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MarcyMarc

MarcyMarc

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2021-06-01

You’re a dreamer mate if you think apple is gonna drop below $90. What a joker

Apple Stock To Sink 30%? Inside The Mind Of A Bear

2021-08-26

Nice

This could be Apple's next $20 billion business

2021-03-10

$Exxon Mobil(XOM)$?

2021-06-29

O

Sorry, the original content has been removed

2021-06-30

Yep

Sorry, the original content has been removed

2021-06-29

Buy $$

2021-06-29

Haha

Paysafe: One Payments Firm To Pass On For Now

2021-06-17

O

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Go to Tiger App to see more news

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Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1629949920,"share":"https://ttm.financial/m/news/2162525350?lang=en_US&edition=fundamental","pubTime":"2021-08-26 11:52","market":"us","language":"en","title":"This could be Apple's next $20 billion business","url":"https://stock-news.laohu8.com/highlight/detail?id=2162525350","media":"Dow Jones","summary":"An analyst sees Apple rapidly growing its advertising business at a similar trajectory to what Amazo","content":"<p>An analyst sees Apple rapidly growing its advertising business at a similar trajectory to what Amazon showed a few years back</p>\n<p>Apple Inc. could turn advertising into its next $20 billion business as the company ramps up its offerings and clamps down on ad targeting by third parties.</p>\n<p>That's according to estimates from Evercore ISI analyst Amit Daryanani, who pegged Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> advertising business as an \"underappreciated\" part of the company's story and <a href=\"https://laohu8.com/S/AONE.U\">one</a> with the potential for big growth over the coming years. The advertising business could reach $20 billion in revenue by 2025, he posits, up from perhaps $2 billion currently.</p>\n<p>Advertising represents a high-margin revenue stream for Apple. By 2025, ad revenue could constitute about 17% of Apple's services revenue and about 5% of total revenue, but 9% of earnings per share, by Daryanani's math.</p>\n<p>Daryanani rates Apple's stock outperform, with a $180 price target. The stock slipped 0.8% in midday trading Wednesday. It has rallied 16.9% over the past three months, while the Dow Jones Industrial Average has gained 3.4%.</p>\n<p>The smartphone giant's current advertising revenue mainly comes from App Store search, according to Daryanani, and he sees opportunities for the company to turn the App Store into more of a \"content discovery\" vehicle versus a \"content delivery\" one. He pointed to the company's launch of search ads in China earlier this year and the potential for increasing ad loads as ways that Apple can increase its advertising revenue organically.</p>\n<p>There are also new opportunities that Apple could tap, modeled off of successful endeavors by other companies in the digital ad world. <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a>. (ROKU) offers a \"reasonable precedent\" for the ways that Apple could monetize its Apple TV installed base, and Alphabet Inc.'s <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>(GOOGL) Google \"is likely generating few billion dollars\" from Google Maps advertisements, Daryanani wrote. Apple could try similar tactics with Apple Maps.</p>\n<p>On the whole, Google looks poised to generate more than $200 billion in advertising revenue this year, he continued, and while Apple is unlikely to \"compete with Google's scale anytime soon,\" the size of Google's ad business gives him more confidence in his $20 billion estimate for Apple come 2025. He also noted that Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> grew advertising revenue to about $21 billion in 2020 from roughly $3 billion in 2016, suggesting Apple could achieve a \"similar trajectory.\"</p>\n<p>As Apple grows its own ad business, the company has taken steps to shake up the broader digital ad space, most notably through its App Tracking Transparency efforts. This makes it so third parties need to obtain consumer permission before tracking their broader online activities. Many users appear to be opting out of having their activity monitored in this way, according to early estimates.</p>\n<p>Apple positions App Tracking Transparency as a privacy-focused effort, and while Daryanani acknowledges that it \"certainly does help in that arena,\" he also said that there could be a more \"Machiavellian\" or \"nuanced\" way to view these efforts: By making it more difficult for third-party apps to target users on iOS devices, those companies may be tempted to spend more money on Apple's own advertising products.</p>\n<p>He pointed to recent comments from Zynga Inc. <a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>, which has been negatively impacted by the privacy changes. \"We're now testing and actually spending money with Apple to acquire users because...one of the things they're doing under the hood is they're building their own ad tech capabilities,\" Zynga Chief Financial Officer James Griffin said at a KeyBanc conference earlier this month.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This could be Apple's next $20 billion business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis could be Apple's next $20 billion business\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-08-26 11:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>An analyst sees Apple rapidly growing its advertising business at a similar trajectory to what Amazon showed a few years back</p>\n<p>Apple Inc. could turn advertising into its next $20 billion business as the company ramps up its offerings and clamps down on ad targeting by third parties.</p>\n<p>That's according to estimates from Evercore ISI analyst Amit Daryanani, who pegged Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> advertising business as an \"underappreciated\" part of the company's story and <a href=\"https://laohu8.com/S/AONE.U\">one</a> with the potential for big growth over the coming years. The advertising business could reach $20 billion in revenue by 2025, he posits, up from perhaps $2 billion currently.</p>\n<p>Advertising represents a high-margin revenue stream for Apple. By 2025, ad revenue could constitute about 17% of Apple's services revenue and about 5% of total revenue, but 9% of earnings per share, by Daryanani's math.</p>\n<p>Daryanani rates Apple's stock outperform, with a $180 price target. The stock slipped 0.8% in midday trading Wednesday. It has rallied 16.9% over the past three months, while the Dow Jones Industrial Average has gained 3.4%.</p>\n<p>The smartphone giant's current advertising revenue mainly comes from App Store search, according to Daryanani, and he sees opportunities for the company to turn the App Store into more of a \"content discovery\" vehicle versus a \"content delivery\" one. He pointed to the company's launch of search ads in China earlier this year and the potential for increasing ad loads as ways that Apple can increase its advertising revenue organically.</p>\n<p>There are also new opportunities that Apple could tap, modeled off of successful endeavors by other companies in the digital ad world. <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a>. (ROKU) offers a \"reasonable precedent\" for the ways that Apple could monetize its Apple TV installed base, and Alphabet Inc.'s <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>(GOOGL) Google \"is likely generating few billion dollars\" from Google Maps advertisements, Daryanani wrote. Apple could try similar tactics with Apple Maps.</p>\n<p>On the whole, Google looks poised to generate more than $200 billion in advertising revenue this year, he continued, and while Apple is unlikely to \"compete with Google's scale anytime soon,\" the size of Google's ad business gives him more confidence in his $20 billion estimate for Apple come 2025. He also noted that Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> grew advertising revenue to about $21 billion in 2020 from roughly $3 billion in 2016, suggesting Apple could achieve a \"similar trajectory.\"</p>\n<p>As Apple grows its own ad business, the company has taken steps to shake up the broader digital ad space, most notably through its App Tracking Transparency efforts. This makes it so third parties need to obtain consumer permission before tracking their broader online activities. Many users appear to be opting out of having their activity monitored in this way, according to early estimates.</p>\n<p>Apple positions App Tracking Transparency as a privacy-focused effort, and while Daryanani acknowledges that it \"certainly does help in that arena,\" he also said that there could be a more \"Machiavellian\" or \"nuanced\" way to view these efforts: By making it more difficult for third-party apps to target users on iOS devices, those companies may be tempted to spend more money on Apple's own advertising products.</p>\n<p>He pointed to recent comments from Zynga Inc. <a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>, which has been negatively impacted by the privacy changes. \"We're now testing and actually spending money with Apple to acquire users because...one of the things they're doing under the hood is they're building their own ad tech capabilities,\" Zynga Chief Financial Officer James Griffin said at a KeyBanc conference earlier this month.