Latest news with #BradleySills
Yahoo
4 days ago
- Business
- Yahoo
Bank of America Securities Raised the Firm's PT on Shopify Inc (SHOP), Kept a Buy Rating
Shopify Inc. (NASDAQ:SHOP) is one of the Best Performing Canadian Stocks So Far in 2025. On August 8, Bradley Sills from Bank of America Securities raised the firm's price target on Shopify Inc. (NASDAQ:SHOP) from $110 to $185, while maintaining a Buy rating on the stock. The analyst noted that the company's key growth initiatives are showing significant results. The company, in its latest fiscal second quarter 2025 earnings release, exceeded revenue and EPS estimates. The company posted $2.68 billion in revenue, up 31% year-over-year and ahead of expectations by $132.64 million. The EPS of $0.35 also surpassed estimates by $0.06. An enthusiastic customer completing a purchase and receiving an order confirmation via one of the companies online sales channels. The analyst noted that the company's merchant solutions contributed significantly to revenue growth, and the company is also winning new enterprise clients, which is good for its long-term growth. Shopify Inc. (NASDAQ:SHOP) is a global commerce company that provides tools and software for businesses to sell products online, in stores, and through social media or marketplaces. While we acknowledge the potential of SHOP 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. Sign in to access your portfolio
Yahoo
11-08-2025
- Business
- Yahoo
Bank of America Securities Reaffirms Buy Rating on Salesforce (CRM) Stock
Salesforce, Inc. (NYSE:CRM) is one of the Best Cloud Computing Stocks to Invest in Now. On July 14, Bank of America Securities analyst Bradley Sills reaffirmed a 'Buy' rating on the company's stock with a price objective of $350. The positive outlook comes as the analyst sees a rebound in growth for its largest business, Service Cloud. The analysts led by Brad Sills mentioned that Service Cloud is expected to see better growth in the upcoming quarters. A customer service team in an office setting using the company's Customer 360 platform to communicate with customers. The analysts also mentioned that their estimate for FY 2026 Service Cloud revenue stood at $9.7 billion, representing 25% of the total subscription revenue. As per the analysts, the Service Cloud growth has bottomed and can accelerate to 9% in the upcoming quarters and is expected to trend towards 12% longer term. Overall, the Sills and his team maintained their rating on Salesforce, Inc. (NYSE:CRM)'s stock, considering their view that top-line growth has bottomed and can reaccelerate from here. The analysts believe that add-ons and Agentforce upsell are the growth drivers. With the US dollar weakening in Q1, Salesforce, Inc. (NYSE:CRM) anticipates a currency tailwind for the business. Salesforce, Inc. (NYSE:CRM) expects Q2 2026 revenue guidance of $10.11 billion – $10.16 billion, up 8% – 9% YoY and 7% – 8% in CC. Oakmark Funds, advised by Harris Associates, released its Q2 2025 investor letter. Here is what the fund said: 'Salesforce, Inc. (NYSE:CRM) is a leading technology company that offers a collection of software products aimed at providing businesses with a full front office productivity suite. We believe Salesforce is a wonderful business going through a transformation into a profitable, shareholder-focused enterprise. Since management announced their renewed focus on operating discipline a couple years ago, Salesforce's margins have increased substantially. In our view, there is further room to improve as the company leverages its unique position to help businesses deploy AI and continues to restructure its sales organization. Since exiting our position in Salesforce in December, the stock price has declined by over 30% despite continuing to report fundamental results that are in line with our expectations. We were pleased to buy the stock, but we first established our position using a put writing strategy to lower our entry price. We believed the puts were overvalued as they implied that Salesforce was among the most volatile large companies, which was completely at odds with our assessment of its business value.' While we acknowledge the potential of CRM 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: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Insider
