Morgan Stanley analyst Brian Harbour upgrades Starbucks (NASDAQ:SBUX) from Equal-Weight to Overweight and raises the price target from $112 to $120.
Morgan Stanley raises Starbucks (NASDAQ:SBUX) price target from $112 to $120 Read Post »
Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 0.54% Needham → $63 Reiterates Buy → Buy 01/12/2024 24.48% Goldman Sachs $59 → $78 Maintains Buy 01/11/2024 24.48% Goldman Sachs $59 → $78 Maintains Buy 01/09/2024 10.12% BMO Capital → $69 Initiates Coverage On → Outperform 12/29/2023 -1.05% Nomura $59 → $62 Downgrades Buy → Neutral 12/19/2023 11.71% Keybanc $61 → $70 Maintains Overweight 12/04/2023 19.69% Oppenheimer $65 → $75 Maintains Outperform 12/01/2023 -1.05% JMP Securities → $62 Reiterates Market Outperform → Market Outperform 11/30/2023 0.54% Needham → $63 Reiterates Buy → Buy 11/30/2023 14.91% Tigress Financial $66 → $72 Maintains Buy 11/13/2023 -1.05% JMP Securities $57 → $62 Maintains Market Outperform 11/08/2023 -1.05% Morgan Stanley $60 → $62 Maintains Overweight 11/08/2023 -1.05% Roth MKM $61 → $62 Maintains Buy 11/08/2023 -1.05% JP Morgan $56 → $62 Maintains
Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings Read Post »
Needham analyst Bernie McTernan reiterates Uber Technologies (NYSE:UBER) with a Buy and maintains $63 price target.
Needham maintains Uber Technologies (NYSE:UBER) $63 price target Read Post »
By Mauro Orru Elon Musk said he feels uncomfortable making Tesla a leader in artificial intelligence and robotics without having about 25% voting control of the electric-car maker. Musk said late Monday in a post on X that he wants enough control at Tesla to be influential, but not so much that he couldn’t be overruled. “Unless that is the case, I would prefer to build [AI] products outside of Tesla,” Musk wrote on the social-media platform. The billionaire currently controls about 13% of Tesla, according to FactSet, having previously sold some of his holding in the company to fund his purchase of what was then called Twitter. Tesla shares were down more than 2% in premarket trading Tuesday. The company didn’t immediately respond to a request for comment. Some investors have long been excited about Tesla’s work and plans for deploying AI with driverless cars and humanoid robots. In
Elon Musk Seeks Greater Control Over Tesla Ahead of AI Advancements Read Post »
Wedbush analyst Daniel Ives reiterates Tesla (NASDAQ:TSLA) with a Outperform and maintains $350 price target.
Wedbush maintains Tesla (NASDAQ:TSLA) $350 price target Read Post »
The following is a summary of the Delta Air Lines, Inc. (DAL) Q4 2023 Earnings Call Transcript: Financial Performance: Delta Air Lines reported record revenues of $55 billion for 2023, about 20% higher than pre-pandemic, including a record December quarter revenue of $13.7 billion, 11% higher than 2022. It delivered earnings of $6.25 per share and pretax income of $5.2 billion in the year, nearly doubling the performance of 2022. The company reported a Q4 pretax profit of $1.1 billion, with total earnings of $1.28 per share. It generated $2 billion in free cash flow after gross CapEx of $5.3 billion, and repaid over $4 billion of gross debt. For Q1 2024, earnings are expected to range from $0.25 and $0.50 per share on approximately 5% operating margin, with a full year forecast of earnings between $6 to $7 per share. Business Progress: Delta Air Lines enhanced its premium offerings
Delta Air Lines, Inc. (DAL) Q4 2023 Earnings Call Transcript Summary Read Post »
Delta Air Lines is seeing more sectors that had lagged the broader return to corporate travel starting to once again hit the skies, Chief Executive Ed Bastian tells analysts on a conference call. “We’re finally starting to see the tech companies traveling again,” he says. The airline is also seeing a rise in travel from consulting firms, which Bastian says also lagged the broader state of corporate travel last year. The auto sector has also recovered from the labor strikes last year and executives have begun traveling once again, he says, as has the entertainment sector. Shares fall 8% on a bleak profit forecast.
