Latest news with #Q1Performance
Yahoo
07-06-2025
- Business
- Yahoo
Oppenheimer says Rubrik's solid results aided by non-recurring revenue benefit
Oppenheimer analyst Param Singh notes that Rubrik (RBRK) delivered a strong beat for Q1 and guided Q2/FY26 comfortably ahead of consensus. That said, the firm notes that much of the outperformance to the quarter revenue and guide came from non-recurring revenue, without which Rubrik would have performed below bullish buy-side expectations. With current valuation at 13-times EV/Sales, Oppenheimer believes it fully captures a mid-30s annual growth rate, and maintains a Perform rating on the shares. 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 Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on RBRK: Disclaimer & DisclosureReport an Issue Rubrik, Inc.: Strong Performance and Cautious Optimism Lead to Hold Rating Rubrik price target raised to $110 from $90 at Truist Rubrik price target raised to $110 from $77 at BMO Capital Morning Movers: Manchester United gains, Lululemon sinks after quarterly reports Rubrik price target raised to $120 from $80 at Wedbush 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
24-05-2025
- Business
- Yahoo
Workday price target lowered to $295 from $310 at JPMorgan
JPMorgan analyst Mark Murphy lowered the firm's price target on Workday (WDAY) to $295 from $310 and keeps an Overweight rating on the shares following the Q1 report. The company reported a consistent performance despite macro uncertainty with higher margins, the analyst tells investors in a research note. The firm remains constructive on Workday's emerging vectors, including full-suite, partner-led sales, midmarket penetration, and emerging artificial intelligence momentum, which it believes 'should manifest into relatively stable to slightly improving growth trends aside ongoing margin progress.' 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 Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on WDAY: Disclaimer & DisclosureReport an Issue Workday's Strong Q1 Performance and AI-Driven Growth Amid Macroeconomic Challenges Workday Reports Strong Q1 2026 Financial Performance Closing Bell Movers: Deckers falls 15% on weak guidance; Nuclear names rally Workday Announces $1 Billion Share Buyback Program Workday down 5% at $259 after Q1 results and guidance Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Citi Raises its Price Objective for Snowflake Inc. (SNOW)
Tyler Radke, a Citi analyst, has maintained his Buy rating on Snowflake Inc. (NYSE:SNOW) and increased his price objective from $235 to $245. A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. Following Snowflake Inc. (NYSE:SNOW)'s better-than-expected Q1 performance, which Radke says "checked all the boxes," the modification was made. Strong bookings, rapid product acceptance, and resilient consumption all contributed to the company's success. Snowflake Inc. (NYSE:SNOW) also gave "strong" Q2 guidance and a "solid raise" to its FY26 estimate, showing that demand patterns held up well through May despite macroeconomic uncertainty. Snowflake Inc. (NYSE:SNOW)'s Q1 beat proves its capacity to maintain client usage and grow with new offerings, hence improving the platform's applicability in a difficult environment. The strong Q2 guidance and the upward revision to FY26 estimates, according to analyst Tyler Radke, show confidence in continued enterprise data consumption. Despite wider economic challenges, Citi believes Snowflake Inc. (NYSE:SNOW) continues to perform well operationally and has solid fundamentals, as seen by the revised $245 price objective. While we acknowledge the potential of SNOW to grow, 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 SNOW and that has 100x upside potential, check out our report about this READ NEXT: and . Disclosure. None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
AbbVie Inc. (ABBV): A Bull Case Theory
We came across a bullish thesis on AbbVie Inc. (ABBV) on Substack by Magnus Ofstad. In this article, we will summarize the bulls' thesis on ABBV. AbbVie Inc. (ABBV)'s share was trading at $198.47 as of May 2nd. ABBV's trailing and forward P/E were 84.82 and 16.34 respectively according to Yahoo Finance. A clinical researcher in a lab examining a new biopharmaceutical product. AbbVie (ABBV) delivered a strong Q1 2025 performance that exceeded expectations and was met with a sharp rise in its stock price, driven by upgraded guidance and confidence in its long-term growth outlook. The company's immunology segment showed robust momentum, with Skyrizi and Rinvoq more than compensating for the anticipated decline in Humira sales. Neuroscience and oncology segments also impressed, led by Elahere, which generated $179 million in global revenue. A key catalyst was the successful conclusion of the MIRASOL trial, where Elahere significantly outperformed chemotherapy in ovarian cancer, reducing the risk of death by 32% and progression or death by 37%. This breakthrough strengthens Elahere's potential as a new standard of care and paves the way for label expansion. AbbVie continues to reinforce its position as a serial acquirer, highlighted