Latest news with #Wedbush
Globe and Mail
11 hours ago
- Business
- Globe and Mail
Why Shares of Uber Are Sinking Today (Hint: It Has to do With Tesla)
Shares of the ride-hailing giant Uber (NYSE: UBER) traded roughly 4.5% lower in the final half-hour of trading today after a Wall Street analyst cited a potential threat to Uber's business model and long-term strategy. Competition from Tesla could be an issue In a research note, Wedbush analyst Scott Devitt maintained a "neutral" rating on Uber and an $85 price target but noted that Tesla's soon-to-launch robotaxis present a threat to the company's long-term vision. The news comes after Bloomberg reported that Tesla plans to launch robotaxis in Austin on June 12. In the note, Devitt said that a fully autonomous ride-hailing fleet could significantly disrupt Uber's human-powered fleet. Tesla's CEO Elon Musk has also indicated that Tesla may try and set up its own ride-hailing network rather than partnering with an existing player. Meanwhile, Uber has positioned itself as the strategic partner for autonomous vehicle companies, having already formed partnerships with Waymo and Pony AI, among others. Uber believes that its massive fleet, operational platform, and regulatory expertise make it an ideal partner for self-driving companies looking to scale. It's still early for autonomous driving While the market seems to be taking Wedbush's concerns seriously, I think it's still too early to say that Uber is in trouble. It will take Tesla time to scale, and it could still take awhile for autonomous ride-sharing to gain widespread traction. Plus, Musk and Tesla have never run a ride-hailing fleet before. They may still end up partnering with Uber. Uber has transformed itself financially, becoming profitable and generating significant free cash flow. I also think there will likely be more than one winner in the autonomous space. Interested investors can buy the dip here. Should you invest $1,000 in Uber Technologies right now? Before you buy stock in Uber Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Uber Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor 's total average return is978% — a market-crushing outperformance compared to170%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025
Yahoo
12 hours ago
- Business
- Yahoo
Wedbush: Apple Inc. (NASDAQ:AAPL) Could Face US Pressure, But India Key to Avoiding $3,500 iPhones
Wedbush analyst Daniel Ives believes Outperform-rated Apple Inc. (NASDAQ:AAPL) has put itself in a very hedged supply chain strategy heading into iPhone 17 production this Fall. Apple is a consumer electronics firm. All of the advisory's work in the supply chain throughout Asia over the past few weeks gives it a high level of confidence that Cupertino's aggressive push towards India production has been a very smart strategic move given the uncertain tariff environment facing Apple in China. Wedbush thinks Apple could ramp iPhone assembly production in India up to 60%-65% by the Fall in a best-case scenario but could easily pivot back to a China driven iPhone strategy depending on the tariff situation and deal negotiations. The advisory fully expects more pressure from the Trump Administration on Apple to build iPhone production in the US, but this would result in an iPhone price point that is a non-starter for the company and translate into iPhone prices of $3,500 if it was made in the US and this would take many years. A wide view of an Apple store, showing the range of products the company offers. While we acknowledge the potential of AAPL, 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 AAPL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires 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
20 hours ago
- Business
- Yahoo
Argenx added to Best Ideas List at Wedbush
Wedbush added Argenx (ARGX) to the firm's Best Ideas List as it believes the company is uniquely positioned to deliver sustained, market-leading growth in the autoimmune space, driven by continued expansion of Vyvgart and an emerging pipeline of assets that can sustain long-term momentum. Wedbush has an Outperform rating on the shares with a price target of $715. 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 ARGX: Disclaimer & DisclosureReport an Issue Argenx pullback brings 'attractive buying opportunity,' says Citi Argenx Se: Strong Growth Prospects and Attractive Buying Opportunity Amid Vyvgart Expansion and Upcoming Catalysts Argenx price target lowered to $699 from $701 at Citizens JMP Argenx upgraded to Outperform from Neutral at Baird Argenx Se: Buy Rating Affirmed Amid Pricing Strategy Confidence and Promising Growth Prospects
CNBC
21 hours ago
- Business
- CNBC
Here are Thursday's biggest analyst calls: Nvidia, Tesla, Salesforce, AppLovin, Broadcom, Netflix, Southwest & more
