Consumer Discretionary

Walmart (NYSE:WMT) Stock Analyst Ratings

/ / Consumer Discretionary /

Walmart (NYSE:WMT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 9.3% Telsey Advisory Group → $185 Reiterates Outperform → Outperform 02/12/2024 9.3% Oppenheimer $175 → $185 Maintains Outperform 11/17/2023 4.57% Evercore ISI Group $187 → $177 Maintains Outperform 11/17/2023 -0.15% Stifel $171 → $169 Maintains Hold 11/17/2023 -0.74% RBC Capital → $168 Reiterates Outperform → Outperform 11/17/2023 0.44% Truist Securities $168 → $170 Maintains Hold 11/17/2023 3.39% BMO Capital $180 → $175 Maintains Outperform 11/17/2023 -0.74% Morgan Stanley $170 → $168 Maintains Overweight 11/17/2023 9.3% Telsey Advisory Group → $185 Reiterates Outperform → Outperform 11/14/2023 15.21% Jefferies $190 → $195 Maintains Buy 11/13/2023 1.03% Stifel $169 → $171 Maintains Hold 11/13/2023 12.25% Stephens & Co. $185 → $190 Maintains Overweight 10/25/2023 15.8% Tigress Financial $182 → $196 Maintains Buy 09/27/2023 24.07% Piper Sandler $210 → $210 Reiterates Overweight → Overweight 09/26/2023 […]

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Airbnb (NASDAQ:ABNB) Stock Analyst Ratings

/ / Consumer Discretionary /

Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 11.23% Needham $150 → $160 Maintains Buy 02/06/2024 2.88% UBS $125 → $148 Maintains Neutral 02/05/2024 2.88% UBS $125 → $148 Maintains Neutral 01/30/2024 4.28% Wedbush $135 → $150 Maintains Neutral 01/29/2024 -23.53% Barclays $100 → $110 Maintains Underweight 01/22/2024 4.28% Needham → $150 Reiterates Buy → Buy 01/17/2024 4.28% Mizuho $130 → $150 Maintains Neutral 01/09/2024 -6.85% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -30.48% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 -2.68% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 -5.46% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 11.23% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -17.97% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -14.49% Piper Sandler $142 → $123

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Marriott (NASDAQ:MAR) Stock Analyst Ratings

/ / Consumer Discretionary /

Marriott (NASDAQ:MAR) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 11.97% Truist Securities $233 → $263 Maintains Hold 01/29/2024 -0.38% Barclays $208 → $234 Maintains Equal-Weight 01/02/2024 -3.36% Jefferies $205 → $227 Maintains Hold 12/05/2023 -6.34% Wells Fargo → $220 Initiates Coverage On → Equal-Weight 10/23/2023 -0.8% HSBC → $233 Initiates Coverage On → Buy 10/16/2023 -1.23% Morgan Stanley $225 → $232 Maintains Overweight 09/21/2023 -5.91% Truist Securities → $221 Reiterates Hold → Hold 09/21/2023 -4.21% B of A Securities $215 → $225 Maintains Buy 09/12/2023 -8.47% TD Cowen $185 → $215 Maintains Outperform 08/31/2023 -4.21% Citigroup $175 → $225 Maintains Neutral 08/14/2023 -7.19% Bernstein $204 → $218 Downgrades Outperform → Market Perform 08/07/2023 -5.49% Wells Fargo $212 → $222 Maintains Overweight 08/02/2023 -5.91% Truist Securities $213 → $221 Maintains Hold 08/02/2023 -1.23% Argus Research $208 → $232 Maintains Buy 08/02/2023

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Airbnb (NASDAQ:ABNB) Q4 Adj. EPS $0.76 Beats $0.64 Estimate, Sales $2.22B Beat $2.16B Estimate

/ / Consumer Discretionary /

Airbnb (NASDAQ:ABNB) reported quarterly earnings of $0.76 per share which beat the analyst consensus estimate of $0.64 by 18.75 percent. This is a 58.33 percent increase over earnings of $0.48 per share from the same period last year. The company reported quarterly sales of $2.22 billion which beat the analyst consensus estimate of $2.16 billion by 2.69 percent. This is a 16.61 percent increase over sales of $1.90 billion the same period last year.

