Latest news with #OliverChen
Business Insider
4 days ago
- Business
- Business Insider
Ulta Beauty (ULTA) Receives a Hold from TD Cowen
In a report released today, Oliver Chen from TD Cowen maintained a Hold rating on Ulta Beauty (ULTA – Research Report), with a price target of $465.00. The company's shares opened today at $468.16. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Chen covers the Consumer Cyclical sector, focusing on stocks such as Kohl's, Macy's, and Ulta Beauty. According to TipRanks, Chen has an average return of 5.9% and a 51.81% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ulta Beauty with a $428.27 average price target, a -8.52% downside from current levels. In a report released today, Bank of America Securities also reiterated a Hold rating on the stock with a $455.00 price target. ULTA market cap is currently $19.04B and has a P/E ratio of 16.62. Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock. Last month, Jodi Caro, the GC, Chief Risk & Compl. Ofc of ULTA sold 902.00 shares for a total of $332,982.32.
Business Insider
5 days ago
- Business
- Business Insider
TD Cowen Remains a Hold on Kohl's (KSS)
In a report released today, Oliver Chen from TD Cowen maintained a Hold rating on Kohl's (KSS – Research Report). The company's shares closed yesterday at $8.04. Confident Investing Starts Here: Chen covers the Consumer Cyclical sector, focusing on stocks such as Kohl's, Macy's, and e.l.f. Beauty. According to TipRanks, Chen has an average return of 5.8% and a 52.41% success rate on recommended stocks. In addition to TD Cowen, Kohl's also received a Hold from Telsey Advisory's Jason Strominger in a report issued yesterday. However, on May 19, J.P. Morgan maintained a Sell rating on Kohl's (NYSE: KSS). Based on Kohl's' latest earnings release for the quarter ending February 1, the company reported a quarterly revenue of $5.4 billion and a net profit of $48 million. In comparison, last year the company earned a revenue of $5.96 billion and had a net profit of $186 million
Yahoo
22-05-2025
- Business
- Yahoo
TD Cowen Reiterates Cautious View on Target Corp. (TGT)
On May 21, TD Cowen analyst Oliver Chen continued his cautious view on Target Corp. (NYSE:TGT) with a Hold rating. With his new earnings estimates, the analyst derived a price target of $105, down from his earlier target of $140. The analyst highlighted that the company's Q1 results missed his expectations because of softer comparable sales and weaker customer traffic. A busy shopping aisle filled with discounted items in a retail store. The analyst projects that the company may require long-term, strategic changes in the coming quarters to shore up margins and resolve the issues of higher inventories. Despite such measures, the company may continue to face lower sales and higher costs eating into the margins, due to ongoing weakness in consumer spending, as per the analyst. The impact of the tariffs is proving to be another headwind. Therefore, the analyst chooses to remain on the sidelines. Target Corp. (NYSE:TGT) is a general merchandise retailer with nearly 2,000 stores across the United States. While we acknowledge the potential of TGT 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 AI stock that is more promising than TGT and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. 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
Yahoo
21-05-2025
- Business
- Yahoo
TD Cowen Maintains a Buy Rating on Warby (WRBY) After Google Partnership
On May 21, TD Cowen analyst Oliver Chen raised the price target on Warby Parker Inc. (NYSE:WRBY) from $20 to $24 while maintaining a Buy rating on the stock. The analyst raised the price target after the company announced its partnership with Alphabet Inc. (NASDAQ:GOOGL) to develop AI glasses compatible with Android and iOS. A woman wearing a stylish pair of eyeglasses walking through a shopping center. Warby Parker Inc. (NYSE:WRBY) is a lifestyle and eyewear company that designs, manufactures, and sells prescription and non-prescription eyewear. Earlier on May 20, the company announced its strategic partnership with Alphabet Inc. (NASDAQ:GOOGL) to develop AI-powered smart glasses designed for all-day wear. The partnership aims to combine Warby Parker Inc.'s (NYSE:WRBY) expertise in stylish, accessible eyewear design with Google's advanced technology ecosystem. The smart glasses will incorporate multimodal AI, which processes multiple data types simultaneously, enabling real-time contextual intelligence. Google has committed up to $150 million to the partnership, split into $75 million for Warby Parker Inc. (NYSE:WRBY) product development and commercialization costs. Whereas the other $75 million is set as an equity investment contingent on meeting certain collaboration milestones. Analyst Chen sees this partnership as a long-term opportunity for the company to focus on innovation. While we acknowledge the potential of WRBY 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 AI stock that is more promising than WRBY and that has 100x upside potential, check out our report about the . 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
