Big Move Alert | Nvidia's target price doubles to $500! Does JD.com's Hong Kong stock have room to double too?
Jefferies has raised Microsoft's target price from $350 to $400, a 14% increase, on the grounds that although Amazon won the "first round" of the cloud computing war, Microsoft has the right tools for the booming AI industry and is expected to win the "second round" of the cloud computing war.
JPMorgan: Raises Nvidia's target price from $250 to $500
If calculated at the latest closing price of $305.38, this price means there is still 64% upside potential!
The bank believes that the recent stock price adjustment of Vipshop has provided investors with an entry point. Considering Vipshop's profit visibility and potential upside, the company will be "the best defensive choice in China's e-commerce field in the next six months."
Jefferies: Raises Microsoft's target price from $350 to $400
If calculated at the latest closing price of $313.85, this price means there is still 27% upside potential!
The bank said that although Amazon won the "first round" of the cloud computing war, with AI gradually occupying the center stage, Microsoft has the right tools for vigorous development and is expected to win the "second round" of the cloud computing war.
The bank also said that as one of the "artificial intelligence arms dealers", Microsoft has the ability to provide the necessary infrastructure for the construction and large-scale operation of generative AI technology, and AI is expected to become a tailwind for the company's cloud business. The bank believes that the company will be able to use the large amount of data required to train AI models.
Morgan Stanley: Gives XPeng Motors an "overweight" rating with a target price of $12.5
If calculated at the latest closing price of $8.65, this price means there is still 45% upside potential!
The bank said that XPeng Motors is expected to continue to be under pressure in the second quarter, but with the improvement of parts supply and the launch of new models, sales are expected to show a meaningful recovery in the second half of the year, but profit margins may be under pressure.
At the same time, management expects XPeng Motors to generate positive operating cash flow in the fourth quarter of this year, when monthly sales are expected to reach 20,000 units, and cash flow may reach breakeven at some point in 2024.
The company expects to achieve profitability after 2024 with a full range of vehicle products covering the price range of RMB 150,000 to RMB 350,000.
Goldman Sachs: Gives JD.com a "buy" rating with a 12-month target price of HKD 256
If calculated at the latest closing price of HKD 130.1, this price means there is still 97% upside potential! Goldman Sachs TechNet Asia Pacific met with the JD management team to discuss key issues such as the growth prospects of JD Retail, third-party expansion strategies, and profit outlook.
The management believes that the third-party revenue growth driven by strong gross margin growth will offset the additional promotional impact, and the gross margin of JD Retail will remain basically stable in the second quarter. They also reiterated the gross margin target of JD Retail for the next three years to be 5-6%.
Regarding the growth prospects, the management mentioned the mid-double-digit GMV growth in April and maintained the expectation of high-single-digit GMV growth in the second quarter and double-digit GMV/revenue growth in 2024.