Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Josey"


9 mentions found


Analysts liked what they saw from Meta Platform 's latest earnings report. The company projects revenue between $29.5 billion and $32 billion, while analysts expected sales of $29.5 billion, per Refinitiv. Goldman's Eric Sheridan also hiked his price target to $300, noting Meta maintained its momentum from the fourth quarter of 2022. Meanwhile, Bank of America's Justin Post noted that Meta's revenue recovery can drive the next leg higher for the stock. He also hiked his price target on Meta shares to $305 from $270, implying upside of 45.6%.
For decades the U.S. Air Force has relied on the E-3 Sentry, and the most recent version, the E-3G, has been upgraded with more modern electronics and software to keep up with new threats. 'The best way to describe it is kind of like the quarterback in the sky," said Air Force Col. Keven Coyle, commander of the 552nd Air Control Wing. In the most recent budget, Congress appropriated an additional $200 million for the Air Force to develop a prototype to meet that need. A Royal Australian Air Force E-7A Wedgetail takes off during Black Flag 22-1 at Nellis Air Force Base, Nevada, May 10, 2022. A U.S. Air Force E-3G taxies on a runway at Tinker AFB By Brad Howard, CNBC
Microsoft won the first round in the battle to become the next big artificial intelligence leader, but analysts think Alphabet 's ability to overtake its competition in the long-run shouldn't be underestimated. "We think Google's big reveal is still to come, which we would expect in weeks and not months." On the heels of its multibillion dollar investment in ChatGPT-creator OpenAI, Microsoft on Tuesday announced new AI versions of its Bing search engine and Edge browser. "We believe GOOGL has the AI tech and scale to maintain/grow its leading user base," wrote Morgan Stanley's Brian Nowak. He also expects Google's AI product visibility to improve over the next few months — and easily offset some higher AI search costs.
Landing the NFL's Sunday Ticket could help YouTube-parent Alphabet accelerate its subscription services, according to Citi. "[We] believe the Sunday Ticket could accelerate adoption of more subscription services," Josey added. The price target implies shares could surge 36% from Thursday's closing price. The Sunday Ticket package will be available to viewers as an add-on service on YouTube TV, or on YouTube Primetime Channels as a stand-alone a la carte option. In July, Google said YouTube TV has more than 5 million customers, which included trial subscriptions.
Watch CNBC's full interview with Citi analyst Ron Josey
  + stars: | 2022-12-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Citi analyst Ron JoseyRon Josey, Citi analyst and managing director, joins 'TechCheck' to discuss the bull case for Amazon and Meta, the spending slowdown associated with the transition to cloud and Citi's top tech picks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCloud-based apps that could benefit from the IT slowdown, with Citi's Ron JoseyRon Josey, Citi analyst and managing director, joins 'TechCheck' to discuss the bull case for Amazon and Meta, the spending slowdown associated with the transition to cloud and Citi's top tech picks.
Carvana could stand to regain some of its lost share value despite current headwinds and bankruptcy fears, according to Citi. He set a price target of $5.50, which reflects a 11.1% upside over Monday's closing price. Josey said Carvana currently accounts for just over 1% of used car sales, but the company would be positioned to generate share gains in a typical used car market. But in the near-term, he said "the combination of higher interest rates, declining used vehicle prices (after rising significantly from 2020 – present), limited new vehicle supply, and a weaker economic backdrop have created a challenging operating environment." Going forward, Josey said he will be watching the used car retailer's relationship with Ally, which is its primary funding partner, and Adesa, a used car auction it acquired.
DoorDash, Uber, & AirBNB on deck for earnings
  + stars: | 2022-10-31 | 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 EmailDoorDash, Uber, & AirBNB on deck for earningsRon Josey, Citi managing director, joins 'TechCheck' to discuss upcoming Big Tech earnings, ad products and engagement rates counteracting capex spending, and free cash flow becoming a popular metric as top-line ambiguity grows.
Revenue also came in short at $69.09 billion where Wall Street analysts anticipated $70.58 billion. Those weaker-than-expected results were driven by a slowdown in ad spending and a slip in revenue at YouTube, areas where analysts expected growth. Citi analyst Ronald Josey cut his price target on the company to $120 from $140 to reflect slower revenue growth and margin pressures. A leaner Alphabet Alphabet announced that it would slow hiring in the coming quarter in a move to increase efficiency. "We believe advertising, content and product sales are converging, and GOOGL appears to be ahead of this trend, which is promising."
Total: 9