Latest news with #BradErickson
Business Insider
2 days ago
- Business
- Business Insider
Carvana Co (CVNA) Receives a Buy from RBC Capital
RBC Capital analyst Brad Erickson maintained a Buy rating on Carvana Co (CVNA – Research Report) on June 9 and set a price target of $400.00. The company's shares closed yesterday at $340.32. 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 Erickson covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Zillow Group Class A, and Meta Platforms. According to TipRanks, Erickson has an average return of 20.1% and a 56.91% success rate on recommended stocks. In addition to RBC Capital, Carvana Co also received a Buy from Bank of America Securities's Mike McGovern in a report issued on June 10. However, on June 5, Jefferies maintained a Hold rating on Carvana Co (NYSE: CVNA). CVNA market cap is currently $72.49B and has a P/E ratio of 118.51. Based on the recent corporate insider activity of 287 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 CVNA in relation to earlier this year. Earlier this month, MARK W. JENKINS, the CFO of CVNA bought 20,000.00 shares for a total of $6,628,800.00.
Business Insider
2 days ago
- Business
- Business Insider
Zillow Group Class A (ZG) Gets a Buy from RBC Capital
In a report released on June 9, Brad Erickson from RBC Capital maintained a Buy rating on Zillow Group Class A (ZG – Research Report), with a price target of $88.00. The company's shares closed yesterday at $70.05. 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 Erickson covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Zillow Group Class A, and Meta Platforms. According to TipRanks, Erickson has an average return of 20.1% and a 56.91% success rate on recommended stocks. In addition to RBC Capital, Zillow Group Class A also received a Buy from Piper Sandler's Thomas Champion in a report issued on May 30. However, on June 2, Bernstein reiterated a Hold rating on Zillow Group Class A (NASDAQ: ZG). ZG market cap is currently $17.21B and has a P/E ratio of -202.50.
Yahoo
03-05-2025
- Business
- Yahoo
Analyst Cautions On Snap As Meta And Google Benefit From Ad Spending Shifts
Snap reported solid Q1 results with revenue of $1.36B, beating expectations. Multiple analysts cut price targets on stock due to uncertainty. Snap Inc (NYSE:SNAP) reported first-quarter results on Tuesday and announced it would not provide second-quarter guidance. Snap reported first-quarter revenue of $1.36 billion, up 14%, topping the Street consensus estimate of $1.35 billion. The company reported an adjusted loss of 8 cents per share, beating a Street consensus estimate of 13 cents per Wall Street analysts cut their price targets on the stock. RBC Capital Markets analyst Brad Erickson maintained a Sector Perform rating with a price target of $12. Canaccord Capital Markets analyst Maria Ripps maintained a Hold rating with a price target of $9, down from $10. RBC Capital Markets: Snap's first-quarter revenue was roughly in line with expectations, offset mainly by weakness in RoW and, to a lesser degree, Europe. The company's DAUs were in line with the outlook and guidance. EBITDA came in materially ahead of expectations, driven by better cost discipline. So far, in the second quarter of 2025, management notes a headwind for revenue, citing advertisers affected by the de minimis exemptions as an example. Regarding the infrastructure costs per DAU for the quarter, the company anticipates it will fall near the midpoint in the second quarter, with DAUs estimated to be around 468 million. Investors recognize that Snap tends to lose share during moments of macro weakness, and this report will likely reinforce those views, particularly given Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's much more balanced tone last week (also historically consistent). Adding to the pain, investors also walked away from the call with unanswered questions regarding how to think about the regional exposure, i.e., China-based advertisers, and whether the weakness is more from APAC or non-China advertisers with China supply chain & de minimis exposure. Erickson is intrigued at Snap's opportunity with Spotlight to drive engagement with accretive monetization over time, but given its platform changes are moving slowly and the platform's tendency to underperform during softer macro periods, the analyst lacks arguments to get more constructive beyond that, the stock has come