All Reports

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…

This morning, Amphenol (APH; $108.21; O/P) announced a “blockbuster” agreement to acquire CommScope’s (COMM; $14.70; E/W) Connectivity and Cable Solutions (CCS) business for $10.5B in cash, which it plans to fund through cash on hand…

On Thursday (7/31), Lyft (LYFT; $13.62; O/P) disclosed in a blog post that it completed the previously announced acquisition of FREENOW, a European-based mobility platform that is best known for its taxi offering, at a…

We are adjusting our 2025/2026E EPS for Belden (BDC; $123.65; E/W) from $7.25/$7.75 to $7.30/$7.45 after the company produced some Q2 EPS upside and provided Q3E guidance that encompassed Street estimates. We note that we…

Aptiv (APTV; $68.64; E/W) produced healthy Q2 upside relative to our and Street estimates, although it predominantly reflected a tariff related “pull in” of consumer demand for vehicles, that was also reflected in auto OEM…

We are raising our 2025/2026E EPS for Vertiv Holdings (VRT; $148.11; E/W) from $3.50/$4.20 to $3.80/$4.50 after the company delivered a healthy Q2 EPS beat with guidance that generally lived up to Street modeling, reflecting…

Benchmark Electronics (BHE; $39.26; O/P) reported Q2 non-GAAP EPS of $0.55, in line with our $0.55 and slightly ahead of the Street’s $0.54 on sales of $642mm (vs. our $640mm and the Street’s $639mm), which…