Latest news with #BankofAmericaSecurities
Business Insider
2 days ago
- Business
- Business Insider
Bank of America Securities Remains a Buy on PHINIA Inc. (PHIN)
Bank of America Securities analyst Federico Merendi maintained a Buy rating on PHINIA Inc. today and set a price target of $60.00. The company's shares closed today at $53.85. 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. Merendi covers the Consumer Cyclical sector, focusing on stocks such as PHINIA Inc., Tesla, and Lucid Group. According to TipRanks, Merendi has an average return of 2.0% and a 53.85% success rate on recommended stocks. In addition to Bank of America Securities, PHINIA Inc. also received a Buy from Northland Securities's Bobby Brooks in a report issued on July 25. However, on the same day, UBS maintained a Hold rating on PHINIA Inc. (NYSE: PHIN). PHIN market cap is currently $2.04B and has a P/E ratio of 20.22. Based on the recent corporate insider activity of 132 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PHIN in relation to earlier this year. Last month, Neil Fryer, the VP and GM Global Aftermarket of PHIN bought 23.00 shares for a total of $974.97.
Yahoo
2 days ago
- Business
- Yahoo
Meta's Strong Revenues May Offset Concerns Over Soaring AI Investments: Analyst
Meta Platforms (NASDAQ:META) is poised for a significant market focus on its expanding artificial intelligence initiatives, with increasing investments in AI talent and infrastructure signaling a strategic pivot. The company's aggressive push into advanced AI development is driving elevated revenue and earnings per share estimates for the upcoming quarters, despite the potential for rising operating expenses. Bank of America Securities analyst Justin Post, who reiterated a Buy rating on Meta Platforms on Friday with a price forecast of $775, anticipates the company's second-quarter earnings call will prominently feature its expanding AI highlighted key developments such as Meta's $14 billion investment in Scale AI, recent reports of delays concerning the Llama 4 model, and the formation of Meta's dedicated Super Intelligence team, all of which underscore a deepening commitment to advanced AI development. Meta Platforms is anticipated to report strong second-quarter revenue, which Post believes could alleviate concerns regarding its significant AI spending. He further noted Meta's aggressive recruitment of top-tier AI professionals, offering competitive compensation packages that could contribute to an uptick in operating expenses. Post raised its second-quarter estimates, projecting revenue and GAAP EPS of $45.4 billion and $6.12, respectively, above Street estimates of $44.6 billion and $5.84. The analyst expects 8% growth in ad revenue, with foreign exchange providing a positive tailwind. He noted buy-side expectations landing between $45.5 and $46 billion, above the high end of Meta's $42.5 and $45.5 billion guidance. For the third quarter, Post forecasted $46.9 billion in revenue and $6.20 in EPS, ahead of the Street's $45.9 billion and $5.91. The analyst expects Meta to guide within a $44.5-$47.5 billion range and see ad revenue continuing to benefit from AI-driven improvements like automated campaigns, CRM integration, and rising monetization across Threads, WhatsApp, and messaging. Post noted that despite the AI hiring ramp, Meta has room within its 2025 expense guide of $113-$118 billion. The analyst estimated $27.8 billion in second-quarter expenses, with higher capex potentially driven by data center expansion and AI infrastructure needs. Post also expects Meta to benefit from new tax laws and R&D credits, possibly improving 2025 free cash flow by $4–5 billion. The analyst noted Meta as one of the strongest long-term AI opportunities, with substantial revenue upside as AI tools integrate into the ad stack. For full-year 2025, Post forecasted $190 billion in revenue and $26.83 in EPS (vs Street at $187 billion and $25.61). However, he cautioned that investor expectations are high heading into the print, especially with the stock up 22% year-to-date and trading at 24.5 times 2026 EPS. Price Action: META stock is trading higher by 0.55% to $716.50 at last check Monday. Photo via Shutterstock Latest Ratings for META Date Firm Action From To Jul 2020 Desjardins Initiates Coverage On Buy View More Analyst Ratings for META View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Meta's Strong Revenues May Offset Concerns Over Soaring AI Investments: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
Yahoo
5 days ago
- Business
- Yahoo
Coursera's Upbeat Outlook Drives Stock Higher