down. Meta Platforms Inc (NASDAQ:META) should be better off, given its similar level of advertiser depth, which can fill in auction holes left by the most affected advertisers. Erickson projected second-quarter revenue of $1.31 billion. Canaccord Capital Markets: Snap's first-quarter results were solid relative to expectations, with MAUs eclipsing 900 million for the first time, total revenue coming in modestly above consensus, and profitability solidly above guidance. Consistent with the past two quarters, advertising revenue growth decelerated slightly but increased ~9%, with DR revenue maintaining mid-teens growth and comprising 75% of total advertising revenue for the first time. Total active advertisers increased by 60% in the first quarter, reflecting efforts to onboard more SMBs onto the platform, and Snap is increasingly focused on ramping spend from medium-sized advertisers. Other revenue delivered another quarter of robust growth thanks to Snapchat+, now at a $600 million revenue run rate. Snap expects stable trends going forward. Global time spent watching content grew in the first quarter, reflecting continued investment in AI models to support better content ranking and personalization. These new models can integrate new trends and user interaction signals at double the pace of prior models, which helped the number of views on Spotlight posts. For My AI, improvements to responsiveness drove a 55% increase in the number of My AI DAUs in the US. Given macro-related uncertainty, Snap did not provide formal second-quarter financial guidance. Management noted that it has seen headwinds to start the quarter as the cohort of advertisers impacted by changes to the de minimis exemption has curtailed spending. The company did indicate that it was still growing quarter-to-date. Price Action: SNAP stock closed lower by 1.63% to $7.83 on Thursday. Read Next:Photo by via Shutterstock Date Firm Action From To Mar 2022 Deutsche Bank Initiates Coverage On Buy Mar 2022 Benchmark Initiates Coverage On Buy Feb 2022 Credit Suisse Maintains Outperform View More Analyst Ratings for SNAP 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? SNAP (SNAP): Free Stock Analysis Report This article Analyst Cautions On Snap As Meta And Google Benefit From Ad Spending Shifts originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Globe and Mail
02-05-2025
- Business
- Globe and Mail
3 Best Stocks to Buy Now, 5/1/2025, According to Top Analysts
Which stocks are best to buy now? According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Each stock received a new Buy rating recently and has a significant upside as well. 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. To find more stocks like these, take a look at TipRanks' Analyst Top Stocks tool. It shows you a real-time list of all stocks that have been recently rated by Top-ranking Analysts. Here are today's top stock picks, according to analysts. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. Meta Platforms (META) – This is a global technology company that owns and operates major social media and communication platforms, including Facebook, Instagram, WhatsApp, Messenger, and Threads. Today, RBC Capital analyst Brad Erickson maintained a Buy rating on the stock with a price target of $740 per share. Interestingly, 34 out of the 35 Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 25%. Waystar Holding Corp. (WAY) – This is a healthcare technology company that provides cloud-based software solutions. Today, William Blair analyst Ryan Daniels maintained a Buy rating on the stock. In the last three months, all five Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 28.25%. Edgewise Therapeutics (EWTX) – This is a digital accessibility platform that combines AI-powered automation with expert human testing to help businesses of all sizes. Yesterday, Guggenheim analyst Debjit Chattopadhyay maintained a Buy rating on the stock with a price target of $41 per share. In the last three months, all four Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 186.6%. Who Are the Top Analysts? TipRanks ranks financial analysts according to the success rates of their ratings and the average return on each of their ratings. The Top Analysts have each earned a five-star ranking, thanks to the accuracy and profitability of their ratings over time. See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks' Top Wall Street Analysts page.
