Latest news with #Pitz
Business Insider
3 days ago
- Automotive
- Business Insider
Uber Stock Is Still a ‘Top Pick,' Says BMO Capital Despite Tesla (TSLA) Robotaxi Jitters
Shares of ride-hailing and delivery giant Uber (UBER) fell roughly 5% in yesterday's trading. The decline follows news of Tesla's (TSLA) upcoming Robotaxi launch in Austin on June 12. Still, BMO Capital Top analyst Brian Pitz remains confident in Uber's long-term strategy and growth prospects. The five-star analyst sees the recent dip as a buying opportunity and reiterated his Outperform rating and $101 price target, calling Uber a 'Top Pick' in the sector. Confident Investing Starts Here: Uber's AV Plans and Valuation Signal Upside According to the analyst, the market has overreacted to Tesla's planned Robotaxi launch on June 12. Although the news drew headlines, Pitz notes that Tesla's rollout—limited to just 10–20 vehicles—is small when stacked against Uber's much larger plans. For instance, Uber's deal with Waymo, owned by Alphabet (GOOGL), will bring hundreds of autonomous cars to its app in the coming months. Uber also has active deals with May Mobility and China-based WeRide, which are set to roll out AVs (autonomous vehicle) in dozens of U.S. cities. BMO applauds Uber's move to ' drive international scale ' through its recent acquisition of Dantaxi, Denmark's largest taxi firm. The deal brings 3,500 drivers onto Uber's platform, and starting this summer, riders in Denmark will be able to book trips through the app. The firm expects this to 'increase adoption' by improving match rates and estimated time of arrivals (ETAs), while opening up more ways to use it at airports, during leisure activities, and for daily commutes. On the self-driving front, Pitz sees Uber as an AV winner. The company now works with more than 15 AV partners and plans to launch shared AV rides by 2026. These steps are already boosting usage in cities like Austin, where Uber sees steady demand. Importantly, BMO finds Uber's valuation compelling. With shares trading at 19x next-twelve-month (NTM) EBITDA, the stock is below its two-year forward average of 21x and significantly under the high end of 27x. That suggests meaningful upside potential if Uber continues to execute across global and autonomous growth areas. What Is the Prediction for UBER Stock? Overall, Wall Street is bullish on Uber Technologies' prospects, with a Strong Buy consensus rating based on 29 Buys and four Holds. The average UBER stock price target of $98.61 implies about 16.98% upside potential.
Yahoo
20-05-2025
- Business
- Yahoo
Principal® Names Joel Pitz Executive Vice President and Chief Financial Officer
Pitz fills role previously held by Deanna Strable, President & CEO DES MOINES, Iowa, May 20, 2025--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) today announced the appointment of Joel Pitz as executive vice president and chief financial officer, effective immediately. Pitz steps into the role after 30 years with Principal and brings extensive experience in successfully aligning financial strategy to business goals. "Joel has demonstrated strong leadership throughout his time at Principal and during his tenure as interim CFO which will continue to serve the company well," said Deanna Strable, Principal president and CEO. "Not only is his expertise highly valued by the organization, but he has also proven to be a trusted advisor to me personally." Pitz served Principal as senior vice president and controller prior to his appointment to interim CFO in August 2024. Before taking on the role of controller, he served as the CFO for international businesses, where he oversaw global finance and strategy for emerging market operations. He's held several leadership positions during his tenure with Principal, including chief accounting officer. "I'm honored to step into the role of chief financial officer," said Pitz. "I look forward to working alongside our talented teams as we continue to drive sustainable growth and create value for our stakeholders now and into the future." Pitz succeeds Deanna Strable, who was named president and chief operating officer in August of 2024 and president and chief executive officer in January 2025. About Principal Financial Group® Principal Financial Group® (Nasdaq: PFG) is a global financial company with approximately 20,000 employees1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we're helping approximately 70 million customers1 plan, protect, invest, and retire, while working to support the communities where we do business. Principal is proud to be recognized as one of the 2024 World's Most Ethical Companies2 and named as a Best Places to Work in Money Management3. Learn more about Principal and our commitment to building a better future at 1 As of March 31, 20252 Ethisphere, 20253 Pensions & Investments, 2024 View source version on Contacts Media contact: Sara Bonney, 515-878-0835, Investor contact: Humphrey Lee, 515-235-9500, Sign in to access your portfolio
