Out Fox The $treet

Updated - Sept. 25  Oppenheimer sees nearly 50% upside on the $31 stock.  Oppenheimer initiated coverage of Pinterest ( NYSE: PINS ) with an "Outperform" rating on Tuesday. They think the company's platform is lending itself well to direct response advertising and believe investments in engagement and monetization will drive upside to long-term investor estimates, helped by its more  than 500 million monthly users. The research firm noted that while PINS's DAU base is the smallest among social media companies, they see upside to engagement. They also view the company's valuation as attractive at 12x EBITDA. Pinterest has a PT of $45, implying an upside of 48%.  Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Originally posted on Aug. 23 Pinterest produces consistent revenue growth, but the stock is struggling to gain traction. The social media company grew MAUs in...

  Under Armour's stock initially rose with founder Kevin Plank's return and FQ1 results but fell due to higher FY25 restructuring charges misunderstood by the market. The restructuring charges increased to $140-$160 million, causing a slight rise in operating loss, yet adjusted EPS remains on target. The stock's valuation at only 0.6x EV/S targets suggests substantial upside compared to peers like Lululemon and Nike, on top of the potential for the brand's resurgence. Under Armour, Inc.  ( NYSE: UA )( NYSE: UAA ) seems to fall sometimes just for releasing news. The stock jumped following FQ1 results and signs that Stephen Curry is working with the athletic apparel retailer to  expand the Curry Brand, yet a simple update crushed the stock. My  investment thesis  remains ultra-Bullish on the stock, with the return of founder Kevin Plank set to help return the company to glory. Read the full article on Seeking Alpha.  Disclosure: Long UA. Please review the di...

Update - Sept. 11, 2024 Roku looks ready to again hear at $70 after the Cleveland Research note.  Cleveland Research said on Wednesday that third quarter results for Roku ( NASDAQ: ROKU ) would likely be ahead of consensus, helped by linear gains, TTD tailwinds, CPM investments and execution. "3Q momentum sounds strong, driven by incremental linear TV gains, tailwinds from programmatic efforts, and  solid ROKU execution on new products/initiatives—ROKU leveraging supply growth to win on price," the research firm said in their September 11 commentary. Cleveland said the outlook for the streaming device company "looks more constructive," judging by its ability to compete due to new products, new advertisers gains, lower CPMs, and better agency relationships. They expect most growth to come via DSPs. On TTD, Cleveland said partnership seems to be driving incremental revenue as programmatic access improves and volume growth exceeds CPM declines. On ACR data benefits, th...

Update - Sept. 11, 2024 The debate was clearly rigged, not sure why Trump agreed to a debate with biased ABC media as the moderators. Again though, the stock isn't based on whether Trump becomes President or not.  -Trump Media & Technology ( NASDAQ: DJT ) shares declined by  as much as 11%  after the U.S. presidential debate between Democratic nominee Kamala Harris and Republican Donald Trump. According to a CNN instant poll conducted by SSRS, 63% of viewers felt Harris won the debate, while 37% believed Trump was the winner. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Original article posted on Sept. 2 Trump Media faces significant downside risk with the upcoming lock-up expiration, particularly with Donald Trump's large share position and funding needed for the election. The company reported another weak quarter, with revenue below $1 million and rising expen...

  Rubrik has demonstrated strong growth, with subscription ARR up 40% and total revenue increasing 35% year-over-year, despite trading near IPO lows. The company benefits from heightened demand for cyber resilience, highlighted by the recent CrowdStrike outage, which underscores the need for robust data recovery systems. With a market cap of $5.6 billion and ARR forecasted to top $1 billion, Rubrik's stock is an attractive buy at 5x forward EV/S targets. Despite another strong quarter,  Rubrik  ( NYSE: RBRK ) has traded near its lows since the IPO back in April. The company secures data and quickly helps enterprise customers recover data following  cyberattacks , or even the recent IT outage. My  investment thesis  remains ultra-Bullish on the cybersecurity stock, with strong growth oddly ignored. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

  C3.ai's revenue growth returned to 21%, with 71 new agreements and 51 pilot deals, indicating strong future growth despite market dissatisfaction. Despite slightly missing Wall St. estimates, C3.ai's FQ2 guidance still shows 24% YoY growth, with a strong history of beating targets. The stock now trades below the low-end price target range, offering up a Strong Buy signal. AI software companies already have wild reactions to earnings reports, and  C3.ai, Inc.  ( NYSE: AI ) didn't help their case with  guidance slightly below  targets. The AI software company is actually reporting accelerating growth and the  fastest growth rates since switching the business model to consumption-based, but the stock market isn't happy. My  investment thesis  is back to ultra-Bullish on the stock following the negative reaction to earnings. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more d...