Latest news with #BrentNavon
Yahoo
27-05-2025
- Business
- Yahoo
BofA Analyst Hikes TKO Group Holdings Price Target After Q1 Report
TKO Group Holdings, Inc.'s (NYSE:TKO) solid start to 2025, characterized by the solid performance of UFC and WWE brands, has caught the attention of analysts on Wall Street. On May 26, BofA analyst Brent Navon reiterated a Buy rating on the stock and hiked the price target to $185 from $175. The hike comes on the company delivering solid first quarter 2025 results that surpassed expectations on revenue and adjusted earnings. Photo by dylan nolte on Unsplash The strength and momentum of UFC and WWE brands allowed TKO Group to deliver a 4% increase in revenue to $1.26 billion. WWE posted a $74.8 million increase in revenue to $391.5 million, as UFC revenues increased by $46.7 million to $359.7 million. On the other hand, net income increased by $400 million from a net loss of $234.5 million a year ago, same quarter, to $165.5 million. The BofA price hike also comes with TKO Group updating its full-year guidance to reflect the addition of IMG, On Location, and PBR. The acquisitions are expected to strengthen the company's portfolio of world-class IPs. The assets also position the company to capitalize on the momentum of the growing sports and entertainment ecosystem. Additionally, the analyst has touted the strategic position the company remains in amid the expected media rights renewals that come when the company is experiencing significant growth in live events. In addition, TKO Group's sponsorship revenue streams are on a growth trajectory. TKO Group Holdings Inc. is a sports and entertainment company specializing in combat sports. It owns and monetizes intellectual property through media rights, live events, sponsorships, and licensing. The company operates UFC and WWE, with UFC generating most revenue from media rights, ticket sales, and sponsorships. While we acknowledge the potential of TKO Group Holdings, Inc. (NYSE:TKO) 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 TKO and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. 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
13-05-2025
- Business
- Yahoo
Roku, Inc. (ROKU): Among Advertising & Media Stocks That Could Tank If Recession Hits
We recently published a list of . In this article, we are going to take a look at where Roku, Inc. (NASDAQ:ROKU) stands against other advertising & media stocks that could tank if recession hits. When recession strikes, the advertising and media sectors are the first ones to see a noticeable impact. Companies tend to reduce their advertising budgets when the going gets tough. As a result, media companies that rely heavily on advertising spending fail to hit their revenue targets. So, if investors want to look at red flags for recession, advertising and media stocks offer good insights. While media companies across the board feel the heat of reduced advertising budgets, some companies tend to fare better. These are mostly the ones that have diversified their income streams to reduce reliance on advertising. In this post, we look at stocks that are likely to struggle if ad spending goes down. To come up with our list of top 10 advertising and media stocks that could tank if recession hits, we only looked at stocks that had a market cap of at least $5 billion. A large movie theatre filled with people enjoying a film streaming on a smart TV. Roku, Inc. is a TV streaming platform operator. It operates in the Devices and Platform segments. The company's streaming platform enables users to access and find news, TV shows, sports, movies, and similar content. It offers streaming services distribution, digital advertising, sale of streaming players, audio products, and other products and services. Last month, the firm was upgraded by Bank of America (BofA) with a Buy rating and a price target of $100. The upgrade was based on the company's strong user base and its growth potential. Brent Navon, BofA Securities analyst, highlighted the company's profitability trajectory by saying: We believe Roku provides an attractive combination of top-line growth, margin expansion, and scaling free cash flow generation The company's streaming market share has been growing steadily, and with it, the advertising revenue as well. Like a handful of other streaming stocks, ROKU's bull thesis also relies on its advertising revenue, and once investors start seeing that slow down, the stock could fall even further. Overall, ROKU ranks 1st on our list of advertising & media stocks that could tank if recession hits. While we acknowledge the potential of ROKU 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 ROKU 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.
