Latest news with #RaymondJames
Yahoo
3 hours ago
- Business
- Yahoo
Raymond James Upgrades DoorDash (DASH) Stock, Lifts PT
DoorDash, Inc. (NASDAQ:DASH) is one of the 10 Unstoppable Stocks to Buy According to Hedge Funds. On June 23, Raymond James analyst Josh Beck upgraded DoorDash, Inc. (NASDAQ:DASH)'s stock to 'Strong Buy' from 'Outperform' with a price target of $260, an increase from $215. This upgrade comes on the heels of an underappreciated valuation amidst consideration of the Deliveroo acquisition. The firm's analyst expects the acquisition to result in a mid-teens increase in DoorDash, Inc. (NASDAQ: DASH)'s EBITDA by 2026 and high teens by 2027. Furthermore, the synergies, together with elevated investment in advertising, operational performance, and future benefits coming from autonomous technology, can fuel the company's stock. A shot of a delivery driver zooming down a busy street, symbolizing the company's quick and efficient delivery services. Apart from this, DoorDash, Inc. (NASDAQ:DASH) has made an acquisition of NYC-based software company, Seven Rooms, and ad platform, Symbiosys. DoorDash, Inc. (NASDAQ:DASH) expects that both SevenRooms and Deliveroo can expand its ability to build world-class services, thereby, increasing its potential to grow local commerce and help with financial goals. In Q1 2025, its total orders saw an increase of 18% YoY to 732 million, and marketplace GOV rose 20% YoY to $23.1 billion. The YoY growth in total orders was due to growth in consumers and average consumer engagement. For Q2 2025, DoorDash, Inc. (NASDAQ:DASH) expects marketplace GOV of between $23,3 billion – $23.7 billion, and adjusted EBITDA of $600 million – $650 million. Sands Capital, an investment management company, released its Q1 2025 investor letter. Here is what the fund said: 'DoorDash, Inc. (NASDAQ:DASH) is the leading food delivery platform in the United States by market share. The business exceeded investor expectations in its most recently reported quarter, demonstrating continued strong execution. Orders grew 19 percent year-over-year, supported by 14 percent growth in monthly active users, while adjusted EBITDA rose 56 percent. First-quarter 2025 guidance was better than consensus expected, calling for 20 percent gross order volume growth. Our investment case continues to play out, and we continue to believe that consensus underestimates DoorDash's longer-term earnings power.' While we acknowledge the potential of DASH 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 DASH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Sign in to access your portfolio
Yahoo
8 hours ago
- Business
- Yahoo
Raymond James partners with FNZ to enhance wealth management platform
Raymond James, an independent financial services firm based in Canada, has forged a strategic partnership with wealthtech platform FNZ to develop its next-generation wealth management platform. The agreement includes investment by Raymond James to advance the digital transformation of its wealth management infrastructure. Under the partnership, Raymond James will utilise FNZ's integrated, end-to-end wealth management platform to modernise its operations. FNZ's platform is designed to prioritise clients and digital engagement, aiming to streamline processes and offer personalised services throughout the wealth management lifecycle. With this, clients of Raymond James are expected to experience improved digital services. Raymond James CEO Jamie Coulter said: 'As a client-first organisation, we took the time to engage with our advisors, branch associates and clients to define the future of wealth management.' 'This isn't just a technology upgrade—it's a quantum leap in the support we provide our advisors in their delivery of exceptional client service. We're listening, investing, and acting to deliver smarter, more connected experiences for our partners and clients.' Raymond James plans to invest around $1bn globally in the fiscal year 2025, with a focus on bolstering its information security infrastructure, including a Cyber Threat Center. FNZ Group CEO Blythe Masters stated: 'We are delighted to partner with Raymond James Ltd. to deliver a next-generation wealth management platform that will transform the advisor and client experience across Canada. 'We're excited to bring this innovative platform to life and support Raymond James Ltd. in setting a new standard for wealth management in Canada.' FNZ, which collaborates with over 650 financial institutions and manages assets exceeding $1.7tn for 26 million investors, appointed Aashish Kamat as the new group CFO and member of the executive committee in February. "Raymond James partners with FNZ to enhance wealth management platform " was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
15 hours ago
- Business
- Yahoo
SM Energy (SM) Declines After a Rating Downgrade