15-07-2025
- Business
- Business Insider
‘Don't Miss the Rebound,' Analyst Sees Growth Potential in Salesforce's (NYSE:CRM) Key Business
Bank of America Securities analyst Bradley Sills has reaffirmed a Buy rating on Salesforce (CRM) stock with a price target of $350 (34.3% upside). The positive outlook comes as the analyst anticipates a rebound in growth for Salesforce's largest business, Service Cloud. 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. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Importantly, he believes that Service Cloud's growth has hit its lowest point and is now expected to speed up in the upcoming quarters. The analyst noted that Service Cloud's growth in the recent first quarter of Fiscal 2026 slowed to 7% from 9.5% in Q4 Fiscal 2025. But after adjusting for the leap year and rounding, Sills said that the real growth only dipped by about 1%. Looking ahead, Sills projects revenue from Service Cloud to reach $9.7 billion in Fiscal 2026, marking an 8% year-over-year increase. Analyst Sees Growth Ahead In the near term, the analyst anticipates Service Cloud's growth will accelerate to 9% and could potentially move towards 12% over the longer term. Key drivers for this potential growth include Salesforce's add-on offerings and Agentforce upsell. Also, Sills expects Service Cloud to lead the industry in new gains, thanks to its easy-to-use interface, strong customization and analytics, smooth integration across sales and service, and AI-powered innovation from Agentforce. Is CRM a Buy, Hold, or Sell? Turning to Wall Street, CRM stock has a Moderate Buy consensus rating based on 34 Buys, nine Holds, and three Sells assigned in the last three months. At $346.92, the average Salesforce stock price target implies a 32.85% upside potential.
Yahoo
03-07-2025
- Business
- Yahoo
BofA Reiterates Buy Rating on Adobe Stock, Keeps PT at $475
Adobe Inc. (NASDAQ:ADBE) is one of the . On June 26, BofA reiterated its Buy rating on Adobe Inc. stock, keeping the price target at $475. Bradley Sills remains optimistic about Adobe's prospects, citing the company's strategic positioning and strong financial results during Q2 2025. The company achieved record revenue of $5.87 billion, up 11% year-over-year and beating estimates by $73.73 million. The company's Digital Media segment recorded $4.35 billion in revenue, indicating a 12% year-over-year growth in ARR. Adobe's AI initiatives, such as Acrobat AI Assistant and Firefly, are massively contributing to revenue, with AI-driven ARR tracking ahead of the $250 million target of 2025. The analyst believes that Adobe Inc. (NASDAQ:ADBE) is in the early stages of the agentic AI cycle, which is expected to improve its competitive edge in the creative professional market. Adobe's growth in AI-influenced products will further strengthen its core offerings and expand its market reach. Sills sees Adobe's commitment to data governance and security to be key for its cloud capabilities and integration with third-party models. Adobe Inc. (NASDAQ:ADBE) is a technology company that offers creator tools and services to individuals, teams, and enterprises to create, publish, and promote content. Adobe is evolving into an AI-driven company through its generative AI tools. While we acknowledge the potential of ADBE 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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Business Insider
29-06-2025
- Business
- Business Insider
BBAI vs. CRWV vs. APP: Which Growth Stock Is the Best Pick, According to Wall Street Analysts?
