Stock undervalued as we bump up fair value to $19.50 on higher near-term profitability targets.
Stock undervalued as net interest income growth outlook improves.
Stock slightly overvalued, little change expected to $167 fair value price estimate.
We think the bank’s stock remains cheap, with higher rates boosting net interest income.
Credit conditions remain unchanged; stock undervalued with $41 fair value estimate.
Lowering fair value to $47.
Citigroup’s earnings are set to be quite messy for a while, and we think it is more important to ignore the noise and focus on core operations.
Credit outlook still not bad; Higher rates should drive exceptional net interest income growth.
Mild changes to our bottom-line forecasts do not materially affect our $402 fair value estimate.
We are leaving our $850 per share fair value estimate in place and consider shares to be undervalued.
Stock still viewed as attractive, wide moat rating maintained.
The firm boasted 13% organic revenue growth.
Grubhub parent Just Eat is our top pick in the food delivery segment.
With our outlook intact, we maintain our $750 fair value estimate and narrow moat rating.
We plan to lower our $421 fair value estimate for no-moat RH
Following last quarter’s 25% sales decline, we plan to lower our fair value estimate for the no-moat company.
We think the no-moat cruise company is set up for record revenue in 2023.
We think investors are underestimating its brand strength and long-term growth prospects in China, as well as the potential for margin enhancement as it continues to shift to direct-to-consumer from wholesale distribution in North America.
We believe shareholders are not being adequately compensated.
We have long been skeptics of Juul’s outlook.
We expect to lower our fair value estimate to $83 per share.
But construction should rebound.
Still, we see shares as attractive for long-term investors.
At current prices, we view Tesla as fairly valued with the stock trading slightly below our fair value estimate.
We think the most impressive figure from earnings was word of cloud customer consumption revenue increasing by 108%, showing promise for already converted cloud customers.
First-quarter results signal that post-COVID-19 normalization is even more severe than we had previously thought.
While we’re encouraged by the firm’s progress and validation of its technology, we have yet to award the firm an economic moat.
We are encouraged that management cites healthy increases in traffic and sales. Our fair value estimate should dip slightly.
Despite the positive news, we view most solar-related stocks to be fairly valued across our coverage list.
Although underwhelming, the deal is above our fair value estimate
The cybersecurity firm is only in the early stages of establishing an especially sticky identity platform.
We think the electric vehicle maker likely does not need to hire any more employees in order to maintain its growth.
We are maintaining our $384 fair value estimate of the Facebook parent or our exemplary rating of the firm’s capital allocation.
Although we’re lowering our fair value estimate, the company remains one of our top software picks.
The no-moat firm offered mixed messages about the rest of the year.
Shares are trading at a discount to our unchanged fair value estimate of $200.
Since most of its peers' quarters did not include April, Cisco's results and outlook may be a harbinger of temporary softness due to supply chain challenges becoming exacerbated across the industry.
We have lowered our fair value estimate, but still see shares as undervalued.
At this early stage, we would prefer to see VMware remain a stand-alone business.
It wasn't a pretty quarter. We plan to cut our fair value estimate by about 10%.
We expect to trim our fair value estimate on the wide-moat retailer.
The wide-moat company acquired more shares of Apple and committed new money to Citigroup and Paramount Global, among others.
The wide-moat company continues to benefit from housing dynamics like home price appreciation and a shortage in home inventory, despite rising mortgage rates.
We anticipate no material changes to our $227 fair value estimate.
The Tesla CEO later tweeted that he remains 'committed' to purchasing the firm.
Investors can gain exposure to the firm’s unique model with a large margin of safety.
Management will continue to dedicate cash to deleveraging until gross debt reaches the high teens from $26 billion today.
Operating losses for the direct-to-consumer segment continue to widen.
We expect to make about a 25% reduction to our $98 fair value estimate, but shares are undervalued
Now, Kohl’s management must decide whether to accept one of the bids to buy the company.