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Amazon Spends Up To $4B On AI Startup Anthropic, Analysts Explore Deal Prospects
Tuesday, September 26, 2023 - 11:14am | 564Amazon.com, Inc. (NASDAQ: AMZN) announced a strategic investment of as much as $4 billion in artificial intelligence (AI) startup Anthropic. The deal underscores how the tech behemoth seeks to unlock the potential of AI across its business. As part of the deal, Anthropic has agreed to use AWS as...
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Lyft's Q2 Earnings Impress, But Q4 Expectations Worry Analysts
Wednesday, August 9, 2023 - 11:58am | 452Shares of Lyft Inc (NASDAQ: LYFT) were trading lower on Wednesday, despite the company reporting an earnings beat for the second quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. RBC Capital Markets On Lyft Analyst Brad...
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What's Behind Airbnb's Earnings Beat? 5 Analysts Deep Dive Into Q2 Print
Friday, August 4, 2023 - 10:37am | 572Shares of Airbnb Inc (NASDAQ: ABNB) rose in early trading on Friday, after the company reported an earnings beat for the second quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Wedbush On Airbnb Analyst Scott Devitt...
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DoorDash Continues To Execute With 'No Sign Of A Consumer Slowdown': 4 Analysts Bullish After Q2 Print
Thursday, August 3, 2023 - 10:40am | 527Shares of DoorDash Inc (NYSE: DASH) rose in early trading on Thursday, after the company reported strong orders and revenues for the second quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Needham On DoorDash Analyst Bernie...
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3 Match Group Analysts On Q2 Earnings: Tinder's Turnaround Story Is The Highlight Of The Quarter
Wednesday, August 2, 2023 - 2:30pm | 462Dating app company Match Group Inc (NASDAQ:MTCH) on Tuesday issued an upbeat earnings print. Tinder, its flagship dating platform, contributed to a 6% bump in direct revenue growth for a gain of $475 million. Here's what prominent analysts had to say about the stock, and what investors need to...
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Pinterest Analysts React To Q2 Earnings: 'Sustainable GAAP Growth Is Required To Move The Shares From Here'
Wednesday, August 2, 2023 - 12:52pm | 428Shares of Pinterest Inc (NYSE: PINS) tanked in early trading on Wednesday, although the company reported a revenue beat for the second quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. RBC Capital Markets On Pinterest Analyst...
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5 Analysts Mixed On Meta Platforms: Post-Q2 Valuation Boost, AI Growth, But Concerns Over 2023 Share Gains, Spending
Thursday, July 27, 2023 - 11:02am | 873Analysts are sizing up the second quarter financial results reported by Meta Platforms (NASDAQ: META) after market close Wednesday, including the impact of artificial intelligence initiatives and the recent launch of Threads. The Meta Platforms Analysts: Morgan Stanley analyst Brian Nowak has an...
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4 Snap Analysts Size Up Q2 Results, Investors Ghost The Stock: 'Structurally Challenged'
Wednesday, July 26, 2023 - 12:12pm | 628Analysts are sizing up the long-term opportunity for Snap Inc (NYSE: SNAP) and whether the company can compete with other social media platforms after the company reported second-quarter financial results Tuesday. The Snap Analysts: Benchmark analyst Mark Zgutowicz has a Hold rating...
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Alphabet's AI Integration Winning Over 5 Analysts: Q2 Results Spark Optimism Despite Market Challenges
Wednesday, July 26, 2023 - 11:17am | 694Shares of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) spiked in early trading on Wednesday, even as the company is facing increasing threats from ChatGPT and plans by competing tech giants to create open maps. Alphabet also reported its second-quarter report, with revenue and operating...
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3 Carvana Analysts Tackle Online Auto Retailer's Q2 Earnings, Debt Restructuring, EBITDA
Thursday, July 20, 2023 - 11:49am | 453Carvana Co (NYSE:CVNA) shares skyrocketed nearly 50% this week after the company issued its second-quarter earnings report, despite reporting a decline in sales. Investors and analysts are responding positively to better-than-expected metrics, debt restructuring and the prospect of positive...
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5 Lyft Analysts React To Q1 Earnings: 'Uber Seemingly Pulling Away'
Friday, May 5, 2023 - 2:21pm | 602LYFT Inc (NASDAQ: LYFT) shares were tumbling Friday after the company reported disappointing first-quarter numbers as it struggles to keep pace with rival Uber Technologies Inc (NYSE: UBER). On Thursday, Lyft reported adjusted first-quarter EPS of 7 cents, beating consensus analyst estimates...
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Upwork Shares Tumble Despite Revenue Beat: 3 Analysts React To Earnings Call Insights
Thursday, May 4, 2023 - 10:25am | 489Shares of Upwork Inc (NASDAQ: UPWK) tanked in the premarket on Thursday, despite the company reporting upbeat quarterly revenues. Here are some key analyst takeaways from the earnings call. RBC Capital Markets On Upwork Analyst Brad Erickson reiterated a Sector Perform rating, while reducing the...
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Uber Analyzed Post-Q1: Ride Frequency, Cost Cuts, Alcohol, Super Bowl Yield Higher Targets
Wednesday, May 3, 2023 - 11:48am | 791Mobility company Uber Technologies (NYSE: UBER) reported first-quarter financial results, with revenue beating consensus estimates from analysts. Here’s a look at what analysts are saying after the report. The UBER Analysts: RBC analyst Brad Erickson has an Outperform rating and a price...
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Pinterest Shares Crash Despite Earnings Beat: Analysts Give Mixed Reviews
Friday, April 28, 2023 - 10:34am | 478Shares of Pinterest Inc (NYSE: PINS) tumbled in early trading on Friday, despite the company reporting a first-quarter earnings beat. Here are some key analyst takeaways from the earnings call. RBC Capital Markets On Pinterest Analyst Brad Erickson maintained a Sector Perform rating, while reducing...
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Snap Shares Tank On AI Investment Plans: What Else Caused Analysts To Cut Price Targets?
Friday, April 28, 2023 - 10:20am | 635Shares of Snap Inc (NYSE: SNAP) Friday crashed in premarket trading, after the company reported a first-quarter revenue miss. Here are some key analyst takeaways from the earnings call. RBC Capital Markets On Snap Analyst Brad Erickson maintained a Sector Perform rating while reducing the price...