Shahid Jamil/iStock Editorial via Getty Images Apple (NASDAQ:AAPL) shares ticked up fractionally in premarket trading on Wednesday as investment firm Needham raised its price target, noting that the company is spending its capital on share buybacks instead of generative artificial intelligence infrastructure. Needham analyst Laura Martin raised her price targetContinue Reading
Galeanu Mihai/iStock via Getty Images Large language models, or LLMs, already influence around 20% of Meta Platforms'(NASDAQ:META) content generation and monetization efforts, Needham noted citing some former employees of the social media company. Generative AI, or GenAI, today is already driving transformative advertising capabilities at Meta including the Advantage+ product,Continue Reading
Boy Wirat Digital watermarking company Digimarc (NASDAQ:DMRC) rose after investment firm Needham upgraded the stock, citing expected strong recurring revenue growth. The stock was trading ~9.49% higher Monday noon at $28.73. Needham analyst Joshua Reilly took over the company’s coverage, and raised his recommendation on the stock to Buy fromContinue Reading
duoogle Needham initiated coverage of ICU Medical (NASDAQ:ICUI) with a hold rating, citing limited revenue growth. “While we think ICUI’s currently depressed earnings will recover over the next few years, we expect its low-single-digit normalized revenue growth to limit its earnings growth to the mid- to high-single digits,” Needham saidContinue Reading
