Category: 3. Business

• Earlier this month, Microchip Technology reported quarterly earnings showing a year-on-year drop in both revenue and net income, alongside a cautious forward guidance attributed to inventory correction pressures and a softer demand environment.

• An important development for the company is the launch of the LAN866x series, which aims to ease network integration and reduce costs in automotive Ethernet applications by enabling software-less, efficient endpoint connectivity.

• We’ll explore how Microchip’s subdued guidance and continued inventory challenges may influence its outlook for earnings and margin recovery.

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To own shares of Microchip Technology today, you need confidence in its ability to recover from ongoing inventory corrections and margin pressure while capitalizing on secular trends like increased vehicle electrification and edge AI. While the new LAN866x series targets growth in automotive Ethernet, the bigger picture remains driven by managing excess inventory and restoring earnings momentum. The impact of this launch on short-term catalysts, such as margin recovery, is not material, as inventory normalization is still the central near-term challenge for the business.

Among recent announcements, the Ceva partnership to bring advanced Neural Processing Units into Microchip products stands out for its relevance to future growth catalysts. By embedding scalable AI directly in its compute, communication, and security solutions, Microchip aims to expand its reach in next-generation edge and data center markets, key drivers highlighted in the recovery narrative, beyond automotive network innovation.

However, investors should also consider that, unlike the upside from new product cycles, ongoing inventory write-offs and factory underutilization charges remain critical headwinds that…

Read the full narrative on Microchip Technology (it’s free!)

Microchip Technology’s outlook anticipates $6.6 billion in revenue and $1.4 billion in earnings by 2028. Achieving these targets implies an annual revenue growth rate of 15.9% and a $1.58 billion increase in earnings from the current level of -$178.4 million.

Uncover how Microchip Technology’s forecasts yield a $74.68 fair value, a 40% upside to its current price.

Six individual fair value estimates from the Simply Wall St Community range between US$22.39 and US$90 per share. Opinions vary, especially given persistent inventory challenges and their broader effects on profitability, so take the time to compare multiple views for a fuller picture.

Explore 6 other fair value estimates on Microchip Technology – why the stock might be worth less than half the current price!

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include MCHP.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Seagate Technology Holdings (STX) has caught investor attention as its stock makes notable moves this month. With the tech sector in flux, Seagate’s recent price performance offers a starting point for those eyeing value and growth potential.

See our latest analysis for Seagate Technology Holdings.

Seagate’s share price is up a jaw-dropping 198.89% year-to-date, with trend-defining gains over the past quarter and a 173.25% total shareholder return in the past year. This kind of momentum signals growing optimism from investors that the company’s turnaround is the real deal, especially as short-term swings work themselves out against the backdrop of dramatic long-term outperformance.

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But given such rapid gains, is Seagate truly undervalued based on its fundamentals, or have expectations already pushed the price to reflect every bit of its future growth? Is there still a buying opportunity, or has the market already priced in what comes next?

Seagate’s most widely followed narrative suggests its fair value stands well above the last close price. This sets up a debate about whether strong profitability and innovation can power further upside.

Seagate is ramping up its HAMR-based Mozaic drives, which represent a technological breakthrough. The transition to these drives is expected to lead to sustained and profitable growth, impacting both revenue and net margins positively.

Read the complete narrative.

Want to know what’s fueling this bullish price target? The narrative builds its case on industry-defining innovation, with underlying projections that might challenge even the most optimistic expectations. See the full forecast breakdown and get the details that are moving the numbers.

Result: Fair Value of $277.25 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, unexpected shifts in trade policy or renewed industry competition could quickly challenge Seagate’s upbeat outlook and current valuation narrative.

Find out about the key risks to this Seagate Technology Holdings narrative.

If you have a different take or want to dive into the numbers yourself, it’s never been easier to put together your own story. Discover insights in just a few minutes and Do it your way.

A great starting point for your Seagate Technology Holdings research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include STX.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Adidas is kicking off Black Friday with an early sale that includes must-see deals on a wide range of Adidas Sambas and more Adidas shoe styles.

The Adidas early Black Friday sale gives adiClub members first access to discounts of up to 60% off. You do need to join the adiClub to unlock these deals, but it’s free to join and you will get access to reduced prices on Sambas, Adidas Gazelles, Adidas Handball Spezials, and much more before everyone else.