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","AAPL":"苹果","GOOGL":"谷歌A"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162525350","content_text":"An analyst sees Apple rapidly growing its advertising business at a similar trajectory to what Amazon showed a few years back\nApple Inc. could turn advertising into its next $20 billion business as the company ramps up its offerings and clamps down on ad targeting by third parties.\nThat's according to estimates from Evercore ISI analyst Amit Daryanani, who pegged Apple's $(AAPL)$ advertising business as an \"underappreciated\" part of the company's story and one with the potential for big growth over the coming years. The advertising business could reach $20 billion in revenue by 2025, he posits, up from perhaps $2 billion currently.\nAdvertising represents a high-margin revenue stream for Apple. By 2025, ad revenue could constitute about 17% of Apple's services revenue and about 5% of total revenue, but 9% of earnings per share, by Daryanani's math.\nDaryanani rates Apple's stock outperform, with a $180 price target. The stock slipped 0.8% in midday trading Wednesday. It has rallied 16.9% over the past three months, while the Dow Jones Industrial Average has gained 3.4%.\nThe smartphone giant's current advertising revenue mainly comes from App Store search, according to Daryanani, and he sees opportunities for the company to turn the App Store into more of a \"content discovery\" vehicle versus a \"content delivery\" one. He pointed to the company's launch of search ads in China earlier this year and the potential for increasing ad loads as ways that Apple can increase its advertising revenue organically.\nThere are also new opportunities that Apple could tap, modeled off of successful endeavors by other companies in the digital ad world. Roku Inc. (ROKU) offers a \"reasonable precedent\" for the ways that Apple could monetize its Apple TV installed base, and Alphabet Inc.'s $(GOOGL)$(GOOGL) Google \"is likely generating few billion dollars\" from Google Maps advertisements, Daryanani wrote. Apple could try similar tactics with Apple Maps.\nOn the whole, Google looks poised to generate more than $200 billion in advertising revenue this year, he continued, and while Apple is unlikely to \"compete with Google's scale anytime soon,\" the size of Google's ad business gives him more confidence in his $20 billion estimate for Apple come 2025. He also noted that Amazon.com Inc. $(AMZN)$ grew advertising revenue to about $21 billion in 2020 from roughly $3 billion in 2016, suggesting Apple could achieve a \"similar trajectory.\"\nAs Apple grows its own ad business, the company has taken steps to shake up the broader digital ad space, most notably through its App Tracking Transparency efforts. This makes it so third parties need to obtain consumer permission before tracking their broader online activities. Many users appear to be opting out of having their activity monitored in this way, according to early estimates.\nApple positions App Tracking Transparency as a privacy-focused effort, and while Daryanani acknowledges that it \"certainly does help in that arena,\" he also said that there could be a more \"Machiavellian\" or \"nuanced\" way to view these efforts: By making it more difficult for third-party apps to target users on iOS devices, those companies may be tempted to spend more money on Apple's own advertising products.\nHe pointed to recent comments from Zynga Inc. $(ZNGA)$, which has been negatively impacted by the privacy changes. \"We're now testing and actually spending money with Apple to acquire users because...one of the things they're doing under the hood is they're building their own ad tech capabilities,\" Zynga Chief Financial Officer James Griffin said at a KeyBanc conference earlier this month.","news_type":1,"symbols_score_info":{"GOOG":0.9,"GOOGL":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":919,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153236495,"gmtCreate":1625026535017,"gmtModify":1703850442055,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574486316260209","authorIdStr":"3574486316260209"},"themes":[],"htmlText":"Yep","listText":"Yep","text":"Yep","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153236495","repostId":"2147585034","repostType":4,"isVote":1,"tweetType":1,"viewCount":1099,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159614987,"gmtCreate":1624962079249,"gmtModify":1703848899377,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574486316260209","authorIdStr":"3574486316260209"},"themes":[],"htmlText":"Buy $$","listText":"Buy $$","text":"Buy $$","images":[{"img":"https://static.tigerbbs.com/23fe58a34f77ede65dad592912c6be86","width":"1125","height":"3005"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159614987","isVote":1,"tweetType":1,"viewCount":1098,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":159611198,"gmtCreate":1624961624914,"gmtModify":1703848892195,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574486316260209","authorIdStr":"3574486316260209"},"themes":[],"htmlText":"Haha&nbsp;","listText":"Haha&nbsp;","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159611198","repostId":"1176831724","repostType":4,"repost":{"id":"1176831724","kind":"news","pubTimestamp":1624954612,"share":"https://ttm.financial/m/news/1176831724?lang=en_US&edition=fundamental","pubTime":"2021-06-29 16:16","market":"us","language":"en","title":"Paysafe: One Payments Firm To Pass On For Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1176831724","media":"seekingalpha","summary":"Summary\n\nPaysafe rallied to $12 based on inclusion in the Russell 3000 and Reddit mentions.\nThe paym","content":"<p><b>Summary</b></p>\n<ul>\n <li>Paysafe rallied to $12 based on inclusion in the Russell 3000 and Reddit mentions.</li>\n <li>The payments company is stuck with 10% growth despite the growth in the U.S. iGaming market.</li>\n <li>The stock trades at 23x '21 EV/EBITDA targets due to a $2 billion debt load.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81a2561d10af7378c66d977c2bf5862d\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>shulz/E+ via Getty Images</span></p>\n<p>The fintech space remains red hot, but&nbsp;<b>Paysafe Limited</b>&nbsp;(PSFE) is one such company lacking the growth typical of the sector. The company is focused on payments in the iGaming space, but Paysafe just reported underwhelming&nbsp;Q1 results. My investment thesis is Neutral on the stock, but the iGaming sector keeps us interested in watching the story here for the long term.</p>\n<p><b>Underwhelming Q1</b></p>\n<p>Paysafe completed the&nbsp;business combination&nbsp;with the Foley Trasimene Acquisition Corp. II SPAC back on March 30. The stock originally traded as high as $19 on excitement over the growth potential of payments in the iGaming sector, but the company had meager guidance. Recently, Paysafe fell as low as $10 following weak numbers with the Q1 report.</p>\n<p>For Q1, the fintech reported revenues beat estimates by $11 million, but Paysafe only reported 4.9% revenue growth. The adjusted EBITDA number was flat at $113 million while payments volume did grow by 8% to $28 billion.</p>\n<p>The company reaffirmed guidance for 2021, but the market likely expected a number hike. Paysafe forecasts revenue of $1,540 million for only 10% growth over last year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe39c5190f168da3f52950256c0df60c\" tg-width=\"640\" tg-height=\"176\"><span>Source: PaysafeQ1'21 earnings release</span></p>\n<p>The company has set a goal for 10%+ annualized organic revenue growth, but the market likely hoped this number was very conservative rather than actual results confirming this reality. The stock already has a market cap of ~$9 billion and an enterprise value of nearly $11 billion based on $2 billion in debt with Paysafe trading up at $12. The stock trades at an EV of nearly 23x the adjusted EBITDA target for 2021.</p>\n<p>Considering Paysafe already has 32% EBITDA margins, the story is far more mature than most SPAC stocks and maybe not what one expected of a payments company targeting the hot iGaming space with a digital wallet involved in the crypto space. The stock got a nice rally over the last few weeks due to the&nbsp;inclusion in the Russell 3000&nbsp;and some mentions from the Reddit crowd, so investors should steer clear here above $12 outside of short-term trade reasons.</p>\n<p><b>iGaming Payments Growth</b></p>\n<p>The company plays in all of the hot sectors with a payments platform focused on sports betting, online casinos, eSports and fantasy sports. Paysafe has a digital wallet that works withDraftKings(NASDAQ:DKNG)and bet365 while the eCash network works with Fortnite and Twitch, but most of the business is in the Integrated Processing payments segment where the take rate was only 1.1% last year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/010ad43a352ec4ef93ded009a701449a\" tg-width=\"640\" tg-height=\"315\"><span>Source: Paysafe2021 investor day</span></p>\n<p>The U.S. iGaming market is growing at a 55% clip, but Paysafe is involved more in the online commerce market with growth closer to a 10% rate. Right now, the Europe and ROW segments have payments volumes up to 10x the U.S. market, but this segment is far more mature having launched all the way back in 1999.