Latest news with #RobSanderson
Globe and Mail
23-05-2025
- Business
- Globe and Mail
Meta Platforms Stock (META) Gets a Sky-High $888 Target from Top-Rated Analyst
Meta Platforms (META) received a major vote of confidence from Loop Capital, as top-rated analyst Rob Sanderson raised the firm's price target to a staggering $888 from $695. Sanderson also reaffirmed his Buy rating on the stock, suggesting strong confidence in Meta's upside potential. Meanwhile, the new price target implies a growth rate of almost 40% from current levels. Confident Investing Starts Here: Loop Capital's Bold Call According to Loop Capital, Meta stands out as the most compelling non-hardware beneficiary of AI currently, and the firm expects the stock to outperform its Magnificent Seven peers this year. Additionally, Sanderson pointed to Meta's stronger-than-expected Q2 outlook and admitted that previous concerns about reduced spending from China-based advertisers slowing revenue growth were misplaced. Earlier in April, Meta confirmed that Chinese online retailers have scaled back their advertising on Facebook and Instagram in response to President Donald Trump's aggressive trade policies toward China. However, the company's advancements in AI have offset potential losses, contributing to stronger overall performance. Sanderson's Rating on TipRanks Sanderson is a five-star-rated analyst on TipRanks, ranked #274 out of over 9,500 analysts. He stands out as one of the most accurate analysts for META stock over one- and three-month periods. Moreover, Sanderson has maintained an 84% success rate on his META stock recommendations over the past three months, highlighting his strong track record. Is Meta a Good Stock to Buy Now? On TipRanks, META stock has a consensus Strong Buy rating among 45 Wall Street analysts. That rating is based on 41 Buys, three Holds, and one Sell assigned in the last three months. The average META price target of $696.12 implies a 9.5% upside from current levels. See more META analyst ratings Disclaimer & Disclosure Report an Issue
Yahoo
20-05-2025
- Business
- Yahoo
Wall Street analyst wonders: Why wouldn't Uber acquire Instacart?
-- Following a strong quarter and bullish guidance, Loop Capital's Rob Sanderson raised the price target on Instacart (NASDAQ:CART) shares to $58 from $52, citing higher-than-expected GTV growth, advertising contribution, and profitability. Alongside the upgrade, Sanderson posed a broader strategic question in a Monday note, 'Why wouldn't Uber (NYSE:UBER) acquire Instacart?' 'Uber is clearly committed to the grocery category for its large total addressable market (TAM), advertising opportunity and potential synergies,' Sanderson wrote. He highlighted that both companies have made 'solid progress' on their partnership so far, though DoorDash (NASDAQ:DASH) continues to lead in grocery delivery. Still, Instacart holds 'majority share of order value, extensive category expertise and deep relationships with grocers – a supply advantage for at least the next 1-3 years.' Instacart's first-quarter performance offered further support for the stock's standalone appeal. Gross transaction value rose 10% year-on-year, adjusted EBITDA exceeded the top end of guidance, and ad revenue growth outpaced GTV growth, accelerating to 14%. 'Alongside Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT), Instacart continues to be recognized as a leader and a high performing retail media channel in our conversations with ad buyers,' Sanderson said. The company delivered a 60% margin on incremental revenue, significantly outpacing long-term margin targets. With Instacart CEO Fidji Simo stepping down to join OpenAI, the timing could be opportune for Uber to consider an acquisition, according to Sanderson. 'Instacart trades at half the EBITDA multiple of Uber with a 600bps slower growth outlook in consensus,' he said. 'This is before any cost, upsell or operational synergies.' 'It seems to us that an eventual combination is more likely than not,' he added. Loop Capital sees meaningful cost and channel synergies in a potential combination, noting Instacart's data-driven ad business and Uber's history of acquisitions. With Simo departing for OpenAI, the broker suggests that price may be the only remaining hurdle. Related articles Wall Street analyst wonders: Why wouldn't Uber acquire Instacart? Cantor Fitzgerald stays bullish on Tesla stock ahead of key catalysts Reddit downgraded as 'recent user disruptions likely more permanent'
CNBC
16-05-2025
- Business
- CNBC
Loop Capital sees this 'Magnificent Seven' stock gaining more than 30%
There could be even more upside in store for Meta Platforms following its latest quarterly results, according to Loop Capital. The firm reiterated its buy rating on the Facebook owner and hiked its price target to $888, which reflects about 38% upside from Thursday's closing level. "While our pre-quarter checks had pointed to resilience, our expectation that a drop in spending intensity from China-based advertisers would flatten revenue growth was a misread," analyst Rob Sanderson wrote in a Thursday note. "This large spending cohort has backed off (with some geographic reallocation) but AI-driven performance gains across the platform are more than an offset." "We continue to see Meta as the best non-hardware example of tangible, right-now beneficiary of AI and think the stock will outperform the 'mag-7' peer group this year," the analyst continued. "Despite a meaningful valuation disparity, we still encourage long-term growth managers to move away from Google and into Meta." META 1M mountain META, 1-month This comes as Meta shares have jumped more than 17% month to date on a better-than-expected report for the first quarter . The move higher puts Meta's year-to-date gain at about 10%. Meta also increased its capital expenditures outlook for 2025 to reflect more investments in data centers for artificial intelligence. While Sanderson noted that the company's core AI investments have been constrained by capacity as of late, he noted that new AI datacenter capacity has begun coming online. "While core AI is already delivering measurable results, management views this as an early-stage opportunity with a multi-year roadmap to further enhance system performance," the analyst wrote. "Massive infrastructure investments, larger than any hyperscale build for internal consumption, is allowing Meta to extend its competitive advantage over smaller rivals." Most analysts on Wall Street hold a similarly bullish view on Meta. LSEG data shows that 64 of 72 have given the stock a strong buy or buy rating. Only six have a hold rating. Meta has an average target of about $703, implying more than 9% upside potential.
