We think LFTO shares are likely to remain range-bound for some time, for two reasons. First, the optics of the company’s first guidance as a public company were not ideal. Second, APP’s Q2 results and…

We are updating our estimates following Q1 FY26. For Q3 FY26, we expect Connected TV revenue of $99m, Desktop revenue of $27m and Mobile revenue of $64m. We expect total revenue of $190m, Adjusted Ebitda…

We are updating our model to reflect Q1 results and the most recent guidance. Our estimates are: Q3 FY26: We expect revenue of $2,078m and Adjusted Ebitda of $1,725m. We expect GAAP diluted EPS of…

We are downgrading TTD shares to Neutral for obvious reasons. Net-net, it looks like navigating the next phase of growth amid a major shift in the advertising industry is proving more difficult than it appeared…