Latest news with #Global-eOnline
Yahoo
20-05-2025
- Business
- Yahoo
Shopify (NasdaqGS:SHOP) Added To NASDAQ-100 Index Following Positive Developments
Shopify recently gained attention with its addition to the NASDAQ-100 Index on May 19, a move that likely bolstered its standing among investors. Over the past month, the company's shares rose by about 30%, a significant contrast to the broader market's smaller growth. This jump was potentially influenced further by a strategic three-year partnership with Global-e Online, announced in mid-May, which aims to enhance international e-commerce operations. Despite a reported net loss in financial performance, these strategic moves seemed to reinforce investor confidence, contributing to the company's robust share price growth. You should learn about the 2 warning signs we've spotted with Shopify. AI is about to change healthcare. These 21 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. The addition of Shopify to the NASDAQ-100, alongside its new alliance with Global-e Online, might serve as a crucial catalyst for its broader growth strategy. Despite recent gains, Shopify's share value stands at a discount of 5.08% to the consensus price target of US$114.64. This relationship implies potential upside, should the strategic developments bolster their revenue and earnings forecasts effectively. Investors appear to be supportive of the initiatives aiming to enhance international e-commerce operations and expand Shopify's influence in the global market. Over the past three years, Shopify's total return was very large, indicating a robust long-term performance despite recent volatility. For context, this impressive growth contrasts with a more recent one-year performance where Shopify outperformed the US IT industry, which grew by 28.9%. This trend highlights Shopify's capacity to sustain momentum amidst competitive market pressures. The revenue and earnings forecasts reflect expansion ambitions, projecting annual growth rates exceeding US market averages. However, these optimistic forecasts depend on successful execution of initiatives like AI investments and broader strategic partnerships. Aligning these outcomes with the current price target suggests that despite the company's aggressive growth objectives, investor expectations remain tempered by potential execution risks. Gain insights into Shopify's outlook and expected performance with our report on the company's earnings estimates. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:SHOP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
26-03-2025
- Business
- Yahoo
Wingstop initiated, CarMax upgraded: Wall Street's top analyst calls
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The 5 Upgrades: Stephens upgraded CarMax (KMX) to Overweight from Equal Weight with a price target of $90, up from $86, ahead of the company's Q4 report due on April 10. The firm cites valuation now being in-line with long-term averages, and an analysis of both real-time unit sales and credit metrics that give it comfort in its calendar 2025 estimates. BofA double upgraded Playtika (PLTK) to Buy from Underperform with a price target of $6.50, up from $6. Given an all-time high next twelve months free cash flow yield of 21% and a dividend yield of 9%, the firm thinks downside to the shares is limited and believes a "share price dislocation" has been driven by the exit of a large shareholder in a low trading liquidity, concerns that Playtika's transition to growth has taken too long and investor preference for mobile ad networks assets over publishers. Morgan Stanley upgraded Global-e Online (GLBE) to Overweight from Equal Weight with a price target of $46, down from $55. The firm believes investor expectations have moderated to a more reasonable level, and it likes Global-e Online's "achievable" growth targets and "cheap optionality" in Morgan Stanley upgraded Range Resources (RRC) to Equal Weight from Underweight with a price target of $49, up from $40. The company initiated a three-year outlook targeting capital efficient production growth, delivering 20% higher volumes by 2027, the firm tells notes. Baird upgraded Waters (WAT) to Outperform from Neutral with a price target of $407, up from $396. The firm has "incremental confidence" in the company's refreshed long-term outlook following the investor day and believes its positive replacement cycle commentary will likely support near-term momentum. Top 5 Downgrades: Susquehanna downgraded J.B. Hunt (JBHT) to Neutral from Positive with a price target of $165, down from $200. The firm is cautious into the spring, saying the truckload cycle will likely get worse before it gets better. BWG Global downgraded its view of Enphase Energy (ENPH) to Negative from Mixed, citing solar inverter checks that point to unit orders during Q1 below installers' December expectations. Piper Sandler downgraded Westlake (WLK) to Neutral from Overweight with a price target of $120, down from $135. The firm says Westlake's midcycle earnings power is lower than previous expectations. Jefferies downgraded ArcelorMittal (MT) to Hold from Buy with an unchanged price target of $33. The firm now expects a period of share price consolidation in the near term, saying Mexico and Canada uncertainty remains. Morgan Stanley downgraded Cemex (CX) to Equal Weight from Overweight with a price target of $13, down from $14. The firm cites the uncertain macro backdrop and growing evidence of capex deceleration in Mexico for the downgrade. Top 5 Initiations: Wells Fargo initiated coverage of Wingstop (WING) with an Overweight rating and $270 price target. While a tough industry backdrop, weak first half of 2025 comps, and a "growthy" valuation multiple present near-term hurdles for the shares, there is a re-rate potential into "much easier" second half of 2025 compares, the firm tells investors in a research note. Wells Fargo initiated coverage of Shake Shack (SHAK) with an Equal Weight rating and $95 price target. The firm believes expectations are high, creating risk to Street estimates. Wells Fargo initiated coverage of Dutch Bros (BROS) with an Overweight rating and $80 price target. Dutch Bros is among the best consumer growth stories, with a "disruptive" strategy, sizable white space, margin upside, and comp drivers over 2025 and 2026, the firm tells investors in a research note. Morgan Stanley initiated coverage of Universal Health (UHS) with an Equal Weight rating and $200 price target. The firm likes the company's leadership in inpatient behavioral health but says uncertainty around potential government spending cuts is a near-term overhang on the shares. Morgan Stanley initiated coverage of Tenet Healthcare (THC) with an Overweight rating and $165 price target. The firm says the company's "significant" business model and balance sheet transformation has yet to be captured in the stock's multiple. Sign in to access your portfolio
