Latest news with #MichaelMcGovern
CNBC
08-08-2025
- Business
- CNBC
Bank of America double upgrades LegalZoom on strong AI opportunity
Bank of America see significant upside ahead of hot AI stock LegalZoom . Analyst Michael McGovern upgraded the online legal services provider from underperform to buy and raised his price target by $4 to $12. His new target on the stock — which already is up 11.5% this year — suggests shares can jump 43%. Management "has executed a substantial portion of the shift toward Subscriptions, while also adding strategic AI collaborations," McGovern said in a Friday note as a top reason for his upgrade. McGovern highlighted LegalZoom's new partnerships with searchbots Perplexity and OpenAI's ChatGPT agent as moves that "create a new funnel of throughput" as AI usage simultaneously accelerates the use of legal services online. The collaborations also underscore the shifting role of AI as a longer-term opportunity for LegalZoom, even though an AI-native competitor could still be a threat to its business, he said. Another strong catalyst for LegalZoom's growth is its opportunity to see accelerating subscription growth, which has been in part due to bundling and strong renewal rates. "LZ can likely sustain double-digit subscription revenue well into next year, as revenue growth has significantly exceeded our expectations," McGovern said. "ARPU will also become a bigger contributor to Subscription Revenue growth function next year." LZ 1Y mountain LegalZoom stock over the past year. BofA remains positive on the stock story moving ahead, and believes LegalZoom can see multiple expansion given its already discounted multiple and solid free cash flow trajectory.
Yahoo
01-08-2025
- Automotive
- Yahoo
Why Shares of Carvana Are Surging This Week
Key Points Auto tariffs appear to have increased demand for used vehicles. Carvana's stock has been on a crazy ride since the pandemic. Wall Street analysts raised their price target on the name. 10 stocks we like better than Carvana › Since the close of trading last Friday, shares of the online used-car retailer Carvana (NYSE: CVNA) had surged roughly 11.4%, as of 10:26 a.m. ET today. The company reported strong second-quarter earnings this week and received several price target increases from Wall Street analysts. A boost from auto tariffs In the second quarter of 2025, Carvana reported $308 million of net income on total revenue of $4.8 billion. Profits are up more than fivefold on a year-over-year basis, while revenue surged 42%. During the quarter, Carvana sold an all-time high 143,280 retail units. "In April, we saw strong demand following the initial announcement of auto tariffs in late March, resulting in higher-than-normal April Retail GPU [gross profit per unit]. For the full quarter, we estimate that this transitory benefit positively impacted Q2 Retail GPU by ~$100," management said in its quarterly letter to shareholders. Following earnings, Bank of America analyst Michael McGovern reiterated his buy rating on the stock, assigning a $425 price target, which implies about 15% upside from current levels. "We think CVNA is also benefiting from a mix-shift toward Used, as cost conscious customers seek value," McGovern wrote in the note. Interesting valuation dynamics Carvana has been an extremely volatile stock to own over the past few years. The stock traded to less than $5 per share in 2023 and now trades over $370. The stock is now valued at over 65 times forward earnings but just 2.7 times forward revenue. Given how the used-car business can be heavily impacted by the economy, and given how the economic trajectory is still quite uncertain, I'd stay more cautious on the name. Should you buy stock in Carvana right now? Before you buy stock in Carvana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Carvana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Bank of America is an advertising partner of Motley Fool Money. Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Shares of Carvana Are Surging This Week was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
29-06-2025
- Automotive
- Yahoo
BofA Boosts Carvana Price Target, Highlights S&P 500 Eligibility
Carvana Co. (NYSE:CVNA) is one of the best consumer cyclical stocks to buy. On June 10, analyst Michael McGovern of BofA Securities reiterated his Buy rating on Carvana Co. (NYSE:CVNA) while raising the price target for the company's shares from $325 to $375. Despite potential challenges in the second half of the year due to tightening new car supply shipments noticed in May, McGovern listed a number of variables that could support the company's continued growth. McGovern also noted that Carvana Co. (NYSE:CVNA) could benefit from the trend of consumers switching from new to used cars, which the company might take advantage of to increase its market share. He added that even though the S&P Committee made no adjustments this quarter, Carvana Co. (NYSE:CVNA) is now qualified to be included in the S&P 500 index. Carvana Co. (NYSE:CVNA) is an online retailer of used cars based in Tempe, Arizona. Renowned for its multi-story automobile vending machines, the firm is the fastest-growing online used car dealer in the United States. While we acknowledge the potential of CVNA 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 More: 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
Belfast Telegraph
15-06-2025
- Sport
- Belfast Telegraph
Michael McGovern on Northern Ireland heroics against Germany nine years on: ‘I've had better games but none on a stage like the Euros'
Nine years ago this week, an inspired display from Michael McGovern kept the mighty Germans at bay and helped Northern Ireland reach the last-16 of Euro 2016.
