Latest news with #Anmuth
Business Insider
2 days ago
- Business
- Business Insider
Chewy (CHWY) Receives a Rating Update from a Top Analyst
J.P. Morgan analyst Doug Anmuth reiterated a Buy rating on Chewy (CHWY – Research Report) today and set a price target of $36.00. The company's shares closed today at $47.49. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Anmuth covers the Communication Services sector, focusing on stocks such as Alphabet Class C, Meta Platforms, and Alphabet Class A. According to TipRanks, Anmuth has an average return of 21.2% and a 63.49% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chewy with a $42.30 average price target, a -10.93% downside from current levels. In a report released on May 30, Bank of America Securities also reiterated a Buy rating on the stock with a $49.00 price target. CHWY market cap is currently $19.76B and has a P/E ratio of 52.57.
CNBC
5 days ago
- Business
- CNBC
JPMorgan upgrades this social media stock, says it can rally 25%
JPMorgan has a plethora of reasons for moving off the sidelines on Pinterest . Analyst Doug Anmuth upgraded shares of the visual search platform to overweight from neutral and lifted his price target by $5 to $40. With that refreshed target, Anmuth sees the stock rallying 25.4% from Monday's close. "Given solid execution, potential upside to estimates, & what we believe remains lukewarm market positioning, we view the risk/reward on PINS as favorable," Anmuth wrote to clients in a Tuesday note. Anmuth pointed out that the majority of monthly active users and revenue are tied to the mobile app, which can limit downside from disruptions to search platforms like Google. Pinterest also has advertising abilities that can allow it to close what he called a gap between value creation and value capture, the analyst said. On the finance front, Anmuth said Pinterest is near the low end of its three-to-five year adjusted EBITDA margin target set at the company's 2023 investor day. Additionally, he said there's more upside potential given faster revenue growth and a pattern of spending discipline. Anmuth also called the stock's valuation "undemanding." He noted shares trade at 13 times 2026 free cash flow estimates and 12 times 2026 expected adjusted EBITDA. With the upgrade, Anmuth joined the majority of Wall Street with a buy-equivalent rating, per LSEG. PINS YTD mountain Pinterest, year-to-date Shares popped more than 4% in Tuesday's premarket trading following the call. The stock has gained about 10% this year, but is still well off its February highs.
CNBC
29-05-2025
- Automotive
- CNBC
This tech stock is the big winner so far this quarter — and analysts see more to come
Analysts are raising their forecasts on Uber Technologies stock by an outsized margin compared to peer tech names. CNBC Pro scanned the S & P 500 to find stocks where analysts have grown increasingly bullish since the start of what's proven a tumultuous second quarter, and Uber stuck out. Specifically, the stock has seen its average price target increase 8% since the start of the second quarter on April 1. Shares have advanced 22% in that time, through Wednesday, and up nearly 47% in 2025. Analysts cite both strong demand for Uber's core ride-sharing business as a reason for optimism, while also pointing to future growth opportunities thanks to the company's investments in autonomous driving and its partnership with Waymo, Alphabet 's self-driving car project. UBER YTD mountain Uber stock in 2025. "Importantly, we expect the AV [autonomous vehicle] narrative for Uber to continue to improve as the launch [with] Waymo in Austin proves out higher utilization & scope expands, & we anticipate similar early progress soon in Atlanta," JPMorgan analyst Doug Anmuth wrote in a May 20 note. "While there is still a long way to go, we believe Uber is becoming an increasingly valuable partner to AV tech providers as both a demand & utilization platform, as well as a fleet operator, as evident in its series of recent AI alliances." Anmuth's $105 per share price target implies about 19% upside from Wednesday's $88.26 close. Waymo began offering robotaxi rides in Austin, Texas earlier this year, with the Google-backed company utilizing the Uber app to hail the cars. Uber no longer has a dedicated autonomous driving segment in 2020, with the firm instead now opting to combine its application platform with Waymo's physical robotaxi technology. Elsewhere, TD Cowen analyst John Blackledge upped his price target to $104 per share from $96 in a note last week, implying about 18% upside from Wednesday's close. While the analyst similarly views autonomous driving as a long-term growth driver for the ride-sharing segment, Uber should be one of larger beneficiaries. While human drivers won't be displaced anytime soon, Uber benefits from offering both options, Blackledge said. "Near to medium-term, we believe that the optimal mix of rideshare vehicles in a given market implies human drivers should comprise the majority share (vs AVs), largely reflecting the highly variable nature of rideshare demand," TD Cowen said. "This near-term dynamic favors rideshare platforms such as Uber and Lyft (which can offer riders both AV and human-led ride options) vs a pure-play AV rideshare network."