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fcdc7bfb1551ec838f1edecc36980c0e\" tg-width=\"640\" tg-height=\"319\"><span>Source: Paysafe 2021 investor day</span></p>\n<p>The iGaming payment network is already live in 14 states in the U.S. with ~75% of the operators in those states, but the size of the market is swamped by Europe and such. Even if the U.S. iGaming payments market reaches 2025 targets of $24 billion in payment volumes, Europe and ROW is already a $78 billion payments market and will still reach nearly 3x the U.S. levels in 2025.</p>\n<p>Ultimately, the story just doesn't have the sizzle as some of the other payments stocks recently going public. Paysafe has solid 10% revenue growth ahead, but the company will have to find another catalyst to move the needle for investors in the payments space to really get excited by the story.</p>\n<p>Otherwise, Paysafe is a solid buy once the stock dips back to $10 following the recent Reddit and index inclusion rally. As the market better understands the $2 billion load, a lot of the upside could be limited.</p>\n<p><b>Takeaway</b></p>\n<p>The key investor takeaway is that Paysafe is a solid company in a growing market. Investors have to recognize the company is a 10% grower, not the 50% grower of the U.S. iGaming market due to other business operations outside of the U.S.</p>\n<p>Any more involvement in the crypto space could boost the growth story and make the stock more appealing. Investors interested in the fintech and payments space should keep Paysafe on a watch list to see how the story develops over time and possibly buy the stock on dips.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paysafe: One Payments Firm To Pass On For Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaysafe: One Payments Firm To Pass On For Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 16:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436891-paysafe-one-payments-firm-to-pass-on-for-now><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nPaysafe rallied to $12 based on inclusion in the Russell 3000 and Reddit mentions.\nThe payments company is stuck with 10% growth despite the growth in the U.S. iGaming market.\nThe stock ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436891-paysafe-one-payments-firm-to-pass-on-for-now\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSFE":"Paysafe Ltd"},"source_url":"https://seekingalpha.com/article/4436891-paysafe-one-payments-firm-to-pass-on-for-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176831724","content_text":"Summary\n\nPaysafe rallied to $12 based on inclusion in the Russell 3000 and Reddit mentions.\nThe payments company is stuck with 10% growth despite the growth in the U.S. iGaming market.\nThe stock trades at 23x '21 EV/EBITDA targets due to a $2 billion debt load.\n\nshulz/E+ via Getty Images\nThe fintech space remains red hot, but Paysafe Limited (PSFE) is one such company lacking the growth typical of the sector. The company is focused on payments in the iGaming space, but Paysafe just reported underwhelming Q1 results. My investment thesis is Neutral on the stock, but the iGaming sector keeps us interested in watching the story here for the long term.\nUnderwhelming Q1\nPaysafe completed the business combination with the Foley Trasimene Acquisition Corp. II SPAC back on March 30. The stock originally traded as high as $19 on excitement over the growth potential of payments in the iGaming sector, but the company had meager guidance. Recently, Paysafe fell as low as $10 following weak numbers with the Q1 report.\nFor Q1, the fintech reported revenues beat estimates by $11 million, but Paysafe only reported 4.9% revenue growth. The adjusted EBITDA number was flat at $113 million while payments volume did grow by 8% to $28 billion.\nThe company reaffirmed guidance for 2021, but the market likely expected a number hike. Paysafe forecasts revenue of $1,540 million for only 10% growth over last year.\nSource: PaysafeQ1'21 earnings release\nThe company has set a goal for 10%+ annualized organic revenue growth, but the market likely hoped this number was very conservative rather than actual results confirming this reality. The stock already has a market cap of ~$9 billion and an enterprise value of nearly $11 billion based on $2 billion in debt with Paysafe trading up at $12. The stock trades at an EV of nearly 23x the adjusted EBITDA target for 2021.\nConsidering Paysafe already has 32% EBITDA margins, the story is far more mature than most SPAC stocks and maybe not what one expected of a payments company targeting the hot iGaming space with a digital wallet involved in the crypto space. The stock got a nice rally over the last few weeks due to the inclusion in the Russell 3000 and some mentions from the Reddit crowd, so investors should steer clear here above $12 outside of short-term trade reasons.\niGaming Payments Growth\nThe company plays in all of the hot sectors with a payments platform focused on sports betting, online casinos, eSports and fantasy sports. Paysafe has a digital wallet that works withDraftKings(NASDAQ:DKNG)and bet365 while the eCash network works with Fortnite and Twitch, but most of the business is in the Integrated Processing payments segment where the take rate was only 1.1% last year.\nSource: Paysafe2021 investor day\nThe U.S. iGaming market is growing at a 55% clip, but Paysafe is involved more in the online commerce market with growth closer to a 10% rate. Right now, the Europe and ROW segments have payments volumes up to 10x the U.S. market, but this segment is far more mature having launched all the way back in 1999.\nSource: Paysafe 2021 investor day\nThe iGaming payment network is already live in 14 states in the U.S. with ~75% of the operators in those states, but the size of the market is swamped by Europe and such. Even if the U.S. iGaming payments market reaches 2025 targets of $24 billion in payment volumes, Europe and ROW is already a $78 billion payments market and will still reach nearly 3x the U.S. levels in 2025.\nUltimately, the story just doesn't have the sizzle as some of the other payments stocks recently going public. Paysafe has solid 10% revenue growth ahead, but the company will have to find another catalyst to move the needle for investors in the payments space to really get excited by the story.\nOtherwise, Paysafe is a solid buy once the stock dips back to $10 following the recent Reddit and index inclusion rally. As the market better understands the $2 billion load, a lot of the upside could be limited.\nTakeaway\nThe key investor takeaway is that Paysafe is a solid company in a growing market. Investors have to recognize the company is a 10% grower, not the 50% grower of the U.S. iGaming market due to other business operations outside of the U.S.\nAny more involvement in the crypto space could boost the growth story and make the stock more appealing. Investors interested in the fintech and payments space should keep Paysafe on a watch list to see how the story develops over time and possibly buy the stock on dips.","news_type":1,"symbols_score_info":{"PSFE":0.9}},"isVote":1,"tweetType":1,"viewCount":900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159613338,"gmtCreate":1624961552524,"gmtModify":1703848890583,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574486316260209","authorIdStr":"3574486316260209"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159613338","repostId":"2146388793","repostType":4,"isVote":1,"tweetType":1,"viewCount":898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163195614,"gmtCreate":1623861630038,"gmtModify":1703821891127,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574486316260209","authorIdStr":"3574486316260209"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163195614","repostId":"2143497767","repostType":4,"isVote":1,"tweetType":1,"viewCount":1004,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119465655,"gmtCreate":1622559495677,"gmtModify":1704186375946,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574486316260209","authorIdStr":"3574486316260209"},"themes":[],"htmlText":"You’re a dreamer mate if you think apple is gonna drop below $90. What a joker&nbsp;","listText":"You’re a dreamer mate if you think apple is gonna drop below $90. What a joker&nbsp;","text":"You’re a dreamer mate if you think apple is gonna drop below $90. What a joker","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/119465655","repostId":"1107522849","repostType":4,"repost":{"id":"1107522849","kind":"news","pubTimestamp":1622546178,"share":"https://ttm.financial/m/news/1107522849?lang=en_US&edition=fundamental","pubTime":"2021-06-01 19:16","market":"us","language":"en","title":"Apple Stock To Sink 30%? Inside The Mind Of A Bear","url":"https://stock-news.laohu8.com/highlight/detail?id=1107522849","media":"TheStreet","summary":"There is a new bear roaming the Apple orchard. Could Apple stock dip about 30% from current levels, as one Wall Street analyst argues?Anew bear has emerged from its cave. New Street’s Pierre Ferragu believes that Apple stock is now a sell, downgraded from his previous neutral stance, and that shares could sink by nearly 30% from current levels to only $90.The Apple Maven gets inside the mind of this Wall Street skeptic to better understand the potential risks of investing in Apple stock today.Pi","content":"<p>There is a new bear roaming the Apple orchard. Could Apple stock dip about 30% from current levels, as one Wall Street analyst argues?</p>\n<p>Anew bear has&nbsp;emerged&nbsp;from its cave. New Street’s Pierre Ferragu believes that Apple stock is now a sell, downgraded from his previous neutral stance, and that shares could sink by nearly 30% from current levels to only $90.