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Facebook Analysts Break Down Q3 Earnings: 'Big Investments For A Big Vision'
Tuesday, October 26, 2021 - 12:19pm | 817Facebook, Inc. (NASDAQ: FB) shares were retreating Tuesday after the social media giant reported yet another quarter of huge profits and impressive growth. On Thursday, Facebook reported third-quarter adjusted EPS of $3.22 beating consensus analyst estimates of $3.19. Revenue of $29.01 billion...
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Roku Rallies On Bullish Analyst Projection For 125M Subscribers
Wednesday, August 26, 2020 - 10:41am | 317Roku Inc (NASDAQ: ROKU) shares traded under $60 in March. They've been on a tear since then, hitting a 52-week high of $176.55 this month, and sell-side analysts have been raising their estimates for the streaming video stock. The Roku Analyst: Citi analyst Jason Bazinet reportedly ...
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Netflix Analyst Downgrades Stock, Says Streaming Service Lacks Operating Leverage
Tuesday, December 3, 2019 - 10:32am | 434Netflix Inc (NASDAQ: NFLX) has done an exceptional job gaining streaming market share among cord-cutters, but one analyst downgraded the stock on Tuesday and said shares are overvalued given Netflix’s lack of pricing leverage. The Analyst Citi analyst Jason Bazinet downgraded Netflix from Buy...
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Citi Downgrades Live Nation, Breaks Down 'Tricky' Valuation
Friday, June 28, 2019 - 12:04pm | 393Four factors make Live Nation Entertainment, Inc’s (NYSE: LYV) valuation "tricky," according to Citi. The Analyst Jason Bazinet downgraded Live Nation Entertainment from Neutral to Sell with an unchanged $63 price target. The Thesis Although Live Nation had cash and cash...
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Citi Raises WWE Price Target Based On Free Cash Flow Outlook
Monday, August 27, 2018 - 1:51pm | 412It’s been an exceptional year so far for World Wrestling Entertainment, Inc (NYSE: WWE) stock and its investors, but one Wall Street analyst says there’s still WWE shares deserve their lofty valuation. The Analyst Citi analyst Jason Bazinet reiterated his Neutral rating and raised...
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3 Reasons Why Citi Projects 28% Downside In SeaWorld Shares
Tuesday, June 12, 2018 - 9:15am | 385Despite SeaWorld Entertainment Inc (NYSE: SEAS) beating expectations in certain financial metrics in its May first-quarter earnings report, investors may be overlooking three notable risks, according to Citi. The Analyst Citi's Jason Bazinet downgraded SeaWorld...
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Citi Defends Live Nation After Reports Of Antitrust Investigation
Tuesday, April 10, 2018 - 4:02pm | 541Live Nation Entertainment, Inc. (NYSE: LYV) rules concert ticketing, but it may do so through fear, according to an April 1 New York Times report. Nevertheless, the stock's weakness since the beginning of April represents a buying opportunity, according to Citi. What Happened Citi's...
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Liberty Interactive Has A Handful Of Risks That Just Cost It A Double Downgrade
Thursday, September 28, 2017 - 9:47am | 401Analysts at Citi Research turned bearish on Liberty Interactive Corp (NASDAQ: QVCA) as there are "too many long-term headwinds" that plague the company's outlook. The firm's Jason Bazinet downgrades Liberty Interactive's stock rating from Buy all the way to Sell with a price target slashed from $27...
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3 Reasons Comcast Should Acquire Verizon, And Why This Cost Dish A Downgrade
Wednesday, July 26, 2017 - 1:53pm | 667Earnings season may be stealing the headlines this week, but M&A chatter is still fervent on the Street. Investors are keeping a close eye on the AT&T Inc. (NYSE: T)—Time Warner Inc (NYSE: TWX) merger and the fates of Sprint Corp (NYSE: S) and T-Mobile US Inc (NASDAQ: TMUS). But...
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Citi Recommends WWE's Stock On Network Subscriber Projections
Monday, March 27, 2017 - 12:48pm | 368It’s never an easy decision for a successful company’s management to commit to a change in strategy to keep pace with the times. However, World Wrestling Entertainment, Inc. (NYSE: WWE)’s pivot from a pay-per-view (PPV) model to a subscription-based model has been a huge success,...
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Citi Downgrades SeaWorld Entertainment Following 20% Rally
Monday, November 14, 2016 - 9:54am | 258Citi has downgraded SeaWorld Entertainment Inc (NYSE: SEAS) to Neutral from Buy, as it finds the risk-reward less compelling after the stock’s 20 percent recent rally after the company revealed better-than-expected attendance and improved synergy targets for 2017 and 2018 while announcing its...
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Citi Likes The Formula 1 Deal By Liberty Media, Upgrades To Buy
Tuesday, September 13, 2016 - 8:47am | 355Citi Equity Research upgraded Liberty Media Group (NASDAQ: LMCA) shares from Neutral to Buy on the addition of Formula One (F1). Analysts, Jason Bazinet and Michael Cohen, lifted the target price by $10 from $22 to $32. 'Transformative' Move The comments come on the heels of the company agreeing to...
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Citi Sees The Bear Case In New Media Investment Group As 'More Likely'
Wednesday, August 24, 2016 - 11:02am | 293Citi downgraded New Media Investment Group Inc (NYSE: NEWM) to Sell from Neutral and hinted at a potential dividend risk by 2019. Citi has lowered its rating citing the following four reasons: "First, the pace of M&A has slowed dramatically in recent years, and we think the firm is...
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Here's Why The BAMTech Acquisition Is An Important Step For Disney
Wednesday, August 10, 2016 - 8:16am | 305Walt Disney Co (NYSE: DIS) marginally topped revenue expectations, backed by strength in Studio and Parks and has plans to acquire a minority stake in video streaming company BAMTech, Citi’s Jason Bazinet said in a report. He maintained a Buy rating on Walt Disney, with a price target of $...
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Citi On TV: 'Sports Networks Face Most Acute Risks'
Wednesday, May 18, 2016 - 7:29am | 397Hulu is likely to launch a sports-centric consumer offering in the first half of 2017, Citi’s Jason Bazinet said in a report. He added that the new offering could exclude certain channels, which would pose a long-term strategic risk for the respective firms. Although the Pay TV ecosystem...