Latest news with #MichaelFunk
Globe and Mail
18-07-2025
- Business
- Globe and Mail
Bank of America Securities Keeps Their Buy Rating on American Tower (AMT)
In a report released today, Michael Funk from Bank of America Securities reiterated a Buy rating on American Tower, with a price target of $255.00. The company's shares closed yesterday at $223.36. 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. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Funk is an analyst with an average return of -7.6% and a 41.38% success rate. Funk covers the Technology sector, focusing on stocks such as Autodesk, AST SpaceMobile, and CCC Intelligent Solutions Holdings. The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Tower with a $246.25 average price target, a 10.25% upside from current levels. In a report released on July 9, Citi also maintained a Buy rating on the stock with a $260.00 price target. The company has a one-year high of $243.56 and a one-year low of $172.51. Currently, American Tower has an average volume of 2.46M.
Business Insider
15-07-2025
- Business
- Business Insider
Autodesk (ADSK) Receives a Hold from Bank of America Securities
Bank of America Securities analyst Michael Funk reiterated a Hold rating on Autodesk yesterday and set a price target of $330.00. The company's shares closed yesterday at $294.55. 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. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Funk covers the Technology sector, focusing on stocks such as Autodesk, CCC Intelligent Solutions Holdings, and Guidewire. According to TipRanks, Funk has an average return of -7.8% and a 39.31% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Autodesk with a $345.11 average price target, which is a 17.17% upside from current levels. In a report released on July 8, Morgan Stanley also downgraded the stock to a Hold with a $290.00 price target.
Yahoo
10-07-2025
- Business
- Yahoo
BofA Reinstates Coverage of Verizon Communications (VZ) with a Neutral Rating
Verizon Communications Inc. (NYSE:VZ) is one of the . On July 7, BofA analyst Michael Funk reinstated coverage of Verizon Communications Inc. (NYSE:VZ) with a Neutral rating and a $45 price target. A smiling customer receiving customer contact center solutions on their smartphone. The firm told investors that it anticipates reduced promotional intensity from Verizon Communications Inc. (NYSE:VZ) as compared to its peers, which is 'financially prudent.' However, it also stated that it presents risk to reporting of consensus net add forecasts. The analyst further stated that the upcoming Frontier Communications acquisition is free cash flow dilutive, which may present a risk to consensus FCF forecasts once closed. Verizon Communications Inc. (NYSE:VZ) provides communications, information, and entertainment services and products. Its operations are divided into the Consumer and Business segments. The Consumer segment manages consumer-focused wireline and wireless communication products and services. In contrast, the Business segment focuses on services and products such as data, FWA broadband, video and conference services, corporate networking solutions, and more. While we acknowledge the potential of VZ 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right 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
Yahoo
10-07-2025
- Business
- Yahoo
Telecom Stocks Are No Longer One-Size-Fits-All, Analyst Says — Here's Which Company Stands Out
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. BofA Securities analyst Michael J. Funk reinstated coverage with a Buy rating on T-Mobile US Inc (NASDAQ:TMUS) and separate company notes. The telecom industry is often viewed as homogeneous. Still, Funk noted that AT&T (NYSE:T), rated as a Buy with a price target of $32; T-Mobile, rated Neutral with a price target of $255 and Verizon Communications Inc. (NYSE:VZ), rated Neutral with a price target of $45, have unique characteristics tied to strategy, M&A, metric prioritization and return on capital The analyst recommended a perceptive approach that prioritizes multiple expansion opportunities, return on capital, a well-defined fiber or wireless convergence strategy and estimates with greater upside potential than downside risk. Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — He noted that telecom stocks are under-owned by institutional investors and overlooked as being in a sleepy, mature industry. However, since 2023, T-Mobile has posted a total return of 53%, AT&T logged 84% and Verizon fell short of the S&P 500 by 800bp at 27%, Funk wrote. Thus, the analyst said that company-specific factors, rather than industry strength or macro, are growing in importance as competition increases and strategies diverge. AT&T has the most excellent flexibility to compete effectively and return capital, which he noted as the best opportunity to drive stock performance. Funk noted that AT&T also offers the highest projected return on capital — dividends and buybacks in 2026 — at 7.2% of market cap. The analyst noted that T-Mobile's focus on net addition targets, coupled with a premium valuation, leaves less room for positive estimate revisions and multiple expansions. He said Verizon is balancing responsible growth and protecting its premium subscriber base. Funk said its proposed acquisition of Frontier Communications adds execution uncertainty and should initially pressure free cash integrity is being tested, and competitive intensity is increasing, per the analyst. He noted that telcoms are expanding their broadband footprints through fiber builds, M&A, joint ventures and fixed wireless access (FWA). Funk noted that cable companies are signaling greater competition as they defend broadband markets and strive for broadband or wireless convergence. Consequently, the analyst noted fewer opportunities for price increases to be prevalent and drive growth in the price times quantity equation. He said handset subsidies and buyout offers may increase as carriers and cable companies seek to catalyze churn, grow subscribers and lock in stickier converged customers. Funk said executive and legislative actions, such as immigration and bonus depreciation, are tangential factors for telcom stock performance. The analyst noted the bonus tax depreciation passage was positive for AT&T and Verizon and neutral for T-Mobile. He estimated that reinstating bonus depreciation would increase AT&T's 2026E and 2027E free cash flow by 21% and 26%, respectively. Immigration reform is a drag on wireless but is manageable, said Funk. The analyst estimated the immigration reform risk to be at least 2.1 million potential subscribers. However, he noted the risk is contained as 20% or less of subscribers at AT&T, T-Mobile and Verizon are prepaid, and deep-value Mobile Virtual Network Operator (MVNO) brands are most likely to face material subscriber loss. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo: Shutterstock This article Telecom Stocks Are No Longer One-Size-Fits-All, Analyst Says — Here's Which Company Stands Out originally appeared on Sign in to access your portfolio
Yahoo
07-06-2025
- Business
- Yahoo
BofA Reiterates Buy Rating on Asana (ASAN), Lowers PT to $21
On June 4, Bank of America Securities analyst Michael Funk reiterated a Buy rating for Asana, Inc. (NYSE:ASAN), reducing the price target to $21 from $23. The analyst based the rating on the company's future prospects and financial performance, as reported in the fiscal Q1 2026 earnings released on June 3. The analyst reasoned that despite a minute drop in revenue guidance led by macroeconomic challenges, the company's financial results exceeded expectations in terms of operating margin and revenue. A financial professional at his desk, working intently on his wealth management software. Revenue for the quarter underwent a 9% year-over-year growth to $187.3 million, while Q1 GAAP operating margin improved 15 percentage points year-over-year. Asana, Inc. (NYSE:ASAN) also reported its first positive non-GAAP operating margin in company history, expanding non-GAAP operating margin by 1,300 basis points year over year. According to the analyst, these trends indicate the company's potential to effectively manage profitability, which is a positive sign for investors. The Asana AI Studio is also showing promising potential, as it exceeded the $1 million ARR threshold. The analyst expects it to be a prominent growth driver in the fiscal year's latter half, further supporting the Buy rating. While we acknowledge the potential of ASAN 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term 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
