Latest news with #RonaldJosey
Yahoo
27-05-2025
- Business
- Yahoo
Why Alphabet (GOOGL) Stock Is Up Today
Shares of online advertising giant Alphabet (NASDAQ:GOOGL) jumped 2.7% in the afternoon session after the major indices rebounded (Nasdaq +2.0%, S&P 500 +2.0%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. After the initial pop the shares cooled down to $172.69, up 2.5% from previous close. Is now the time to buy Alphabet? Access our full analysis report here, it's free. Alphabet's shares are extremely volatile and have had 39 moves greater than 2.5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock gained 5.2% after the company rolled out new AI tools at its annual I/O show, which was well received by Wall Street as it laid out a detailed plan to maintain its dominance in the web search market. The announcement also appeared well-timed, given recent concerns some internet users were leaning more on LLMs like ChatGPT as their default search product. What really stood out during the show was "AI Mode," which is like a chat bot baked into Google's search engine. This feature makes it faster for users to access Google's AI search feature, and was rolled out immediately to US users. But it wasn't just about search. Google also threw out a bunch of shiny new AI toys. These include Google Beam (a new video chat platform built from the ground up with AI). Then there's a collaboration with Warby Parker to launch AI-powered smart glasses running on Google's Android XR. And for content creators, they teased Veo 3, their next-gen AI video generator. In terms of monetization, Google announced a new 'AI Ultra' subscription plan that could fetch up to $249.99 per month, which shows it is heavily invested in enterprises and high-end users who tend to have staying power and could make the products catch on faster. Citi analyst Ronald Josey with a Buy rating and $200 price target summed up the Street's sentiment, adding "With AI Mode going live in the U.S., the Gemini App reaching 400M MAUs [monthly active users] (vs. ~350M in March), and AI Overviews delivering query growth, we believe GOOGL's product cadence and user adoption of newer tools is ramping which should provide some stability for Search growth." Overall, the announcements indicate Alphabet is not just keeping up in the AI race but is better positioned in the fast-evolving market. Alphabet is down 8.8% since the beginning of the year, and at $172.69 per share, it is trading 16.3% below its 52-week high of $206.38 from February 2025. Investors who bought $1,000 worth of Alphabet's shares 5 years ago would now be looking at an investment worth $2,432. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. 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
27-05-2025
- Business
- Yahoo
Citi Cuts Peloton (PTON) Price Target, Reiterates Neutral Rating
On May 27, Citi analyst Ronald Josey cut Peloton Interactive, Inc.'s (NASDAQ:PTON) price target to $8.50 from $10 and maintained a Neutral rating on the stock. The adjustment comes on the exercise equipment company delivering mixed third-quarter fiscal 2025 results. While sales fell 13.1% year-over-year to $624 million, they beat analysts' estimates of $621.5 million. The company posted adjusted earnings of $89.4 million, better than the expected $80.37 million. A woman reading and analyzing stock market data. Photo by Artem Podrez on Pexels Josey's Neutral stance also comes on Peloton lifting its revenue guidance for the year to $2.46 billion. The new revenue guidance reflects the expectation of favorable subscription revenue driven by higher paid connected fitness subscription management. It also expects EBITDA of $340 million, below analyst estimates of $345 million, as the free cash flow margin is expected to improve to 15.2% from 1.2% last year. Citi also remains optimistic about Peloton's prospects on churn rates declining by 0.2% to 1.2%. The improvement comes from customers reacting positively to new product offerings such as Strength modalities. In addition, the company is benefiting from the new CEO's strategic objective, which focuses on accelerating growth and cutting costs. Peloton remains focused on acquiring new members cost-effectively, as depicted by advertising and marketing spending decreasing 46% year-over-year in fiscal Q3. The company expects Ending Paid Connected Fitness Subscriptions to range between 2.77 and 2.79 million in FY25, reflecting a ten thousand increase at the midpoint. Peloton Interactive, Inc. provides Members with world-class equipment, ground-breaking software, expert human instruction, and the world's most supportive fitness community. It offers connected fitness products, including Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names through e-commerce and inside sales, retail showrooms. While we acknowledge the potential of Peloton Interactive, Inc. (NASDAQ:PTON) 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 PTON and that has 100x upside potential, check out our report about the cheapest AI stock. 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
