Latest news with #Robotaxis
Miami Herald
7 hours ago
- Automotive
- Miami Herald
Veteran analyst drops jaw-dropping Tesla stock target
Say what you want about Tesla (TSLA) , but every move kicks off a fresh debate. Hence, it was a given that its Robotaxis would fire things up even more. And they have. Don't miss the move: Subscribe to TheStreet's free daily newsletter Though the bears had plenty to say about the Robotaxis, we now see the bulls step up, betting it could spark something massive. It comes at a time when Tesla's footing in Europe is slipping, deliveries are underwhelming, and its stock trades deep in the red for the better part of the year. However, with a pat on the shoulder from some of Wall Street's finest, it could spark the kind of run Tesla stock investors have been craving. Tesla's hotly anticipated Robotaxi finally hit the streets on June 22, in a rather hush-hush, invite-only pilot in Austin, Texas. Related: Veteran Tesla bull drops surprising 3-word verdict on robotaxi ride Close to a dozen Model Ys cruised through a geofenced zone, each packing a front-seat safety monitor just in case. Early videos spread like wildfire, showing relatively smooth $4.20 rides. The bulls and Tesla die-hards were quick to label it as "the future of transport,". Moreover, the stock popped as much as 11% a day later. Fans say Tesla's camera-only setup, which sidesteps the need for pricey lidar and radar, is the most cost-effective way to scale robotaxis for the masses. Nevertheless, the skeptics kept circling as well. Bears warned that if the pilot failed, it could significantly impact Tesla's brand equity. More importantly, the regulators didn't miss the messy bits. Clips of wrong-way turns, speeding through school zones, and sudden stops put it on the radar of the National Highway Traffic Safety Administration. At the same time, the bigger picture is far from rosy on the operational side of things for Tesla. More Tech Stock News: Circle's stock price surges after stunning CEO commentRobotaxi rivalry heats up as new cities come onlineAnalyst reboots AMD stock price target on chip update Europe deliveries fell for a fifth consecutive month in May, down nearly 28% year-over-year, squeezed by local and Chinese rivals like BYD. Benchmark just gave Tesla a fresh shot of Wall Street love. In bumping its rating back up to "Buy", the research firm has hiked its price target from $350 to an eye-catching $475. That represents almost a 47% increase from Tesla's Friday closing price of $323.79. Related: Veteran analyst drops bold new call on Nvidia stock Benchmark analyst Mickey Legg feels that Tesla's cautious, safety-first Robotaxi pilot in Austin is exactly what the bulls needed to see. For Legg, those Model Y rides show that Tesla's camera-only approach could help scale where LiDAR-heavy rivals can't. Additionally, with Texas's new self-driving rules on September 1, things could get a lot smoother for Robotaxis to scale up quickly. Layer in a stock that's up more than 50% off April's lows, and Benchmark feels the upside could be massive. Also, Benchmark says Tesla's got a serious shot at becoming a full-on robotics powerhouse. The firm believes that the Optimus humanoid robot and next-gen energy play are huge bets, and one that could potentially take the stock to fresh highs. On a similar note, long-time Tesla bull Wedbush's Daniel Ives says the Austin Robotaxi pilot was the opening shot in what he calls a "golden era of autonomy." After sampling the geofenced Model Y fleet, Ives stuck with his Outperform rating, bumping his price target to a whopping $500. In a similar vein to Legg, he feels that Tesla's camera-only system can scale in ways that rivals with pricey sensors just can't match. However, Ive's real kicker is the upside potential. If Tesla pulls off the leap, it could unlock a staggering $1 trillion new market value. That hinges on the dream of turning virtually every parked Tesla into a round-the-clock money-minting machine. Adding to the hype, Tesla confirmed that a Model Y just delivered itself from the Austin Gigafactory straight to a customer's driveway. The delivery involved no human, no remote backup, reaching as high as 72 mph on local streets and highways. Related: Veteran Tesla analyst makes boldest robotaxi call yet The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
3 days ago
- Business
- Yahoo
Can CoreWeave Stock Hit $185 in 2025?
