s These reports, excerpted and edited by Barron's, were issued recently by investment and research firms. The reports are a sampling of analysts' thinking; they should not be considered the views or recommendations of Barron's. Some of the reports' issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
DraftKings -- DKNG-Nasdaq Outperform -- $34.98 on Oct. 7 by Mizuho DraftKings stock is down 20% over the last two weeks. There are a confluence of items leading to the decline, and while each may be digestible on its own, the combination of which has proved potent. We remain constructive on DraftKings long term, but believe that estimates/sentiment still need to adjust lower in the near/medium term before the stock can see support.
As we see it, there are three major buckets: 1) impact/debate from prediction markets, 2) lower third-quarter hold, and 3) higher third-quarter/fourth-quarter promotional expense than expected.
Said simply, there is a debate to be had regarding the potential impact of prediction markets, but we feel the market first needs to digest the earnings impact near term from higher promotional/much lower hold.
While the impact of Kalshi [an exchange selling financial products tied to the outcome of sporting events] may be overstated, until hold/promo issues are digested/estimates reset, the stock may struggle to find support. After there is some clarity/revisions, the stock should begin to work. Target price: $54.
Hub Group -- HUBG-Nasdaq Buy -- $34.27 on Oct. 8 by Benchmark We maintain our Buy rating and $40 price target but are lowering our estimates ahead of Hub Group's third-quarter results. So far, we believe that Hub Group's intermodal volume growth has been a slow grind up, and it didn't experience a robust early peak season -- there have been some surcharges and opportunities for more in the fourth quarter, but they remain below last year's levels.
Additionally, we believe that the new Final Mile awards announced in the second quarter are ramping more slowly than expected, though we anticipate stronger traction in 2026. As a result, we expect fiscal-2025 results to come in near the low end of management's $1.80-to-$2.05 earnings per share guidance range.
Infosys -- INFY-NYSE Neutral -- $16.39 on Oct. 8 by Susquehanna While we would look for just over 1% quarter-over-quarter growth when the company reports the September quarter on Oct. 16, we are cautious relative to consensus for the fiscal third quarter (December). Infosys doesn't typically give quarterly guidance, but a narrowing of the range for the year may land just below.
Although there may be some air pockets, we think that Banking $(BFS)$ should continue its improvement, and Manufacturing will grow above the company average. Infosys is likely not out of the woods in Retail, third-party revenue may remain a headwind, and pricing is under pressure. Price target: $18.
Dell Technologies -- DELL-NYSE Outperform -- $145.76 on Oct. 7 by Evercore ISI Key points from the initial discussion at Dell's analyst day were, 1) AI should unlock sizable productivity savings on a global scale ($15 trillion-plus savings), which should unlock further investments across compute, storage, and networking; 2) 85% of enterprises plan to move generative AI on-premise, which could result in sizable uplift to demand across compute, storage, and networking; 3) essentially, Dell's AI factory helps customers deploy AI at scale, especially as enterprises (3,000-plus customers) look to add and deploy their AI solutions; 4) eventually, as inferencing moves to the edge, there's an opportunity for Dell to scale and deploy its AI PCs; 5) Dell expects the Infrastructure Solution Group segment to sustain 11% to 14% compound annual growth rate over the next few years, driven by growth across AI servers, x86 servers, and storage; and 6) x86 server growth should be sustained by a combination of unit uptick and also ASP benefits.
Price target: $160.
Via Transportation -- VIA-NYSE Outperform -- $46 on Oct. 7 by Oppenheimer We launch coverage on shares of Via Transportation, a purpose-built vertical software and services company, with an Outperform rating and a $59 price target. Via has a strong, modern AI-embedded technology platform that's supported by referenceable customers who view it as a leader in real-time dynamic routing, planning, microtransit, and other transit management capabilities; autonomous-vehicle enablement; data sciences; and technology vision.
In our view, modernizing the transportation management market is early in evolution, and Via is the best growth asset in the category for investment. The company's leading purpose-built technology and vision, scale, expertise in microtransit, and the heritage and pedigree of its founder-led management team can support Via as a durable growth asset in the large, underpenetrated market for transit software solutions.
Torex Gold Resources -- TXG.Canada Outperform -- $60.06 on Oct. 8 by BMO Research We are off restriction from Torex's acquisition of Prime Mining, which is expected to close in the fourth quarter. We view the deal positively, as Torex picks up a solid development asset with the ability to leverage its project development/mine-building expertise in Mexico. The project timeline should allow for self-funding without jeopardizing shareholder capital-return objectives. Torex plans to release a preliminary economic assessment on the project in 2026.
Our target price rises to $80, which also reflects BMO's new metals price deck, and we reiterate our Outperform rating.
To be considered for this section, material should be sent to Research@barrons.com.
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
October 10, 2025 18:23 ET (22:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments