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'Imminent Dilemma'? Netflix's Strong Q1 Net Adds Leave Some On Wall Street Worried
Wednesday, April 22, 2020 - 1:42pm | 1003Netflix Inc (NASDAQ: NFLX) reported strong quarterly results Tuesday, with global net subscriber additions well ahead of the consensus estimate. The Netflix Analysts Nomura Instinet analyst Mark Kelley maintained a Neutral rating on Netflix and lifted the price target from $330 to $390....
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What To Do With Etsy's Stock After 15% Surge
Thursday, February 27, 2020 - 8:34pm | 720Online marketplace Etsy Inc (NASDAQ: ETSY) reported fourth-quarter results that came in above expectations and was followed up with better-than-expected guidance for 2020. Here is a summary of how some of the Street's top analysts reacted to the print. The Etsy Analysts Nomura Instinet analyst...
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Analysts Not Worried About Spotify, Say 2020 Will Be An Investment Year
Thursday, February 6, 2020 - 1:11pm | 568Spotify Technology SA (NYSE: SPOT) shares began climbing back Thursday after falling a day earlier following earnings disappointment, and sell-side analysts remained mostly positive on the company's overall outlook and pushed price targets higher. Spotify was off about 6% on Wednesday after the...
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Facebook Investors Appear To Heed Warnings About Privacy Headwinds, Analysts Say Keep Buying
Thursday, January 30, 2020 - 3:21pm | 834Facebook Inc. (NASDAQ: FB) keeps warning about looming headwinds for its stock because of concerns about how it deals with users' privacy. But Facebook's revenue and user base just keep growing. Investors appeared to share Facebook's more cautious outlook on Thursday, selling...
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Nomura: Netflix, Amazon 'Best Positioned' In The Streaming Wars
Wednesday, January 15, 2020 - 4:00pm | 550Netflix Inc. (NASDAQ: NFLX) and Amazon.com Inc. (NASDAQ: AMZN) are the best-positioned companies to take advantage of the movement toward streaming entertainment, Nomura Instinet said in a new look at the industry. While Netflix, the pioneering early giant in the space, and Amazon look best among...
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Activision Blizzard Has Large Option Traders' Attention Following Bullish Analyst Commentary
Friday, January 10, 2020 - 3:32pm | 680After a disastrous end to 2018, video game publisher Activision Blizzard, Inc. (NASDAQ: ATVI) shares stabilized in 2019. On Friday, Activision had the attention of several large option traders, and the action was more bullish than bearish. The Trades Benzinga Pro subscribers received seven option...
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Analyst: Snap, Twitter Off To Strong Starts In Q4
Tuesday, November 5, 2019 - 12:45pm | 560Most investors have to wait until the end of a quarter to get feedback on how a company performed during the quarter. However, internet stock investors can get some helpful hints about usage and download trends along the way. Social Media And Video On Tuesday, Nomura Instinet analyst Mark Kelley...
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Hey Google! Sell-Side Sentiment Solid After Alphabet's Q3 Earnings Disappoint
Tuesday, October 29, 2019 - 11:20am | 782Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares dipped 2% on Tuesday after the company’s third-quarter earnings report fell short of Wall Street expectations. Google’s parent company reported third-quarter EPS of $10.12, below consensus estimates of $12.42. Revenue of $40.5 billion...
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Analysts Remain Bullish On Spotify
Tuesday, October 29, 2019 - 10:40am | 633Spotify Technology SA (NYSE: SPOT) traded down 3.2% on Monday following the company’s earnings release. Analysts considered the pullback unfounded. While ad and total revenue fell short of expectations, Spotify reported a beat in ad-supported monthly active users, average revenue per user,...
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'This Will Take Time To Fix': Wall Street Weighs In On Twitter
Friday, October 25, 2019 - 11:15am | 725Twitter Inc (NYSE: TWTR) has been one of the biggest disappointments in a relatively strong start to earnings season, with shares plummeting more than 20% following its third-quarter print. Twitter blamed platform bugs and advertising headwinds for its earnings and revenue misses in the third...
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International Subscriber Growth Keeps Analysts Mostly Still Tuned In To Netflix
Thursday, October 17, 2019 - 3:39pm | 782Will Netflix Inc. (NASDAQ: NFLX) be able to fend off new competition and continue to grow subscribers? It wasn't looking so good a few months ago, but after a rebound in subscriber growth in the third quarter led by overseas customers some analysts are thinking: Stranger Things have happened....
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What To Expect From Q3 Internet Earnings
Wednesday, October 9, 2019 - 4:24pm | 944The tech sector has had a lackluster quarter performance-wise since the beginning of second-quarter earnings season. Tech bulls are hoping the sector can get back on the right track when third-quarter earnings season kicks off with Netflix, Inc. (NASDAQ: NFLX) on Oct. 16. Nomura Instinet analyst...
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Nomura: Don't Break Up With Match Group Over FTC Lawsuit
Monday, October 7, 2019 - 3:12pm | 369Investors should consider giving Match Group Inc. (NASDAQ: MTCH) some love, another sell-side analyst said Monday, predicting a federal lawsuit over its marketing won’t cause any long-term heartbreak. The Analyst Nomura Instinet’s Mark Kelley upgraded Match Group from Neutral to Buy and...
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Nomura Is Bullish On Etsy, Positive On Reverb
Friday, October 4, 2019 - 1:13pm | 338Etsy Inc (NASDAQ: ETSY) has received a new initiation of coverage. The Analyst Nomura Instinet analyst Mark Kelley initiated coverage on Etsy's stock with a Buy rating and a $70 price target. The Thesis Kelley said Etsy has demonstrated consistent management execution since 2017, and has...
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Winners And Losers From Nomura CIO Spending Survey
Monday, September 23, 2019 - 4:30pm | 617Nomura Instinet released its bi-annual survey of CIO spending, and the analyst team led by Jeffrey Kvaal, Christopher Eberle, Mark Kelley and David Wong selected their top winners and losers from the latest trends in IT budgets. Nomura said the good news for tech investors is that the trade...