Solid Execution with Record CFO Despite Fuze Migration and FX Headwinds to Sort Out Before 8x8 Can Break on Through to the Other Side…of Growth - February 5, 2025

Asset Manager Update After Recent Market Volatility, Reiterate DBRG and ABL as 2025 Top Picks - April 9, 2025

Taiwan March Sales Rise, Helped by AI Strength and Believed Pre-Tariff US PC Shipments with AOSL and SIMO Levered - April 10, 2025

If You Build It, You Need Heavy Equipment: Diversified Industrials Coverage Transfer: NPKI, ALTG Are Our Top Picks; Transferring FSTR, TITN at Neutral - March 26, 2025

Education Coverage Transfer: Opportunities in Career-Focused Education Stocks— Transferring Coverage of APEI, LINC, and UTI at Buy - March 27, 2025

Margins Improve as Manufacturing Strategy Bears Fruit, Commercial Progress Continues; Maintain Buy, Lifting Price Target from $5 to $6 - March 21, 2025

4Q24 Headline Beat, Securitizations Continue to Perform; Reiterate Neutral, $12 PT - March 4, 2025

Pursues Cloud Services Sale as Lease Remains in the Works - April 15, 2025

Lowering PT from $35 to $22 as Aspen Confronts Macro Obstacles, We Believe Positioning and Market Opportunity Remain Compelling; Maintain Buy - February 19, 2025

Accelerates European Commercialization with Vodafone Joint Venture - March 5, 2025

Consumer Credit Outlook 2025: Consumers Better Positioned in Current Rate and Lending Environment Than Recent Stock Price Action Suggests - March 24, 2025

Optical Component Stocks Did Not Fare Well During the Great Recession of 2008 - April 16, 2025

4Q24 Results Second Take: PT Decreases From $100 to $80, But Retain Buy Rating - February 11, 2025

4Q Review: InP to Be Impacted by China Export Restrictions in 1Q; Incrementally Positive Growth Drivers with HBT; Reiterate Buy, PT from $5.50 to $6.00 - February 21, 2025

Light 4Q Rev./AEBITDA; 1Q/FY25 Guide Below; CDS Software Update Headwind into 1Q; New CEO Focus Reaccel. Doc Adds; Lower Ests., PT $10 to $9; Retain Buy - March 13, 2025

Updating Estimates & PTs for Digital Miners Ahead of 4Q Results - February 12, 2025

Updating Estimates & PTs for Digital Miners Ahead of 4Q Results - February 12, 2025

Infrastructure Planning Is Seeing Steady Growth Despite Market Uncertainties; Maintain Buy, $33 PT - April 4, 2025

4Q24 Halfway Earnings Wrap: ABL, DBRG, RC, VCTR in Focus - February 26, 2025

Investor Day Supports Long-Term Growth and ROE Outlook; Reiterate Buy, $20 PT - April 7, 2025

Solid 1Q, Despite Anniversary of Mktg. Shift; New CL Releases 5/1; Onshoring Paying Off; Fluid Macro & Price-Point Are Knowns; Adj. Ests., Reit. Buy, $38 PT - April 11, 2025

CDZI Looks to Close LLC Funding Loop - March 30, 2025

Record 4Q Exceeded, FY25 Guide Excludes Carr's Acquisition & Reflects Potential Lumpiness/Procurement Delays due to DOGE; Adjusting Ests; Reit. Buy, $48 PT - March 12, 2025

Updating Estimates & PTs for Digital Miners Ahead of 4Q Results - February 12, 2025

Internet AI Pulse: ChatGPT Preps More Models Leading Up to GPT-5; Delta's Commentary Points to Weaker U.S. Travel - April 14, 2025

4Q Above; Acquisition of Alani Nu - An Infusion of Energy for Growth; PT $44 to $49; Reit. Buy - February 21, 2025

Reports Strong 4Q Results and Positive Update on Russian Imports; Maintain Buy, Raising Price Target from $126 to $134 - February 10, 2025

