Latest news with #ArvindRamnani
Yahoo
13-05-2025
- Business
- Yahoo
Block, Inc. (XYZ): Among Billionaire Ken Griffin's Midcap Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Block, Inc. (NYSE:XYZ) stands against other billionaire Ken Griffin's midcap stock picks with huge upside potential. Ken Griffin, the founder of Citadel, is an influential albeit controversial figure in the investment industry. Ken Griffin tasted early success while trading during his college days, and it is safe to say that he has never looked back since. Despite huge setbacks during the financial crisis of 2008, he used his skills and determination to make a comeback where many others would have simply closed the fund and moved on. The billionaire investor currently manages assets worth around $65 billion across his funds. Owing to its large size and track record of success, Ken Griffin's stock moves often make it to the news and are closely followed by investors. We decided to do the same, focusing on Mid-cap stocks that still had the potential to turn into established giants tomorrow. To come up with the list of billionaire Ken Griffin's 10 midcap stock picks with huge upside potential, we looked at his latest 13F holdings and, among his significant holdings, only considered stocks between $10 billion and $40 billion in market cap. We then looked at the average analyst price target on Wall Street and ranked the stocks according to their upside potential. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Ken Griffin of Citadel Investment Group Stock Upside Potential: 48.29% Citadel Investment Group's Stake: $368,584,632 Block, Inc. operates as an ecosystem builder. It builds ecosystems focused on financial and commerce products. The company operates in the Cash App and Square segments. The stock has been declining since the start of this year, falling over 45%. After the release of Block's most recent quarter results, some analysts turned pessimistic. Piper Sandler analyst Arvind Ramnani believes an acceleration in the latter half may be overly optimistic because of pressured fundamentals. Wall Street's analysts are also concerned about weaker Cash App spending. However, Mizuho's Dan Dolev maintained his Outperform rating on the stock, citing the firm's improved network density and product innovation. He thinks XYZ's robust product innovation and enhanced network density could mitigate the effects of a weaker macroeconomic environment. Based on the guidance, the company expects gross profit growth of 12% for 2025. Adjusted operating income is anticipated to grow by 19%. Continuous GPV growth improvements are projected throughout the year. For Q2, Square's GPV growth is projected to achieve high single digits. Overall, XYZ ranks 3rd on our list of billionaire Ken Griffin's midcap stock picks with huge upside potential. While we acknowledge the potential of XYZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than XYZ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Business Insider
30-04-2025
- Business
- Business Insider
Piper Sandler Sticks to Its Hold Rating for PayPal Holdings (PYPL)
In a report released yesterday, Arvind Ramnani from Piper Sandler maintained a Hold rating on PayPal Holdings (PYPL – Research Report), with a price target of $70.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Ramnani covers the Technology sector, focusing on stocks such as Globant SA, Accenture, and Duolingo. According to TipRanks, Ramnani has an average return of -0.4% and a 46.93% success rate on recommended stocks. In addition to Piper Sandler, PayPal Holdings also received a Hold from Needham's Mayank Tandon in a report issued yesterday. However, on the same day, Monness reiterated a Buy rating on PayPal Holdings (NASDAQ: PYPL). Based on PayPal Holdings' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.79 billion and a net profit of $1.29 billion. In comparison, last year the company earned a revenue of $7.7 billion and had a net profit of $888 million Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PYPL in relation to earlier this year. Most recently, in February 2025, Gail Mcgovern, a Director at PYPL sold 2,446.00 shares for a total of $176,478.90.
Yahoo
26-03-2025
- Business
- Yahoo
Is Accenture Stock Going to $364? 1 Wall Street Analyst Thinks So.
At times, an analyst's price target cut can be a bit deceiving. The move doesn't necessarily mean the pundit has turned bearish on the affected stock. Often, it's more of an adjustment that leaves the basic investment thesis intact. That was the dynamic behind a recent fair-value assessment chop to storied business consultancy Accenture's (NYSE: ACN) stock by a prognosticator following it. As the stock market was about to close for the weekend on Friday last week, Piper Sandler's Arvind Ramnani pulled the lever on his Accenture price target cut. In his opinion, the stock could go to $364, down notably from his previous price target of $396. However, he maintained his buy recommendation. Even at the reduced level, Ramnani is anticipating an upside of 18.3% over the next 12 months from its current price. Ramnani's revision came one day after the company published its latest set of quarterly earnings, and provided a business update. According to reports, the analyst is concerned with uncertainty about the macroeconomy, as well as a possible decline in Accenture's business with clients in the public sector due to the current, aggressive cost-cutting push by the Trump administration. Ramnani also wrote that the quarter was a lackluster one for Accenture, with those factors contributing to flat bookings during the period. The pundit's (somewhat) revised take on Accenture is convincing, given recent developments, although I'm not so sure that I'd be bullish on the stock. A lot of uncertainty is swirling around our economy now, and the company might not be insulated from much of it. In down times, clients tend to cut their spending on consultancy services, so I don't think the timing is great for Accenture's shares at the moment. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $305,226!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $41,382!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $517,876!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 24, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Accenture Plc. The Motley Fool has a disclosure policy. Is Accenture Stock Going to $364? 1 Wall Street Analyst Thinks So. was originally published by The Motley Fool Sign in to access your portfolio
