Wells Fargo names five stocks with more upside following their latest earnings
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Business Insider
3 hours ago
- Business Insider
Is BigBear.ai Stock (BBAI) a Good Buy After the Q2 Setback?
U.S.-based AI solutions provider (BBAI) recently posted its Q2 results, falling short of market expectations. While the setback has sparked investor concerns about the company's prospects, analysts are looking past the short-term turbulence and focusing on the broader growth potential. As a result, the recent dip could present a buying opportunity for long-term investors, with BBAI stock down more than 18% since the earnings release. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. For context, delivers AI-powered decision support solutions, mainly serving the U.S. defense, intelligence, and federal government sectors. Misses Expectations in Q2 In Q2, the company's revenue fell by 18% year-over-year to $32.5 million, missing analyst projections of $40.59 million. It was primarily due to reduced activity on select U.S. Army programs. On the earnings side, reported an adjusted loss of $0.71 per share, marking a steep miss compared to the consensus forecast for a $0.06 loss. Wall Street Stays Bullish on BBAI Despite the disappointing results, Wall Street analysts expressed support for BBAI stock, choosing to look past short-term challenges. Analyst Scott Buck at H.C. Wainwright reiterated his Buy rating but trimmed his price target from $9 to $8. Buck argued that Q2 results weren't surprising given similar delays affecting other defense companies. He expects revenue visibility to improve as the business approaches 2026 and sees benefiting long-term from the 'One Big Beautiful Bill,' which boosts investment in its core areas. He also highlighted that the company ended Q2 2025 with over $390 million in cash, providing flexibility for reinvestment and acquisitions. Similarly, five-star-rated analyst Jonathan Ruykhaver of Cantor Fitzgerald maintained a Buy rating and raised his price target to $6 from $5 per share. Ruykhaver pointed to meaningful progress in key areas, including enhancements to core products and improved balance sheet strength. Notably, the company's backlog rose 42.9% year-over-year to $380 million, suggesting healthy demand and improved revenue visibility. Overall, he views the expanding backlog and ongoing strategic initiatives as key factors supporting his Buy rating and a higher price target. Is BBAI a Good Stock to Buy? On TipRanks, analysts have a Moderate Buy consensus rating on BBAI stock, based on two Buys and one Hold assigned in the last three months. The average share price target is $5.75, which implies a downside of 0.17% from current levels.
Yahoo
4 hours ago
- Yahoo
Wells Fargo Slashes PT on O-I Glass (OI) to $14 From $15
O-I Glass, Inc. (NYSE:OI) is one of the best small cap low volatility stocks to invest in. On August 4, Wells Fargo analyst Gabe Hajde lowered the firm's price target on O-I Glass, Inc. (NYSE:OI) to $14 from $15 while keeping an Equal Weight rating on the shares. A factory floor with industrial line machinery operating, producing glass containers. The firm told investors that O-I Glass, Inc. (NYSE:OI) is exhibiting solid performance on its self-help initiatives, which is supporting growth in profits despite mixed end markets. Wells Fargo added that the post-earnings stock reaction was a bit harsh, but the firm is waiting for better signs of end-market stability to adopt a constructive view. O-I Glass, Inc. (NYSE:OI) manufactures glass products, offering them to the food and beverage sector. The company's operations are divided into the Americas and Europe geographical segments. While we acknowledge the potential of OI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Newsweek
7 hours ago
- Newsweek
Map Shows Tax Cuts Promised by Trump Administration Across 50 States
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Tax Foundation, a nonpartisan Washington-based think tank, has produced a map forecasting the effects of President Donald Trump's One Big Beautiful Bill Act on taxes across the United States, broken down to the county level. The White House's website reposted the map, noting that the Tax Foundation said Trump's package would "reduce federal taxes on average for individual taxpayers in every state" and create almost 1 million jobs. Newsweek contacted the Tax Foundation for comment on Saturday outside regular office hours. Why It Matters Trump signed his One Big Beautiful Bill, the centerpiece of his economic agenda, into law on July 4 after it narrowly passed both the House and Senate. The Congressional Budget Office has said the legislation will add $2.4 trillion to the U.S. national debt, a forecast that contributed to a falling out between Trump and his previous close confidant Elon Musk. The One Big Beautiful Bill included sweeping tax cuts, reduced spending on Medicaid, and additional funding for the military and border security. It also raised the U.S. debt ceiling by $5 trillion. What To Know On Wednesday, the Tax Foundation published a study forecasting the effects of the One Big Beautiful Bill on taxes paid by the average American on a county-by-county basis between 2026 and 2035. This was accompanied by a map showing the breakdown by county over this period. Two days later, the White House published a news release welcoming the study, which included a screenshot of the Tax Foundation's map taken for 2026. According to the Tax Foundation, the average tax cut per American for 2026 will be $3,752 because of Trump's spending package. This is forecast to fall to $2,505 in 2030 as some measures expire before increasing again to $3,301 in 2035. A map produced by the Tax Foundation showing the effects of President Donald Trump's One Big Beautiful Bill in 2026 on a county-by-county basis. A map produced by the Tax Foundation showing the effects of President Donald Trump's One Big Beautiful Bill in 2026 on a county-by-county basis. Tax Foundation The states forecast to see the largest tax cuts in 2926 are Wyoming ($5,375), Washington ($5,372) and Massachusetts ($5,139). By contrast, the smallest cuts are expected in West Virginia and Mississippi—at $2,503 and $2,401, respectively. In its report, the Tax Foundation described the One Big Beautiful Bill as "the most significant legislative changes to federal tax policy since the 2017 Tax Cuts and Jobs Act," which was passed in Trump's first term. The president's One Big Beautiful Bill contained a number of tax cuts, including extending corporation and income taxes he imposed in the Tax Cuts and Jobs Act. It also raises the cap on state and local tax deductions over the next five years to $40,000 for those making less than $500,000 per year, reduces tax on tips and overtime pay, and phases out some of former President Joe Biden's energy tax credits. The Tax Foundation also projected that the One Big Beautiful Bill would produce about 938,000 jobs "over the long run," including 132,000 in California and 81,000 in Texas. What People Are Saying White House deputy press secretary Anna Kelly said in the news release: "President Trump's One Big Beautiful Bill is the largest, most consequential tax cut on the middle class ever. Now, the Tax Foundation—the leading nonpartisan tax policy nonprofit—confirms that. Between lower inflation, massive investments, and historic tax cuts, all Americans are reaping the benefits of the Trump Economy—and the Golden Age has just begun." What Happens Next While supporters of Trump's One Big Beautiful Bill may be buoyed by the Tax Foundation's report, which suggests it will result in widespread tax reductions and job creation, critics are likely to continue raising concerns about its effects on the national debt and Medicaid cuts.
