Latest news with #Ader
Business Insider
6 days ago
- Business
- Business Insider
Analysts Offer Insights on Technology Companies: Pure Storage (PSTG) and Xero Limited (OtherXROLF)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Pure Storage (PSTG – Research Report) and Xero Limited (XROLF – Research Report) with bullish sentiments. Confident Investing Starts Here: Pure Storage (PSTG) In a report released today, Jason Ader from William Blair reiterated a Buy rating on Pure Storage. The company's shares closed last Tuesday at $54.87. According to Ader is a 4-star analyst with an average return of 4.6% and a 55.3% success rate. Ader covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, CommVault Systems, and Varonis Systems. Pure Storage has an analyst consensus of Strong Buy, with a price target consensus of $72.24, a 34.1% upside from current levels. In a report issued on May 23, Evercore ISI also maintained a Buy rating on the stock with a $70.00 price target. Xero Limited (XROLF) Jarden analyst Tom Beadle maintained a Buy rating on Xero Limited today and set a price target of A$197.00. The company's shares closed last Tuesday at $116.01, close to its 52-week high of $118.88. According to Beadle is a 2-star analyst with an average return of 0.0% and a 56.1% success rate. Beadle covers the NA sector, focusing on stocks such as Telstra Corporation Limited, TPG Telecom Limited, and REA Group Ltd. Currently, the analyst consensus on Xero Limited is a Strong Buy with an average price target of $132.45, a 14.2% upside from current levels. In a report issued on May 19, Citi also maintained a Buy rating on the stock with a A$210.00 price target.
Yahoo
09-04-2025
- Business
- Yahoo
Microsoft's Capex Wiggle Room May Ease AI Spending Cut Fears, Says KeyBanc
KeyBanc Capital Markets believes Microsoft (NASDAQ:MSFT) retains considerable discretion over its capital expenditures, despite recent speculation that it may be scaling back some artificial intelligence-related investments. Warning! GuruFocus has detected 1 Warning Sign with MSFT. In a client note, analyst Jackson Ader pointed out that the company's expense commitments are largely influenced by data center construction and procurement contracts. These are categorized in Microsoft's disclosures as commitments primarily related to datacenters, including open purchase orders and take-or-pay agreements, rather than traditional construction obligations. According to Ader, who maintains an Overweight rating on the stock with a $575 price target, these agreements account for a significant share of Microsoft's short-term financial obligations. Specifically, for fiscal 2025, they represent 61.8% of non-debt commitments, in contrast to 27.1% for the same period last year. He noted that since a large portion of the company's upcoming spending is tied to such flexible arrangements, the company is not locked into rigid long-term commitments. Ader views Microsoft's ability to adjust its capex strategy as a supportive factor for shareholders. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
31-01-2025
- General
- Yahoo
Spokane opens new addiction recovery homeless shelter, partially replaces beds for families
Jan. 30—Two more small-capacity shelters have been added to the city of Spokane's homeless service system, including one focused on families with children and another for people actively trying to recover from addiction. Mayor Lisa Brown made the announcement in front of Family Promise of Spokane's headquarters Tuesday morning, continuing the rollout of her signature "scatter-site model" decentralizing away from the large congregant shelter that had typified her predecessor's approach to giving the homeless a place to sleep and receive other services. "(Homelessness is) not a one-size-fits-all issue," Brown said Tuesday. "There are people in our unhoused community with different challenges and varying needs, so we are working towards a model that is more personalized and focused on specific populations and their challenges, matching providers, faith communities and resources to people and their needs." The new facilities include a 15-bed shelter operated by Family Promise of Spokane and an at least 20-bed shelter operated by Compassionate Addiction Treatment, expanding the city's scattered shelter model to seven facilities, including the Cannon Street Shelter meant to serve as a hub between many of the others. Family Promise has operated emergency homeless shelters for families with children for many years, and the 15-bed expansion announced Tuesday only partially replaced 45 beds that were lost last year, largely due to a loss of funding from the city and county, said Joe Ader, the organization's CEO. The partial re-expansion brings the organization's total capacity to 70 beds. That organization has been experimenting with the "scatter-site" model of shelters for five years, beginning with the COVID-19 pandemic, and has operated as many as four facilities at a time to reduce the number of families sharing the same space and try to tailor services to families with different needs, Ader said. For instance, one facility caters to families with newborns, he