Latest news with #Anmuth
CNBC
17 hours ago
- Business
- CNBC
Top Wall Street analysts like these three stocks for long-term growth
The Middle East conflict and macro uncertainty are expected to keep global stock markets volatile, so it would be prudent for investors to ignore short-term noise and pick names with solid growth prospects. To this end, top Wall Street analysts' research can be a key consideration for investors who are picking out stocks and seeking names with long-term potential. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. We start this week with online pet retailer Chewy (CHWY). The company recently delivered solid revenue and earnings for the first quarter of fiscal 2025. However, investors were concerned about some aspects, including the decline in free cash flow. Reacting to the Q1 FY25 performance, JPMorgan analyst Doug Anmuth increased his price target for CHWY stock to $47 from $36 and reiterated a buy rating, saying that the post-earnings sell-off in the stock seems overdone. TipRanks' AI analyst has an outperform recommendation on CHWY stock, with a price target of $46. Anmuth stated that he remains bullish on Chewy stock due to its strong execution, growth in active customers, and profitability ramp. He expects sponsored ads, product mix and fixed cost leverage to drive a multi-year profitability ramp. "We believe CHWY is capturing share from AMZN/WMT supported by hardgoods, product mix shift, consumables, AutoShip, & efficient marketing, while improving industry trends would be a tailwind," the analyst said. Anmuth views Chewy's full-year revenue outlook as conservative, given that the company is tracking towards the upper half of its guidance range. He highlighted that the 240,000 sequential increase in Q1 2025 Active Customer marked the fourth consecutive quarter of growth. He also pointed out improvements in other metrics like gross additions, reactivations and retention. Anmuth ranks No. 42 among more than 9,600 analysts tracked by TipRanks. His ratings have been profitable 65% of the time, delivering an average return of 21.9%. See Chewy Ownership Structure on TipRanks. Next on this week's list is social media platform Pinterest (PINS). Recently, the company entered into a partnership with Instacart, under which advertisements on Pinterest will become directly shoppable via Instacart. Reacting to the collaboration, Bank of America analyst Justin Post reaffirmed a buy rating on PINS with a price target of $41. TipRanks' AI analyst has assigned an outperform rating on PINS stock, with a price target of $37. Post said that advertisers can capitalize on Instacart's first-party purchase data to target Pinterest users. The analyst highlighted that in the initial phase, select brands can reach Pinterest users based on real-world retail purchase behavior captured by Instacart. The second phase will introduce a "closed-loop measurement," enabling advertisers to see how Pinterest ads lead to product sales across Instacart's network of over 1,800 retail partners. Overall, this partnership will provide more precise ad campaign insights and performance tracking. Post noted the rise in PINS stock in reaction to this deal and potentially favorable Q2 ad data. The top-rated analyst thinks that the partnership is a "good fit as CPG [consumer packaged goods] is one of Pinterest's largest verticals (cooking and recipes also popular), and the closed loop attribution on campaigns will likely be valued by advertisers." If successful, Post thinks that the partnership could drive incremental ad spend by CPG clients. He remains constructive on Pinterest due to artificial intelligence (AI) enhancements that seem to be fueling user engagement and improved ad performance, with AI ramp still in the early stage. Post ranks No.23 among more than 9,600 analysts tracked by TipRanks. His ratings have been successful 69% of the time, delivering an average return of 22.9%. See Pinterest Insider Trading Activity on TipRanks. We move to Uber Technologies (UBER), a ride-sharing and delivery platform. Recently, Stifel analyst Mark Kelley initiated a buy rating on UBER stock with a price target of $110. The analyst stated that he views UBER as a "super app" offering multiple reasons to use its platform, like commuting, ordering food and delivery. Commenting on whether the emergence of autonomous vehicles (AVs) is a risk or opportunity, Kelley said that AVs present minimal risk to Uber's business over the near-to-medium term due to some hurdles, like safety, clarity on regulatory framework, cost of manufacturing AVs and large investments needed to support an AV fleet. In fact, the analyst thinks that the long-term risk from AVs is also unclear currently due to a wide range of potential outcomes. Kelley is optimistic that Uber is well-positioned to meet or surpass the financial targets set in 2024, thanks to its solid execution. He expects gross bookings growth of 16% each in 2025 and 2026, supported by continued expansion into non-urban areas and internationally, with persistent adoption of UberOne. Moreover, Kelley expects earnings before interest, taxes, depreciation and amortization growth to be higher than gross bookings and revenue growth in 2025 and 2026. Finally, Kelley is confident that Uber will eventually be successful in Delivery, which also facilitates customer acquisition, mainly in less dense/non-urban areas. He expects initiatives like Uber One and increased supply to boost Delivery bookings ahead. Kelly is also bullish on the greater retail media sub-segment of digital ads, as Uber has several advantages, like access to location data. Like Kelley, TipRanks' AI analyst is also bullish on UBER stock, with a price target of $108. Kelley ranks No.119 among more than 9,600 analysts tracked by TipRanks. His ratings have been successful 67% of the time, delivering an average return of 25.3%. See Uber Technologies Statistics and Valuation on TipRanks.
Business Insider
06-06-2025
- Business
- Business Insider
Chewy (CHWY) Receives a Rating Update from a Top Analyst
J.P. Morgan analyst Doug Anmuth reiterated a Buy rating on Chewy (CHWY – Research Report) today and set a price target of $36.00. The company's shares closed today at $47.49. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Anmuth covers the Communication Services sector, focusing on stocks such as Alphabet Class C, Meta Platforms, and Alphabet Class A. According to TipRanks, Anmuth has an average return of 21.2% and a 63.49% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chewy with a $42.30 average price target, a -10.93% downside from current levels. In a report released on May 30, Bank of America Securities also reiterated a Buy rating on the stock with a $49.00 price target. CHWY market cap is currently $19.76B and has a P/E ratio of 52.57.
