All Reports

Earlier this week, we attended the RE+ 2025 conference in Las Vegas where we joined Nextracker’s (NXT; $67.44; E/W) Analyst Briefing, which included some prepared remarks from CEO Dan Shugar and CFO Chuck Boynton. Overall,…

We reiterate our Outperform and raise our target from $240 to $300 on the shares of Celestica (CLS; $253.01) after hosting meetings earlier this week in New York for CFO Mandeep Chawla and Matthew Pallotta,…

We think recent news flow over the past few weeks is likely proving encouraging for long term investors looking for signs that autonomous commercial activity is picking up steam on the rideshare and delivery front….

Yesterday, Uber Technologies (UBER; $92.81; E/W) announced a new on-demand delivery partnership with Best Buy (BBY; $74.46; NR), which we think represents Uber’s first major foray into the consumer electronics category. We also imagine that…

Last night, Benchmark Electronics (BHE; $40.16; O/P) announced that CEO Jeff Benck, who joined the company in March of 2019, plans to retire effective March 31, 2026. Mr. Benck will be succeeded by David Moezidis,…

We checked retail channel prices on Thursday (8/28) for hard disk drives (HDDs) and solid-state drives (SSDs), which we measure on a Dollar per Gigabyte basis ($/GB). Our checks suggested HDD retail prices are basically…

On Friday (8/29), we checked U.S. retail prices on popular full-HD (1080p) and 4K Ultra High Definition (UHD 2160p) LCD TV models. Our survey turned up generally higher retail pricing dynamics. This is not too…

We reduce our rating on the shares of Dell Technologies (DELL; $134.05) from Outperform to Equal-Weight even as we bump up our F2026/F2027E (Jan) non-GAAP EPS from $9.40/$10.75 to $9.50/$11.00 for average growth of 15%+…

Earlier this week, StorOne, a developer of software-defined storage technology, announced a partnership with Sanmina’s (SANM; $118.90; O/P) Viking Enterprise Solutions subsidiary. Recall, Viking is a provider of what we view as an underappreciated, albeit…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of July, which were a bit above seasonal averages and included some more positive battery electric vehicle (BEV)…

We basically stick with our F2026 and F2027E (Apr) EPS for NetApp (NTAP; $114.38; E/W) at $7.75 and $8.50 (+7-10% per annum vs. +12% in F2025 and +16% in F2024) after the company reported as…

This morning, Vertiv Holdings (VRT; $128.75; E/W) announced it acquired privately held Waylay NV, which is an enterprise automation software platform developer, for an undisclosed amount, although, we think it highly unlikely that the transaction…

We are raising our price target on the shares of Flex (FLEX; $53.15; O/P) from $60 to $65, which assumes that the stock finally trades more consistently at EMS industry peer valuations of ~20X our…

We reiterate our Outperform and raise our target on the shares of Sanmina (SANM; $115.48; O/P) from $120 to $140 to better consider the positive implications for the company after CQ2 results from Advanced Micro…

Yesterday (8/20), DoorDash (DASH; $243.12; E/W) announced that it is significantly expanding on its Commerce Platform with new tools aimed at helping merchants grow direct sales and deepen consumer relationships across a range of channels…