These reports, excerpted and edited by Barron's, were issued recently by investment and research firms. The reports are a sampling of analysts' thinking; they should not be considered the views or recommendations of Barron's. Some of the reports' issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
Nvidia -- NVDA-Nasdaq Strong Buy -- $214.86 on May 27 by Tigress Research Nvidia continues to be the core infrastructure engine of the artificial-intelligence factory era, using unmatched full-stack technology leadership and surging AI capital expenditure to drive powerful, durable revenue, cash-flow, and shareholder value growth.
Nvidia's record fiscal first-quarter 2027 results showcase explosive AI factory demand, deepening full-stack platform leadership, and rising capital returns, reinforcing its role as the core beneficiary of the global AI buildout....
Nvidia's capital allocation strategy, powered by its AI-driven cash flywheel, prioritizes funding its high-return growth initiatives, expanding its AI ecosystem, and returning significant excess cash to shareholders. Target price: $425.
Walmart -- WMT-Nasdaq Buy -- $118.57 on May 26 by TD Cowen We like Walmart's global scale, extensive international growth opportunity, increasing focus on e-commerce and smaller Neighborhood Markets, and the company's status as a large-cap defensive stock. We believe that improving U.S. comps and the health of the U.S. consumer are key positives for the stock and that top-line momentum is set to continue in fiscal-year 2026, driven by price investments and an improved store experience. Target price: $150.
Scorpio Tankers -- STNG-NYSE Outperform -- $80.21 on May 27 by Evercore ISI Scorpio Tankers continues to modernize its fleet and fortify its balance sheet through another round of vessel sales, long dated newbuild orders, and aggressive early debt paydown. Specifically, Scorpio has sold four more 11- to 12-year-old long-range [LR2] product tankers for $285.8 million, bringing vessel disposals this year to a total of 19 ships. Scorpio is once again using proceeds from the peak-of-cycle sales to accelerate the paydown of debt on its already industry-leading balance sheet, with second-quarter 2026 prepayments now set to total $378.5 million, including nearly all the repayments scheduled before 2029.
Finally, Scorpio has ordered two newbuild medium-range product tankers for 2030 delivery, with only 10% down before 2028. With a total cash balance expected to breach the $2 billion mark in the third quarter, even after all the debt paydown, measuring four times total debt and with limited capital commitments, Scorpio has created a capital structure that can withstand the greatest of black swan events. Yet, the stock continues to trade at a meaningful discount to net asset value, which we measure at roughly 30% on a pro forma year-end 2026 estimate. Target price/base case: $98.
DraftKings -- DKNG-Nasdaq Buy -- $25.12 on May 26 by Benchmark Research Week seven of 2Q 2026 reflected a sharp reversal in handle trends across the New York market, with broad-based volume pressure offset by continued hold expansion supporting positive gross-gaming-revenue growth for most operators. DraftKings and FanDuel both saw meaningful handle declines but maintained stable revenue performance through elevated hold, while Fanatics remained the clear growth outlier across both handle and GGR.
Quarter-to-date trends remain constructive, with strong monetization continuing to offset softer betting activity, though the quarter's earlier signs of handle stabilization moderated materially in week seven. Target price: $29.
Semtech -- SMTC-Nasdaq Buy $164.46 on May 27 by Needham Semtech reported impressive fiscal first-quarter 2027 results that were above expectations, while fiscal second-quarter 2027 revenue guidance was also above Street estimates. The higher-than-expected revenue guide is driven by the ramp of data center and low-range platforms.
Our key takeaways include: 1) Year-over-year data center growth is expected to accelerate throughout fiscal 2027, driven by copper, optical, and HieFo products; 2) optical portfolio strength is driven by 800G [800 gigabits a second] and 1.6T FRO [1.6 terabites a second] and LPO [linear drive pluggable optics] wins across hyperscalers in U.S. and China; 3) near-term demand for HieFo gain chips is outpacing supply, and the company is targeting three to four times capacity increases this year and next; and, 4) management highlighted that it's in the final stages of the divestiture of its cellular module unit. Target price: $200.
BILL Holdings -- BILL-NYSE Outperform -- $34.90 on May 26 by Oppenheimer BILL Holdings announced a broad refresh of the management team and organizational structure as it transitions into an AI-native company. We expect the changes to strengthen operational focus, accelerate innovation, and deepen customer value, but acknowledge heightened near-term execution risk. The new unified Product Organization (software, payments, services) should deliver a more integrated customer experience. The return of BILL's first chief technology officer and founding engineer Eric Chan as CTO is likely a positive for earlier long-term shareholders.
We advise investors to demonstrate patience with the wholesale leadership changes and recent about 30% reduction in force....Major executive changes suggest broader strategic changes are potentially coming, which could translate to further delays in investor day timing.
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(END) Dow Jones Newswires
May 29, 2026 18:25 ET (22:25 GMT)
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