Airbnb (NASDAQ:ABNB) Q4 Adj. EPS $0.76 Beats $0.64 Estimate, Sales $2.22B Beat $2.16B Estimate Read Post »

Uber Launches Its First-Ever Buyback Program, for Up to $7B

/ / Consumer Discretionary /

Uber Technologies is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Earlier Wednesday, the ride-sharing company announced its first-ever stock-buyback program, as its board authorized the repurchase of up to $7 billion of common stock. Uber’s Financial Chief Prashanth Mahendra-Rajah called the move “a vote of confidence in the company’s strong financial momentum.” Dow Jones & Co. owns Factiva.

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CFRA Keeps Buy Opinion On Shares Of Airbnb, Inc (NASDAQ:ABNB)

/ / Consumer Discretionary /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target price at $168, on an above-peer P/E of 31.3x our 2025 view, reflecting strong guest demand. We keep our 2024 EPS view at $4.61 and lift 2025’s to $5.36 from $5.12. Airbnb, Inc (NASDAQ:ABNB) posted Q4 adj. EBITDA of $738M vs. $506M, beating the $646M consensus. Sales rose 17% and GBV grew 15%, driven by solid growth in Nights/Experiences (+12% to 99M), higher ADRs (+3%), and favorable FX. We remain encouraged by strong supply growth (+18% ex-China), higher take rates, and positive EBITDA margins (33%, +6%-pts). International expansion remains a massive opportunity, with ABNB gaining traction in markets like Korea/Germany/Brazil and now adding Switzerland/Belgium/Netherlands, with much of Asia/Europe underpenetrated. Global travel demand is strong, with Airbnb taking share despite potential 2024 headwinds

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Walmart, Vizio Deal Seen Having Strategic Merits For Both Sides

/ / Consumer Discretionary /

A deal between Walmart and smart television-manufacturer Vizio has strategic merits for both sides, say JPMorgan analysts Cory Carpenter and Christopher Horvers in a research note. WSJ on Tuesday reported the retail giant is in talks to buy Vizio for more than $2 billion, a move that would give Walmart more places where it can sell ads and pitch shoppers on goods. The analysts say the deal could accelerate Vizio’s SmartCast scale as it could switch Walmart’s house TV brand from Roku’s operating system to Vizio’s. Vizio’s SmartCast operating system could also accelerate Walmart’s push into alternative revenue streams, specifically advertising.

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Walmart (NYSE:WMT) Fiscal Q4 Adjusted EPS, US Comps Seen Trailing Consensus, BofA Says; Stock Outlook Still Positive

/ / Consumer Discretionary /

Walmart’s (WMT) fiscal Q4 results are expected to deliver adjusted EPS of $1.61 and growth of 2% for US comps, both “slightly below” consensus estimates, BofA Securities said Wednesday in a report. Still, Walmart is “well-positioned for share gains and improving profitability both near and long-term,” BofA said. The company’s results are due on Tuesday. BofA’s fiscal Q4 comp estimates represent a deceleration compared with fiscal Q3’s growth of 4.9% due to “moderating grocery inflation” and “likely continued softness in general merchandise,” the report said. Strong observed sales and transactions in fiscal Q4 “according to Bloomberg Second Measure credit and debit card data implies potential for upside,” the report said. BofA expects “grocery share gains” and “trade-down” to back Walmart’s store and online transactions as “consumers continue to manage grocery inflation (25%+ versus pre-COVID), the reduction in SNAP benefits and the return of student loan repayments.” The retailer’s gross margin

Walmart (NYSE:WMT) Fiscal Q4 Adjusted EPS, US Comps Seen Trailing Consensus, BofA Says; Stock Outlook Still Positive Read Post »

Lyft’s Stock Soars On Stellar Q4 Results: Analysts Range From Cautious To Optimistic

