Latest news with #BrianPitz
Globe and Mail
2 days ago
- Business
- Globe and Mail
Uber Stock Is Still a ‘Top Pick,' Says BMO Capital Despite Tesla (TSLA) Robotaxi Jitters
Shares of ride-hailing and delivery giant Uber (UBER) fell roughly 5% in yesterday's trading. The decline follows news of Tesla's (TSLA) upcoming Robotaxi launch in Austin on June 12. Still, BMO Capital Top analyst Brian Pitz remains confident in Uber's long-term strategy and growth prospects. The five-star analyst sees the recent dip as a buying opportunity and reiterated his Outperform rating and $101 price target, calling Uber a 'Top Pick' in the sector. Confident Investing Starts Here: Uber's AV Plans and Valuation Signal Upside According to the analyst, the market has overreacted to Tesla's planned Robotaxi launch on June 12. Although the news drew headlines, Pitz notes that Tesla's rollout—limited to just 10–20 vehicles—is small when stacked against Uber's much larger plans. For instance, Uber's deal with Waymo, owned by Alphabet (GOOGL), will bring hundreds of autonomous cars to its app in the coming months. Uber also has active deals with May Mobility and China-based WeRide, which are set to roll out AVs (autonomous vehicle) in dozens of U.S. cities. BMO applauds Uber's move to ' drive international scale ' through its recent acquisition of Dantaxi, Denmark's largest taxi firm. The deal brings 3,500 drivers onto Uber's platform, and starting this summer, riders in Denmark will be able to book trips through the app. The firm expects this to 'increase adoption' by improving match rates and estimated time of arrivals (ETAs), while opening up more ways to use it at airports, during leisure activities, and for daily commutes. On the self-driving front, Pitz sees Uber as an AV winner. The company now works with more than 15 AV partners and plans to launch shared AV rides by 2026. These steps are already boosting usage in cities like Austin, where Uber sees steady demand. Importantly, BMO finds Uber's valuation compelling. With shares trading at 19x next-twelve-month (NTM) EBITDA, the stock is below its two-year forward average of 21x and significantly under the high end of 27x. That suggests meaningful upside potential if Uber continues to execute across global and autonomous growth areas. What Is the Prediction for UBER Stock? Overall, Wall Street is bullish on Uber Technologies' prospects, with a Strong Buy consensus rating based on 29 Buys and four Holds. The average UBER stock price target of $98.61 implies about 16.98% upside potential. See more UBER analyst ratings Disclaimer & Disclosure Report an Issue
Business Insider
3 days ago
- Automotive
- Business Insider
Uber Stock Is Still a ‘Top Pick,' Says BMO Capital Despite Tesla (TSLA) Robotaxi Jitters
Shares of ride-hailing and delivery giant Uber (UBER) fell roughly 5% in yesterday's trading. The decline follows news of Tesla's (TSLA) upcoming Robotaxi launch in Austin on June 12. Still, BMO Capital Top analyst Brian Pitz remains confident in Uber's long-term strategy and growth prospects. The five-star analyst sees the recent dip as a buying opportunity and reiterated his Outperform rating and $101 price target, calling Uber a 'Top Pick' in the sector. Confident Investing Starts Here: Uber's AV Plans and Valuation Signal Upside According to the analyst, the market has overreacted to Tesla's planned Robotaxi launch on June 12. Although the news drew headlines, Pitz notes that Tesla's rollout—limited to just 10–20 vehicles—is small when stacked against Uber's much larger plans. For instance, Uber's deal with Waymo, owned by Alphabet (GOOGL), will bring hundreds of autonomous cars to its app in the coming months. Uber also has active deals with May Mobility and China-based WeRide, which are set to roll out AVs (autonomous vehicle) in dozens of U.S. cities. BMO applauds Uber's move to ' drive international scale ' through its recent acquisition of Dantaxi, Denmark's largest taxi firm. The deal brings 3,500 drivers onto Uber's platform, and starting this summer, riders in Denmark will be able to book trips through the app. The firm expects this to 'increase adoption' by improving match rates and estimated time of arrivals (ETAs), while opening up more ways to use it at airports, during leisure activities, and for daily commutes. On the self-driving front, Pitz sees Uber as an AV winner. The company now works with more than 15 AV partners and plans to launch shared AV rides by 2026. These steps are already boosting usage in cities like Austin, where Uber sees steady demand. Importantly, BMO finds Uber's valuation compelling. With shares trading at 19x next-twelve-month (NTM) EBITDA, the stock is below its two-year forward average of 21x and significantly under the high end of 27x. That suggests meaningful upside potential if Uber continues to execute across global and autonomous growth areas. What Is the Prediction for UBER Stock? Overall, Wall Street is bullish on Uber Technologies' prospects, with a Strong Buy consensus rating based on 29 Buys and four Holds. The average UBER stock price target of $98.61 implies about 16.98% upside potential.
