Latest news with #MarkMahaney
CNBC
3 days ago
- Business
- CNBC
Evercore ISI hikes Netflix price target, says stock can march to new heights thanks to live events
Netflix can continue to march higher even as the stock already trades at record levels, according to Evercore ISI. Analyst Mark Mahaney maintained his outperform rating on the streaming giant and raised his price target by $200 to $1,350, which suggests nearly 14% potential upside ahead. Shares hit an all-time high this week, bringing their year-to-date gains to nearly 32%. Mahaney's bullish sentiment on Netflix comes after Evercore ISI ran its 54th quarterly U.S. survey and 15th annual UK survey, which received roughly 1,300 respondents in each market. From the survey results, Mahaney observed live events to be a key driver for Netflix. A record high of 53% of U.S. respondents said they have watched live events on Netflix, and 50% said they would be likelier to keep their subscription if more live events were included. "Increasing adoption and attraction of Live Events is providing early evidence of 'Bundle Power,'" Mahaney wrote in a Thursday note to clients. "Remember how much you paid for your cable bundle? We don't either, but we guarantee it was a lot more than the $24.99 Netflix currently offers for its Premium Plan. And as Netflix continues to enlarge its content offering – adding in Live Events for e.g. – its ability to raise prices will increase." NFLX 1Y mountain Netflix stock performance. Mahaney added that the survey results pointed to greater satisfaction levels from Netflix subscribers, and flat viewing trends for the second quarter while other streaming peers saw modest decline. Netflix was also a favorite for its content among the respondents. It ranked the best in terms of content quality according to more than 40% of U.S. respondents and 67% of UK respondents, keeping its competitive leadership over Amazon Prime Video and Disney's Hulu, Mahaney noted. Netflix's bet on live events has so far paid off. The company added a record 19 million subscribers globally in the fourth quarter, aided by its streaming of a highly-anticipated boxing match between Jake Paul and Mike Tyson —which became the most-streamed sporting event in history — as well as two NFL games on Christmas Day. Netflix boasted strong revenue growth during the first quarter of 2025, even after hiking its subscription prices for its three plans. The company is targeting a $1 trillion market capitalization and doubling its revenue by 2030. Evercore ISI is one of several Wall Street firms that remain bullish on the stock. Of the 55 analysts covering Netflix, 37 rate it a strong buy or buy, according to LSEG.
CNBC
21-05-2025
- Business
- CNBC
Google's AI announcements has analysts excited about the tech giant's path ahead
Alphabet's latest artificial intelligence offering has analysts on Wall Street standing by their optimistic view of the stock. The company unveiled a suite of AI-powered tools at its Google IO developer conference on Tuesday that are available via $249.99 per month subscription called "Google AI Ultra ." The service includes higher usage limits, which will allow users to access the full capability of Google's large language model Gemini, as well as new initiatives like its AI film making tool Flow and 30 terabytes of storage. The plan also includes a YouTube Premium subscription. The rollout comes as Alphabet is racing to further monetize AI products and services. Head of product incubator Google Labs and the Gemini app Josh Woodward labeled the suite as the "VIP pass for Google AI." GOOGL 1D mountain Alphabet stock on Wednesday. Here's what analysts on Wall Street are saying on the heels of the Google IO event. Shares were marginally higher in premarket trading on Wednesday. Evercore ISI, outperform rating, $205 per share price target Analyst Mark Mahaney's price target calls for more than 25% upside from Tuesday's $163.98 close. "We don't believe there will be only one AI winner, but we think Google has successfully proven that it will remain a leader in the AI race. Our two biggest takeaways from this I/O are: 1) Google continues to show a high level of innovation across all fronts; and 2) AI Overviews boosting 'overview-type' search queries by roughly 10% in the U.S. and India suggests to us that instead of disrupting Google Search, AI may actually accelerate it," the analyst said. Morgan Stanley, overweight rating, $185 per share price target Analyst Brian Nowak's price target implies nearly 13% upside for Alphabet stock. "We believe the value of scaled first party data and distribution is higher than ever ... and GOOGL I/O showcased how the company intends to leverage its leading user bases and distribution to drive next generation more personalized 'search,' and agentic experiences," Nowak said. "With time, we see these offerings leading to incremental sources of consumer utility, commercial query volume and monetization for GOOGL." Bank of America, buy rating, $200 per share price target Analyst Justin Post posited that Google's race to catch its peers in the large language model race may be ending for the firm. His $200 per share price target calls for about 22% upside. "Given [third-party] benchmarks, and slowing LLM innovation, we think the catch-up phase for Google's LLM capabilities is coming to an end," the analyst said. Citizens, market perform rating, no price target Analyst Andrew Boone said that Google's latest AI push doesn't provide enough of a tailwind to offset potential concerns from its antitrust troubles as well as declining search queries. "While we come away from I/O believing search is able to increasingly cover more queries and tasks, the monetization required of Google's distribution contracts (including Apple's) and from public investors leads us to believe Google will continue to offer an inferior search product to ChatGPT's as we worry that Google search revenue faces headwinds over the next few years," the analyst said. Citi, buy rating, $200 per share price target Citi analyst Ronald Josey said that Google's I/O can separate itself from rising competition by defining itself by personalizing user experiences. "With AI Mode going live in the U.S., the Gemini App reaching 400M MAUs [monthly active users] (vs. ~350M in March), and AI Overviews delivering query growth, we believe GOOGL's product cadence and user adoption of newer tools is ramping which should provide some stability for Search growth," the analyst said. "The core underlying theme of I/O, in our view, was the focus on creating a more personalized user experience as Google builds out the Agentic experience on Mariner, Astra, and Gemini App products and launches its version of AI glasses." Goldman Sachs, buy rating, $220 per share price target Goldman's forecast implies roughly 34% upside for Alphabet stock. "We came away from the keynote presentation increasingly constructive on Alphabet's long-term strategic positioning across many end-markets (both consumer & enterprise-facing; search & non-search) and continue to see the company as the leading collection of AI/machine learning-driven businesses in our coverage universe," analyst Eric Sheridan said.
