Latest news with #Laszczyk
Business Insider
3 days ago
- Business
- Business Insider
Goldman Sachs Remains a Hold on iHeartMedia (IHRT)
Goldman Sachs analyst Stephen Laszczyk maintained a Hold rating on iHeartMedia today. The company's shares closed today at $2.20. 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. Laszczyk covers the Communication Services sector, focusing on stocks such as iHeartMedia, IMAX, and Live Nation Entertainment. According to TipRanks, Laszczyk has an average return of 1.8% and a 58.97% success rate on recommended stocks. In addition to Goldman Sachs, iHeartMedia also received a Hold from TR | OpenAI – 4o's Jonah Airwyn in a report issued today. However, on August 1, J.P. Morgan reiterated a Sell rating on iHeartMedia (NASDAQ: IHRT). Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IHRT in relation to earlier this year. Most recently, in May 2025, KAMAKSHI SIVARAMAKRISHNAN, a Director at IHRT bought 1,017.00 shares for a total of $1,537.23.
CNBC
22-07-2025
- Business
- CNBC
Goldman recommends F1 racing stock, sees ‘outsized capital returns'
Investors seeking high returns on capital should look no further than Liberty Formula One , according to Goldman Sachs. The bank upgraded shares of the motorsport stock to a buy rating from hold. Analyst Stephen Laszczyk's price target of $120 represents a potential upside of 17% from the stock's Monday closing price. Shares of Liberty Formula One have rallied 12% this year. FWONK YTD mountain FWONK YTD chart In the Monday note, Laszczyk said that the company has a lot going for it. "High quality, execution based growth story with potential for outsized capital returns," he wrote. "We believe that Liberty Formula One, through its ownership of both Formula 1 and MotoGP racing leagues, offers investors a high quality way to gain exposure to the long-term secular growth trends in sports media as well as what we believe will become a strong capital returns story within media & entertainment." One of Liberty's big opportunities stems from the potential to deleverage its balance sheet over the next several years. "Our base case assumes that Liberty Formula One will maintain leverage at 2.5x by returning capital to shareholders via share repurchases," Laszczyk continued. "Under this scenario, we estimate that Liberty Formula One could return $6.2B to shareholders by 2030E, or ~25% of current market capitalization." Meanwhile, the analyst also sees upside to analyst consensus for Formula 1, writing that the Street seems to be underestimating the potential for increased monetization in the sponsorship category. This opportunity for Formula 1 to grow revenue faster than consensus expectations could last through 2028. Another catalyst comes from opportunity for growth at MotoGP, the foundation for Grand Prix motorcycle racing. Laszczyk believes that Liberty could similar meaningfully grow revenue in the medium-to-long term following a period of re-positioning and investment. "In our view, similar to how Liberty took 2+ years to start building momentum with partners for F1, we expect the MotoGP's growth story to play out over the medium-to-long term rather than provide a near-term catalyst for segment growth," he wrote. "MotoGP's clearest path for execution against improving race monetization will be via the globalization and possible expansion of its race calendar."
CNBC
01-07-2025
- Business
- CNBC
Magic: The Gathering card game will lead to even more gains for this toymaker, Goldman says
The strength of Hasbro's gaming portfolio is being overlooked by investors, according to Goldman Sachs. Analyst Stephen Laszczyk upgraded shares of the toymaker to buy from neutral and lifted his 12-month price target by $19 to $85. That suggests the stock could jump about 15.1% from Monday's close. "We believe Hasbro is well-positioned to exceed consensus expectations in 2026+ across revenue, adjusted EBITDA, and free cash flow," Laszczyk wrote in a Monday note to clients. He added that his 17.5x target price-to-earnings multiple is in line with where other scaled video game and digital media companies trade. The analyst's pointed to three factors driving his upgrade and price target hike: Magic: The Gathering's new Universes Beyond sets, which include card designs from Fortnite, Dungeons & Dragons and Marvel properties The company's self-published digital gaming strategy "Better-than-feared" performance from the toy business as tariff relief, market share growth and pricing insulate profitability HAS 1Y line Hasbro stock performance over the past year. Key to Laszczyk's investment thesis for Hasbro are his growth expectations for Wizards of the Coast (WOTC), which he expects to contribute the majority of Hasbro's EBITDA going forward as the company leans into digital gaming. He forecasts WOTC's revenue will see roughly 7% compound annual growth over the next five years — from $1.755 billion in 2025 to $2.454 billion in 2030. "We believe that long-term execution opportunities in the WOTC segment are underappreciated by the market, while near-term macro risks to profitability in the Consumer Products segment are overstated (as discussed within)," Laszczyk said. "As a result, we believe that shares currently offer investors an attractive risk-reward skew with a robust catalyst path over the next ~12 months." Laszczyk sees upside overall being driven by Hasbro's self-publishing games business, which he believes can contribute between $150 million and $300 million in revenue per game, or roughly $450 million annually, over the next 5 years. According to the analyst, Magic the Gathering will be Hasbro's first $1 billion brand driven by higher player volume, spend per player and increased app engagement. Hasbro is also a durable play compared to its peers, according to Laszczyk. "Hasbro benefits from a portfolio of strong IP (e.g., Transformers, Marvel, Monopoly, Magic The Gathering) and from one of the most flexible & strongest supply chains in the toy industry," he said. "Given these characteristics, we see Hasbro's significant scale as a key factor insulating the company from broader weakness in industry supply/demand." Hasbro shares rose nearly 2% in the premarket. Shares have been on fire this year, soaring 32% in that time.
