Latest news with #JoshuaReilly
Yahoo
10-08-2025
- Business
- Yahoo
Needham Lifts Axon Enterprise, Inc. (AXON)'s Price Target To $870, Maintains Buy Rating
Axon Enterprise, Inc. (NASDAQ:AXON) is among the 11 Best Large Cap Defense Stocks to Buy According to Analysts. On August 5, Needham analyst Joshua Reilly raised the stock's price target to $870 from $820, while maintaining a Buy rating for its shares. A close up of the hand of a financial analyst, holding a copy of a report from a rating agency. The adjustment follows the company's second-quarter earnings call on August 4, with reported revenue beating consensus estimates by 420 basis points. Axon Enterprise, Inc. (NASDAQ:AXON) posted earnings per share of $2.12, comfortably surpassing expectations of $1.45 per share. Reilly noted the robust performance delivered by Axon Enterprise, Inc. (NASDAQ:AXON)'s new and existing products during the quarter. The Needham analyst also highlighted potential growth catalysts during the second half of the fiscal year, as Bodycam, TASER, and software products gain greater interest from countries in Europe. Axon Enterprise, Inc. (NASDAQ:AXON) is a technology company in global public safety. The stock has surged in 2025, with year-to-date gains of over 45%. Wall Street analysts expect the momentum to continue with an average share price upside potential of nearly 12%. While we acknowledge the potential of AXON 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: 10 Best Low Priced Defense Stocks to Buy Now and 10 Best Aerospace Stocks to Buy Now. 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
23-05-2025
- Business
- Yahoo
Needham Turns Bullish on Zoom (ZM) – The AI Edge That Could Fuel Growth
We recently published a list of . In this article, we are going to take a look at where Zoom Video Communications, Inc. (NASDAQ:ZM) stands against other best AI stocks on latest news and ratings. A close-up of a hand using a laptop to control an immersive video meeting. Zoom Video Communications, Inc. (NASDAQ:ZM) is a communications technology company popularly known for its video conferencing application called Zoom. On May 22, analyst Joshua Reilly at Needham adjusted his rating from Hold to 'Buy' with a revised price target of $100. According to the firm, Zoom is at a significant turning point due to easing revenue headwinds from Online, peaking dilution from stock-based compensation, and decreased share count with buybacks moving forward. The analyst further noted that Zoom's pricing power may be returning due to the new embedded AI functionality and that the company is 'well positioned for new products driven by AI to begin moving the needle on growth.' Overall, ZM ranks 8th on our list of best AI stocks on latest news and ratings. While we acknowledge the potential of ZM 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 ZM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 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
16-05-2025
- Business
- Yahoo
Twilio's AI Push, Microsoft Partnership Spark Analyst Optimism
Needham analyst Joshua Reilly maintained a Buy rating on Twilio (NYSE:TWLO) and reiterated the $125 price forecast on Friday. Over the last couple of days, Reilly attended the Twilio Signal customer conference in San Francisco and came away incrementally positive about the company's products, solutions, and customer relationships. Overall, feedback from partners and customers highlighted the platform's increasing usage and complimentary reviews on the product analyst's partner discussions indicated an increasing pipeline of projects while they manage a more efficient implementation process utilizing AI. He noted the company's strategic positioning to boost cross-selling, emphasizing that the recently announced Microsoft Corp. (NASDAQ:MSFT) partnership will drive greater platform usage. The collaboration with Microsoft delivers key functionalities, including capabilities for building multi-channel AI agents for automating and improving customer engagement, AI agents that assist live agents in the contact center via enhanced Twilio Agent Copilot capabilities, and multi-modal solutions for enhancing and improving digital interactions between businesses and customers. Reilly remained bullish on Twilio's valuation, conservative second-half revenue assumptions, and cross-sell momentum, maintaining the shares as his Conviction Pick for 2025. With Twilio having cleaned up many of its operational challenges over the past 24 months, the analyst noted that the focus moving forward is on the product, and customers will benefit. A key challenge for customers is implementing email (Sendgrid), messaging, and CDP, which are essentially three separate platforms on which the customer receives three separate bills. Reilly noted the company is working to