Yahoo
20-05-2025
- Business
- Yahoo
J.P. Morgan Sees Long-Term Growth For Uber Technologies (UBER), Reiterates Buy Rating
On May 20, J.P. Morgan analyst Doug Anmuth reiterated a Buy rating on Uber Technologies, Inc. (NYSE:UBER) and raised the price target to $105 from $92. The upgrades come after the company has signed multiple partnerships since the start of 2025 to advance its autonomous vehicle ambition. A close up view of a hand holding a smartphone, using a ride sharing app. Anmuth met the management of Uber Technologies, Inc. (NYSE:UBER) noting that the company remains on track or ahead of the 3-year target, which is to grow Gross Bookings by mid-high teens, maintain a healthy 30% to 40% EBITDA growth, and achieve 90% conversion of EBITDA to free cash flow through 2026. During the fiscal first quarter of 2025, the company grew its Gross Bookings by 14% year-over-year to reach $42.8 billion. Whereas, the adjusted EBITDA grew by 35% during the same time to $1.9 billion. Anmuth anticipates the company to continue delivering strong, profitable growth from its core business while investing in long-term growth opportunities. Moreover, the analyst also noted that he sees Uber Technologies, Inc.'s (NYSE:UBER) autonomous vehicle narrative improving, reflected by the launch with Alphabet Inc.'s (NASDAQ:GOOGL) Waymo in Austin. The lunch continues to achieve higher utilization with significant scope expansion. Anmuth projects similar launches in Atlanta. The analyst acknowledged the long road ahead for the company, however, he believes Uber Technologies, Inc. (NYSE:UBER) is becoming a valuable partner for autonomous vehicle technology providers. This is reflected by the series of industry partnerships, since the start of this month, including those with May Mobility, Momenta, WeRide, and Pony AI. While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None
Yahoo
19-05-2025
- Business
- Yahoo
Netflix stock downgraded on valuation concerns despite recent defensive strength
Netflix (NFLX) stock fell 1% Monday morning after JPMorgan analyst Doug Anmuth downgraded the stock to Neutral from Overweight, even as he raised his price target to $1,220 from $1,150. Anmuth pointed to Netflix's elevated valuation as the key reason for the downgrade. The stock, currently trading at record highs, is up more than 30% since the start of the year and has surged nearly 400% since October 2022 — far outpacing the S&P 500's (^GSPC) 60% gain over the same period. "To be clear, there's no change to our long-term bullish view on NFLX's streaming leadership position & the company's potential to effectively become global TV over time," Anmuth said. "However, more near-term, following significant stock price appreciation & outperformance, we believe the risk/reward in NFLX shares is becoming more balanced." So far this year, Netflix has been viewed as a defensive name within Big Tech amid broader concerns over rising costs driven by tariff uncertainty, regulatory scrutiny, and a potential slowdown in advertising revenue. However, recent improvements in U.S.-China trade relations have lifted sector sentiment, which could prompt investors to rotate into names that have been more beaten down. "NFLX shares have been defensive, but if tariff & macro concerns continue to ease, we would expect rotation into other Internet names & parts of the market that have been more vulnerable & pressured," Anmuth said, suggesting Amazon (AMZN) and Meta (META) as possibole beneficiaries. Additionally, the analyst noted that Netflix is entering the typically slower summer season, which could weigh on momentum, especially with fewer near-term catalysts on the horizon. Historically, Q2 has been a challenging quarter for the company. Although Netflix no longer discloses subscriber numbers, JPMorgan estimates 4.5 million net additions this quarter, including 750,000 in the US and Canada. Still, there are reasons for optimism in the year ahead. During last week's Upfront presentation, Netflix announced its ad-supported tier has reached 94 million global monthly active users, up from 70 million in November. The company also noted strong engagement among US ad-tier members, who are watching approximately 41 hours of content per month, on par with those on the ad-free plan. Advertising remains a potential upside catalyst for Netflix's stock, with JPMorgan analyst Doug Anmuth acknowledging this could be where his downgrade proves too cautious. JPMorgan estimates Netflix's ad-tier revenue will more than double this year to $3 billion, up from $1.4 billion in 2024. Netflix also boasts a strong upcoming content lineup, including new seasons of "Squid Game," "Wednesday," and "Stranger Things." Additionally, live events and sports programming, such as the Taylor vs. Serrano fight, NFL Christmas Day games, and weekly WWE Raw, could further boost engagement, attract ad dollars, and support subscriber growth. On Monday, the company added another high-profile title to its slate, announcing that "Sesame Street" will be coming to the platform. The move underscores Netflix's efforts to expand its family-friendly offerings and appeal to a broader audience, potentially strengthening its competitive position in the streaming market. Allie Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at 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