noted. All of the recently added beds are already full, signaling a strong need for shelters for families, though Ader claimed his organization was particularly efficient at quickly moving families into permanent housing, cycling the beds for the next group. "We get more people housed than anybody else," Ader said. "We're very, very focused on housing rather than the shelter beds." For Compassionate Addiction Treatment, on the other hand, operating a homeless shelter is largely new, with the exception of short-term management of a cold weather shelter last year. "We're still working out the details," Burchinal said in response to differing reports of how many beds their site would maintain. "We won't be doing (drug screenings) as a prerequisite for entry, because there are already locations in town that provide shelter with that as a prerequisite — we'll be working with people actively engaged with services to stabilize and stay in recovery." Burchinal added that their clients will not be allowed to have or use drugs on the property or surrounding neighborhood, but that "we understand total abstinence may not occur until someone has a stable place to sleep." "I want to be clear, our other goal is to be very much a positive presence in our neighborhood," Burchinal said. "I know the structure of this, along with our housing case management, will only bring more positive results without bringing a negative presence to the neighborhood." Their entry into the often controversial space of operating a homeless shelter is notable, given the heated opposition the organization has faced from various groups that have blamed CAT for the crime and dysfunction of the troubled downtown intersection of Second and Division. Last summer, when Compassionate Addiction Treatment had proposed moving a sobering center from downtown Spokane into the Chief Garry Park neighborhood, a successful petition was started to oppose the effort. Spurred by Andrew Northrop, an associate director of the conservative lobbying group Spokane Home Builders Association, the petition calling CAT a magnet for disorder garnered the support of hundreds of neighbors and dozens of businesses and other lobbying groups, like the Spokane Business Association led Larry Stone, the developer, major political donor and owner of the building that once housed the city's Trent shelter. Stone and other developers such as Sheldon Jackson, of Selkirk Development, called for the total defunding of CAT and blamed the organization for the drug use and homelessness that proliferated near their old downtown location, which Jackson has claimed largely disappeared after the organization moved a mile east to Third Avenue. "They move 9 blocks East and the drug addicts on Division disappear," Jackson wrote to a cohort of hundreds of other mostly business and property owners in a Jan. 14 email. Burchinal rejects that the organization, which works to get those struggling with addiction off drugs and off the streets, was what caused the area's issues. "Are we concerned that (launching a shelter) will give opportunity for wealthy developers to attack us again? Yes," Burchinal said. "But we are committed to our mission to help people exiting homelessness." "I would ask people to be curious, to learn about us, rather than accept the stories they've been told," she added.
Yahoo
30-01-2025
- Business
- Yahoo
Microsoft results highlight AI spending isn't slowing down
Microsoft (MSFT) shares are trading lower after the tech giant's cloud revenue missed, overshadowing its earnings beat. The earnings report comes just after China's DeepSeek announced a new model raising concerns about US companies' ability to compete. KeyBanc Capital Markets equity research analyst Jackson Ader joins Morning Brief with Seana Smith and Brad Smith to discuss what Microsoft's results signal about the artificial intelligence (AI) landscape. "Microsoft continues to kind of lead the way on [capital expenditure] CapEx spend," Ader says, adding, "They're a $3 trillion-plus company, so they've got cash to spare." Microsoft's capital spending hit $22.6 billion during the fiscal second quarter. "They expect the numbers in third quarter and fourth quarter to be in line with that and then probably grow next year," Ader says, noting that the hefty spending plans squash any concerns about Big Tech pulling back on AI investments. The analyst explains that part of what's driving Big Tech's massive AI spending is the "uncertainty in the amount of compute" needed for the rapidly evolving tech. "The AI version of the cloud looks a little bit more like the internet, where we think we're going to use a ton of it, but we're not really sure how much we are going to use," Ader explains. "That added uncertainty means that you have to spend a lot of money without predetermined ROI, and without [a] predetermined total cost of ownership coming down like we had in cloud 1.0 creates a little bit of extra risk." When asked about DeepSeek's advancements and what it means for other AI players like Microsoft, Ader says the Chinese AI startup's breakthroughs may actually benefit Microsoft. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.
