∞ALPHA

Arista Upgrade: Catching the AI Inference Wave May 15, 2026 Raymond James moves ANET to Outperform with a $164 target. Growth Driver: Sales growth is expected to accelerate through 2027 as Arista gains share in AI backends and enterprise campuses. The "Inference" Edge: Emerging AI reasoning workloads create "bursty" traffic that favors Arista’s specific network intelligence. Scale-Across: Arista is successfully expanding into applications that connect massive, distributed AI

TD Cowen upgrades Starbucks to Buy, lifting the price target to $120 (13% upside). Firm sees “tangible drivers” for better sales: labor investment, margin recovery, lower COGS. Forecasts 4% same‑store sales growth in FY2028, above Street’s 3.4%. Starbucks is in the early stages of a North America turnaround after a two‑year slump. The “Back to Starbucks” plan—marketing, menu, loyalty overhaul—is showing traction. Shares are up 26% YTD, pacing for the first annual gain since 2

May 14, 2026 TD Cowen raised EOS TP to $8 Price Target Adjustment: Raised to $8 from $7 Rating: Maintained at Hold. Operational Success: The company reported record manufacturing output. In Q1 2026, revenue surged to $57 million, a fivefold increase year-over-year. The "Softer Backlog" Catch: Despite the record production, TD Cowen noted a "softer backlog." While the total backlog remains substantial at approximately $645 million, the rate of new orders or the conversion tim

May 13, 2026 Benchmark raised TP to $42 from $38 Benchmark's Fawne Jiang is essentially signaling that the "investment phase" friction is finally giving way to operating leverage. By calling this a "clear earnings inflection point," the firm is betting that the worst of the margin dilution from JD's aggressive food delivery and international pushes is now in the rearview mirror. The upgrade to $42 places Benchmark on the higher end of the current Wall Street consensus, follo

Plug Power delivered a stronger-than-expected Q1 2026 report, signaling that its operational turnaround is gaining traction. Driven by higher sales and narrowing losses, the stock reacted with double-digit gains. The Numbers at a Glance Revenue: $163.5M (vs. $140M expected) – a 22% YoY increase. Operating Loss: Improved to $110M from $180M a year ago. Gross Margin: Jumped to (13%), a massive recovery from (55%) in Q1 2025. Path to EBITDA: Management reaffirmed a goal for posi

The era of "asset-light" tech is shifting toward massive physical infrastructure. According to the Financial Times, the AI arms race has triggered a historic spending spree that is shredding the free cash flow (FCF) of the world’s largest companies. The Numbers The Spend: Amazon, Alphabet, Microsoft, and Meta have poured a record $725 billion into AI. The Drop: Combined FCF for these "hyperscalers" is projected to plummet to $4 billion this quarter—a massive dive from the pos

Software is rebounding: IGV ETF up 14% in a month, ending a long slump. AI fears easing: Investors worried AI would kill SaaS, but momentum is improving. JPMorgan sees breakouts: Software now less correlated than semis; several names breaking out of multi‑week bases. Leaders: Oracle +35.5% past month Microsoft +12% past month Palo Alto Networks +10% this month CrowdStrike +13% this month Sector context: Still down 14% YTD, but technicals suggest a potential trend reversal. JP