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Search resuls for: "Bernie McTernan"


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It may be too early for investors to start checking out shares of Instacart , according to Needham. Analyst Bernie McTernan initiated coverage of the grocery delivery company with a hold rating, citing concerns over rising competition and slowing penetration in a Tuesday note to clients. The commentary from Needham follows Instacart's closely watched Nasdaq debut . CART 1D mountain Share performance since IPO Instacart triumphed during Covid-19 pandemic shutdowns, which pushed more consumers toward online grocery delivery. The trend boosted the company's compound annual growth rate nearly 130% between 2019 and 2022, with Instacart expected to post more than $1 billion in adjusted EBITDA in 2023, according to Needham.
Persons: Needham, Bernie McTernan, Instacart's, Instacart, McTernan, — CNBC's Michael Bloom Organizations: Nasdaq, Walmart Locations: Instacart, Needham, Amazon
The NFL season began on Thursday, with the Detroit Lions defeating the Kansas City Chiefs. The gaming stocks listed below have buy ratings from more than 60% of analysts and upside to the average price target of greater than 20%, according to FactSet. Caesar's Entertainment has the most upside on the list, with an average price target 37% above its most recent closing price. Barclays analyst Brandt Montour said in a Sept. 7 note to clients that Caesar's could see a boom in non-sports online gambling. DraftKings is Needham's top pick in gaming, though the average analyst price target on the stock is below 20%.
Persons: Brandt Montour, We're, Montour, skews, Churchill, FactSet, DraftKings, Needham, DKNG, Bernie McTernan, — CNBC's Michael Bloom Organizations: NFL, Wall Street, Detroit Lions, Kansas City Chiefs, Caesar's Entertainment, Barclays, MGM Resorts International, Kentucky Derby Locations: U.S, 3Q23
Expectations for underwhelming future growth have pushed Bank of America onto the sidelines with Peloton . Analyst Justin Post downgraded the workout stock to neutral from buy and cut his price target in half to $6.50. Still, Post's shaved target still implies an upside of 20.1% from where the shares finished Wednesday. Peloton beat revenue expectations in the fiscal fourth quarter when reporting Wednesday, but it also posted a bigger-than-anticipated loss . Peloton shares have tumbled nearly 23% so far this week.
Persons: Justin Post, Post, Needham, Bernie McTernan, — CNBC's Michael Bloom Organizations: of America
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft needs to stabilize higher for the stock to succeed long term, says Needham's Bernie McTernanBernie McTernan, Needham analyst, joins 'Power Lunch' to discuss Lyft's co-founders stepping down, how the CEO change will impact Lyft, and more.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvaluation for Uber is more reasonable than previous years, says Needham's Bernie McTernan. Bernie McTernan of Needham breaks down his company's buy rating on Uber.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUber's our top pick because of the company's focus on profit and growth, says Needham's McTernanBernie McTernan, Needham, joins 'TechCheck' to discuss why he sees a premium with Uber's stock, how he gauges the company's profitability and if driver availability is an issue.
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