Weekly M2M—Base Metals, Met Coal, Steel, Precious Metals; Updating Estimates for TECK.B-CA, UAMY; Raising UAMY PT from $3 to $5 - April 15, 2025

US Trade Tariff Second Take: Company Checks Insights Await Reporting Season as SOX Sell-Off Nears Historically Harsh Global Recession Levels; Bottom May Be Near, but Still Early to Make that Call - April 7, 2025

Completes Solid 2024; Arculus Has First Quarter of Net Contribution in 4Q; Lowering PT from $23 to $17 to Account for RHLD Spin-off; Reiterate Buy - March 6, 2025

Weekly M2M—Base Metals, Met Coal, Steel, Precious Metals; Updating Estimates for TECK.B-CA, UAMY; Raising UAMY PT from $3 to $5 - April 15, 2025

US Trade Tariff First Take: Concerns Rise Incrementally Lower End Demand, Higher Input Cost Risks Could Weigh on Upcoming Reporting Season's Outlooks for Some Covered Semi and Semi Cap Co's - April 3, 2025

Consumer Credit Outlook 2025: Consumers Better Positioned in Current Rate and Lending Environment Than Recent Stock Price Action Suggests - March 24, 2025

DEFI-CA Reports 4Q; Guides 2025 Revenue Above Consensus, Driven by Solid AUM Growth Monetization and Tuck-in Acquisition; Reit. Buy and C$6 PT - April 1, 2025

Two Healthcare REIT Stories Impacted by Refinancing Expectations—Transferring Coverage of DHC at Buy and GMRE at Neutral - April 2, 2025

Betting on an Undervalued Cash-Flow Machine with Optionality in the Digital Gaming Industry—Transferring Coverage at Buy, $23 PT - February 24, 2025

Hold my Agave: Terronera Brings Low-Cost Silver to the Party; Updating Estimates for 2Q Results; Maintain Buy, PT from $6 to $5 - August 7, 2024

Providing Fuel to the Energy Transition—Initiating Coverage at Buy, $9 PT - April 17, 2024

4Q Misses, 2024 Guidance Maintained as Energy Recovery Eyes Near-Term Rollout of Second Generation CO2 Product; Maintain Buy, PT from $23 to $22 - February 22, 2024

Virtual Analyst Day Highlights Multiple High-Margin Products with Near-Term Revenue Acceleration Potential; Reiterate Buy, PT from $21 to $24 - March 19, 2025

Investor Meetings Highlight Strong Execution Amid Sustained Auto Insurance Recovery; Reiterate Buy, $35 PT - March 10, 2025

Revising Estimates Lower for 2025 Outlook; Maintain Buy, PT from $11 to $9 - March 11, 2025

Private Company

Private Company

Modest 4Q Miss and Much More Meaningful 1Q Guide-Down; Downgrade From Buy To Neutral, PT From $64 To $34 - February 6, 2025

4Q Review: Signs of Model Stability Emerging, Demand Pressures Keep Us on the Sidelines; Reiterate Neutral, PT from $32 to $30 - February 24, 2025

Reports Mixed 4Q24 Sales and EPS, but Signals Ongoing Confidence in 5G's 2H25 Ramp Potential; Retain $5 PT and Buy - March 26, 2025

Solid Positioning for a Tough 1H25; Maintain Buy, $30 PT - February 20, 2025

Unlocking GENI's Growth Playbook: How Exclusive Data Rights and Partnerships are Reshaping the Global Sports Industry—Transferring Coverage at Buy, $12 PT - March 17, 2025

GSAT on Track with Apple, Constellations Refresh and Build; Terrestrial Spectrum, Networking on Monetization Cusp - February 28, 2025

GDEN: Re-energized on the Setup; Reiterate Buy, $40 PT - November 8, 2024

Contextualizing FDA and Tariff Risks Amid Persistent Biopharma Industry Uncertainty; Reiterate High Conviction Buys on HROW, MDGL and TGTX - April 14, 2025

Time to Revisit HPC Upside: Updating Estimates & PTs for Digital Miners Ahead of 1Q Results - April 28, 2025

2024 Was a Tough Year with a Challenging 1Q25 Comp Ahead, Although Y/Y Growth Could Resume in 2H; Reduce PT from $6.50 to $6.00, Maintain Neutral - March 7, 2024

ASML 1Q above Consensus and 2Q Fractionally Better, but Downside Orders in Retained CY25&30 Views Dent Shares; See Cap Eqp Laterals Modestly Negative NT, but Modestly Positive LT - April 16, 2025

US Trade Tariff Second Take: Company Checks Insights Await Reporting Season as SOX Sell-Off Nears Historically Harsh Global Recession Levels; Bottom May Be Near, but Still Early to Make that Call - April 7, 2025

From Pubs to Pixels: Dual-Engine Business Model Provides Stability and Growth— Transferring Coverage at Buy, $13 PT - April 7, 2025

Negative Sentiment Continues to Weigh on Tanker Stocks Despite Solid Fundamentals; Lowering Price Targets but Maintaining Buy Ratings - April 8, 2025

See Resilient, Disruptive Space & Defense Platforms as Relative Winners in a Chaotic Global Economic Environment - April 16, 2025

Expanding the Horizon: IREN HPC-Ready in 2H25; Maintain Buy, PT from $19 to $21 - February 13, 2025

Biopharma 1Q25 Summary: Flight to Safety Also Being Realized by an Expanding Basket of Revenue-stage SMiD Caps Largely Immune to Higher Risk Catalysts - April 4, 2025

A Tough Quarter but a Better 2025 Outlook; Lowering PT from $65 to $55, Maintain Buy - February 28, 2025

Reset Underway, Execution Still Required—Transferring Coverage at Neutral, $26 PT - May 15, 2025

4Q24 Review: Top- and Bottom-Line Beats with Strong FY25 Guidance; Reiterate Buy, $12 PT - March 11, 2025

Education Coverage Transfer: Opportunities in Career-Focused Education Stocks— Transferring Coverage of APEI, LINC, and UTI at Buy - March 27, 2025

Revisiting High Conviction Names Amid Rapidly Evolving Tariff Landscape - April 10, 2025

Transferring Coverage of Specialty Contractors and Engineering & Construction Companies with a Positive View; Looking at Strong Backlogs Entering 2025 - March 18, 2025

Marine Coverage Transfer: Cautious Amid Choppy Retail Environment, HZO is Our Top Boat Pick, Transfer BC, MBUU, MCFT at Neutral - February 12, 2025

Memorialization & SGK Post In-line Results While Industrial Should Benefit from Favorable Arbitration Decision; Maintain Buy, $40 PT - February 10, 2025

MIR 1Q25 Preview: Tariff Impact Likely Limited, Adjust PT from $19 to $17 As Peer Industrials' Valuation Multiple Decreased Amid Investment Uncertainty - April 15, 2025

Major $180M Data Center Cooling Order from New Customer Reaffirms Strong Demand Environment & MOD's Ability to Win in the Space; Reiterate Buy, $155 PT - February 28, 2025

4Q AEBITDA Above, Sales Below; Strong SG&A Mgmt. Driving AEBITDA; 4Q Orders Up 14%, 1Q Solid Start; Affirmed FY28 Targets; Adj. Ests; Reit. Buy, $200 PT - February 14, 2025

Lights, Camera, Action! Transferring Coverage of the Exhibitor Stocks - May 15, 2025

NDR Insights: Global Cashless Commerce Catalyst Provides NYAX with a Large Untapped Opportunity for Sustainable, Industry-leading Growth - March 24, 2025

Serving Domestic Growth Markets with a Strong Value Proposition; Maintain Buy, $11 PT - April 10, 2025