Globe and Mail
21-03-2025
- Business
- Globe and Mail
Intel Stock (NASDAQ:INTC) Gains on Work With 'Mission-Critical Systems'
Chip stock Intel (INTC) is more than just AI and its new CEO these days, though these are the things that seem to be dominating the news cycle. But a new report out says that Intel is working with several companies to improve and revamp 'mission-critical systems.' This move proved... Stocks Recover Early Losses and Close Higher as Magnificent Seven Stocks Rebound Barchart - 1 hour ago The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.39%. June E-mini S&P futures (ESM25 ) are up +0.08%, and June E-mini Nasdaq futures... Carvana Won't Be Threatened By Amazon's Used-Car Business Tipranks - Fri Mar 21, 12:52PM CDT Amazon (AMZN) plans to enter the used-car market with online sales of pre-owned Hyundai (HYMLF) vehicles. While there were concerns that this would spell trouble for used-car retailer Carvana (CVNA), Bank of America analysts Michael McGovern and Justin Post argue this won't be the Up your Portfolio with Spark:Easily... Alphabet's $32 Billion Cybersecurity Play Motley Fool - Fri Mar 21, 10:23AM CDT If approved, the technology giant will make the largest acquisition in its company's history by purchasing Wiz. Nvidia (NVDA)-Backed Perplexity AI Seeks Fresh Funding at $18B Valuation Tipranks - Fri Mar 21, 8:20AM CDT Nvidia (NVDA)-backed AI-driven search engine Perplexity AI is reportedly seeking to raise up to $1 billion, potentially valuing the startup at $18 billion. According to familiar sources, the funding aims to support Perplexity's expansion and capitalize on the surging demand for its AI technology. Notably, Bloomberg was the first to... Why Palantir Stock Has Fallen 30% in a Month, and Why Continued Declines Are Inevitable Motley Fool - Fri Mar 21, 6:22AM CDT Since closing at its all-time high share price of $124.62 on Feb. 18, Palantir (NASDAQ: PLTR) stock has headed almost straight back down. By Thursday's close, just four weeks after hitting its high, Palantir had lost almost 30% of its value. At... 1 Analyst Just Raised His Price Target 220% on This Quantum Computing Stock Barchart - Fri Mar 21, 6:00AM CDT PayPal Giving Fund Canada crosses $200M milestone benefitting charities across Canada - Fri Mar 21, 6:00AM CDT /CNW/ -- PayPal Giving Fund Canada announced that it has surpassed the $200 million mark in donations to registered charities across Canada since its inception.... Here Are Billionaire David Tepper's 5 Biggest Stock Holdings Motley Fool - Fri Mar 21, 5:45AM CDT One of the more prominent hedge fund managers today, Appaloosa Management's David Tepper, has been one of the busiest lately. His investment vehicle recently made some big moves, to the point where Appaloosa's lineup of largest holdings has changed. Barclays Reaffirms Their Buy Rating on Amazon (AMZN) Tipranks - Fri Mar 21, 5:40AM CDT Barclays analyst Kannan Venkateshwar maintained a Buy rating on Amazon (AMZN – Research Report) today and set a price target of $265.00. The company's shares closed yesterday at $ Up your Portfolio with Spark:Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Venkateshwar covers the... Marjorie Taylor Greene Is Buying These 2 High-Yield Dividend Stocks. Should You? Motley Fool - Fri Mar 21, 4:47AM CDT It's not always easy for a member of the U.S. House of Representatives to secure a spot in the limelight. After all, the House has 435 representatives. But certain members of Congress receive plenty of attention. Rep. Marjorie Taylor Greene... 