CoreWeave (CRWV) is rapidly emerging as a name worth watching in the artificial intelligence arena. Born as a GPU-powered cloud startup, CoreWeave now delivers specialized infrastructure for AI, ML, and visual effects, riding the surge in demand for high-performance computing. Since its public debut in March, the Nvidia (NVDA)-backed company has captured serious investor attention, becoming one of the fastest-rising stocks in the AI niche. But with rapid growth comes scrutiny. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Dear Micron Stock Fans, Mark Your Calendars for June 25 Up 93% in 2025, Palantir Stock Is Too Hot to Handle Here Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Bank of America recently downgraded CRWV stock from 'Buy' to 'Neutral,' flagging concerns about its sky-high valuation after shares' stellar ascent in just a few months. Yet in an intriguing twist, analyst Brad Sills simultaneously boosted his price target from $76 to a Street-high of $185, pointing to robust demand and CoreWeave's strong execution in the AI space. Momentum is high, but valuation pressure looms. Hovering just shy of the mark, can the stock hit the target again in 2025? CoreWeave (CRWV) delivers high-performance cloud infrastructure built for AI. With a market cap of $82.8 billion, it powers workloads through GPU- and CPU-optimized compute, storage, and software services. Backed by Nvidia and tied to major names like Microsoft (MSFT) and OpenAI, CoreWeave runs 250,000 Nvidia GPUs across over 30 data centers, blending flexible rentals with multi-year contracts for steady, scalable AI deployment. Shares of CoreWeave have been on a breathtaking ascent, fueled by surging demand for AI infrastructure and robust financial performance. Since its IPO at $40 per share, the stock has skyrocketed substantially recently, touching an all-time high of $187 on June 20 before trimming some of its gains. The stock is up by 55.3% over the past month, leading some to compare it to a meme stock. CRWV stock's meteoric rise has captivated Wall Street, but priced at 39.7 times sales, its valuation stretches high - trading at a premium price tag compared to the sector peers. CoreWeave delivered a blockbuster Q1 earnings report on May 14, generating $981.6 million in revenue, up by an astonishing 420% year over year and surpassing Wall Street expectations. Adjusted operating income climbed to $162.6 million or a 17% margin, compared to $25 million a year ago. The company's revenue backlog stood at $25.9 billion, buoyed by major deals, including an $11.2 billion contract with OpenAI, which provided strong visibility into future revenue. However, alongside this impressive growth came mounting losses. CoreWeave posted an adjusted net loss of $149.6 million, compared to $23.6 million in the year-ago quarter. Notably, management forecasts Q2 revenue between $1.06 billion and $1.1 billion, while adjusted operating income guidance sits between $140 and $170 million. For the full year, revenue is anticipated to be between $4.9 billion and $5.1 billion, while adjusted operating income is estimated to be between $800 and $830 million. Analysts monitoring CoreWeave predict its loss per share to be around $2.14 for fiscal 2025, and to shrink by 73.8% in fiscal 2026 to $0.56 per share. Last week, BofA issued a reality check on CoreWeave, downgrading the stock from 'Buy' to 'Neutral' after a jaw-dropping rally. The analyst stated that 'much of the near-term upside has been priced in,' with CRWV trading well above its peers on a stretched valuation. Yet Brad Sills did not sound the alarm without nuance. Despite the downgrade, he acknowledged CoreWeave's strong footing in the AI infrastructure space and lifted his price target to $185. His optimism stems from persistent demand and the firm's strategic position amid surging AI workloads. The valuation may be steep, but in the arms race for AI dominance, he believes CoreWeave's upside story isn't done yet. CoreWeave stock has a consensus 'Moderate Buy' rating overall. Out of 19 analysts covering the tech stock, five recommend a 'Strong Buy,' one gives a 'Moderate Buy,' 12 analysts stay cautious with a 'Hold' rating, and one has a 'Strong Sell' rating. Meanwhile, CRWV's sharp climb has already blown past its average price target of $82.72, implying the stock is trading at a premium. On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
3 days ago
- Business
- Yahoo
Legendary Investor Josh Brown Is Betting Big on This 1 Robotaxi Stock (Hint, It's Not Tesla)
Ritholtz Wealth Management chief executive Josh Brown expects Uber (UBER) shares to remain a top beneficiary of the booming autonomous vehicle market. In fact, the ride-hailing giant is currently his largest personal holding because of that conviction, he revealed in a recent interview with CNBC. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Dear Micron Stock Fans, Mark Your Calendars for June 25 Up 93% in 2025, Palantir Stock Is Too Hot to Handle Here Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Uber stock has been in a sharp uptrend in recent months – and is currently up some 50% versus its April low. Brown's bullish remarks on Uber shares arrive shortly after the mobility firm extended its robotaxi services to Atlanta, which the market veteran dubbed 'super important' in his CNBC interview. According to him, self-driving vehicles from all OEMs (Tesla (TSLA), Waymo, or any other) is a massive positive for UBER as the technology removes the human driver – 'the most expensive part of the experience for both the consumer and the company.' The Ritholtz chief executive believes the NYSE-listed firm will continue to sign new partnerships with autonomous businesses, which he's convinced will deliver a meaningful boost to its profitability over time. On Wednesday, Josh Brown also confirmed that he wouldn't sell UBER stock even if it surpasses $100 in the weeks ahead. Josh Brown expects self-driving partnerships to bolster UBER's already strong financials. In May, the ride-hailing giant reported $0.83 of EPS for its fiscal Q1 – well above Street estimates. Investors should also note that the NYSE-listed firm already has about a dozen partnerships with autonomous players. Just this month, it teamed up with Wayve on 'level 4' self-driving vehicles in London. That made Justin Post – a senior Bank of America analyst – reiterate his 'Buy' rating on Uber shares with a price target of $97, which indicates potential for another 8% rally from current levels. UBER does not currently pay a dividend, though. Wall Street analysts seem to share Brown's optimism on UBER stock, given the consensus rating on the ride-hailing giant currently sits at 'Strong Buy.' Analysts' price targets on Uber Technologies go as high as $115 at the time of writing, indicating potential upside of more than 25% from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
3 days ago
- Business
- Yahoo
Robinhood Just Hit a New Record High. Is It Too Late to Buy HOOD Stock?
