DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Brad Erickson"


6 mentions found


☆ RBC downgrades DoorDash and cuts price target, citing slowing order growth 'too important to ignore'
  + stars: | 2022-12-02 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +2 min
There are a slew of factors weighing on DoorDash that have prompted RBC Capital Markets to downgrade the stock after a rough year. The firm slashed its rating to sector perform from outperform and lowered its price target on the delivery service to $60 from $70. The new target price represents roughly 5% upside to where shares traded at Thursday's close. Furthermore, RBC sees it as poised to decelerate further, which is not adequately priced into the stock. In addition, losses from various growth initiatives at DoorDash would need to come down significantly to be offset by cost cuts, according to the note.
☆ Amazon layoff numbers could increase, says RBC's Brad Erickson
  + stars: | 2022-11-16 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon layoff numbers could increase, says RBC's Brad EricksonRBC's Brad Erickson joins 'TechCheck' to discuss Amazon's latest announcement regarding layoffs, the concerns about ad budgets in 2023 and the e-commerce expansion/contraction fueled by Covid-19.
☆ 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.
☆ Amazon's cloud business just reported its slowest growth ever, and executives hinted it could get even worse
  + stars: | 2022-10-27 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +3 min
Amazon's cloud business grew 27% in Q3, the slowest pace since disclosing that number in 2014. CFO Brian Olsavsky said the growth rate was even lower in the back-end of the third quarter. On Thursday, Amazon's cloud business reported a 27% revenue growth rate for the third quarter, the slowest expansion since the company started disclosing the number in 2014. During Thursday's analyst call, Olsavsky said AWS's growth rate decelerated as the third quarter progressed, falling down to the "mid-20% growth rate" in the latter part of the period. To help those customers, AWS is offering lower-priced options and a more cost-efficient chip processor service, he said.
☆ Snap's slowing ad growth sends inflation fears through tech sector
  + stars: | 2022-10-20 | by ( Sheila Dang | ) www.reuters.com   time to read: +4 min
Social media stocks collapseIn a letter to investors, Snap said inflation caused some advertisers to reduce their marketing budgets. Wall Street had forecast 7% growth, said Brad Erickson, an analyst at RBC Capital Markets, in a note after the results. Revenue for the third quarter ended Sept. 30 was $1.13 billion, an increase of 6% from the prior-year quarter. Snap said advertising revenue has historically followed the growth and engagement of its user base, and "we remain optimistic about our long-term opportunity." Adjusted earnings per share was 8 cents during the third quarter, beating analyst expectations of breakeven.
☆ RBC downgrades Lyft, says it may be falling behind Uber
  + stars: | 2022-10-07 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Lyft may be falling behind competitor Uber, according to RBC Capital Markets. Analyst Brad Erickson downgraded shares of Lyft to sector perform from outperform, and slashed his price target, saying the ride hailing company appears to be struggling to gain an edge. RBC dropped the price target to $16 from $30. The new price target represents about 16.8% upside from where shares closed Thursday at $13.70. Shares of Lyft cratered — down roughly 68% in 2022, and 76% off its 52-week high — as investors pivoted away from growth names.
<< prev 1 next >>
Total: 6