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With the second-quarter earnings season beginning to gain steam, Evercore ISI's Mark Mahaney has updated his list of tactical calls. He has a $225 price target on shares, indicating upside potential of about 20%. "We continue to believe that recent concerns about UBER being negatively impacted by an AV rollout are mis-placed," said Mahaney. Mahaney added that Uber shares are currently trading at a "very attractive" valuation of around 20 times enterprise value to free cash flow. With shares trading approximately 30% below their 52-week high, Mahaney thinks now is an attractive time to enter what he calls "a best-in-class ecommerce platform business."
Persons: Mark Mahaney, Mahaney, Uber, Evercore Organizations: Technologies, Expedia, Google, Mobility, TAM, Amazon Locations: Monday's
Wall Street analysts are bullish on Amazon heading into earnings. Here's how several analysts are trading Amazon ahead of its latest earnings report. Bank of America is also bullish, maintaining its buy rating and $154 price target into earnings, which suggests roughly 20% upside. "We continue to see an attractive set-up on the stock based on our Triple Trough Thesis (trough multiple, trough margin, and trough revenue growth). On Monday, the firm reiterated its buy rating and $145 price target, which suggests 13% upside from Wednesday's close.
Persons: StreetAccount, Morgan Stanley, Brian Nowak, Nowak, Lloyd Walmsley, Walmsley, Justin Post, Amazon's, Mark Mahaney's, Mahaney, — CNBC's Michael Bloom Organizations: Amazon Web Services, UBS, Bank of America, AWS, Triple, Citi Locations: 1Q23
Analyst Mark Mahaney upgraded the visual discovery platform to outperform from in line and raised his price target by $11 to $41. Mahaney's new price target implies the stock could rally 40.7% over the next year. The result: "Generating very high double digit EBITDA growth (e.g. He also called current valuation reasonable, at 27 times and 21 times enterprise value-to-EBITDA for 2024 and 2025, respectively. The $41 price target is based on a 30-times EBITDA at $833 million in 2025.
Persons: Mark Mahaney, Bill Ready, Mahaney, — CNBC's Michael Bloom Organizations: Mahaney, Amazon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeople choose Amazon because of price selection and convenience, says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, joins 'Squawk on the Street' to discuss why Mahaney's not worried about the latest news from the FTC, if the FTC's lawsuit represents a threat to Amazon's business, and more.
Persons: Evercore, Mark Mahaney Mark Mahaney, Mahaney's Organizations: Email People
But top tech analyst Mark Mahaney has a positive outlook on the sector. Top stock picks Mahaney said Netflix is "at the top of my list of stocks that we are recommending this year." "One of the reasons I like Uber is that it has just hit this free cash flow inflection point," he told CNBC last week. "They finally reached positive free cash flow for the first time in the June quarter and repeated that trick in the September quarter. Mahaney has a price target of $115 on the stock – an implied potential upside of 53% to its Jan. 5 closing price.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacro trends decelerating, so find companies that have taken out costs, says Evercore's MahaneyMark Mahaney, Evercore ISI, joins 'Power Lunch' to discuss what's setting Netflix up for a strong start in 2023, how crucial content is to Netflix's ad-tier plans and Mahaney's thoughts on Uber and Wix.
Despite a painful year for internet stocks, opportunities in the beaten-up sector are plentiful for investors positioning for a recovery, according to top tech analyst Mark Mahaney. Similarly, Mahaney views the company's cheaper ad-supported tier as a slightly recession-protective offering that can also drive a reacceleration in revenue growth. Heading into the new year, Mahaney also likes Uber , with the firm's price target suggesting shares can nearly triple from Friday's close. Mahaney also named Booking Holdings among his top internet picks, highlighting the company's roughly $1.1 trillion total addressable market opportunity and "asset-light" business model. Booking shares have tumbled about 16% this year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: Evercore ISI analyst Mark Mahaney's favorite tech stocks for traders and investorsKristina Partsinevelos hosts Evercore ISI's Mark Mahaney to discuss the best stocks to own durning market volatility and Federal Reserve rate hikes.
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