JPMorgan's top two chip stock picks right now
JPMorgan on Monday shared with its clients the firm’s best semiconductor stock ideas. The bank’s chip sector analyst Harlan Sur looked through his entire coverage universe and said Broadcom and Lam Research were the two companies he had the highest conviction in for solid returns this year.
Here are the two Overweight-rated companies that made his “Top Picks” list and their price targets. Broadcom The firm has a $325 price target for Broadcom stock, representing 17% upside to the current stock price. Sur is optimistic about the company’s artificial intelligence chip pipeline. He predicts Broadcom’s chip content in this year’s iPhone will rise by more than 15%, and the company’s free cash flow will increase by more than 20% this year.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dropbox stock rises after earnings and revenue top expectations
Read more »
Etsy Inc.Etsy Inc. stock price, stock quotes and financial overviews from MarketWatch.
Read more »
Trump says Huawei charges on the table in China trade talksTrump suggested that criminal charges against Chinese telecom giant Huawei and one of its top executives could be used as a bargaining chip in his administration's ongoing trade negotiations with China
Read more »
Dropbox beats on Q4 earnings, but the stock falls anywayDropbox beat estimates in the top and bottom lines and had more new paid users than expected. The stock still moved lower.
Read more »
Egypt executes 9 in 2015 killing of top prosecutor, despite claims of unfair trialsHuman rights activists alleged that torture was used to extract confessions.
Read more »