</p>\n<p>The Apple Maven gets inside the mind of this Wall Street skeptic to better understand the potential risks of investing in Apple stock today.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd3a0c90859283b1acacd5c5258f1e15\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Wall Street bear.</span></p>\n<p><b>“12S cycle” coming up?</b></p>\n<p>New Street is effectively the only true Apple bear on Wall Street today. Famed skeptic Rod Hall, at Goldman Sachs, finally&nbsp;threw in the towel&nbsp;after the Cupertino company delivered&nbsp;a record-breaking fiscal second quarter. Wolfe Research’s Jeff Kvaal&nbsp;maintains his sell rating, but at a high price target of $125 that suggests minimal downside risk.</p>\n<p>Pierre Ferragu goes deeper. In his view, the best of Apple’s iPhone upgrade wave, the&nbsp;so-called 5G super cycle, has been left in the rearview mirror. The point was reinforced by the analyst’s views that the Cupertino company’s upcoming smartphone will probably be a “12S model” with limited updates.</p>\n<p>In addition to an underwhelming 2021 iPhone model in the pipeline, Mr. Ferragu’s bearish thesis is further illustrated by his quote below:</p>\n<blockquote>\n “The key question is how things shape up for next year, as the current super cycle has brought forward demand […] and consumers spend less on consumer electronics as the economy re-opens.”\n</blockquote>\n<p><b>Plugging some numbers</b></p>\n<p>New Street offered some figures to back up the 30% downside risk. According to the analyst, 2022 iPhone shipments would land at 190 million units, at the mid-point of the guidance range.</p>\n<p>If ASPs (average selling prices) remain elevated, as they have been in the first two quarters of fiscal 2021, the bear case points at next-year iPhone revenues of around $150 billion. At these levels, iPhone sales would have increased by a modest 5% per year through the COVID-19 crisis and pandemic recovery, against what I estimate to be nearly 20% consensus growth.</p>\n<p>Considering how relevant the iPhone still is to Apple’s financial performance (50% of total company sales in fiscal 2020), low growth prospects would likely lead to valuation compression. The double whammy would come in the form of consensus-lagging EPS, a combination of which would be needed to support New Street’s $90 share price target.</p>\n<p><b>The Apple Maven’s opinion</b></p>\n<p>One thing is clear: stock prices can swing wildly and correct sharply. Apple stock is no stranger to painful pullbacks. Shares have dipped by 40% or more from the peak (12% currently, plus the nearly 30% decline expected by New Street) several times before, as the chart below suggests.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/065aa03f398ac3a8622598724e214a02\" tg-width=\"665\" tg-height=\"398\"><span>Figure 2: Maximum drawdown in AAPL since IPO.</span></p>\n<p>But quite a bit would have to go wrong, in my opinion, for AAPL to return to $90 – levels not seen since the thick of the pandemic. From higher ASPs in 2021 to increased sales well past the peak of the stay-at-home buying spree, the iPhone seems to be experiencing a secular, not temporary increase in demand.</p>\n<p>Weakness in iPhone would likely need to come along muted results in other segments as well. In other words, Apple’s troubles would have to be broader, rather than product specific. To me, this would only be possible under two key assumptions:</p>\n<ul>\n <li>The post-pandemic “return to normal” will, indeed, cause discretionary spending to shift meaningfully away from tech devices and services – which I am skeptical about;</li>\n <li>The economy will endure a double-dip recession that cannot be remedied as well by fiscal and monetary stimuli –something that I also believe to be of low probability.</li>\n</ul>\n<p>At the end of the day, AAPL $90 is possible – just not highly likely, in my view.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock To Sink 30%? Inside The Mind Of A Bear</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock To Sink 30%? Inside The Mind Of A Bear\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-to-sink-30-inside-the-mind-of-a-bear><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There is a new bear roaming the Apple orchard. Could Apple stock dip about 30% from current levels, as one Wall Street analyst argues?\nAnew bear has emerged from its cave. New Street’s Pierre Ferragu ...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-to-sink-30-inside-the-mind-of-a-bear\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/apple-stock-to-sink-30-inside-the-mind-of-a-bear","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107522849","content_text":"There is a new bear roaming the Apple orchard. Could Apple stock dip about 30% from current levels, as one Wall Street analyst argues?\nAnew bear has emerged from its cave. New Street’s Pierre Ferragu believes that Apple stock is now a sell, downgraded from his previous neutral stance, and that shares could sink by nearly 30% from current levels to only $90.\nThe Apple Maven gets inside the mind of this Wall Street skeptic to better understand the potential risks of investing in Apple stock today.\nFigure 1: Wall Street bear.\n“12S cycle” coming up?\nNew Street is effectively the only true Apple bear on Wall Street today. Famed skeptic Rod Hall, at Goldman Sachs, finally threw in the towel after the Cupertino company delivered a record-breaking fiscal second quarter. Wolfe Research’s Jeff Kvaal maintains his sell rating, but at a high price target of $125 that suggests minimal downside risk.\nPierre Ferragu goes deeper. In his view, the best of Apple’s iPhone upgrade wave, the so-called 5G super cycle, has been left in the rearview mirror. The point was reinforced by the analyst’s views that the Cupertino company’s upcoming smartphone will probably be a “12S model” with limited updates.\nIn addition to an underwhelming 2021 iPhone model in the pipeline, Mr. Ferragu’s bearish thesis is further illustrated by his quote below:\n\n “The key question is how things shape up for next year, as the current super cycle has brought forward demand […] and consumers spend less on consumer electronics as the economy re-opens.”\n\nPlugging some numbers\nNew Street offered some figures to back up the 30% downside risk. According to the analyst, 2022 iPhone shipments would land at 190 million units, at the mid-point of the guidance range.\nIf ASPs (average selling prices) remain elevated, as they have been in the first two quarters of fiscal 2021, the bear case points at next-year iPhone revenues of around $150 billion. At these levels, iPhone sales would have increased by a modest 5% per year through the COVID-19 crisis and pandemic recovery, against what I estimate to be nearly 20% consensus growth.\nConsidering how relevant the iPhone still is to Apple’s financial performance (50% of total company sales in fiscal 2020), low growth prospects would likely lead to valuation compression. The double whammy would come in the form of consensus-lagging EPS, a combination of which would be needed to support New Street’s $90 share price target.\nThe Apple Maven’s opinion\nOne thing is clear: stock prices can swing wildly and correct sharply. Apple stock is no stranger to painful pullbacks. Shares have dipped by 40% or more from the peak (12% currently, plus the nearly 30% decline expected by New Street) several times before, as the chart below suggests.\nFigure 2: Maximum drawdown in AAPL since IPO.\nBut quite a bit would have to go wrong, in my opinion, for AAPL to return to $90 – levels not seen since the thick of the pandemic. From higher ASPs in 2021 to increased sales well past the peak of the stay-at-home buying spree, the iPhone seems to be experiencing a secular, not temporary increase in demand.\nWeakness in iPhone would likely need to come along muted results in other segments as well. In other words, Apple’s troubles would have to be broader, rather than product specific. To me, this would only be possible under two key assumptions:\n\nThe post-pandemic “return to normal” will, indeed, cause discretionary spending to shift meaningfully away from tech devices and services – which I am skeptical about;\nThe economy will endure a double-dip recession that cannot be remedied as well by fiscal and monetary stimuli –something that I also believe to be of low probability.\n\nAt the end of the day, AAPL $90 is possible – just not highly likely, in my view.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1188,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3573540190522229","authorId":"3573540190522229","name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","crmLevel":12,"crmLevelSwitch":1,"idStr":"3573540190522229","authorIdStr":"3573540190522229"},"content":"Trying to be different from consensus to get its name out. what is New Street anyway?!","text":"Trying to be different from consensus to get its name out. what is New Street anyway?!","html":"Trying to be different from consensus to get its name out. what is New Street anyway?!