Latest news with #MichaelLatimore
Business Insider
21 hours ago
- Business
- Business Insider
BBAI vs. CRWV vs. APP: Which Growth Stock Is the Best Pick, According to Wall Street Analysts?
Macro uncertainties, geopolitical tensions, and news on the tariff front have kept the stock market volatile. Despite ongoing uncertainties, analysts remain optimistic about several growth stocks and their potential to generate attractive returns over the long term. Using TipRanks' Stock Comparison Tool, we placed BigBear. ai Holdings (BBAI), CoreWeave (CRWV), and AppLovin (APP) against each other to find the best growth stock, according to Wall Street analysts. Confident Investing Starts Here: Holdings (NYSE:BBAI) Stock Holdings stock has risen more than 31% so far in 2025 and 292% over the past year, as investors are optimistic about the prospects of the data analytics company. BBAI offers artificial intelligence (AI)-powered decision intelligence solutions, mainly focused on national security, defense, and critical infrastructure. The company ended Q1 2025 with a backlog of $385 million, reflecting 30% year-over-year growth. However, there have been concerns about low revenue growth rate and high levels of debt. Looking ahead, the company is pursuing further growth through international expansion and strategic partnerships, while continuing to secure attractive government business. What Is the Price Target for BBAI Stock? Last month, Northland Securities analyst Michael Latimore reaffirmed a Hold rating on BBAI stock but lowered his price target to $3.50 from $4 after the company missed Q1 estimates due to further delays in government contracts. On the positive side, the 4-star analyst noted the solid growth in backlog and management's statement that their strategy is 'beginning to resonate.' On TipRanks, Holdings stock is assigned a Moderate Buy consensus rating, backed by two Buys and two Holds. The average BBAI stock price target of $4.83 indicates a possible downside of 17.3% from current levels. CoreWeave (NASDAQ:CRWV) Stock CoreWeave, a cloud provider specializing in AI infrastructure, is seeing robust adoption for its products. The company, which provides customers access to Nvidia's (NVDA) GPUs (graphics processing units), went public in March. CRWV stock has risen about 300% to $159.99, compared to its IPO (initial public offering) price of $40. Remarkably, CoreWeave delivered a 420% jump in its Q1 2025 revenue to $981.6 million. Moreover, the company ended the first quarter of 2025 with a robust backlog of $25.9 billion. Meanwhile, CoreWeave has entered into lucrative deals, including an expanded agreement of up to $4 billion with ChatGPT-maker OpenAI and a collaboration to power the recently announced cloud deal between Alphabet's Google (GOOGL) and OpenAI. Is CRWV a Good Stock to Buy? Recently, Bank of America analyst Bradley Sills downgraded CoreWeave stock to Hold from Buy, citing valuation concerns following the strong rally after the company's Q1 results. Also, the 4-star analyst expects $21 billion of negative free cash flow through 2027, due to elevated capital expenditure ($46.1 billion through 2027). However, Sills raised the price target for CRWV stock to $185 from $76, noting several positives, including the OpenAI deal and strong revenue momentum. Overall, Wall Street has a Moderate Buy consensus rating on CoreWeave stock based on six Buys, 11 Holds, and one Sell recommendation. At $78.53, the average CRWV stock price target indicates a substantial downside risk of about 51%. AppLovin (NASDAQ:APP) Stock Adtech company AppLovin has witnessed a 301% jump in its stock price over the past year. The company provides end-to-end software and AI solutions for businesses to reach, monetize, and grow their global audiences. Notably, AppLovin's strong growth rates have impressed investors. In Q1 2025, AppLovin's revenue grew 40% and earnings per share (EPS) surged by 149%. Investors have also welcomed the company's decision to sell its mobile gaming business to Tripledot Studios. The move is expected to enable AppLovin to focus more on its AI-powered ad business. However, APP stock has declined more than 12% over the past month due to the disappointment related to its non-inclusion in the S&P 500 Index (SPX) and accusations by short-seller Casper Research. Nonetheless, most analysts remain bullish on AppLovin due to its strong fundamentals and demand for the AXON ad platform. Is APP a Good Stock to Buy Recently, Piper Sandler analyst James Callahan increased the price target for AppLovin stock to $470 from $455 and reaffirmed a Buy rating. While Piper Sandler's checks suggest some weakness in AppLovin's supply-side trends, it remains a buyer of APP stock, with the tech company growing well above its digital ad peers and expanding into new verticals. With 16 Buys and three Holds, AppLovin stock scores a Strong Buy consensus rating. The average APP stock price target of $504.18 indicates 51% upside potential from current levels. Conclusion Wall Street is sidelined on stock, cautiously optimistic on CoreWeave, and highly bullish on AppLovin stock. Analysts see higher upside potential in APP stock than in the other two growth stocks. Wall Street's bullish stance on AppLovin stock is backed by solid fundamentals and strong momentum in its AI-powered ad business. According to TipRanks' Smart Score System, APP stock scores a 'Perfect 10,' indicating that it has the ability to outperform the broader market over the long run.
Yahoo
06-06-2025
- Business
- Yahoo
SoundHound (SOUN) AI Bets Big on Voice: 60% of Revenue Now Tied to Amelia
We recently published a list of . In this article, we are going to take a look at where SoundHound AI, Inc. (NASDAQ:SOUN) stands against other trending AI stocks on Wall Street right now. On June 3rd, Northland analyst Michael Latimore reiterated a Market Perform rating on SoundHound AI, Inc. (NASDAQ:SOUN) with an $8.00 price target. Analysts are optimistic about SoundHound AI's long-term potential, particularly based on its goal to improve human-to-machine interactions and customer experiences. Its acquisition of conversational AI Company Amelia has been particularly helpful in reshaping its revenue profile and accelerating its expansion into the customer and employee service market. A software engineer focused on a computer screen, writing code to create a conversational assistant. 60% of SoundHound's revenue in the first quarter of 2025 is attributable to Amelia, leading to an impressive 101% year-over-year growth. The remaining revenue is estimated to come evenly from the restaurant and automotive sectors. The analysts also highlighted SoundHound's proprietary Voice AI platform, praised for its speed and accuracy in processing complex voice queries. Amelia integrates its software with enterprise IT systems, which helps to facilitate the adoption of virtual agents. Analysts also pointed out that the management is optimistic about the second half of the year, anticipating significant growth backed by large Amelia software license deals and increased activity in the restaurant sector. As such, the company strives to return to pro forma organic growth by the third quarter and achieve positive EBITDA by the end of the year. SoundHound AI, Inc. (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
05-06-2025
- Business
- Yahoo
SoundHound (SOUN) AI Bets Big on Voice: 60% of Revenue Now Tied to Amelia
We recently published a list of . In this article, we are going to take a look at where SoundHound AI, Inc. (NASDAQ:SOUN) stands against other trending AI stocks on Wall Street right now. On June 3rd, Northland analyst Michael Latimore reiterated a Market Perform rating on SoundHound AI, Inc. (NASDAQ:SOUN) with an $8.00 price target. Analysts are optimistic about SoundHound AI's long-term potential, particularly based on its goal to improve human-to-machine interactions and customer experiences. Its acquisition of conversational AI Company Amelia has been particularly helpful in reshaping its revenue profile and accelerating its expansion into the customer and employee service market. A software engineer focused on a computer screen, writing code to create a conversational assistant. 60% of SoundHound's revenue in the first quarter of 2025 is attributable to Amelia, leading to an impressive 101% year-over-year growth. The remaining revenue is estimated to come evenly from the restaurant and automotive sectors. The analysts also highlighted SoundHound's proprietary Voice AI platform, praised for its speed and accuracy in processing complex voice queries. Amelia integrates its software with enterprise IT systems, which helps to facilitate the adoption of virtual agents. Analysts also pointed out that the management is optimistic about the second half of the year, anticipating significant growth backed by large Amelia software license deals and increased activity in the restaurant sector. As such, the company strives to return to pro forma organic growth by the third quarter and achieve positive EBITDA by the end of the year. SoundHound AI, Inc. (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Globe and Mail
01-04-2025
- Business
- Globe and Mail
Red Cat Holdings Stock (RCAT) Soars with Strategic Drone Defense Contract and Palantir Partnership
Drone technology company Red Cat Holdings (RCAT) recently published its latest financial report for the 2024 transition period, announcing significant progress in operations and strategic partnerships. The company, which specializes in integrating robotic hardware and software for defense and commercial applications, highlighted its recent selection as the sole provider for the U.S. Army's Short Range Reconnaissance Program, the acquisition of FlightWave Aerospace Systems, and a strategic partnership with Palantir (PLTR) to enhance its Black Widow drones with advanced navigation and manufacturing capabilities. Management has provided an ambitious 2025 revenue guidance of $80-$120 million and aims to continue expanding into international markets, thereby growing its market share. Don't Miss Our End of Quarter Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Expanding on Global Opportunities Red Cat Holdings is a company in the drone technology industry, focusing on integrating hardware and software for various military, governmental, and commercial applications. The company operates through its subsidiaries, Teal Drones and FlightWave Aerospace, offering a range of products under their Family of Systems, which includes the Black Widow ISR system. Other products include TRICHON, designed for long-range, endurance flights, and FANG, the first of its kind in NDAA-compliant FPV drones with precise military capabilities. The company has recently achieved several significant milestones, having been selected as the sole provider for the U.S. Army's Short Range Reconnaissance (SRR) Program and having expanded its product range with the acquisition of FlightWave Aerospace Systems, incorporating the Edge 130 tri-copter into its offerings. Furthermore, collaborations with Palantir are enhancing Red Cat's capabilities, particularly with Visual Navigation software for GPS-denied environments and the Warp Speed manufacturing OS, which aims to optimize production and reduce costs. During the transition period ending December 31, 2024, the company reported revenue of $4.9 million with a closing cash and accounts receivable balance of $9.6 million, bolstered by a recent $6 million financing round. For the calendar year 2025, the company projects revenue between $80 million and $120 million, driven primarily by sales of the Black Widow and Edge 130 drones, particularly those related to the SRR program. During the recent earnings call, CEO Jeff Thompson highlighted the positive impact of the company's international expansion and strategic partnerships, particularly in enhancing defense capabilities through advanced technologies like AI, as well as collaborations with partners like Palantir. Is RCAT Stock a Buy? The stock has recently garnered analyst attention, with Northland analyst Michael Latimore commencing coverage on Red Cat last month. He initiated with an Outperform rating, setting a price target of $13, noting that the Black Widow drone has generated substantial interest, including helping the company secure a significant short-range reconnaissance drone contract from the U.S. Army. Additionally, the company is expanding its product line with the launch of the Edge 130 Blue, a mid-range drone, which positions it to capitalize on further market opportunities. Latimore projects that Red Cat will achieve $80 million in revenue in 2025, increasing to $150 million in 2026.