by its acquisition of ImmunoGen for Elahere, Nimble Therapeutics for autoimmune therapies, and a recent licensing deal with Gubra targeting obesity—a high-stakes market dominated by Eli Lilly and Novo Nordisk. With Q1 revenue up 8.4% YoY (9.8% operationally), ABBV has demonstrated strong execution across its pipeline and commercial portfolio. Sustained performance at this level may warrant an upward revision of the current $215 fair value estimate. AbbVie Inc. (ABBV) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 85 hedge fund portfolios held ABBV at the end of the fourth quarter which was 68 in the previous quarter. While we acknowledge the risk and potential of ABBV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ABBV but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was 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
Zawya
08-05-2025
- Business
- Zawya
RAK Properties delivers strong Q1 2025 results
RELATED TOPICS EARNINGS RELATED COMPANIES Anantara Solutio Emirate Arqaam Capital FOUR SEASONS Mirasol RAK Properties Delivery, discipline, and destination-making drive record Q1 performance for RAK Properties KEY HIGHLIGHTS Q1 2025 revenue increased by 28% to AED 370 million compared to the same period in 2024 Profit before tax rose by 64% to AED 74 million AED 2.33 billion as of 31 Mar'25 development backlog offers clear forward revenue visibility Strong pipeline of over 3,000 units under construction 800+ handovers scheduled for 2025 the Company's busiest operational year Driving growth in 2025 with the unveiling of the latest updates on Mina Ras Al Khaimah's premier island lifestyle destination and its ambitious AED 5 billion GDV pipeline. Strategic partnerships with Four Seasons and Anantara reinforce Mina as a lifestyle destination Chairman of RAK Properties: 'As we mark 20 years since our establishment, we do so, not with nostalgia, but with clarity of purpose building communities that contribute to Ras Al Khaimah's transformation into a globally competitive destination for investment, tourism and quality living.' Ras Al Khaimah, UAE: RAK Properties (ADX: RAKPROP), Ras Al Khaimah's leading publicly listed property developer, today announced its financial results for the first quarter of 2025. The results mark a strong start to a milestone year in which the Company celebrates two decades of growth, underpinned by delivery, discipline and destination-making. The quarter was characterised by, strong sales, expansion of the development pipeline, and continued investor confidence across key launches. As Ras Al Khaimah accelerates its trajectory as a global investment hub, RAK Properties is demonstrating its role as a performance-led developer with a long-term strategic outlook. STRONG Q1 2025 FINANCIAL PERFORMANCE RAK Properties reported revenue of AED 370 million in Q1 2025, reflecting an increase of 28% compared to the same period in 2024. The growth was primarily driven by continued on-site development progress across multiple residential projects and strong uptake across new launches. Profit before tax rose to AED 74 million, up 64% year-on-year, while EBITDA increased to AED 107 million — underscoring improved margins and operational leverage. The Company maintained a solid financial position, with total assets reaching AED 8.15 billion and equity rising to AED 5.59 billion. As of 31 March 2025, the development backlog stood at AED 2.33 billion, offering strong visibility into future revenues. Sales volumes remained healthy, with 503 units sold in Q1 valued at AED 839 million — marking more units sold than any other quarter and reflecting sustained demand across both end-user and investor segments. 20 YEARS OF IMPACT, A YEAR OF DELIVERY Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties, said: 'RAK Properties continues to deliver at a pace that reflects the strength of its vision and the depth of its operational readiness. As we mark 20 years since our establishment, we do so, not with nostalgia, but with clarity of purpose — building communities that contribute to Ras Al Khaimah's transformation into a globally competitive destination for investment, tourism and quality living. 'This quarter reflects our growth maturity - delivering scale, attracting global partners, and supporting the Emirate's broader economic ambitions. We will continue to move forward with a disciplined strategy that prioritises value creation, delivery excellence, and long-term investor trust.' Sameh Muhtadi, CEO of RAK Properties, commented: '2025 is shaping up to be a transformational year. With more than 800 handovers planned and over 3,000 units currently under construction, we are delivering across multiple fronts while maintaining strong financial discipline. This performance reflects not only our delivery momentum but also a notable strengthening of our financial fundamentals — with improved margins and disciplined cost management positioning us for sustained growth. 