We reiterate our Outperform on the shares of Jabil (JBL; $226.99) after hosting an investor meeting for the company in Las Vegas during the Consumer Electronics Show (CES) where we met with CEO Mike Dastoor,…
Earlier today, Lyft’s (LYFT; $19.30; O/P) CEO David Risher reiterated in a LinkedIn post that the company continues to fully target 2027E gross bookings (GB) and adjusted EBITDA targets of ~$25B and ~$1B (4% of…
On Monday (1/5), at the Consumer Electronics Show (CES) in Las Vegas, Uber Technologies (UBER; $86.90; E/W) introduced, with its partners Lucid Group (LCID; $11.30; NR) and Nuro, the production intent autonomous vehicle (AV) that…
Yesterday (1/6), in what we assume was a surprising move to the Street, Mobileye Global (MBLY; $12.18; E/W) announced a definitive agreement to acquire Mentee Robotics, which is a humanoid robotics technology provider. Broadly speaking,…
We reiterate our Outperform and raise our target from $280 to $350 on the shares of Sandisk (SNDK; $308.44) after hosting an investor meeting yesterday with the company’s VP of IR, Ivan Donaldson, in Las…
This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of November, which was more or less in line with MoM seasonal patterns, albeit with some positive trends…
This morning, Maplebear d/b/a Instacart (CART; $44.86; E/W) announced in a blog post that it is ceasing all item price tests on its platform. As a result, CART’s retail partners will no longer be able…
We think investor “hand wringing” has basically reached peak levels towards Lyft (LYFT; $20.20; O/P) and Uber Technologies (UBER; $81.47; E/W) when it comes to the threat of autonomous rideshare disrupting their own network growth…
This afternoon, the U.S. Federal Trade Commission (FTC) announced that Maplebear d/b/a Instacart (CART; $44.95; E/W) has agreed to pay $60mm in refunds to consumers to settle allegations that the company deceived its customers with…
We have recently seen more examples of regulatory headlines that bear watching around Uber Technologies (UBER; $79.83; E/W), while keeping in mind that such news does seem to more generally “come and go” in terms…
This morning, Aptiv (APTV; $77.33; E/W) announced a partnership with Vecna Robotics, a logistics automation company, to co-develop next-generation autonomous mobile robots for use in warehouses and factories, as illustrated below. We think this announcement…
We are reducing our rating on the shares of Maplebear d/b/a Instacart (CART; $45.06) from Outperform to Equal-Weight. The stock is now up ~20% since we our upgrade back on 10/3 to a still reasonable…
We are raising our F2026/F2027E (Aug) EPS for Micron (MU; $225.71; O/P) from $17.75/$21.50 to a remarkable $34.00/$50.00 after its FQ1 (Nov) print produced the biggest “beat and raise” we have ever seen from the company…
Micron Technology (MU; $225.52; O/P) reported FQ1 (Nov) non-GAAP EPS of $4.78, which more than comfortably beat our recently raised $3.80 and the Street’s $3.96 on much better than expected sales ($13,643mm vs. our $12,775mm…
We bump up our target from $255 to $265 on the shares of Jabil (JBL; $214.95; O/P) and raise our F2026/F2027E (Aug) EPS from $11.00/$12.40 to $11.55/$13.00, for 15%+ average growth, after its healthy FQ1…