D-Wave's planned $550-million purchase of Quantum Circuits will give it a big leg up technologically. But the company still faces commercialization questions.
D-Wave's planned $550-million purchase of Quantum Circuits will give it a big leg up technologically. But the company still faces commercialization questions.
Bank of America believes that Roku's efforts to diversify its revenue base are reshaping the company's long-term earnings profile. The bank reiterated its buy rating on the streaming operator and hiked its price target to $140 from $115 in a Monday note. That implies upside of 26% from Friday's close. Analyst Brent Navon said that Roku has "several irons in the fire" that could all provide tailwin...
Bank of America believes that Roku's efforts to diversify its revenue base are reshaping the company's long-term earnings profile. The bank reiterated its buy rating on the streaming operator and hiked its price target to $140 from $115 in a Monday note. That implies upside of 26% from Friday's close. Analyst Brent Navon said that Roku has "several irons in the fire" that could all provide tailwinds for the stock going forward. He said that shares have nearly tripled from their 2022 lows as the company has made great efforts to diversify its revenue base over the past several years. ROKU YTD mountain ROKU 12-mo chart However, he remains bullish on Roku's opportunities ahead. "Roku has several initiatives that have the potential to sustain a healthy rate of topline growth such as: 1) self-serve advertising, 2) continued ramp into 3rd party DSP advertising platforms, 3) low fill rates which provide greater flexibility to price along the demand curve, 4) optionality with their subscription business via newer initiatives (e.g. Howdy) or cross-selling from Frndly acquisition and 5) moderating headwinds in M & E," Navon wrote. Besides Roku's solid revenue trajectory, the analyst also believes that the market has underappreciated its recent profitability inflection. If this is sustained over a full calendar year, Navon says that Roku's investor base could broaden, and this could possibly pave the way for index inclusion. "With improving operating leverage and a scalable model, we see Roku evolving into a compelling FCF/share compounder," he added. The company is also set to benefit from favorable industry trends alongside company-specific actions. This includes improving fill rates in its advertising business, alongside growth in streaming video both internationally and domestically alongside growth in its connected TV business. Shares of Roku have climbed 40% over the past year.
Welcome to the Mideast Money newsletter , where we chronicle the intersection of money and power in a region that’s become one of the most influential in global finance. I’m Laura Gardner Cuesta , Bloomberg News’ Middle East equity capital markets reporter, filling in for Adveith Nair. This week: A Middle East IPO rebound hinges on the fate of key deals, Saudi Arabia is on the cusp of “ game chang...
Welcome to the Mideast Money newsletter , where we chronicle the intersection of money and power in a region that’s become one of the most influential in global finance. I’m Laura Gardner Cuesta , Bloomberg News’ Middle East equity capital markets reporter, filling in for Adveith Nair. This week: A Middle East IPO rebound hinges on the fate of key deals, Saudi Arabia is on the cusp of “ game changer” property reforms and HSBC’s Middle East chief is betting on the Asia corridor . But first , a quick look at the regional tensions investors are watching closely. Iran’s foreign minister said security forces have “ full control ” of the country after two weeks of protests that have left over 540 people dead and more than 10,000 arrested. Demonstrations, however, are continuing. As world leaders weigh the possibility that the Islamic Republic could be overthrown , US President Donald Trump said on Sunday he is considering “ very strong options .” Fears of supply disruptions from OPEC’s fourth-largest producer have pushed oil prices close to a one-month high. Elsewhere in the region, Saudi Arabia is moving to rein in the United Arab Emirates as tensions in Yemen expose the longstanding rivalry between the two Gulf powerhouses. “Promising” IPO pipeline The fate of a few major share sales in 2026 will determine whether Middle Eastern equity capital markets can recover from their weakest showing in five years. The pipeline is “promising,” according to Citigroup’s Rudy Saadi . But several initial public offerings need to price and trade well in the first half to “re-establish confidence,” given that some recent transactions have not traded particularly well, said Saadi, who heads the bank’s equity capital markets operations in the Middle East and Africa, excluding South Africa. Middle Eastern IPO volumes failed to breach the $6 billion mark in 2025 , with activity falling to about half of the previous year’s total and to the lowest levels since the pandemic. Dealflow was hampe...
Welcome to our guide to the commodities driving the global economy. Today, Asian Oil Team Leader Serene Cheong explains why the market reaction to events in Iran and Venezuela has been remarkably subdued. The year has barely begun, but there have already been political upheavals in two of the world’s three most oil-rich countries. In Venezuela, which sits atop the most crude on the planet, the US ...
Welcome to our guide to the commodities driving the global economy. Today, Asian Oil Team Leader Serene Cheong explains why the market reaction to events in Iran and Venezuela has been remarkably subdued. The year has barely begun, but there have already been political upheavals in two of the world’s three most oil-rich countries. In Venezuela, which sits atop the most crude on the planet, the US has seized its leader and appears intent on taking over its oil industry. In Iran, number three in terms of reserves , popular protests have intensified to the point where the country’s theocratic leadership seems in danger of being toppled. Even after those developments, international benchmark Brent crude is near the lowest in five years. That’s partly down to the world being awash in a glut of oil , but also reflects political reality. Iran is no stranger to conflict and sanctions, yet it has managed to keep its prized oil exports flowing through previous periods of turbulence. While US President Donald Trump has said he’s mulling options on Iran — which could include military strikes, cyber attacks and sanctions — his fondness for low prices at the pump means he’s unlikely to do anything that would curtail exports from OPEC’s fourth-biggest producer. As veteran oil market watcher Fereidun Fesharaki told Bloomberg TV today, there might be a temporary interruption to flows if the regime in Tehran is overthrown, but there’s little danger of supplies being lost for a lengthy period. On Venezuela, while there’s skepticism over whether its oil production can be rebuilt significantly over the longer term, the market expects Trump’s self-interest to keep supplies flowing for the time being. The White House’s intervention in the Latin American country has so far been positive for US markets. The share prices of Chevron Corp. and Gulf Coast refiners have surged, while some oil-product prices have dipped. So while all of the tanker seizures, threats and military adventurism are dr...
The Trump administration will send hundreds of additional federal agents to Minnesota. And, here are the figure skaters who will represent Team USA in the Olympics. (Image credit: Etienne Laurent)
The Trump administration will send hundreds of additional federal agents to Minnesota. And, here are the figure skaters who will represent Team USA in the Olympics. (Image credit: Etienne Laurent)