'In Q1, we activated key phases of the Mina masterplan, deepened our pipeline with high-performing hospitality and residential launches, and scaled our team to meet rising operational demands. We are focused on delivery, differentiation and unlocking long-term growth. This performance is only the start of what we intend to achieve this year.' DELIVERY MILESTONES AND CONSTRUCTION UPDATES Construction continues on over 3,000 units across active developments, with more than 800 handovers scheduled in 2025. Flagship projects, such as Bay Residences, Granada II, Cape Hayat, and the now-completed Gateway 2, are progressing steadily. Projects including Bay Views, Edge, and Quattro Del Mar are also advancing through key construction phases, with major contracts awarded and site works underway. MINA: FROM VISION TO DESTINATION In Q1, RAK Properties advanced the transformation of the Mina masterplan into a fully integrated lifestyle destination. Backed by an AED 5 billion development pipeline, Mina continues to evolve as a strategic pillar of Ras Al Khaimah's tourism and investment vision, blending residential, retail, hospitality and waterfront infrastructure. A landmark agreement was signed with Four Seasons to develop a luxury resort and branded residences — marking the brand's first presence in the Emirate. Further partnerships include Nikki Beach, which will launch Nikki Beach Resort & Spa Ras Al Khaimah at Mina, and Porto Playa by Ellington, introducing a new design-focused residential offering. The strategic roll-out of branded offerings at Mina reflects the Company's focus on driving the luxury segment within its portfolio. These high-impact partnerships are designed to anchor Mina as a premium waterfront address, support long-term value creation, and elevate the Emirate's appeal to global investors. Product launches in Q1 included Mirasol, a resort-inspired waterfront community, and SKAI, a contemporary residential tower in the Harbour District, both generating strong investor interest. A key placemaking milestone was the unveiling of Mina Boulevard, a curated retail and dining promenade designed to activate the community year-round. Enhanced connectivity, including a forthcoming hydrofoil service linking Ras Al Khaimah to Dubai, and a fully integrated marina and yacht club, further positions Mina as a compelling destination for residents and visitors. ORGANISATIONAL STRENGTH AND LEADERSHIP GROWTH Additionally, the Company RAK Properties expanded its workforce by 31%, bringing in new talent across engineering, development, sales, and customer service, thereby reinforcing internal capacity and aligning the organisation for future growth. RAK Properties also introduced a fully digital Sales and Purchase Agreement (SPA) process in Q1 2025, streamlining transactions and enhancing the customer journey as part of its broader operational excellence drive. POST PERIOD & LOOKING AHEAD RAK Properties has started Q2 with the release of its luxury branded Anantara Mina Ras Al Khaimah Residences product. Comprising a collection of 19 villas and 84 apartments, located on the waterfront of Hayat Island, and offering the option for investors to place their units into the hotel rental pool, sales commenced on 28th April. The Anantara Mina Ras Al Khaimah Residences boast a full range of a la carte services and five star resort level amenities. The launch of Anantara Mina Ras Al Khaimah Residences has been closely followed by the launch of ENTA – a new residential concept, also on Hayat Island. Comprising 119 furnished apartments and featuring a concept store, co-working space, library and residents lounge, sales commenced on 5th May. With strong fundamentals, an expanding portfolio and a deepening network of strategic partnerships, RAK Properties is well-positioned to deliver long-term value for shareholders. In line with this ambition, the Company has appointed Arqaam Capital to support with ongoing strategic initiatives and capital market engagement. As Ras Al Khaimah accelerates its transformation into a globally competitive destination for investment, lifestyle, and tourism, RAK Properties remains at the forefront activating integrated communities, shaping new economic hubs, and contributing to the Emirate's wider growth agenda. About RAK Properties Founded in 2005 under the visionary leadership of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, RAK Properties is a leading real estate developer committed to producing exceptional and sustainable destinations. Specializing in contemporary and meticulously crafted communities, RAK Properties integrates excellence, innovation, and nature to create enriching lifestyles in alignment with the aspirations of tomorrow's people. RAK Properties plays a pivotal role in achieving RAK Vision 2030, focusing on delivering economic, social, and environmental value, all aimed at enhancing lives and places, and contributing to the prosperous narrative of Ras Al Khaimah. Awards and recognitions Awarded 'Developer of the Year' 2023 by Construction Week Middle East. Bay Views Residences won the 'Best Residential Project' at the Design Middle East Awards 2023, where the residential development was recognized as the region's best design and architecture. Quattro Del Mar was awarded the Best Mixed-Used Project at the prestigious Pillars of Real Estate Awards 2024.
