Stock analysis

Intuitive Surgical (ISRG): Haverhill Research Report

A $450 million settlement hid a strong quarter, and competition is finally arriving. Rated Buy, Haverhill price target $550.

GE Vernova (GEV): Haverhill Research Report

The order book has doubled in a year and the stock is 30% off its high. Rated Buy, Haverhill price target $940. Third-quarter results land Wednesday.

Costco (COST): Haverhill Research Report

Half of Costco's profit is a membership fee, and that engine is still running. The multiple is the argument. Rated Hold, Haverhill price target $1,120.

Palo Alto Networks (PANW): Haverhill Research Report

Palo Alto bought its way into identity security and the bill lands in fiscal 2027. Rated Hold, Haverhill price target $390.

Shopify (SHOP): Haverhill Research Report

Shopify is taking share of everything people buy online, and it is still spending to do it. Rated Hold, Haverhill price target $175.

Tesla is spending like a tech company now. Here's where the money is going.

Capital spending more than doubled and R&D rose 69% while car sales stayed flat. The cash pile still grew.

Robinhood: Prediction markets are now a bigger business than crypto

Event contracts brought in $156 million last quarter. Crypto revenue fell to $100 million.

Visa: The fastest growth is coming from beyond the card swipe

Revenue rose 14% last quarter. Other revenue rose 45% and client incentives grew faster than sales.

Amazon: AWS speeds up as free cash flow turns negative

Operating income rose 43% last quarter. Amazon has also told investors to expect a slower third quarter.

Alphabet: Cloud revenue up 82%, and a $70 billion capital raise

Google Cloud has become a real profit center. Paying for it changed how Alphabet funds itself.

Microsoft: Azure grew 43% while capital spending doubled

What the June quarter sets up before Microsoft reports on October 28

Bloom Energy had a record quarter. Here's why the cash didn't follow.

Unbilled work, receivables and inventory absorbed about $776 million in the third quarter. Customer deposits covered part of it.

Meta's ad business is speeding up. Its spending is speeding up more.

Revenue grew 26%, but $34.9 billion of capital spending topped the cash the business brought in for the quarter.

NuScale Power (SMR): Haverhill Research Report

NuScale holds the only NRC-approved SMR design and $1.89B of cash, but no binding order yet. Rated Hold, Haverhill price target $7.60.

Super Micro Computer (SMCI): Haverhill Research Report

Super Micro's AI sales are soaring, but thin margins, cash burn and control weaknesses cap the upside. Rated Hold, Haverhill price target $43.

Rigetti Computing (RGTI): Haverhill Research Report

A $4.8 billion quantum company with $5 million of quarterly revenue and years of cash. Rated Hold, Haverhill price target $12.

Cloudflare (NET): Haverhill Research Report

Cloudflare is growing faster as AI agents flood the web, but the shares already price that in. Rated Hold, Haverhill price target $345.

Strategy (MSTR): Haverhill Research Report

Bitcoin covers Strategy's debt and preferred 3.4 times, but the stock trades above what is left. Rated Hold, Haverhill price target $161.

DraftKings (DKNG): Haverhill Research Report

Predictions spending and thinner sports margins weigh on earnings, but the stock prices much of it in. Rated Hold, Haverhill price target $21.

CoreWeave (CRWV): Haverhill Research Report

CoreWeave's backlog passed $100 billion, but the debt paying for it is growing fast. Rated Hold, Haverhill price target $90.

Circle (CRCL): Haverhill Research Report

USDC keeps growing, but lower rates and Coinbase payouts take much of the gain. Rated Hold, Haverhill price target $74.

Arm Holdings (ARM): Haverhill Research Report

Royalties are rising and Arm now sells its own chip, but the price already assumes 2031. Rated Hold, Haverhill price target $242.

AppLovin (APP): Haverhill Research Report

Revenue up 53% with 84% margins, yet the stock trades near 15x 2027 earnings. Rated Buy, Haverhill price target $320.

Uber Technologies (UBER): Haverhill Research Report

Bookings up 22%, free cash flow above $10 billion, and robotaxis so far adding supply. Rated Buy, Haverhill price target $84.

Tesla (TSLA): Haverhill Research Report

Investors pay about $1.25 trillion for autonomy and robots on a business earning a 1.4% operating margin. Rated Sell, Haverhill price target $308.