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The 'Most Ridiculous IPO' Of 2020? Citron Hits DoorDash With $40 Target
Thursday, December 17, 2020 - 3:18pm | 331Notorious short seller Citron Research is out with a report questioning the large valuation given to DoorDash Inc (NYSE: DASH) from its recent IPO. Citron On DoorDash: Citron calls DoorDash the "most ridiculous IPO of 2020" and assigns a $40 price target in a new report. “There is...
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Investors Seem More Focused On Vaccine, Stimulus Than Facebook's Regulatory Woes
Thursday, December 10, 2020 - 11:24am | 1844If this morning is any indication, trading today could be a bit of a waiting game. As investors arrive at their desks—at home or in the office—it seems they’re looking for clarity on two big events that would likely move the market and affect the economy. One of those things is...
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DoorDash Increases Target Ahead Of Its Market Debut
Wednesday, December 9, 2020 - 12:12pm | 840December 8th was the day DoorDash's IPO was priced, and trading on the New York Stock Exchange is set to start today. The latest info is that DoorDash priced its IPO at $102 per share, which means that the company will raise $3.4 billion. This is another increase in the expected...
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Fintech Focus For November 25, 2020
Tuesday, November 24, 2020 - 6:03pm | 1610Quote To Start The Day: Winning isn't everything, but wanting to win is. Source: Vince Lombardi One Big Thing In Fintech: UBS said that investors will benefit from buying fintech, healthtech, greentech, and 5G stocks as these 4 sectors will disrupt the technology industry and become the...
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Uber's Self-Driving Unit Is For Sale: TechCrunch
Saturday, November 14, 2020 - 1:56pm | 389Uber Technologies Inc (NYSE: UBER) is looking to sell its self-driving unit, TechCrunch has reported. What Happened: Uber’s Advanced Technologies Group has been negotiating the sale with Aurora Innovation, a self-driving technology startup. According to three people involved in...
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Thursday's Market Minute: Pizza Party
Thursday, October 8, 2020 - 10:00am | 270Although earnings season hasn’t kicked off yet, Domino’s Pizza, Inc. (NYSE: DPZ) reported third-quarter earnings before the bell this morning. EPS of $2.49 missed the Zacks estimate of $2.73, but revenue of $967.72 million beat the estimate of $944.53 million. It also reported U.S. same...
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European Food Delivery Company To Buy Grubhub After Uber Talks Fall Through
Thursday, June 11, 2020 - 1:32am | 428Just Eat Takeaway.com N.V. (OTC: TKAYF), a European food delivery company, will purchase Grubhub Inc. (NYSE: GRUB) in an all-stock deal. What Happened The deal values Grubhub shares at $75.15, which gives the Chicago-based food delivery firm an implied value of $7.3 billion calculated on...
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Uber Eats, GrubHub Competitor DoorDash Files For IPO
Friday, February 28, 2020 - 2:35am | 300Food delivery company DoorDash confidentially filed to go public with the Securities and Exchange Commission, it announced Thursday. What Happened The company didn't reveal how many shares it will offer as part of the initial public offering or at what price if its filing is approved by...
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Barron's Picks And Pans: Medtronic, Tesla, Walmart And More
Sunday, November 17, 2019 - 1:49pm | 723This weekend's Barron's cover story explains how to generate income in retirement. Other featured articles discuss big tech's take on banking and retailers that have been left behind. Also, the prospects for a medical devices maker, a financial services play, a retail giant still...
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Uber's Losses Keep Accumulating, But CEO Expects Profitability In Two Years
Tuesday, November 5, 2019 - 11:48am | 956Uber Technologies Inc (NYSE: UBER) has been through a rough patch since its IPO in May as the company lost a third of its value since then. Now, the company reported its third quarter earnings which show it is continuing its losing streak, causing its stock to go down nearly 7% following the report...
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Benzinga's Bulls & Bears Of The Week: Alphabet, Apple, Microsoft, Tesla And More
Sunday, April 29, 2018 - 8:43am | 762Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included two tech giants and some investor conference picks. Bearish calls included semiconductor makers and REITs. The broader equity markets are around 2 percent higher over the past month,...
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GrubHub Integrates Venmo As Payment Option; Stephens Says Peers Are At Competitive Disadvantage
Tuesday, April 17, 2018 - 2:02pm | 645GrubHub Inc (NYSE: GRUB)'s first-mover advantage in food delivery positions the company to capitalize on rapid growth in the sector, according to Stephens. Its announcement Tuesday that Paypal Holdings Inc (NASDAQ: PYPL)'s Venmo is being integrated into the platform makes it...
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Benzinga's Bulls & Bears Of The Week: Amazon, Costco, Netflix, Tesla And More
Sunday, March 11, 2018 - 5:48pm | 877Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included top semiconductor stocks and the e-commerce leader. Bearish calls featured an electric vehicle giant and a video streaming leader. The bull run is now officially nine years old and there...
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Attempting To Clear Up The Confusion Around Yelp's Q3 Report
Thursday, November 2, 2017 - 9:06am | 425After Yelp Inc (NYSE: YELP) released third-quarter results, KeyBanc Capital Markets said the online name looks attractive despite guidance that appeared "soft." Analyst Brad Erickson maintained an Overweight on Yelp with a $54 price target. In pre-market trading...
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Credit Suisse Has Had Its Fill Of Grubhub Shares, Downgrades To Neutral
Monday, September 11, 2017 - 10:28am | 432After a nearly 50-percent return since the start of 2017, now may be a right time for investors to start pocketing some of their profits in GrubHub Inc (NYSE: GRUB), at least according to analysts at Credit Suisse. The firm's Paul Bieber downgrades GrubHub's stock rating from Outperform to...