Evercore ISI's analyst listed two of his favorite names in the sector, and one stock to bet against.
Evercore ISI is gearing up for first-quarter tech earnings by making short-term, bullish calls and a tactical bearish recommendation. Well-known technology analyst Mark Mahaney said underperformance in first quarter earnings is less likely given the negative revisions already seen across the tech sector in recent quarters. And he said the net multiple should see upside, with the median enterprise-value-to-EBITDA ratio of large-cap stocks near a five-year trough.
mountain Meta Spotify, which reports earnings on April 25, could be feeling the effect of a cooling ad marketplace on its podcast business, Mahaney said. Spotify had reportedly shuttered its live audio app, Spotify Live, which demonstrating management discipline around costs. But Mahaney said Spotify should see robust marketplace growth, and its premium revenue gross margin expand, as the music streaming platform opens its Discovery Mode feature to more artists.
mountain Spotify The short play On the other hand, Mahaney isn't as optimistic about Airbnb . The Wharton business school grad said first-quarter earnings expectation for the vacation platform are reasonable, but the second quarter is less likely to be beatable. While industry checks were in line with forecasts through the beginning of March, demand appears to have cooled later in the quarter, Mahaney said.
mountain Airbnb — CNBC's Michael Bloom contributed to this report
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Here's Why XRP Might Send Top Cryptocurrencies to Valhalla, Explains Top Crypto TraderPossible recognition of $XRP as a nonsecurity is the best development the market can expect right now, says prominent news trader Tree_of_Alpha xrp xrpsec xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec treeofalpha
Weiterlesen »
Devils top Sabres, clinch home-ice in first round of playoffsThe Devils clinched home-ice advantage in the first round of the playoffs with a 6-2 win over the Sabres on Tuesday night. NJDevils
Weiterlesen »
Heaney has AL record-tying 9 straight Ks, Rangers top RoyalsAndrew Heaney tied an AL record by striking out nine consecutive batters, Adolis Garcia’s sixth-inning grand slam was one of three Texas home runs and the Rangers routed the Kansas City Royals 11-2 on Monday night.
Weiterlesen »
Bitcoin double top 'invalidated' amid fear CPI may fuel macro comedownEnjoy Bitcoin at $30,000 while it lasts — concerns are rising that CPI may spark a 'market-wide repricing.'
Weiterlesen »
This New Dark Comedy Is The Top Show On Netflix Right NowA new period drama and a 2012 miniseries are also trending on the streaming service.
Weiterlesen »