Latest news with #Canaccord
Yahoo
a day ago
- Business
- Yahoo
Canaccord Downgrades Globus Medical (GMED) PT to $90, Maintains Buy Rating
Globus Medical Inc. (NYSE:GMED) is one of the most undervalued stocks to buy and hold for 3 years. On July 22, Canaccord reduced its price target for Globus Medical from $97 to $90 while maintaining a Buy rating. The adjustment showed Canaccord's updated financial model following the preliminary Q2 2025 results. The preliminary results showed revenues that align with both Canaccord's and the Street's consensus expectations. In Q1 2025, the company reported revenue of $598 million, which was a decrease of 0.8% on a constant currency basis. Non-GAAP EPS increased by 9% year-over-year to $0.68. Free cash flow saw a significant increase of 493% year-over-year, reaching $141 million. The US Spine business showed 2% growth in Q1, while international spine implant growth was 1% on a constant currency basis. Enabling Technology sales, however, decreased by 31% compared to the prior year, and the combined Trauma and NSO business declined by 8% in Q1. A closeup shot of a laboratory technician handling a medical device used for fertility treatments. The company launched two new products in Q1 2025 aimed at supporting market penetration and product portfolio. The US spine business exhibited resilience with 2% growth, driven by high retention rates. Globus Medical Inc. (NYSE:GMED) is a medical device company that develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the US and internationally. While we acknowledge the potential of GMED 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 . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 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
Business Insider
2 days ago
- Business
- Business Insider
D-Wave Stock Skyrocketed 1,732%: Here's What Canaccord Expects Next
D-Wave (NYSE:QBTS) stock is attracting attention as quantum computing gains traction for its potential to revolutionize processing power and tackle problems beyond the reach of classical computers. While gate-based quantum systems remain mostly experimental, D-Wave's specialty – quantum annealing – has already been applied to real-world commercial challenges for years. 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. That real-world applicability is a key reason why Canaccord analyst Kingsley Crane sees D-Wave as uniquely positioned in the quantum space. 'D-Wave is not only the clear market leader in quantum annealing but has lead innovation in the space since its inception,' the analyst opined. Backing that conviction, Crane outlines three main reasons he considers D-Wave a 'compelling investment.' First, although the broader quantum field is buzzing with long-term potential, Crane points out that gate-based quantum models – often seen as the endgame – still face a murky path to commercialization. Estimates on readiness vary widely, from a few years to well over a decade. In contrast, D-Wave is already delivering value through its quantum annealing systems, with many clients using hybrid solutions today. 'In the meantime,' says Crane, 'D-Wave is solving problems for customers (in many cases using a hybrid approach) and is getting paid to do so. All the while, D-Wave is also actively researching and developing in the gate model space which embeds a gate model 'call option' into the stock.' Second, D-Wave's diversified business model adds another layer of appeal. Its Leap platform – a quantum computing-as-a-service (QCaaS) offering – is the core driver of recurring revenue, providing enterprises with real-time quantum access. At the same time, D-Wave has started to gain traction selling physical systems, notably racking up $18 million in bookings in Q4 of 2024. 'As the recurring QCaaS revenue base continues to ramp, system sales present a powerful auxiliary revenue stream,' Crane noted, while also acknowledging the potential volatility it introduces. The third pillar of Crane's thesis centers on leadership. D-Wave is led by a highly experienced core team with deep technical knowledge and a strong track record of innovation. In Crane's history of analyzing transformative software companies, those with category-defining leadership often represent 'generational investment opportunities.' D-Wave is a 'special case,' where it is not only the pioneer of quantum annealing, but has also maintained its leadership in R&D within this niche for decades. CEO Alan Baratz, who joined in 2017, and Chief Development Officer Trevor Lanting, who has been with the company since 2008, bring extensive scientific and technological expertise to the table. With revenue beginning to accelerate, Crane believes this team will 'continue to build on its advantage as revenue now begins to inflect.' Of course, with investor excitement running high, valuations have followed suit. QBTS shares have skyrocketed 1,732% over the past year, and at over 100 times projected 2026 sales, the stock now falls squarely into 'long-term concept' territory. Even so, Crane initiated coverage on QBTS with a Buy rating and a $20 price target – a 6% above Friday's closing price – while suggesting a bull case scenario could push shares as high as $45. (To watch Crane's track record, click here) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
6 days ago
- Business
- Yahoo
D-Wave Quantum Surged Today -- Is the Stock a Buy Right Now?