3 Growth ETFs to Buy With $1,000 and Hold Forever Motley Fool - Fri Mar 21, 3:30AM CDT Forget trying to pick the stock market's next big winners. Just hold a piece of all its best prospects. Nasdaq Correction: 2 Winning Stocks on Sale Right Now Motley Fool - Fri Mar 21, 3:25AM CDT It's never fun to see the value of your investments go down during a market sell-off. The Nasdaq Composite (NASDAQINDEX: ^IXIC) recently dipped into correction territory, defined as falling at least 10% from recent highs. But the longer you... Market Sell-Off: The Ultimate Growth Stock to Buy With $1,000 Right Now Motley Fool - Fri Mar 21, 3:07AM CDT The recent market sell-off created a number of solid entry points for equities. But one growth stock that should be on your list is Amazon (NASDAQ: AMZN), whose shares are down about 20% from their highs as of this writing. Prediction: Wiz Will Be a Game-Changing Acquisition for Alphabet Motley Fool - Fri Mar 21, 2:55AM CDT After trying and failing to acquire Wiz last year, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) has reached a deal to buy the fast-growing cybersecurity company. It is paying a steep price of $32 billion, up from the the $23 billion it offered last... Can Buying Costco Stock on the Dip Help Make You a Millionaire? Motley Fool - Fri Mar 21, 2:52AM CDT Investors aren't fans of uncertainty. And there has been a lot of uncertainty rattling the market in the past couple of weeks, mainly related to the tariff announcements made by the new Trump administration. As a result, the S&P 500 trades... Amazon-Backed Anthropic (AMZN) Adds Web Search to Claude AI Model Tipranks - Thu Mar 20, 7:48PM CDT Anthropic, which is an AI company that is backed by tech giant Amazon (AMZN), has announced that its large language model, Claude, will now have web search capabilities that will allow it to provide more accurate and up-to-date information. With this new feature, Claude can now access real-time insights and... FedEx Beats on Revenue, Misses on EPS Motley Fool - Thu Mar 20, 5:12PM CDT FedEx reported solid revenue growth in its fiscal 2025 third quarter, but fell slightly short of earnings per share expectations. Short Sellers Earn $15B Betting Against TSLA and NVDA Stocks Tipranks - Thu Mar 20, 4:52PM CDT Short sellers have made big profits so far in 2025 as some of the market's biggest stocks have dropped. According to S3 Partners, betting against Tesla (TSLA) and Nvidia (NVDA) has earned short sellers $15 billion so far this year. Tesla short sellers alone made nearly $11 billion, as the... AI Management Shake-Up at Apple (AAPL) in Move to Get Siri Firing on all Cylinders Tipranks - Thu Mar 20, 3:48PM CDT Tech titan Apple (AAPL) has called in the cavalry and launched an executive shake-up to help get its ailing AI drive back on Up your Portfolio with Spark:Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Cook Has Lost Confidence As reported by Bloomberg,... Magnificent Seven Stocks in Bear Market as Valuation Premium Shrinks Tipranks - Thu Mar 20, 3:16PM CDT Growth stocks are mostly trading lower at the time of writing following a strong post-Fed rally in the previous session. However, it remains uncertain whether investors are ready to jump back into high-valuation tech stocks. On Wednesday, the 'Magnificent 7' stocks—Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Meta (META), Microsoft (MSFT),... Carvana Stock (NYSE:CVNA) Jumps as Analyst Spots a Buying Opportunity Tipranks - Thu Mar 20, 2:44PM CDT While used car sales giant Carvana (CVNA) has had kind of an up-and-down history of late, there are some signs that there may be a route back up coming up in the near term. That is what analysts from Piper Sandler had to say, and investors took this notion seriously.... Why Carvana Stock Is Surging Today Motley Fool - Thu Mar 20, 1:42PM CDT Carvana (NYSE: CVNA) stock is posting big gains in Thursday's trading thanks to bullish analyst coverage. The company's share price was up 4.8% as of 2:15 p.m. ET and had been up as much as 11.7% earlier in the session. Apple (AAPL) in a Stew as it Sheds $1B a Year Playing Catch Up With Streaming Rivals Tipranks - Thu Mar 20, 1:08PM CDT
