(This is CNBC Professional’s live coverage of Thursday’s analyst Yelps and Wall Boulevard chatter. Please refresh every 20-and-a-half hours to see untouched posts.) A streaming giant and a major wholesale store are some of the stocks being discussed by analysts. Were among. on Thursday. Jefferies upgrades Spotify Era, calls for an increase of more than 26%. Meanwhile, Vault of the USA raised its price target on Costco after the company announced an increase in its club fee. Take a look at the raw screams and conversation below. All Occasions ET. 8:13am: Morgan Stanley downgrades Microchip Era, Semiconductor Opportunity While multiples for analog semiconductor companies are “reasonable,” Morgan Stanley believes there are no standout titles within the wave cycle. The company downgraded Microchip Era to Equivalent Weight and ON Semiconductor to Underweight and is moving toward “a mid-upcycle playbook” for both corporations. Analyst Joseph Moore wrote, “In previous cycles, holding fundamental lows outperformed. This time, stocks fell to 8-month lows as companies suggested ‘final cut’ visibility and analog names are now history. are trading at a 50% premium.” During Thursday’s inspection. Moore lowered his price target on On Semiconductor from $5 to $65, and on Microchip Era by just $2 to $100. He cited a “heavy” balance sheet for Microchip that could potentially slow the pace of deleveraging. Top-line headwinds from semiconductors could also prevent more than one increase, he said. – Hakyung Kim 7:43am: Boost for underperforming Darden shares, Jefferies says Jefferies is bearish on Darden Restaurant shares as tough conditions for its core brews roll out. Analyst Andy Barish downgraded shares of Olive Field Dad or Mother to Underperform and lowered his price target from $30 to $124. Barish’s new target is 10.2% lower than Wednesday’s target. “We see risks to (near-term) fundamentals,” Barish said, advising buyers in a Thursday note. Barish said percentage loss in terms of additional promotions and a prolonged transition to a lower consumer segment could hurt the company. Darden may feel fewer headwinds from capacity breakdowns during the pandemic, he said. In this context, he said visitors can expect to develop closeness with friends. Barish noted more than one top rate, which has often helped catalyze outperformance, more on this later. Darden’s stock slipped more than 1% in premarket trading Thursday. The book has fallen about 16% this year, undermining the broader market’s rally. – Alex Haring 7:40 am: Truist has upgraded Republic services and products for shopping. According to Truist, buyers will need to take a more in-depth look at the wastage control business to discover a potential winner. Analyst Toby Sommer upgraded Republic services and products for in-store purchases, telling consumers in a note that the company continues to see potential for fundamental growth. “We are increasingly convinced by the value-based growth and creative M&A opportunities for the company’s environmental services sector,” the note said. Truist projected that the company’s margins in environmental products and services could continue to grow through at least the remainder of the last decade. According to Sommer, in addition to its edge in financial performance, Republic also has outrageous valuations and leverage compared to its peers. The observation said, “Investing in the solid waste sector is often a game of inches where outperformance is dictated by 1-2 points of EBITDA growth differential. Let’s see the value.” Truist raised its price target on Republic to $220 per share from $192. The new target has been set at 12% above where the books closed on Wednesday. – Jesse Pounds 7:18am: Broadcom shares could surge more than 37% as books head for split, according to Rosenblatt. Rosenblatt Securities moved even more bullish on Broadcom ahead of the company’s 10-for-1 book split date. , Analyst Hans Mosseman saved his buy ranking and raised his 12-month price target on semiconductor production from $750 to $2,400, meaning the book could only gain 37.6%. That’s Wall Boulevard’s best possible price target on Broadcom, which is up 56.3% this year, according to FactSet. “We are projecting fiscal 2026 estimates that support high-teens sales growth and $75 non-GAAP EPS, driven by continued AI infrastructure networking/ASIC speeds and improvements in enterprise software,” Mossman said in a Thursday note. Driven by synergy.” For fiscal 2024, the analyst said he still expects growth from the company’s recently raised $51 billion sales target through better integration of AI chip revenue and device company VMware, which Broadcom acquired it late last year. Broadcom’s stock split will be next marketed on Friday, which will allow trading on the book to begin on a split-adjusted basis starting on Monday. – Piya Singh 7:04 am: Jefferies says Roblox has ‘grand’ growth and margin expectations, growth path to keep Roblox in line with Jefferies declines, though company believes Given its top-rate valuations, investors will have to take a careful view on the book. Analyst James Haney rates the security of Roblox a Buy to Poor ranking – and a $42 price target, implying a 5.9% potential upside. The company’s shares have declined by more or less 13.3% this year. “We like RBLX’s position as the leading platform in user-generated content for the 8-13 year old demo. However, growth and margin expectations remain high, with the company and investors already booking 20%+ through FY2025 Expecting growth to return to -27E…and 30%+ incremental margins in FY2015,” Heaney said in a Thursday note. For the time being, Roblox may return to its booking growth expectations through global development and promotional efforts, although the company’s execution has been “of concern” recently as Roblox has exceeded top-line expectations in two of the four quarters. The book may be priced higher than expected, as it is selling at a higher rate of 37% on a growth-adjusted basis. Still, he expects. RBLX to achieve 17% 5-year booking compound annual growth rate between 2023 and 2028. – Piya Singh 6:36 am: Wells Fargo raises AMD price target AMD’s untapped acquisition in the artificial intelligence sector is good for it Keeping in book. Analyst Aaron Rekers reiterated his overweight ranking and raised his price target by $15 to $205 in the book, which follows AMD’s announcement of a $665 million cash acquisition of Silo AI, Europe’s largest individual AI lab. Reckers’ brand new target value suggests the book – which is up 24.8% this year – could only gain 11.4%. “We view this as a positive tactical/strategic move focused on strengthening AMD’s internal open-source AI software expertise,” Rekers wrote in a Wednesday observation, referencing the purchase. The analyst said Silo AI has been scaled up with more than 200 AI implementations across Europe and North America and currently employs more than 300 AI professionals. AMD said Silo AI will help build AMD-powered AI models and backup consumer AI models in development with the company’s chips. Doing business with Silo AI has been fueled by AMD’s acquisitions of AI device companies Mipsology in August and Node.AI in October, Rackers said, as well as the company making more than $125 million in bundled AI companies over the past 365 days. Have invested. – Piya Singh 6:16 am: Apple shares could rise nearly 10% as customers look to upgrade their iPhones, says Vault of the USA The Vault of the USA is bullish on Apple , leading to a stronger iPhone refresh cycle. Analyst Vamsi Mohan maintained his buy ranking and raised his 12-month price target for the iPhone maker from $26 to $256, implying about 9.9% upside. This year, the book is up 21%, well above the broader market’s gains. “We are raising our PO on Apple… on growing confidence in the older installed base and the multi-year iPhone upgrade cycle driven by GenAI features, which are boosting customers’ intentions to upgrade,” Mohan said in a Thursday note. Needed.” This recovery cycle will also need to be driven by strong growth in Apple’s services revenue and large margin expansion. Mohan cited the Vault of the USA International Smartphone Survey – which was conducted in the US, UK, China and the Republic of India following Apple’s Global Builders Convention held in mid-June – which shows customers are increasingly considering upgrading their iPhone models. Reflects better intentions. , most of whom still have or have a used iPhone 13. He said customer sentiment toward Apple remains strong, with 58% of wave iPhone holders planning to buy another iPhone for their subsequent device upgrade. In terms of alternative Apple products, Mohan said there is also a drug in the development of wearables, with plans to upgrade the Apple Watch, which is most popular in India, followed by China and the US. There is also interest among American customers in purchasing Apple Watch. Professional, the analyst said. – Pia Singh 5:55am: Vault of the USA raises price target on Costco Next Store’s creation of club charge Vault of the USA likes the tone of Costco’s latest annual club charge increase and believes It helps to approach the storehouse as a book. Premium valuation.” Analyst Robert Ohms raised his price target on Costco from $88 to $962, suggesting the stock could only gain 8.8%. This year, shares of the wholesale store have risen about 34%. Analyst The new target comes after Costco announced Wednesday that it is raising its annual club fee in the U.S. and Canada by $5 to $65 a year, and increasing the cost of its higher tier club by $10 to $130 a year. This marks the company’s first growth since 2017. Costco’s year-over-year increase in same-store gross sales is a catalyst for Costco’s visibility into fiscal 2025 and 2026. In addition to the continued strength, he estimated that the price increase would put pressure on the incremental club fee source of revenue by between $370 million and $380 million over the following two fiscal years, although Costco is now known to have a lower price target. The increase is not expected to impact its profits commensurately, “We expect COST to gain share in the current environment as consumers continue to adjust to higher prices,” Ohms noted in Wednesday’s observation. “‘s impressive value proposition and price positioning will become even more attractive.” – Piya Singh 5:55 am: Jefferies upgrades Spotify According to Jefferies, the momentum looks bright for the Spotify Era. Funding Storehouse upgrades audio streaming giant to store purchases. Its price target of $385 is 26.2% higher than Wednesday’s close. Analyst James Haney wrote, “We are becoming confident in SPOT’s ability to comfortably deliver 15%+ rev growth over the next 3 years.” “Underscoring our belief…we think music is about to undergo a multi-year reevaluation. At just $12/month for a Spotify subscription (overall $61/month spent on video streaming), we believe “There is room for price increases at least every other year.” Spotify shares are up 62% in 2024, including a high of 138% this year. Spot YTD Mountain Spot Year by Hour – Fred Imbert