General Motors (NYSE:GM) Stock Analyst Ratings

/ / Consumer Discretionary /

General Motors (NYSE:GM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/15/2024 125.18% Tigress Financial $86 → $88 Maintains Strong Buy 01/31/2024 15.15% Wedbush $40 → $45 Maintains Outperform 01/31/2024 38.18% RBC Capital $52 → $54 Maintains Outperform 01/31/2024 27.94% Goldman Sachs $45 → $50 Maintains Buy 01/31/2024 -28.35% Wells Fargo $27 → $28 Maintains Underweight 01/24/2024 12.59% Barclays $37 → $44 Maintains Overweight 01/24/2024 2.36% Redburn Atlantic → $40 Initiates Coverage On → Neutral 01/04/2024 — Wolfe Research Upgrades Peer Perform → Outperform 12/04/2023 143.09% Citigroup $90 → $95 Maintains Buy 12/04/2023 5.68% HSBC → $41.3 Initiates Coverage On → Buy 12/04/2023 7.47% Mizuho $38 → $42 Upgrades Neutral → Buy 12/01/2023 38.18% RBC Capital $48 → $54 Maintains Outperform 11/30/2023 2.36% Wedbush $46 → $40 Maintains Outperform 11/30/2023 -30.91% Wells Fargo $25 → $27 Maintains Underweight 11/01/2023 -5.32% Barclays → […]

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CFRA Maintains Buy Opinion On Shares Of Uber Technologies, Inc. (NYSE:UBER)

/ / 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 $14 to $93 on a P/E of 25.5x our 2025 EPS view of $3.63 (up $1.01; 18x our 2025 FCF view, with 2024’s EPS to $2.22 from $1.95). Uber Technologies, Inc. (NYSE:UBER) hosted its investor day, announcing a $7B share buyback program, indicating confidence in growth prospects. Management expects gross booking three-year CAGR of mid-high teens, driven by MAPCs and trips per user. Adj. EBITDA is projected to grow 30%-40% CAGR, with FCF as a percent of adj. EBITDA exceeding 90%. We are encouraged by UBER’s cross-selling opportunities, with one-third of consumers using both Mobility (+29% in Q4) and Delivery (+19% in Q4). We think UberOne’s 45% delivery gross bookings penetration and new low-cost offerings like Moto and Xshare can drive volume,

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Microsoft to Invest $3.44 Billion in Germany to Expand Cloud, AI Infrastructure

/ / Technology /

Microsoft (MSFT) said Thursday it plans to invest 3.2 billion euros ($3.44 billion) over the next two years to expand the cloud and artificial intelligence infrastructure in Germany. The investment will double the technology giant’s AI infrastructure and cloud capacity to meet Germany’s “accelerating demand” for AI services, Microsoft President Brad Smith said in a post on social media platform X. The co

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CFRA Lowers Opinion On Shares Of Cisco Systems, Inc. (NASDAQ: CSCO) To Hold From Buy

/ / Telecommunications /

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 $55, 14.3x our FY 25 (Jul.) EPS estimate, in line with its three-year forward average P/E, reflecting our growth concerns. We lower our FY 24 EPS estimate by $0.16 to $3.72 and trim FY 25’s by $0.22 to $3.84. Cisco Systems, Inc. (NASDAQ: CSCO) reported Jan-Q operating EPS of $0.87 vs. $0.88, $0.03 above the consensus. Jan-Q revenue fell 6%, driven by a 12% decline in the Networking segment, due to weak demand across switching, wireless, and routed optical networking, partially offset by 3% growth in Security, driven by its Zero Trust offering and a 3% increase in Collaboration, driven by growth in devices and calling. CSCO announced it would cut its workforce by 5%, or roughly 4.2K employees, in

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Coca-Cola (NYSE:KO) Raises Dividend, to Boost Yield to About 3.3%

/ / Consumer Staples /

Beverage giant increased its yield advantage over rival PepsiCo Shares of Coca-Cola Co. (NYSE:KO) gained Thursday, after the beverage giant raised its dividend, effectively increasing its yield advantage over rival PepsiCo Inc. Coca-Cola said it is raising its quarterly dividend by 5.4%, to 48.5 cents a share, from 46 cents a share. Shareholders of record on March 15 will receive the new dividend on April 1.

