Latest news with #JohnBlackledge
Business Insider
6 days ago
- Business
- Business Insider
TD Cowen Keeps Their Buy Rating on Taboola.com (TBLA)
TD Cowen analyst John Blackledge reiterated a Buy rating on (TBLA – Research Report) today and set a price target of $4.00. The company's shares closed today at $3.56. Confident Investing Starts Here: Blackledge covers the Communication Services sector, focusing on stocks such as Alphabet Class C, Netflix, and Pinterest. According to TipRanks, Blackledge has an average return of 12.7% and a 58.66% success rate on recommended stocks. has an analyst consensus of Strong Buy, with a price target consensus of $3.84. The company has a one-year high of $4.30 and a one-year low of $2.50. Currently, has an average volume of 2.11M. Based on the recent corporate insider activity of 63 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 TBLA in relation to earlier this year.
Yahoo
23-05-2025
- Automotive
- Yahoo
Alphabet's Waymo to Reach $6 Billion in Bookings by 2034 According to TD Cowen
On May 22, TD Cowen analyst John Blackledge said that Alphabet Inc.'s (NASDAQ:GOOGL) autonomous vehicle ride-hailing service Waymo is projected to achieve a gross booking of $6.1 billion in 2034. Blackledge mentioned that Waymo was the clear U.S. leader in the sector. The analyst cited that Waymo is now worth 2% of Alphabet and has an individual valuation of approximately $60 billion. During the Q1 FY2025 earnings call, the management highlighted that Waymo is serving over 0.25 million paid passenger trips each week, which is 5 times higher than a year ago. On May 21, co-CEO Tekedra Mawakana told CNBC that Waymo has reached 10 million trips, doubling in the past five months. During Q1, Waymo launched its paid service in Silicon Valley through a partnership with Uber. The company expanded its services in Austin and plans for a public launch in Atlanta this year. Blackledge projects Waymo will experience its vehicle numbers grow to more than 3,500 by the end of 2026. The company plans to launch in at least two new cities per year in the U.S. between 2027 and 2029 and three new cities between 2030 and 2034, Blackledge added. With this strategic plan, the analyst anticipates Waymo's gross bookings to jump from $230 million in 2025 to $6.1 billion in 2034. Despite being bullish on Alphabet Inc.'s (NASDAQ:GOOGL) Waymo, Blackledge pointed out that the autonomous vehicle market was not a 'winner takes all' scenario. The analyst expects that Waymo's market growth would be driven partly by collaborations with its peers, such as Uber and Lyft. While we acknowledge the potential of GOOGL to grow, 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: and . Disclosure. None. 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
22-05-2025
- Automotive
- Yahoo
Alphabet's Waymo to Reach $6 Billion in Bookings by 2034 According to TD Cowen
On May 22, TD Cowen analyst John Blackledge said that Alphabet Inc.'s (NASDAQ:GOOGL) autonomous vehicle ride-hailing service Waymo is projected to achieve a gross booking of $6.1 billion in 2034. Blackledge mentioned that Waymo was the clear U.S. leader in the sector. The analyst cited that Waymo is now worth 2% of Alphabet and has an individual valuation of approximately $60 billion. During the Q1 FY2025 earnings call, the management highlighted that Waymo is serving over 0.25 million paid passenger trips each week, which is 5 times higher than a year ago. On May 21, co-CEO Tekedra Mawakana told CNBC that Waymo has reached 10 million trips, doubling in the past five months. During Q1, Waymo launched its paid service in Silicon Valley through a partnership with Uber. The company expanded its services in Austin and plans for a public launch in Atlanta this year. Blackledge projects Waymo will experience its vehicle numbers grow to more than 3,500 by the end of 2026. The company plans to launch in at least two new cities per year in the U.S. between 2027 and 2029 and three new cities between 2030 and 2034, Blackledge added. With this strategic plan, the analyst anticipates Waymo's gross bookings to jump from $230 million in 2025 to $6.1 billion in 2034. Despite being bullish on Alphabet Inc.'s (NASDAQ:GOOGL) Waymo, Blackledge pointed out that the autonomous vehicle market was not a 'winner takes all' scenario. The analyst expects that Waymo's market growth would be driven partly by collaborations with its peers, such as Uber and Lyft. While we acknowledge the potential of GOOGL to grow, 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: and . Disclosure. None. 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
Globe and Mail
08-05-2025
- Business
- Globe and Mail
Lyft Is About to Report Q1 Earnings. Here's What to Expect
