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TaskUs An 'Underappreciated Beneficiary Of AI Investment,' Says Analyst, Has Meta Platforms As Key Client
Friday, December 13, 2024 - 12:46pm | 325TaskUs, Inc. (NASDAQ:TASK) shares were climbing on Friday. The company is an "underappreciated beneficiary of AI investment," with exposure to key customers Meta Platforms and Open AI, according to Morgan Stanley. Analyst James Faucette upgraded the rating for TaskUs from Equal-Weight to Overweight...
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PayPal Shares Tank After Q3 Results, Analysts Say Management Is 'Executing Well' On Re-Alignment Initiatives
Wednesday, October 30, 2024 - 11:01am | 1012Shares of PayPal Holdings Inc (NASDAQ:PYPL) dropped in price on Wednesday after the company reported downbeat third-quarter revenues. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Canaccord Genuity analyst Joseph Vafi maintained a Buy...
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Block's Growth Fueled by Cash App Expansion, Square Ecosystem Focus, Says Analyst
Wednesday, April 10, 2024 - 2:14pm | 551Mizuho analyst Dan Dolev maintained Block Inc (NYSE:SQ) with a Buy and raised the price target from $99 to $106. As per Dolev, reinvigorated management focus on the Cash App and Square ecosystems could drive a meaningful upside to the 2024 guide. The analyst flagged four...
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Upstart Shares Jump 40%, But Still 'Not Out Of The Woods' — 4 Analysts On Q1 Print
Wednesday, May 10, 2023 - 10:48am | 488Shares of Upstart Holdings Inc (NASDAQ: UPST) spiked 36.76% in early trading on Wednesday, after the company reported upbeat quarterly results and issued a strong guidance. The report came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Morgan...
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Block Investors Are Pulling Back, But These Analysts Are Unfazed By Short Report From 'Novice Industry Outsider'
Friday, March 24, 2023 - 11:22am | 747Hindenburg Research issued a short report that sent shares of Block Inc (NYSE: SQ) down on Thursday. Analysts are sharing their reactions and takes on the allegations from the short seller. The Block Analysts: Bernstein analyst Harshita Rawat has an Outperform rating and a price target of $90....
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PayPal Shows Progress Being Made For Growth, Could Have EPS Upside With Conservative Guidance: What 7 Analysts Are Saying
Friday, February 10, 2023 - 2:00pm | 1027Digital payments company PayPal Holdings (NASDAQ: PYPL) reported fourth-quarter financial results after market close on Thursday. Here’s what analysts are saying about the company’s results and guidance. The PayPal Analysts: Needham analyst Mayank Tandon had a Hold rating on PayPal...
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Upstart Is Down 89% This Year, Now 3 Analysts Are Expressing Serious Concern On Outlook
Wednesday, November 9, 2022 - 11:10am | 389Upstart Holdings Inc (NASDAQ: UPST) Tuesday reported third-quarter results, with its performance being impacted by mid-year hikes in Fed interest rates. Stephens On Upstart Holdings Analyst Vincent Caintic reiterated an Underweight rating, while reducing the price target from $23 to $12. The...
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4 Affirm Holdings Analysts Offer Takes On Quarter: Company Having 'Economic And Credit Cycle Turbulence'
Friday, August 26, 2022 - 1:15pm | 583Affirm Holdings Inc (NASDAQ: AFRM) reported $364.1 million in sales for its fiscal fourth quarter, beating the consensus estimate of $355 million in sales. The company, meanwhile, reported a loss of 65 cents per share, significantly worse than Street expectations of a loss of 58 cents per share....
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4 Analyst Takeaways From Upstart's Earnings Call Following 2Q Results
Tuesday, August 9, 2022 - 11:22am | 532Upstart Holdings Inc (NASDAQ: UPST) reported total revenue of $228 million for the second quarter, up 18% year-on-year. The company’s results were broadly in-line with its preannouncement in July. Piper Sandler On Upstart Holdings Analyst Arvind Ramnani maintained a Neutral rating, while...
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PayPal Analysts Increase Price Targets Following Earnings Report, Elliott Management's $2B Investment
Wednesday, August 3, 2022 - 11:48am | 1071Analysts are diving into the second quarter earnings report from PayPal Holdings (NASDAQ: PYPL) and evaluating what a $2 billion stake from Elliott Management could mean for the financial technology company's future. The PayPal Analysts: After PayPal said second-quarter revenue increased...
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PayPal Earnings Preview: Will PayPal's Q2 Pay Off Despite Macroeconomic Uncertainty?
Tuesday, August 2, 2022 - 9:10am | 815PayPal Inc. (NASDAQ: PYPL) stock has been on a secular downtrend since July 2021 and it has plummeted about 71% from its all-time high of $310.16 on July 26, 2021. The improvement in the pandemic situation, which allowed people to shop at physical stores, and former parent eBay Inc.’s (NASDAQ...
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Why Morgan Stanley Is 'Incrementally Negative' On Upstart
Wednesday, June 29, 2022 - 11:57am | 228Credit performance and interest rates, both tailwinds for Upstart Holdings Inc. (NASDAQ: UPST) in 2021, have transformed into headwinds in 2022. The Upstart Analyst: Morgan Stanley analyst James Faucette downgraded his rating for Upstart from Equal-Weight Underweight, while reducing the price...
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Why This Analyst Remains Bullish On Upstart Holdings, While Others Cut Their Ratings
Tuesday, May 10, 2022 - 11:42am | 458Upstart Holdings Inc (NASDAQ: UPST) reported better-than-expected first-quarter results on Monday after the bell. However, shares of the AI consumer lending company tumbled more than 40% as management slashed the 2022 revenue forecast to $1.25 billion. Piper Sandler On Upstart Holdings: Analyst...
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'Long Road Of Rebuilding Begins': PayPal Analysts React To Mixed Q1 Earnings Report
Thursday, April 28, 2022 - 6:39pm | 918Shares of PayPal Holdings Inc (NASDAQ: PYPL) gained 11% on Thursday after the company reported a revenue beat but cut its 2022 guidance. On Wednesday, PayPal reported adjusted first-quarter EPS of 88 cents, in-line with analyst estimates. Revenue for the quarter was $6.5 billion, ahead of consensus...
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'We Understand Street Frustration': 3 Affirm Analysts React To Noisy Q2 Earnings Report
Friday, February 11, 2022 - 5:13pm | 437Shares of Affirm Holdings Inc (NASDAQ: AFRM) tumbled another 20% on Friday after a big Thursday sell-off as the company's revenue guidance disappointed the market. On Thursday, Affirm reported a fiscal second-quarter EPS loss of 57 cents, a larger loss that the 32 cents per share analysts had...