Consumer Discretionary

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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Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings

/ / Consumer Discretionary /

Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 10.48% Baird $250 → $250 Upgrades Average → Outperform 02/13/2024 10.48% Wells Fargo $235 → $250 Maintains Overweight 02/13/2024 15.78% Goldman Sachs $238 → $262 Maintains Buy 02/12/2024 17.11% JP Morgan $210 → $265 Upgrades Neutral → Overweight 01/16/2024 8.27% Piper Sandler $218 → $245 Maintains Overweight 01/04/2024 1.2% Barclays $203 → $229 Maintains Equal-Weight 12/21/2023 11.36% Truist Securities $225 → $252 Maintains Buy 12/20/2023 6.06% Stifel $235 → $240 Downgrades Buy → Hold 11/27/2023 -16.04% RBC Capital $194 → $190 Maintains Sector Perform 11/22/2023 -7.2% Evercore ISI Group $205 → $210 Maintains In-Line 11/22/2023 -3.66% Piper Sandler $240 → $218 Maintains Overweight 11/22/2023 6.06% UBS $265 → $240 Maintains Buy 11/22/2023 -4.99% Telsey Advisory Group $225 → $215 Maintains Market Perform 11/22/2023 -4.99% Wedbush $230 → $215

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Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings

/ / Consumer Discretionary /

Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/15/2024 13.67% Keybanc $79 → $90 Maintains Overweight 02/08/2024 8.61% Barclays $63 → $86 Maintains Overweight 02/08/2024 -4.02% JMP Securities $75 → $76 Maintains Market Outperform 02/08/2024 3.56% BMO Capital $69 → $82 Maintains Outperform 02/08/2024 4.82% Citigroup $75 → $83 Maintains Buy 02/08/2024 7.35% RBC Capital $65 → $85 Maintains Outperform 02/08/2024 4.82% Mizuho $77 → $83 Maintains Buy 02/08/2024 7.35% Susquehanna $60 → $85 Maintains Positive 02/08/2024 -0.23% Roth MKM $72 → $79 Maintains Buy 02/08/2024 6.09% JP Morgan $76 → $84 Maintains Overweight 02/08/2024 13.67% Needham $71 → $90 Maintains Buy 02/07/2024 -10.33% Needham → $71 Reiterates Buy → Buy 02/06/2024 -5.28% JMP Securities $62 → $75 Maintains Market Outperform 02/06/2024 -0.23% Keybanc $70 → $79 Maintains Overweight 01/30/2024 -7.81% B of A Securities $68 → $73

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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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