Balance Sheet Strengthened, Looking for New Project Announcement as NuScale Readies for Commercialization - March 4, 2025

Selected by Department of Defense to be Eligible to Deploy Microreactors on Military Installations - April 11, 2025

TSMC's Stable Print, C25& LT Guide, and Reiterated Capex Offer More AI and Other CY25 Positives than Negatives for Semi's And Semi Caps in Our View. - April 17, 2025

Internet AI Pulse: ChatGPT Preps More Models Leading Up to GPT-5; Delta's Commentary Points to Weaker U.S. Travel - April 14, 2025

OPRT and Activist Findell Capital Back and Forth Is Good for Shareholders, in Our View, Brings Awareness to Ongoing Turnaround and Compelling Valuation; Reit. Buy, $11 PT - March 31, 2025

4Q24 Review: Strong Top- and Bottom-line Beats, FY25 Guidance Above Consensus; Reiterating Buy Rating and $13 PT - March 12, 2025

Shares Dip on a Short Report Alleging OSI Systems Has Fallen Behind on Key Mexico Contract Deliveries; Sticking to Our Guns—Reiterate Buy, $221 PT - March 14, 2025

Consumer Credit Outlook 2025: Consumers Better Positioned in Current Rate and Lending Environment Than Recent Stock Price Action Suggests - March 24, 2025

Weekly M2M—Base Metals, Met Coal, Steel, Precious Metals; Updating Estimates for TECK.B-CA, UAMY; Raising UAMY PT from $3 to $5 - April 15, 2025

4Q24 Review: Slight Top- and Bottom-line Beats, Shifting Focus from Growth to Profitability; Reiterate Buy and $7 PT - March 12, 2025

Strong End to 2024 and Solid Guidance for 2025; Shares of PRTH Have Significant Upside to Fair Value; Reiterate Buy, $16 PT - March 7, 2025

Revisiting High Conviction Names Amid Rapidly Evolving Tariff Landscape - April 10, 2025

Weekly M2M—Base Metals, Met Coal, Steel, Precious Metals; Updating Estimates for TECK.B-CA, UAMY; Raising UAMY PT from $3 to $5 - April 15, 2025

NDR Takeaways: Ample Runway Ahead with a Barbell Growth Strategy and SaaS-like Visibility; Reiterate Buy, $46 PT - March 11, 2025

Internet AI Pulse: ChatGPT Preps More Models Leading Up to GPT-5; Delta's Commentary Points to Weaker U.S. Travel - April 14, 2025

See Resilient, Disruptive Space & Defense Platforms as Relative Winners in a Chaotic Global Economic Environment - April 16, 2025

Reservoir Beats and Raises as Robust M&A Sets Stage for Faster Future Growth; Increase Estimates, Reiterate Buy, $12.50 PT - February 5, 2025

Optical Component Stocks Did Not Fare Well During the Great Recession of 2008 - April 16, 2025

US Trade Tariff First Take: Concerns Rise Incrementally Lower End Demand, Higher Input Cost Risks Could Weigh on Upcoming Reporting Season's Outlooks for Some Covered Semi and Semi Cap Co's - April 3, 2025

All Hands on HPC; Riot to Leverage Existing Scale - February 25, 2025

Near-Seasonal Taiwan February Sales Sustain Recent Fundamental Divergence, as SOX More Materially Enters Correction Territory - March 11, 2025

Negative Sentiment Continues to Weigh on Tanker Stocks Despite Solid Fundamentals; Lowering Price Targets but Maintaining Buy Ratings - April 8, 2025

Weekly M2M—Base Metals, Met Coal, Steel, Precious Metals; Updating Estimates for TECK.B-CA, UAMY; Raising UAMY PT from $3 to $5 - April 15, 2025

Consumer Credit Outlook 2025: Consumers Better Positioned in Current Rate and Lending Environment Than Recent Stock Price Action Suggests - March 24, 2025

