Latest news with #Oppenheimer
Yahoo
2 hours ago
- Business
- Yahoo
Oppenheimer Raises Okta (OKTA) Price Target, Maintains Outperform Rating
Okta, Inc. (NASDAQ:OKTA) is one of . Oppenheimer analyst Ittai Kidron has raised the firm's price target on Okta, Inc. (NASDAQ:OKTA) to $135 from $125, maintaining an Outperform rating on the shares. The upgrade follows Okta's strong fourth-quarter results and an upward revision to its guidance, driven by broad-based momentum across several key areas. According to Oppenheimer, the company saw solid trends among its large customers, contributing to robust growth. Notably, Okta recorded a record contribution from its Auth0 segment, further enhancing its revenue mix. Additionally, growing product cross-sell activity highlighted the company's expanding product portfolio and customer engagement. A mobile application developer programming on a tablet, illustrating the power of the company's adaptive multi-factor authentication. The analyst praised Okta's overall execution during the quarter, calling it an 'excellent quarter' that showcased the benefits of recent sales adjustments and the company's increasing product breadth. These factors, combined with a favorable market environment, position Okta well for continued growth. Oppenheimer expressed a bullish outlook on Okta's prospects, establishing the stock as a top pick within its coverage. The firm sees a potential multi-quarter re-rating driven by the company's strong sales execution and expanding portfolio. Investors may view Okta's improving fundamentals and strategic progress as key reasons for confidence in the stock's future performance. The updated price target reflects Oppenheimer's belief that Okta is well-positioned to capitalize on its momentum and deliver sustained growth in the coming quarters. While we acknowledge the potential of OKTA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKTA and that has 100x upside potential, check out our report about this cheapest AI NEXT: 10 Best Small Cap Tech Stocks With Biggest Upside Potential and 7 Most Popular AI Penny Stocks Under $5 To Avoid. Disclosure: None.
Yahoo
14 hours ago
- Business
- Yahoo
The 5 Most Interesting Analyst Questions From Papa John's's Q1 Earnings Call
Papa John's first quarter was met with a positive market response, reflecting management's efforts to improve value perception and customer experience. CEO Todd Penegor attributed the flat year-over-year sales to a disciplined focus on core pizza products and the brand's barbell pricing strategy, which balanced premium offerings with value-oriented options. Management pointed to sequential improvements in transaction counts and highlighted national promotions, like the Epic Stuffed Crust Pizza, as effective in driving higher pizza orders. Penegor noted, 'Our improved value proposition, optimized creative, and enhanced customer experience are driving improvements in sales and transactions as well as transaction share gains.' Is now the time to buy PZZA? Find out in our full research report (it's free). Revenue: $518.3 million vs analyst estimates of $515.1 million (flat year on year, 0.6% beat) Adjusted EPS: $0.36 vs analyst estimates of $0.35 (4.1% beat) Adjusted EBITDA: $45.88 million vs analyst estimates of $50.17 million (8.9% margin, 8.6% miss) EBITDA guidance for the full year is $210 million at the midpoint, above analyst estimates of $207.2 million Operating Margin: 4.6%, down from 6.6% in the same quarter last year Locations: 6,019 at quarter end, up from 5,914 in the same quarter last year Same-Store Sales fell 1.3% year on year, in line with the same quarter last year Market Capitalization: $1.59 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Brian Bittner (Oppenheimer) asked about sequential improvements in traffic and the outlook for consumer demand, to which CEO Todd Penegor explained that enhanced value perception and ongoing product innovation were driving transaction gains despite economic uncertainty. Andrew Strelzik (BMO Capital Markets) inquired about progress on key initiatives, with Penegor emphasizing advances in technology transformation, data-driven loyalty engagement, and a renewed focus on product quality and operational coaching. Eric Gonzalez (KeyBanc) questioned supply chain cost savings for franchisees. Penegor and CFO Ravi Thanawala responded that optimization efforts are underway, with anticipated margin improvements to be shared systemwide, though most benefits are expected from 2026 onward. Peter Saleh (BTIG) asked about the impact of quality messaging and the timing of oven calibration efforts. Penegor explained that highlighting unique dough ingredients would be a core marketing theme, and oven adjustments would support both product innovation and consistency later this year. Brian Mullan (Piper Sandler) sought details on store remodeling plans. Penegor shared that reimaging efforts are in early stages, with pilot programs underway and broader implementation expected to begin in 2026 to support carryout growth and brand revitalization. In upcoming quarters, the StockStory team will be monitoring (1) the impact of new product launches and menu innovation on transaction growth, (2) the effectiveness of increased marketing investment in driving brand perception and customer traffic, and (3) progress on operational efficiency initiatives, including supply chain optimization and oven recalibration. The pace of international market expansion and franchisee engagement will also remain important indicators of momentum. Papa John's currently trades at $48.52, up from $33.34 just before the earnings. Is there an opportunity in the stock?See for yourself in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
