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Analyst Sees Bright Future For Activision And Take-Two Thanks To COD, GTA
Tuesday, April 7, 2020 - 2:29pm | 705What are millions of people to do in quarantine? Video games. One analyst sees a strong future for at least two of the industry’s juggernauts. The Ratings Wells Fargo analyst Brian Fitzgerald initiated coverage on: Activision Blizzard, Inc. (NASDAQ: ATVI) with an Overweight rating and $75...
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Wells Fargo Upgrades Uber, Sees More Compelling Price
Friday, March 20, 2020 - 11:16am | 291Shares of Uber Technologies Inc (NYSE: UBER) have lost 45% since Feb. 6, versus a 28% decline for the S&P 500, and shares are now attractively priced, according to Wells Fargo. The Uber Analyst Brian Fitzgerald upgraded Uber from Equal-Weight to Overweight, while reducing the price target...
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Wells Fargo Upgrades Trade Desk On 2020 Spend Inflection
Friday, February 28, 2020 - 1:00pm | 369Trade Desk Inc (NASDAQ: TTD) guided to a gross spend of $4.24 billion for 2020, suggesting an inflection point in client spending trends, which boosts confidence in the company’s long-term opportunity, according to Wells Fargo. The Trade Desk Analyst Brian Fitzgerald upgraded Trade Desk from...
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Lyft's Q4 Highlighted By Stronger Rider, Revenue Growth; Investors Still Skeptical
Wednesday, February 12, 2020 - 2:16pm | 630Shares of Lyft, Inc. (NASDAQ: LYFT) continued to drop on Wednesday after a fourth-quarter earnings report that seems to have disappointed investors, but sell-side analysts continued to recommend the stock on strong revenue growth, and even upped price expectations for shares of the ride-hailing...
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Pinterest Has The Opportunity To Create A 'Uniquely Strong Shopping Platform'
Friday, February 7, 2020 - 4:40pm | 714Pinterest Inc (NYSE: PINS) beat almost all Street estimates in its fourth-quarter earnings report. While monthly active users (MAU) trended in line with forecasts, total revenue grew 46%, conversion optimization revenue popped 150%, and earnings before interest, tax, depreciation and amortization...
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Amazon Delivers In A Big Way And Analysts Say There's Even More Upside
Friday, January 31, 2020 - 12:47pm | 934Amazon.com, Inc. (NASDAQ: AMZN) is delivering returns to investors even faster than it can deliver stuff to your door. Amazon's stock was surging Friday as investors responded to the delivery giant's strong fourth-quarter print, sending the company's market valuation above $1 trillion....
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Facebook Investors Appear To Heed Warnings About Privacy Headwinds, Analysts Say Keep Buying
Thursday, January 30, 2020 - 3:21pm | 834Facebook Inc. (NASDAQ: FB) keeps warning about looming headwinds for its stock because of concerns about how it deals with users' privacy. But Facebook's revenue and user base just keep growing. Investors appeared to share Facebook's more cautious outlook on Thursday, selling...
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Wells Fargo Sees 30% Upside In Pinterest Shares, Says 'Fundamentals Remain On Solid Footing'
Friday, January 17, 2020 - 11:45am | 409Shares of social media platform Pinterest Inc (NYSE: PINS) are poised to take off given its material underperformance relative to the broader market since its April 2019 IPO, according to Wells Fargo. The Pinterest Analyst Brian Fitzgerald upgraded Pinterest from Equal-weight to...
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The Street Sees Match-IAC Split As Win-Win
Friday, December 20, 2019 - 1:28pm | 497Match Group Inc (NASDAQ: MTCH) shares jumped 8.4% on Thursday after the company announced a deal to split from its parent company IAC/InterActiveCorp (NASDAQ: IAC). The separation deal has been approved by the boards of both companies. It will be tax free and is expected to be completed in the...
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4 Analysts Agree Chewy Is A 'Good Boy' Stock After Q3 Print
Tuesday, December 10, 2019 - 3:42pm | 689The online pet supplies retailer Chewy Inc (NYSE: CHWY) reported third-quarter results Monday that came in better than expected in nearly every respect. Multiple Street analysts were encouraged by the print and the company's outlook. Instinet Reviews Chewy's Q3 Chewy...
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Hey Google! Sell-Side Sentiment Solid After Alphabet's Q3 Earnings Disappoint
Tuesday, October 29, 2019 - 11:20am | 782Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares dipped 2% on Tuesday after the company’s third-quarter earnings report fell short of Wall Street expectations. Google’s parent company reported third-quarter EPS of $10.12, below consensus estimates of $12.42. Revenue of $40.5 billion...
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Street Debates Whether Investors Should Buy eBay's Stock After Mixed Quarter
Thursday, October 24, 2019 - 3:19pm | 697eBay Inc (NASDAQ: EBAY) reported mixed third-quarter results Wednesday, while the e-commerce site's fourth-quarter revenue outlook gave a disappointing preview of the important holiday season. Q3 Positives, Negatives The company reported a revenue and EPS beat, but underlying unit...
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Analysts: Match Spinoff Should Be Good For IAC
Tuesday, October 15, 2019 - 1:05pm | 492Sell-side analysts like the prospects for IAC/InterActiveCorp (NASDAQ: IAC) if it sheds subsidiary Match Group Inc. (NASDAQ: MTCH). IAC said Friday it is proposing to spin off its interest in Match, which owns several online dating sites, including Match.com and Tinder, to IAC shareholders....
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Is Chewy Stock Man's Best Friend Or A Pest? The Street Debates
Tuesday, July 9, 2019 - 12:52pm | 819Online pet products retailer Chewy, Inc. (NYSE: CHWY) began trading in mid-June and the analyst IPO quiet period has lifted. Is the stock is man's best friend or a pest? The Analysts Wells Fargo's Brian Fitzgerald initiated coverage of Chewy with an Outperform rating and $40 price...
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Oh, Snap! Sell-Side Sentiment Thuds As Q2 Earnings Disappoint, Stock Plummets
Friday, August 11, 2017 - 12:36pm | 553Snap Inc (NYSE: SNAP) shared plummeted 11 percent Friday to new all-time lows following a disappointing Q2 earnings report. A number of Wall Street analysts weighed in on Snap on Friday. Here’s a rundown of what they had to say. Voices From The Street UBS analyst Eric Sheridan said another...