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Evercore: Spotify's Risk-Reward Profile Makes Bull Thesis 'Difficult' To Justify
Tuesday, January 15, 2019 - 2:27pm | 413Heading into Spotify Technology SA (NYSE: SPOT)'s fourth-quarter earnings report Feb. 6, the streaming music company is "playing an uncertain tune" and investors are encouraged to "remain off the dance floor," according to Evercore ISI. The Analyst Evercore ISI's...
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Analysts Turn Bearish On Snapchat, Lower Price Targets On The Stock
Thursday, October 4, 2018 - 12:43pm | 363Snap Inc (NYSE: SNAP) faces minimal encouraging catalysts in the near-term while user migration towards rival platforms will continue, Evercore ISI said in one of two new bearish reports. The Analysts Evercore ISI's Anthony DiClemente maintains an Underperform rating on Snap's stock with a...
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Sirius Was Likely Impressed With Pandora's Near-Term Execution, Analyst Says After Acquisition Announcement
Monday, September 24, 2018 - 2:19pm | 473Satellite radio provider Sirius XM Holdings Inc (NASDAQ: SIRI) invested $480 million in Pandora Media Inc (NYSE: P) last year. Sirius was was likely "impressed" with Pandora's performance, and Monday's announcement of a complete acquisition "makes sense," according to...
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A Spotify Sell-Side Roundup: Wall Street Largely Bullish On Streaming Platform's Stock
Wednesday, May 2, 2018 - 1:14pm | 753The quiet period for streaming music provider Spotify Technology SA (NYSE: SPOT) expired Monday, which means all research firms are permitted to publish reports on the stock. Here's what the Street is saying. The Analysts Evercore ISI's Anthony DiClemente initiated...
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Listen To The Music: Evercore Names 5 Reasons Why Spotify Is A Winner
Monday, April 30, 2018 - 11:55am | 440Streaming music provider Spotify Technology SA (NYSE: SPOT) is the market leader, with "significant" growth potential, according to Evercore ISI. The Analyst Evercore's Anthony DiClemente initiated coverage of Spotify's stock with an Outperform and $190 price target. The...
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Analyst: It Will Be 'Difficult' For Twitter To Replace Anthony Noto
Monday, January 22, 2018 - 1:31pm | 422Twitter's Chief Operating Officer Anthony Noto, perhaps the most visible Twitter Inc (NYSE: TWTR) executive aside from CEO Jack Dorsey, could leave the social media to accept the CEO job at Social Finance Inc., according to a recent report from The Wall Street Journal. That's not great...
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11 Wall Street Analysts Weigh In On Netflix's Blowout Quarter
Tuesday, July 18, 2017 - 4:28pm | 1015Netflix, Inc. (NASDAQ: NFLX) shares surged 13.3 percent on Tuesday after the company reported blowout subscriber growth in Q2. A number of Wall Street analysts commented on the stock following the report. The stock closed Tuesday at a new all-time high of $183.60, up 13.5 percent on the day. Here...
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The Netflix Growth Story Renewed For Another Season
Tuesday, July 18, 2017 - 10:07am | 327Netflix, Inc. (NASDAQ: NFLX) cancelled some of its self-made shows like "The Get Down," but the company renewed its growth story for at least another year, according to Nomura's Anthony DiClemente who maintains a Buy rating on Netflix's stock with a price target boosted from $175...
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Netflix Vs. Amazon: On-Demand Video Market Is Big Enough For Both
Monday, July 17, 2017 - 4:19pm | 387Netflix, Inc. (NASDAQ: NFLX) hit a new 52-week high after hours Monday following a second-quarter sales beat. The streaming giant delivered Q2 sales of $2.79 billion, beating analyst estimates by $30 million. Netflix slightly missed earnings estimates, with EPS coming in at 15 cents, just a...
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The Pain For Grocery Stocks May Have Just Begun Thanks To Amazon
Thursday, June 15, 2017 - 1:45pm | 462Grocery stocks are getting destroyed on Thursday, led by Kroger Co (NYSE: KR)'s poor outlook and a downgrade of Sprouts Farmers Market Inc (NASDAQ: SFM) after a 30-percent gain in 2017. Investors looking to take advantage of the weakness may want to reconsider as the biggest tailwind to the group...
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The Unflinching Rise Of Amazon's Stock Price Begs 3 Questions
Thursday, June 15, 2017 - 1:34pm | 386Amazon.com, Inc. (NASDAQ: AMZN) seems unbeatable. It’s share price is up over 28 percent this year, 339 percent over the past five years, and currently sits at $957. Those numbers include the major tech sell-off on June 9, since which the stock has fallen 5.2 percent from $1011. This despite...
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Notable Netflix Analyst Thinks The Market Is Big Enough For Everyone
Monday, May 22, 2017 - 11:28am | 345One of the key debates Netflix, Inc. (NASDAQ: NFLX) among investors and analysts is what will happen to the competitive landscape as the streaming video market continues to grow. Speaking as a guest on CNBC's "Squawk Box" segment on Monday, Instinet's Anthony DiClemente answered this pressing...
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Snap's Earnings Report Reinforces Nomura's Bearish Initiation
Thursday, May 11, 2017 - 8:14am | 367Nomura's Anthony DiClemente initiated coverage of Snap Inc (NYSE: SNAP) shortly after its initial public offering with a Reduce rating and a $16 price target. After the social media company reported its first ever earnings report as a public company, the analyst's stance remains unchanged....
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A Quick Take On Big Tech's Q1 Results
Friday, April 28, 2017 - 11:00am | 426Some of the biggest and most notable tech companies reported their results on Thursday. Below is a quick take on Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), Amazon.com, Inc. (NASDAQ: AMZN) and Intel Corporation (NASDAQ: INTC)'s respective reports. Alphabet: 'Clean Beat' Nomura's Anthony DiClemente...
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ESPN Layoffs Said To Be Larger Than Expected, Including 'Significant' On-Air Names
Tuesday, April 25, 2017 - 12:10pm | 468Walt Disney Co (NYSE: DIS)'s investors were cautioned in early March that there might be big layoffs coming to ESPN. Sports Illustrated's Richard Deitsch reported at that time that ESPN was looking to slash its payroll by tens of millions of dollars, and the sports unit's most recognizable...