RTÉ News
22-05-2025
- Business
- RTÉ News
Alphabet hits near three-month high on new AI updates
Alphabet shares jumped 4% today, rising for a second straight day, as investors cheered the Google parent's artificial intelligence updates including the rolling out of "AI Mode" to all its US users. A $249.99-a-month subscription for its AI power users, teased at its annual developer conference, also allayed concerns over funding the huge costs of the company's AI development. After the conference, "we are incrementally confident that Google can deliver continued search growth while ramping monetization suggesting improving execution," Citi analyst Ronald Josey wrote in a note. CEO Sundar Pichai said the rise of generative AI was not at the full expense of online search amid concerns about a behavioral change where users were turning to AI chatbots from search engines. In a major update, the company signaled that customers across the US now can switch Google Search into "AI Mode." A Google search team executive also said using AI to answer tougher questions could open up new ways to show more relevant and useful ads. Ads make up the majority of Google's revenue. "We believe monetization of AI Mode is likely to 'soon' follow the U.S. launch," Josey said. Class C shares of Alphabet were up 4% at 175.27, trading at levels last seen three months ago. The stock is down about 7% so far this year.
The Star
22-05-2025
- Business
- The Star
Alphabet hits near three-month high on new AI updates
FILE PHOTO: Figurines with computers and smartphones are seen in front of Alphabet logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Alphabet shares jumped 4% on Thursday, rising for a second straight day, as investors cheered the Google parent's artificial intelligence updates including the rolling out of "AI Mode" to all its U.S. users. A $249.99-a-month subscription for its AI power users, teased at its annual developer conference, also allayed concerns over funding the huge costs of the company's AI development. After the conference, "we are incrementally confident that Google can deliver continued search growth while ramping monetization suggesting improving execution," Citi analyst Ronald Josey wrote in a note. CEO Sundar Pichai said the rise of generative AI was not at the full expense of online search amid concerns about a behavioral change where users were turning to AI chatbots from search engines. In a major update, the company signaled that customers across the U.S. now can switch Google Search into "AI Mode." A Google search team executive also said using AI to answer tougher questions could open up new ways to show more relevant and useful ads. Ads make up the majority of Google's revenue. "We believe monetization of AI Mode is likely to 'soon' follow the U.S. launch," Josey said. Class C shares of Alphabet were up 4% at 175.27, trading at levels last seen three months ago. The stock is down about 7% so far this year. (Reporting by Medha Singh in Bengaluru; Editing by Sriraj Kalluvila)
Yahoo
22-05-2025
- Business
- Yahoo
Alphabet hits near three-month high on new AI updates
(Reuters) -Alphabet shares jumped 4% on Thursday, rising for a second straight day, as investors cheered the Google parent's artificial intelligence updates including the rolling out of "AI Mode" to all its U.S. users. A $249.99-a-month subscription for its AI power users, teased at its annual developer conference, also allayed concerns over funding the huge costs of the company's AI development. After the conference, "we are incrementally confident that Google can deliver continued search growth while ramping monetization suggesting improving execution," Citi analyst Ronald Josey wrote in a note. CEO Sundar Pichai said the rise of generative AI was not at the full expense of online search amid concerns about a behavioral change where users were turning to AI chatbots from search engines. In a major update, the company signaled that customers across the U.S. now can switch Google Search into "AI Mode." A Google search team executive also said using AI to answer tougher questions could open up new ways to show more relevant and useful ads. Ads make up the majority of Google's revenue. "We believe monetization of AI Mode is likely to 'soon' follow the U.S. launch," Josey said. Class C shares of Alphabet were up 4% at 175.27, trading at levels last seen three months ago. The stock is down about 7% so far this year. 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