Popular trading platform Robinhood (HOOD) has been red hot in 2025, touching a new record high of $85.55 in intraday trading on Wednesday, June 25. This was fueled by a resurgence of interest in crypto and a nearly 16% rise in Bitcoin (BTCUSD) prices in the year to date. Should investors jump in now, or did they miss the breakout? Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Dear Micron Stock Fans, Mark Your Calendars for June 25 Up 93% in 2025, Palantir Stock Is Too Hot to Handle Here Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Founded in 2013 and based in Menlo Park, California, Robinhood (HOOD) has become famous for introducing commission-free stock trading. The company's platform enables users to trade stocks, options, and perhaps most importantly, cryptocurrencies. Robinhood has a market cap of $72.6 billion. Unlike the broader market that suffered under new tariffs from President Donald Trump, Robinhood thrives in the chaos. Volatility fuels its trading engine, attracting users eager to seize every market move. As trading volumes surge, so does investor confidence. HOOD has soared 273% over the past year, climbed 31% in just one month, and hit a record high on June 25. On April 30, Robinhood delivered a stellar Q1 2025 performance, turning heads on Wall Street. Revenues surged 50% year over year to $927 million, as users engaged more deeply, pushing average revenue per user to $145, rising by 39%. EPS crushed expectations, leaping 106% annually to $0.37, while adjusted EBITDA nearly doubled to $470 million. But the real punch came from transaction-based revenues, soaring 77% to $583 million. With 25.8 million funded customers and $221 billion in platform assets, Robinhood is showing muscle where it counts. But this is not just about numbers. Robinhood is sharpening its edge for serious traders. It launched a sleek prediction markets hub in March, tapping into event-driven trading. Add in its latest AI-powered tools, banking upgrades, and advisory offerings, and Robinhood is evolving to own the next chapter. Analysts tracking Robinhood are upbeat about Robinhood's earnings growth trajectory, estimating Q2 EPS growth of 38.1% to $0.29. Looking further ahead, for 2025, EPS is expected to surge by 12.8% to $1.23. Analysts from multiple brokerage firms are optimistic about Robinhood's stock, giving a consensus rating of 'Moderate Buy.' Based on the 21 analysts in coverage, 12 have rated it a 'Strong Buy,' two suggest a 'Moderate Buy,' while six analysts are playing it safe with a 'Hold' rating and one has a 'Strong Sell.' The Street-high target of $105 represents potential upside of 28% from the current price level. On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
3 days ago
- Business
- Yahoo
TKO Group Stock: Is TKO Outperforming the Communication Service Sector?
With a market cap of $34.6 billion, TKO Group Holdings, Inc. (TKO) is a sports and entertainment conglomerate formed through the merger of WWE and UFC under Endeavor Group Holdings. As a subsidiary of Endeavor, TKO oversees premier combat sports brands and generates revenue through live events, streaming via UFC Fight Pass, merchandise, sponsorships, and a broad range of licensed media content across digital and linear platforms. Companies valued at $10 billion or more are generally classified as 'large-cap' stocks, and TKO Group fits this criterion perfectly. As of 2024, TKO owns the world's most valuable MMA and pro wrestling organizations and has expanded further by acquiring IMG, On Location Events, Professional Bull Riders, and Mexico's Lucha Libre AAA Worldwide. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Dear Micron Stock Fans, Mark Your Calendars for June 25 Warren Buffett Warns 'Thumbsucking' is 'the Cardinal Sin' in Business Because It's 'Delaying the Correction of Mistakes' Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Shares of the New York-based company have declined 2.3% from its 52-week high of $179.09. TKO stock has gained 13.2% over the past three months, outperforming the Communication Services Select Sector SPDR ETF Fund's (XLC) 5.3% rise during the same period. In the longer term, WWE, UFC Parent's shares have increased 23.1% on a YTD basis, exceeding XLC's 8.7% gain. Over the past 52 weeks, TKO stock has climbed 63.3%, compared to XLC's 22.4% return over the same period. The stock has been trading mostly above its 50-day and 200-day moving averages since last year. TKO Group reported Q1 2025 results on May 8. The company reported revenue of $1.3 billion and net income of $165.5 million, a sharp turnaround from a $234.5 million loss the prior year. Adjusted EBITDA jumped 23% to $417.4 million, driven by growth at both WWE and UFC, and the company raised its full-year guidance. Investors also reacted positively to the inclusion of recently acquired IMG, On Location, and PBR businesses, which pushed projected 2025 revenue up to as much as $4.6 billion. However, shares of TKO fell 5.5% the next day. In comparison, rival The Walt Disney Company (DIS) has lagged behind TKO stock. DIS stock has soared 7.3% on a YTD basis and 16.9% over the past 52 weeks. Due to the stock's outperformance, analysts are bullish on TKO. The stock has a consensus rating of 'Strong Buy' from the 19 analysts covering it, and it is currently trading below the mean price target of $186.72. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