Yahoo
16-05-2025
- Business
- Yahoo
Netflix May Rerate on Accelerating Ad Revenues
Netflix (NASDAQ:NFLX) wins bullish reviews after its ad-supported tier hit 94 million monthly active usersup more than 20 million since November and soaring from 40 million in May 2024highlighting accelerating monetization of its $7.99 ad plan versus the $17.99 ad-free entry point. Evercore's Mark Mahaney reiterated a Buy rating with a $1,150 price target following Netflix's annual Upfront Presentation, where management showcased the ad tech platform rollout and new viewership data, while noting that ad viewers now watch 41 hours/month on AVOD. BMO Capital's Brian Pitz also stuck with Buy and a $1,200 target, citing positive second-half 2025 monetization tailwinds from the upcoming Ad Suite launch in EMEA and a planned 2026 rollout of AI-powered ad formats. Seaport Research's David Joyce lifted his target to $1,230, praising Netflix's in-house ad capabilities and flexibility across formats even as subscription price hikes and membership growth continue to underpin the majority of revenue. The FT-reported upgrades reflect growing confidence that Netflix can parlay ad traction into material revenue, offsetting subscriber-growth plateaus in mature markets. Analyst commentary underscored that with advertising now accounting for a growing share of overall ARPU, Netflix may unlock a multi-year ad-revenue catalyst. Why it matters: stronger ad-tier engagement and rising price targets suggest Netflix's valuation could re-rate as investors price in incremental revenue from AVOD. This article first appeared on GuruFocus. 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
Time of India
26-04-2025
- Business
- Time of India
GTA 6 hype pushes Take-Two stock to all-time high ahead of May earnings
Source: Rockstar Games Hype over Grand Theft Auto 6 has boosted Take-Two Interactive's stock price to a major degree. Take-Two shares reached an all-time high on Thursday as investors and fans eagerly await not just the forthcoming earnings report, but further information on the eagerly awaited game. Analysts anticipate that GTA 6 will be a key contributor to the success of the company in the future, and therefore the next few months are crucial for Take-Two. Take-Two stock reaches all-time high as GTA 6 hype increases Take-Two Interactive's (TTWO) stock gained 4.4% Thursday, finishing at $222.69 and peaking for the session at $224.43, an all-time high. The stock move comes amid building hype ahead of the company's May 15 fiscal fourth-quarter earnings release, as well as the expected launch of Grand Theft Auto 6. BMO Capital Markets analyst Brian Pitz reaffirmed his buy rating on Take-Two shares, with a price target of $240. He said that Take-Two has one of the healthiest game pipelines in the sector and cited GTA 6 as the one significant element that could drive earnings in fiscal 2026. Pitz is looking for the game to be reaffirmed for a fall 2025 release, with GTA 6 potentially being priced above prior games. Experts anticipate robust sales but caution about potential delays Pitz estimates that GTA 6 may sell as many as 45 million copies in its launch window. In case Take-Two sets the game's price tag over $70 — even $100, revenue can shoot even higher. Recent history, such as Nintendo charging $80 for Mario Kart World, suggests it is more probable. But there are some concerns. Benchmark analyst Mike Hickey noted that it has been more than 500 days since Rockstar Games dropped the initial GTA 6 trailer. The prolonged silence with no second trailer or additional updates has given rise to rumors about potential delays, although Rockstar and Take-Two still officially target a fall 2025 release. Take-Two's strong stock performance is a testament to how much confidence investors have in GTA 6's success. Although delays are a concern for some, the majority of analysts are hopeful that the game will hit its target release window. With the May earnings call looming, investors and fans are eagerly waiting for any fresh news from Take-Two and Rockstar. Also Read: GTA 6 trailer hits milestone with 250 million views amid ongoing silence
