Justin Patterson

Although Airbnb Inc (NASDAQ: ABNB) reported upbeat third-quarter results, with revenue of $2.88 billion and earnings of $1.79 per share, analysts slashed price targets. RBC Capital Markets Analyst Brad Erickson maintained a Sector Perform rating, with a price target of $110. “ABNB beat Q3 but...

After all the tech bloodbath, it was a refreshing sight to see a social media stock rally hard following its quarterly results. What Happened: Pinterest Inc. (NYSE: PINS) shares climbed 9.64% late on Thursday after it reported third-quarter revenue that rose 8% to $685 million and exceeded the...

Meta Platforms Inc. (NASDAQ: META) shares plunged close to 20% late on Wednesday after the company reported a third-quarter earnings miss and issued a below-consensus forecast for the running quarter. KeyBanc Downgrades Stock: While Meta’s third-quarter results and fourth-quarter guidance...

Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) shares were trading lower on Wednesday after the company disappointed Wall Street with its third-quarter earnings. On Tuesday, Alphabet reported third-quarter adjusted EPS of $1.06 on revenue of $69.09 billion. Both numbers missed consensus analyst...

As Meta Platforms Inc. (NASDAQ: META) and Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) prepare to release their third-quarter results, an analyst at KeyBanc Capital Markets took down his estimates — both current year and forward — as well as price targets for shares. What Happened:...

Snap Inc (NYSE: SNAP) shares traded lower by 30% on Friday after the company disappointed Wall Street with its third-quarter numbers. On Thursday, Snap reported third-quarter adjusted EPS of 8 cents, beating analyst estimates of a break-even quarter. Snap's $1.13 billion in revenue for the...

Shares of Netflix Inc (NASDAQ: NFLX) rose sharply Tuesday after the market close after the streaming giant reported third-quarter financials that beat analysts’ expectations. The Street is sharing updated thoughts on what’s ahead for Netflix as it works to return to growth and...

Meta Platforms Inc. (NASDAQ: META) held its Meta Connect 2022 on Tuesday where it showed off its metaverse product slate, announced additional partnerships and also released its next-gen Quest Pro headset. What Happened: Following the event, KeyBanc Capital Markets analyst Justin Patterson...

Spotify Technology SA (NYSE: SPOT) launched audiobooks in the U.S. last week. What Happened: Commenting on the development, KeyBanc Capital Markets analyst Justin Patterson reiterated an Overweight rating and a $148 price target for Spotify shares. Audiobooks could be immaterial to Spotify’s...

Engagement trends for social media platforms improved sequentially in the third quarter, KeyBanc Capital Markets said, citing its quarterly consumer survey. Pinterest Inc. (NYSE: PINS) and TikTok, however, were the only platforms to see year-over-year growth as well, the firm said. Impressed With...

Snap Inc (NYSE: SNAP) shares traded higher by 15% on Wednesday after the social media giant disclosed in a new filing that it will be restructuring its business and laying off 20% of its staff. Snap CEO Evan Spiegel told employees via a memo on Tuesday that the company needs to restructure its...

Trade Desk Inc. (NASDAQ: TTD) reported its second-quarter revenues ahead of expectations and guided to upbeat sales in the third quarter. Needham On Trade Desk Analyst Laura Martin maintained a Buy rating while raising the price target from $55 to $65. Trade Desk reported quarterly revenues of $377...

Here is what analysts are saying about digital advertising company PubMatic Inc. (NASDAQ: PUBM), which just reported second-quarter financial results, and beat consensus earnings per share and revenue estimates. The PUBM Analysts RBC Capital analyst Matthew Swanson has an Outperform rating and a...

Match Group Inc (NASDAQ: MTCH) shares dropped 17% on Wednesday after the online dating company reported disappointing second-quarter revenue and issued lackluster guidance. On Tuesday, Match reported a second-quarter EPS loss of 11 cents, well short of the 53-cent profit analysts had expected....

Pinterest reported second-quarter financial results after the close Monday and saw shares jump on the report and guidance that calls for mid-single digit year-over-year growth for the third quarter. Here’s what analysts had to say about earnings and new CEO Bill Ready. The Pinterest Analysts...