streamline the billing process to make bundling easier and improve the customer experience process. While developing billing systems takes time, whether building a custom solution or implementing packaged software, he anticipates a hybrid approach. CDP currently operates on a subscription model, while other services are usage-based. Given the trend of vendors like Zuora integrating subscription and usage-based billing, a packaged software solution could be beneficial. However, the analyst expects the net benefit to be faster quoting of bundling, and accelerate the pace of cross-selling, but that could be 12-18 months away. In conjunction with its customer event, Twilio announced a product partnership with Microsoft focused on their Conversational AI offerings. At Signal 2025, Twilio also launched several new products and solutions, with Verify and Lookup reported as particularly popular based on customer feedback. Another key product item discussed at the conference was the general availability of ConversationRelay. Based on his customer discussions, Reilly noted that the net takeaway for investors is that they can sell ROI-driven solutions, and they are margin accretive. Management's investor Q&A on the first day further underscored this point, with several key insights emerging. Discussions with management allowed the analyst to explore the projected trajectory of voice volumes in the coming years, suggesting a potential for growth significantly exceeding 2024 levels for several years. Reilly also observed sustained bullishness among partners and customers regarding the Twilio platform, coupled with existing budget allocations for cross-selling initiatives. He noted that Twilio's business model insulates the company from headwinds other software vendors will face when transitioning from seat to usage-based pricing. Reilly projected fiscal 2025 revenue of $4.82 billion and EPS of $4.45. TWLO Price Action: Twilio shares were trading higher by 1.88% to $116.38 at the last check on Friday. Read Next:Image by Tada Images via Shutterstock Date Firm Action From To Feb 2022 Mizuho Maintains Buy Feb 2022 Macquarie Maintains Outperform Feb 2022 Needham Maintains Buy View More Analyst Ratings for TWLO View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? TWILIO (TWLO): Free Stock Analysis Report This article Twilio's AI Push, Microsoft Partnership Spark Analyst Optimism originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
01-04-2025
- Business
- Yahoo
TechTarget Faces Macro Challenges And Valuation Compression, Analyst Cuts Price Forecast
Needham analyst Joshua Reilly reiterated a Buy rating on the shares of TechTarget Inc (NASDAQ:TTGT) and lowered the price forecast from $40.00 to $25.00. TechTarget is expected to align its FY25 guidance with consensus estimates of $512 million in revenue (3.4% adjusted Y/Y growth) and $98 million in adjusted EBITDA, said the analyst. Management is likely to remain cautious due to potential sales and marketing downturns and macroeconomic headwinds in early 2025. Integration progress and $25 million in cost synergies will be key topics, the analyst noted. Also Read: TechTarget is expected to report an in-line fourth-quarter, though management has not updated guidance to reflect one month of revenue from Informa Tech following the December 2nd merger. Consensus revenue estimates of $78.5 million appear accurate, with Informa Tech contributing about $20 million. Investors are likely focused on the timing of $25 million in cost synergies and the progress of Informa Tech's integration. They also seek clarity on how business segments will be structured. A new revenue segmentation may combine Brand & Content with Intent & Demand, while Intelligence & Advisory could be reported separately, aligning with the updated investor presentation, opined the analyst. TechTarget provides a unique B2B purchase intent marketing platform, leveraging first-party, privacy-compliant data from 150+ online properties. Growth drivers include expanding its total addressable market beyond marketing teams, increased first-party data from the BrightTALK acquisition for cross-selling, and a projected rebound in global IT spending. The updated price forecast is based on 17x EBITDA for the combined entity using consensus FY25 estimates. Price Action: TTGT shares traded lower by 4.12% at $14.20 at last check Tuesday. Read Next:Image via Shutterstock. Date Firm Action From To Feb 2022 Deutsche Bank Maintains Buy Feb 2022 Raymond James Maintains Outperform Nov 2021 Raymond James Maintains Outperform View More Analyst Ratings for TTGT View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article TechTarget Faces Macro Challenges And Valuation Compression, Analyst Cuts Price Forecast originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