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323569371,"gmtCreate":1615356513893,"gmtModify":1704781596763,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574486316260209","authorIdStr":"3574486316260209"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XOM\">$Exxon Mobil(XOM)$</a>?","listText":"<a href=\"https://laohu8.com/S/XOM\">$Exxon Mobil(XOM)$</a>?","text":"$Exxon Mobil(XOM)$?","images":[{"img":"https://static.tigerbbs.com/0720ed1cbac417d00ef64d5433aa22aa","width":"1242","height":"2001"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/323569371","isVote":1,"tweetType":1,"viewCount":1202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":119465655,"gmtCreate":1622559495677,"gmtModify":1704186375946,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3574486316260209","idStr":"3574486316260209"},"themes":[],"htmlText":"You’re a dreamer mate if you think apple is gonna drop below $90. What a joker&nbsp;","listText":"You’re a dreamer mate if you think apple is gonna drop below $90. What a joker&nbsp;","text":"You’re a dreamer mate if you think apple is gonna drop below $90. What a joker","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/119465655","repostId":"1107522849","repostType":4,"repost":{"id":"1107522849","kind":"news","pubTimestamp":1622546178,"share":"https://ttm.financial/m/news/1107522849?lang=en_US&edition=fundamental","pubTime":"2021-06-01 19:16","market":"us","language":"en","title":"Apple Stock To Sink 30%? Inside The Mind Of A Bear","url":"https://stock-news.laohu8.com/highlight/detail?id=1107522849","media":"TheStreet","summary":"There is a new bear roaming the Apple orchard. Could Apple stock dip about 30% from current levels, as one Wall Street analyst argues?Anew bear has emerged from its cave. New Street’s Pierre Ferragu believes that Apple stock is now a sell, downgraded from his previous neutral stance, and that shares could sink by nearly 30% from current levels to only $90.The Apple Maven gets inside the mind of this Wall Street skeptic to better understand the potential risks of investing in Apple stock today.Pi","content":"<p>There is a new bear roaming the Apple orchard. Could Apple stock dip about 30% from current levels, as one Wall Street analyst argues?</p>\n<p>Anew bear has&nbsp;emerged&nbsp;from its cave. New Street’s Pierre Ferragu believes that Apple stock is now a sell, downgraded from his previous neutral stance, and that shares could sink by nearly 30% from current levels to only $90.</p>\n<p>The Apple Maven gets inside the mind of this Wall Street skeptic to better understand the potential risks of investing in Apple stock today.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd3a0c90859283b1acacd5c5258f1e15\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Wall Street bear.</span></p>\n<p><b>“12S cycle” coming up?</b></p>\n<p>New Street is effectively the only true Apple bear on Wall Street today. Famed skeptic Rod Hall, at Goldman Sachs, finally&nbsp;threw in the towel&nbsp;after the Cupertino company delivered&nbsp;a record-breaking fiscal second quarter. Wolfe Research’s Jeff Kvaal&nbsp;maintains his sell rating, but at a high price target of $125 that suggests minimal downside risk.</p>\n<p>Pierre Ferragu goes deeper. In his view, the best of Apple’s iPhone upgrade wave, the&nbsp;so-called 5G super cycle, has been left in the rearview mirror. The point was reinforced by the analyst’s views that the Cupertino company’s upcoming smartphone will probably be a “12S model” with limited updates.</p>\n<p>In addition to an underwhelming 2021 iPhone model in the pipeline, Mr. Ferragu’s bearish thesis is further illustrated by his quote below:</p>\n<blockquote>\n “The key question is how things shape up for next year, as the current super cycle has brought forward demand […] and consumers spend less on consumer electronics as the economy re-opens.”\n</blockquote>\n<p><b>Plugging some numbers</b></p>\n<p>New Street offered some figures to back up the 30% downside risk. According to the analyst, 2022 iPhone shipments would land at 190 million units, at the mid-point of the guidance range.</p>\n<p>If ASPs (average selling prices) remain elevated, as they have been in the first two quarters of fiscal 2021, the bear case points at next-year iPhone revenues of around $150 billion. At these levels, iPhone sales would have increased by a modest 5% per year through the COVID-19 crisis and pandemic recovery, against what I estimate to be nearly 20% consensus growth.</p>\n<p>Considering how relevant the iPhone still is to Apple’s financial performance (50% of total company sales in fiscal 2020), low growth prospects would likely lead to valuation compression. The double whammy would come in the form of consensus-lagging EPS, a combination of which would be needed to support New Street’s $90 share price target.</p>\n<p><b>The Apple Maven’s opinion</b></p>\n<p>One thing is clear: stock prices can swing wildly and correct sharply. Apple stock is no stranger to painful pullbacks. Shares have dipped by 40% or more from the peak (12% currently, plus the nearly 30% decline expected by New Street) several times before, as the chart below suggests.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/065aa03f398ac3a8622598724e214a02\" tg-width=\"665\" tg-height=\"398\"><span>Figure 2: Maximum drawdown in AAPL since IPO.</span></p>\n<p>But quite a bit would have to go wrong, in my opinion, for AAPL to return to $90 – levels not seen since the thick of the pandemic. From higher ASPs in 2021 to increased sales well past the peak of the stay-at-home buying spree, the iPhone seems to be experiencing a secular, not temporary increase in demand.</p>\n<p>Weakness in iPhone would likely need to come along muted results in other segments as well. In other words, Apple’s troubles would have to be broader, rather than product specific. To me, this would only be possible under two key assumptions:</p>\n<ul>\n <li>The post-pandemic “return to normal” will, indeed, cause discretionary spending to shift meaningfully away from tech devices and services – which I am skeptical about;</li>\n <li>The economy will endure a double-dip recession that cannot be remedied as well by fiscal and monetary stimuli –something that I also believe to be of low probability.</li>\n</ul>\n<p>At the end of the day, AAPL $90 is possible – just not highly likely, in my view.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock To Sink 30%? Inside The Mind Of A Bear</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock To Sink 30%? Inside The Mind Of A Bear\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-to-sink-30-inside-the-mind-of-a-bear><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There is a new bear roaming the Apple orchard. Could Apple stock dip about 30% from current levels, as one Wall Street analyst argues?\nAnew bear has emerged from its cave. New Street’s Pierre Ferragu ...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-to-sink-30-inside-the-mind-of-a-bear\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/apple-stock-to-sink-30-inside-the-mind-of-a-bear","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107522849","content_text":"There is a new bear roaming the Apple orchard. Could Apple stock dip about 30% from current levels, as one Wall Street analyst argues?\nAnew bear has emerged from its cave. New Street’s Pierre Ferragu believes that Apple stock is now a sell, downgraded from his previous neutral stance, and that shares could sink by nearly 30% from current levels to only $90.\nThe Apple Maven gets inside the mind of this Wall Street skeptic to better understand the potential risks of investing in Apple stock today.\nFigure 1: Wall Street bear.\n“12S cycle” coming up?\nNew Street is effectively the only true Apple bear on Wall Street today. Famed skeptic Rod Hall, at Goldman Sachs, finally threw in the towel after the Cupertino company delivered a record-breaking fiscal second quarter. Wolfe Research’s Jeff Kvaal maintains his sell rating, but at a high price target of $125 that suggests minimal downside risk.\nPierre Ferragu goes deeper. In his view, the best of Apple’s iPhone upgrade wave, the so-called 5G super cycle, has been left in the rearview mirror. The point was reinforced by the analyst’s views that the Cupertino company’s upcoming smartphone will probably be a “12S model” with limited updates.\nIn addition to an underwhelming 2021 iPhone model in the pipeline, Mr. Ferragu’s bearish thesis is further illustrated by his quote below:\n\n “The key question is how things shape up for next year, as the current super cycle has brought forward demand […] and consumers spend less on consumer electronics as the economy re-opens.”\n\nPlugging some numbers\nNew Street offered some figures to back up the 30% downside risk. According to the analyst, 2022 iPhone shipments would land at 190 million units, at the mid-point of the guidance range.\nIf ASPs (average selling prices) remain elevated, as they have been in the first two quarters of fiscal 2021, the bear case points at next-year iPhone revenues of around $150 billion. At these levels, iPhone sales would have increased by a modest 5% per year through the COVID-19 crisis and pandemic recovery, against what I estimate to be nearly 20% consensus growth.\nConsidering how relevant the iPhone still is to Apple’s financial performance (50% of total company sales in fiscal 2020), low growth prospects would likely lead to valuation compression. The double whammy would come in the form of consensus-lagging EPS, a combination of which would be needed to support New Street’s $90 share price target.\nThe Apple Maven’s opinion\nOne thing is clear: stock prices can swing wildly and correct sharply. Apple stock is no stranger to painful pullbacks. Shares have dipped by 40% or more from the peak (12% currently, plus the nearly 30% decline expected by New Street) several times before, as the chart below suggests.\nFigure 2: Maximum drawdown in AAPL since IPO.