Latest news with #JMPSecurities
Yahoo
02-08-2025
- Business
- Yahoo
Iovance Biotherapeutics (IOVA): Promising TIL Therapy Gains Momentum Amid Funding Challenges
Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) is one of the penny stocks that will skyrocket. On July 15, Citizens JMP analyst Reni J. Benjamin reiterated a 'Market Perform' rating. The positive stance stems from the company delivering positive results from its real-world applications of Amtagvi therapy. A biopharmaceutical company executive signing a collaboration agreement with a partner. The test results showed a higher response rate than those observed in the C-144-01 trial. The results triggered accelerated approval for Amtagvi for advanced melanoma patients in the post-PD-1 setting. According to JMP Securities, the results demonstrate 'remarkable potential' for TIL therapy post checkpoint therapy. However, the research firm believes Iovance Biotherapeutics will need a significant capital infusion in the next six months to continue its operations. That's because it ended the first quarter with $366 million in cash and an expected cash burn of $300 million. Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) is a biotechnology company focused on developing and commercializing novel cell therapies for the treatment of cancer. Its primary approach involves using tumor-infiltrating lymphocytes (TIL) therapy, which harnesses a patient's immune cells to target and destroy cancer cells. While we acknowledge the potential of IOVA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 11 Defensive Stocks Billionaires are Buying amid US Trade Tariff Uncertainty. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
31-07-2025
- Business
- Yahoo
Alphabet (GOOGL): Outperform Rating Holds as AI Efforts Gain Traction
Alphabet Inc. (NASDAQ:GOOGL) is one of the . On July 28, JMP Securities reiterated its Market Outperform rating on the stock with a $225.00 price target. The rating affirmation follows Google's launch of Web Guide, an experiment by Search Labs that leverages AI to intelligently organize the search results page. According to the firm, Web Guide is likely the next iteration of Google search, following previous experiments like AI Overviews and AI Mode. The firm anticipates it to be an evolution of Google's efforts to improve the links section in search results. Pixabay/Public Domain The firm further noted how Google has been cautious with its adoption of the AI Mode, reflecting on how the company has been balancing search monetization with engagement. This may be because AI Mode likely monetizes at a lower rate in comparison to traditional search. Moreover, while Google is likely to have strong near-term results driven by its superior commercial search capabilities compared to ChatGPT, there may be some challenges, such as the antitrust trial penalties and improving e-commerce experiences from competitors. Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
28-07-2025
- Business
- Yahoo
Why Duolingo (DUOL) Stock Is Falling Today
What Happened? Shares of language-learning app Duolingo (NASDAQ:DUOL) fell 6.9% in the morning session after JMP Securities lowered its price target on the stock, citing concerns about slowing user engagement ahead of the company's second-quarter earnings report. The investment firm JMP Securities reduced its price target to $450 from $475, pointing to third-party data that indicated a slowdown in user engagement and platform activity since April. This sentiment echoed concerns from other analysts, as JPMorgan had also previously lowered its price target on July 17 due to slowing growth in daily active users (DAUs). Data from Sensor Tower suggested that DAU growth decelerated to approximately 39% year-over-year in the second quarter, a noticeable drop from about 51% in the first quarter. Despite the target reduction, JMP Securities maintained its 'Market Outperform' rating, suggesting it viewed any potential stock weakness as a buying opportunity ahead of Duolingo's earnings report on August 6. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Duolingo? Access our full analysis report here, it's free. What Is The Market Telling Us Duolingo's shares are extremely volatile and have had 30 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 12 days ago when the stock dropped 4.2% after the stock continued its downtrend as investors weighed concerns over slowing user growth and the sustainability of its marketing-driven expansion. The language-learning app's stock has been under pressure with no specific company news released today. The negative sentiment appears to be a carryover from recent analyst commentary and bearish articles. Earlier in the month, on July 8, Morgan Stanley lowered its price target on the stock, citing a slowdown in U.S. daily active user growth following the company's "AI-First" initiative. Duolingo is up 3.1% since the beginning of the year, but at $335.83 per share, it is still trading 37.9% below its 52-week high of $540.68 from May 2025. Investors who bought $1,000 worth of Duolingo's shares at the IPO in July 2021 would now be looking at an investment worth $2,416. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. 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
14-07-2025
- Business
- Yahoo
Robinhood (HOOD) Stock Is Up, What You Need To Know
Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 3.2% in the morning session after JMP Securities significantly raised its price target on the financial services company. The investment firm boosted its price target to $125 from $70, representing a nearly 79% increase, while maintaining a "Market Outperform" rating on the stock. This move signals strong confidence from the analyst in the company's future performance and growth potential. The bullish sentiment from JMP Securities adds to a series of recent price target upgrades from other Wall Street firms, including Goldman Sachs and Cantor Fitzgerald, reflecting growing optimism around Robinhood's strategic initiatives. Analysts have pointed to the company's expansion into new products and its international growth, particularly the recent introduction of tokenized U.S. stocks for users in the European Union, as key drivers for future revenue. After the initial pop the shares cooled down to $99.27, up 0.9% from previous close. Is now the time to buy Robinhood? Access our full analysis report here, it's free. Robinhood's shares are extremely volatile and have had 57 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 12 days ago when the stock gained 7.7% as traders speculated that it could soon be added to the S&P 500. This speculation was fueled by the official close of Hewlett Packard Enterprise's acquisition of Juniper Network, which opened a spot in the index. Inclusion in the S&P 500 is highly sought after by companies because it often leads to increased demand for their stock from index funds and ETFs that track the S&P 500. Robinhood is up 152% since the beginning of the year, and at $99.27 per share, has set a new 52-week high. Investors who bought $1,000 worth of Robinhood's shares at the IPO in July 2021 would now be looking at an investment worth $2,851. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. 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
14-06-2025
- Business
- Yahoo
Caesars Entertainment (CZR) Shares Jump on 'Buy' Reco
We recently published a list of . In this article, we are going to take a look at where Caesars Entertainment, Inc. (NASDAQ:CZR) stands against other top-performing companies on Tuesday. Caesars Entertainment rallied by 5.7 percent on Tuesday to close at $28.26 apiece as investors cheered bullish outlooks from two investment companies. In a market note, TD Cowen reaffirmed its 'buy' recommendation and $40 price target on Caesars Entertainment, Inc.'s (NASDAQ:CZR) stock, underscoring the company's robust cash flow and digital potential. The figure represented a 41.5 percent upside from its latest closing price. Meanwhile, JMP Securities also maintained its 'market outperform' rating on Caesars Entertainment, Inc. (NASDAQ:CZR) at a price target of $45, representing a 59-percent premium of its closing price on Tuesday. Given the continued softening in summer bookings, JMP Securities was confident about Caesars Entertainment, Inc.'s (NASDAQ:CZR) pricing strategy for non-gaming business segments, which has already been successful in the past. A general view of a luxury resort casino, surrounded by a beautiful landscape and illuminated at night. Additionally, the convention and group outlook, which has seen a year-to-date increase of 2 percent, is expected to serve as a medium-term catalyst for the company, potentially reaching record levels by 2026. Caesars Entertainment, Inc. (NASDAQ:CZR) is a hotel and gambling operator that operates more than 50 properties. Overall, CZR ranks 7th on our list of top-performing companies on Tuesday. While we acknowledge the potential of CZR 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term 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. Sign in to access your portfolio
