Latest news with #BradErickson
Business Insider
25-06-2025
- Business
- Business Insider
RBC Capital Keeps Their Hold Rating on Reddit Inc Class A (RDDT)
RBC Capital analyst Brad Erickson maintained a Hold rating on Reddit Inc Class A (RDDT – Research Report) yesterday and set a price target of $125.00. The company's shares closed yesterday at $140.79. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Erickson is a 5-star analyst with an average return of 19.9% and a 55.88% success rate. Erickson covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Zillow Group Class A. Reddit Inc Class A has an analyst consensus of Moderate Buy, with a price target consensus of $147.95. Based on Reddit Inc Class A's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $392.36 million and a net profit of $26.16 million. In comparison, last year the company earned a revenue of $242.96 million and had a GAAP net loss of $575.07 million
Business Insider
25-06-2025
- Business
- Business Insider
Meta Platforms (META) Gets a Buy from RBC Capital
In a report released yesterday, Brad Erickson from RBC Capital maintained a Buy rating on Meta Platforms (META – Research Report), with a price target of $740.00. The company's shares closed yesterday at $712.20. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Erickson is a 5-star analyst with an average return of 19.9% and a 55.88% success rate. Erickson covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Zillow Group Class A. Currently, the analyst consensus on Meta Platforms is a Strong Buy with an average price target of $707.16, which is a -0.71% downside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a $803.00 price target. The company has a one-year high of $740.91 and a one-year low of $442.65. Currently, Meta Platforms has an average volume of 16.2M. Based on the recent corporate insider activity of 295 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of META in relation to earlier this year. Last month, SUSAN J LI, the CFO of META bought 13,859.00 shares for a total of $8,923,532.92.
Business Insider
25-06-2025
- Business
- Business Insider
RBC Capital Sticks to Its Buy Rating for Alphabet Class A (GOOGL)
RBC Capital analyst Brad Erickson maintained a Buy rating on Alphabet Class A (GOOGL – Research Report) yesterday and set a price target of $200.00. The company's shares closed yesterday at $166.77. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Erickson is a 5-star analyst with an average return of 19.9% and a 55.88% success rate. Erickson covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Zillow Group Class A. In addition to RBC Capital, Alphabet Class A also received a Buy from Citi's Ronald Josey in a report issued yesterday. However, on June 23, Citizens JMP reiterated a Hold rating on Alphabet Class A (NASDAQ: GOOGL).
Business Insider
12-06-2025
- Business
- Business Insider
Carvana Co (CVNA) Receives a Buy from RBC Capital
RBC Capital analyst Brad Erickson maintained a Buy rating on Carvana Co (CVNA – Research Report) on June 9 and set a price target of $400.00. The company's shares closed yesterday at $340.32. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Erickson covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Zillow Group Class A, and Meta Platforms. According to TipRanks, Erickson has an average return of 20.1% and a 56.91% success rate on recommended stocks. In addition to RBC Capital, Carvana Co also received a Buy from Bank of America Securities's Mike McGovern in a report issued on June 10. However, on June 5, Jefferies maintained a Hold rating on Carvana Co (NYSE: CVNA). CVNA market cap is currently $72.49B and has a P/E ratio of 118.51. Based on the recent corporate insider activity of 287 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVNA in relation to earlier this year. Earlier this month, MARK W. JENKINS, the CFO of CVNA bought 20,000.00 shares for a total of $6,628,800.00.
Business Insider
12-06-2025
- Business
- Business Insider
Zillow Group Class A (ZG) Gets a Buy from RBC Capital
In a report released on June 9, Brad Erickson from RBC Capital maintained a Buy rating on Zillow Group Class A (ZG – Research Report), with a price target of $88.00. The company's shares closed yesterday at $70.05. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Erickson covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Zillow Group Class A, and Meta Platforms. According to TipRanks, Erickson has an average return of 20.1% and a 56.91% success rate on recommended stocks. In addition to RBC Capital, Zillow Group Class A also received a Buy from Piper Sandler's Thomas Champion in a report issued on May 30. However, on June 2, Bernstein reiterated a Hold rating on Zillow Group Class A (NASDAQ: ZG). ZG market cap is currently $17.21B and has a P/E ratio of -202.50.