\nBut quite a bit would have to go wrong, in my opinion, for AAPL to return to $90 – levels not seen since the thick of the pandemic. From higher ASPs in 2021 to increased sales well past the peak of the stay-at-home buying spree, the iPhone seems to be experiencing a secular, not temporary increase in demand.\nWeakness in iPhone would likely need to come along muted results in other segments as well. In other words, Apple’s troubles would have to be broader, rather than product specific. To me, this would only be possible under two key assumptions:\n\nThe post-pandemic “return to normal” will, indeed, cause discretionary spending to shift meaningfully away from tech devices and services – which I am skeptical about;\nThe economy will endure a double-dip recession that cannot be remedied as well by fiscal and monetary stimuli –something that I also believe to be of low probability.\n\nAt the end of the day, AAPL $90 is possible – just not highly likely, in my view.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1188,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3573540190522229","authorId":"3573540190522229","name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3573540190522229","idStr":"3573540190522229"},"content":"Trying to be different from consensus to get its name out. what is New Street anyway?!","text":"Trying to be different from consensus to get its name out. what is New Street anyway?!","html":"Trying to be different from consensus to get its name out. what is New Street anyway?!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810119322,"gmtCreate":1629951371266,"gmtModify":1676530182324,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3574486316260209","idStr":"3574486316260209"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810119322","repostId":"2162525350","repostType":4,"repost":{"id":"2162525350","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1629949920,"share":"https://ttm.financial/m/news/2162525350?lang=en_US&edition=fundamental","pubTime":"2021-08-26 11:52","market":"us","language":"en","title":"This could be Apple's next $20 billion business","url":"https://stock-news.laohu8.com/highlight/detail?id=2162525350","media":"Dow Jones","summary":"An analyst sees Apple rapidly growing its advertising business at a similar trajectory to what Amazo","content":"<p>An analyst sees Apple rapidly growing its advertising business at a similar trajectory to what Amazon showed a few years back</p>\n<p>Apple Inc. could turn advertising into its next $20 billion business as the company ramps up its offerings and clamps down on ad targeting by third parties.</p>\n<p>That's according to estimates from Evercore ISI analyst Amit Daryanani, who pegged Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> advertising business as an \"underappreciated\" part of the company's story and <a href=\"https://laohu8.com/S/AONE.U\">one</a> with the potential for big growth over the coming years. The advertising business could reach $20 billion in revenue by 2025, he posits, up from perhaps $2 billion currently.</p>\n<p>Advertising represents a high-margin revenue stream for Apple. By 2025, ad revenue could constitute about 17% of Apple's services revenue and about 5% of total revenue, but 9% of earnings per share, by Daryanani's math.</p>\n<p>Daryanani rates Apple's stock outperform, with a $180 price target. The stock slipped 0.8% in midday trading Wednesday. It has rallied 16.9% over the past three months, while the Dow Jones Industrial Average has gained 3.4%.</p>\n<p>The smartphone giant's current advertising revenue mainly comes from App Store search, according to Daryanani, and he sees opportunities for the company to turn the App Store into more of a \"content discovery\" vehicle versus a \"content delivery\" one. He pointed to the company's launch of search ads in China earlier this year and the potential for increasing ad loads as ways that Apple can increase its advertising revenue organically.</p>\n<p>There are also new opportunities that Apple could tap, modeled off of successful endeavors by other companies in the digital ad world. <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a>. (ROKU) offers a \"reasonable precedent\" for the ways that Apple could monetize its Apple TV installed base, and Alphabet Inc.'s <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>(GOOGL) Google \"is likely generating few billion dollars\" from Google Maps advertisements, Daryanani wrote. Apple could try similar tactics with Apple Maps.</p>\n<p>On the whole, Google looks poised to generate more than $200 billion in advertising revenue this year, he continued, and while Apple is unlikely to \"compete with Google's scale anytime soon,\" the size of Google's ad business gives him more confidence in his $20 billion estimate for Apple come 2025. He also noted that Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> grew advertising revenue to about $21 billion in 2020 from roughly $3 billion in 2016, suggesting Apple could achieve a \"similar trajectory.\"</p>\n<p>As Apple grows its own ad business, the company has taken steps to shake up the broader digital ad space, most notably through its App Tracking Transparency efforts. This makes it so third parties need to obtain consumer permission before tracking their broader online activities. Many users appear to be opting out of having their activity monitored in this way, according to early estimates.</p>\n<p>Apple positions App Tracking Transparency as a privacy-focused effort, and while Daryanani acknowledges that it \"certainly does help in that arena,\" he also said that there could be a more \"Machiavellian\" or \"nuanced\" way to view these efforts: By making it more difficult for third-party apps to target users on iOS devices, those companies may be tempted to spend more money on Apple's own advertising products.</p>\n<p>He pointed to recent comments from Zynga Inc. <a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>, which has been negatively impacted by the privacy changes. \"We're now testing and actually spending money with Apple to acquire users because...one of the things they're doing under the hood is they're building their own ad tech capabilities,\" Zynga Chief Financial Officer James Griffin said at a KeyBanc conference earlier this month.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This could be Apple's next $20 billion business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis could be Apple's next $20 billion business\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-08-26 11:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>An analyst sees Apple rapidly growing its advertising business at a similar trajectory to what Amazon showed a few years back</p>\n<p>Apple Inc. could turn advertising into its next $20 billion business as the company ramps up its offerings and clamps down on ad targeting by third parties.</p>\n<p>That's according to estimates from Evercore ISI analyst Amit Daryanani, who pegged Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> advertising business as an \"underappreciated\" part of the company's story and <a href=\"https://laohu8.com/S/AONE.U\">one</a> with the potential for big growth over the coming years. The advertising business could reach $20 billion in revenue by 2025, he posits, up from perhaps $2 billion currently.</p>\n<p>Advertising represents a high-margin revenue stream for Apple. By 2025, ad revenue could constitute about 17% of Apple's services revenue and about 5% of total revenue, but 9% of earnings per share, by Daryanani's math.</p>\n<p>Daryanani rates Apple's stock outperform, with a $180 price target. The stock slipped 0.8% in midday trading Wednesday. It has rallied 16.9% over the past three months, while the Dow Jones Industrial Average has gained 3.4%.</p>\n<p>The smartphone giant's current advertising revenue mainly comes from App Store search, according to Daryanani, and he sees opportunities for the company to turn the App Store into more of a \"content discovery\" vehicle versus a \"content delivery\" one. He pointed to the company's launch of search ads in China earlier this year and the potential for increasing ad loads as ways that Apple can increase its advertising revenue organically.</p>\n<p>There are also new opportunities that Apple could tap, modeled off of successful endeavors by other companies in the digital ad world. <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a>. (ROKU) offers a \"reasonable precedent\" for the ways that Apple could monetize its Apple TV installed base, and Alphabet Inc.'s <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>(GOOGL) Google \"is likely generating few billion dollars\" from Google Maps advertisements, Daryanani wrote. Apple could try similar tactics with Apple Maps.</p>\n<p>On the whole, Google looks poised to generate more than $200 billion in advertising revenue this year, he continued, and while Apple is unlikely to \"compete with Google's scale anytime soon,\" the size of Google's ad business gives him more confidence in his $20 billion estimate for Apple come 2025. He also noted that Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> grew advertising revenue to about $21 billion in 2020 from roughly $3 billion in 2016, suggesting Apple could achieve a \"similar trajectory.\"</p>\n<p>As Apple grows its own ad business, the company has taken steps to shake up the broader digital ad space, most notably through its App Tracking Transparency efforts. This makes it so third parties need to obtain consumer permission before tracking their broader online activities. Many users appear to be opting out of having their activity monitored in this way, according to early estimates.