Top Wall Street analysts are upbeat on these stocks for the long haul

  • 📰 CNBC
  • ⏱ Reading Time:
  • 75 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 61%
  • Publisher: 72%

Uber Technologies Inc Новости

Block Inc,Amazon.Com Inc,Uber Technologies Inc

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Amazon and Uber Technologies.

The postelection rally has hit some turbulence in recent days, giving investors a bumpy ride in the near term. However, these choppy markets can harbor plenty of opportunities — for those who know where to look.

White highlighted that Amazon's revenue growth accelerated to 17%, with significant profit upside. Notably, Q3 operating profit exceeded his estimates, driving record operating margin at 11%. He also noted the sharp sequential rise in operating margins at Amazon Web Services, or AWS, and International business. Based on the solid results, the analyst raised his revenue and earnings per share estimates for 2024 and 2025.

White ranks No. 38 among more than 9,100 analysts tracked by TipRanks. His ratings have been profitable 69% of the time, delivering an average return of 20.4%. Seeremains bullish on UBER stock. He reiterated a buy rating with a price target of $120, following a series of investor meetings with management.

Based on his discussions with management, Mahaney explained that the deceleration reflecting in Uber's Mobility bookings growth in Q3 and the estimate for Q4 is due to the negative demand elasticity caused by the surge in insurance costs and a slowdown in "party hour" bookings, or those that take place during evenings and weekends.

The analyst thinks CEO Jack Dorsey did a good job in highlighting the company's lending products and explaining how they are fueling the growth of Block's ecosystem. Despite the soft Q4 guidance and management's commentary indicating that investors will have to wait until the second half of 2025 for growth acceleration, SQ stock continues to be a top pick for BTIG.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Top Wall Street analysts like these dividend-paying stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including IBM and Ares Capital.
Источник: NBCDFW - 🏆 288. / 63 Прочитайте больше »

Top Wall Street analysts are upbeat on these dividend stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Cisco and Diamondback Energy
Источник: NBCDFW - 🏆 288. / 63 Прочитайте больше »

Top Wall Street analysts like these stocks for their growth prospectsTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Nvidia and Fortinet.
Источник: NBCLA - 🏆 319. / 59 Прочитайте больше »

Top Wall Street analysts are confident about the long-term potential of these 3 stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Chipotle Mexican Grill and Fiserv.
Источник: NBCDFW - 🏆 288. / 63 Прочитайте больше »