Latest news with #Evercore
Yahoo
7 hours ago
- Business
- Yahoo
Evercore upgrades Block on lower lending risk and steady consumer trends
-- Evercore ISI upgraded shares of Block Inc to Outperform from In Line citing reduced risk in Cash App lending, solid low-end consumer trends, and promising product and sales also raised its price target to $75 from $58, implying about 21% upside. The firm said initial concerns over aggressive lending following Block's first-quarter earnings have eased. Evercore believes Block's lending strategy is more balanced than feared, with a diversified risk profile and controlled expansion, especially within Cash App Borrow. Evercore also noted that low-end consumer spending remains stable, supported by steady unemployment deposits and consistent payment activity. This follows management commentary in May that Cash App gross profit growth improved to 13% year-over-year in April, up from 7% in March. The analysts highlighted recent product launches at Square, including new hardware and a consolidated app, as positive signs of improved development efficiency following an internal reorganization. Additionally, Evercore pointed to early success in revamping sales efforts under Nick Molnar, noting progress in tele-sales and field sales teams. These go-to-market changes, combined with product improvements, are seen as setting up Square for stronger growth. Despite a recent bounce in shares, Block shares are still down 27% year-to-date, and Evercore views the stock as attractively valued relative to peers and historical multiples. Related articles Evercore upgrades Block on lower lending risk and steady consumer trends RBC on Reddit: Sees early stages of a shift to the 'World Wide Website' JP Morgan upgrades Pinterest on engagement gains, attractive valuation
Yahoo
a day ago
- Business
- Yahoo
Netflix (NFLX) Price Target Lifted to $1,350 by Evercore
Netflix (NFLX, Financials) got a fresh vote of confidence from Evercore ISI, which raised its price target to $1,350 from $1,150 while keeping an Outperform rating. Shares are trading around $1,185just shy of their 52-week high of $1,215.91 and about 15% below the new target. The call is backed by updated U.S. and U.K. survey work and a forward-looking valuation model. Netflix has climbed 83% over the past year, with a market cap north of $504 billion. Shares now trade at 38 times projected 2026 EPS of $31, which raises some valuation flagsbut not enough to dent Evercore's bullish stance. Netflix still holds less than 10% of a $650 billion global entertainment market (excluding China and Russia), leaving plenty of room to grow. Rising margins and free cash flow could pave the way for buybacks or even a dividend. Analysts also highlighted Netflix's $7.99 ad-supported plan as a smart option in a tougher economy. The company is rolling out its own ad tech by June 2025 and expects to double ad revenue next year. TD Cowen bumped its target to $1,325, citing growth in ad-tier users. JPMorgan, however, lowered its rating to Neutral, even as it raised the target to $1,220. Loop Capital stayed cautious, holding its $1,000 target and noting rich valuation despite strong content and ad tools. On the content side, Netflix is bringing Sesame Street to its lineup, with both classic and new episodes arriving later this year. This article first appeared on GuruFocus.
Yahoo
a day ago
- Business
- Yahoo
Netflix (NFLX) Price Target Lifted to $1,350 by Evercore
Netflix (NFLX, Financials) got a fresh vote of confidence from Evercore ISI, which raised its price target to $1,350 from $1,150 while keeping an Outperform rating. Shares are trading around $1,185just shy of their 52-week high of $1,215.91 and about 15% below the new target. The call is backed by updated U.S. and U.K. survey work and a forward-looking valuation model. Netflix has climbed 83% over the past year, with a market cap north of $504 billion. Shares now trade at 38 times projected 2026 EPS of $31, which raises some valuation flagsbut not enough to dent Evercore's bullish stance. Netflix still holds less than 10% of a $650 billion global entertainment market (excluding China and Russia), leaving plenty of room to grow. Rising margins and free cash flow could pave the way for buybacks or even a dividend. Analysts also highlighted Netflix's $7.99 ad-supported plan as a smart option in a tougher economy. The company is rolling out its own ad tech by June 2025 and expects to double ad revenue next year. TD Cowen bumped its target to $1,325, citing growth in ad-tier users. JPMorgan, however, lowered its rating to Neutral, even as it raised the target to $1,220. Loop Capital stayed cautious, holding its $1,000 target and noting rich valuation despite strong content and ad tools. On the content side, Netflix is bringing Sesame Street to its lineup, with both classic and new episodes arriving later this year. 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
Yahoo
4 days ago
- Business
- Yahoo
UiPath Tops Q1, Raises FY26 Guidance
UiPath (NYSE:PATH) climbed about 13% premarket after its Q1 results and updated guidance offered a refreshed riskreward backdrop. The company posted ARR of $1.693 billion, up 12% year-over-year, and projected FY 2026 revenue of $1.5491.554 billion versus the $1.52 billion consensus. CEO Daniel Dines hailed the launch of its agentic automation platform as one of the most important and successful product introductions in our history, and highlighted a multiyear, multimillion-dollar deal with a Fortune 15 health company alongside new AI partnerships. Warning! GuruFocus has detected 3 Warning Sign with PATH. CFO Ashim Gupta said macro and FX headwinds remain minimal after adjusting revenue linearity. Evercore raised its price target to $15 (In Line), citing solid Q1 execution in a choppy backdrop, while Wells Fargo kept an Equal Weight rating and lifted its target to $12. Investors should care because UiPath is proving it can beat low expectations even amid macro uncertainty, and accelerating agentic automation adoption could drive renewed momentum and bigger enterprise deals. With PATH set to update on FCF and ARR progress throughout the year, markets will watch for sustained outperformance, improving NRR and further proof points around its AI-driven RPA strategy. 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
Yahoo
4 days ago
- Business
- Yahoo
UiPath Tops Q1, Raises FY26 Guidance
UiPath (NYSE:PATH) climbed about 13% premarket after its Q1 results and updated guidance offered a refreshed riskreward backdrop. The company posted ARR of $1.693 billion, up 12% year-over-year, and projected FY 2026 revenue of $1.5491.554 billion versus the $1.52 billion consensus. CEO Daniel Dines hailed the launch of its agentic automation platform as one of the most important and successful product introductions in our history, and highlighted a multiyear, multimillion-dollar deal with a Fortune 15 health company alongside new AI partnerships. Warning! GuruFocus has detected 3 Warning Sign with PATH. CFO Ashim Gupta said macro and FX headwinds remain minimal after adjusting revenue linearity. Evercore raised its price target to $15 (In Line), citing solid Q1 execution in a choppy backdrop, while Wells Fargo kept an Equal Weight rating and lifted its target to $12. Investors should care because UiPath is proving it can beat low expectations even amid macro uncertainty, and accelerating agentic automation adoption could drive renewed momentum and bigger enterprise deals. With PATH set to update on FCF and ARR progress throughout the year, markets will watch for sustained outperformance, improving NRR and further proof points around its AI-driven RPA strategy. 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
