Latest news with #KenGawrelski
Business Insider
4 days ago
- Business
- Business Insider
Alphabet Class A (GOOGL) Receives a Hold from UBS
In a report released today, Stephen Ju from UBS maintained a Hold rating on Alphabet Class A, with a price target of $202.00. The company's shares closed yesterday at $201.96. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Ju covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Alphabet Class C. According to TipRanks, Ju has an average return of 13.0% and a 52.87% success rate on recommended stocks. In addition to UBS, Alphabet Class A also received a Hold from Wells Fargo's Ken Gawrelski in a report issued yesterday. However, on the same day, Needham maintained a Buy rating on Alphabet Class A (NASDAQ: GOOGL). Based on Alphabet Class A's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $96.43 billion and a net profit of $28.2 billion. In comparison, last year the company earned a revenue of $84.74 billion and had a net profit of $23.62 billion
Yahoo
10-07-2025
- Business
- Yahoo
Wells Fargo Maintains Buy rating on Pinterest (PINS) Stock
Pinterest, Inc. (NYSE:PINS) is one of the Analyst Ken Gawrelski of Wells Fargo maintained a 'Buy' rating on the company's stock with a price objective of $42.00. The analyst's rating is supported by the combination of factors, which include an optimistic outlook for its financial performance. As per the analyst, Pinterest, Inc. (NYSE:PINS) can see a modest rise in revenue and EBITDA for Q2 2025, thanks to the robust user engagement and advertising momentum, primarily in the UCAN region. A young, stylish woman using her smartphone to find inspiration for her latest DIY project. Furthermore, the stabilization of the tariff environment can also contribute positively to revenue growth in Q3 2025. Pinterest, Inc. (NYSE:PINS)'s capability to enhance margins and manage costs effectively was also highlighted. Also, the return of cross-border e-commerce advertisers as well as growth in monthly active users continue to strengthen the favourable outlook. Pinterest, Inc. (NYSE:PINS)'s AI advancements continue to help users take action and make more intentional shopping decisions. For Q2 2025, the company expects revenue of between $960 million – $980 million, demonstrating 12% – 15% growth YoY. Also, it anticipates Q2 2025 adjusted EBITDA of between $217 million – $237 million. Renaissance Investment Management, an investment management company, released its Q4 2024 investor letter. Here is what the fund said: 'We made several changes to the portfolio in the fourth quarter. Most recently, we added a new position in the Communication Services sector in December with Pinterest, Inc. (NYSE:PINS), a leading visual search and discovery platform with a unique curation function that enables users to find and display new ideas and creations that focus on interests such as fashion and home décor among other consumer goods. Since 2022, a new management team has transformed Pinterest into a shopping platform, providing more value and capabilities to advertisers including direct connection with users, resulting in higher profits. In addition, the company was an early adopter of AI to increase personalization, advertising relevance options, and automated processes to increase ease-of-use for smaller advertisers. In the near term, we expect Pinterest to see monetization improvements with upside to Average Revenue Per User (ARPU) and traction in new categories and international markets.' While we acknowledge the potential of PINS 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: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now 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
Globe and Mail
09-07-2025
- Business
- Globe and Mail
Wells Fargo Reaffirms Their Hold Rating on Amazon (AMZN)
Wells Fargo analyst Ken Gawrelski maintained a Hold rating on Amazon yesterday and set a price target of $238.00. The company's shares closed yesterday at $223.47. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Gawrelski covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Match Group. According to TipRanks, Gawrelski has an average return of 15.5% and a 64.34% success rate on recommended stocks. Amazon has an analyst consensus of Strong Buy, with a price target consensus of $245.71. Based on Amazon's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $155.67 billion and a net profit of $17.13 billion. In comparison, last year the company earned a revenue of $143.31 billion and had a net profit of $10.43 billion
Business Insider
09-07-2025
- Business
- Business Insider
Amazon Stock (AMZN) Slips as Investors Worry that Prime Day Sales May Disappoint
E-commerce giant Amazon (AMZN) is seeing its stock fall at the time of writing after a report from Momentum Commerce stated that Prime Day sales dropped by 14% during the first four hours compared to the same time last year. This drop might be because Amazon doubled the length of Prime Day this year, stretching it to four days, which could have spread out customer spending. Another factor may be that fewer deals went live right at the beginning, which likely reduced the sense of urgency among consumers. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Interestingly, this slower start contrasts with earlier predictions that Prime Day sales would grow by double digits this year. Amazon hasn't yet responded directly to the report, but in an earlier statement, a company spokesperson said that Amazon is continuing to support its many different sellers during a changing retail environment. The company also said that it remains committed to offering customers low prices and a wide selection of products. Even with the early sales dip, analysts at Wells Fargo still see strong potential in Amazon's stock. Indeed, they called it one of the best short-term opportunities among big internet companies ahead of second-quarter earnings. As a result, Wells Fargo, led by five-star analyst Ken Gawrelski, raised its 2025 and 2026 revenue forecasts by 1%, partly because of a helpful boost from currency exchange rates. The firm also raised its price target on the stock to $238. What Is the Price Target for AMZN Stock? Turning to Wall Street, analysts have a Strong Buy consensus rating on Amazon stock based on 45 Buys and one Hold assigned in the past three months. Furthermore, the average AMZN stock price target of $245.48 per share implies 11.1% upside potential from current levels.
Yahoo
07-07-2025
- Business
- Yahoo
Why Uber (UBER) Stock Is Up Today
Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER) jumped 3.3% in the afternoon session after Wells Fargo analyst raised the price target on the company's stock. Wells Fargo analyst Ken Gawrelski reiterated an "Overweight" rating on Uber and increased the price target to $120 from $100, suggesting a potential 24.86% upside from the previous closing price. This bullish outlook from a major financial institution signals confidence in Uber's growth prospects and market expansion potential. The move reflects growing optimism on Wall Street, where the majority of analysts covering the stock maintain a "buy" or equivalent rating. After the initial pop the shares cooled down to $96.48, up 3.2% from previous close. Is now the time to buy Uber? Access our full analysis report here, it's free. Uber's shares are very volatile and have had 21 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. Uber is up 52.7% since the beginning of the year, and at $96.48 per share, has set a new 52-week high. Investors who bought $1,000 worth of Uber's shares 5 years ago would now be looking at an investment worth $2,939. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. 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
