DoorDash (NASDAQ:DASH)’s EBITDA Outlook Viewed Positively by Bulls, RBC Capital Markets Says

/ / Technology /

DoorDash’s (DASH) adjusted EBITDA guidance of $1.5 billion to $1.9 billion for 2024 is viewed positively by market bulls, RBC Capital Markets said in a note Thursday. “We believe bulls view [the guidance] as conservative with upside potential above the high-end,” RBC said. DoorDash said Thursday that its adjusted EBITDA hit an “all-time high” of $363 million in Q4. This exceeded the RBC and Street estimates of $362 million and $355 million, respectively. For 2024, the firm said it raised its gross order value forecast to $77.32 billion from $74.55 billion and adjusted EBITDA to $1.78 billion from $1.44 billion on higher orders. RBC maintained its sector perform rating on DoorDash stock and raised the price target to $130 from $105. DoorDash shares were down 7.5% in recent Friday trading.

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Roku, Inc. (NASDAQ: ROKU) Stock Analyst Ratings

/ / Telecommunications /

Roku, Inc. (NASDAQ: ROKU) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/16/2024 44.2% Stephens & Co. → $105 Reiterates Overweight → Overweight 02/16/2024 64.8% Wedbush → $120 Reiterates Outperform → Outperform 02/16/2024 51.07% Susquehanna $100 → $110 Maintains Positive 02/16/2024 — Oppenheimer Downgrades Outperform → Perform 02/09/2024 64.8% Wedbush → $120 Reiterates Outperform → Outperform 01/19/2024 — Seaport Global Upgrades Sell → Neutral 12/18/2023 3% Seaport Global → $75 Downgrades Neutral → Sell 12/15/2023 -9.36% MoffettNathanson $64 → $66 Downgrades Neutral → Sell 11/27/2023 59.31% Cannonball Research → $116 Upgrades Neutral → Buy 11/02/2023 37.33% Susquehanna $95 → $100 Maintains Positive 11/02/2023 3% Pivotal Research $58 → $75 Upgrades Sell → Hold 10/31/2023 -24.47% MoffettNathanson → $55 Upgrades Sell → Neutral 10/23/2023 -3.87% Truist Securities $80 → $70 Maintains Hold 10/11/2023 11.24% Piper Sandler $90 → $81 Maintains Neutral 10/06/2023 —

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Roku’s Guidance Implication For Platform Growth ‘Muted,’ Macquarie Says; Company Shares Plunge

/ / Telecommunications /

Roku’s (ROKU) guidance implications for its platform growth and operating costs for the rest of the year were “muted” even as the streaming device maker delivered a fourth-quarter revenue beat, Macquarie said Friday. The company late Thursday reported that its fourth-quarter net loss narrowed year over year to $0.55 per share from $1.70, while net revenue rose to $984.4 million from $867.1 million. Analysts polled by Capital IQ expected a GAAP loss of $0.53 on revenue of $968.1 million. Platform revenue grew to $828.9 million from $731.3 million. That metric is expected to benefit from Roku’s recent strategy to open up demand to third-party demand-side platforms and retail media networks, Macquarie said in a Friday note. That would allow the company to capture incremental connected TV advertisement dollars and diversify its advertiser base, analysts, including Tim Nollen, wrote. However, “ongoing weak (media and entertainment) sector spending looks like to cap

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CFRA Keeps Sell Opinion On Shares Of The Boeing Company (NYSE:BA)

/ / Industrials /

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 price remains $194, reflecting a 25x multiple applied to our 2025 EPS estimate, below The Boeing Company (NYSE:BA)’s recent historical forward average. We think a discounted multiple is reasonable in light of elevated regulatory risk. We cut our 2024 EPS estimate by $0.67 to $3.34, but leave 2025’s at $7.76. BA noted recently that its January production cadence was below the production limit of 38 737-MAX aircraft that has been temporarily imposed by the FAA. We still think BA will gradually expand production toward that 38 limit during 2024, but our EPS reduction in 2024 reflects a slower pace, particularly in 1H 2024. The secular backdrop for BA remains attractive, given a lot of expected retirements of aging aircraft over the next 20 years.

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Nvidia Corp. (NASDAQ:NVDA)’s Earnings Preview

/ / Technology /

Nvidia reports fourth-quarter fiscal-2024 earnings. This is perhaps the most consequential earnings release for the stock market so far this year, as much of the gains in the S&P 500 over the past year have been powered by artificial-intelligence hype and hope. Shares of Nvidia, the poster child of the AI boom, have already rallied 47% this year after jumping 239% in 2023. Consensus estimates are for Nvidia to earn $4.59 a share on $20.4 billion in revenue for the quarter.

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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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MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings

/ / Technology /

MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 14.56% Keybanc $500 → $543 Maintains Overweight 01/26/2024 -14.56% DA Davidson → $405 Initiates Coverage On → Neutral 01/22/2024 -7.17% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 01/17/2024 4.43% Needham → $495 Reiterates Buy → Buy 01/04/2024 -13.5% UBS $475 → $410 Downgrades Buy → Neutral 12/06/2023 -11.39% Mizuho $330 → $420 Maintains Neutral 12/06/2023 0.21% RBC Capital $445 → $475 Maintains Outperform 12/06/2023 0.85% Barclays $470 → $478 Maintains Overweight 12/06/2023 4.43% Needham $445 → $495 Maintains Buy 12/06/2023 5.49% Piper Sandler $425 → $500 Maintains Overweight 12/04/2023 -5.06% Stifel → $450 Reiterates Buy → Buy 11/16/2023 5.49% Wells Fargo → $500 Initiates Coverage On → Overweight 11/13/2023 -9.28% Truist Securities → $430 Reiterates Buy → Buy 11/08/2023 -9.91% Capital One → $427 Upgrades Equal-Weight

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HP (NYSE:HPQ) Stock Analyst Ratings

/ / Technology /

HP (NYSE:HPQ) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 15.87% HSBC $30 → $33 Upgrades Hold → Buy 12/12/2023 22.89% Morgan Stanley $31 → $35 Upgrades Equal-Weight → Overweight 12/11/2023 40.45% Evercore ISI Group $33 → $40 Upgrades In-Line → Outperform 11/20/2023 15.87% Evercore ISI Group → $33 Reiterates In-Line → In-Line 11/13/2023 15.87% Citigroup $31 → $33 Upgrades Neutral → Buy 11/07/2023 — Edward Jones Upgrades Hold → Buy 10/11/2023 8.85% Morgan Stanley $30 → $31 Maintains Equal-Weight 10/03/2023 15.87% B of A Securities → $33 Upgrades Underperform → Buy 08/30/2023 8.85% Citigroup $32 → $31 Maintains Neutral 08/30/2023 5.34% Deutsche Bank $32 → $30 Maintains Hold 08/30/2023 -19.24% Barclays $24 → $23 Maintains Underweight 08/30/2023 36.94% JP Morgan $40 → $39 Maintains Overweight 08/30/2023 5.34% Morgan Stanley $32 → $30 Maintains Equal-Weight 08/30/2023 -12.22% B of A Securities

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