Ride-hailing platform Lyft Inc. (LYFT) is scheduled to announce its results for the first quarter of 2025 after the market closes on Thursday, May 8. Investor sentiment for Lyft stock has improved ahead of the results, with the stock rising about 19% over the past month. Analysts expect Lyft to report Q1 2025 adjusted earnings per share (EPS) of $0.19, reflecting a nearly 27% year-over-year growth. Revenue is projected to rise about 15% to $1.47 billion. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Lyft reported a 15% rise in gross bookings in Q4 2024. Further, according to Main Street Data, Q4 active riders increased 10% year over year to 24.7 million. During the Q4 2024 conference call, management noted that while Q1 is traditionally the company's slowest quarter, they expect a healthy marketplace and market-leading service levels to drive year-over-year rides growth, driven by durable demand, a rise in active riders, and increased frequency. Analysts' Views Ahead of Lyft's Q1 Earnings Heading into Q1 2025 results, TD Cowen analyst John Blackledge reiterated a Hold rating on Lyft stock and lowered the price target to $12 from $14. The 5-star analyst said that he expects Lyft to report solid Q1 gross bookings but trimmed his Q2 estimates due to macro challenges. Blackledge expects Lyft to report a 14.8% rise in its Q1 revenue to $1.47 billion, reflecting a deceleration from 26.6% in Q4 2024 and 27.7% in Q1 2024. He expects the first quarter to see seasonally slow contribution from bikes and scooters, as witnessed in Q4 2024. The analyst expects Q1 2025 gross bookings to rise 12.7% to $4.16 billion, driven by continued robust rider demand, coming slightly above the midpoint of the company's guidance. However, Blackledge noted that the Q1 2025 gross bookings estimate reflects a 2.7% sequential decline, mainly due to seasonality. Meanwhile, reacting to Lyft's strategic acquisition of FreeNow, a European ride-hailing platform, from BMW Group / Mercedes-Benz Mobility for about $197 million, Cantor Fitzgerald analyst Deepak Mathivanan said that he views the deal and the company's move into Europe positively. That said, the 5-star analyst thinks that Lyft is likely to face strong competition from incumbents in the ride-hailing market in this region. Mathivanan has a Hold rating on LYFT stock with a price target of $14. Options Traders Anticipate a Major Move on Lyft's Q1 Earnings Using TipRanks' Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don't worry, the Options tool does this for you. Indeed, it currently says that options traders are expecting about a 14.8% move in either direction in Lyft stock in reaction to Q1 results. Is LYFT Stock a Buy, Sell, or Hold? Given macro challenges, concerns about autonomous vehicles, and competitive pressures, Wall Street is sidelined on Lyft stock, with a Hold consensus rating based on six Buys, 22 Holds, and one Sell recommendation. The average LYFT stock price target of $15.89 implies 23.3% upside potential. LYFT stock is flat on a year-to-date basis. See more LYFT analyst ratings This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
Yahoo
10-04-2025
- Business
- Yahoo
Analysts Stick With Bullish Calls on Netflix Ahead of Earnings
Netflix (NASDAQ:NFLX) is drawing positive attention from Wall Street analysts as it heads into its first-quarter 2025 earnings announcement, set for April 17. Despite a challenging macroeconomic environment shaped by ongoing tariff disputes, the streaming company's stock has climbed roughly 53% over the past year. Analysts are forecasting first-quarter earnings per share of $5.70, which would mark an 8% increase from the same quarter last year. Revenue is projected to rise 12% year over year to $10.5 billion. TD Cowen's John Blackledge reaffirmed his Buy rating on Netflix and maintained a $1,150 price target. He cited consistent member growth and results from a recent TD Cowen survey, which highlighted Netflix as the top streaming choice for household viewing. Blackledge said Netflix remains one of the most resilient companies in his coverage list, thanks to global content expansion and strong demand, adding that the firm isn't likely to see direct tariff-related disruptions. KeyBanc analyst Justin Patterson also stuck with a Buy rating, though he trimmed his price target to $1,000 from $1,100 due to adjusted EPS and valuation expectations. Still, Patterson emphasized Netflix's superior industry standing and long-term earnings potential, calling it one of his preferred subscription-based plays alongside Spotify (NYSE:SPOT). Morgan Stanley's Benjamin Swinburne echoed the optimism, reiterating his Buy rating and $1,150 target. Swinburne recently replaced Disney (DIS) with Netflix as his top pick in the media sector, calling the recent dip in Netflix shares an attractive entry point. This article first appeared on GuruFocus. Sign in to access your portfolio
