Nearly 40% of Facebook’s valuation is on the line from regulatory risk, HSBC says

HSBC said regulatory overhang is equivalent to 38.5% of Facebook’s current valuation. But HSBC said its only a matter of time before the stock prices in the real threat of privacy, regulatory and antitrust risk. The results of the regulatory crackdown, including fines and policy changes could cost Facebook almost 40% of its market value, the firm said. Trust-busting, anti-competitive fines, privacy fines, taxation, merger control and telecoms-type regulation all pose potential implications to va


HSBC said regulatory overhang is equivalent to 38.5% of Facebook’s current valuation.
But HSBC said its only a matter of time before the stock prices in the real threat of privacy, regulatory and antitrust risk.
The results of the regulatory crackdown, including fines and policy changes could cost Facebook almost 40% of its market value, the firm said.
Trust-busting, anti-competitive fines, privacy fines, taxation, merger control and telecoms-type regulation all pose potential implications to va
Nearly 40% of Facebook’s valuation is on the line from regulatory risk, HSBC says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, stock, telecomstype, regulatory, target, nearly, risk, line, share, facebook, fines, valuation, facebooks, hsbc


Nearly 40% of Facebook's valuation is on the line from regulatory risk, HSBC says

The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California.

Imagine $225 billion of Facebook’s $565 billion market cap was gone. That’s how much HSBC Global Strategies said is threatened by the social media giant’s dance with regulators.

The firm initiated coverage of Facebook with a reduce rating, recommending investors sell the stock. HSBC said regulatory overhang is equivalent to 38.5% of Facebook’s current valuation.

“Although it has taken time for policy makers and regulators to ready their ideas, it should now be clear they have well-advanced plans for intrusive interventions,” said HSBC senior analyst Nicolas Cote-Colisson in a note to clients.

Facebook has drawn negative attention from politicians and regulators from the U.S. and all over the world. The Federal Trade Commission, the the European Union have all announced investigations into Facebook, either on the tech giant’s practices on digital competition or concerns about its digital currency Libra. Despite the regulatory overhang, shares of Facebook are up over 50% this year. But HSBC said its only a matter of time before the stock prices in the real threat of privacy, regulatory and antitrust risk.

“In a sense, Facebook’s sheer pace of growth is becoming a risk factor in its own right, as it is likely to accelerate scrutiny and intervention,” said Cote-Colisson.

The results of the regulatory crackdown, including fines and policy changes could cost Facebook almost 40% of its market value, the firm said. Trust-busting, anti-competitive fines, privacy fines, taxation, merger control and telecoms-type regulation all pose potential implications to valuation.

“For instance, the possibility of imposition of telecoms-type regulation to make it easy for users to move to competitors,” said Cote-Colisson.

HSBC said due to the risk, growth will become more challenging, therefore consensus estimates are overly ambitious.

The average 12-month price target for Facebook on Wall Street is $238.28 per share, according to FactSet. HSBC lowered its 12-month price target for Facebook to $178 per share. Facebook’s stock closed at $198.71 on Wednesday.

—with reporting from CNBC’s Michael Bloom.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, stock, telecomstype, regulatory, target, nearly, risk, line, share, facebook, fines, valuation, facebooks, hsbc


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Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks

A war is brewing in digital banking, and one leading player just loaded up on ammunition. Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable increase from its last round nine months ago, when it raised $200 million at a $1.5 billion valuation. That’s led to torrid growth, going from 1 million accounts last year to about


A war is brewing in digital banking, and one leading player just loaded up on ammunition.
Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation.
That is a remarkable increase from its last round nine months ago, when it raised $200 million at a $1.5 billion valuation.
That’s led to torrid growth, going from 1 million accounts last year to about
Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: hugh son
Keywords: news, cnbc, companies, takes, banks, raised, million, growth, according, billion, wework, startups, uber, chime, megabanks, bank, quadruples, digital, valuation


Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks

A war is brewing in digital banking, and one leading player just loaded up on ammunition.

Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable increase from its last round nine months ago, when it raised $200 million at a $1.5 billion valuation.

