Latest news with #Evercore
CNBC
2 days ago
- Business
- CNBC
I bet the stock market will be higher by year end, says BlackRock Co-Founder Schlosstein
Ralph Schlosstein, Evercore chairman emeritus and BlackRock co-founder, joins 'Closing Bell Overtime' to talk his outlook for markets heading into the second half of the year.
Business Insider
4 days ago
- Business
- Business Insider
‘Don't Worry About Amazon Taking Market Share,' Says Evercore about TTD Stock
Shares of adtech firm Trade Desk (TTD) are rallying at the time of writing after Evercore ISI, led by five-star analyst Mark Mahaney, upgraded the stock from Hold to Buy. The upgrade was based on the investment firm's growing confidence in digital ad spending, better execution by Trade Desk, and strong new product developments. Indeed, Evercore said that it has seen clear improvements in how Trade Desk is performing, both in the products it offers and how it markets them to clients. Confident Investing Starts Here: In a research note dated June 26, Evercore highlighted the positive feedback about Trade Desk's updated Kokai user experience. One programmatic ad agency leader noted that the transition from Solimar to Kokai in early 2024 went very well and that client service has improved significantly. And while Wells Fargo downgraded Trade Desk the day before due to worries about competition from Amazon (AMZN), Evercore believes that Google (GOOGL) is more likely to lose market share to Amazon's demand-side platform. In fact, it argues that Amazon's ad offerings overlap more with Google's DV360 than with Trade Desk's platform. Looking ahead to 2026, Evercore expects Trade Desk to grow its revenue by about 20% per year, not including political ad boosts, which could add an additional percentage point of growth during the U.S. midterm elections. Other key growth drivers include rising ad spending from Netflix (NFLX), increased retail media budgets, better targeting through Trade Desk's Retail Sales Index, and major global events like the 2026 FIFA World Cup and Winter Olympics. As a result, Evercore has a $90 price target for the stock, which equates to more than 28% upside from current levels. Is TTD Stock a Good Buy? Overall, analysts have a Strong Buy consensus rating on TTD stock based on 23 Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average TTD price target of $87.29 per share implies 23.5% upside potential.
Yahoo
25-06-2025
- Business
- Yahoo
Can Evercore (EVR) Run Higher on Rising Earnings Estimates?
Evercore (EVR) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The upward trend in estimate revisions for this investment bank reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Consensus earnings estimates for the next quarter and full year have moved considerably higher for Evercore, as there has been strong agreement among the covering analysts in raising estimates. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: For the current quarter, the company is expected to earn $1.49 per share, which is a change of -17.68% from the year-ago reported number. Over the last 30 days, the Zacks Consensus Estimate for Evercore has increased 6.07% because one estimate has moved higher compared to no negative revisions. The company is expected to earn $11.41 per share for the full year, which represents a change of +21.13% from the prior-year number. The revisions trend for the current year also appears quite promising for Evercore, with one estimate moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 5.8%. The promising estimate revisions have helped Evercore earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. While strong estimate revisions for Evercore have attracted decent investments and pushed the stock 13.1% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Evercore Inc (EVR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
25-06-2025
- Business
- Globe and Mail
Best Momentum Stock to Buy for June 25th
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June 25th: Agnico Eagle Mines AEM: This company which is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.1% over the last 60 days. Agnico Eagle Mines' shares gained 15.4% over the last three month compared with the S&P 500's gain of 6.7%. The company possesses a Momentum Score of A. Veeva Systems VEEV: This company which offers cloud-based software applications and data solutions for the life sciences industry, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.6% over the last 60 days. Veeva Systems' shares gained 19.5% over the last three month compared with the S&P 500's gain of 6.7%. The company possesses a Momentum Score of A. Veeva Systems Inc. Price Veeva Systems Inc. price | Veeva Systems Inc. Quote Evercore EVR: This company which is a premier global independent investment banking advisory firm, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.6% over the last 60 days. Evercore's shares gained 19.5% over the last three month compared with the S&P 500's gain of 6.7%. The company possesses a Momentum Score of A. See the full list of top ranked stocks here Learn more about the Momentum score and how it is calculated here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Evercore Inc (EVR): Free Stock Analysis Report Veeva Systems Inc. (VEEV): Free Stock Analysis Report
Business Times
25-06-2025
- Business
- Business Times
China's wealth fund pulls plug on US$1 billion private equity sale
[BEIJING] China's sovereign wealth fund has pulled its planned sale of US$1 billion in US fund stakes tied to some of the biggest names in private equity. Earlier this year, China Investment Corporation (CIC) looked to offload fund positions with firms including Carlyle Group, KKR, and TPG to reduce its US exposure. Months later, it has signalled to would-be buyers and managers that it's no longer selling the stakes, according to sources familiar with the deal who asked not to be identified discussing private matters. A representative for CIC did not respond to a request for comment. Evercore, the investment bank tapped for the sale, also did not respond. It's rare for institutions to pivot after advancing this far in a sale process. The proposed deal had highlighted the US$1.3 trillion state fund's reduced appetite for risk-taking, and its concerns about having so much money tied up in less liquid US assets amid the US-China trade impasse. At the same time, CIC was sensitive to being perceived as being in retreat, according to sources familiar with the matter. In recent weeks, US and Chinese officials have hammered out a framework to de-escalate tensions, reducing pressure on CIC to divest. The US has signalled it's willing to remove restrictions on some tech exports in exchange for assurances China is easing limits on rare earth shipments. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up A trade war with the US – and the threat that President Donald Trump's administration could levy capital restrictions on adversary nations – creates new risks for funds such as CIC, which manages a chunk of China's foreign reserves. The Chinese money manager is selling other US private assets, which may include real estate and infrastructure holdings, Bloomberg News reported earlier. In the face of tighter scrutiny from Washington, the state investor has become a quieter presence on dealmaking circuits compared with its heyday. In the 2000s, CIC made big bets on Blackstone and Morgan Stanley, and was a symbol of China's ambitions to parlay its vast foreign reserves into power and clout. Its allocation to alternative assets has slipped below its 50 per cent target, according to its latest annual report for 2023. In recent weeks, it's tried to persuade outside firms that it remains a committed partner, another source familiar said. CIC would have sold into a market eager to absorb private equity fund stakes with marquee managers. Intense competition among secondary buyers has led to lower discounts for institutions looking to offload positions. The value of secondary deals surged to a record US$160 billion last year, according to Evercore, as more investors seek to cash out investments early and buyers are attracted by discounts. BLOOMBERG
