Analyst Moves in AI This Week

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Nvidia Stock: Next Stop is $160-170, Says Mizuho Analyst

Jordan Klein, a tech desk sector strategist at Mizuho, maintains a positive outlook for Nvidia, projecting its stock could climb to the $160-$170 range ahead of the GPU Technology Conference in March 2025. He believes Nvidia’s management will reinforce a bullish view during meetings at CES in early January.

Morgan Stanley Names 3 Reasons Why Apple Stock is Top Pick for 2025

Morgan Stanley analysts reaffirmed Apple as their top pick for 2025, citing catalysts like the potential impact of Apple Intelligence on iPhone demand, double-digit growth in services revenue, and steady gross margin expansion. They forecast a 12% year-over-year growth in iPhone shipments in fiscal 2026.

Mizuho Lifts Amazon Price Target on GenAI Opportunity

Mizuho raised its price target for Amazon to $260, highlighting generative AI as a key growth driver. Innovations from the AWS re:Invent 2024 conference, including the new Trainium2 chip, are aimed at enhancing the deployment of GenAI solutions. Mizuho now estimates FY25 AWS revenue growth at 21%.

BofA Downgrades AMD Amid AI Competition, PC Market Slowdown

Bank of America downgraded AMD from Buy to Neutral, cutting its price target to $155. Concerns include competitive pressure in the AI market, especially from NVIDIA, and a potential PC processor market slowdown in early 2025. AMD's market share in the AI accelerator sector is forecasted to only reach 4% by 2025.

TD Cowen Cuts Adobe to Hold After Results

Following weaker-than-expected Q4 earnings, TD Cowen downgraded Adobe from Buy to Hold, lowering its price target to $550. The firm noted challenges including slow growth trends and management’s forecast of a decline in operating margins amid a shift towards AI technologies without immediate monetization. Analysts see multiple headwinds for Adobe in 2025.