The move shows that for select start-ups, massive amounts of cash are still readily available, even after investors have grown skittish after Uber and WeWork exposed excesses in private funding markets. The $500 million it raised, led by DST Global, is the biggest single equity investment for a so-called challenger bank, eclipsing the $400 million garnered by Brazilian firm NuBank, according to CB Insights.

Chime CEO Chris Britt plans on using the funds to develop new products and double his employee count by the end of 2020, including a new Chicago office, according to one of the people, who declined to be identified speaking about the bank’s strategy. It will also weigh acquisitions of other fintech firms, this person said.

The San Francisco-based start-up is gearing up for growth just as competition is set to intensify. Apart from other U.S. challenger banks like Varo and Current, seemingly every consumer fintech firm has added a bank account in the past year. On top of that, tech giants including Google and Uber have indicated plans to join the fray, and successful overseas digital banks like Monzo and N26 are coming to the U.S. as well.

But Chime appears to have struck on a winning formula: It targets the disaffected customers of traditional banks with no-fee accounts, free overdrafts and early direct deposits on paychecks. That’s led to torrid growth, going from 1 million accounts last year to about 6.5 million this month.

Still, in the wake of the WeWork debacle, there is greater skepticism of money-burning start-ups with stratospheric valuations, and Chime will have to prove that it can maintain growth with an eye towards profitability. In recent months, funding rounds in Silicon Valley are taking longer to close, and in the case of digital bank Aspiration have stalled, as CNBC reported last month.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: hugh son
Keywords: news, cnbc, companies, takes, banks, raised, million, growth, according, billion, wework, startups, uber, chime, megabanks, bank, quadruples, digital, valuation


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One stock up 370% this year could be hitting a wall

One streaming stock is blowing the rest away this year. The stock came under pressure on Monday after Morgan Stanley downgraded to underweight on valuation concerns. Katie Stockton, founder of Fairlead Strategies, says the stock could see near-term pain until the long-term trend reasserts itself. “It’s a long-term uptrend for the stock. “It’s not impacting the long-term uptrend which you can really judge by the rising 200-day moving average.


One streaming stock is blowing the rest away this year.
The stock came under pressure on Monday after Morgan Stanley downgraded to underweight on valuation concerns.
Katie Stockton, founder of Fairlead Strategies, says the stock could see near-term pain until the long-term trend reasserts itself.
“It’s a long-term uptrend for the stock.
“It’s not impacting the long-term uptrend which you can really judge by the rising 200-day moving average.
One stock up 370% this year could be hitting a wall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: keris lahiff
Keywords: news, cnbc, companies, gap, wall, uptrend, theyre, stockton, 370, right, longterm, tepper, hitting, stock, streaming, valuation


One stock up 370% this year could be hitting a wall

One streaming stock is blowing the rest away this year.

Roku has exploded 370% since the beginning of the year, far better than the streaming stocks often grouped with it, including Netflix, Disney and Amazon.

Its shares crept higher again on Tuesday a day after plummeting 15%. The stock came under pressure on Monday after Morgan Stanley downgraded to underweight on valuation concerns.

Mark Tepper, president of Strategic Wealth Partners, also sees valuations taking the stock down a peg.

“It’s crazy expensive right now … This thing’s priced for perfection,” Tepper said on CNBC’s “Trading Nation” on Monday. “At this point, more could go wrong than right at these price levels right now,” said Tepper. “This valuation looks like they’re the only game in town, and they’re not. In fact they’re actually facing more and more competition.”

Tepper notes that its enterprise value to sales ratio has averaged roughly seven over the last two years. It now trades at 11.5 times.

Katie Stockton, founder of Fairlead Strategies, says the stock could see near-term pain until the long-term trend reasserts itself.

“It’s a long-term uptrend for the stock. When you see a gap down like this, it’s always difficult to determine what to do,” Stockton said during the same segment. “When you do see a gap down following a nice up move like we’ve seen in Roku, it tends to mark the beginning of a pullback … but the impact even of this dramatic gap really is just short to intermediate term for the stock.”

“It’s not impacting the long-term uptrend which you can really judge by the rising 200-day moving average. There is some support between here and there, right around $117 to begin with,” said Stockton.