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CFRA Keeps Hold Opinion On Shares Of Marriott International, Inc. (NASDAQ:MAR)

/ / 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 to $249 from $195 on an EV/EBITDA of 16.6x, below Marriott International, Inc. (NASDAQ:MAR)’s five-year forward EV/EBITDA of 18.6x, reflecting weaker growth prospects. We cut our ’24 EPS to $9.34 from $9.57 and set ’25’s at $10.73. MAR posted Q4 adj-EPS of $3.57, $1.45 above consensus. Revenue of $6,095M (+2.9% Y/Y) was $108M below consensus. Adj-EBITDA was +19.5% Y/Y to $1,197M vs. the $1,145M consensus, with margin at 19.6%. Comparable RevPAR was +7.2%, the average daily rate was +3.0%, and Occupancy was +2.6%. MAR’s results were mixed, with positive yet decelerating demand trends both Q/Q and Y/Y. Nonrecurring tax items (+$1.59 impact on EPS) likely also contributed to MAR’s ’24 guidance missing consensus expectations. Yet, MAR still expects RevPAR growth to slow

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Applied Materials, Inc. (Nasdaq: AMAT) Announces First Quarter 2024 Results

/ / Technology /

Applied Materials Announces First Quarter 2024 Results — Revenue $6.71 billion, flat year over year — GAAP operating margin 29.3 percent and non-GAAP operating margin 29.5 percent, up 0.1 points and flat year over year, respectively — GAAP EPS $2.41 and non-GAAP EPS $2.13, up 19 percent and 5 percent year over year, respectively — Generated $2.33 billion in cash from operations SANTA CLARA, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) — Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its first quarter ended Jan. 28, 2024. First Quarter Results Applied generated revenue of $6.71 billion. On a GAAP basis, the company reported gross margin of 47.8 percent, operating income of $1.97 billion or 29.3 percent of net revenue, and earnings per share (EPS) of $2.41. On a non-GAAP basis, the company reported gross margin of 47.9 percent, operating income of $1.98 billion or 29.5 percent of net revenue, and

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Applied Materials, Inc. (Nasdaq: AMAT) Q1 2024 Adj EPS $2.13 Beats $1.91 Estimate, Sales $6.71B Beat $6.48B Estimate

/ / Technology /

Applied Materials, Inc. (Nasdaq: AMAT) reported quarterly earnings of $2.13 per share which beat the analyst consensus estimate of $1.91 by 11.52 percent. The company reported quarterly sales of $6.71 billion which beat the analyst consensus estimate of $6.48 billion by 3.55 percent. This is a 0.47 percent decrease over sales of $6.74 billion the same period last year.

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DoorDash Releases Fourth Quarter and Full Year 2023 Financial Results

/ / Technology /

DoorDash Releases Fourth Quarter and Full Year 2023 Financial Results SAN FRANCISCO–(BUSINESS WIRE)–February 15, 2024– DoorDash, Inc. (NASDAQ: DASH) today announced its financial results for the quarter and fiscal year ended December 31, 2023. In addition to our financial results below, our letter to shareholders is available on the DoorDash investor relations website at Execution and innovation are distinct skills and our team demonstrated an ability to do both at a high level in 2023. Throughout the year, we invested aggressively to improve our offerings and launched new products and features that expanded our potential in local commerce. We are proud that our innovation and investment helped generate nearly $50 billion in sales for local merchants and over $15 billion in earnings for more than 7 million Dashers in 2023. At the same time, we grew Marketplace GOV by 25%(1) year-over-year (Y/Y) in 2023 to $66.8 billion, with improvements to

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DoorDash (NASDAQ:DASH) Q4 2023 GAAP EPS $(0.39) Misses $(0.18) Estimate, Sales $2.30B Beat $2.24B Estimate

/ / Technology /

DoorDash (NASDAQ:DASH) reported quarterly losses of $(0.39) per share which missed the analyst consensus estimate of $(0.18) by 116.67 percent. The company reported quarterly sales of $2.30 billion which beat the analyst consensus estimate of $2.24 billion by 2.67 percent. This is a 26.68 percent increase over sales of $1.82 billion the same period last year.

DoorDash (NASDAQ:DASH) Q4 2023 GAAP EPS $(0.39) Misses $(0.18) Estimate, Sales $2.30B Beat $2.24B Estimate Read Post »

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