Latest news with #DougAnmuth
Business Insider
2 days ago
- Business
- Business Insider
Chewy (CHWY) Receives a Rating Update from a Top Analyst
J.P. Morgan analyst Doug Anmuth reiterated a Buy rating on Chewy (CHWY – Research Report) today and set a price target of $36.00. The company's shares closed today at $47.49. 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 Anmuth covers the Communication Services sector, focusing on stocks such as Alphabet Class C, Meta Platforms, and Alphabet Class A. According to TipRanks, Anmuth has an average return of 21.2% and a 63.49% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chewy with a $42.30 average price target, a -10.93% downside from current levels. In a report released on May 30, Bank of America Securities also reiterated a Buy rating on the stock with a $49.00 price target. CHWY market cap is currently $19.76B and has a P/E ratio of 52.57.
CNBC
5 days ago
- Business
- CNBC
JPMorgan upgrades this social media stock, says it can rally 25%
JPMorgan has a plethora of reasons for moving off the sidelines on Pinterest . Analyst Doug Anmuth upgraded shares of the visual search platform to overweight from neutral and lifted his price target by $5 to $40. With that refreshed target, Anmuth sees the stock rallying 25.4% from Monday's close. "Given solid execution, potential upside to estimates, & what we believe remains lukewarm market positioning, we view the risk/reward on PINS as favorable," Anmuth wrote to clients in a Tuesday note. Anmuth pointed out that the majority of monthly active users and revenue are tied to the mobile app, which can limit downside from disruptions to search platforms like Google. Pinterest also has advertising abilities that can allow it to close what he called a gap between value creation and value capture, the analyst said. On the finance front, Anmuth said Pinterest is near the low end of its three-to-five year adjusted EBITDA margin target set at the company's 2023 investor day. Additionally, he said there's more upside potential given faster revenue growth and a pattern of spending discipline. Anmuth also called the stock's valuation "undemanding." He noted shares trade at 13 times 2026 free cash flow estimates and 12 times 2026 expected adjusted EBITDA. With the upgrade, Anmuth joined the majority of Wall Street with a buy-equivalent rating, per LSEG. PINS YTD mountain Pinterest, year-to-date Shares popped more than 4% in Tuesday's premarket trading following the call. The stock has gained about 10% this year, but is still well off its February highs.
CNBC
29-05-2025
- Automotive
- CNBC
This tech stock is the big winner so far this quarter — and analysts see more to come
Analysts are raising their forecasts on Uber Technologies stock by an outsized margin compared to peer tech names. CNBC Pro scanned the S & P 500 to find stocks where analysts have grown increasingly bullish since the start of what's proven a tumultuous second quarter, and Uber stuck out. Specifically, the stock has seen its average price target increase 8% since the start of the second quarter on April 1. Shares have advanced 22% in that time, through Wednesday, and up nearly 47% in 2025. Analysts cite both strong demand for Uber's core ride-sharing business as a reason for optimism, while also pointing to future growth opportunities thanks to the company's investments in autonomous driving and its partnership with Waymo, Alphabet 's self-driving car project. UBER YTD mountain Uber stock in 2025. "Importantly, we expect the AV [autonomous vehicle] narrative for Uber to continue to improve as the launch [with] Waymo in Austin proves out higher utilization & scope expands, & we anticipate similar early progress soon in Atlanta," JPMorgan analyst Doug Anmuth wrote in a May 20 note. "While there is still a long way to go, we believe Uber is becoming an increasingly valuable partner to AV tech providers as both a demand & utilization platform, as well as a fleet operator, as evident in its series of recent AI alliances." Anmuth's $105 per share price target implies about 19% upside from Wednesday's $88.26 close. Waymo began offering robotaxi rides in Austin, Texas earlier this year, with the Google-backed company utilizing the Uber app to hail the cars. Uber no longer has a dedicated autonomous driving segment in 2020, with the firm instead now opting to combine its application platform with Waymo's physical robotaxi technology. Elsewhere, TD Cowen analyst John Blackledge upped his price target to $104 per share from $96 in a note last week, implying about 18% upside from Wednesday's close. While the analyst similarly views autonomous driving as a long-term growth driver for the ride-sharing segment, Uber should be one of larger beneficiaries. While human drivers won't be displaced anytime soon, Uber benefits from offering both options, Blackledge said. "Near to medium-term, we believe that the optimal mix of rideshare vehicles in a given market implies human drivers should comprise the majority share (vs AVs), largely reflecting the highly variable nature of rideshare demand," TD Cowen said. "This near-term dynamic favors rideshare platforms such as Uber and Lyft (which can offer riders both AV and human-led ride options) vs a pure-play AV rideshare network."
