Analysts Recommend Buying Taiwan Semiconductor and Upgrading CrowdStrike
- Analysts have recommended buying shares of Taiwan Semiconductor, a leading chipmaker.
- CrowdStrike, a cybersecurity firm, is suggested for an upgrade despite facing challenges.
- The recommendations highlight positive trends in the semiconductor industry while noting struggles in cybersecurity.
In a recent analysis, Brian Nowak has maintained an overweight rating on Amazon but has removed it from his list of top picks, lowering the price target to $210. This adjustment indicates a potential upside of 30.4% from the stock's latest close. Nowak cited a shift towards lower-margin items and a decrease in average selling price, alongside a slower-than-expected growth in advertising, as factors negatively impacting Amazon's profitability. Despite a 6% increase in shares this year, the stock has seen a significant decline of 19.5% over the past month. Meanwhile, Citi has upgraded Lumen Technologies, highlighting the telecommunications firm's recent customer deals that could bolster its AI growth narrative. The stock experienced a remarkable surge of over 42% in premarket trading ahead of its earnings announcement, reflecting investor optimism about its future prospects. In another development, Stifel has initiated coverage of GE Healthcare with a buy rating and a price target of $100, suggesting a potential upside of 22.7%. Analyst Rick Wise believes the company is well-positioned for accelerated growth, making it an attractive investment opportunity. Lastly, Piper Sandler has upgraded CrowdStrike, advising investors to buy the dip following recent challenges in the tech sector. Analyst Rob Owens raised the stock's rating to overweight, despite lowering the price target to $290, which still implies a 30.6% upside. Owens encourages investors to capitalize on the current market conditions, viewing the stock as a compelling risk/reward opportunity.