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.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCDFW - 🏆 288. / 63 Read more »
Source: NBCDFW - 🏆 288. / 63 Read more »
Source: NBCLA - 🏆 319. / 59 Read more »
Source: NBCDFW - 🏆 288. / 63 Read more »