Here are Thursday's biggest calls on Wall Street: Bank of America reiterates Salesforce as buy Bank of America said Wednesday's earnings report was "not a game changer" but that's sticking with the stock. "We believe Salesforce is well positioned to continue capturing share of the cumulative $200 billion market opportunity." JPMorgan reiterates HP Inc as overweight JPMorgan said it's sticking with the stock following earnings on Wednesday. " HPQ is leveraging a combination of price increases as well as supply chain changes to offset the effect of tariffs on margins, but is expected to reach closer to neutralizing the headwinds in F4Q, with part of F3Q still challenged by the tariff landscape." Citi names AppLovin a top pick Citi thinks the stock may be added to the S & P 500. "We are elevating AppLovin to our top pick driven by three items: 1) We believe APP could be included in the S & P500 in the upcoming index rebalancing round on June 6, 2025, 2) We believe the launch of APP's self-serve tools are apt to accelerate eCommerce revenues in 4Q25 and 2026 and 3) We sense that APP is not widely held by the majority of our clients as many investors view the firm as a 'black box'." Wedbush reiterates Tesla as outperform Wedbush said it's standing by the stock after Elon Musk officially announced he was leaving Doge. "In another clear positive step for Tesla bulls, Elon Musk officially left the Trump White House last night ... which is music to the ears of Tesla shareholders with Musk now laser focused on Tesla and the autonomous vision ahead." Barclays downgrades Aspen Aerogels to equal weight from overweight Barclays said it sees too many negative catalysts for Aspen. "With the phasing out of EV tax credits and GM slowing its domestic EV production, we have materially lowered our assumptions over the next several years and consequently downgrade our rating to Equal Weight after cutting our 2026E EBITDA by 20%." TD Cowen downgrades Starbucks to hold from buy TD Cowen said it's concerned about "deteriorating value perceptions." "We forecast Starbucks settling into a new 2026-28 EPS base vs. consensus that does not appear to be considering labor investments central to the turnaround. We also see risk that a return to normalized SSS is delayed by deteriorating value perceptions, historical underperformance in recessions, & increased competition." Bank of America reiterates Nvidia as buy Bank of America raised its price target on top pick Nvidia to $180 per share from $160 following earnings on Wednesday. "Our positive view on Nvidia is based on its underappreciated transformation from a traditional PC graphics chip vendor, into a supplier into high-end gaming, enterprise graphics, cloud, accelerated computing and automotive markets." Deutsche Bank reiterates Broadcom as buy Deutsche said it's bullish ahead of earnings next week and the stock remains a favorite idea. "Overall, we continue to view AVGO as offering a unique combination of upside drivers with its AI business ramping in XPUs + Connectivity, its cyclical businesses slowly rebounding, and its Software business benefitting from VMW integration. As such, AVGO remains one of our favorite names in semis." Deutsche Bank reiterates GE Aerospace as buy Deutsche raised its price target on the stock to $300 per share from $261. " GE is hosting an investor day at the Paris Air Show on June 17. We think the company will likely raise 2025 guidance, raise 2028 guidance, and offer some longer-term color on a handful of discrete operational items to help partially frame expectations for future earnings growth post 2028." Jefferies downgrades GE Vernova to hold from buy Jefferies downgraded the stock on valuation. "We see accelerating demand for power infrastructure and a structural pruning of a challenged Offshore Wind business driving EBITDA and FCF margins well above the Street as GE Vernova completes its turnaround amid structurally constructive conditions." Deutsche Bank upgrades Southwest to buy from hold Deutsche said it sees more robust shareholder returns for the airline. "The three drivers behind our Buy rating are as follows: 1) Southwest's refreshed board of directors has ushered in a new era of change at the company, which we think will drive higher shareholder returns; 2) current strategic initiatives should drive meaningful revenue and EBIT growth over the next 12 - 24 months; and 3) we think Southwest's return on invested capital will significantly improve over the next two years." Citi reiterates Procter & Gamble a top pick Citi said the consumer goods company is a top idea at the firm. "Procter & Gamble (PG) is our preferred Buy rated name in the space, with a potential for OSG [organic sales growth] re-acceleration to the 3%+ range as the US market improves (evidenced in scanner data) and China moves to flattish (after two years of large declines)." Piper Sandler upgrades Claritev to overweight from neutral Jefferies downgrades Cleveland-Cliffs to hold from buy Jefferies downgraded the steel company following Nippon's deal for U.S. Steel. "Protectionist policies will help, but the outlook for steel in the US has become less positive at the margin. We downgrade Cliffs , which is most leveraged to changes in steel pricing, to Hold to reflect this view." Roth MKM initiates USA Rare Earth as buy Roth said the rare earth company is well positioned. "We are initiating coverage on USA Rare Earth (USAR) with a Buy rating and a $15 price target." RBC downgrades Salesforce to sector perform from outperform. RBC downgraded the stock following earnings on Wednesday. "We are downgrading our rating on Salesforce from Outperform to Sector Perform and lowering our price target to $275 from $420 after Salesforce reported a relatively in-line quarter. Our downgrade is primarily driven by the formally announced acquisition of Informatica for $8B..." Citi reiterates Netflix as neutral The firm raised its price target on the stock. "We are not making any changes to our estimates for Netflix. However, we are raising our target price from $1,020 to $1,250 per share." Wells Fargo upgrades Tenet Healthcare to overweight from equal weight Wells said it likes the hospital company's growth strategy. "We think THC's hospital portfolio rationalization and USPI [United Surgical Partners International] growth strategy has been highly effective."
