
Analysts Offer Insights on Technology Companies: PagerDuty (PD) and AvePoint (AVPT)
Confident Investing Starts Here:
PagerDuty (PD)
Monness analyst Brian White maintained a Hold rating on PagerDuty on May 30. The company's shares closed last Friday at $14.26.
According to TipRanks.com, White is a top 100 analyst with an average return of 17.7% and a 67.1% success rate. White covers the Technology sector, focusing on stocks such as Salesforce, Snowflake, and MongoDB.
Currently, the analyst consensus on PagerDuty is a Hold with an average price target of $18.70, implying a 24.8% upside from current levels. In a report issued on May 21, TD Cowen also maintained a Hold rating on the stock with a $18.00 price target.
AvePoint (AVPT)
The company's shares closed last Friday at $18.65, close to its 52-week high of $19.90.
According to TipRanks.com, Wood is a 5-star analyst with an average return of 15.0% and a 62.4% success rate. Wood covers the Technology sector, focusing on stocks such as Onestream, Inc. Class A, Klaviyo, Inc. Class A, and Rimini Street.
Currently, the analyst consensus on AvePoint is a Strong Buy with an average price target of $21.00.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 hours ago
- Yahoo
US-EU deal sets 15% tariff on most goods and averts threat of trade war
The United States and the European Union have agreed to a trade deal setting a 15% tariff on most goods, US President Donald Trump announced, staving off higher import taxes on both sides that might have sent shockwaves through economies around the world. The announcement came after Mr Trump and European Commission chief Ursula von der Leyen met briefly at Mr Trump's Turnberry golf course in Scotland. Their private meeting was a culmination of months of bargaining, with the White House deadline of August 1 approaching for imposing punishing tariffs on the 27-member EU. 'It was a very interesting negotiation. I think it's going to be great for both parties,' Mr Trump said. The agreement, he said, was 'a good deal for everybody' and 'a giant deal with lots of countries'. Ms von der Leyen said the deal 'will bring stability, it will bring predictability that's very important for our businesses on both sides of the Atlantic'. Mr Trump said the EU had agreed to buy some 750 billion dollars' (£558 billion) worth of US energy and to invest 600 billion dollars (£446 billion) more in America, as well as making a major purchase of military equipment. The US leader said: 'We are agreeing that the tariff straight across for automobiles and everything else will be a straight across tariff of 15%. 'We have a tariff of 15%. We have the opening up of all of the European countries.' Ms von der Leyen said the 15% tariffs were 'across the board, all inclusive' and that 'indeed, basically the European market is open'. Before the meeting began, Mr Trump pledged to change what he characterised as 'a very one-sided transaction, very unfair to the United States'. 'I think both sides want to see fairness,' the Republican President told reporters. His EU Commission counterpart spoke of rebalancing. Ms von der Leyen said the US and EU combined have the world's largest trade volume, encompassing hundreds of millions of people and trillions of dollars. She added that Mr Trump was 'known as a tough negotiator and dealmaker'. 'But fair,' Mr Trump added. For months, Mr Trump has threatened most of the world with large tariffs in hopes of shrinking major US trade deficits with many key trading partners. More recently, he had hinted that any deal with the EU would have to 'buy down' the currently scheduled tariff rate of 30%. During his comments before the deal was announced, he pointed to a recent US agreement with Japan that set tariff rates for many goods at 15% and suggested the EU could agree to something similar. Asked then if he would be willing to accept tariff rates lower than that, Mr Trump said 'no'. Joining Ms von der Leyen were Maros Sefcovic, the EU's chief trade negotiator; Bjorn Seibert, the head of von der Leyen's Cabinet; Sabine Weyand, the commission's directorate-general for trade, and Tomas Baert, head of trade and agriculture at the EU's delegation to the US. The US and EU seemed close to a deal earlier this month, but Mr Trump instead threatened the 30% tariff rate. The deadline for the Trump administration to begin imposing tariffs has shifted in recent weeks but is now firm, the administration insists. 'No extensions, no more grace periods. August 1, the tariffs are set, they'll go into place, Customs will start collecting the money and off we go,' US commerce secretary Howard Lutnick told Fox News on Sunday. He added, however, that even after that 'people can still talk to President Trump. I mean, he's always willing to listen'. Without an agreement, the EU said it was prepared to retaliate with tariffs on hundreds of American products, ranging from beef and car parts to beer and Boeing planes. If Mr Trump eventually followed through on his threat of tariffs against Europe, it could have made everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals more expensive in the United States.