Scotsman
20 hours ago
- Entertainment
- Scotsman
Hollywood superstar Matt Damon spotted in Moray ahead of The Odyssey filming
Matt Damon will lead the all-star cast as Odysseus, the legendary Greek king of Ithaca. It is Damon's third time appearing in a Christopher Nolan film, though it will be his first leading role for the director. | AFP via Getty Images The actor, who is sporting a long beard for his role as Odysseus in Christopher Nolan's historical epic, has been taking pictures with fans in Buckie and Cullen. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Matt Damon has been spotted taking pictures with locals in Moray ahead of filming for a major blockbuster. The Hollywood star posed for pictures with locals at a gym in Buckie, and also stopped for photos with staff at an antiques centre in Cullen. Advertisement Hide Ad Advertisement Hide Ad The star is in Scotland ahead of filming for Christopher Nolan's upcoming historical drama, The Odyssey. Earlier this month, crews were spotted constructing buildings around Findlater Castle, which is closed to the public until July 25. Production crews and large boats for the film have also been spotted at Burghead Harbour in Elgin, as well as Buckie Harbour. Set for release in 2026, The Odyssey will follow the journey of the ancient Greek king of Ithaca as he returns home following the Trojan War. Advertisement Hide Ad Advertisement Hide Ad As Odysseus, Damon will lead an all-star cast including Anne Hathaway, Tom Holland, Zendaya and more. The upcoming historical epic is Nolan's first film since Oppenheimer. Crews have also been seen filming in Glasgow and Edinburgh earlier this month for J.J. Abrams' upcoming blockbuster Ghostwriter, which stars Glen Powell, Jenna Ortega, Samuel L Jackson and Emma Mackey.
Yahoo
20 hours ago
- Business
- Yahoo
WM price target raised to $250 from $244 at CIBC
CIBC raised the firm's price target on WM (WM) to $250 from $244 and keeps a Neutral rating on the shares. The firm said its main takeaway from the company's three-year outlook presented at its Investor Day is that it continues to expect outsized EBITDA and free cash flow growth, with this growth exceeding 2019-2021 targets from WM's 2019 Investor Day. It appears the company is not suffering from the law of large numbers, which addresses a concern that the growth rate will slow relative to peers over the medium term, the analyst tells investors in a research note. 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 Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on WM: Disclaimer & DisclosureReport an Issue WM price target raised to $245 from $241 at BMO Capital WM price target raised to $255 from $251 at Oppenheimer Waste Management: Balancing Growth Potential with Near-Term Challenges Waste Management: Balancing Promising Growth with Market Uncertainties Waste Management: Buy Rating Affirmed Amidst Strong Growth Prospects and Attractive Valuation 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
Daily Mail
a day ago
- Entertainment
- Daily Mail
Florence Pugh flashes her toned midriff in a navy pinstripe co-ord before posing with Will Poulter at bash celebrating Coach's creative director
Florence Pugh looked on fine form as she flashed her abs in a navy pinstripe co-ord while at a bash celebrating Coach's creative director Stuart Vevers in London on Thursday. The actress, 29, cut a cool figure as she posed alongside her former Midsommar co-star Will Poulter at the cocktail party honouring Stewart's recent OBE award. Florence showcased her figure in a crop top which was worn with matching trousers and a longline jacket, which she paired with a black Coach handbag. She boosted her height with a par of nude sandals while adding a touch of bling with a delicate gold body chain. Florence certainly seemed in the party spirit as she joined Will, 32, in posing alongside fellow actress Yasmin Finney, 21. While the star then snapped a photo with man of the moment Stewart amid his huge honour. The bash also saw the Oppenheimer star strike a pose alongside Bel Priestley, Maxim Magnus and Yasmin. Florence's outing comes after she and Yungblud were spotted pouring pints together in London last month as they celebrated the singer's recent release Zombie. The film star appeared in happy spirits as she was seen pouring a beer behind The Devonshire bar in Piccadilly. She can be seen passing a punter the drink while Yungblud looked impressed as he had his arms swung in the air. The pair were celebrating the recent release together as Florence starred in the artist's music video. Days previously, Yungblud teased a preview on social media, revealing that the video will star the Academy Award-nominated actress. In April, Yungblud also showed his support for Florence as he attended the European premiere of Marvel's Thunderbolts. Zombie is the third single from Yungblud's forthcoming album, Idols which was released on June 20. Speaking about the track, he said: 'The song was written initially about my grandmother going through serious injury and trauma, leading her to become a different person to who she was before. 'It's about the feeling of deterioration and ugliness; shutting out the world and the people we love out of the fear of becoming a burden or an embarrassment. 'We all want someone or something to comfort us no matter how we are right now or who we become in the future. But it's f***ing scary.'