Macro uncertainties, geopolitical tensions, and news on the tariff front have kept the stock market volatile. Despite ongoing uncertainties, analysts remain optimistic about several growth stocks and their potential to generate attractive returns over the long term. Using TipRanks' Stock Comparison Tool, we placed BigBear. ai Holdings (BBAI), CoreWeave (CRWV), and AppLovin (APP) against each other to find the best growth stock, according to Wall Street analysts. Confident Investing Starts Here: Holdings (NYSE:BBAI) Stock Holdings stock has risen more than 31% so far in 2025 and 292% over the past year, as investors are optimistic about the prospects of the data analytics company. BBAI offers artificial intelligence (AI)-powered decision intelligence solutions, mainly focused on national security, defense, and critical infrastructure. The company ended Q1 2025 with a backlog of $385 million, reflecting 30% year-over-year growth. However, there have been concerns about low revenue growth rate and high levels of debt. Looking ahead, the company is pursuing further growth through international expansion and strategic partnerships, while continuing to secure attractive government business. What Is the Price Target for BBAI Stock? Last month, Northland Securities analyst Michael Latimore reaffirmed a Hold rating on BBAI stock but lowered his price target to $3.50 from $4 after the company missed Q1 estimates due to further delays in government contracts. On the positive side, the 4-star analyst noted the solid growth in backlog and management's statement that their strategy is 'beginning to resonate.' On TipRanks, Holdings stock is assigned a Moderate Buy consensus rating, backed by two Buys and two Holds. The average BBAI stock price target of $4.83 indicates a possible downside of 17.3% from current levels. CoreWeave (NASDAQ:CRWV) Stock CoreWeave, a cloud provider specializing in AI infrastructure, is seeing robust adoption for its products. The company, which provides customers access to Nvidia's (NVDA) GPUs (graphics processing units), went public in March. CRWV stock has risen about 300% to $159.99, compared to its IPO (initial public offering) price of $40. Remarkably, CoreWeave delivered a 420% jump in its Q1 2025 revenue to $981.6 million. Moreover, the company ended the first quarter of 2025 with a robust backlog of $25.9 billion. Meanwhile, CoreWeave has entered into lucrative deals, including an expanded agreement of up to $4 billion with ChatGPT-maker OpenAI and a collaboration to power the recently announced cloud deal between Alphabet's Google (GOOGL) and OpenAI. Is CRWV a Good Stock to Buy? Recently, Bank of America analyst Bradley Sills downgraded CoreWeave stock to Hold from Buy, citing valuation concerns following the strong rally after the company's Q1 results. Also, the 4-star analyst expects $21 billion of negative free cash flow through 2027, due to elevated capital expenditure ($46.1 billion through 2027). However, Sills raised the price target for CRWV stock to $185 from $76, noting several positives, including the OpenAI deal and strong revenue momentum. Overall, Wall Street has a Moderate Buy consensus rating on CoreWeave stock based on six Buys, 11 Holds, and one Sell recommendation. At $78.53, the average CRWV stock price target indicates a substantial downside risk of about 51%. AppLovin (NASDAQ:APP) Stock Adtech company AppLovin has witnessed a 301% jump in its stock price over the past year. The company provides end-to-end software and AI solutions for businesses to reach, monetize, and grow their global audiences. Notably, AppLovin's strong growth rates have impressed investors. In Q1 2025, AppLovin's revenue grew 40% and earnings per share (EPS) surged by 149%. Investors have also welcomed the company's decision to sell its mobile gaming business to Tripledot Studios. The move is expected to enable AppLovin to focus more on its AI-powered ad business. However, APP stock has declined more than 12% over the past month due to the disappointment related to its non-inclusion in the S&P 500 Index (SPX) and accusations by short-seller Casper Research. Nonetheless, most analysts remain bullish on AppLovin due to its strong fundamentals and demand for the AXON ad platform. Is APP a Good Stock to Buy Recently, Piper Sandler analyst James Callahan increased the price target for AppLovin stock to $470 from $455 and reaffirmed a Buy rating. While Piper Sandler's checks suggest some weakness in AppLovin's supply-side trends, it remains a buyer of APP stock, with the tech company growing well above its digital ad peers and expanding into new verticals. With 16 Buys and three Holds, AppLovin stock scores a Strong Buy consensus rating. The average APP stock price target of $504.18 indicates 51% upside potential from current levels. Conclusion Wall Street is sidelined on stock, cautiously optimistic on CoreWeave, and highly bullish on AppLovin stock. Analysts see higher upside potential in APP stock than in the other two growth stocks. Wall Street's bullish stance on AppLovin stock is backed by solid fundamentals and strong momentum in its AI-powered ad business. According to TipRanks' Smart Score System, APP stock scores a 'Perfect 10,' indicating that it has the ability to outperform the broader market over the long run.
