Daniel Salmon

Reddit Inc. (NYSE:RDDT) CEO Steve Huffman explained restricting access to its content after he previously called on Microsoft Corporation (NASDAQ:MSFT), Anthropic, and Perplexity to pay for continue scrapping the site’s data. What Happened: On Tuesday, during Reddit’s second-quarter...

Netflix, Inc. (NASDAQ: NFLX) shares gained 7.1% on Wednesday after the company reported better-than-expected subscriber losses in the second quarter and detailed plans to launch a new, low-cost, ad-supported subscription tier. On Tuesday, Netflix reported second-quarter adjusted EPS of $3.20,...

Netflix, Inc. (NASDAQ: NFLX) rallied Wednesday following a second-quarter earnings beat, but at least two Wall Street analysts say the stock is headed much higher. The Netflix Analyst: BMO Capital Markets analyst Daniel Salmon reiterated an Outperform rating and $365 price target for...

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Walt Disney Co (NYSE: DIS) shares traded lower by 3.7% on Thursday after the company reported first-quarter earnings and said ongoing COVID-19 disruptions are weighing on its Asia theme park business. On Wednesday, Disney reported fiscal second-quarter adjusted EPS of $1.08 on revenue of $19.25...

Shares of social media and metaverse company Meta Platforms Inc (NASDAQ: FB) traded higher Wednesday after market close. The move came after the company reported first-quarter financial results. Here are the key takeaways from the earnings report from analysts. The Meta Platforms Analysts:...

Netflix Inc (NASDAQ: NFLX) shares traded lower Wednesday after the company reported a third-quarter earnings beat. Netflix reported third-quarter adjusted EPS of $3.19, beating consensus analyst estimates of $2.56. Third-quarter revenue was $7.48 billion, up 16.3% from a year ago and in-line with...

The bullish case for live TV streaming platform FuboTV Inc (NYSE: FUBO) has come to an end at BMO Capital Markets although it's based on valuation reasons rather than an incrementally negative view. The Analyst: Daniel Salmon downgraded FuboTV's stock from Outperform to Market...

Twitter Inc (NYSE: TWTR) shares got a boost this week after the company reported much stronger-than-expected user numbers in the second quarter. However, ad revenue dropped 23% on the quarter, highlighting that Twitter is not immune to the pressures weighing on other social media platforms as well...

Wall Street analysts are taking a wait-and-see approach to the long-anticipated merger CBS Corporation (NYSE: CBS)-Viacom, Inc. (NASDAQ: VIAB) merger, questioning whether the combined companies will create a more profitable global streaming business together than each could have built on their own...

Fox Corp Class A (NASDAQ: FOXA)'s third-quarter print brought no big surprises, and the investor day held Thursday was broadly in-line with expectations, according to BMO Capital Markets. The Analyst Daniel Salmon maintained a Market Perform rating on Fox Corp. with an unchanged $37...

Fox Corp (NASDAQ: FOXA) is a more focused entity since the TV news and sports company broke off from the former 21st Century Fox and has intriguing potential with its new streaming news service, according to BMO Capital Markets — but the firm is waiting for more clarity on the standalone...

BMO Capital Markets' new bullish stance on Walt Disney Co (NYSE: DIS) is based on the belief shares have downside protection with catalysts ahead to support upside. The Analyst BMO's Daniel Salmon upgraded Disney from Market Perform to Outperform with a price target lifted from $114 to $140...

CBS Corporation (NYSE: CBS) rose Friday despite posting a fourth-quarter earnings miss Thursday. Content licensing, retransmission and subscription revenue were stunted by sales and renewal timing, and the entertainment and cable network segments recorded underwhelming operating income. Analysts...

Facebook, Inc. (NASDAQ: FB) reported record profit in its fourth-quarter results while daily active user metrics grew in all geographic regions. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Bank Of America's Justin Post maintains a Buy...