Miami Herald
11 hours ago
- Miami Herald
Cathie Wood buys $45 million of battered megacap tech stock
Cathie Wood doesn't give up on companies she believes in. The Ark Invest chief is known for sticking with tech stocks she sees as "disruptive", often buying even when they face setbacks. This is what she just did, adding to a high-profile tech stock amid a post-earnings dip. Wood's funds have experienced a volatile ride this year, swinging from sharp losses to strong gains. In January and February, the Ark funds rallied as investors bet on the Trump administration's potential deregulation that could benefit Wood's tech bets. But that momentum hit hard in March and April, with the funds trailing the market as top holdings slid amid growing concerns over the macroeconomy and trade policies. Now, the fund is regaining momentum. As of July 25, the flagship Ark Innovation ETF (ARKK) is up 33.3% year-to-date, far outpacing the S&P 500's 8.6% gain. Wood's remarkable return of 153% in 2020 helped build her reputation and attract loyal investors. Her strategy can lead to sharp gains during bull markets but also painful losses, like in 2022, when ARKK tumbled more than 60%. As of July 25, Ark Innovation ETF, with $6.8 billion under management, has delivered a five-year annualized return of negative 0.03%. The S&P 500 has an annualized return of 16.46% over the same period. Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology and robotics. According to Wood, these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. Related: Cathie Wood's net worth: The Ark Invest CEO's wealth & income The Ark Innovation ETF wiped out $7 billion in investor wealth over the 10 years ending in 2024, according to an analysis by Morningstar's analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott's ranking. Wood recently said the U.S. is coming out of a three-year "rolling recession" and heading into a productivity-led recovery that could trigger a broader bull market. In a letter to investors published in late April, she dismissed predictions of a recession dragging into 2026 and struck an optimistic tone for tech stocks. "During the current turbulent transition in the US, we think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said. But not all investors share this optimism. Through July 10, the Ark Innovation ETF saw nearly $2 billion in net outflows over the past 12 months, according to ETF research firm VettaFi. On July 24, the day when Tesla (TSLA) dropped 8.2% following its second-quarter earnings, Wood's Ark funds snapped up 143,190 shares worth around $45.3 million. This was one of Wood's largest recent purchases. Tesla's Q2 earnings were quite dismal. The electric vehicle maker reported a 16% drop in automotive revenue as vehicle sales declined for the second straight quarter. Related: Analysts turn heads with new Alphabet stock price target after earnings The company posted adjusted earnings of 40 cents per share, missing the 43 cents expected. Revenue came in at $22.50 billion, slightly below the $22.74 billion forecast. "We probably could have a few rough quarters. I am not saying that we will, but we could," CEO Elon Musk said. Tesla is grappling with growing challenges, from the rise of lower-cost electric vehicle competitors, especially in China, to a political backlash against Musk that has damaged the brand in the U.S. and Europe. But that hasn't stopped Wood, a longtime supporter of Tesla, from doubling down. "We've been dealing with controversy around Elon Musk in one form or another since we first bought the stock," Wood said in a recent interview with Bloomberg. "We do trust the board and the board's instincts here and we stay out of politics." She also noted that Musk seems more focused on the business again, especially after he decided to take charge of sales in the US and Europe. "One of the announcements Elon made recently is that he is going to oversee sales in the US and in Europe," Wood said. "When he puts his mind on something, he usually gets the job done. So I think he's much less distracted now than he was, let's say, in the White House 24/7." Back in March, Wood predicted Tesla's stock would reach $2,600 in five years, which is nearly nine times higher than where it trades now. Much of the optimism is driven by the company's highly anticipated robotaxi, which Wood believes will account for 90% of the company's value. Musk said during the earnings call that Tesla's robotaxi service, which the company has recently started testing in Austin, Texas, will expand to other states, with a goal of covering half the U.S. population by year-end pending regulatory approvals. "That's at least our goal, subject to regulatory approvals. I think we will technically be able to do it," he said. Tesla stock is down more than 21% year-to-date. The stock has long been Wood's biggest holding, accounting for 9.6% of the Ark Innovation ETF. Related: Analysts unveil bold Amazon stock price target before earnings The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
a day ago
- Yahoo
US-Japan trade deal gives Trump control over $550 billion in investments. It could be ‘vapor ware' — and a model for other countries
