Latest news with #CoryCarpenter
Business Insider
02-08-2025
- Business
- Business Insider
Roblox (RBLX) Gets a Buy from J.P. Morgan
J.P. Morgan analyst Cory Carpenter maintained a Buy rating on Roblox on July 31 and set a price target of $150.00. The company's shares closed yesterday at $125.03. 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. Carpenter covers the Communication Services sector, focusing on stocks such as Roblox, Roku, and Take-Two. According to TipRanks, Carpenter has an average return of -2.3% and a 38.01% success rate on recommended stocks. In addition to J.P. Morgan, Roblox also received a Buy from Needham's Bernie McTernan in a report issued yesterday. However, on the same day, Barclays maintained a Hold rating on Roblox (NYSE: RBLX). Based on Roblox's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.04 billion and a GAAP net loss of $215.06 million. In comparison, last year the company earned a revenue of $801.3 million and had a GAAP net loss of $270.6 million Based on the recent corporate insider activity of 242 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 RBLX in relation to earlier this year. Most recently, in June 2025, David Baszucki, the President & CEO of RBLX bought 3.00 shares for a total of $301.32.
Yahoo
27-06-2025
- Business
- Yahoo
The 5 Most Interesting Analyst Questions From Roku's Q1 Earnings Call
Roku's first quarter results for 2025 were met with a negative market reaction, as investors focused on the company's mixed performance versus Wall Street expectations. Management pointed to the ongoing shift from linear TV to streaming as a key driver, highlighting strong growth in total hours streamed and progress in diversifying revenue streams across advertising and subscriptions. CEO Anthony Wood explained that investments in programmatic advertising and deepening integrations with third-party demand-side platforms (DSPs) supported ad revenue growth, even as advertisers became more selective and sought higher returns on investment. The acquisition of Frndly, a streaming subscription bundle, was cited as a step toward expanding recurring revenue and strengthening the platform's competitive position. Is now the time to buy ROKU? Find out in our full research report (it's free). Revenue: $1.02 billion vs analyst estimates of $1.01 billion (15.8% year-on-year growth, 1.5% beat) Adjusted EBITDA: $56.02 million vs analyst estimates of $60.43 million (5.5% margin, 7.3% miss) Revenue Guidance for Q2 CY2025 is $1.07 billion at the midpoint, below analyst estimates of $1.09 billion EBITDA guidance for the full year is $350 million at the midpoint, above analyst estimates of $337.7 million Operating Margin: -5.7%, up from -8.2% in the same quarter last year Total Hours Streamed: 35.8 billion, up 5 billion year on year Market Capitalization: $12.27 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Cory Carpenter (JPMorgan) asked about Roku's confidence in reiterating full-year guidance given macro uncertainty. CEO Anthony Wood and CFO Dan Jedda cited platform diversification and secular streaming trends as supporting factors. Brent Navon (Bank of America) inquired about Roku's ability to buffer against further macro deterioration. Jedda responded that ongoing advertising and subscription initiatives should help offset potential headwinds, but acknowledged the company is not immune to major downturns. Vasily Karasyov (Cannonball Research) questioned the incrementality of programmatic revenue. President Charlie Collier explained that while some revenue comes from shifting direct buyers, new partnerships and self-service tools are bringing in incremental demand. Laura Martin (Needham) probed the rationale behind the Frndly acquisition and the company's use of first-party data. Wood and Collier detailed Frndly's growth potential and explained the focus on leveraging proprietary data to enhance advertising performance rather than selling it directly. Matt Thornton (FBN Securities) asked about the impact of tariffs on device margins and the inclusion of Frndly in guidance. Ozgen detailed the company's manufacturing agility and Jedda confirmed Frndly's contribution was assumed in guidance. Looking ahead, the StockStory team will be watching (1) the pace of ad revenue growth as programmatic buying becomes a larger share of the mix, (2) the integration and growth trajectory of Frndly and its impact on recurring revenue, and (3) the effectiveness of Home Screen enhancements in driving engagement and monetization. Execution against tariff mitigation strategies and continued growth in streaming households will also be important signposts. Roku currently trades at $86.08, up from $67.30 just before the earnings. Is there an opportunity in the stock?Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. 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
03-06-2025
- Business
- Yahoo
Which Internet Software Stocks Is JP Morgan Bullish On?
