On CNBC’s “Halftime Report Final Trades,” Malcolm Ethridge, managing partner at Capital Area Planning Group, said it’s a great time to buy Spotify Technology S.A. (NYSE:SPOT) stock.
Supporting his view, Spotify reported on Feb. 10 its fourth-quarter 2025 results. The music and podcast streaming platform exceeded Wall Street expectations with quarterly earnings of $5.16 per share. The analyst consensus estimate was $2.95.
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NewEdge Wealth CEO Rob Sechan, meanwhile, named Broadcom Inc. (NASDAQ:AVGO) as his final trade.
Last week, the company reported strong quarterly results driven by surging demand for artificial intelligence chips, prompting several Wall Street analysts to raise their price forecasts. The company posted fiscal first-quarter revenue of $19.31 billion, up 29% year over year, while AI revenue jumped 106% to $8.4 billion.
Bill Baruch, founder & president of Blue Line Capital, picked AppLovin Corporation (NASDAQ:APP), which is back below the $500 level.
Oppenheimer analyst Martin Yang, on March 5, maintained AppLovin with an Outperform rating and cut the price target from $740 to $660.
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said he remains long on Uber Technologies, Inc. (NYSE:UBER), adding that the stock is “way too cheap.”
BTIG analyst Jake Fuller, on March 4, reiterated Uber with a Buy and maintained a $100 price target.
Price Action:
- Broadcom shares fell 0.9% to close at $342.58 on Tuesday.
- Spotify shares fell 2.7% to close at $530.26 during the session.
- AppLovin shares dipped 7.7% to settle at $477.39 on Tuesday.
- Uber shares fell 2% to close at $72.36.
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