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Many workers have expressed fears that the technology will show up at the office like a young gun coming for their job. Williams expects some of the biggest gains from AI won't center on what companies and workers are doing now. Instead, he sees major wins coming from what workers aren't doing but that AI could. Filling in when help is scarceOne reason jobs sometimes aren't getting done is because there aren't always enough workers. If AI could be deployed to help with this work, the time the task takes might get cut in half, Holding said.
Persons: Heather Holding's, she'd, couldn't, let's, Ron Williams, Williams, that's, Jérôme Pesenti, Pesenti Organizations: AIs, Facebook
The following stocks have beat analyst expectations at least 85% of the time and rise at least 1% on average after they release their earnings results, per data from Bespoke Investment Group. The company has managed to beat earnings and revenue estimates 96% and 89% of the time, respectively. ANET YTD mountain ANET in 2023 Workiva Workiva is another cloud software company that made the cut. Workiva also has a strong history of outperforming estimates, with 100% and 97% earnings and revenue beat rates, respectively. Workiva shares have tumbled about 16% from their year-to-date highs in September, paring some of the stock's year-to-date gains down to 12.5%.
Persons: Eli Lilly, Goldman Sachs, We're, Michael Ng, Workiva, paring, — CNBC's Michael Bloom Organizations: Apple, Moderna, PayPal, Starbucks . Companies, CNBC Pro, Investment, Apple Investors, JPMorgan, Arista Networks, Evercore ISI Locations: China
UBS reiterates Netflix as buy UBS said it's standing by its buy rating on shares of the streaming giant. Morgan Stanley reiterates Ambarella as overweight Morgan Stanley said it's bullish on shares of the semiconductor company heading into earnings this week. " UBS reiterates Disney as buy UBS said it's standing by its buy rating on shares of the entertainment giant. Morgan Stanley downgrades CrowdStrike to equal weight from overweight Morgan Stanley said it's cautious heading into earnings later this week. Morgan Stanley names LifeStance Health Group a top pick Morgan Stanley said shares of the behavioral health company are compelling.
Persons: Tesla, Canaccord, it's bullish, it's, Morgan Stanley, Ambarella, JMP, Piper Sandler, Piper, Bernstein, L3Harris, Evercore, Jefferies, Morgan Stanley downgrades CrowdStrike, Zimmer, BTIG, Wells, Dwight, Truist, Wolfe, Stifel, defensives Organizations: UBS, Netflix, Disney, Pagaya Technologies, MCW, OW, JetBlue, " Bank of America, Bank of America, Akero Therapeutics, RBC, Tetra Tech, Tech, Amazon, LifeStance Health, Mobility, UGI Corporation, TAM, Nike, NIKE, Endeavor Group, Media, Entertainment, Costco, AutoZone, Walmart Locations: China, Underperform, ORLY
Goldman Sachs upgrades Petrobras to buy from neutral Goldman Sachs said the Brazilian petroleum company has an attractive valuation. "As such, we believe the potential for sustained upside to Street OI estimates ahead will be a key catalyst for shares." Citi initiates Everest as buy Citi initiated coverage of the insurance company and said it's "capitalizing on the most favorable reinsurance underwriting environment in decades." Goldman Sachs reiterates Nike as buy Goldman Sachs said it's standing by its buy rating heading into Nike earnings next week. Goldman Sachs reiterates Micron as buy Goldman said it's standing by its buy rating on the stock heading into earnings next week.
Persons: Barclays downgrades Tesla, Goldman Sachs, Wolfe, it's bullish, TD Cowen, Ralph Lauren, it's, Cowen, Jefferies, OneSpaWorld, Oppenheimer, Uber, Bud, JPMorgan, Tyler, Goldman, Bernstein, Oracle, Needham, Christine McCarthy, Snowflake, Shopify, Morgan Stanley, Dell, Yvonne McGill, Apple Organizations: Street, Barclays, LT, Petrobras, Spotify, BMO, Adobe, Citi, Bank of America, FedEx, Nike, IAC, Amazon, Molson Coors Citi, TAP, Tyler Technologies, Micron, Oracle, — Oracle, Windows, Disney, DIS, Carnival, TAM, Deutsche Bank, Dell, IR, Apple Locations: OW, 2H23, Nike's
Companies are shoring up sustainability experience in the boardroom as they face mandatory climate-disclosure regulations. Among Fortune 500 companies, 25% of board appointees in 2022 had previous experience on sustainability committees, up from 14% in 2021, according to executive search firm Heidrick & Struggles International Inc. “Boards feel like they don’t always have the right skills, knowledge, language about what’s going on,” she said. In the longer term, the work of these sustainability committees should be more integrated into the company’s overall strategy, Ms. Breeden said. The agenda of sustainability committees varies among companies and industries, Ms. Breeden said.
It's time to buy emerging software stocks Vertex and Workiva , according to Goldman Sachs. Back-office software company Workiva offers an "increasingly essential" business reporting process for companies navigating a complex regulatory environment, according to the note. The analyst issued a 12-month price target $101 that represents about 39% upside from Thursday's close of $27.91. Tax technology software company Vertex has an "underappreciated moat" around its enterprise business, and is positioned for "outsized growth" as it transitions into the cloud market, Goldman said. The analyst set a 12-month price target of $20 on Vertex, implying roughly 25% upside from Thursday's closing price of $15.94.
Telsey downgrades Under Armour to market perform from outperform Telsey said it's concerned about too much inventory weighing on the stock. Bank of America downgrades Snap to neutral from buy Bank of America downgraded the stock after its "mixed" earnings report. " JPMorgan reiterates Apple as overweight JPMorgan said investors are too focused on iPhone growth heading into Apple earnings next week. Raymond James downgrades KB Home, Toll Brothers and PulteGroup to market perform from strong buy and D.R. Horton to outperform from strong buy and Lennar to market perform from outperform Raymond James downgraded several homebuilders due to rising mortgage rates.
Sept 28 (Reuters) - Cloud-based data platform Workiva (WK.N) has received takeover interest from private equity firms Thoma Bravo and TPG (TPG.O), Bloomberg News reported on Wednesday citing sources familiar with the matter. Private equity firms have taken several software companies including Anaplan and Zendesk Inc private this year. Thoma Bravo this year has acquired cybersecurity firm SailPoint, agreed to buy Ping Identity Holding (PING.N) and has expressed interest in British firm Darktrace Plc (DARK.L) and Australia's Nearmap (NEA.AX). Workiva, which currently has a market value of $3.4 billion, told Reuters it would not comment on market rumors and speculation. Thoma Bravo and TPG did not immediately respond to a Reuters request for comment.
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