DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Wolfe - 2 Deepak Mathivanan - 2 Piper Sandler - 1 Thomas Champion - 1 Michael Bloom - 1
Top related locs:
EBITDA Tuesday's
Top related orgs:
Wolfe Research - 2 Meta - 1

Search resuls for: "Deepak Mathivanan"


7 mentions found


☆ This internet stock nearly cut in half this year is ready for a big comeback, Wolfe Research says
  + stars: | 2023-09-14 | by ( John Melloy | ) www.cnbc.com   time to read: +1 min
Wolfe Research upgraded shares of Etsy , saying the one-time pandemic darling down nearly 50% this year is ready for a sizeable comeback. The firm raised its rating on Etsy to outperform from peer perform and set a $100 price target, representing more than 54% upside over the next 12 months. ETSY 5Y mountain Etsy - 5 years Etsy shares are down 46% so far in 2023 and about 80% from their pandemic high as inflation crimped consumers' wallets and investors dumped growth stocks in the wake of higher interest rates. Wolfe gave three reasons why the stock could rebound: a recovery in consumer spending with the improving economy, margin improvement potential and a better focus on its core franchise. "Our scenario analysis suggests that there are several paths for ETSY to reach over $850m in EBITDA in FY24," the note stated.
Persons: Wolfe, Deepak Mathivanan Organizations: Wolfe Research Locations: EBITDA
☆ Piper Sandler hikes Meta price target, says investors can have confidence in Reels, A.I. strategy
  + stars: | 2023-06-14 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
META YTD mountain Meta shares YTD Meta shares have already doubled this year and are 125% higher as the likelihood of a pause in interest rate hikes buoy the outlook for mega-cap tech stocks. The analyst's $310 price target, raised from $270, implies 14% upside from Tuesday's closing price of $271.32. Meanwhile, Meta's AI strategy is helping increase the time users spend on its platforms, improving its suite of tools for advertisers and building out an AI ecosystem. Piper Sandler was not the only Wall Street firm hiking its price target on Meta. Wolfe Research on Tuesday also raised its price target to $330, from $300, implying Meta can rise 21% from Tuesday's close.
Persons: Piper Sandler, Thomas Champion, Wolfe, Deepak Mathivanan, Michael Bloom Organizations: Meta, Wolfe Research Locations: Tuesday's
☆ Internet analysts are focusing on one big stock as their favorite 2023 comeback story
  + stars: | 2023-01-19 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
And Facebook parent Meta Platforms could be the next battered stock to make a recovery, according to analysts on Wall Street. The tech-heavy Nasdaq Composite tumbled a whopping 33% , with big names like Tesla , Meta and semiconductor stocks among the worst performers. META 1Y mountain Meta Platforms shares tumbled more than 64% in 2022 But tech stocks aren't out of the woods just yet. Wolfe Research also views Meta Platforms as a stock to buy, especially heading into fourth-quarter earnings. Any information or commentary that rationalizes that investment case could push the stock up, according to Wells Fargo analyst Brian Fitzgerald.
☆ A weak economy will test consumers' wanderlust, but these stocks could prove resilient in 2023
  + stars: | 2022-12-20 | by ( Michelle Fox | ) www.cnbc.com   time to read: +8 min
The U.S. Travel Association anticipates domestic leisure travel demand will hold up, although growth may be a bit slower in 2023. The stock has an average analyst rating of buy and 47% upside to the average price target, according to FactSet. Marriott has an average analyst rating of overweight and 13.5% upside to the average analyst price target, per FactSet. Norwegian has an average analyst rating of overweight and nearly 27% upside to the average analyst price target, while Royal Caribbean has an average analyst rating of overweight and about 24% upside to its average price target. However, Carnival has an average analyst rating of hold and 24% upside to the average price target.
☆ Wolfe Research downgrades travel stocks, says demand likely to slow as economic headwinds pick up
  + stars: | 2022-12-07 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Travel companies could be in trouble with a recessionary period could likely on the horizon, according to Wolfe Research. Analyst Deepak Mathivanan downgraded the online travel sector to market underweight from market weight, citing a potential demand decline as the economy contracts. However, we struggle to see travel demand exhibiting high levels of resiliency and growth during a slowing economy in 2023." The stock, which was down 4.4% on Wednesday, was held at peer perform. Also downgraded to underperform, he said Tripadvisor is seeing its value proposition "erode" as the travel research space grows.
☆ Amazon stock tumbles after downbeat sales forecast
  + stars: | 2022-10-28 | by ( Annie Palmer | ) www.cnbc.com   time to read: +2 min
Amazon shares plunged more than 8% on Friday, a day after the company projected sales in the holiday quarter would be far below expectations. Amazon shares pared back some losses from earlier Friday morning, when the stock was off about 50% from its highs, resulting in about a $940.8 billion hit to Amazon's value. Revenue in the third quarter came in at $127.10 billion, up 15% year over year, but slightly softer than Wall Street's expected $127.46 billion. Some analysts on Friday shaved their price targets for Amazon's stock to reflect near-term concerns. WATCH: Amazon misses on revenue, stock plummets on weak fourth quarter guidance
☆ Analysts remain confident in Amazon long term as shares crater, expect 'redemption story' ahead
  + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
Amazon 's disappointing quarterly results signaled to analysts that even the giants aren't immune to a macro slowdown. Analysts trimmed price targets and estimates to reflect a broader macro slowdown at the e-commerce giant following the results, with analysts at Deutsche Bank and Wolfe Research saying it's time to "batten down the hatches." However, most analysts remain bullish on the company's long-term trajectory, maintaining their outperform and buy ratings on the stock. That said, analysts across the board trimmed price targets and estimates to reflect the broader macro pressures. He trimmed his price target on the stock to $137 from $157 a share, suggesting 23% upside ahead for the stocks.
0 next >>
Total: 7