JP Morgan analyst Cory Carpenter named Take-Two Interactive Software (NASDAQ:TTWO) and Xometry (NASDAQ:XMTR) as top picks within the internet small and mid-cap (SMID) and video games sectors. As part of a wider reassessment of the internet SMID and video games sectors, this modification by JP Morgan encapsulates their latest industry analysis and projections. The key conclusion of this assessment is that small-cap internet stocks continue to underperform significantly, marking the fifth consecutive year of this this, the sector shows some resilience with the median covered company projected to grow revenue by 9% and maintain a 20% EBITDA margin in 2025, with all companies now adjusted EBITDA profitable, the analyst observed in the report. A notable finding is the potential positive impact of the App Store ruling on companies like Match Group (NASDAQ:MTCH) and Bumble (NASDAQ:BMBL), which may result in some fee relief. While overall estimates for 2025 have seen slight downward revisions, the report highlights specific opportunities and dislocations, such as Take-Two Interactive as a top pick due to the anticipated GTA VI release, and identifies Roku, Inc. (NASDAQ:ROKU) and Xometry as companies with stock dislocations worth watching. Carpenter maintained an Overweight rating on Take-Two Interactive with a price forecast of $250 due to the highly anticipated GTA VI (May 2026), its status as the most anticipated video game release in history, and strong performance from NBA 2K and Zynga. While GTA VI delays pose a risk, the firm projects significant growth with $8.75 billion in bookings and $9 adjusted EPS in FY27, driven by GTA VI unit sales. The analyst has rated Xometry Overweight with a $38 price forecast, calling it a top small-cap pick. The custom manufacturing marketplace is seen as a clear leader in a growing online market, with accelerating revenue. Despite risks like manufacturing contraction, Xometry is projected for $595 million in marketplace revenue and $13 million adjusted EBITDA in 2025. Tariffs, supply chain uncertainty, and onshoring should accelerate share gains, as per the analyst. He increased the price forecast from $36 to $38. Carpenter also increased the price forecast for Roblox Corp. (NYSE:RBLX) (from $80 to $100), citing beat and raise first-quarter and strong second-quarter intra-quarter trends. The analyst raised the price forecast on Roku, Inc. from $75 to $85, citing China tariff relief and platform revenue upside potential. He boosted the price forecast on Applovin Corp. (NASDAQ:APP) from $355 to $400, citing a first-quarter beat, app store ruling, and self-serve catalyst. Carpenter downgraded Bumble from Neutral to Underweight, maintaining a $5 price forecast, despite the stock's recent 50%+ surge since Liberation Day. The upgrade in profit, driven by cost cuts, offset weaker revenue. However, Carpenter anticipates accelerated declines in revenue and payers, citing worsening U.S. download trends. He expects margins to moderate as brand marketing resumes (i.e., another big upgrade seems unlikely) and notes continued challenges in the online dating sector, especially with Gen Z engagement. Tinder's turnaround is further along, yet Match Group shares are near all-time lows, reflecting industry-wide struggles. Read Next:Image via Shutterstock Date Firm Action From To Mar 2022 Deutsche Bank Initiates Coverage On Buy Mar 2022 BMO Capital Upgrades Market Perform Outperform Feb 2022 BMO Capital Maintains Market Perform View More Analyst Ratings for MTCH View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? TAKE-TWO INTERACTIVE (TTWO): Free Stock Analysis Report This article Which Internet Software Stocks Is JP Morgan Bullish On? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Bloomberg
03-06-2025
- Business
- Bloomberg
Stock Movers: Bumble, Dollar General, Pinterest
On this episode of Stock Movers: - Bumble shares (BMBL) fell on Tuesday after JPMorgan downgrades to underweight from neutral. Analyst Cory Carpenter says shares have rallied over 50% since President Donald Trump's 'Liberation Day' tariff announcements. - Dollar General shares (DG) rise after the retailer reported first-quarter profit and sales that topped expectations, and management boosted its comparable sales forecast for the full year, as well as the low end of its EPS target. Despite low-income shoppers feeling squeezed by inflation, Dollar General's sales have continued to increase, and its value-priced offerings may attract more customers during economic downturns. - Pinterest (PINS) gains after JPMorgan raises rating to overweight from neutral. A diversification of its advertising platform to provide full-funnel capabilities is supporting further revenue upside at the social media firm, says analyst Doug Anmuth.
CNBC
02-06-2025
- Business
- CNBC
These are JPMorgan's favorite stocks heading into June
JPMorgan added Rockstar Games parent-company Take-Two Interactive to its list of top stocks as June trading begins. The firm updates its analyst focus list each month. It is comprised of JPMorgan's top ideas for growth, income, short investment tactics and value. The June list, which includes just one addition and one stock removal, comes as investors continue to weigh macroeconomic concerns tied to tariffs and U.S. trade policy. Tensions between China and the U.S. were heightened to start the month, after Beijing on Monday pushed back against the Trump administration's accusations that it violated the Geneva trade agreement. Stocks were lower to start the month, as the tensions weighed on risk assets after a strong May . Take-Two Interactive stock has advanced more than 22% so far in 2025. The company continues to garner investor excitement over the forthcoming release of Grand Theft Auto VI, which is one of the company's premier video game franchises. The firm released the first trailer for GTA VI in 2023. This year, fans saw an extended trailer release, but the company pushed back the game's release to May 2026 from fall 2025. TTWO YTD mountain Take-Two Interactive stock in 2025. "TTWO is our top pick and we are adding to the analyst focus list with the highly anticipated Grand Theft Auto VI release one year away (May 2026)," analyst Cory Carpenter said. "Upcoming catalysts include additional game trailers, pre-orders, gameplay video, and announcements around the online and PC versions." Most analysts share Carpenter's optimistic view on Take Two. About 86% of analysts polled by FactSet have a buy rating on Take-Two stock, with the consensus price target implying 12% upside. Among the key holdovers from the previous edition of JPMorgan's list includes streaming giant Netflix . Shares have surged more than 35% in 2025. The firm has labeled Netflix as the de facto leader in the streaming sector, while also lauding the company's advertising efforts. Last month, analyst Douglas Anmuth went as far as to say Netflix is on its way to becoming "global TV." NFLX YTD mountain Netflix stock in 2025. Roughly 70% of analysts surveyed by FactSet have a buy rating on Netflix stock. However, the consensus price target calls for about 3% downside ahead. Other top picks that have remained on the JPMorgan list include Boeing and McDonald's , both of which are rated overweight.
