Neo Equity Research

1. Earnings Call Highlights Strong Q2 Results: PayPal reported Q2 2025 revenue of $8.3 billion (up ~5% YoY), beating estimates of ~$8.08 billion. Non-GAAP EPS was $1.40, topping the $1.30 forecast. This marked a “triple beat” on revenue, EPS, and guidance. Total Payment Volume (TPV) reached $444 billion (+6% YoY at spot rates), although branded checkout volume was

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Valuation Review & Price Action AMD’s stock has climbed to ~$155 per share, surpassing our previous fair value target of $120. This rally puts AMD’s valuation at the high end of its historical range. The stock trades around 37× forward earnings and ~9× trailing 12-month sales, with a free cash flow yield barely ~1% on

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1. Valuation Review & Price Action Microsoft’s stock has enjoyed a powerful run, recently breaching the prior fair value target of $505 and touching all-time highs around $514. The share price is up roughly 20% year-to-date 2025 (and ~50% higher than 18 months ago), significantly outperforming the broader market. This surge has expanded Microsoft’s valuation

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Valuation Review & Price Action Taiwan Semiconductor (TSM) has recently rallied to roughly $234 per ADR, surpassing our prior fair-value target of $191.98 by over 20%. This strong price action reflects optimism around its latest earnings and AI-driven demand surge. At current levels, TSMC’s valuation multiples are elevated relative to its own history but still

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Target Price: $180 Ranking: Buy Executive Summary NVIDIA (NASDAQ: NVDA) delivered another blockbuster quarter in Q1(Feb–Apr 2025), with revenue surging 69% year-on-year to $44.1 billion. In light of the earnings beat, new product rollouts, and updated guidance, we are revising our valuation to $180 and reaffirming our bullish investment thesis. NVIDIA’s fundamental position at the center

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Company Overview Apple Inc. is a leading American multinational technology company that designs, manufactures, and markets a broad range of consumer electronics, software, and services. Its flagship hardware products include the iPhone (smartphones), Mac (personal computers), iPad (tablets), and Wearables/Home/Accessories (Apple Watch smartwatches, AirPods wireless earbuds, HomePod speakers, etc.). Apple also develops the software ecosystems

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Broadcom (AVGO) – Follow-Up (March to Mid-May 2025)Rating: HoldTarget Price: $230 Summary:Broadcom Inc. (AVGO) has reached the $220 stock price target set in our March 2025 report, propelled by a confluence of macroeconomic tailwinds, semiconductor sector momentum, and company-specific catalysts. Key drivers behind this rapid ascent include a supportive Fed policy environment, surging demand for

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Commercial Acceleration Continues: PLTR Delivers Blowout Q1 and Raises FY25 GuidanceRating: SellTarget Price: $90Summary:Given Palantir’s recent release of updated financial data and the fact that its stock price has significantly exceeded our previous valuation estimates, we deem it necessary to conduct follow-up research on the company. Palantir delivered another strong quarter operationally, with Q1 revenue

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Recent Developments (Feb 2025 – May 2025) Macroeconomic & Geopolitical Context: The early 2025 environment for SaaS and work management software has been marked by mixed signals. Global IT spending on software remains robust – Gartner forecasts SaaS spend to grow about 20% in 2025 to nearly $300 billion, driven in part by surging interest

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This report analyzes Palantir (PLTR), highlighting its government-led revenue, growing consumer segment, and strong financials. Government deals offer stability but carry political risk, while consumer growth aids diversification. Despite solid cash flow, TAM uncertainty clouds long-term projections. A DCF model with mean CAGR yields a $90 price target. The stock is rated “hold” due to

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