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Citi Downgrades Snap To Sell Amid Negative Sentiment Of Snapchat's Redesign
Tuesday, February 20, 2018 - 11:40am | 365Snap Inc (NYSE: SNAP) surprised investors a couple of weeks ago with its first ever better-than-expected earnings report, which sent shares soaring above the $20 mark for the first time since June 2017. Despite many signs of optimism, one Wall Street analyst thinks investors should be selling the...
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Citi Raises Targets Amazon, Facebook, Priceline, eBay
Friday, January 5, 2018 - 12:08pm | 501The internet sector was a major winner throughout 2017 and some Wall Street analysts are expecting more of the same in 2018. The Analyst Citi's Mark May maintained a Buy rating on the following stocks, with price targets revised higher: Amazon.com, Inc. (NASDAQ: AMZN): price target...
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Citi Analyst Sees Roku Falling 45%, Downgrades To Sell
Friday, January 5, 2018 - 10:40am | 368Aftera huge runup since its September IPO, it's only natural for some Wall Street analysts to start suggesting investors sell Roku Inc (NASDAQ: ROKU) and pocket their gains. The Analyst Citi's Mark May downgraded Roku's stock from Neutral to Sell, with a price target raised from...
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Citi Upgrades Twitter Amid Improving Sentiment
Monday, November 6, 2017 - 12:18pm | 322Shares of Twitter Inc (NYSE: TWTR) were trading lower by around 0.60 percent early Monday morning despite a notable upgrade from Wall Street. Citi's Mark May upgraded Twitter from Sell to Neutral with a $20 price target. Twitter has been lagging its internet peers year-to-date, up just 22...
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Facebook's Q3 Earnings: Here's What Wall Street Thinks
Thursday, November 2, 2017 - 12:51pm | 519Facebook Inc. (NASDAQ: FB) stock dropped 2.6 percent on Thursday after the company reported a third-quarter earnings beat that failed to wow the market. A number of Wall Street analysts weighed in on Facebook following the report. Here’s a rundown of what they had to say. Voices From The...
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What Wall Street Analysts Think About Amazon's Post-Earnings Prospects
Friday, October 27, 2017 - 2:43pm | 683Amazon.com, Inc. (NASDAQ: AMZN)'s stock spiked more than 12 percent Friday after the company reported third-quarter numbers that clearly impressed the market. A number of Wall Street analysts weighed in on Amazon following the report. Here’s a rundown of what they had to say. Voices...
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Investors Are Overestimating The Near-Term Benefit To GrubHub's Earnings From Eat24
Thursday, October 5, 2017 - 10:32am | 301Citigroup downgraded shares of GrubHub Inc (NYSE: GRUB), as it believes the recent run up in shares is now reflecting the near-term outlook. The firm noted that GrubHub shares have gained 44 percent in the year-to-date period and has added 12 percent or $6 per share since it announced the...
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Oh, Snap! Sell-Side Sentiment Thuds As Q2 Earnings Disappoint, Stock Plummets
Friday, August 11, 2017 - 12:36pm | 553Snap Inc (NYSE: SNAP) shared plummeted 11 percent Friday to new all-time lows following a disappointing Q2 earnings report. A number of Wall Street analysts weighed in on Snap on Friday. Here’s a rundown of what they had to say. Voices From The Street UBS analyst Eric Sheridan said another...
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Citi Analyst: We Prefer Snap Over Twitter
Thursday, August 10, 2017 - 12:06pm | 518Neither Snap Inc (NYSE: SNAP) nor Twitter Inc (NYSE: TWTR) are first-round drafts for Citi Research analyst Mark May, but if forced to pick one, he’d take Snap. Some might question the preference considering Twitter’s outperformance, but May is decisive, justifying his position by less...
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Facebook's Post-Earnings Run Mirrors Positive Voices From The Street
Thursday, July 27, 2017 - 2:54pm | 607Facebook Inc (NASDAQ: FB) shares jumped more than 5 percent on Thursday after the company’s second-quarter earnings report blew expectations out of the water. A number of Wall Street analyst weighed in on Facebook following the report. Here’s a rundown of what they had to say. Voices...
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Alphabet's Q2 Earnings Sell-Side Roundup
Tuesday, July 25, 2017 - 3:45pm | 789Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares dropped 3 percent on Tuesday after the company’s second-quarter earnings report disappointed the market. A number of Wall Street analysts weighed in on Google following the report. Here’s a rundown of what they had to say. Voices From...
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Citi: Market Leader Blue Apron Could Reach $10 Per Share Over The Next Year
Tuesday, July 25, 2017 - 1:24pm | 382While Blue Apron Holdings Inc (NYSE: APRN) is trading beneath its IPO pricing of $10, it’s the market leader in the $2.5 billion meal kit sector, Citi analyst Mark May said Tuesday. Citi initiated Blue Apron with a Buy and high-risk rating, as well as a $10 price target. Blue Apron’s...
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Why The Winner From Google Earnings Is Actually Facebook
Tuesday, July 25, 2017 - 12:12pm | 452Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported a strong second-quarter earnings beat Monday, despite taking a $2.7 billion hit from the European Commission’s fine last month, but shares traded down about 3 percent after hours. The dip was also in part due to an increase in the company...
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5 Reasons To Remain Buyers Of eBay
Friday, July 21, 2017 - 11:38am | 368EBay Inc (NASDAQ: EBAY) reported a relatively in-line earning report, but disappointing guidance and tougher comps sent shares falling nearly 4 percent. However, Citi analyst Mark May does not believe the move was justified as he came “away incrementally positive on shares of eBay.” May...
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4 Reasons Expedia Got An Upgrade From Citi
Wednesday, June 28, 2017 - 1:40pm | 514Analysts at Citi are now recommending investors buy shares of Expedia Inc (NASDAQ: EXPE) even though the stock has already gained 30 percent in 2017 alone and nearly 50 percent over the past year. Citi's Mark May upgraded Expedia's stock rating from Neutral to Buy with a price target boosted from $...