Yahoo
a day ago
- Business
- Yahoo
Nvidia beats on earnings again — even while it's locked out of China
Nvidia (NVDA) continues to soar beyond expectations — even if things are a little more complicated this time around. Its strong first-quarter headline numbers show that Nvidia's AI thesis is as strong as ever and that its margins remain elite, despite facing significant headwinds due to U.S. export restrictions on its H20 processors to China and other geopolitical concerns. After the bell on Wednesday, the $3.3 trillion chipmaker reported $44.1 billion in revenue for the fiscal first quarter, up 69% from the same period a year ago, and the company reported a $18.78 billion profit. Analysts had forecasted a revenue surge to $43.26 billion. The H20 restrictions led to a $4.5 billion write-down related to excess inventory and a $2.5 billion revenue shortfall, affecting the company's gross margins. Adjusted earnings per share came in at $0.81, ahead of Wall Street estimates of $0.75. Nvidia took a $4.5 billion charge related to exports of its H20 chips to China; without that charge and the related tax impact, first quarter non-GAAP diluted earnings per share would have been $0.96. Stock soared over 5% in after-hours trading. With demand for generative AI infrastructure still booming and competitors struggling to catch up, Nvidia's performance exceeded expectations. In a Tuesday note, Wedbush analysts led by Dan Ives said that Nvidia's earnings would likely be a 'bright green light' for the tech sector — especially companies heavily invested in the 'AI Revolution.' And it was. The company's Data Center division brought in an almost unreal $39.1 billion in the first quarter, up 10% from the previous quarter and up 73% from a year ago. That means Nvidia's fastest-growing segment is now responsible for nearly 89% of all revenue — a sign of how deeply embedded its chips are in the AI build-out. Analysts had expected this division to generate $21.27 billion in Q1 revenue. Looking ahead, Nvidia projects Q2 revenue around $43 billion, slightly below Q1 figures, with gross margins expected to remain in the low 70% range. In his note, Ives wrote that, over the past several years, Nvidia's set-up has been about by how much the company would beat Wall Street's expectations, but this quarter, the earnings were 'more about strong numbers and the ability to maintain guidance despite the China blockade. Investors are more laser focused on the medium term and long-term outlook.' Nvidia has long relied on the Chinese market for a sizable chunk of its revenue, but that has changed dramatically in the wake of tightening U.S. export controls and tariffs. To maintain its foothold, Nvidia is pursuing R&D efforts in Shanghai and developing China-specific downgraded chips that comply with current restrictions. The company is ground zero in the U.S.-China tech rivalry — its GPUs might just be the most valuable components in the AI arms race, and its position is increasingly shaped by policy, not just engineering. Nvidia has beat analysts' earnings expectations in 14 of the past 16 quarters. So can anything slow Nvidia down? Maybe. Competition is heating up. AMD (AMD) and Intel (INTC) are sharpening their AI chip offerings, while hyperscalers are continuing to invest in custom silicon. And export restrictions remain a geopolitical wild card. Still, as the first-quarter earnings show, Nvidia's moat is wide. Its software ecosystem, deep relationships with cloud providers, and product cadence make it more than just a chipmaker. It's the AI era's platform company. For the latest news, Facebook, Twitter and Instagram.
