Latest news with #ScottBerg
CNBC
01-08-2025
- Business
- CNBC
These stocks reporting earnings next week have a track record of topping analyst estimates
Investors might capture upside and limit risk by focusing on companies reporting earnings next week with a history of beating Wall Street expectations. The first full week of August is another busy one for second-quarter earnings, with 122 companies in the S & P 500 — or nearly a quarter of the benchmark — slated to share results. Disney and McDonald's are among the headliners, with restaurant, travel, pharmaceutical and energy stocks dominating. Second-quarter earnings have been coming in strong so far. Of the 298 companies in the S & P 500 that have already reported, about 82% have exceeded Wall Street analysts' earnings expectations. Nearly 80% have also posted an upside revenue surprise. Stocks can rally if earnings impress analysts. With this in mind, CNBC Pro screened data from Bespoke Investment Group, looking for stocks that are due to report next week that have a history of beating earnings expectations and then rising on the back of those results. To be included in the table below, stocks had to meet the following criteria: Beat earnings expectations at least 75% of the time On average, rise at least 2% on the first trading day after earnings Shopify is one company that could see gains next week, if the past is any guide. The cloud-based e-commerce platform has an 85% earnings beat rate and an average post-earnings gain of 3.3%. Shares of Shopify have gained 11% this year. In July, Needham analyst Scott Berg initiated research coverage of the stock with a buy rating and a $135 price target, implying upside of about 10% from Shopify's Thursday close. "While Shopify is widely considered a generational software company, we believe the company remains in only the mid-cycle of a durable growth opportunity," Berg wrote. The Trade Desk has a history of rising 7.2%, on average, in the next session after it reports, and of beating analysts' earnings expectations 94% of the time. Although the digital advertising stock has slumped 30% this year, it ended July with a 21% gain, helped by its entry into the benchmark S & P 500 index in mid-July. "We view the inclusion as additional confirmation of TTD's very impressive fundamentals and as additional confirmation of the centrality of the Internet Sector, as TTD becomes the 13th 'Net company added to the index," wrote Evercore ISI, which upgraded Trade Desk to an outperform rating in late June. The researcher's target price of $90 implies that shares could add almost 4% from Thursday's close. If past is prologue, building products manufacturer Trex , down 8% this year, could also see a post-earnings lift next week. The company has beaten earnings estimates 79% of the time and has, on average, risen 2.1% after reporting earnings. In July, Baird upgraded shares to an outperform rating from neutral. "We think relatively stable sell-out trends should be positive for sentiment, particularly with relative valuation near multi-year lows," wrote analyst Timothy Wojs. "Material conversion, new products and railing attachment initiatives provide company-specific levers for underlying market outgrowth." In the same note, Wojs raised his price target to $75 per share from $65, implying potential upside of 17% over the next 12 months.
Yahoo
22-06-2025
- Business
- Yahoo
Needham Reiterated a Buy Rating on Zeta Global (ZETA), Kept the PT Unchanged
Zeta Global Holdings Corp. (NYSE:ZETA) is one of the 11 Best Tech Stocks to Buy On the Dip. On June 10 Needham analyst Scott Berg reiterated a Buy rating on Zeta Global Holdings Corp. (NYSE:ZETA) with a price target of $10. The reiterated bullish sentiment comes after the company unveiled its Zeta Answers, an advanced AI-powered intelligence framework that automates the entire process from insights to outcomes. Zeta Answers uses multiple AI agents working together to provide marketers with direct and seamless paths. Management noted that the advancement has reaped significant benefits for early adopters including a 30% increase in engagement, a 10% increase in native ad performance, and enterprise campaigns achieving over four times higher conversion rates. A marketing manager looking at the data dashboard of a marketing automation software showing successful campaign results. Scott Berg highlighted that one of the factors that sets Zeta Global Holdings Corp. (NYSE:ZETA) apart from its competitors is its differentiated products which are sold to a diverse set of clients. Moreover, this topped with the company's market position and potential for growth positions it to achieve its fiscal 2028 goals. During the fiscal first quarter of 2025, Zeta Global Holdings Corp. (NYSE:ZETA) delivered $264 million in revenue reflecting a 36% year-over-year growth. This was driven by a 19% increase in scaled customers which reached 548 customers. Management increased its Q2 revenue guidance from $295 million to $298 million, up $2 million at the midpoint from the prior guidance of $295 million. While we acknowledge the potential of ZETA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term 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
29-05-2025
- Business
- Yahoo
Needham Maintains Buy Rating on Sprout (SPRT) After Positive Customer Review
