ElevenLabs has raised more than $300 million in all, soaring to a $6.6 billion valuation in October to become one of Europe’s most valuable startups.Full story: https://t.co/2lNOniP86F📸: Cody Pickens for Forbes https://t.co/4yS78N7E8m ...

Citigroup is a large and well-known bank, but is it worth buying while the stock is trading so close to its 52-week high?Citigroup (C 0.41%) is a household name in the banking sector, though its business spans well beyond the local corner bank. The 2.3% dividend yield isn't huge on an absolute basis, but it is roughly in line with the yield of the average large bank and nearly twice the 1.2% or so yield you would collect from the S&P 500 index.There's a good reason why dividend investors might be interested ...

people at data bricks, they seem to have a pretty nice holiday valuation going up. You've been on the show before talking about just the number of software companies that are private, like about 90% or so are private. These valuations, they just keep surging higher.What does that mean for investors of both the private markets and the public markets. >> Yeah, look, I think it's the number one question that we're all grappling with, whether it's public or private, are the valuations that we're seeing within t ...

Summary of PDD Holdings Inc. Conference Call Company Overview - **Company**: PDD Holdings Inc. (PDD) - **Industry**: Internet - **Current Price**: $113.49 (as of November 24, 2025) - **Price Target**: $130.00 (for December 2026) [1] Key Financial Changes - **Adjusted EPS**: - 2025E: Increased from RMB 72.08 to RMB 78.61 (+9.1%) [2] - 2026E: Slight increase from RMB 90.25 to RMB 90.31 (+0.1%) [2] - **Revenue**: - 2025E: Slight increase from RMB 435,205 million to RMB 435,318 million [2] - 2026E: Decrease from RMB 522,794 million to RMB 510,684 million (-2.3%) [2] - **Adjusted EBIT**: - 2025E: Increased from RMB 102,424 million to RMB 105,994 million (+3.5%) [2] - 2026E: Decreased from RMB 136,608 million to RMB 121,444 million (-11.1%) [2] Quarterly Forecasts - **Adjusted EPS Forecasts**: - Q1 2025: RMB 11.41 (actual) - Q2 2025: RMB 22.07 (actual) - Q3 2025: RMB 21.08 (actual) - Q4 2025: RMB 24.16 (forecast) [3] Investment Thesis - **Concerns**: - Slowing growth of core online marketing revenue (OMS) at +8% YoY in Q3 2025 raises questions about PDD's competitiveness in China [8][20] - Margin improvement at Temu is expected to face headwinds due to higher taxation from the EU and China, impacting bottom-line growth [8][20] - **Valuation**: Current share price downside is protected by low valuation (10x 2025E P/E) and stabilizing earnings [8][20] Performance Drivers - **Market and Macro Factors**: - Market performance is influenced by regional and macroeconomic factors, with a correlation of 0.73 with MSCI Asia Pac ex JP [16] - **Quant Styles**: - Value: 12% rank - Growth: 22% rank - Momentum: 30% rank - Quality: 5% rank - Low Volatility: 84% rank [4] Risks to Rating and Price Target - **Downside Risks**: - Potential profit decline due to increased investments [22] - High tariffs imposed by the US/EU on Chinese products affecting Temu's growth [22] - Deterioration in China’s consumption growth [22] - **Upside Risks**: - Profit rebound despite management's focus on investments [23] - Favorable tariff announcements from the US [23] - Aggressive stimulus policies from the Chinese government [23] Conclusion - **Current Rating**: Neutral - **Price Target**: $130.00 based on 10x 2026E P/E, reflecting concerns over transparency and financial visibility [21]

Core Viewpoint - Evercore ISI has lowered its price target for Alexandria Real Estate Equities to $72 from $74 while maintaining an Outperform rating, indicating a cautious but positive outlook ahead of the company's annual investor day on December 3 [1] Group 1: Company Performance - Alexandria Real Estate Equities has faced weak fundamentals in the lab space, strained capital markets for life sciences and biotech firms, and deteriorating portfolio metrics, leading to a nearly 50% decline in shares year-to-date, which has pushed the dividend yield to approximately 10% [2] - The firm has slightly reduced its 2026 FFO forecast to $6.52 from $6.55 and its 2027 estimate to $7.05 from $7.36, primarily due to lower starting cash rents and higher operating costs [3] Group 2: Market Positioning - Despite the lowered estimates, Evercore maintains an Outperform rating, citing low expectations ahead of the investor day and an attractive valuation, with the stock trading at just 9.5 times its new 2027 AFFO estimate compared to a REIT sector average of 19.6 times [3]

Joining us now, David Bonson from the Bonsson Group and Michael Farre from Far Miller in Washington. It's great to have both of you here. David, I'm going to start this conversation with you because we have seen dip buying.Uh we have seen a little bit of a rebound here, particularly in some of these big tech names uh into months end. You're saying don't buy the dip. Why.Well, I think that the names that have dipped the most are grotesqually overvalued, and they could easily catch a bid and rally, but it's e ...