Yahoo
24-04-2025
- Business
- Yahoo
Google earnings are coming today. Here's what to watch
Google (GOOGL) parent Alphabet will report first-quarter 2025 earnings Thursday after the bell in what could be a key test for the Nasdaq, given the company's heavyweight status on the index. The company's stock has fallen about 16% so far this year, so investors will be tuning in to Thursday's earnings call to gauge how exactly how confident Google's leadership is about the company's future, particularly in the key areas of AI and cloud computing, and amid a host of legal concerns related to antitrust cases. The shares were up slightly in Thursday morning trading, about 1.3%. Google is expected to report Q1 revenue growth of $89.2 billion (an 11% year-over-year increase) and earnings per share of $2.02 (7% ). Despite the company's dip in stock price over the past year, Wall Street analysts largely remain optimistic about Google's future. The consensus? Its core business fundamentals are strong. Still, lingering uncertainties have led some big firms to lower price targets ahead of Thursday's call. Top analysts, such as those at TD Cowen (TD), UBS (UBS), and Scotiabank (BNS), have adjusted their 12-month price targets for Alphabet. TD Cowen reduced its target from $210 to $195, while UBS lowered its from $209 to $173, and Scotiabank dropped its from $232 to $200. But despite these more cautious outlooks, all three firms maintain a 'buy' rating on the stock. RBC Capital (RY) analyst Brad Erickson said in a report that institutional investors have lowered their expectations: 'We believe buy side is expecting a (2%-3%) miss, respectively, relative to sell-side estimates of 9% search growth and 8% overall ad growth in Q1.' Google is dealing with a host of swirling questions that analysts are taking into consideration: rising legal risks, trade war and tariff uncertainty, and increasing competition in AI and cloud computing. For investors, the first-quarter earnings report could be a moment of truth: a chance to reset expectations and refocus on the long-term potential of a $1.9 trillion Silicon Valley giant navigating turbulent waters. Google has gotten plenty of headlines lately as it wades its way through a variety of antitrust lawsuits. The search engine giant was back in court this week, related to a ruling that found the company has an illegal monopoly in online search — in part by paying web browsers and smartphone manufacturers to feature its search engine. And the DOJ told the judge it had an eyebrow-raising solution: forcing the company to sell its popular Chrome browser. Google faces other mounting issues that have put the company in an especially vulnerable position. In a separate antitrust case, a federal judge ruled that the company had illegally maintained a monopoly in some of its online advertising technology, which could result in regulatory fines or structural changes to how Google's ad business operates — and maybe even a break-up. And Japan's FTC recently sent the company a cease-and-desist order after it said Google's search practices were monopolistic. On Thursday, analysts will watch closely for any mention of these legal challenges and for what the company's strategy is for dealing with them beyond what the company has already said — that they'll appeal. One key feature of Google's earnings report will likely be how the company has integrated and improved its AI offerings, especially among increased competition in the realm. Investors will look at how the company's Gemini AI model has been integrated across Google Search, YouTube, and Google Cloud — and at how the AI will start generating substantial revenue. Jeffries analysts said that Google Cloud is 'well positioned to benefit from Gemini AI advances' as the cloud computing suite remains a bit of a highlight for the company. Analysts expect Q1 Google Cloud revenue of almost $12 billion, up 25% year-over-year and slightly below both the Street's expectation ($12.3 billion) and Q4's growth rate (30%). However, Google Cloud is still playing catch-up to rivals such as Amazon Web Services (AMZN) and Microsoft Azure (MSFT). Google has positioned Google Cloud as an AI-first platform, so as more businesses adopt AI technologies, Google hopes to position its software as the go-to provider. If this quarter's earnings show significant cloud growth, it could signal a breakthrough moment. Analysts will be closely watching for any signs that this strategy has begun to pay off. And analysts will be looking at AI search competition, too, which JPMorgan Chase (JPM) analyst Doug Anmuth said in a report 'remains front and center given the rapidly growing scale of OpenAI's ChatGPT and Google's more measured pace in disrupting its own search ecosystem.' Google's advertising business remains the biggest component of the company's revenue, so investors will look at those numbers to shed light on the current state of the digital advertising market. YouTube and Google Search, the pillars of the company's ad revenue, are expected to show growth. Analysts predict YouTube's ad revenue will rise nearly 11% to almost $8 billion. But the company has big hopes for expansion in YouTube Shorts monetization. If it becomes a significant revenue stream, it could help offset any potential slowdown in traditional ad revenue. Analysts remain cautious. Legal challenges, including the recent ruling in federal court that found Google guilty of illegally dominating the market in ad servers and exchanges, could have big implications. For the latest news, Facebook, Twitter and Instagram. Sign in to access your portfolio
