Jeff Kilburg Backs 2 Tech Picks Even When They Trade Above Analyst Targets

BeInCrypto2026/10/06 04:24

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CNBC contributor Jeff Kilburg is buying Fortinet and Cloudflare for the fourth quarter, though both trade above analyst targets. By his count, only Arista, his third pick, sits roughly 20% below its target. The KKM Financial founder pitched the trio on CNBCs The Exchange as a way to profit from AI spending. He also conceded Cloudflare does not make money. Why Buy Stocks Trading Above Analyst Targets? Kilburg calls the trio a way to play AI spending without owning hyperscalers, the cloud giants buying the chips. By contrast, Arista, which sells data center networking gear, is up about 58% this year, he said. He points to operating margins near 50% and says hyperscalers will not skimp on networking. Fortinet, a cybersecurity vendor, is up 130% this year and trades at about 53 times projected earnings, he said. He already holds CrowdStrike and Palo Alto Networks, so Fortinet adds diversification rather than a new theme. Cloudflare, which routes and secures internet traffic, trades above a $350 target, Kilburg said. He put its forward price-to-earnings (P/E) ratio near 300. However, host Kelly Evans cited 246. Evans likened the multiple to Netflixs early years, when that stocks earnings also looked hard to defend. Can 29% Earnings Growth Outweigh a 5.3% Yield? Kilburgs offset is profit growth. FactSet projects SP 500 earnings up about 29% in the third quarter, a third straight reading above 25%. He sets that against an 8% average over the past decade. Meanwhile, the 10-year yield hit its highest level since 2002, and matches iCapitals raised yield forecast of 5.3%. Still, the basket also depends on AI budgets holding up. Schwabs Kevin Gordon has warned that one mega-cap capital spending miss could disrupt the AI-driven market. With borrowing costs at multi-decade highs, third-quarter reports may show whether profit growth can keep carrying premium multiples.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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October 6 – ** Shares of India’s Kotak Mahindra Bank KTKM.NS rose 3.3% to 429.80 rupees ** Kotak Mahindra Bank reported a 24.7% increase in net loans for Q2 FY2027 (link) ** Goldman Sachs reiterated its “Buy” rating with a target price of 540 rupees, citing the better-than-expected Q2 performance update ** Given strong deposit growth and organic loan expansion, the bank’s EPS compound annual growth rate (CAGR) estimate for FY2026-29 was raised to 19% ** It was noted that organic loan growth rose from 15% in the previous quarter to 19% year-on-year; this growth momentum is expected to continue, supported by retail loans, SME lending, and commercial banking ** An average of 37 analysts give the stock a “Buy” rating, with a median target price of 470 rupees – data compiled by LSEG ** Year-to-date, the stock is down 5.5% (To assist non-English speakers, Reuters automatically translates its reports into several other languages. Due to the possibility of errors or lack of required context in automated translations, Reuters does not guarantee their accuracy and provides them for convenience only. Reuters accepts no liability for any damage or loss resulting from the use of automated translation features.)

路透社•2026/10/06 04:46

Hyosung TNC stake held by National Pension Service rises to 10.60% from 10.17%

National Pension Service raised its stake in Hyosung TNC to 10.60% as of Sept. 30, 2026. Holding increased to 458,722 shares from 439,981 shares, a net gain of 18,741 shares. Change was driven by on-market purchases and sales, with the reportable event dated Sept. 1, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hyosung TNC Corporation published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261006000132), on October 06, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/06 04:42