CrowdStrike (CRWD) has an average rating of overweight and mean price target of $674.52, according to analysts polled by FactSet.
Price: $696.53, Change: $-51.08, Percent Change: -6.83%
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Roku's Personalized Home Screen Upgrade to Likely Drive Revenue Growth, Morgan Stanley Says
Roku (ROKU) is transforming its "home screen" into a dynamic, personalized experience, which is likely to unlock ad revenue and fast-track the company toward $1 billion in free cash flow, Morgan Stanley said in a report Thursday.The product "refresh" comes as Roku increases financial transparency. New disclosures reveal that Roku's advertising gross margins exceeded 60% in Q1 while its subscription division has grown into a $2 billion annualized revenue stream, according to the report.The firm expects Roku to outpace "conservative" management guidance, driven by deepening ad partnerships with Amazon.com (AMZN) and Alphabet's (GOOG, GOOGL) Google's DV360, alongside upcoming "cyclical tailwinds" from political advertising and the 2026 FIFA World Cup. Strong cost discipline under CFO Dan Jedda is also expected to pull Roku's $1 billion free cash flow milestone ahead of its 2028 target.Morgan Stanley reiterated an overweight rating on Roku and raised its price target to $170 from $150.Price: $126.99, Change: $+4.79, Percent Change: +3.92%
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Broadcom's AI Growth on Track, New Customers Likely to Ramp Deals, BofA Securities Says
Broadcom's (AVGO) fiscal Q2 results and Q3 guidance only modestly exceeded Street expectations, but its AI growth remains on track for about 180% year-over-year in fiscal 2026 and almost 100% in fiscal 2027, BofA Securities said in a note Thursday.Broadcom's visibility in its AI compute program now extends into 2028, with multiple new customers, including Amazon-backed (AMZN) Anthropic, Meta (META), and Open AI expected to ramp purchase agreements over the next few years, according to the note.The company's Software growth outlook of over 30% in fiscal Q3 suggests there are multiple growth vectors within the AI theme, the brokerage said, adding it expects earnings per share to exceed $30 by calendar year 2030, implying a compound annual EPS growth rate of about 40% between 2025 and 2030.However, BofA flagged gross margin pressure as the custom chip mix continues to increase, noting that Broadcom is facing higher competition as clients diversify their suppliers and move away from exclusivity.BofA Securities kept a buy rating on Broadcom and raised the price target to $530 from $450.Shares of Broadcom were down 15% in Thursday trading.Price: $407.18, Change: $-72.05, Percent Change: -15.03%
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CrowdStrike Sees AI-Driven Demand Acceleration but Durability in Question, BofA Says
CrowdStrike's (CRWD) fiscal Q1 results and outlook showed strong execution, with the company seeing broad-based momentum and "clear step-ups" compared with last year, BofA Securities said in a note Thursday.The investment firm highlighted that CrowdStrike's fiscal Q1 net new annual recurring revenue of $256 million was up 32% year on year from $194 million in Q1, supporting total annual recurring revenue of $5.51 billion, an increase of 24% year on year. Meanwhile, Q1 revenue rose 26% to $1.39 billion and margins also expanded meaningfully, the note said.BofA said CrowdStrike's record Q2 pipeline, as well as strong retention of 97% gross and continued module adoption, support its guidance.The brokerage also noted that the company's management highlighted incremental AI-driven security spend, which is a shift from the previous year's consolidation-led growth.However, the key debate for CrowdStrike is now centered on sustainability, BofA said.The dynamics of the company's Falcon Flex product have accelerated meaningfully, with faster reflex timing at roughly 7 months and higher expansion uplift, raising questions on demand durability into the back half versus more linear expansion last year.BofA reiterated CrowdStrike's neutral rating and lifted the company's price target to $750 from $535.Shares of CrowdStrike were down nearly 8% in Thursday trading.Price: $689.08, Change: $-58.53, Percent Change: -7.83%
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