All Reports

The shares of Maplebear, d/b/a Instacart (CART; $45.05; E/W) are down 12% today on news that Amazon (AMZN; $224.48; NR) is now offering same-day grocery delivery to consumers in 1K+ cities and towns in the…

Our latest look at aggregate inventories up and down the supply chain after CQ2 EPS season strongly suggests a further rightsizing of inventories continued, that was broad in nature but led by distributors and components…

We think some recent “under the radar” news flow out of Benchmark Electronics (BHE; $39.55; O/P) provides further support for the idea that its sales are returning to YoY growth in H2 of this year…

Last week, we spent a day at the Future of Memory and Storage Summit (FMS) in Santa Clara, CA. It should not come as a big surprise that we heard a lot of confident talk…

We are raising our F2025/F2026E (Aug) EPS from $7.80/$11.65 to $8.15/$12.95 and reiterating our $160 target on the shares of Micron (MU; $122.39; O/P) after the company raised its FQ4 (Aug) non-GAAP outlook in conjunction…

We expect FQ4 (Jun) results and outlook from Sandisk (SNDK; $44.34; E/W) to be viewed favorably by the Street on Thursday (8/14 after market) even after considering ongoing questions around “pull-ins” of consumer electronics demand…

We are raising our 2025/2026E EBITDA for DoorDash (DASH; $263.02; E/W) from $2.65B/$3.3B to $2.75B/$3.5B after the company produced another better-than-expected set of results and guidance. Specifically, DASH produced Q2 Gross Order Value (GOV) of…

We are bumping up our 2025/2026E EBITDA for Maplebear d/b/a Instacart (CART; $49.39; E/W) from $1.075B/$1.225B to $1.085B/$1.25B after the company produced a solid “beat and raise” led by some better-than-expected operating leverage, off of…

Maplebear, doing business as Instacart, (CART; $49.39; E/W) posted Q2 adjusted EBITDA of $262mm (2.9% of GTV vs. 2.5% a year ago), which was ahead of our forecast of $245mm (2.7% of GTV) and the…

Yesterday, Apple (AAPL; $219.17; NR) announced it will be funding a $2.5B investment into Corning (GLW; $64.61; O/P) as part of AAPL’s latest U.S. Advanced Manufacturing Fund, which is aimed at incentivizing global companies to…

We raise our 2025/2026E EBITDA for Lyft (LYFT; $13.99; O/P) from $500mm/$613mm to $513mm/$650mm after Q2 results and guidance comfortably lived up to expectations while being well supported by robust free cash flow (FCF). In…

Lyft (LYFT; $14.04; O/P) posted Q2 gross bookings of $4.49B, which was in line with our consensus matching $4.50B that in turn drove adjusted EBITDA of $129mm (2.9% of gross bookings) and was ahead of…

We adjust our 2025/2026E EBITDA for Uber Technologies (UBER; $88.97; E/W) from $8.5B/$10.825B to $8.7B/$10.95B after the company reported Q2 results that were somewhat ahead of our and Street expectations with guidance that encompassed our…

Uber Technologies (UBER; $89.39; E/W) posted Q2 adjusted EBITDA of $2,119mm, which compared to the Street’s $2,107mm and our somewhat more conservative forecast of $2,067mm, on some sales and gross bookings (GB) upside and as expected EBITDA…

Fox Advisors is discontinuing coverage of CommScope (COMM – $14.51 – Last Rating: Equal-Weight – Price Target: NA) as part of efforts to better allocate resources. Effective immediately, our rating, price target, disclosures and estimates…