Latest news with #AndrewBoone
Yahoo
8 hours ago
- Business
- Yahoo
Amazon (AMZN) Stock Holds Steady as Analysts Look Past Prime Day Weakness
Inc. (NASDAQ:) is one of the On July 18, Citizens JMP analyst Andrew Boone reiterated a "Market Outperform" rating on the stock with a $285.00 price target. The firm remains focused on AWS and advertising growth due to their higher margin profiles. 'While we acknowledge Prime day growth was slower than we expected, we are most focused on AWS and advertising growth given their higher margin profiles. This as we continue to believe logistics gains remain early as robotics continues to automate more warehouse processes. Net/net, we believe Amazon's free cash flow margins remain early as we look through Prime Day weakness and reiterate our Market Outperform rating." Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 hours ago
- Business
- Yahoo
AI Is Powering Every Part of Meta's Ad Business, Say Analysts
Meta Platforms, Inc. (NASDAQ:) is one of the . On July 18, Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating on the stock with a $750.00 price target. The firm believes that artificial intelligence is benefiting every aspect of the company's core advertising business. 'Stocks often do not work when going through an investment cycle but AI benefits every aspect of Meta's core advertising business. AI makes Meta's content more engaging, creating more ad impressions, and making its ads more relevant, increasing click-through rates and conversions. To that end, we believe more compute and access to better models can help to sustain revenue growth and we moderately increase our growth estimates for Meta." While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
5 days ago
- Business
- Globe and Mail
Citizens JMP Sticks to Its Buy Rating for Amazon (AMZN)
In a report released today, Andrew Boone from Citizens JMP reiterated a Buy rating on Amazon, with a price target of $285.00. The company's shares closed yesterday at $223.88. 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. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Boone is a 5-star analyst with an average return of 10.7% and a 55.02% success rate. Boone covers the Communication Services sector, focusing on stocks such as Meta Platforms, DoorDash, and Alphabet Class A. Currently, the analyst consensus on Amazon is a Strong Buy with an average price target of $251.44, representing a 12.31% upside. In a report released yesterday, Bernstein also maintained a Buy rating on the stock with a $235.00 price target. AMZN market cap is currently $2369.5B and has a P/E ratio of 36.51.
Yahoo
16-07-2025
- Business
- Yahoo
Meta Stock: $750 Target Stays as Analysts Expect AI Gaps to Close
Meta Platforms, Inc. (NASDAQ:) is one of the . On July 14, Citizens JMP analyst Andrew Boone reiterated a 'Market Outperform' rating on the stock with a $750.00 price target. Citing a SemiAnalysis report that discusses Meta's challenges with its Llama AI model, the firm concluded that Meta's shortcomings in artificial intelligence are mainly coming from its architectural decisions. Particularly, it talked about Meta's use of chunked attention versus sliding window attention and expert choice routing instead of token choice routing. Another factor causing challenges for Meta is its data quality issues. For instance, the company doesn't train on YouTube data, and there are also concerns about how it tests its models. A data analyst in front of multiple monitors, highlighting the power of data solutions. Even though Meta is facing all these challenges, the SemAnalysis report expressed optimism that Meta will fill in the AI gaps that it has currently, particularly as it increases its GPU capacity and continues to build a robust AI team. While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
14-07-2025
- Business
- Yahoo
Meta's AI Push Grows with PlayAI Deal, Instagram Engagement Hits New High
Meta Platforms, Inc. (NASDAQ:META) is a . On July 11, Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating on the stock with a $750.00 price target. The firm is optimistic about Meta following information that Instagram's global time spent growth accelerated in June, growing 11.9% year-over-year. This implies a 100 basis point improvement from May. The research note highlighted that this growth acceleration comes despite tougher one-year and two-year comparisons for the social media platform. Instagram's growth was even more phenomenal in the United States, accelerating to 17.4% year-over-year in June. It seems that it is also successfully consolidating short-form video engagement, which is why the firm noted that the platform's comparison metrics will ease meaningfully from July through the end of the year. In other news, Bloomberg reported that Meta has completed a deal to acquire PlayAI, an artificial intelligence startup focused on voice technology. The PlayAI team will be joining Meta this week and will be reporting to Johan Schalkwyk. Schalkwyk recently joined Meta from a voice AI startup called Sesame AI Inc. While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
