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Facebook 'Hit Reset' On Expectations: Wall Street Responds To The Lackluster Quarter
Thursday, July 26, 2018 - 1:04pm | 787Facebook, Inc. (NASDAQ: FB) dropped 20 percent Thursday following its second-quarter earnings call Wednesday. Earnings figures were mixed, with a beat on EPS and miss on sales, but the key figures were Facebook’s daily and monthly active users. Both grew by 11 percent globally, just...
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Activision Blizzard In A Battle Royale Of Its Own Against 'Fortnite'
Sunday, May 6, 2018 - 2:41pm | 723Activision Blizzard, Inc. (NASDAQ: ATVI) closed the week up 4.52 percent after reporting a first-quarter earnings beat Thursday. Even without any major releases, Activision had a strong quarter that saw 24-percent year-over-year EPS growth. The video game manufacturer's earnings did not go as...
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The Snap Bull Vs. Bear Debate After The Q1 Print
Wednesday, May 2, 2018 - 10:43am | 630Should investors take advantage of the sell-off in Snap Inc (NYSE: SNAP) stock after the company's first-quarter print? That depends on which Wall Street analyst you ask. The Analysts Morgan Stanley's Brian Nowak maintains an Underweight rating on Snap's stock with...
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William Blair Remains Bullish On Stitch Fix After Q2 Earnings Beat, Client Growth
Tuesday, March 13, 2018 - 10:27am | 402Stitch Fix Inc (NASDAQ: SFIX), an online subscription shopping service, reported second-quarter results that reinforce the bullish case for owning the stock, according to William Blair. The Analyst William Blair's Ralph Schackart maintains an Outperform rating on Stitch Fix's stock. The...
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Here's How YouTube Could Add $10-$20 To Google's EPS By 2022
Wednesday, February 28, 2018 - 12:37pm | 462The shift from offline to online video consumption is proceeding at a brisker pacer, which should benefit Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)'s YouTube platform, according to William Blair. The Analyst William Blair analyst Ralph Schackart has an Outperform rating on the...
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William Blair Sticks With Roku After Negative Response To Streaming Service's Q4
Thursday, February 22, 2018 - 11:07am | 364Roku Inc (NASDAQ: ROKU)'s stock initially sold off around 20 percent in reaction to its fourth-quarter results Wednesday, but at least one Wall Street analyst is unconcerned and maintaining a bullish stance. The Analyst William Blair's Ralph Schackart maintains an Outperform rating...
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Tech Analyst: Pandora's 'Solid' Q4 Shows Signs Of Executing On Strategy
Thursday, February 22, 2018 - 9:08am | 347Pandora Media Inc (NYSE: P) reported its fourth quarter results, which emphasized the bullish case for owning the stock, according to William Blair. The Analyst William Blair's Ralph Schackart maintains an Outperform rating on Pandora Media's stock. The Thesis Pandora reported a revenue...
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Facebook's Q4: Were News Feed Fears Overblown?
Thursday, February 1, 2018 - 11:48am | 485Despite notable changes to the platform's news feed, Facebook Inc (NASDAQ: FB)'s investors have little reason to be concerned, according to William Blair. The Analyst William Blair's Ralph Schackart maintains an Outperform rating on Facebook's stock. The Thesis Facebook...
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Facebook's Algorithm Changes Could Boost Ad Prices, Says William Blair
Thursday, January 18, 2018 - 4:04pm | 467Facebook, Inc. (NASDAQ: FB) shares have experienced uncertainty over the past week after announcements of changes to the platform's news feed algorithm. But analysts at William Blair are optimistic that the changes will lead to more efficient advertising in the long run. The...
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Analyst: Snap's Ad Business Will Be 'Painful' For Now, But Set For Long-Term Success
Wednesday, November 8, 2017 - 4:06pm | 370Snap Inc (NYSE: SNAP) disappointed investors in its third-quarter report across various metrics. Revenue of $207.9 million fell short of the $236.9 million Wall Street analysts expected, daily active users (DAUs) totaled 178 million which was short of the 181. million expected and average revenue...
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CarGurus Could Be In The Fast Lane To Outperformance
Monday, November 6, 2017 - 12:02pm | 507William Blair initiated coverage of CarGurus Inc (NASDAQ: CARG) with an Outperform Monday, reasoning that dollars will flow along with web traffic. CarGurus Inc IPO-ed Oct. 12, offering 150.40 million shares priced at $16. The quiet period on the IPO expired Monday. After listing at $...
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4 Views On How To Play Activision Blizzard Post-Earnings
Friday, November 3, 2017 - 2:59pm | 793Shares of Activision Blizzard, Inc. (NASDAQ: ATVI) hit a new all-time high of $67.03 Friday morning before returning all of the daily gains and then losing an additional 4.5 percent in reaction to the company's third quarter earnings report. Here is a summary of what some of Wall Street's...
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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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Snap's Millennial Audience, Ad Potential Drive This Bullish Outlook
Monday, March 27, 2017 - 1:16pm | 434More than half of Snap Inc (NYSE: SNAP)’s daily users are between 13 and 24, and that makes the social platform a mandatory ad buy for many brands, according to William Blair. The firm initiated the parent company of the Snapchat app with an Outperform on Monday, joining other firms who...
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Investors Continue To Debate The Fate Of Facebook Under Trump; Shares Could Approach $150
Tuesday, January 10, 2017 - 2:24pm | 389William Blair says Facebook Inc (NASDAQ: FB) shares could approach $150 while investors continue to debate the fate of the social media giant under the upcoming Trump presidency. Facebook shares, along with other large-cap internet stocks, sold off after the election as investors took some money...