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'Profitability In Sight': Why These Analysts Are Bullish On Lyft
Wednesday, February 10, 2021 - 6:50pm | 490Lyft Inc (NASDAQ: LYFT) announced fourth-quarter earnings after close Tuesday and analysts shared their takeaways on the report and what could be next. The Lyft Analysts: DA Davidson analyst Tom White maintains a Buy rating and raises the price target on Lyft to $66. Morgan Stanley analyst Brian...
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Analysts Initiate Coverage Of Airbnb: 'Best-In-Class Travel Company With A Premium Valuation'
Monday, January 4, 2021 - 12:45pm | 648High-profile December IPO Airbnb Inc (NASDAQ: ABNB) is off to a volatile start on the public market. The vacation rental giant priced its IPO shares at $68 early last month, but the stock more than doubled when it opened at $146 the following day. The momentum continued, pushing Airbnb shares as...
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DoorDash Gets First Analyst Rating: Here's Why He's Bullish
Tuesday, December 1, 2020 - 11:59am | 263Food delivery company DoorDash has yet to list its stock in a public exchange, but The Street is out with its first rating. The Analyst: DA Davidson analyst Tom White initiated coverage of DoorDash's (NYSE: DASH) stock with a Buy rating and $93 price target. The Thesis: DoorDash was founded in...
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8 Lyft Analysts React To Q2 Earnings, California Risks
Thursday, August 13, 2020 - 5:02pm | 1186Ride-hailing company Lyft Inc (NASDAQ: LYFT) reported second-quarter results that immediately sent shares trading higher. But the stock reversed course and dipped into negative territory as the company acknowledged it may need to pause its operations in California. The Analysts CFRA analyst...
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Uber's $2.65B Postmates Acquisition: The Bull Vs. Bear Reaction
Tuesday, July 7, 2020 - 3:40pm | 601The Street's reaction to Uber Technologies Inc's (NYSE: UBER) $2.65-billion acquisition of Postmates is mixed as some analysts are praising the deal while others question the logic. DA Davidson's White: No Major Change In Food Delivery The U.S.-based market share Postmates holds...
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Is 2020 The Year Of Uber? 2 Pros Discuss Key Issues
Monday, January 13, 2020 - 2:26pm | 357Ride-hailing companies could fare well in 2020 but it may be a mistake to assume Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) offer similar investment profiles, according to Canaccord Genuity's Michael Graham. Uber Vs. Lyft Graham said Monday on CNBC's "Squawk Box...
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DA Davidson Upgrades Redfin On Additional Revenue Streams In Mortgage, Title Services
Tuesday, December 10, 2019 - 2:02pm | 255Redfin Corp (NASDAQ: RDFN) is making steady progress in expanding the revenue streams in its Mortgage and Title businesses, according to DA Davidson. The Analyst DA Davidson’s Tom White upgraded Redfin from Neutral to Buy, while raising the price target from $18.50 to $25.00. The Thesis...
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Uber Earnings Reinforce Analyst Bullishness
Tuesday, November 5, 2019 - 11:45am | 826Uber Technologies Inc (NYSE: UBER) exceeded third-quarter expectations with $3.8 billion in revenue and a loss per share of 68 cents. For investors, that wasn’t enough. A Tuesday sell-off cut Uber’s stock by more than 7%, but for analysts, the report was generally celebrated. Rearview...
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Lyft Scores Upgrade, Analyst Praise After Strong Q3
Thursday, October 31, 2019 - 12:28pm | 1003LYFT Inc (NASDAQ: LYFT) reported a significant third-quarter sales beat Wednesday that was driven by 28% growth in active riders and 27% growth in revenue per active rider. Contribution margins improved by 500 basis points, and earnings before interest, tax, depreciation and amortization were...
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Lyft's Quarter Shows Ride-Sharing Market Strength, May Be Good Sign For Uber
Thursday, August 8, 2019 - 12:40pm | 818Lyft Inc.'s (NASDAQ: LYFT) strong quarter and acceleration toward profitability shows the overall ride-sharing market is rolling along nicely in the United States, which may bode well for Uber Technologies Inc (NYSE: UBER), sell-side analysts said. Lyft’s results in just its second...
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Cars.com Crushed After Q2 Earnings Miss; DA Davidson Cuts Price Target In Half
Tuesday, August 6, 2019 - 1:43pm | 405Cars.com Inc (NYSE: CARS) shares are getting wrecked yet again one day after reporting a second-quarter earnings miss. The Analyst DA Davidson’s Tom White downgraded Cars.com from Buy to Neutral and lowered his price target from $28 to $13.50. The Thesis Cars.com's strategic review...
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DA Davidson Turns Bullish On Tripadvisor
Thursday, June 27, 2019 - 3:36pm | 341DA Davidson initiated coverage of online travel platform Tripadvisor Inc (NASDAQ: TRIP) in early 2018 with a Neutral rating, a stance that remained unchanged until Thursday. The Analyst DA Davidson's Tom White upgraded Tripadvisor from Neutral to Buy with an unchanged $55 price target. The...
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Uber Shares Rise, Analysts Largely Positive After First Quarterly Print
Friday, May 31, 2019 - 11:28am | 614Sell-side analysts and investors remained generally positive on Uber Technologies, Inc. (NYSE: UBER) after the newly public ride-hailing company’s first-quarter earnings report, which was broadly in line with expectations, missing slightly on earnings but with a revenue beat. Of particular...
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DA Davidson Remains Bullish On Lyft, Despite Weak Uber IPO Raising Concerns Over Ride-Hailing Model
Tuesday, May 14, 2019 - 10:37am | 395Shares of Uber Technologies Inc (NYSE: UBER) have delivered weak performance since the ride-hailing company's Friday IPO, reflecting investor concerns around its business model, according to D.A. Davidson. Recent discussions with investors suggest a significant change in sentiment related to...
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DA Davidson Analyst: Choice Between Uber, Lyft Is Easy
Thursday, May 9, 2019 - 2:48pm | 359The battle of public ride-hailing companies begins Friday when Uber becomes a public company. Should investors stick with the larger Uber or opt for rival Lyft Inc (NASDAQ: LYFT)? What Happened D.A. Davidson senior research analyst Tom White told CNBC during a recent "Trading Nation...