There’s more than just footwear on sale. You can shop discounts on top styles, including matching sets, hoodies and sweatshirts, jackets and coats, fitness dresses, and more.

You’ll want to hurry if you want access to this early sale. It ends November 19. Snag your new pair of Adidas Sambas for $70 below!

• Sanara MedTech announced the discontinuation of its Tissue Health Plus (THP) division and reported third-quarter earnings, with sales reaching US$26.33 million and a net loss of US$30.41 million for the period ended September 30, 2025.

• This move marks a business realignment to concentrate on the core surgical segment, with management expecting THP wind-down costs to conclude by the end of 2025 and further resource shifts to support main operations.

• We’ll explore how the decision to exit THP and focus on core surgical products influences Sanara MedTech’s investment outlook.

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To be a Sanara MedTech shareholder, you need to believe in the potential of its core surgical segment to drive future growth and profitability, especially as the company pivots away from digital health. The decision to discontinue the THP division directly addresses one of the short-term risks, persistent net losses and resource drag, while sharpening focus on the surgical business, which remains the primary catalyst for near-term improvement. The move does not materially change competitive or market risks, but it may impact resource allocation and operational priorities in the coming quarters. Among recent announcements, the company’s accelerated growth in its distributor and healthcare facility network is particularly relevant. This expanded reach could support higher sales volumes for Sanara’s proprietary surgical products and help offset both the transitional costs of winding down THP and the ongoing pressure from limited portfolio diversification. But on the flip side, investors should be aware that Sanara’s continued heavy focus on a narrow range of surgical wound care products means that…

Read the full narrative on Sanara MedTech (it’s free!)

Sanara MedTech’s outlook anticipates $144.9 million in revenue and $1.9 million in earnings by 2028. This scenario is based on a 14.2% annual revenue growth rate and an $11.8 million increase in earnings from the current -$9.9 million.

Uncover how Sanara MedTech’s forecasts yield a $41.00 fair value, a 90% upside to its current price.

Three distinct fair value estimates from the Simply Wall St Community fall between US$18.41 and US$41. With investors split on valuation, pay close attention to ongoing net losses and how business realignment could affect future earnings.

Explore 3 other fair value estimates on Sanara MedTech – why the stock might be worth 15% less than the current price!

Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.

• A great starting point for your Sanara MedTech research is our analysis highlighting 1 key reward that could impact your investment decision.

• Our free Sanara MedTech research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate Sanara MedTech’s overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SMTI.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

• Earlier this week, Fluence Energy reported it expects fiscal year 2025 revenues to meet only the lower end of its prior guidance, citing slower-than-expected production ramp-up at new US manufacturing facilities and resulting delays set to affect fiscal year 2026.

• An important development is the company’s projection that these US sites will reach full capacity by year-end, which may enhance future delivery capabilities and strengthen Fluence’s domestic content position for its energy storage products.

• We’ll examine how the manufacturing delays and revised guidance may reshape Fluence Energy’s investment narrative and future growth outlook.

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To be a shareholder in Fluence Energy, you need confidence in the decades-long shift toward grid-scale battery storage and the company’s ability to scale domestic production to capitalize on rising electrification and clean energy demand. This week’s lowered revenue guidance linked to US facility production delays directly impacts the timeline of the company’s most important short-term catalyst, achieving reliable, resilient US-based supply, and magnifies the biggest current risk: further disruption from supply chain or policy uncertainty. While management reaffirms capacity ramp by year-end, the delay is meaningful for near-term delivery expectations.

The September 2025 announcement of Fluence’s first shipment of lithium-ion battery systems using U.S.-made components directly ties into the company’s pivot to domestic content, which remains central to its eligibility for incentives and its cost competitiveness. This milestone, once full plant utilization is realized, is critical for unlocking deferred contract revenue and reducing risk exposure to ongoing tariff volatility. However, for investors, an essential consideration remains…

Read the full narrative on Fluence Energy (it’s free!)

Fluence Energy’s narrative projects $4.2 billion in revenue and $97.9 million in earnings by 2028. This requires 19.5% yearly revenue growth and a $116.3 million increase in earnings from the current level of $-18.4 million.

Uncover how Fluence Energy’s forecasts yield a $10.53 fair value, a 41% downside to its current price.

Seven individual fair value estimates from the Simply Wall St Community for Fluence Energy span from US$10.53 to US$25.75 per share, showing wide disagreement in expectations. With production delays now affecting near-term revenue and profit timing, your view on supply chain execution could make all the difference, see how others approach the stock and weigh up the various arguments for yourself.