/ / Consumer Discretionary /

Shares of Lyft Inc (NASDAQ:LYFT) climbed in early trading on Wednesday, after the company reported upbeat results for the fourth quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Truist Securities On Lyft Analyst Youssef Squali maintained a Hold rating, while raising the price target from $13 to $15. “Lyft’s strategy early last year to lean in on pricing, on the customer experience and on product improvements as competitive differentiators bore fruit in 4Q23, with results showing accelerating growth in rides & rides’ frequency,” Squali wrote in a note. “A healthier marketplace and sustained momentum QTD bodes well for 1Q, driving higher than expected guidance, while directional 2024 commentary reflects a better growth outlook,” he added. Piper Sandler On Lyft Analyst Alexander Potter reiterated an Overweight rating, while lifting the price target from $14 to $17. Lyft reported gross bookings of $3.72 billion for

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CFRA Keeps Hold Opinion On Shares Of The Home Depot, Inc. (NYSE: HD)

/ / Consumer Discretionary /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target price to $327 from $311, 21x our FY 24 EPS (Jan.) of $15.56, cut from $15.94. Our multiple is a premium to the 10-year forward P/E average of 20.6x, warranted by being closer to the start of rate cuts, but offset by the 2024 remodeling contractions projected by the Leading Indicator of Remodeling Activity. We anticipate FY 24 guidance will land below The Home Depot, Inc. (NYSE: HD) ‘s market stability model across all metrics. Looking at history as a guide, we view the shares as trading at a high premium compared to the previous rate hike cycle peak in 2018-2019. We also do not believe the premium is justified by HD’s total addressable market expansion announced at the last investor and

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Airbnb (NASDAQ:ABNB) Q1 Estimates for Gross Bookings, Revenue Raised Following ‘Strong’ Q4 Results, Wedbush Says

/ / Consumer Discretionary /

Airbnb’s (ABNB) Q4 was “strong” as gross bookings exceeded consensus by more than 2%, Wedbush Securities said in a note Wednesday. Following the results, the firm increased its Q1 gross booking value estimate to $22.56 billion from $22.10 billion, taking into account “slightly slower nights growth” and higher average daily rate growth. Wedbush raised its Q1 net revenue forecast to $2.05 billion from $1.97 billion, considering the increased bookings estimate and timing differences in the period. “Airbnb’s underlying growth opportunity remains attractive,” the firm said. Wedbush maintained the neutral rating on Airbnb stock and raised the price target to $160 from $150.

Airbnb (NASDAQ:ABNB) Q1 Estimates for Gross Bookings, Revenue Raised Following ‘Strong’ Q4 Results, Wedbush Says Read Post »

Home Depot (NYSE: HD) Stock Analyst Ratings

/ / Consumer Discretionary /

Home Depot (NYSE: HD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 3.22% Baird $370 → $370 Downgrades Average → Outperform 02/13/2024 11.59% Wells Fargo $385 → $400 Maintains Overweight 02/13/2024 9.63% Goldman Sachs $347 → $393 Maintains Buy 01/22/2024 — Oppenheimer Downgrades Outperform → Perform 01/16/2024 11.59% Piper Sandler $311 → $400 Upgrades Neutral → Overweight 01/10/2024 6.01% Wedbush $330 → $380 Upgrades Neutral → Outperform 01/04/2024 3.78% Barclays $325 → $372 Upgrades Equal-Weight → Overweight 12/21/2023 7.96% Truist Securities $356 → $387 Maintains Buy 12/20/2023 -0.97% Stifel $306 → $355 Maintains Hold 12/08/2023 -0.69% Truist Securities $340 → $356 Maintains Buy 11/15/2023 -5.15% Guggenheim $360 → $340 Maintains Buy 11/15/2023 -16.59% RBC Capital $303 → $299 Maintains Sector Perform 11/15/2023 0.43% Oppenheimer → $360 Reiterates Outperform → Outperform 11/15/2023 -5.15% Truist Securities $341 → $340 Maintains Buy 11/15/2023 -6.55%

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