On May 28, Needham's analyst Scott Berg maintained a Buy rating on Sprout Social, Inc. (NASDAQ:SPT) while keeping the price target unchanged at $32. The analyst noted Caesars Entertainment Inc (NASDAQ:CZR), whose uses Sprout's platform highlighted its effectiveness thereby building a value proposition for the company. In addition, Sprout Social, Inc. (NASDAQ:SPT) also introduced a series of new features and upcoming enhancements designed to transform how brands provide customer care on social media. A marketing manager in a boardroom making decisions about the company's social media management platform. Earlier in May, the company delivered its Q1 2025 results highlighting 13% year-over-year revenue growth and improved total remaining performance obligations (RPO) of $360.2 million. Analyst Scott Berg believes the company's strategic edge lies in the simplicity, ease of implication, and solid management abilities of its platform. Sprout Social, Inc. (NASDAQ:SPT) is a cloud-based social media management platform that allows businesses to manage, measure, and optimize their online presence across multiple social media networks and commerce platforms. While we acknowledge the potential of SPT 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 SPT and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Needham Maintains Buy Rating on Sprout (SPRT) After Positive Customer Review
On May 28, Needham's analyst Scott Berg maintained a Buy rating on Sprout Social, Inc. (NASDAQ:SPT) while keeping the price target unchanged at $32. The analyst noted Caesars Entertainment Inc (NASDAQ:CZR), whose uses Sprout's platform highlighted its effectiveness thereby building a value proposition for the company. In addition, Sprout Social, Inc. (NASDAQ:SPT) also introduced a series of new features and upcoming enhancements designed to transform how brands provide customer care on social media. A marketing manager in a boardroom making decisions about the company's social media management platform. Earlier in May, the company delivered its Q1 2025 results highlighting 13% year-over-year revenue growth and improved total remaining performance obligations (RPO) of $360.2 million. Analyst Scott Berg believes the company's strategic edge lies in the simplicity, ease of implication, and solid management abilities of its platform. Sprout Social, Inc. (NASDAQ:SPT) is a cloud-based social media management platform that allows businesses to manage, measure, and optimize their online presence across multiple social media networks and commerce platforms. While we acknowledge the potential of SPT 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 SPT and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
Globe and Mail
29-05-2025
- Business
- Globe and Mail
‘Time to Judge Salesforce's (NYSE:CRM) $8B Bet,' Wall Street Analysts Weigh In
Salesforce's (CRM) $8 billion acquisition of Informatica (INFA) is drawing reactions from analysts, ahead of its Q1 earnings report. While several analysts see it as a strategic move to enhance AI and data capabilities, some question its execution and impact on growth. Confident Investing Starts Here: Analysts Bullish on Salesforce-Informatica Deal Among the bullish analysts, Arjun Bhatia from William Blair reiterated a Buy rating on CRM stock. He praised Salesforce's disciplined M&A strategy, as the deal was struck at 30% below prior discussions in 2024. Also, the Top analyst believes that Informatica's data capabilities will boost Salesforce's AI roadmap. Similarly, analyst Scott Berg from Needham highlighted Informatica's key role in CRM's Agentforce AI ecosystem. While Berg noted high valuation concerns, he sees long-term benefits from stronger data integration tools. The analyst maintained a Buy rating on the stock with a price target of $400 (44.3% upside). Also, Bradley Sills from BofA Securities backs the deal for its financial benefits, expecting it to boost CRM's adjusted operating margin and free cash flow within two years. He believes cost synergies and better data infrastructure could make the deal accretive even sooner. Sills assigned a Buy rating to Salesforce stock but cut the price target to $350 (26.3% upside) from $360. RBC Capital Flags Risks RBC Capital analyst Rishi Jaluria warned that investors may view the deal negatively, citing Informatica's past execution struggles and the lack of existing integration with Salesforce assets. Also, there are concerns about how much the deal will boost margins. Nevertheless, Jaluria reiterated a Buy rating on CRM stock with a price target of $420, which implies 51.5% upside. Analysts' View Ahead of CRM's Q1 Earnings Ahead of Q1 results, analysts expect Salesforce to report earnings per share of $2.55, up 4.5% from the prior-year quarter. Also, the company's revenue is expected to increase by about 7% to $9.75 billion in the first quarter. Given the deal announcement, investors are likely to closely watch Salesforce's guidance on how it plans to merge Informatica into Agentforce and Data Cloud. They will also focus on the $8 billion deal's effect on margins and cash flow. Is CRM a Buy, Hold, or Sell? Turning to Wall Street, CRM stock has a Moderate Buy consensus rating based on 27 Buys, seven Holds, and two Sells assigned in the last three months. At $350.58, the average Salesforce stock price target implies a 26.48% upside potential. See more CRM analyst ratings Disclaimer & Disclosure Report an Issue