</p>\n<p>Apple positions App Tracking Transparency as a privacy-focused effort, and while Daryanani acknowledges that it \"certainly does help in that arena,\" he also said that there could be a more \"Machiavellian\" or \"nuanced\" way to view these efforts: By making it more difficult for third-party apps to target users on iOS devices, those companies may be tempted to spend more money on Apple's own advertising products.</p>\n<p>He pointed to recent comments from Zynga Inc. <a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>, which has been negatively impacted by the privacy changes. \"We're now testing and actually spending money with Apple to acquire users because...one of the things they're doing under the hood is they're building their own ad tech capabilities,\" Zynga Chief Financial Officer James Griffin said at a KeyBanc conference earlier this month.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","AAPL":"苹果","GOOGL":"谷歌A"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162525350","content_text":"An analyst sees Apple rapidly growing its advertising business at a similar trajectory to what Amazon showed a few years back\nApple Inc. could turn advertising into its next $20 billion business as the company ramps up its offerings and clamps down on ad targeting by third parties.\nThat's according to estimates from Evercore ISI analyst Amit Daryanani, who pegged Apple's $(AAPL)$ advertising business as an \"underappreciated\" part of the company's story and one with the potential for big growth over the coming years. The advertising business could reach $20 billion in revenue by 2025, he posits, up from perhaps $2 billion currently.\nAdvertising represents a high-margin revenue stream for Apple. By 2025, ad revenue could constitute about 17% of Apple's services revenue and about 5% of total revenue, but 9% of earnings per share, by Daryanani's math.\nDaryanani rates Apple's stock outperform, with a $180 price target. The stock slipped 0.8% in midday trading Wednesday. It has rallied 16.9% over the past three months, while the Dow Jones Industrial Average has gained 3.4%.\nThe smartphone giant's current advertising revenue mainly comes from App Store search, according to Daryanani, and he sees opportunities for the company to turn the App Store into more of a \"content discovery\" vehicle versus a \"content delivery\" one. He pointed to the company's launch of search ads in China earlier this year and the potential for increasing ad loads as ways that Apple can increase its advertising revenue organically.\nThere are also new opportunities that Apple could tap, modeled off of successful endeavors by other companies in the digital ad world. Roku Inc. (ROKU) offers a \"reasonable precedent\" for the ways that Apple could monetize its Apple TV installed base, and Alphabet Inc.'s $(GOOGL)$(GOOGL) Google \"is likely generating few billion dollars\" from Google Maps advertisements, Daryanani wrote. Apple could try similar tactics with Apple Maps.\nOn the whole, Google looks poised to generate more than $200 billion in advertising revenue this year, he continued, and while Apple is unlikely to \"compete with Google's scale anytime soon,\" the size of Google's ad business gives him more confidence in his $20 billion estimate for Apple come 2025. He also noted that Amazon.com Inc. $(AMZN)$ grew advertising revenue to about $21 billion in 2020 from roughly $3 billion in 2016, suggesting Apple could achieve a \"similar trajectory.\"\nAs Apple grows its own ad business, the company has taken steps to shake up the broader digital ad space, most notably through its App Tracking Transparency efforts. This makes it so third parties need to obtain consumer permission before tracking their broader online activities. Many users appear to be opting out of having their activity monitored in this way, according to early estimates.\nApple positions App Tracking Transparency as a privacy-focused effort, and while Daryanani acknowledges that it \"certainly does help in that arena,\" he also said that there could be a more \"Machiavellian\" or \"nuanced\" way to view these efforts: By making it more difficult for third-party apps to target users on iOS devices, those companies may be tempted to spend more money on Apple's own advertising products.\nHe pointed to recent comments from Zynga Inc. $(ZNGA)$, which has been negatively impacted by the privacy changes. \"We're now testing and actually spending money with Apple to acquire users because...one of the things they're doing under the hood is they're building their own ad tech capabilities,\" Zynga Chief Financial Officer James Griffin said at a KeyBanc conference earlier this month.","news_type":1,"symbols_score_info":{"GOOG":0.9,"GOOGL":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":919,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323569371,"gmtCreate":1615356513893,"gmtModify":1704781596763,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3574486316260209","idStr":"3574486316260209"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XOM\">$Exxon Mobil(XOM)$</a>?","listText":"<a href=\"https://laohu8.com/S/XOM\">$Exxon Mobil(XOM)$</a>?","text":"$Exxon Mobil(XOM)$?","images":[{"img":"https://static.tigerbbs.com/0720ed1cbac417d00ef64d5433aa22aa","width":"1242","height":"2001"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/323569371","isVote":1,"tweetType":1,"viewCount":1202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":159613338,"gmtCreate":1624961552524,"gmtModify":1703848890583,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3574486316260209","idStr":"3574486316260209"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159613338","repostId":"2146388793","repostType":4,"isVote":1,"tweetType":1,"viewCount":898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153236495,"gmtCreate":1625026535017,"gmtModify":1703850442055,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3574486316260209","idStr":"3574486316260209"},"themes":[],"htmlText":"Yep","listText":"Yep","text":"Yep","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153236495","repostId":"2147585034","repostType":4,"isVote":1,"tweetType":1,"viewCount":1099,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159614987,"gmtCreate":1624962079249,"gmtModify":1703848899377,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3574486316260209","idStr":"3574486316260209"},"themes":[],"htmlText":"Buy $$","listText":"Buy $$","text":"Buy $$","images":[{"img":"https://static.tigerbbs.com/23fe58a34f77ede65dad592912c6be86","width":"1125","height":"3005"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159614987","isVote":1,"tweetType":1,"viewCount":1098,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":159611198,"gmtCreate":1624961624914,"gmtModify":1703848892195,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3574486316260209","idStr":"3574486316260209"},"themes":[],"htmlText":"Haha&nbsp;","listText":"Haha&nbsp;","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159611198","repostId":"1176831724","repostType":4,"repost":{"id":"1176831724","kind":"news","pubTimestamp":1624954612,"share":"https://ttm.financial/m/news/1176831724?lang=en_US&edition=fundamental","pubTime":"2021-06-29 16:16","market":"us","language":"en","title":"Paysafe: One Payments Firm To Pass On For Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1176831724","media":"seekingalpha","summary":"Summary\n\nPaysafe rallied to $12 based on inclusion in the Russell 3000 and Reddit mentions.\nThe paym","content":"<p><b>Summary</b></p>\n<ul>\n <li>Paysafe rallied to $12 based on inclusion in the Russell 3000 and Reddit mentions.</li>\n <li>The payments company is stuck with 10% growth despite the growth in the U.S. iGaming market.</li>\n <li>The stock trades at 23x '21 EV/EBITDA targets due to a $2 billion debt load.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81a2561d10af7378c66d977c2bf5862d\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>shulz/E+ via Getty Images</span></p>\n<p>The fintech space remains red hot, but&nbsp;<b>Paysafe Limited</b>&nbsp;(PSFE) is one such company lacking the growth typical of the sector. The company is focused on payments in the iGaming space, but Paysafe just reported underwhelming&nbsp;Q1 results. My investment thesis is Neutral on the stock, but the iGaming sector keeps us interested in watching the story here for the long term.</p>\n<p><b>Underwhelming Q1</b></p>\n<p>Paysafe completed the&nbsp;business combination&nbsp;with the Foley Trasimene Acquisition Corp. II SPAC back on March 30. The stock originally traded as high as $19 on excitement over the growth potential of payments in the iGaming sector, but the company had meager guidance. Recently, Paysafe fell as low as $10 following weak numbers with the Q1 report.</p>\n<p>For Q1, the fintech reported revenues beat estimates by $11 million, but Paysafe only reported 4.9% revenue growth. The adjusted EBITDA number was flat at $113 million while payments volume did grow by 8% to $28 billion.