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Reddit Stock's Late-In-The-Day Surge: What's Going On?
Monday, March 17, 2025 - 4:26pm | 276Reddit Inc. (NYSE:RDDT) shares traded briefly higher on Monday after Google announced an expanded partnership with the social media platform. What To Know: According to Reuters, the agreement will integrate Reddit content more effectively across Google’s products, signaling a closer...
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Why Snap Analyst Is Confident of Multiple Years Of 'Elevated Growth'
Tuesday, April 6, 2021 - 1:04pm | 456Snap Inc (NYSE: SNAP) shares are advancing strongly Tuesday on the back of a positive analyst action. The Snap Analyst: Atlantic Equities analyst James Cordwell upgraded Snap shares from Neutral to Outperform, while maintaining the price target at $75. The Snap Thesis: The recent pullback in...
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Atlantic Equities Upgrades Snap On Ongoing Solid Trends
Wednesday, February 5, 2020 - 11:04am | 278Snap Inc (NYSE: SNAP) reported fourth-quarter revenue short of expectations, but earnings came in ahead on the back of strong user growth and continued margin expansion, according to Atlantic Equities. The Analyst James Cordwell upgraded Snap from Underweight to Neutral, while raising the price...
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Apple Downgraded As Analyst Foresees A Wave Of New Challenges
Monday, January 22, 2018 - 4:27pm | 392Amid all-time high territory, Apple Inc. (NASDAQ: AAPL) was hit with a downgrade Monday, due to a wave of new challenges that may limit future upside. The Analyst James Cordwell of Atlantic Equities downgraded Apple from Overweight to Neutral, but kept his $190 price target. The Thesis...
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The Bearish First Wave Of Ratings, Price Targets For Snap Post-IPO
Monday, March 6, 2017 - 4:37pm | 643Shares of Snap Inc (NYSE: SNAP) fell more than 5 percent on Monday as the newly issued IPO isn't receiving the same amount of love from Wall Street as it is from investors. Within hours of Snap's initial trading on the New York Stock Exchange, Pivotal Research Group's Brian Wieser was first to...
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Snap Says It May Never Become Profitable; Here's Why That's Not Uncommon
Saturday, March 4, 2017 - 8:48pm | 744With the din around Snap Inc (NYSE: SNAP)'s IPO settling down, it is time to take stock of how fundamentals stack up. This assumes importance, especially as the stock's valuation looks overstretched on the back of strong gains in the first two trading sessions since its listing. Valuation Goes...
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Snap's Unproven Monetization Potential Doesn't Deserve To Trade At A Premium To Facebook
Friday, March 3, 2017 - 2:19pm | 460A mere hours after Snap Inc (NYSE: SNAP)'s initial public offering, the company received its first ever recommendation from a Wall Street analyst. Brian Wieser of Pivotal Research Group initiated coverage of the social media company with a Sell rating and $10 price target. The Bears March In By...
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Atlantic Likes Expedia's 'Diversifying Of Earnings Sources,' Upgrades To Overweight
Monday, June 20, 2016 - 10:47am | 279Atlantic Equities’ James Cordwell expects meaningful growth to be driven over the next three years for Expedia Inc (NASDAQ: EXPE) by the company’s non-core OTA assets, HomeAway, Orbitz and trivago. Cordwell upgraded the rating on the company from Neutral to Overweight, with a price...
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Google Shares Upgraded At Atlantic Equities: YouTube, Mobile Search, Margin Improvements Point To $825 Valuation
Wednesday, August 19, 2015 - 7:54am | 358In a report published Wednesday, Atlantic Equities analyst James Cordwell upgraded shares of Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) to Overweight from Neutral with a price target boosted to $825 from a previous $560. According to Cordwell, YouTube is growing "very rapidly" as the...
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Calls Of Note: Wall Street Research Moving The Market On Thursday
Thursday, August 13, 2015 - 1:35pm | 1224The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Morgan Stanley: Initiating Intercept Pharmaceutical At Underperform Andrew Berens of Morgan Stanley initiated coverage of Intercept Pharmaceuticals...
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Most Of Wall Street Bullish On Alibaba
Thursday, August 13, 2015 - 10:19am | 819Shares of Alibaba Group Holding Ltd (NYSE: BABA) sold off on Wednesday, trading at a historical all-time low of $71.03, after the company reported first-quarter results in which sales fell short of expectations. By Thursday, many Wall Street analysts defended the stock and reiterated bullish...
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Atlantic Equities Initiates Coverage On Alibaba, Cites 80% Market Penetration
Monday, September 8, 2014 - 1:11pm | 402Alibaba Holdings Group Inc. is expected to maintain its 80 percent market share of China's electronic commerce although its lack of order fulfillment facilities presents a risk to investors, an analyst said Monday. Alibaba, expected to launch its initial public offering September 18 at $60...
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UPDATE: Atlantic Equities Upgrades Twitter
Thursday, May 15, 2014 - 8:41am | 190In a note released Thursday, Atlantic Equities analyst James Cordwell upgraded Twitter (NYSE: TWTR) from Underweight to Neutral and Maintained a $35 year-end price target. To begin the note, Corwell wrote, "We continue to have some concerns regarding the company's longer term growth potential, but...