Business Wire
20-05-2025
- Business
- Business Wire
Principal ® Names Joel Pitz Executive Vice President and Chief Financial Officer
DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Financial Group ® (Nasdaq: PFG) today announced the appointment of Joel Pitz as executive vice president and chief financial officer, effective immediately. Pitz steps into the role after 30 years with Principal and brings extensive experience in successfully aligning financial strategy to business goals. 'Joel has demonstrated strong leadership throughout his time at Principal and during his tenure as interim CFO which will continue to serve the company well,' said Deanna Strable, Principal president and CEO. 'Not only is his expertise highly valued by the organization, but he has also proven to be a trusted advisor to me personally.' Pitz served Principal as senior vice president and controller prior to his appointment to interim CFO in August 2024. Before taking on the role of controller, he served as the CFO for international businesses, where he oversaw global finance and strategy for emerging market operations. He's held several leadership positions during his tenure with Principal, including chief accounting officer. 'I'm honored to step into the role of chief financial officer,' said Pitz. 'I look forward to working alongside our talented teams as we continue to drive sustainable growth and create value for our stakeholders now and into the future.' Pitz succeeds Deanna Strable, who was named president and chief operating officer in August of 2024 and president and chief executive officer in January 2025. About Principal Financial Group® Principal Financial Group® (Nasdaq: PFG) is a global financial company with approximately 20,000 employees 1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we're helping approximately 70 million customers 1 plan, protect, invest, and retire, while working to support the communities where we do business. Principal is proud to be recognized as one of the 2024 World's Most Ethical Companies 2 and named as a Best Places to Work in Money Management 3. Learn more about Principal and our commitment to building a better future at 1 As of March 31, 2025 2 Ethisphere, 2025 3 Pensions & Investments, 2024
Time of India
26-04-2025
- Business
- Time of India
GTA 6 hype pushes Take-Two stock to all-time high ahead of May earnings
Source: Rockstar Games Hype over Grand Theft Auto 6 has boosted Take-Two Interactive's stock price to a major degree. Take-Two shares reached an all-time high on Thursday as investors and fans eagerly await not just the forthcoming earnings report, but further information on the eagerly awaited game. Analysts anticipate that GTA 6 will be a key contributor to the success of the company in the future, and therefore the next few months are crucial for Take-Two. Take-Two stock reaches all-time high as GTA 6 hype increases Take-Two Interactive's (TTWO) stock gained 4.4% Thursday, finishing at $222.69 and peaking for the session at $224.43, an all-time high. The stock move comes amid building hype ahead of the company's May 15 fiscal fourth-quarter earnings release, as well as the expected launch of Grand Theft Auto 6. BMO Capital Markets analyst Brian Pitz reaffirmed his buy rating on Take-Two shares, with a price target of $240. He said that Take-Two has one of the healthiest game pipelines in the sector and cited GTA 6 as the one significant element that could drive earnings in fiscal 2026. Pitz is looking for the game to be reaffirmed for a fall 2025 release, with GTA 6 potentially being priced above prior games. Experts anticipate robust sales but caution about potential delays Pitz estimates that GTA 6 may sell as many as 45 million copies in its launch window. In case Take-Two sets the game's price tag over $70 — even $100, revenue can shoot even higher. Recent history, such as Nintendo charging $80 for Mario Kart World, suggests it is more probable. But there are some concerns. Benchmark analyst Mike Hickey noted that it has been more than 500 days since Rockstar Games dropped the initial GTA 6 trailer. The prolonged silence with no second trailer or additional updates has given rise to rumors about potential delays, although Rockstar and Take-Two still officially target a fall 2025 release. Take-Two's strong stock performance is a testament to how much confidence investors have in GTA 6's success. Although delays are a concern for some, the majority of analysts are hopeful that the game will hit its target release window. With the May earnings call looming, investors and fans are eagerly waiting for any fresh news from Take-Two and Rockstar. Also Read: GTA 6 trailer hits milestone with 250 million views amid ongoing silence
