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Four analysts, TD Cowen, Mizuho, Citi and UBS, raised their Microsoft (MSFT) price targets ahead of earnings, citing Azure trends, cloud demand and enterprise AI adoption. TD Cowen lifted its target to $625 from $540 and sees a “higher than normal” Azure beat, while UBS raised its target to $675 from $525 even after a 39% rally. Mizuho moved its target to $600 from $510 and Citi to $636 from $600, and all four maintained positive ratings. Separately, UMass Memorial Health announced a multi-year initiative with Microsoft and Accenture to move its data platform and electronic health record to Azure. Retail sentiment on Stocktwits stayed “bearish,” and MSFT shares are up over 10% year to date.
- JPMorgan gets bullish on Biogen ahead of 2027 catalysts
JPMorgan upgraded Biogen to Overweight from Neutral on Monday, citing a stronger run of clinical catalysts in 2027 and an improved long-term growth outlook, with a December 2027 price target of $300 per share. Analyst Chris Schott says the company is moving beyond its Alzheimer's drug Leqembi, and sees felzartamab in antibody-mediated rejection, a market worth more than $2 billion with Phase 3 data due in the first half of 2027, as the most significant opportunity. He also expects Eli Lilly's TRAILBLAZER-ALZ-3 trial to offer a positive read-through for Leqembi. Shares trade at about 14x 2027 EPS, and the stock could re-rate as the pipeline de-risks.
- NY Fed’s Williams sees one more rate hike this year, disinflation ahead
New York Fed President John Williams said he still expects one more interest-rate hike this year but sees no need for further increases in 2027. He cited underlying disinflationary forces that persist despite pressures from energy prices and AI investment. Williams expects inflation to slow quite a bit over the next year and said the economy is not overheating overall. He also defended the Fed's September quarter-point rate increase, but cautioned that the outlook remains uncertain and incoming data must keep being monitored.
- A closer look at Big Banks ahead of Q3 earnings, & one metric Meta investors should watch
Yahoo Finance Executive Editor Brian Sozzi highlights the start of earnings season with big banks such as JPMorgan and Goldman Sachs, and dismisses rumors that Starbucks CEO Brian Nicol would buy Chipotle. He notes the S&P 500 is celebrating its 4th bull market anniversary, having hit its final bear market closing low of 3,577 on October 12, 2022, and now sits 120% above that level. Citing VFA strategist Michael Hartnett, he says investors have poured cash into money market funds at the fastest pace since the COVID-19 pandemic, while top market leaders look stretched and Treasury yields have risen. Many big bank stocks are also in correction territory heading into earnings.
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- Roblox Is Now Down 38% in 2026: Is RBLX Stock Dead Money or Poised for a Comeback?
Roblox stock is down 38% year to date to $50.41, with a late-September court ruling letting a Los Angeles County child exploitation lawsuit proceed and a Jefferies downgrade to Underperform adding pressure. Jefferies argued the rally after the Q2 report priced in too much bookings growth, which rose only 8% to $1.6 billion in Q2 even as daily active users grew 10% to 123 million. Safety changes, including a mandatory age check, had already led Roblox to cut its full-year revenue growth forecast to 20% to 25% earlier this year. For Q3 2026, Roblox forecasts a year-over-year bookings decline of 14% to 18%. Take-Two (down 20%) and GameStop (up 31%) year to date suggest the pressure is specific to Roblox, and the article frames the key test as whether bookings stabilize while user growth continues.
- Super Micro (SMCI) Won Over $60 Billion in Orders, Is the Discount Deserved?
A contractor linked to Super Micro Computer (SMCI) pleaded guilty earlier this month to helping ship servers with advanced Nvidia chips to China, a case prosecutors say involved billions of dollars of U.S. AI technology, though the company says it was not named as a defendant and its operations are unaffected. Sales for the fiscal year ended June reached $39.1 billion, up from $22.0 billion, with CEO Charles Liang citing more than $60 billion in new orders, several hundred added enterprise customers, and a record backlog. Management guides to $65.0 billion to $72.0 billion in fiscal 2027 sales, and sales have grown about 61.5% a year over five years. Gross margin was 10.8% for the full year but rose to 17.5% in the June quarter, with net income of $1,178 million, while the trailing 12-month operating margin was 7.09%. The article notes the stock trades at a much lower multiple of expected earnings than the sector, and that one strong quarter does not yet prove a new margin level.
- Is Nvidia Stock Really Trading for Just 8 Times 2030 Earnings?
Nvidia is the market's most valuable company, with a market cap above $5 trillion. It trades at 27 times adjusted trailing earnings, but only about 8 times analysts' estimate for fiscal 2030 earnings, a figure the author stresses is a moving target. Revenue growth accelerated from 56% in Q2 FY 2026 to 106% in Q2 FY 2027, though guidance points to a slight slowdown in the current quarter. The stock trades at 13 times next year's earnings, and the board recently authorized a record $150 billion in share repurchases. The author also acknowledges risks such as slower growth or contracting net margins.
- California billionaire tax could backfire, Stanford study says
Stanford economists Benjamin Jaros and Joshua Rauh argue in an NBER working paper that California's proposed one-time 5% tax on billionaire wealth could raise far less than projected and ultimately reduce state revenue. Seven billionaires, including Peter Thiel, Larry Page and Sergey Brin, have publicly left the state, removing about $540 billion, or 30%, of California's billionaire wealth from potential taxation. The authors estimate the measure could generate only about $30 billion, versus the $100 billion projected by proponents, while losing $1 billion to $3.5 billion a year in income tax revenue could leave the state about $39 billion worse off in present-value terms if those losses persist. The measure, Proposition 40, goes to voters next month, and a Citrin-Politico poll found 46% of likely voters in favor and 43% opposed. Supporters, including Nobel laureates Daron Acemoglu and Joseph Stiglitz, argue the tax will fund health care and that California has attracted more venture funding since the proposal was announced.
- US Orders Civilian Agencies to Rip DeepSeek Out of Government Systems
The U.S. Department of Homeland Security on Monday ordered civilian federal agencies to remove DeepSeek products and third-party services built on the model from their IT systems, and to stop buying them. The notice warns that using DeepSeek may transfer sensitive data to China and could produce intelligence on U.S. persons and agencies. The Commerce Department, the Navy, and the states of New York, Tennessee and Virginia had already restricted DeepSeek. The FCC votes on October 29 on barring Chinese labs from testing electronics for U.S. use.
- NVIDIA Stock And 2 Other Undervalued Stocks To Own
Rising interest rates have pushed down bond prices, with 10-year U.S. Treasuries recording one of their steepest multi-year declines since the 18th century. The article highlights three U.S. stocks that a Simply Wall St cash flow screen considers attractively priced relative to their future cash flow potential: NVIDIA, Wells Fargo and J.B. Hunt Transport Services. NVIDIA generated about US$275.4b from Compute & Networking and US$27.6b from Graphics, with a market cap of US$5,170.6b, and the piece notes that an open-source or cheaper alternative to its CUDA platform could weaken its moat. Wells Fargo, with a market cap of US$251.7b, grew average loans 12% and average deposits 10% year over year in 2Q26 after the removal of its asset cap, while J.B. Hunt, with a market cap of US$21.3b and US$13.3b in revenue, recorded record intermodal volume of over 578,000 loads in Q2 2026.
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