Add as a preferred source on GoogleAnalysts Move Meta and EVgo to Hold as Competition and Costs Weigh
EVgo's proposed $2-per-share buyout was viewed as downside protection, while Oracle's projected 12% annualized return fell short of a 13% hurdle.
Analyst updates on Wednesday, Nov. 11, put Meta Platforms (META) and EVgo (EVGO) at Hold, while views on Uber and Oracle pointed to competition and capital demands as limits on upside.
EVgo received a Hold upgrade, with LS Power's nonbinding $2-per-share offer viewed as downside protection. The analyst view also flagged Tesla's charging network as a competitive threat and described a buyout as EVgo's best scenario. TokenPost previously covered the proposal to buy EVgo's remaining Class A shares.
Meta also moved to Hold after its shares pulled back.
The analyst view of Uber balanced strong operating results against Waymo's expansion and a collaboration between Lyft and DoorDash, which tempered the stock's upside. TokenPost previously covered Uber's third-quarter results.
The analyst view of Oracle cited $664 billion in remaining performance obligations and $288 billion in uncommitted data center leases. Capital requirements and lease commitments were seen as constraints on returns, with a projected annualized return of 12% below a 13% hurdle.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.