Globe and Mail
31-03-2025
- Business
- Globe and Mail
1 Wall Street Analyst Thinks Roku Is Going to $100. Is It a Buy Around $78?
In a number of ways, Roku (NASDAQ: ROKU) has the makings of a market-beating growth stock. The company is the leading streaming distribution platform in North America. When viewers in the U.S., Mexico, and Canada tune in to watch Netflix or another streaming service, they are more likely to use a Roku-enabled device than any other. This shows that the company has defended its market share against competition from big tech companies like Amazon, Alphabet, and Apple. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » However, the stock's performance has clearly been underwhelming. After a surge during the pandemic shutdowns, Roku gave back all those gains in the 2022 bear market, and has essentially traded sideways during the bull market of the last two years, underperforming the market. Roku has delivered consistent top-line growth, but it's been unable to convert that into profits, and the company is still losing money on a generally accepted accounting principles (GAAP) basis. However, one Wall Street analyst sees things turning up for Roku. Bank of America calls Roku a buy Bank of America analyst Brent Navon reinstated coverage on Roku last Thursday with a buy rating and price target of $100, implying 28% upside to the stock. According to media reports, the bank believes the streaming platform is set to enter a new stage of operations. In fact, Roku did say that it expects to generate an operating profit in 2026. Is Roku a buy? Roku's stock popped after its last earnings report, although it's given up most of those gains since then. The company is showing progress toward profitability, and it continues to deliver solid growth. It grew streaming households by 12% over the past year to 89.8 million, and streaming hours rose 18% to 34.1 billion. Overall revenue rose 22% to $1.2 billion, although that was aided by the political advertising season. Investors may be fed up with being patient with the stock, but Roku is moving in the right direction. If it can maintain its growth rate while achieving operating profit, the stock should hit $100 and beyond. Don't miss this second chance at a potentially lucrative opportunity 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 $284,402!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $41,312!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $503,617!* 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 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Bank of America is an advertising partner of Motley Fool Money. Jeremy Bowman has positions in Amazon, Bank of America, Netflix, and Roku. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Bank of America, Netflix, and Roku. The Motley Fool has a disclosure policy.
Yahoo
31-03-2025
- Business
- Yahoo
1 Wall Street Analyst Thinks Roku Is Going to $100. Is It a Buy Around $78?
In a number of ways, Roku (NASDAQ: ROKU) has the makings of a market-beating growth stock. The company is the leading streaming distribution platform in North America. When viewers in the U.S., Mexico, and Canada tune in to watch Netflix or another streaming service, they are more likely to use a Roku-enabled device than any other. This shows that the company has defended its market share against competition from big tech companies like Amazon, Alphabet, and Apple. However, the stock's performance has clearly been underwhelming. After a surge during the pandemic shutdowns, Roku gave back all those gains in the 2022 bear market, and has essentially traded sideways during the bull market of the last two years, underperforming the market. Roku has delivered consistent top-line growth, but it's been unable to convert that into profits, and the company is still losing money on a generally accepted accounting principles (GAAP) basis. However, one Wall Street analyst sees things turning up for Roku. Bank of America analyst Brent Navon reinstated coverage on Roku last Thursday with a buy rating and price target of $100, implying 28% upside to the stock. According to media reports, the bank believes the streaming platform is set to enter a new stage of operations. In fact, Roku did say that it expects to generate an operating profit in 2026. Roku's stock popped after its last earnings report, although it's given up most of those gains since then. The company is showing progress toward profitability, and it continues to deliver solid growth. It grew streaming households by 12% over the past year to 89.8 million, and streaming hours rose 18% to 34.1 billion. Overall revenue rose 22% to $1.2 billion, although that was aided by the political advertising season. Investors may be fed up with being patient with the stock, but Roku is moving in the right direction. If it can maintain its growth rate while achieving operating profit, the stock should hit $100 and beyond. 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 $284,402!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $41,312!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $503,617!* 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 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Bank of America is an advertising partner of Motley Fool Money. Jeremy Bowman has positions in Amazon, Bank of America, Netflix, and Roku. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Bank of America, Netflix, and Roku. The Motley Fool has a disclosure policy. 1 Wall Street Analyst Thinks Roku Is Going to $100. Is It a Buy Around $78? was originally published by The Motley Fool Sign in to access your portfolio