Roku would need to fall 18% before reaching $117. It last traded at that level in early November.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: keris lahiff
Keywords: news, cnbc, companies, gap, wall, uptrend, theyre, stockton, 370, right, longterm, tepper, hitting, stock, streaming, valuation


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Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks. “Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. Roku’s valuation levels have surged past digital media players and


A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.
Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.
“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming.
Roku’s valuation levels have surged past digital media players and
Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: 'It's all priced in'

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.

Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.

Roku’s stock fell more than 16% in trading on Monday.

“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. As a result, we see the risk/reward skewed to the downside. Roku’s valuation levels have surged past digital media players and even past high-growth SAAS [software as a service] companies … despite structurally lower gross margins,” Morgan Stanley analyst Benjamin Swinburne said in a note to investors. The note was titled, “It’s all priced in.”


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


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Here are the biggest analyst calls of the day: Roku, Wells Fargo, Biogen & more

Here are the biggest calls on Wall Street on Monday:Morgan Stanley said in its downgraded that revenue and gross profit growth will slow meaningfully in 2020. “Roku continues to execute a sound strategy to capitalize on the shift to streaming. However, we believe there are risks to growth expectations not reflected in current valuation levels. Specifically, we think revenue and gross profit growth slow meaningfully in ’20 and the multiple compresses.” Read more about this call here.


Here are the biggest calls on Wall Street on Monday:Morgan Stanley said in its downgraded that revenue and gross profit growth will slow meaningfully in 2020.
“Roku continues to execute a sound strategy to capitalize on the shift to streaming.
However, we believe there are risks to growth expectations not reflected in current valuation levels.
Specifically, we think revenue and gross profit growth slow meaningfully in ’20 and the multiple compresses.”
Read more about this call here.
Here are the biggest analyst calls of the day: Roku, Wells Fargo, Biogen & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael bloom
Keywords: news, cnbc, companies, day, growth, wall, revenue, profit, fargo, wells, biogen, slow, street, analyst, biggest, valuation, gross, calls, meaningfully, think, roku


Here are the biggest analyst calls of the day: Roku, Wells Fargo, Biogen & more

Here are the biggest calls on Wall Street on Monday:

Morgan Stanley said in its downgraded that revenue and gross profit growth will slow meaningfully in 2020.

“Roku continues to execute a sound strategy to capitalize on the shift to streaming. However, we believe there are risks to growth expectations not reflected in current valuation levels. Specifically, we think revenue and gross profit growth slow meaningfully in ’20 and the multiple compresses.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael bloom
Keywords: news, cnbc, companies, day, growth, wall, revenue, profit, fargo, wells, biogen, slow, street, analyst, biggest, valuation, gross, calls, meaningfully, think, roku


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Here are the biggest analyst calls of the day: Roku, Wells Fargo, Biogen & more

Here are the biggest calls on Wall Street on Monday:Morgan Stanley said in its downgraded that revenue and gross profit growth will slow meaningfully in 2020. “Roku continues to execute a sound strategy to capitalize on the shift to streaming. However, we believe there are risks to growth expectations not reflected in current valuation levels. Specifically, we think revenue and gross profit growth slow meaningfully in ’20 and the multiple compresses.” Read more about this call here.


Here are the biggest calls on Wall Street on Monday:Morgan Stanley said in its downgraded that revenue and gross profit growth will slow meaningfully in 2020.
“Roku continues to execute a sound strategy to capitalize on the shift to streaming.
However, we believe there are risks to growth expectations not reflected in current valuation levels.
Specifically, we think revenue and gross profit growth slow meaningfully in ’20 and the multiple compresses.”
Read more about this call here.
Here are the biggest analyst calls of the day: Roku, Wells Fargo, Biogen & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael bloom
Keywords: news, cnbc, companies, day, growth, wall, revenue, profit, fargo, wells, biogen, slow, street, analyst, biggest, valuation, gross, calls, meaningfully, think, roku


Here are the biggest analyst calls of the day: Roku, Wells Fargo, Biogen & more

Here are the biggest calls on Wall Street on Monday:

Morgan Stanley said in its downgraded that revenue and gross profit growth will slow meaningfully in 2020.