Explore 7 other fair value estimates on Fluence Energy – why the stock might be worth 41% less than the current price!

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Our daily scans reveal stocks with breakout potential. Don’t miss this chance:

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include FLNC.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Gartner (NYSE:IT) has sparked conversation across enterprise circles after releasing new forecasts about artificial intelligence’s sweeping impact on the workforce. The company’s latest research is drawing interest for its clear look at how AI could reshape job roles, IT work, and digital infrastructure strategies.

See our latest analysis for Gartner.

This wave of AI research comes on the heels of a busy period for Gartner, with the company recently announcing an $800 million senior notes offering and updating its full-year revenue outlook upward. In the past year, however, Gartner’s share price return has slumped by 52.2%, and the total shareholder return sits even lower at -55.8%. This underscores fading momentum despite strategic moves and robust thought leadership. Long-term holders have still enjoyed a positive 51.4% total return over five years, but recent performance highlights the increased uncertainty and risk perception reflected in the company’s valuation.

If Gartner’s shifting trajectory has you rethinking your next move, this could be the perfect moment to broaden your search and discover fast growing stocks with high insider ownership

With a year of falling returns but a solid history and signs of healthy growth, the question now is whether Gartner’s recent setbacks are masking an undervalued opportunity or if the market has already taken its future prospects into account.

Compared to Gartner’s last close price of $231.03, the most popular narrative’s fair value estimate of $285.45 reflects a significant gap. This discrepancy highlights what analysts believe are the drivers behind Gartner’s true worth.

*The rapid increase in enterprise adoption of AI, digital transformation, cybersecurity, and complex IT strategies is driving rising client demand for Gartner’s proprietary insights across multiple functions and industries. This supports potential long-term revenue acceleration as enterprises seek trusted guidance for mission-critical initiatives.*

Read the complete narrative.

Want to know what’s powering this bold upside? The market’s current view does not account for a future shaped by transformative digital investments and a strategic change in Gartner’s client relationships. The real engine behind the narrative valuation relies on shifting earnings, margins, and sharp revenue expectations. Which forecasted trend tips the scale? Crack open the full story to see the hidden math that justifies this fair value call.

Result: Fair Value of $285.45 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, ongoing cost-cutting by clients and the rapid rise of open-source AI tools could put pressure on Gartner’s recurring revenues and present challenges to the long-term upside case.

Find out about the key risks to this Gartner narrative.

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A great starting point for your Gartner research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include IT.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Story Continues

Growth prospects and risk profile play a major role in determining what a “normal” or fair PE ratio should be. Higher growth and lower risk typically justify a higher PE, while slower growth or higher risk might lead to a lower benchmark.

Prada currently trades at a PE ratio of 15.8x. For context, the average PE for other companies in the luxury industry is 10.1x, while Prada’s peer set trades at an average of 18.0x. This puts Prada’s valuation between these two key reference points.

Simply Wall St also produces a “Fair Ratio” for the company. It is an estimate of what Prada’s PE ratio should be when factoring in its earnings growth, profit margins, industry conditions, market cap, and company-specific risks. For Prada, the Fair Ratio is 11.9x. This proprietary measure is more comprehensive than a simple comparison to peers or the industry average because it considers the full picture of the company’s financial outlook, not just broad sector trends.

As Prada’s current PE of 15.8x is noticeably above its Fair Ratio of 11.9x, the stock appears somewhat overvalued based on this metric alone.

Result: OVERVALUED

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Earlier, we mentioned there is an even better way to think about value. Let’s introduce you to Narratives. A Narrative is a clear story you create about a company, blending your assumptions about its future—such as revenue, profit margins, and fair value estimates—with the events and changes you believe will shape those outcomes. Narratives connect what you know about a business to a financial forecast, making sense of how the company’s journey could translate into a fair price.

On Simply Wall St’s Community page, millions of investors are using Narratives as an easy, dynamic tool to clarify their investment decisions. Narratives empower you to decide when to buy or sell based on the gap between your estimated Fair Value and today’s market price. The best part? These stories automatically update as fresh news or earnings data are released, keeping your decisions relevant.