Core Insights - Palantir Technologies experienced a significant decline in stock value, dropping 16% in November 2023, marking its worst month since August 2023, primarily due to investor concerns over AI stock valuations [1][2][5] - Despite strong third-quarter earnings and revenue, with a second consecutive quarter of $1 billion revenue, valuation fears led to a selloff post-earnings [2][3] - Notable investor Michael Burry has taken a short position against Palantir, contributing to negative sentiment around the stock [3][4] Financial Performance - Palantir reported third-quarter earnings that exceeded Wall Street expectations, achieving $1 billion in revenue for the second straight quarter [2] - The company's stock is currently trading at 233 times forward earnings, significantly higher than competitors like Nvidia and Alphabet, which trade at approximately 38 times and 30 times, respectively [6] Market Sentiment - Analysts from Jefferies and RBC Capital Markets expressed concerns over Palantir's "extreme" valuation and "increasingly concentrated growth profile," suggesting better risk-reward opportunities in other AI stocks like Microsoft and Snowflake [3] - The broader AI sector faced a selloff in November, with Nvidia down over 12% and Microsoft and Amazon each dropping about 5% [5] Strategic Developments - Despite the stock decline, Palantir secured new contracts, including a multi-year agreement with PwC to enhance AI adoption in the U.K. and a deal with FTAI for aircraft engine maintenance [4] - CEO Alex Karp defended the company's valuation and criticized Burry's actions as "market manipulation," asserting that Palantir is providing investment opportunities previously limited to top venture capitalists [4][7]

Core Viewpoint - The decision between investing in Walmart and Costco may hinge on valuation, despite both companies showing strong financial results amid economic uncertainty [1]. Group 1: Sales Performance - Both Walmart and Costco reported a 6% annual growth in net sales in their most recent quarters, indicating similar sales performance [2]. Group 2: Profitability - Walmart's net income increased by 34% year over year, while Costco's net income rose by 11%. However, Costco's net income growth was closely aligned with its operating income, which increased by 10%, contrasting with Walmart's operating income, which fell by less than 1% due to higher operating expenses [3]. Group 3: Investment Gains - Walmart's recent profit increase was primarily driven by unrealized investment gains, which may not reflect sustainable operational performance [4]. Group 4: Valuation Comparison - Walmart's price-to-earnings (P/E) ratio is 36, while Costco's is significantly higher at 50, making Walmart appear more reasonably valued compared to Costco, despite both companies being prominent retailers on a growth trajectory [6][7].

Okay so I'm not a fan of the Infinex ICO.People can get in at $300M USD FDV if they lock their tokens up for a year.Locking up anything for such a period at this type of valuation is a gamble at best.Or at $1B USD with instant unlock, but with limited upside (if any).Now here's the thing:Their Infinex Patrons NFTs currently imply a FDV of $545M USD *but* are highly illiquid.So in theory you get in at a 40% discount (I'm being very very generous here) but you only get your tokens in 12 months.Look at the rec ...

Core Viewpoint - Allegiant Travel Company (ALGT) has experienced a significant decline in share price, underperforming compared to its industry and competitors like Southwest Airlines and Ryanair [1][7]. Group 1: Stock Performance - ALGT shares have dipped 17.5% year-to-date, indicating a poor performance relative to the transportation-airlines industry [7]. - The stock's disappointing performance has led to speculation about whether it is a good time to buy [4]. Group 2: Challenges Facing ALGT - The company is facing headwinds from a challenging macroeconomic environment, including tariff-induced economic uncertainties that may reduce domestic air travel demand [5]. - Production delays at Boeing due to quality control checks and regulatory reviews are impacting ALGT's fleet expansion plans, leading to lower expected profitability and increased maintenance costs [6]. - Rising labor costs are a significant concern, with a projected increase of 19.2% in 2024, overshadowing the decrease in aircraft fuel costs [7][8]. Group 3: Earnings Estimates and Guidance - ALGT has raised its full-year earnings guidance, expecting adjusted consolidated earnings per share (EPS) to exceed $3.00 for 2025, up from a previous estimate of above $2.25 [9]. - The Zacks Consensus Estimate for ALGT's 2025 EPS is currently pegged at $3.04 per share, reflecting positive sentiment around the stock [10]. Group 4: Positive Factors - Improvement in air travel demand post-pandemic has led to a 3.5% year-over-year increase in ALGT's top line during the first nine months of 2025, primarily driven by a 3.9% rise in passenger revenues [11]. - The company is modernizing its fleet to meet increased travel demand, with plans to maintain a fleet size of 123 by the end of 2025 [12]. - ALGT's liquidity position is strong, with cash and cash equivalents of $985.32 million, significantly higher than its current debt level of $270.63 million [13]. Group 5: Shareholder Initiatives - The company has engaged in shareholder-friendly initiatives, including dividends totaling $21.9 million and share repurchases worth $12.95 million in 2025 [14][15]. Group 6: Valuation - ALGT is currently trading at a discount compared to the industry based on its trailing 12-month price-to-book (P/B) ratio, indicating an attractive valuation [16].