Yahoo
16-05-2025
- Business
- Yahoo
Netflix May Rerate on Accelerating Ad Revenues
Netflix (NASDAQ:NFLX) wins bullish reviews after its ad-supported tier hit 94 million monthly active usersup more than 20 million since November and soaring from 40 million in May 2024highlighting accelerating monetization of its $7.99 ad plan versus the $17.99 ad-free entry point. Evercore's Mark Mahaney reiterated a Buy rating with a $1,150 price target following Netflix's annual Upfront Presentation, where management showcased the ad tech platform rollout and new viewership data, while noting that ad viewers now watch 41 hours/month on AVOD. BMO Capital's Brian Pitz also stuck with Buy and a $1,200 target, citing positive second-half 2025 monetization tailwinds from the upcoming Ad Suite launch in EMEA and a planned 2026 rollout of AI-powered ad formats. Seaport Research's David Joyce lifted his target to $1,230, praising Netflix's in-house ad capabilities and flexibility across formats even as subscription price hikes and membership growth continue to underpin the majority of revenue. The FT-reported upgrades reflect growing confidence that Netflix can parlay ad traction into material revenue, offsetting subscriber-growth plateaus in mature markets. Analyst commentary underscored that with advertising now accounting for a growing share of overall ARPU, Netflix may unlock a multi-year ad-revenue catalyst. Why it matters: stronger ad-tier engagement and rising price targets suggest Netflix's valuation could re-rate as investors price in incremental revenue from AVOD. This article first appeared on GuruFocus. 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
13-05-2025
- Business
- Globe and Mail
Analysts Offer Insights on Technology Companies: Lyft (LYFT), MACOM Technology Solutions Holdings (MTSI) and RingCentral (RNG)
Analysts have been eager to weigh in on the Technology sector with new ratings on Lyft (LYFT – Research Report), MACOM Technology Solutions Holdings (MTSI – Research Report) and RingCentral (RNG – Research Report). 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 (LYFT) Evercore ISI analyst Mark Mahaney maintained a Hold rating on Lyft on May 9 and set a price target of $15.00. The company's shares closed last Friday at $16.65. According to Mahaney is a 5-star analyst with an average return of 15.4% and a 55.5% success rate. Mahaney covers the Technology sector, focusing on stocks such as WEBTOON Entertainment Inc, Uber Technologies, and Trade Desk. ;'> Lyft has an analyst consensus of Hold, with a price target consensus of $16.02, implying a 9.3% upside from current levels. In a report issued on May 9, Roth MKM also maintained a Hold rating on the stock with a $16.00 price target. MACOM Technology Solutions Holdings (MTSI) In a report issued on May 9, Mark Lipacis from Evercore ISI maintained a Buy rating on MACOM Technology Solutions Holdings, with a price target of $146.00. The company's shares closed last Friday at $118.08. According to Lipacis is a top 100 analyst with an average return of 20.7% and a 59.9% success rate. Lipacis covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Allegro MicroSystems, and GlobalFoundries Inc. ;'> MACOM Technology Solutions Holdings has an analyst consensus of Strong Buy, with a price target consensus of $141.11, a 16.9% upside from current levels. In a report issued on May 8, Needham also maintained a Buy rating on the stock with a $150.00 price target. RingCentral (RNG) In a report issued on May 9, Peter Levine from Evercore ISI maintained a Hold rating on RingCentral, with a price target of $30.00. The company's shares closed last Friday at $27.72, close to its 52-week low of $25.47. According to Levine is a 4-star analyst with an average return of 12.2% and a 55.8% success rate. Levine covers the Technology sector, focusing on stocks such as Zoom Video Communications, CrowdStrike Holdings, and Palo Alto Networks. ;'> The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RingCentral with a $33.31 average price target, a 24.1% upside from current levels. In a report issued on May 8, Morgan Stanley also maintained a Hold rating on the stock with a $29.00 price target.
Wall Street Journal
13-05-2025
- Business
- Wall Street Journal
Meta Shares Rise as Tariff Overhang Clears for Asia-Based Advertisers
Meta's stock had a good day. Shares of the Facebook parent closed up nearly 8% after President Trump said the U.S. and China reached a deal to temporarily roll back tariffs. The social-media giant's chief financial officer said last month that the company had seen reduced ad spending from Asia-based e-commerce retailers in April. More than 10% of Meta's revenue came from China in 2024. Mark Mahaney, head of Evercore ISI's Internet research team, said the stock was up because uncertainty with its China business was the main tariff concern the company mentioned on its most recent earnings call.
