Trimming fair value estimate on Alphabet stock to $154; shares undervalued.
Stock undervalued with fair value estimate of $260.
Slashing Snap stock’s fair value estimate to to $16
These companies could benefit, even during hard times.
Maintaining $260 fair value estimate, shares attractive.
Maintaining $73 fair value estimate on Uber stock; Shares remain attractive.
Earnings for Q3 mixed, but strategy for metaverse a concern.
Trimming fair value estimate on Alphabet’s stock to $160 from $169; shares undervalued.
Fair value estimate on Snap’s stock maintained at $27; company missed on top- and bottom-line growth.
We continue to view all three narrow-moat firms’ stocks as attractive.
We are raising our valuation of Twitter as the likelihood of either side now stepping away from the transaction is minimal.
Morningstar’s analyst says both stocks are undervalued, although one is favored.
Maintaining $73 far value estimate on Uber stock; shares undervalued.
Stock is attractive as we remain confident that the firm can continue to differentiate itself and attract users.
Reducing Meta stock’s fair value estimate to $346 from $384, but shares undervalued.
Google’s dominance in search is unmatched, and YouTube should boost the top and bottom lines, says Morningstar’s analyst.
Lowering Alphabet stock’s fair value estimate to $169 from $180 amid ongoing economic and geopolitical challenges.
Fair value estimate on Twitter’s stock cut to $44 on pullback in advertising demand; shares slightly undervalued.
Snap’s results raise more questions about social media advertising and outlook for the stock.
Lowering fair value to $47.
Stock still viewed as attractive, wide moat rating maintained.
We are maintaining our $384 fair value estimate of the Facebook parent or our exemplary rating of the firm’s capital allocation.
Facebook’s parent is trading at just half of what Morningstar’s analyst thinks it’s worth.
We have lowered our fair value estimate, but still see shares as undervalued.
The Tesla CEO later tweeted that he remains 'committed' to purchasing the firm.
The firm’s driver count is now higher than at any point since the pandemic.
Lyft, along with Uber, are trading at attractive prices
We think the deal is likely to go through later this year, but the market may be pricing in the risk associated with that scrutiny.
We view this wide-moat name attractive as it is trading at less than half our fair value estimate.
Strong growth in search advertising and cloud were partially offset by higher-than-anticipated deceleration at YouTube.
Its board has unanimously given Musk the OK to take the company private in an all-cash transaction for $54.20 per share, slightly below our $58 fair value estimate.
Snap reported first-quarter results slightly below our projections due partially to the Ukraine war and various macro headwinds. We have reduced our fair value estimate for Snap to $63 from $66.
Will Musk pursue the acquisition?
We believe the probability of Twitter accepting the $54.20 per share offer is likely below 50%.
Twitter’s offer limited Musk's stake, which may have curbed his attempt to become more of an active investor and/or take over the firm.
We believe Musk's communication to the firm, other shareholders, and the platform's 217 million daily active users could affect Twitter’s long-term strategy.
This acquisition helps Google compete more effectively with Amazon and Microsoft.
Demand for food delivery remains strong; we see this as undervalued.
After adjusting our model, we are raising our fair value estimate to $73 from $69. Trading at 0.55 times our fair value estimate, we view narrow-moat Uber as attractive.
We expect profitability to improve in 2023 and beyond.
Meta Platforms, the parent of Facebook, reported mixed fourth-quarter 2021 results. Revenue was slightly ahead of expectations but the firm missed on the bottom line. We have slightly lowered our revenue growth assumptions for Meta, resulting in a $400 fair value estimate.
Alphabet reported strong fourth-quarter 2021 results, driven by continuing growth in search advertising, further YouTube monetization, and acceleration of Google cloud growth. We have increased our fair value estimate 4% to $3,600.
The leadership change does not impact our view of no-moat Twitter. We are maintaining our $58 fair value estimate.
We are maintaining our fair value estimate for Uber and continue to view this narrow-moat stock, along with its peer Lyft, as attractive.
We are raising our fair value estimate for the company.
We think the shares are attractive.
We continue to view this narrow-moat stock as one of the most attractive among ad holding firms.
We are maintaining our fair value estimate and recommend that new investors wait for a margin of safety before allocating capital to Twitter.
With further YouTube and other Google apps monetization opportunities and the firm’s increasing traction in the cloud market, we have slightly increased our projections, resulting in a 6% increase in our Alphabet fair value estimate to $3,400.
Wide-moat Facebook reported mixed third-quarter results and provided fourth-quarter revenue guidance below the FactSet consensus estimates. We reduced our Facebook fair value estimate by less than 1% to $404.