Yahoo
23-05-2025
- Business
- Yahoo
Alphabet (GOOGL) Rated Overweight, JPMorgan Sets $195 Target on AI Strength
We recently published a list of . In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOGL) stands against other AI stocks on analysts' radar. The recently imposed US sanctions on chip use have angered China. In recent news, the country has stated that it may take legal action against any individual or organization who are found assisting or implementing U.S. measures that advise companies against using their advanced semiconductors. According to the U.S. published guidance, companies risk violating export controls if found using Ascend AI chips from Shenzhen-based Huawei. In response, China's commerce ministry said there could be 'corresponding legal liabilities' against those involved in implementing U.S. measures and that it constitutes 'discriminatory restrictive measures' against Chinese firms. READ ALSO: and . The sanctions are seemingly a new strategy adopted by the US to curb China's progress in the AI arms race. The world is yet to watch the success of this strategy as opposed to the AI diffusion rule imposed earlier, which the world came to know had failed miserably after the arrival of DeepSeek. Even Jensen Huang has deemed the AI diffusion rule to be a failure. 'All in all, the export control was a failure. The fundamental assumptions that led to the AI diffusion rule in the beginning, in the first place, has been proven to be fundamentally flawed.' In fact, the sales block advanced AI chips to China, forcing companies to buy semiconductors from Chinese designers. It also pushed the country to invest aggressively in a robust supply chain that doesn't rely on manufacturers outside the country. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Pixabay/Public DomainAlphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On May 21, JPMorgan analyst Doug Anmuth reiterated an 'Overweight' rating and $195.00 price target on the stock. Doug highlighted the company's strong position in the AI sector as a reason behind the optimism. The company's advancements in artificial intelligence, especially through its Gemini platform, are leading the industry. Even Google CEO Sundar Pichai opened his keynote at the I/O conference, stating how 'Every day is Gemini season at Google.' Google has sound execution capabilities, as evident by how fast it is bringing AI-driven features to the market. Moreover, the company adopts a comprehensive approach to artificial intelligence, placing it well against competitors. Its leadership in AI technology is evident through Google's foundational models and their adoption. With the stock's current trading price presenting a discount compared to historical averages, the stock presents a potentially attractive entry point for investors. Overall, GOOGL ranks 2nd on our list of AI stocks on analysts' radar. While we acknowledge the potential of GOOGL 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 GOOGL and that has 100x upside potential, 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.
Yahoo
20-05-2025
- Business
- Yahoo
J.P. Morgan Sees Long-Term Growth For Uber Technologies (UBER), Reiterates Buy Rating
On May 20, J.P. Morgan analyst Doug Anmuth reiterated a Buy rating on Uber Technologies, Inc. (NYSE:UBER) and raised the price target to $105 from $92. The upgrades come after the company has signed multiple partnerships since the start of 2025 to advance its autonomous vehicle ambition. A close up view of a hand holding a smartphone, using a ride sharing app. Anmuth met the management of Uber Technologies, Inc. (NYSE:UBER) noting that the company remains on track or ahead of the 3-year target, which is to grow Gross Bookings by mid-high teens, maintain a healthy 30% to 40% EBITDA growth, and achieve 90% conversion of EBITDA to free cash flow through 2026. During the fiscal first quarter of 2025, the company grew its Gross Bookings by 14% year-over-year to reach $42.8 billion. Whereas, the adjusted EBITDA grew by 35% during the same time to $1.9 billion. Anmuth anticipates the company to continue delivering strong, profitable growth from its core business while investing in long-term growth opportunities. Moreover, the analyst also noted that he sees Uber Technologies, Inc.'s (NYSE:UBER) autonomous vehicle narrative improving, reflected by the launch with Alphabet Inc.'s (NASDAQ:GOOGL) Waymo in Austin. The lunch continues to achieve higher utilization with significant scope expansion. Anmuth projects similar launches in Atlanta. The analyst acknowledged the long road ahead for the company, however, he believes Uber Technologies, Inc. (NYSE:UBER) is becoming a valuable partner for autonomous vehicle technology providers. This is reflected by the series of industry partnerships, since the start of this month, including those with May Mobility, Momenta, WeRide, and Pony AI. While we acknowledge the potential of UBER 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 UBER and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None