For Prada, one investor’s Narrative might emphasize brand innovation and digital expansion, leading to a bullish fair value target near HK$88.74. Another might focus on sector headwinds and competitive risks, arriving at a more cautious target around HK$45.03. With Narratives, your investment approach is no longer just about numbers but about your unique perspective, clearly tied to financial outcomes and always up to date.

Do you think there’s more to the story for Prada? Head over to our Community to see what others are saying!

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include 1913.HK.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Bitcoin holders are still the true “diamond hands” investors compared to Ethereum buyers, according to a new report, with the latter coins being moved and spent far more than the original so-called digital gold.

Blockchain data firm Glassnode said in a new report—citing data collected before this week’s crypto crash—that BTC moves less frequently than ETH, behaving more like a “digital savings asset.” 

ETH moves far more as it functions as “digital oil,” which is both stockpiled and actively used as network fuel and collateral. 

“Bitcoin behaves like the digital savings asset it was designed to be, in that coins are largely hoarded, turnover is low, and recent behavior shows that more supply is migrating into long-term hold wrappers rather than sitting on exchanges,” the report said. 

“Ethereum’s behavior also reflects the inherent properties of a high transaction smart contract platform,” it added, “with a large anchored base from native staking, with the addition of recent market forces adding an investor component through ETFs.”

The report goes on to note why: Ethereum’s use in smart contracts, which hold the code that powers a wide array of decentralized applications, DeFi platforms, and tokenized assets.

As Glassnode notes, “ETH’s long-term holders are mobilizing their old coins at a rate that’s 3x faster than BTC’s long-term holders, signaling ETH’s long-term holders are more willing to part with their coins, pointing to utility-driven behavior.”

Ethereum powers crypto applications, ranging from stablecoins to decentralized finance exchanges. To make transactions sending digital dollars or to swap tokens on a decentralized crypto exchange, users need to pay gas fees in ETH. 

It is because of the Ethereum network’s use cases that, despite the approval of exchange-traded funds now trading on traditional stock exchanges, ETH still works less like a store-of-value asset compared to BTC—and that the coins are less dormant. 

Bitcoin, Ethereum ETFs Shed Over $1 Billion in Assets as XRP Fund Soars

Still, ETH still can have store-of-value use cases, Glassnode noted, explaining that “one out of every four ETH is locked in native staking and ETFs.” 

Ethereum’s price recently stood at nearly $3,208, down 4.5% over the past week. The coin was slow in reaching an all-time high but finally did so in August, breaking a nearly four-year-old record. It has traded well below that level—$4,946—in recent weeks. 

Bitcoin was recently trading at $95,992, falling by nearly 6% over the past seven days. The coin’s all-time high stands at $126,088, touched in October.

Story Continues

(Bloomberg) — BNP Paribas SA asked a judge to throw out a $20.75 million verdict against the bank in favor of three former Sudanese refugees who claimed the bank was responsible for funding the regime responsible for widespread human rights abuses.

BNP argued that Swiss law, which was the legal basis of the suit against the bank, doesn’t permit the claims and that they failed to prove their case in a five-week trial in Manhattan federal court that ended last month. The bank said the amount of damages awarded in the case was excessive.

“These awards far exceed — by more than an order of magnitude — any amounts that have ever been awarded by Swiss courts for similar injuries,” BNP said in a court filing late Friday.

BNP asked US District Judge Alvin Hellerstein, who presided over the trial, to reject the verdict and rule for the defense on the claims, or to at least order a new trial. The request is a long shot, as the judge had rejected many of the arguments before trial. BNP has said it will appeal.

“Plaintiffs believe that BNP’s motions lack merit and are confident they will prevail, as they repeatedly have over the past decade,” David Hecht, a lawyer for thousands of US residents who say they were brutalized by Sudan’s dictatorship between 1997 and 2011, said in an email Saturday.

Sudanese refugees sued in 2016, alleging that BNP helped the regime bank oil revenues, in violation of US sanctions, helping the country’s ruling regime maintain power and fund a campaign of repression. BNP has said it provided normal, essential financial services in Sudan and that the victims can’t connect those services to the injuries they suffered.

BNP Paribas’ shares plunged as much as 10.6% in the wake of the trial, which was the first test of the plaintiffs’ claims before a jury, amid concerns over the potential for billions of dollars in potential liability.

The case is Kashef v. BNP Paribas, 16-cv-03228, US District Court, Southern District of New York (Manhattan).

More stories like this are available on bloomberg.com