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By: Aquib Nawab
Finance
Nvidia designs high-end graphics and video processing chips. It's the best-performing stock in the past year with a 200% gain. Angelo Zino expects 41% revenue growth in fiscal 2025, driven by demand for Nvidia's products. CFRA has a "buy" rating and a $700 price target for NVDA stock.
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Apple Inc. is known for its iPhone, iPad, Apple Watch, and Mac computers. Analyst Angelo Zino recommends AAPL due to its global customer base, growth opportunities, and financial strength. CFRA has a "buy" rating and a $210 price target for AAPL stock.
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AMD's stock has grown 5,098% in the past decade. Angelo Zino anticipates further growth due to the outlook for AMD's data center servers and EPYC processor. Margin expansion is projected in 2024. CFRA has a "buy" rating and a $150 price target for AMD stock.
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Cisco provides networking, cloud, and cybersecurity solutions. While the stock lags in recent performance, it offers a 3% dividend yield. Long-term catalysts include 5G, Wi-Fi 6, AI network build-outs, and bandwidth consumption. CFRA has a "buy" rating and a $55 price target for CSCO stock.
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Microsoft, the world's largest software company, offers Windows, Office, and Azure cloud services. Angelo Zino believes Microsoft's AI technology and growth prospects in cloud computing are reasons to invest. CFRA has a "strong buy" rating and a $420 price target for MSFT stock.
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Salesforce, the largest provider of cloud-based CRM software, continues to gain market share. The company's extensive portfolio of CRM offerings sets it apart. Salesforce's AI initiatives, including Einstein GPT, show promise. CFRA has a "strong buy" rating and a $300 price target for CRM stock.
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Adobe dominates key creative content markets. The integration of AI technology and generative machine learning models is expected to boost user adoption. CFRA has a "buy" rating and a $700 price target for ADBE stock.
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Intuit produces accounting, tax preparation, and personal finance software. Growth opportunities, improved engagement, and AI-powered offerings are on the horizon. CFRA has a "buy" rating and a $612 price target for INTU stock.
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Accenture, a global IT services firm, has a strong balance sheet and diverse customer base. The company's ability to attract top-tier talent and maintain strong vendor relationships creates value. CFRA has a "buy" rating and a $374 price target for ACN stock.
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Broadcom is set to benefit from the AI infrastructure boom. The company's acquisition of VMware is expected to create significant cost synergies. Broadcom's financial visibility has improved with software sales. CFRA has a "buy" rating and a $1,100 price target for AVGO stock.
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