Analysts are intrested in these 5 stocks: ( (U) ), ( (LRCX) ), ( (OKE) ), ( (MRVL) ) and ( (CRDO) ). Here is a breakdown of their recent ratings and the rationale behind them.
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Unity Software has been a hot topic among investors, with its stock experiencing a significant 91% year-to-date increase. Analyst Mohammed Khallouf from HSBC has downgraded Unity from a Buy to a Hold, citing that the current valuation is fair after such gains. The target price has been adjusted to $40.80, up from $37.50, reflecting an improved operating environment. Despite the downgrade, there is potential for continued outperformance with the rollout of new products like Vector and the mobile games industry’s potential regulatory changes. However, risks such as subscription price hikes and customer attrition remain.
Lam Research is another company catching the attention of analysts. Adithya Metuku from HSBC has initiated coverage with a Hold rating and a target price of $127. Lam is poised to benefit from the growing demand for wafer fab equipment and serviceable available market expansion. However, the recent sharp rally in its shares, driven by demand narratives around memory and AI, suggests that much of the upside may already be priced in. The company faces near-term growth slowdowns, but its strong structural growth prospects make it a compelling watch for investors.
Oneok, Inc. has been under the spotlight as Goldman Sachs resumes coverage with a Neutral rating and a target price of $75. The company has expanded significantly through mergers and acquisitions, adding scale and earnings stability. However, its multiple has eroded to a modest discount compared to peers. While macroeconomic headwinds and competition pose challenges, the potential for higher shareholder returns through free cash flow could be a catalyst for future growth. Investors are advised to watch for clarity on cash flow allocation.
Marvell Technology Group has seen a downgrade from Buy to Hold by analyst Joshua Buchalter, with a revised target price of $85. The company’s datacenter business has grown significantly, but visibility issues and increased competition in the custom XPU business have raised concerns. Despite being an AI beneficiary with strong intellectual property, the stock’s recent run has balanced the risk/reward profile. Investors should be cautious of the volatility and limited visibility in Marvell’s custom silicon business.
Credo Technology Group Holding Ltd is gaining traction with a Buy rating from analyst Joshua Buchalter, who has raised the target price to $170. The company is well-positioned in the datacenter connectivity space, with a strong sales estimate for 2027. The transfer of coverage to Sean O’Loughlin has not changed the positive outlook, and investors are encouraged to explore the deeper industry analysis provided in the accompanying report. Credo’s potential for growth makes it an attractive option for those looking to invest in the technology sector.