Coursera (NYSE:COUR) shares surged on Friday after the online learning platform reported second-quarter earnings that exceeded market expectations, driven by accelerated revenue growth across both its consumer and enterprise segments. The strong performance, which also saw improved profitability, has prompted the company to raise its full-year revenue outlook, signaling a robust operational shift and increased confidence in its future trajectory. Coursera reported second-quarter earnings of 12 cents per share, which beat the analyst consensus estimate of 9 cents. Quarterly revenue clocked in at $187.1 million, which beat the Street estimate of $180.48 of America Securities analyst Nafeesa Gupta upgraded Coursera from Underperform to Neutral, raising the price forecast from $7 to $12. Gupta notes that revenue growth accelerated to 10% year-over-year, up from 6% in the first quarter, driven by improved performance across both the Consumer and Enterprise segments. The EBITDA margin came in at 9.6%, ahead of the 7.1% Street forecast, supported by stronger top-line results, improved revenue-sharing dynamics, and greater operating efficiency. In the Consumer business, growth picked up to 10% year-over-year versus 5% in the previous quarter, helped by robust Coursera Plus subscriptions and effective marketing. While Gupta raises the rating on better near-term growth and margin prospects for the third quarter and FY25, the analyst also flags a likely deceleration in the second half, citing expected 8% revenue growth in the third quarter and softer implied trends for the fourth quarter. Still, the analyst remains constructive on the company's expanding learner base and its ongoing success in bringing down content costs. Gupta notes that management expects the $17 million increase in full-year 2025 revenue to primarily come from the Consumer segment, driven by initiatives such as enhancing the site experience, expanding the AI course catalog and enrollments, and introducing promotional and geo-based pricing strategies to improve paid learner conversion. Reflecting this momentum, the analyst raises third-quarter 2025 revenue estimate by 4% to $190 million on stronger Consumer growth, and adjusts third-quarter 2025 EBITDA upward to $12.1 million (6.4% margin) from $10.4 million. The analyst also lifts full-year 2025 and full-year 2026 revenue forecasts to $746 million-$796 million, respectively, up from prior estimates of $730 million-$772 million, while boosting full-year 2025 and full-year 2026 EBITDA projections to $60 million-$75 million (8.0% and 9.4% margins) from $54 million-$68 million previously. These upward revisions reflect improved revenue expectations, though the analyst notes potential back-half operating expense pressure in 2025; additionally, Gupta increases valuation multiples to reflect the stronger growth and margin outlook, with Consumer growth expected to outpace Enterprise and some benefit from market-driven multiple re-rating amid easing macroeconomic and tariff uncertainties. Price Action: COUR shares are trading higher by 32.8% to $12.05 at last check Friday. Read Next:Photo via Shutterstock Latest Ratings for COUR Date Firm Action From To Feb 2022 Raymond James Maintains Outperform Feb 2022 Telsey Advisory Group Maintains Outperform Feb 2022 Keybanc Maintains Overweight View More Analyst Ratings for COUR View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Coursera's Upbeat Outlook Drives Stock Higher originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
BofA Reiterates a Sell Rating on ZIM Integrated Shipping Services (ZIM)
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is one of the best shipping and container stocks to invest in now. On July 16, Muneeba Kayani, an analyst from Bank of America Securities, reiterated a Sell rating on ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) with an associated price target of $14.80. A fleet of vessels docking at a busy harbor, signaling the company's presence in global marine shipping. The analyst based the rating on factors affecting ZIM Integrated Shipping Services Ltd.'s (NYSE:ZIM) financial outlook, stating that a notable reason is the expected drop in the Transpacific freight rates, which may decline by 10% sequentially in Q2, with an additional substantial drop expected in H2 2025. Kayani attributed this decline to an oversupply in the container shipping industry, backed by increased capacity after an easing of the US-China tariffs. The analyst also reasoned that although ZIM Integrated Shipping Services Ltd.'s (NYSE:ZIM) 2025 earnings are at the upper end of guidance, management lowered the adjusted EBITDA estimate by 3% to $2.1 billion, aligning with consensus estimates. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) provides shipping and logistics services, including the transportation of refrigerated cargo, out-of-gauge cargo, and dangerous and hazardous cargo. While we acknowledge the potential of ZIM 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.
Bloomberg
6 days ago
- Business
- Bloomberg
BofA's Blanch Sees Oil Lower in 2H as Inventories Build
Francisco Blanch, head of commodities and derivatives research at Bank of America Securities, expects to see 'lower oil prices, but not necessarily prices crashing,' in the second half of the year and also discusses the growing need for power in the US and his outlook for gold. (Source: Bloomberg)
