Michael McGovern

BofA Securities analyst Michael McGovern on Thursday reiterated a Buy rating on the shares of Carvana Co (NYSE:CVNA) and raised the price forecast from $290 to $295. Carvana delivered a strong beat-and-raise quarter, highlighted by 46% year-over-year growth in unit sales. The company posted revenue...

Ride-hailing company Lyft Inc (NASDAQ:LYFT) could highlight more progress on autonomous vehicles when the company reports fourth-quarter financial results after market close Tuesday. Earnings Estimates: Analysts expect Lyft to report fourth-quarter revenue of $1.56 billion. That’s up from $1....

OpenAI on Thursday released a research preview of a new AI agent called “Operator,” which uses the internet to perform a range of tasks. Analysts are weighing in on which publicly traded companies could benefit from the collaboration. Expert Ideas: Bank of America Securities analysts,...

A Tesla Inc. (NASDAQ:TSLA) Robotaxi Day event could significantly impact Uber Technologies (NYSE:UBER) stock price and future valuation. Analysts outline both the bullish and bearish scenarios, explaining how Tesla’s event could benefit Uber’s long-term growth and boost the valuation of...

LYFT Inc (NASDAQ: LYFT) shares were tumbling Friday after the company reported disappointing first-quarter numbers as it struggles to keep pace with rival Uber Technologies Inc (NYSE: UBER). On Thursday, Lyft reported adjusted first-quarter EPS of 7 cents, beating consensus analyst estimates...

LYFT Inc (NASDAQ: LYFT) shares tumbled Friday morning after the company disappointed Wall Street with its weak guidance. On Thursday, Lyft reported a fourth-quarter adjusted EPS loss of 74 cents, missing consensus analyst estimates of a 13-cent profit. The San Francisco-based company reported $1.18...

Lyft Inc. (NASDAQ: LYFT) stock has significantly outperformed peers, rising 14% on a potential takeover bid, despite no sources validating these speculations, according to Bank of America Securities. The Analyst: Michael McGovern maintained an Underperform rating for Lyft, with the price target...

Decelerating growth will likely extend RealReal Inc.’s (NASDAQ: REAL) timeline to breakeven, according to Bank of America Securities. The RealReal Analyst: Michael McGovern downgraded the rating for RealReal by two notches from Buy to Underperform, while slashing the price target from $7.00...

DoorDash Inc (NYSE: DASH) shares dropped 8% on Wednesday morning after Amazon.com, Inc. (NASDAQ: AMZN) announced a new partnership with DoorDash competitor Grubhub. The Amazon-Grubhub deal prompted one Wall Street analyst to cut his price target for DoorDash. The Analyst: Bank of America analyst...

Food delivery company DoorDash Inc (NYSE: DASH) reported quarterly earnings Thursday after the market close. Here’s what analysts had to say about the company’s latest earnings report. The DoorDash Analysts: Morgan Stanley analyst Brian Nowak has an Equal Weight rating on DoorDash and a...

DoorDash Inc (NYSE: DASH) has announced a new partnership with BJs Wholesale Club Holdings Inc (NYSE: BJ) in which even non-BJ's members can get same-day grocery delivery through BJs.com. The partnership covers all 226 BJ's locations in 17 different eastern U.S. states. The Numbers: On...

DoorDash Inc (NYSE: DASH) reported third-quarter earnings results that ahead of expectations after the closing bell on Tuesday. The company has inked an agreement to acquire Helsinki-based food delivery company Wolt Enterprises for $8.1 billion in stock. Here's what the Street has to say after...

Shares of ContextLogic Inc (NASDAQ: WISH) traded sharply lower after reporting second-quarter earnings. The ContextLogic Analyst: Bank of America analyst Michael McGovern downgraded WISH shares from Neutral to Underperform and lowered the price target from $12 to $6. The Analyst...

DoorDash Inc (NYSE: DASH) evolved from its 2013 roots to become the largest third-party restaurant delivery platform in the U.S. with 390,000 merchants, 1 million couriers and 18 million customers. The company went public in late 2020 and a handful of Wall Street analysts released their first...

Amazon.com, Inc. (NASDAQ: AMZN) announced Wednesday it launched gateway operations at Austin and San Juan airports, will open regional air hubs in Lakeland this summer and San Bernardino next year, and will expand its cargo aircraft fleet from 68 to 80 by 2021. Amazon will lease 12 Boeing Inc...