, we spent a day in St. Louis at the SC25 conference where we sat in on a few presentations, walked the trade show floor, and spoke with various managers from leading power…

We reiterate our Outperform rating and $290 price target on the shares of TE Connectivity (TEL; $213.78) after attending the company’s Investor Day yesterday (11/20) in Philadelphia where we heard presentations from a range of…