The share price of SM Energy Company (NYSE:SM) fell by 10.42% between June 18 and June 25, 2025, putting it among the Energy Stocks that Lost the Most This Week. A row of massive oil rigs in a desert landscape, against a setting sun. SM Energy Company (NYSE:SM) is an independent energy company focused on the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States. SM Energy Company (NYSE:SM) declined this week after Raymond James analyst John Freeman double downgraded the stock from 'Outperform' to 'Underperform', without stating a price target. The downgrade comes on the back of lower oil prices and inventory concerns. The analyst mentioned that as the geopolitical risk premium unwinds on oil, the fundamentals support an oil price closer to $60 per barrel for an extended period, unless geopolitical risks resurface or OPEC changes course from its internal price war. Raymond James highlighted that SM Energy Company (NYSE:SM) has a below-average core inventory life in the Permian Basin, which 'puts increasing pressure on the Uinta to fill the gap.' As of the writing of this piece, SM Energy Company (NYSE:SM) has fallen by more than 38% since the beginning of 2025. While we acknowledge the potential of SM 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: 10 Best Nuclear Energy Stocks to Buy Right Now and 12 Best Natural Gas Stocks to Buy According to Analysts Disclosure: None. Sign in to access your portfolio
Yahoo
15 hours ago
- Business
- Yahoo
Vital Energy (VTLE) Nosedives Amid Rating Downgrade
The share price of Vital Energy, Inc. (NYSE:VTLE) fell by 20.75% between June 18 and June 25, 2025, putting it among the Energy Stocks that Lost the Most This Week. Aerial view of an oil well and the rig in the Permian Basin, West Texas. Vital Energy, Inc. (NYSE:VTLE), an independent energy company that engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas. Vital Energy, Inc. (NYSE:VTLE) had surged by over 40% this month, but fell heavily recently after Raymond James analyst John Freeman double downgraded the stock from 'Outperform' to 'Underperform', citing the expectations that oil prices could slide to around $60 per barrel for an extended period as geopolitical risk premiums unwind. The analyst also highlighted Vital Energy's lower inventory life in the Permian Basin as a factor in the downgrade decision. Vital Energy, Inc. (NYSE:VTLE) was also impacted by the slump in global crude oil prices, with the WTI crude price falling by almost 12% since June 20, 2025. That said, Vital Energy, Inc. (NYSE:VTLE) released an investor presentation this week, reaffirming the company's outlook for FY 2025. VTLE is targeting a total production of 135.3 – 139.8 mboe/d, with a projected adjusted free cash flow of around $265 million for the year. While we acknowledge the potential of VTLE 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: 10 Best Nuclear Energy Stocks to Buy Right Now and 12 Best Natural Gas Stocks to Buy According to Analysts Disclosure: None. 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
16 hours ago
- Business
- Yahoo
Why Equinix Stock Was Swooning This Week
An important profitability metric for REITs won't look as shiny over the next few years, the company revealed. Both investors and analysts alike reacted negatively to that news. 10 stocks we like better than Equinix › The data center industry is standing in front of major expansion due to the unbending popularity of artificial intelligence (AI). Despite that, top sector name Equinix (NASDAQ: EQIX) has been having a rough few days on the stock exchange of late, especially following its analyst day event on Wednesday. All told, according to data compiled by S&P Global Market Intelligence, week-to-date as of Thursday night, the company's share price was down by almost 16%. No investor likes to hear that one of their investments might experience a slump in its growth rates. Yet that's exactly what happened with Equinix; on analyst day, it proffered guidance for its adjusted funds from operations (AFFO), the key profitability line item for real estate investment trusts (REITs) like itself. Management is forecasting 5% to 9% annual growth from 2025 through 2029. The No. 1 reason for this is that the heavy demand for artificial intelligence (AI) capabilities requires significant expansion in data center capacity. So, a company like Equinix that specializes in such facilities is essentially forced to spend now to reap the benefits later. Regardless, analysts didn't hesitate to become more bearish on the company. In fact, several institutions (such as Raymond James and BMO Capital Markets) downgraded their recommendations on the stock. Personally, I don't think that's fair. Intensifying capital expenditure requirements are entirely justified, given that so many developers and end users want robust AI functionality as soon as humanly possible, without bottlenecks. It's data center operators like Equinix that have to pay up front for this, at least at the current stage. This stock's double-digit dip is, therefore, a good opportunity to buy a good company cheaply, in my view. Yes, profitability will be dinged for a while, but I think Equinix has great potential for patient investors who are willing to wait it out over the long term. Before you buy stock in Equinix, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Equinix 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 $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Equinix. The Motley Fool has a disclosure policy. Why Equinix Stock Was Swooning This Week was originally published by The Motley Fool Sign in to access your portfolio