CNBC
21-05-2025
- Business
- CNBC
Wall Street gets bullish on a surprising new AI play: Warby Parker
Analysts are cheering Warby Parker 's smart glasses partnership with Google . As part of the deal announced Tuesday, Google committed as much as $150 million. Half of that goes toward product development, and half to Warby Parker if specific collaboration milestones are set. The first line of products from the partnership is expected "after 2025." Products in the collaboration will utilize Google's Android XR operating system. The Android XR will include Google's Gemini artificial intelligence assistant, meaning Warby Parker could get in on the stock market's AI hype. Warby Parker shares surged more than 15% Tuesday and held on to the gain Wednesday, when the stock rose as much as 4% in early trading. The eyewear retailer is ahead 48% in one month and nearly 23% over the past year. WRBY 1Y mountain Warby Parker over the past 12 months. Wall Street sees some room for Warby to score further gains. The average analyst polled by LSEG has a buy rating with a consensus price target that suggests shares may rise another 4%. Here's what some analysts said in notes to clients about what the Alphabet deal means for Warby: Baird Analyst Mark Altschwager has an outperform rating and a $24 price target, implying upside of 18% over Tuesday's close. "While there is much to learn, this is an exciting announcement that can both drive Warby Parker brand awareness and create a new revenue stream in an emerging category (adding to the open-ended growth nature of our Warby Parker thesis). While we don't have a great sense of what the consumer adoption curve might look like for smart glasses, the $75 million investment in product development/commercialization should lower the risk profile for Warby (with option for further capital infusion at Warby's discretion)." TD Cowen Analyst Oliver Chen has a buy rating and lifted his price target by $4 to $24, also suggesting 18% upside. "Longer-term, key benefits could include: (1) enhancing existing customer lifetime value, (2) inspire other wearable technology development, and (3) help drive a continuous focus on tech meets customer centricity. We estimate the U.S. [total addressable market] of Smart Glasses could be $2-4bn by 2030 vs. WRBY's current revenue of ~$800mm" in the last 12 months. Citi Analyst Paul Lejuez hiked his price target by $5 to $22, translating into 8% potential upside. He has a neutral rating. "We are increasing our revenue growth estimates in F26E and beyond, as the new AI glasses likely expand WRBY's addressable market. Importantly, the adoption of everyday smart glasses has been relatively slow, so we are taking a conservative view on the growth potential." Stifel Analyst Jim Duffy raised his price target by $3 to $21, suggesting upside of 3%, and carries an investment recommendation of hold, citing execution risk. "Overall, we view the partnership as potential exposure to the fast-growing wearables segment and gives Google a renewed, and potentially more viable, pathway into mainstream smart glasses. With a greater TAM upon commercialization (beyond 2025) and credible backing, we see WRBY deserving of a more premium multiple." Telsey Advisory Group Analyst Dana Telsey has an outperform rating and a $22 price target, equal to 8% potential upside. "This partnership reflects WRBY's disruptive and innovative positioning within the optical market, in our view. The investment indicates the trust Google has in Warby Parker to help bring this next generation of smart glasses to market. While the glasses are not expected to be commercially available until after 2025, we believe there will likely be quite a bit of buzz around the technologies leading up to and upon launch. We anticipate this could be a boon to store traffic as people (WRBY customers and future ones) head to Warby Parker showrooms to test out the AI-powered glasses in person."
