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0.000776397515528032 -0.000443655723158741 0.00164762644188126 0.000610026619343465 0.000831854480922835 -0.00174800354924565 -0.00421472937000882 -0.00421472937000882
Stock impact report

Morgan Stanley drops eye-popping Broadcom price target after event [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
The results themselves were mostly solid. The tech giant posted nearly $18 billion in Q4 sales, a clear beat, along with a bullish $19.1 billion Q1 outlook. On top of that, its $1.95 EPS surged past market estimates by a sizeable eight cents. However, it didn't matter. Its management warned that rising AI-chip demand would compress gross margins by 100 basis points , according to Reuters , with custom accelerators offering lower profitability. Nevertheless, Morgan Stanley remains unfazed. A 5-star analyst at the firm in Joseph Moore just reaffirmed his overweight rating, while bumping Broadcom's price target from $443 to $462 (a 28% increase from its current price). Moore calls the long-term setup “very strong,” arguing that the recent rout is an overreaction to near-term noise, far from being a crack in Broadcom's fundamentals Broadcom dished out another impressive earnings report, capping off an excellent year. Revenues and earnings beat estimates by substantial margi Show less Read more
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