-
3 Worries For Facebook: Fake News, Ads And Analytics
Thursday, November 17, 2016 - 9:58am | 302While mentioning three investor concerns around Facebook Inc (NASDAQ: FB), SunTrust Robinson Humphrey’s Bob Peck noted in a report that none of these were currently significant enough to impact the company’s financials. He maintained a Buy rating on Facebook, with a price target of...
-
Bob Peck Reviews A Record Singles' Day For Alibaba
Saturday, November 12, 2016 - 4:14pm | 160Alibaba Group Holding Ltd (NYSE: BABA) Singles' Day on was undoubtedly a hit, raking in nearly $18 billion in gross merchandise value. Singles' Day is now the world’s largest online shopping event and bigger than Black Friday. Alibaba’s Singles' Day haul grew 32 percent...
-
The Street Turns Its Back On Fitbit
Thursday, November 3, 2016 - 3:14pm | 330After Fitbit Inc (NYSE: FIT)'s not-so-disappointing Q3 report but lowered guidance for Q4 and beyond, the market reacted. Shares were trading down nearly 30 percent mid-day Thursday with little or no bounce back after hitting $9 per share. Morgan Stanley Research: Downgraded to Equal Weight...
-
SunTrust Admits They Were Wrong On Fitbit, Downgrades Stock To Hold
Thursday, November 3, 2016 - 9:57am | 297Although Fitbit Inc (NYSE: FIT) reported broadly in-line Q3 results, its Q4 guidance implied a sharp decline, raising questions around “customer demand, and the category's maturity,” SunTrust Robinson Humphrey’s Robert S. Peck said in a report. He downgraded the rating on the...
-
Bob Peck Reiterates $142 Facebook Target, Says It Has Long Runway
Thursday, November 3, 2016 - 9:54am | 306SunTrust’s Bob Peck reiterated his Buy rating and $142 target price on Facebook Inc(NASDAQ: FB) even as investors weigh forward commentary of a “meaningful” revenue deceleration and “significant” investments. Facebook said ad loads would be less of a driver going...
-
Alphabet Showed 'Clinical Execution' On Tough Comps
Friday, October 28, 2016 - 10:49am | 316Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported strong quarterly results, as the company achieved growth and margin expansion. Google “continues to balance LT growth investments (i.e. Cloud), with capital returns (announcing a $7 billion buyback),” SunTrust Robinson Humphrey’...
-
Twitter's Overall Trends Remain Challenged, Q4 Will Be Very Critical
Friday, October 28, 2016 - 10:38am | 274Twitter Inc (NYSE: TWTR) reported better Q3 results against low expectations. The company guided to revenue deceleration and margin compression in Q4, amid its ongoing platform turnaround. “Given the ongoing challenges we do not think a premium multiple is warranted,” SunTrust...
-
6 Key Takeaways From Amazon's Q3 Earnings
Friday, October 28, 2016 - 10:28am | 325Amazon.com, Inc. (NASDAQ: AMZN) reported Q3 results with robust unit, revenue and gross profit growth, despite tougher comps. Bob Peck of SunTrust Robinson Humphrey maintained a Hold rating on the company, with a price target of $850. Margin Pressure Peck mentioned that the Q4 margin...
-
Looking Beyond Q3, Twitter's Q4 Could 'Make Or Break' The Company
Tuesday, October 25, 2016 - 5:08pm | 335Twitter Inc (NYSE: TWTR) stock has been all over the map in 2016 as wave after wave of buyout rumors has come and gone. However, with buyout chatter dying down for the most part, SunTrust analyst Robert Peck believes the company’s Q3 earnings report and management commentary could provide...
-
Who (If Anybody) Is Still Looking To Purchase Twitter?
Tuesday, October 25, 2016 - 10:37am | 474Twitter Inc (NYSE: TWTR) is seeking to address fundamental weakness with some drastic measures. If a report that appeared in Bloomberg is to be believed, the company may soon announce plans to eliminate 8 percent (about 300 individuals) of its workforce. SunTrust, in a research note...
-
10 Questions Yahoo Investors Need Answers To
Wednesday, October 19, 2016 - 9:10am | 510Although Yahoo! Inc. (NASDAQ: YHOO) reported mixed results, they were overshadowed by the statement made by Verizon Communications Inc. (NYSE: VZ) General Counsel regarding the impact of the hack on the deal. Robert "Bob" S. Peck of SunTrust Robinson Humphrey maintains a Hold rating on the company...
-
SunTrust's Bob Peck Discusses Netflix's 'Across The Board Beat'
Tuesday, October 18, 2016 - 10:21am | 435SunTrust’s Bob Peck still remains on sidelines on Netflix, Inc. (NASDAQ: NFLX), despite the company’s strong third-quarter subscriber growth on the back of original content, which more than offset any impact of ungrandfathering and the Olympics. “While we roll out 2017 year-end PT...
-
Fitbit Has Potential For A Q3 Upside Surprise
Monday, October 17, 2016 - 12:13pm | 431Previewing Fitbit In (NYSE: FIT)'s third-quarter results, SunTrust said it sees scope for upside surprise from the company's guidance for a 15 percent sequential drop in third-quarter revenues based on expectations of 12.5 percent unit sales decline and a 1.5 percent decline in ASP. Rationale For...
-
Alibaba's Core Profitability Remains Strong, Near-Term Headwinds Notwithstanding
Wednesday, October 12, 2016 - 12:08pm | 435Previewing the fiscal second-quarter results of Alibaba Group Holding Ltd (NYSE: BABA), SunTrust noted that core profitability remains strong, despite the near-term investments headwinds. The firm sees strong investor sentiment and business momentum, based on the company's analyst day takeaways...
-
With Slim Chances Of A Buyout, Twitter Needs A Plan C
Tuesday, October 11, 2016 - 8:53am | 390Twitter Inc (NYSE: TWTR) had been trying to turnaround and its Plan B was the attempted sale of the company. With both these plans seeming unsuccessful, Twitter needs to have a Plan C, SunTrust’s Bob Peck said in a report. He maintained a Hold rating on the company, with a price target of $...