</p>\n<p>The company reaffirmed guidance for 2021, but the market likely expected a number hike. Paysafe forecasts revenue of $1,540 million for only 10% growth over last year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe39c5190f168da3f52950256c0df60c\" tg-width=\"640\" tg-height=\"176\"><span>Source: PaysafeQ1'21 earnings release</span></p>\n<p>The company has set a goal for 10%+ annualized organic revenue growth, but the market likely hoped this number was very conservative rather than actual results confirming this reality. The stock already has a market cap of ~$9 billion and an enterprise value of nearly $11 billion based on $2 billion in debt with Paysafe trading up at $12. The stock trades at an EV of nearly 23x the adjusted EBITDA target for 2021.</p>\n<p>Considering Paysafe already has 32% EBITDA margins, the story is far more mature than most SPAC stocks and maybe not what one expected of a payments company targeting the hot iGaming space with a digital wallet involved in the crypto space. The stock got a nice rally over the last few weeks due to the&nbsp;inclusion in the Russell 3000&nbsp;and some mentions from the Reddit crowd, so investors should steer clear here above $12 outside of short-term trade reasons.</p>\n<p><b>iGaming Payments Growth</b></p>\n<p>The company plays in all of the hot sectors with a payments platform focused on sports betting, online casinos, eSports and fantasy sports. Paysafe has a digital wallet that works withDraftKings(NASDAQ:DKNG)and bet365 while the eCash network works with Fortnite and Twitch, but most of the business is in the Integrated Processing payments segment where the take rate was only 1.1% last year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/010ad43a352ec4ef93ded009a701449a\" tg-width=\"640\" tg-height=\"315\"><span>Source: Paysafe2021 investor day</span></p>\n<p>The U.S. iGaming market is growing at a 55% clip, but Paysafe is involved more in the online commerce market with growth closer to a 10% rate. Right now, the Europe and ROW segments have payments volumes up to 10x the U.S. market, but this segment is far more mature having launched all the way back in 1999.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fcdc7bfb1551ec838f1edecc36980c0e\" tg-width=\"640\" tg-height=\"319\"><span>Source: Paysafe 2021 investor day</span></p>\n<p>The iGaming payment network is already live in 14 states in the U.S. with ~75% of the operators in those states, but the size of the market is swamped by Europe and such. Even if the U.S. iGaming payments market reaches 2025 targets of $24 billion in payment volumes, Europe and ROW is already a $78 billion payments market and will still reach nearly 3x the U.S. levels in 2025.</p>\n<p>Ultimately, the story just doesn't have the sizzle as some of the other payments stocks recently going public. Paysafe has solid 10% revenue growth ahead, but the company will have to find another catalyst to move the needle for investors in the payments space to really get excited by the story.</p>\n<p>Otherwise, Paysafe is a solid buy once the stock dips back to $10 following the recent Reddit and index inclusion rally. As the market better understands the $2 billion load, a lot of the upside could be limited.</p>\n<p><b>Takeaway</b></p>\n<p>The key investor takeaway is that Paysafe is a solid company in a growing market. Investors have to recognize the company is a 10% grower, not the 50% grower of the U.S. iGaming market due to other business operations outside of the U.S.</p>\n<p>Any more involvement in the crypto space could boost the growth story and make the stock more appealing. Investors interested in the fintech and payments space should keep Paysafe on a watch list to see how the story develops over time and possibly buy the stock on dips.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paysafe: One Payments Firm To Pass On For Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaysafe: One Payments Firm To Pass On For Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 16:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436891-paysafe-one-payments-firm-to-pass-on-for-now><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nPaysafe rallied to $12 based on inclusion in the Russell 3000 and Reddit mentions.\nThe payments company is stuck with 10% growth despite the growth in the U.S. iGaming market.\nThe stock ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436891-paysafe-one-payments-firm-to-pass-on-for-now\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSFE":"Paysafe Ltd"},"source_url":"https://seekingalpha.com/article/4436891-paysafe-one-payments-firm-to-pass-on-for-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176831724","content_text":"Summary\n\nPaysafe rallied to $12 based on inclusion in the Russell 3000 and Reddit mentions.\nThe payments company is stuck with 10% growth despite the growth in the U.S. iGaming market.\nThe stock trades at 23x '21 EV/EBITDA targets due to a $2 billion debt load.\n\nshulz/E+ via Getty Images\nThe fintech space remains red hot, but Paysafe Limited (PSFE) is one such company lacking the growth typical of the sector. The company is focused on payments in the iGaming space, but Paysafe just reported underwhelming Q1 results. My investment thesis is Neutral on the stock, but the iGaming sector keeps us interested in watching the story here for the long term.\nUnderwhelming Q1\nPaysafe completed the business combination with the Foley Trasimene Acquisition Corp. II SPAC back on March 30. The stock originally traded as high as $19 on excitement over the growth potential of payments in the iGaming sector, but the company had meager guidance. Recently, Paysafe fell as low as $10 following weak numbers with the Q1 report.\nFor Q1, the fintech reported revenues beat estimates by $11 million, but Paysafe only reported 4.9% revenue growth. The adjusted EBITDA number was flat at $113 million while payments volume did grow by 8% to $28 billion.\nThe company reaffirmed guidance for 2021, but the market likely expected a number hike. Paysafe forecasts revenue of $1,540 million for only 10% growth over last year.\nSource: PaysafeQ1'21 earnings release\nThe company has set a goal for 10%+ annualized organic revenue growth, but the market likely hoped this number was very conservative rather than actual results confirming this reality. The stock already has a market cap of ~$9 billion and an enterprise value of nearly $11 billion based on $2 billion in debt with Paysafe trading up at $12. The stock trades at an EV of nearly 23x the adjusted EBITDA target for 2021.\nConsidering Paysafe already has 32% EBITDA margins, the story is far more mature than most SPAC stocks and maybe not what one expected of a payments company targeting the hot iGaming space with a digital wallet involved in the crypto space. The stock got a nice rally over the last few weeks due to the inclusion in the Russell 3000 and some mentions from the Reddit crowd, so investors should steer clear here above $12 outside of short-term trade reasons.\niGaming Payments Growth\nThe company plays in all of the hot sectors with a payments platform focused on sports betting, online casinos, eSports and fantasy sports. Paysafe has a digital wallet that works withDraftKings(NASDAQ:DKNG)and bet365 while the eCash network works with Fortnite and Twitch, but most of the business is in the Integrated Processing payments segment where the take rate was only 1.1% last year.\nSource: Paysafe2021 investor day\nThe U.S. iGaming market is growing at a 55% clip, but Paysafe is involved more in the online commerce market with growth closer to a 10% rate. Right now, the Europe and ROW segments have payments volumes up to 10x the U.S. market, but this segment is far more mature having launched all the way back in 1999.\nSource: Paysafe 2021 investor day\nThe iGaming payment network is already live in 14 states in the U.S. with ~75% of the operators in those states, but the size of the market is swamped by Europe and such. Even if the U.S. iGaming payments market reaches 2025 targets of $24 billion in payment volumes, Europe and ROW is already a $78 billion payments market and will still reach nearly 3x the U.S. levels in 2025.\nUltimately, the story just doesn't have the sizzle as some of the other payments stocks recently going public. Paysafe has solid 10% revenue growth ahead, but the company will have to find another catalyst to move the needle for investors in the payments space to really get excited by the story.\nOtherwise, Paysafe is a solid buy once the stock dips back to $10 following the recent Reddit and index inclusion rally. As the market better understands the $2 billion load, a lot of the upside could be limited.\nTakeaway\nThe key investor takeaway is that Paysafe is a solid company in a growing market. Investors have to recognize the company is a 10% grower, not the 50% grower of the U.S. iGaming market due to other business operations outside of the U.S.\nAny more involvement in the crypto space could boost the growth story and make the stock more appealing. Investors interested in the fintech and payments space should keep Paysafe on a watch list to see how the story develops over time and possibly buy the stock on dips.","news_type":1,"symbols_score_info":{"PSFE":0.9}},"isVote":1,"tweetType":1,"viewCount":900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163195614,"gmtCreate":1623861630038,"gmtModify":1703821891127,"author":{"id":"3574486316260209","authorId":"3574486316260209","name":"MarcyMarc","avatar":"https://static.tigerbbs.com/676954ae064ead813cc75835e6ca0924","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3574486316260209","idStr":"3574486316260209"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163195614","repostId":"2143497767","repostType":4,"isVote":1,"tweetType":1,"viewCount":1004,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}