“Roku continues to execute a sound strategy to capitalize on the shift to streaming. However, we believe there are risks to growth expectations not reflected in current valuation levels. Specifically, we think revenue and gross profit growth slow meaningfully in ’20 and the multiple compresses.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael bloom
Keywords: news, cnbc, companies, day, growth, wall, revenue, profit, fargo, wells, biogen, slow, street, analyst, biggest, valuation, gross, calls, meaningfully, think, roku


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Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks. “Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. Roku’s valuation levels have surged past digital media players and


A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.
Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.
“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming.
Roku’s valuation levels have surged past digital media players and
Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: 'It's all priced in'

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.

Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.

Roku’s stock fell more than 16% in trading on Monday.

“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. As a result, we see the risk/reward skewed to the downside. Roku’s valuation levels have surged past digital media players and even past high-growth SAAS [software as a service] companies … despite structurally lower gross margins,” Morgan Stanley analyst Benjamin Swinburne said in a note to investors. The note was titled, “It’s all priced in.”


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


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Blackstone’s Byron Wien says stocks have ‘room to move up’ and this is ‘nothing like 2006 or 1999’

The stock market’s rally may be far from over as low interest rates keep valuations in an attractive place, according to Wall Street legend Byron Wien. Wien has been on Wall Street for more than 50 years and his annual list of 10 market surprises remains a must-read in the financial industry. He noted the S&P 500’s fair value rested around 18 times next year’s earnings, referring to the average’s price-earnings ratio. “At these interest rates, that’s not an excessive valuation,” he said. “This i


The stock market’s rally may be far from over as low interest rates keep valuations in an attractive place, according to Wall Street legend Byron Wien.
Wien has been on Wall Street for more than 50 years and his annual list of 10 market surprises remains a must-read in the financial industry.
He noted the S&P 500’s fair value rested around 18 times next year’s earnings, referring to the average’s price-earnings ratio.
“At these interest rates, that’s not an excessive valuation,” he said.
“This i
Blackstone’s Byron Wien says stocks have ‘room to move up’ and this is ‘nothing like 2006 or 1999’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: fred imbert
Keywords: news, cnbc, companies, rates, market, interest, situation, blackstones, wien, room, stocks, 1999, 2006, wall, value, street, valuation, byron


Blackstone's Byron Wien says stocks have 'room to move up' and this is 'nothing like 2006 or 1999'

The stock market’s rally may be far from over as low interest rates keep valuations in an attractive place, according to Wall Street legend Byron Wien.

“People complain that the market is overvalued but … with these interest rates, the market is really below fair value,” Wien, vice chairman of private wealth solutions at Blackstone, told CNBC’s “Squawk on the Street” on Wednesday. “It still has some room to move up.”

Wien has been on Wall Street for more than 50 years and his annual list of 10 market surprises remains a must-read in the financial industry.

He noted the S&P 500’s fair value rested around 18 times next year’s earnings, referring to the average’s price-earnings ratio. That figure is among the most widely used valuation metrics by investors. FactSet data showed the S&P 500’s forward P/E around 17.8.

“At these interest rates, that’s not an excessive valuation,” he said.

Wien’s comments came after the S&P 500 notched yet another record high Wednesday. The index has been on fire since October as optimism around the U.S.-China trade situation increased while the Federal Reserve cut rates for the third time last month. That last reduction brought the Fed’s overnight rate to a range between 1.5% and 1.75%. Since Oct. 1, the S&P 500 is up more than 5%.

He also said the U.S. is in a “good situation” as the economy is solid and earnings are “still coming through.” But Wien added that lots of investors are still skeptical about the rally as money keeps flowing out of equity mutual funds while hedge funds are not overexposed to stocks.

“With the performance of the market this year, you would have expected some euphoria, but the market does not exhibit euphoria,” Wien said. “This is nothing like 2006 or 1999,” the years that preceded the financial crisis and the dot-com bubble bursting.

