
Goldman Sachs Keeps Their Hold Rating on oOh media Ltd (OML)
Protect Your Portfolio Against Market Uncertainty
Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
According to TipRanks, Hannan is a 4-star analyst with an average return of 9.2% and a 60.89% success rate. Hannan covers the Technology sector, focusing on stocks such as Wisetech Global, Nextdc Limited, and Xero Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for oOh media Ltd with a A$1.78 average price target.
Based on oOh media Ltd's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$347.31 million and a net profit of A$30.75 million. In comparison, last year the company earned a revenue of A$337.32 million and had a net profit of A$28.17 million

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Insider
an hour ago
- Business Insider
Alphabet Class A (GOOGL) Receives a Buy from Citizens JMP
In a report released yesterday, Andrew Boone from Citizens JMP reiterated a Buy rating on Alphabet Class A, with a price target of $225.00. The company's shares closed yesterday at $195.04. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Boone is a 5-star analyst with an average return of 11.3% and a 54.49% success rate. Boone covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Upwork. In addition to Citizens JMP, Alphabet Class A also received a Buy from Robert W. Baird's Colin Sebastian in a report issued yesterday. However, on August 3, Wells Fargo assigned a Hold rating to Alphabet Class A (NASDAQ: GOOGL). Based on Alphabet Class A's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $96.43 billion and a net profit of $28.2 billion. In comparison, last year the company earned a revenue of $84.74 billion and had a net profit of $23.62 billion
Yahoo
2 hours ago
- Yahoo
Analysis-US companies spending record amounts to protect executives as threats rise
By Ross Kerber and Isla Binnie (Reuters) -U.S. companies are spending record amounts to keep their executives safe in response to rising threats and the killings of two high-profile corporate officials in separate attacks in Manhattan over the last eight months. Corporations have doubled the number of plain-clothed security teams outside buildings in New York City since a shooting last week in which four people were killed, said Glen Kucera, president of the enhanced protection services unit at Allied Universal, a security and facilities services firm. "It's unspeakable. I never knew anyone who was murdered," said Rich Friedman, chairman of Goldman Sachs Asset Management, who previously worked with one of the victims, Blackstone executive Wesley LePatner. Her death shook Wall Street, even though authorities believe her killing was a random event. Police said the shooter was targeting the headquarters of the National Football League, which is housed in the same building in the Midtown area of Manhattan where LePatner worked. The shooter also killed a New York City police officer, building security guard and employee at real estate company Rudin before turning the gun on himself. The attack was "shocking and hits very close to home," Citigroup spokesperson Ed Skyler said in a note to employees a day after the July 28 killings in Midtown. "Understandably, yesterday has also left many of us feeling uneasy," he said, assuring employees that the bank has beefed up security at its Manhattan headquarters over the last year. Threats against executives "have massively ramped up since 2020," said Chris Pierson, the CEO of cybersecurity firm BlackCloak. He noted how the man charged with murdering a Minnesota lawmaker and her husband near Minneapolis in June allegedly kept a target list of mostly other politicians and used online people-search services to find their addresses. Ben Joelson, head of security risk and resilience for the Chertoff Group, a security advisory firm, said threats against executives are higher than at any time in the decade he has worked in the field, with social media posts magnifying complaints against institutional leaders. Artificial intelligence is compounding the problem, leading to an "exponential rise" in realistic phishing attempts, Joelson was cited as saying in a report by research firm Equilar. When UnitedHealthcare CEO Brian Thompson was shot to death in New York in December, it seemed to be a very rare "black swan event," Joelson told Reuters in an interview. But targeted attacks have continued, including the killings in Minnesota and the shooting deaths of two employees of the Israeli embassy in Washington in May. "It's increasingly acceptable for some bad actors or adversaries to address grievances through violence," which has led many companies to put a new focus on security, Joelson said. Matthew Dumpert, global leader of enterprise security risk management at financial and risk advisory firm Kroll, said a lot of existing and new clients reached out last week following the deadly attack in Midtown. "Several of the outreaches directly to me have been by the executive committees ... whoever owns risk. It's chief legal officers, admin officers, compliance officers, security officers," Dumpert said. He added that several clients that had emergency response projects slated to start later this year have asked him to "put those on the front burner. Start immediately, and let's move forward." 'TREND IS UNSURPRISING' Median spending on executive security for top officers including chief executives, chief financial officers and others rose 16% to a record $106,530 last year, according to new data from Equilar, which reviewed financial filings for the 500 largest U.S. public companies by revenue. Security spending includes surveillance and alarm systems for executives' homes, personal guards and cybersecurity protections. Equilar analysts said the trend is likely to continue as firms grapple with the growing threats to their executives and employees. The percentage of executives at those companies with such protection rose to 33.8% from 23.3% over the 2020-2024 period, Equilar said. Nearly a third of CEOs in the group, 32.4%, received security services last year, up from 21.9% in 2020; the value of those CEOs' security perks reached a median $77,976 last year, up from $40,052 in 2020. Tech companies had the biggest growth in implementing security measures for executives, with a 73.5% jump in those receiving the benefits from 2020 to 2024, but communications companies spent the most, at a median value of $1.2 million a year, Equilar found. Blue-chip companies such as Walmart, General Motors, American Express, and chipmaker Broadcom, previously disclosed new or increased security expenses from previous years following Thompson's killing. "The trend is unsurprising considering the broader concerns about executive safety amid geopolitical instability, increasing cyber threats and the high public visibility of top leadership roles," Equilar said in its report. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati

Business Insider
5 hours ago
- Business Insider
AI is already driving up unemployment among young tech workers, according to Goldman Sachs
Artificial intelligence is reshaping the US job market — and young tech workers are feeling the brunt of it. "It is true that AI is starting to show up more clearly in the data," wrote Jan Hatzius, Goldman Sachs' chief economist, in a Monday note. Goldman's analysis shows that the tech sector's share of the US employment market peaked in November 2022 — when ChatGPT was launched — and has since fallen below its long-term trend. The impact has been especially sharp for young tech workers. The unemployment rate for 20- to 30-year-olds in tech has risen by nearly 3 percentage points since early 2024, over four times the increase in the overall jobless rate. That spike is yet another sign that generative AI is starting to displace white-collar jobs, especially among early-career workers. "While this is still a small share of the overall US labor market, we estimate that generative AI will eventually displace 6-7% of all US workers," Hatzius wrote. Goldman expects that shift to happen over the next decade. The firm forecasts that the peak unemployment impact will be limited to a "manageable" 0.5 percentage point, as other industries absorb many displaced workers. The report comes amid growing concerns about US labor market weakness. The US economy added just 73,000 jobs in July, far short of the 106,000 expected by economists, according to data from the Bureau of Labor Statistics on Friday. Job growth for May and June was also revised sharply lower. "Friday's jobs numbers reinforced our view that US growth is near stall speed — a pace below which the labor market weakens in a self-reinforcing fashion," wrote Hatzius. Despite AI's impact, Hatzius pointed to a bigger near-term problem: a slowdown in US output growth, which he attributes in part to higher tariffs. Goldman estimates that real GDP grew at a 1.2% annualized rate in the first half of the year. Analysts wrote that they expect a "similarly sluggish pace" in the second half. "While the easing in financial conditions and the pickup in business confidence should support growth, real disposable income and consumer spending are likely to grow very slowly, not just because of the weakness in job growth but also because most of the pass-through from tariffs to consumer prices is still ahead of us," Hatzius wrote. Tech leaders have warned of an AI-induced jobs cliff. In May, Anthropic CEO Dario Amodei said that AI may eliminate 50% of entry-level, white-collar jobs in the next five years.