Analysts’ enthusiasm rose slightly in the quarter, with 19 of 26 brokerages having a Buy or Strong Buy rating while the rest have Hold ratings. At a recent price of around $16.50 a share, the upside potential based on a median price target of about $22.00 is 15.9%. At the high price target of around $25.50, the upside potential is 21.2%.
Second-quarter revenue is forecast at $2.93 billion, which would be up 11% sequentially and up 2.4% year over year. Adjusted EPS are forecast at $0.17, up 21.4% sequentially but down 29.1% year over year. For the full 2023 fiscal year, estimates call for EPS of $0.88, up 17%, on sales of $12.09 billion, up 9.8%.
Barrick stock trades at 118.8 times expected 2023 earnings, 14.5 times estimated 2024 earnings of $1.13 and 14.0 times estimated 2025 earnings of $1.17 per share. Its 52-week trading range is $13.01 to $20.75. Barrick pays an annual dividend of $0.40 (yield of 2.42%). Total shareholder return for the past year was 11.94%.
Datadog
Shares of data monitoring and analytics platform Datadog Inc. (NASDAQ: DDOG) are down by about 2% over the past 12 months, thanks to a gain of nearly 50% since the beginning of the year. After reporting first-quarter earnings in early May, the stock soared by almost 80%. And that increase has little to do with Datadog’s AI promises. Those did not begin until Thursday when the company announced a stream of generative AI products.
Analysts remain strongly bullish on the stock, with 27 of 37 giving Datadog a Buy or Strong Buy rating and the rest rating the shares at Hold. At a share price of around $111.00, the stock trades above its median price target of $101.95. At the high price target of $140.00, the upside potential is 27.3%.
For the fiscal second quarter, Datadog is expected to post revenue of $501.32 million, up 4.1% sequentially and 23.4% higher year over year. Adjusted EPS are pegged at $0.28, flat sequentially and up 16.7% year over year. For the full 2023 fiscal year, the company is expected to report EPS of $1.48, up 20%, on sales of $2.09 billion, up 25%.
Datadog stock trades at 94.1 times expected 2022 earnings, 74.8 times estimated 2024 earnings of $1.48 and 57.3 times estimated 2024 earnings of $1.93 per share. The 52-week trading range is $61.34 to $120.75. The company does not pay a dividend, and the total shareholder return for the past year was 1.57%.
Li Auto
Beijing-based electric vehicle (EV) maker Li Auto Inc. (NASDAQ: LI) has seen its share price increase by more than 34% over the past 12 months. Shares have gained more than 120% since the beginning of 2023. In July, Li delivered more cars than either Nio or Xpeng, with more than 34,000 new vehicles hitting the road. BYD, China’s largest EV maker, delivered more than 262,000 new vehicles in July. Tesla sales dropped 30% in China last month to 64,285. The government extended consumer tax breaks for buyers of new EVs.
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