One of the provisions of the trade deal that set a 15% tariff on Japan is a pledge from Tokyo to invest $550 billion in key American sectors. The White House said the money will be deployed 'at President Trump's direction,' potentially giving him a bigger say in U.S. industrial policy. But details remain thin, and analysts are skeptical. The pledge from Japan to invest $550 billion in key U.S. industries could show other countries how to clinch a trade deal with the U.S., even as analysts question how real that money is. As part of the agreement that set a 15% tariff rate on Japan, the White House said it includes a 'Japanese/USA investment vehicle' that will be deployed 'at President Trump's direction' into strategic sectors. They include energy infrastructure and production, semiconductors, critical minerals, pharmaceuticals, and shipbuilding, according to a fact sheet from the administration. The U.S. would retain 90% of the profits, though the Japanese government believes profits will be split based on 'the degree of contribution and risk taken by each party,' according to the Financial Times. Still, Treasury Secretary Scott Bessent highlighted the fund as a key reason the U.S. and Japan were able to settle on a levy that was lower than the 25% rate Trump had threatened earlier. 'They got the 15% rate because they were willing to provide this innovative financing mechanism,' he told Bloomberg TV on Wednesday, when asked if other countries could get a similar rate. Indeed, analysts at Bank of America said that the Japan deal 'looks like a reasonable blueprint' for other auto-exporting countries like South Korea. Both countries have similar trade characteristics with the U.S., such as high current account surpluses, high U.S.-bound exports, and less open domestic markets via non-tariff measures, the bank said in a note on Friday. At the same time, the U.S. is also negotiating deals with the European Union and other trading partners ahead of an Aug .1 deadline, when Trump's pause on his reciprocal tariffs will expire. But Wall Street has serious doubts that the $550 billion will actually materialize. Takahide Kiuchi, executive economist at Nomura Research Institute and a former Bank of Japan policymaker, said in a note Wednesday that the investment pledge is merely a target and not a binding promise. 'In reality, under the Trump administration, many Japanese companies likely view the business environment in the U.S. as deteriorating due to tariffs and other factors,' he explained. 'Furthermore, at current exchange rates, labor costs in the U.S. are extremely high, providing little incentive for Japanese firms to expand investment there. If anything, we may see a stronger trend toward diversifying investments away from the U.S.' Meanwhile, Council on Foreign Relations senior fellow Brad Setser, a former U.S. Trade Representative advisor and Treasury Department official, similarly expressed skepticism about the money. 'Odds are it is vapor ware, beyond the known deals (Alaska LNG),' he posted on X on Wednesday, likening it to a highly touted product that may never become available, 'but it would be strange (and would potentially set up future problems) if the US relied almost entirely on other people's money to fund its own industrial strategies.' He later added 'there is a lot less here than meets the eye,' and pointed out that the industrial sectors highlighted as areas for investment are already logical ones for Japan, given current supply-chain concerns. A source familiar with the matter acknowledged to Fortune that a lot of details of the $550 billion have yet to be ironed out. That includes the timeframe of the investment as well as an advisory board and guardrails against potential conflicts of interest. But the source added that the investment would be funded by the Japanese government and is not a just pledge from Tokyo to buy commodities or for Japanese companies to steer investments into the U.S. It also means Japan is fronting the cash to finance projects that are likely to be in the private sector, the source said, offering a hypothetical example of a chip company looking to build a U.S. plant. Under this scenario, the investment vehicle could finance construction of the factory and lease it out at favorable terms to the chip company, with 90% of the rent revenue going to the U.S. government. The $550 billion pledge also comes as Trump's tariffs face legal challenges, with a court hearing scheduled Thursday on whether the president has authority under the International Emergency Economic Powers Act to impose wide-ranging duties. That could make it attractive for countries to promise a lot of money sometime in the future to obtain immediate tariff relief, while running out the clock as legal battles play out. Analysts at Piper Sandler have concluded that Trump's tariffs are illegal and noted that the $550 billion Japanese investment comes with few concrete specifics. 'Our trading partners and major multinationals know Trump's tariffs are on shaky legal ground,' they wrote. 'Therefore, we find it hard to believe many of them are going to make massive investments in the US they would not have otherwise made in response to tariffs that may not last.' This story was originally featured on Sign in to access your portfolio