Ali Mogharabi

Uber's first-quarter top- and bottom-line results beat FactSet consensus estimates.

Demand for its ridehailing service continues to improve, indicated by a strong sequential increase in and steady monetization of riders.

Given strong demand from advertisers, which we think will be sustainable as the economy recovers, we have increased our projections.

Continuing strength in ad revenue due to the economic recovery, which drives more brand ad spending, and higher direct-response ad spending drove growth higher. The strong ad business was combined with the firm’s successful revenue diversification as the cloud segment is benefiting from digital transformation and wider adoption of cloud by businesses of all sizes.

While this may lower the effectiveness of ads, it will address some data privacy concerns.

We raised our fair value estimate to $52, but shares are still overvalued.

Uber reported mixed fourth-quarter results as the firm missed top-line expectations but beat FactSet consensus estimates on the bottom-line. We have slightly increased our projections and rolled our model forward, increasing our fair value estimate to $67 from $61.

The company remains one of our favorite names in the Internet and social media space. Our fair value estimate is now at $2,605 per share.

This wide-moat name has become attractive as it is now trading at a 19% discount to our fair value estimate.

We think the effects are likely to be minimal for the companies we cover.

States are demanding Google redesign its search results, as they claim the firm itself benefits based on which results are prioritized.

With consumers flocking online during COVID-19, demand for digital ads should be strong in 2021 and beyond.

Despite the Federal Trade Commission and 47 states filing separate antitrust suits, we are maintaining our FVE.

We're raising the technology firm's fair value estimate to $61 per share.

We view the acquisition as a necessary strategic move that could strengthen Uber’s overall network effect moat source.

We continue to be impressed with the gradual improvement in the mobility business and are raising our fair value estimate.

California voters approved Proposition 22, which allows Uber and Lyft to categorize drivers as contractors.

With the better-than-expected third-quarter results and increasing confidence in digital ad demand, we have increased our projections.

We are increasing our fair value estimate and view the wide-moat stock as fairly valued.

We expect Alphabet’s network effect and intangible asset moat sources to remain intact and are maintaining our wide moat rating amid antitrust suit.

We are maintaining our fair value estimate for the narrow-moat company and view shares as attractive.

Due to the strong second-quarter numbers, we have increased our projections for Facebook for this year and 2021 which resulted in a $265 fair value estimate, up from $245.

Cloud partially offsets ad revenue decline.

The pandemic has pushed businesses to more rapidly start and complete their digital transformation.

We think the deal could strengthen the firm's network effect moat source.

Our fair value estimate has not changed for the social media company.

Our fair value estimate for the narrow-moat firm remains.

If an agreement is reached, the deal likely will face regulatory and antitrust barriers.

Significant rides segment hits more than offset by growth in the firm's eats business.

But excessive actions are unlikely to significantly harm Alphabet or Facebook.

We now recommend a wider margin of safety before allocating capital to this wide-moat name.

Alphabet’s first-quarter results beat the FactSet consensus on revenue and EBIT, helped by strong ad spending in January and February, but followed by the pandemic-driven reversal in March.

The no-moat firm posted strong first-quarter results.

We have lowered our fair value estimates of ad holding companies.

But the shares are still worth picking up.

Fines and new regulations are likely for both firms, but the political upheaval in an election year puts Facebook more in peril.

After taking into account the time value of money, our fair value estimate is now 8% higher.

With the better-than-expected fourth quarter results, we have adjusted our top- and bottom-line projections a bit higher.

We think the ad holding company continues to differentiate itself.

It's well on its way to becoming an enterprise software company.

We recommend waiting for a pullback before taking a new long position in the stock.

We believe that investment in narrow-moat Uber requires patience, and view the stock as attractive.

We recommend waiting for a wider margin of safety before investing in this wide-moat and high uncertainty name.

Shares of the wide-moat firm are fairly valued today, and we believe it becomes attractive on any pullback.

We recommend waiting for an additional margin of safety before investing in this very-high-uncertainty name.

We continue to recommend investing in this 4-star narrow-moat company.

We are maintaining our $1,300 per share fair value estimate on this wide-moat name.

We recommend waiting for some margin of safety before investing in this high uncertainty name.

The partial sale of its Kantar business has no effect on our valuation.

We don't see the cryptocurrency having much effect at this point.