Delta Air Lines Seeing Progress In Corporate-Travel Recovery Read Post »
Delta Air Lines released fourth-quarter and full-year 2023 earnings statements Friday, revealing a lower cost of jet fuel for the year despite significantly higher use. Fourth-quarter data did show a small jump in cost over the same quarter in the prior year, however. In the fourth quarter, Delta spent $2.933 billion on fuel and related costs, an almost 3% uptick from the last quarter of 2022 when the airline spent $2.849 billion on fuel. Full-year data, though, showed a lower yearly cost. Over the course of 2023, Delta spent $11.121 billion on fuel, a 2.90% decrease over the full year 2022 figure of $11.453 billion. In terms of total gallons used, however, both fourth-quarter and full-year 2023 levels were much higher than prior years. In the fourth quarter of 2023, Delta used 978 million gallons of fuel. That’s a big 12.54% spike from the fourth quarter in the prior year,
Delta Air Lines Uses More Jet Fuel in 2023 at Lower Cost — OPIS Read Post »
Oppenheimer analyst Jason Helfstein maintained Netflix Inc (NASDAQ:NFLX) with an Outperform and raised the price target from $475 to $600. On Wednesday, NFLX’s President of Advertising announced ad Monthly Active Users (MAUs) >23 million vs. 15 million in November & 5 million in May, indicating an accelerating pace of ad subscribers. Near-term, the acceleration suggests 4Q net adds above guidance and Street. Over the medium-term, the analyst noted the pace of acceleration offers plenty of room for subscriber growth in 2024 and is conservatively raising his 4Q and FY24 net adds to +10 million and +24 million vs. prior +9 million and +21 million and Street’s +9 million and 18 million, respectively. Assuming year-end 2024 ad MAU of 50 million (~25 million subscribers), the analyst now estimates $40 billion and 46 billion of total revenue (+20% and +14% Y/Y) in FY24 and FY25 vs. Street’s $38 billion and $43 billion (+14% and +11%).
Netflix’s Surging Ad Subscribers Ignite Optimism, Analyst Bumps Up Price Target By 26% Read Post »
The United Auto Workers Union’s record wage increases from the Detroit-Three auto makers went into effect in November amid cries about coming car price inflation. It’s early, but auto workers’higher pay has, essentially, shown no impact on new car prices. Recent pricing trends hold some important information for both investors and the UAW, about pricing, profits, and how the car industry works. Kelly Blue Book, on Thursday, updated U.S. new car pricing for December. The average transaction price came in at $48,759. That’s up from the $48,247 average transaction in November but down 2.4% year over year. The December 2022 average transaction price of $49,507 was an all-time high. The rise in prices in December 2023 from November reflect some seasonal factors, as prices typically rise at the end of the year. What’s more, December marks the fourth consecutive month of year-over-year declines, which is “unique,” according to Kelly Blue
Target (TGT) is facing delays in receiving shipments from major apparel suppliers India and Pakistan amid the crisis in the Red Sea, Reuters reported Friday, citing a source familiar with the matter. The US retailer is working with its shippers to reroute shipments, according to the report. The extra shipment time and costs due to the rerouting are expected to be minimal, and the company is not thinking about using air freight at the moment, the report said. Target did not immediately reply to MT Newswires’ request for comment.
Target Faces Delays in Shipments Amid Red Sea Crisis Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target of $48, down $1, is 6.5x our 2025 EPS view (started at $7.41; 2024’s raised to $6.51 from $6.49), below the 2018-2019 forward average of 8.5x. We think a discount is merited due to persistent delays in new aircraft deliveries that are expected to last until 2025. Q4 EPS of $1.28 vs. $1.48 beat consensus by $0.12. Shares were down 9% today due to, in our view, a more conservative outlook on its 2024 EPS forecast vs. prior guidance. Q4 revenues were up 11% Y/Y, driven by its int’l segment (+25%), while capacity grew 15% Y/Y. DAL announced its 2024 guidance, with expected earnings of $6-$7/share (vs. the prior outlook of $7/share) and fuel costs in the range of $2.70/g (vs. $2.82/g in 2023).
CFRA Keeps Strong Buy On Shares Of Delta Air Lines, Inc. Read Post »