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Needham Cites Amazon's 'Established Dominance,' Upgrades To Buy With $1,100 Price Target
Monday, April 10, 2017 - 1:01pm | 476Read More...Needham's Kerry Rice turned bullish on Amazon.com, Inc. (NASDAQ: AMZN) and upgraded the stock's rating from Hold to Buy with a newly established $1,100 price target. According to Rice, Amazon's "established dominance" in the U.S. market is expected to be sustainable given the...
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Needham Maintains Buy Rating, $140 Target On LendingTree Ahead Of Q1 Results
Monday, May 2, 2016 - 5:04pm | 228Read More...Lendingtree Inc (NASDAQ: TREE) is expected to report its first quarter results modestly above expectations, according to a note from Needham. The online loan marketplace company is set to report its first quarter numbers on May 4 before the market open. Wall Street analysts, on average, expect...
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Amazon Break-Up Hype Continues, But Analysts Don't Buy It
Thursday, December 18, 2014 - 9:04am | 794Read More...Amazon.com, Inc. (NASDAQ: AMZN) has given no indication that it will separate AWS from its dot-com business, but some continue to push for a break-up. Researchers at The Edge Consulting Group have suggested that Amazon should spinoff AWS at least two times this year. The company's first...
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How Snapchat's Monetization Deal With Amazon Could Boost Its IPO
Thursday, November 20, 2014 - 4:57pm | 536Read More...Amazon.com, Inc. (NASDAQ: AMZN) has found a new way to promote its brand: by using social media sites that most retailers ignore. The dot-com retail giant already made headlines when it allowed Twitter Inc users to shop by replying to tweets. Now Amazon will send quick, exclusive deals via...
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Why Amazon Shouldn't Be Afraid Of Google Express
Thursday, October 16, 2014 - 12:25pm | 744Read More...Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) will start charging an annual fee for its experimental delivery service. Now officially known as Google Express, the service provides same-day and overnight delivery options for customers who spend more than $15. "Many people think our main...
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What Is PayPal Really Worth? eBay's Earnings Might Give A Hint
Wednesday, October 15, 2014 - 1:14pm | 560Read More...Analysts aren't expecting too many surprises when eBay Inc (NASDAQ: EBAY) reports after the market close Wednesday, but investors are eager to see how PayPal performed. "Expect an in-line quarter," Needham analyst Kerry Rice told Benzinga. "Marketplace is still struggling,...
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5 Little Known Things About The Twitch-Amazon Deal
Thursday, August 28, 2014 - 9:27am | 757Read More...Amazon's (NASDAQ: AMZN) recent purchase of Twitch should not be taken lightly. The online retail giant acquired the live streaming video platform for $970 million. The surprising deal might appear pretty straightforward, but there are five key things not everyone knows about it. 1. Twitch...
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5 Things You Need To Know About Twitch's Sale To Amazon
Wednesday, August 27, 2014 - 10:58am | 864Read More...Amazon (NASDAQ: AMZN) officially announced that it had acquired Twitch for $970 million this week. The deal came weeks after reports indicated that Google (NASDAQ: GOOG) (NASDAQ: GOOGL) would acquire the firm. "I think it's a great move by Amazon," Dan Sahar, co-founder and VP of Product...
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Disney Vs. Amazon: Who Will Win?
Friday, August 15, 2014 - 11:44am | 511Read More...Disney (NYSE: DIS) is currently embroiled in a pricing, promotion and product placement battle with Amazon (NASDAQ: AMZN). The two companies can't seem to agree on any of those issues. Consequently, Amazon is preventing consumers from pre-ordering Disney's movies on DVD or Blu-ray. Two...
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Is Amazon Building An Unnecessary Smartphone?
Friday, May 2, 2014 - 3:25pm | 522Read More...New images continue to indicate that Amazon (NASDAQ: AMZN) is building its first smartphone. But is this a product that the company actually needs to release? Needham & Co. analyst Kerry Rice thinks Amazon should not bother entering this crowded and highly competitive market. "I don't...
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Is Amazon's Double Helix Acquisition Proof Of A New Game Console?
Thursday, February 6, 2014 - 4:33pm | 733Read More...For months, Amazon (NASDAQ: AMZN) has been rumored to be developing its first game console. The rumors initially claimed that Amazon wanted to compete directly with Apple's set-top box, but that device only retails for $99 and does not yet play games. In the months that followed, additional...
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UPDATE: Needham Raises PT on Google as Solid Quarter Alleviates Uncertainty and Raises 4Q13 Expectations
Friday, October 18, 2013 - 12:09pm | 96Read More...In a report published Friday, Needham & Company analyst Kerry Rice reiterated a Buy rating on Google (NASDAQ: GOOG), and raised the price target from $1,000.00 to $1,150.00. In the report, Needham & Company noted, “We continue to like Google heading into Q4 as we expect paid clicks growth...
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Needham Reiterates Buy on LinkedIn Following Investor Meeting
Wednesday, August 28, 2013 - 11:51am | 146Read More...In a report published Wednesday, Needham analyst Kerry Rice reiterated a Buy rating and $280.00 price target on LinkedIn Corp. (NYSE: LNKD). In the report, Needham noted, “We held an investor meeting with LinkedIn's Investor Relations team at the company's San Francisco office yesterday. The tone...
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Is it Time to Buy Groupon Yet?
Friday, May 4, 2012 - 2:21pm | 326Read More...With shares trading near $10, down from the company's $20 IPO, it may just be time to consider investing in Groupon (NASDAQ: GRPN). On Thursday, Formula Capital's James Altucher appeared on CNBC's Fast Money and recommended that investors consider the stock. He stated that the ill-will towards the...
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Google to Acquire Twitter?
Friday, April 20, 2012 - 1:03pm | 584Read More...The search engine giant is one of many names being tossed around in the quest for Twitter's acquisition. Yahoo! (NASDAQ: YHOO), Microsoft (NASDAQ: MSFT) and News Corp. (NASDAQ: NWSA) are among the companies that are believed to be looking at Twitter, a company that is often criticized for failing...