TSMC's Stable Print, C25& LT Guide, and Reiterated Capex Offer More AI and Other CY25 Positives than Negatives for Semi's And Semi Caps in Our View - April 17, 2025

Results In-Line and Guidance Below, Yet Strong New Customer Adds a Future Growth Bright Spot; PT from $17 to $16, Retain Buy Rating - March 6, 2025

1Q25 Preview: Trimming mREIT EPS and Price Targets on Market Volatility, but Upgrading AOMR from Neutral to Buy After Recent Sell-Off - April 21, 2025

Internet AI Pulse: Google Ad Tech Deemed Monopoly by Court; Opera Expands AI Assistant Across Emerging Market Base - April 21, 2025

Investor Day Take-Aways; Ambitious 5-Yr Targets, AEBITDA Mgn. Expansion, Simplifying Cap Structure; AI/Cloud, SMC Strong; Undervalued; Reit. Buy, $10 PT - April 3, 2025

Ad Tech Earnings Previews: Anticipate Solid 1Q25 Trends; Focus Shifts to Potential Downstream Impacts from Evolving Tariff Landscape in 2Q25 and 2H25 - April 21, 2025

Reports 4Q24 Beat and Provides Mixed 1Q25 Guidance; Key Assumptions for 2025 Rebound Appear Intact; Maintain Buy, Lowering PT from $5.00 to $4.50 - March 10, 2025

Updating Estimates & PTs for Digital Miners Ahead of 4Q Results - February 12, 2025

Strong 4Q, See Favorable Beat/Raise Setup for 2025; Reiterate Buy, PT from $7.00 to $7.50 - February 27, 2025

New CEO Implementing Changes; Focus on Marketing/Conversion/Patient Experience, Refranchising, Reacquiring RD rights; Franchise Only; Maint. Buy, $20 PT - March 14, 2025

Reports 4Q24 Beat and Issues Solid FY25 Guidance; SaaS Segment Appears Substantially Undervalued Ahead of Key Inflection Points; Reiterate Buy, $30 PT - February 27, 2025

Solid 4Q, Ultimate Impact from Tariffs Key to 2025; Reit. Buy, $4 PT - March 7, 2025

Model Update; Trucking Recession Seems Over; A Long Path Back to Recover EPS Power; Reiterate Neutral, $65 PT - February 4, 2025

Internet AI Pulse: Google Ad Tech Deemed Monopoly by Court; Opera Expands AI Assistant Across Emerging Market Base - April 21, 2025

Transferring Coverage of Specialty Contractors and Engineering & Construction Companies with a Positive View; Looking at Strong Backlogs Entering 2025 - March 18, 2025

Weekly M2M—Base Metals, Met Coal, Steel, Precious Metals; Updating Estimates for TECK.B-CA, UAMY; Raising UAMY PT from $3 to $5 - April 15, 2025

Aviation Pure Play w/Organic & M&A Growth; Acqs. Ramping, New Programs; Excellent Execution; Strong FY25 Guidance; Adj. Ests., PT $132 to $145; Reit. Buy - February 28, 2025

4Q AEBITDA Shortfall; 1Q Guide Below; Margin/Opex Pressure; Reducing Expenses; China Acquisition Ahead; Lowering Estimates, PT from $58 to $55; Maint. Buy - February 26, 2025

4Q +AUV/Comps; However, Service, Equip., Merch. Decline, Litigation; Financial Restatements; Much Work Ahead; Lowering Ests., PT $12 to $9; Maint. Neutral - March 14, 2025

Internet AI Pulse: Google Ad Tech Deemed Monopoly by Court; Opera Expands AI Assistant Across Emerging Market Base - April 21, 2025

Revisiting High Conviction Names Amid Rapidly Evolving Tariff Landscape - April 10, 2025

1Q25 Review: Mixed Results Demonstrate Continued Ability to Outperform Peers and Improve Profitability Despite Top-Line Decline; Reiterate Buy, $16 PT - May 9, 2025