CNBC
03-06-2025
- Business
- CNBC
JPMorgan upgrades this social media stock, says it can rally 25%
JPMorgan has a plethora of reasons for moving off the sidelines on Pinterest . Analyst Doug Anmuth upgraded shares of the visual search platform to overweight from neutral and lifted his price target by $5 to $40. With that refreshed target, Anmuth sees the stock rallying 25.4% from Monday's close. "Given solid execution, potential upside to estimates, & what we believe remains lukewarm market positioning, we view the risk/reward on PINS as favorable," Anmuth wrote to clients in a Tuesday note. Anmuth pointed out that the majority of monthly active users and revenue are tied to the mobile app, which can limit downside from disruptions to search platforms like Google. Pinterest also has advertising abilities that can allow it to close what he called a gap between value creation and value capture, the analyst said. On the finance front, Anmuth said Pinterest is near the low end of its three-to-five year adjusted EBITDA margin target set at the company's 2023 investor day. Additionally, he said there's more upside potential given faster revenue growth and a pattern of spending discipline. Anmuth also called the stock's valuation "undemanding." He noted shares trade at 13 times 2026 free cash flow estimates and 12 times 2026 expected adjusted EBITDA. With the upgrade, Anmuth joined the majority of Wall Street with a buy-equivalent rating, per LSEG. PINS YTD mountain Pinterest, year-to-date Shares popped more than 4% in Tuesday's premarket trading following the call. The stock has gained about 10% this year, but is still well off its February highs.
CNBC
29-05-2025
- Automotive
- CNBC
This tech stock is the big winner so far this quarter — and analysts see more to come
Analysts are raising their forecasts on Uber Technologies stock by an outsized margin compared to peer tech names. CNBC Pro scanned the S & P 500 to find stocks where analysts have grown increasingly bullish since the start of what's proven a tumultuous second quarter, and Uber stuck out. Specifically, the stock has seen its average price target increase 8% since the start of the second quarter on April 1. Shares have advanced 22% in that time, through Wednesday, and up nearly 47% in 2025. Analysts cite both strong demand for Uber's core ride-sharing business as a reason for optimism, while also pointing to future growth opportunities thanks to the company's investments in autonomous driving and its partnership with Waymo, Alphabet 's self-driving car project. UBER YTD mountain Uber stock in 2025. "Importantly, we expect the AV [autonomous vehicle] narrative for Uber to continue to improve as the launch [with] Waymo in Austin proves out higher utilization & scope expands, & we anticipate similar early progress soon in Atlanta," JPMorgan analyst Doug Anmuth wrote in a May 20 note. "While there is still a long way to go, we believe Uber is becoming an increasingly valuable partner to AV tech providers as both a demand & utilization platform, as well as a fleet operator, as evident in its series of recent AI alliances." Anmuth's $105 per share price target implies about 19% upside from Wednesday's $88.26 close. Waymo began offering robotaxi rides in Austin, Texas earlier this year, with the Google-backed company utilizing the Uber app to hail the cars. Uber no longer has a dedicated autonomous driving segment in 2020, with the firm instead now opting to combine its application platform with Waymo's physical robotaxi technology. Elsewhere, TD Cowen analyst John Blackledge upped his price target to $104 per share from $96 in a note last week, implying about 18% upside from Wednesday's close. While the analyst similarly views autonomous driving as a long-term growth driver for the ride-sharing segment, Uber should be one of larger beneficiaries. While human drivers won't be displaced anytime soon, Uber benefits from offering both options, Blackledge said. "Near to medium-term, we believe that the optimal mix of rideshare vehicles in a given market implies human drivers should comprise the majority share (vs AVs), largely reflecting the highly variable nature of rideshare demand," TD Cowen said. "This near-term dynamic favors rideshare platforms such as Uber and Lyft (which can offer riders both AV and human-led ride options) vs a pure-play AV rideshare network."
Yahoo
20-05-2025
- Business
- Yahoo
J.P. Morgan Sees Long-Term Growth For Uber Technologies (UBER), Reiterates Buy Rating
On May 20, J.P. Morgan analyst Doug Anmuth reiterated a Buy rating on Uber Technologies, Inc. (NYSE:UBER) and raised the price target to $105 from $92. The upgrades come after the company has signed multiple partnerships since the start of 2025 to advance its autonomous vehicle ambition. A close up view of a hand holding a smartphone, using a ride sharing app. Anmuth met the management of Uber Technologies, Inc. (NYSE:UBER) noting that the company remains on track or ahead of the 3-year target, which is to grow Gross Bookings by mid-high teens, maintain a healthy 30% to 40% EBITDA growth, and achieve 90% conversion of EBITDA to free cash flow through 2026. During the fiscal first quarter of 2025, the company grew its Gross Bookings by 14% year-over-year to reach $42.8 billion. Whereas, the adjusted EBITDA grew by 35% during the same time to $1.9 billion. Anmuth anticipates the company to continue delivering strong, profitable growth from its core business while investing in long-term growth opportunities. Moreover, the analyst also noted that he sees Uber Technologies, Inc.'s (NYSE:UBER) autonomous vehicle narrative improving, reflected by the launch with Alphabet Inc.'s (NASDAQ:GOOGL) Waymo in Austin. The lunch continues to achieve higher utilization with significant scope expansion. Anmuth projects similar launches in Atlanta. The analyst acknowledged the long road ahead for the company, however, he believes Uber Technologies, Inc. (NYSE:UBER) is becoming a valuable partner for autonomous vehicle technology providers. This is reflected by the series of industry partnerships, since the start of this month, including those with May Mobility, Momenta, WeRide, and Pony AI. While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None