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Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: fred imbert
Keywords: news, cnbc, companies, rates, market, interest, situation, blackstones, wien, room, stocks, 1999, 2006, wall, value, street, valuation, byron


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Here are the biggest analyst calls of the day: Uber, Alibaba, Zoom & more

Stifel said in its upgrade of Uber that the stock’s valuation presents a more “reasonable” entry point among other things. “The ridesharing market (particularly in the U.S.) experienced faster-than-expected competitive rationalization, Uber demonstrated an accelerated path to profitability and set a formal 2021 profitability target, take rates improved, better segment-level disclosure leaves us more constructive on the core Rides fundamentals, management has communicated a willingness to exit lo


Stifel said in its upgrade of Uber that the stock’s valuation presents a more “reasonable” entry point among other things.
“The ridesharing market (particularly in the U.S.) experienced faster-than-expected competitive rationalization, Uber demonstrated an accelerated path to profitability and set a formal 2021 profitability target, take rates improved, better segment-level disclosure leaves us more constructive on the core Rides fundamentals, management has communicated a willingness to exit lo
Here are the biggest analyst calls of the day: Uber, Alibaba, Zoom & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: michael bloom
Keywords: news, cnbc, companies, alibaba, uber, calls, valuation, willingness, biggest, better, day, stocks, market, thingsthe, target, analyst, profitability, upgrade, zoom


Here are the biggest analyst calls of the day: Uber, Alibaba, Zoom & more

Stifel said in its upgrade of Uber that the stock’s valuation presents a more “reasonable” entry point among other things.

“The ridesharing market (particularly in the U.S.) experienced faster-than-expected competitive rationalization, Uber demonstrated an accelerated path to profitability and set a formal 2021 profitability target, take rates improved, better segment-level disclosure leaves us more constructive on the core Rides fundamentals, management has communicated a willingness to exit losing parts of the business (Eats in lower- market share markets) in 12-18 months, valuation has reset to a level with better risk / reward, and the IPO lockup expiration has passed.”


Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: michael bloom
Keywords: news, cnbc, companies, alibaba, uber, calls, valuation, willingness, biggest, better, day, stocks, market, thingsthe, target, analyst, profitability, upgrade, zoom


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Here are the biggest analyst calls of the day: Uber, Alibaba, Zoom & more

Stifel said in its upgrade of Uber that the stock’s valuation presents a more “reasonable” entry point among other things. “The ridesharing market (particularly in the U.S.) experienced faster-than-expected competitive rationalization, Uber demonstrated an accelerated path to profitability and set a formal 2021 profitability target, take rates improved, better segment-level disclosure leaves us more constructive on the core Rides fundamentals, management has communicated a willingness to exit lo


Stifel said in its upgrade of Uber that the stock’s valuation presents a more “reasonable” entry point among other things.
“The ridesharing market (particularly in the U.S.) experienced faster-than-expected competitive rationalization, Uber demonstrated an accelerated path to profitability and set a formal 2021 profitability target, take rates improved, better segment-level disclosure leaves us more constructive on the core Rides fundamentals, management has communicated a willingness to exit lo
Here are the biggest analyst calls of the day: Uber, Alibaba, Zoom & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: michael bloom
Keywords: news, cnbc, companies, alibaba, uber, calls, valuation, willingness, biggest, better, day, stocks, market, thingsthe, target, analyst, profitability, upgrade, zoom


Here are the biggest analyst calls of the day: Uber, Alibaba, Zoom & more

Stifel said in its upgrade of Uber that the stock’s valuation presents a more “reasonable” entry point among other things.

“The ridesharing market (particularly in the U.S.) experienced faster-than-expected competitive rationalization, Uber demonstrated an accelerated path to profitability and set a formal 2021 profitability target, take rates improved, better segment-level disclosure leaves us more constructive on the core Rides fundamentals, management has communicated a willingness to exit losing parts of the business (Eats in lower- market share markets) in 12-18 months, valuation has reset to a level with better risk / reward, and the IPO lockup expiration has passed.”


Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: michael bloom
Keywords: news, cnbc, companies, alibaba, uber, calls, valuation, willingness, biggest, better, day, stocks, market, thingsthe, target, analyst, profitability, upgrade, zoom


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