Key Points D-Wave Quantum stock jumped today thanks to bullish analyst coverage from B. Riley and Canaccord. Canaccord initiated coverage with a buy rating a one-year price target of $20 per share, and B. Riley kept a buy rating and raised its price target from $20 per share to $22 per share. D-Wave Quantum is a high-risk stock, but it could deliver explosive returns if the business continues to score wins in the quantum computing space. 10 stocks we like better than D-Wave Quantum › D-Wave Quantum (NYSE: QBTS) stock is soaring higher in Wednesday's trading thanks to bullish analyst coverage. The quantum-computing company's share price closed out the daily session up 15.6%. D-Wave's valuation is seeing another big jump today thanks to new coverage from analysts at B. Riley and Canaccord. The quantum specialist's share price is now up more than 140% year to date. Canaccord published a report early this morning initiating coverage on D-Wave Quantum with a buy rating and a one-year price target of $20 per share. Soon after, B. Riley also published new coverage on the stock -- maintaining a buy rating and raising its one-year price target from $20 per share to $22 per share. Is D-Wave Quantum stock a buy right now? Quantum computing stocks have been incredibly hot in recent months. Some significant technology breakthroughs and bullish comments from tech luminaries including Nvidia CEO Jensen Huang have helped power huge rallies for many players in the space. Expectations that the Federal Reserve will cut interest rates multiple times this year and create a more favorable backdrop for growth stocks have also contributed to valuation rallies in the category. Advances in quantum computing technologies could power huge leaps forward in artificial intelligence (AI) and other high-value tech categories, and D-Wave seems to be establishing itself as an early front-runner in the space. On the other hand, quantum computing is still a nascent technology -- and charting how progression and competitive dynamics in the space will play out involves a very high degree of guesswork. Risk-tolerant investors seeking exposure to the quantum trend could find D-Wave Quantum stock to be a worthwhile portfolio addition, but the potential for downside volatility in the near term has also increased on the heels of the recent rally. Should you invest $1,000 in D-Wave Quantum right now? Before you buy stock in D-Wave Quantum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and D-Wave Quantum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $641,800!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,023,813!* Now, it's worth noting Stock Advisor's total average return is 1,034% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. D-Wave Quantum Surged Today -- Is the Stock a Buy Right Now? was originally published by The Motley Fool 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
22-07-2025
- Business
- Yahoo
Why BlackSky Technology Stock Is Plummeting Today
Key Points BlackSky is seeing a big pullback today after Clear Street and Canaccord published new coverage on the stock. Clear Street cuts its rating on the stock from buy to hold but increased its one-year price target from $20 per share to $24 per share. Canaccord kept a buy rating on the stock but lowered its price target from $28 per share to $27 per share. 10 stocks we like better than BlackSky Technology › BlackSky Technology (NYSE: BKSY) stock is getting hit with big sell-offs Tuesday following a couple of negative catalysts. The satellite technology company's share price was down 12% as of noon ET. At the same point in the daily session, the S&P 500 was down 0.2%, and the Nasdaq Composite was down 0.5%. In addition to some bearish momentum for the broader market today, BlackSky's valuation is being pressured by new analyst notes from Clear Street and Canaccord. Despite today's pullback, the defense-tech specialist's share price is still up roughly 80% across 2025's trading. Image source: Getty Images. BlackSky stock sinks following new analyst notes Before the market opened this morning, Clear Street published new coverage on BlackSky and lowered its rating on the stock from buy to hold. While the investment firm actually raised its one-year price target on the stock from $20 per share to $24 per share, its analysts raised concerns about the company's valuation and suggested that shares now offer limited upside. Shortly after the publication of Clear Street's note, Canaccord chimed in with its own coverage and kept a buy rating on the stock. On the other hand, Canaccord lowered its price target on the stock from $28 per share to $27 per share due to an unexpected sales decline in the preliminary second-quarter numbers published by the company. What's next for BlackSky? BlackSky is set to publish its second-quarter results and hold an investor conference call before the market opens on Aug. 7, but investors already have a pretty good idea of what to expect. The company submitted a filing to the Securities and Exchange Commission (SEC) on July 17 that included preliminary results for the company's second quarter. Revenue fell roughly 11% year over year to come in at $22.2 million, which was significantly below the roughly $27.9 million in sales called for by the average analyst estimate. The company saw a substantial decline in professional-and-engineering services revenue, which was partially attributable to the timing of completing longer-term contracts. Despite already having a pretty good idea of what the Q2 numbers will look like, the company's conference call should give investors an update on BlackSky's Gen-3 satellites and recent contract wins.
Yahoo
20-07-2025
- Business
- Yahoo
Redwire Aims Higher: Analyst Backs Space Firm's Defense Expansion
Redwire Corporation (NYSE:RDW) is one of the best space stocks to buy according to hedge funds. On July 16, Canaccord analyst Austin Moeller reiterated a Buy rating on Redwire, while nudging the 12‑month price target from $20 to $21, implying roughly a 24% upside from current levels, which were around $17.70 at the time. Moeller emphasized Redwire's expanding capabilities beyond space, especially its Edge Autonomy drone tech. The VXE30 Stalker UAS, soldier-friendly with 8+ hours of flight endurance and classified on the DoD's Blue UAS list, underpins the firm's belief in growing defense adoption. The analyst also highlighted how Redwire is locking in federal and NATO contracts using its drone-satellite end‑to‑end encrypted communication systems, including Link‑16 antennas and Mako satellite buses, giving it a competitive edge in secure ISR and tactical applications. A satellite dish installation atop a modern building, symbolizing the power of signal transmission solutions. This fresh reiteration shows confidence that the Edge acquisition shifts Redwire's profile from pure components provider to an integrated space-and-defense platform specialist, capitalizing on rising aerospace budgets and strategic infrastructure investments. The modest price‑target bump reflects measured optimism, balancing execution risks with strong growth potential. Redwire Corporation (NYSE: RDW) is a multi-domain space and defense technology integrator supplying advanced spacecraft components, deployable solar arrays, and robotics to NASA, DoD, and allied space agencies; following its 2025 acquisition of Edge Autonomy, it now also delivers unmanned aerial systems and ISR capabilities to U.S. and NATO defense forces. While we acknowledge the potential of RDW 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.