Globe and Mail
06-05-2025
- Business
- Globe and Mail
Analysts Offer Insights on Technology Companies: AppLovin (APP) and Super Micro Computer (SMCI)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on AppLovin (APP – Research Report) and Super Micro Computer (SMCI – Research Report) with bullish sentiments. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. AppLovin (APP) In a report released today, Rob Sanderson from Loop Capital Markets reiterated a Buy rating on AppLovin, with a price target of $650.00. The company's shares closed last Friday at $307.58. According to Sanderson is a 5-star analyst with an average return of 12.9% and a 58.6% success rate. Sanderson covers the NA sector, focusing on stocks such as Integral Ad Science, Alphabet Class A, and Meta Platforms. ;'> AppLovin has an analyst consensus of Moderate Buy, with a price target consensus of $470.41, implying a 61.1% upside from current levels. In a report issued on April 21, HSBC also maintained a Buy rating on the stock with a $436.00 price target. Super Micro Computer (SMCI) Loop Capital Markets analyst Ananda Baruah reiterated a Buy rating on Super Micro Computer today and set a price target of $70.00. The company's shares closed last Friday at $33.71. According to Baruah is a 5-star analyst with an average return of 9.3% and a 49.8% success rate. Baruah covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, Hewlett Packard Enterprise, and ARM Holdings PLC ADR. ;'> Currently, the analyst consensus on Super Micro Computer is a Hold with an average price target of $43.00, representing a 30.5% upside. In a report issued on April 30, Northland Securities also reiterated a Buy rating on the stock with a $70.00 price target.
Globe and Mail
01-05-2025
- Business
- Globe and Mail
Meta Platforms (META) Is About to Report Q1 Earnings Today. Here Is What to Expect
Social media company Meta Platforms (META) will report its Q1 2025 earnings today. META stock has declined 6% in 2025 so far due to slowing advertising revenue, regulatory challenges, increased operational costs, and broader market volatility impacting the tech sector. Wall Street analysts expect the company to post earnings of $5.24 per share, up 11.5% from the year-ago quarter. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Meanwhile, revenues are expected to increase by 13% from the year-ago quarter to $41.34 billion, according to data from the TipRanks Forecast page. Notably, Meta has an encouraging earnings surprise history. The company missed earnings estimates just once out of the previous nine quarters. Recent Events Ahead of Q1 Print On April 25, Meta announced job cuts in its Reality Labs division, which is responsible for its Quest headsets and Metaverse initiatives. These layoffs are part of Meta's broader cost-cutting efforts as it aims to refocus on future technologies. According to Main Street Data, Reality Labs' operating loss widened to $4.97 billion in Q4 2024, slightly up from $4.65 billion from the year-ago quarter. Meanwhile, revenues grew modestly by 1.12% year-over-year to $1.1 billion in Q4 2024. On April 23, the European Union (EU) imposed significant fines on U.S. tech giants Apple (AAPL) and Meta for failing to comply with its tech regulations. The European Commission fined Apple $570 million and Meta $230 million, giving them two months to meet the regulatory requirements or face further penalties. Analyst's Views Ahead of META's Q1 Earnings Ahead of Meta Platforms' Q1 print, five-star analyst Rob Sanderson of Loop Capital Markets reduced his price target to $695 from $900 but kept a Buy rating on the stock. He expects solid Q1 results but a weaker outlook ahead due to lower ad pricing. He noted that ad prices are dropping as Chinese advertisers scale back due to new tariffs and rules. As a result, the analyst forecasts that Meta's Q2 revenue guidance will be lower than expected, around $40.5B to $43.0B, compared to the $43.9B consensus. However, he sees Meta as a solid growth opportunity for long-term investors despite tough market conditions. Options Traders Anticipate a Large Move TipRanks' Options tool offers a quick way to gauge what options traders anticipate from the stock following its earnings report. The expected earnings move is calculated using the at-the-money straddle of the options set to expire closest to the announcement. While this may sound complex, the tool handles the calculations for you. Currently, it indicates that options traders are predicting a 8.13% swing in either direction. Is META a Good Stock to Buy Now? Overall, META stock has a consensus Strong Buy rating among 47 Wall Street analysts on TipRanks. That rating is based on 43 Buys, three Holds, and one Sell assigned in the last three months. The average META price target of $703.40 implies a 27.95% upside from current levels. See more META analyst ratings Disclaimer & Disclosure Report an Issue
