-
Pinterest Rallies On Q3 Results, Analysts Say Platform Becoming An E-Commerce Play
Thursday, October 29, 2020 - 11:14am | 566Pinterest Inc (NYSE: PINS) shares were trading higher Thursday after the company reported better-than-expected third-quarter EPS and sales results. The platform saw an increase in users under the age of 25 and growth in search usage, suggesting that Pinterest is becoming an increasingly...
-
7 Peloton Analysts On The Q4 Report: 'A Bona Fide Growth Company'
Friday, September 11, 2020 - 1:18pm | 795Peloton Interactive Inc (NASDAQ: PTON) analysts raised their price targets after the at-home exercise company issued its fourth-quarter report and guidance for fiscal year 2021. The Peloton Analysts: MKM Partners analyst Rohit Kulkarni maintained a Neutral rating on Peloton and raised...
-
Uber Vs. Lyft: Which Is In A Better Position To Weather COVID, California Storms?
Thursday, August 13, 2020 - 12:00pm | 447Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) both stand to experience headwinds from a negative California ruling that they must classify drivers as employees. But among the two ride-hailing companies, Uber is better positioned to weather the storm, according to two analysts. Lyft...
-
6 Slack Analysts On Q1 Results, Billing Numbers, Microsoft Competition: 'An Unexpected Dichotomy'
Friday, June 5, 2020 - 12:36pm | 1026If there were any beneficiaries of the coronavirus pandemic, Slack Technologies Inc (NYSE: WORK) seemed to be one. The company’s first-quarter results Thursday demonstrated 50% top-line growth, reflecting rapid adoption by companies shifting to remote operations. Slack exceeded Street...
-
Analysts Still All-In On Uber Despite Mixed Q1 Results, Coronavirus Environment
Friday, May 8, 2020 - 10:41am | 1081Like rival Lyft Inc (NASDAQ: LYFT), Uber Technologies Inc (NYSE: UBER) reported mixed first-quarter earnings with a big bottom-line miss and significant top-line beat. But by and large, analysts offered glass-half-full interpretations. The Details Morgan Stanley celebrated 20% rides bookings growth...
-
5 Analysts Weigh In On Lyft's Mixed Q1
Thursday, May 7, 2020 - 1:36pm | 1073Lyft Inc (NASDAQ: LYFT)’s stock plunged Wednesday on news of job cuts and opex reductions, but the company seemed to redeem itself with a first-quarter sales beat after the close. Lyft’s $955.71 million in sales exceeded estimates of $897.86 million, even as a bottom-line loss of $...
-
Analysts See Peloton Taking Off Even After States Lift Stay-At-Home Orders
Thursday, May 7, 2020 - 10:30am | 815Peloton Interactive Inc (NASDAQ: PTON) recorded mixed first-quarter results with its 20-cent loss just shy of 18-cent loss forecasts and its $524.6 million sales exceeding estimates of $485.4 million. “Notably, PTON was able to beat expectations despite pausing advertising spend,”...
-
Wall Street Reacts To Twitter's Mixed Quarter: Positioning For 2021?
Friday, May 1, 2020 - 1:10pm | 681Twitter Inc (NYSE: TWTR) shares were down 5% on Friday after the company reported an earning beat in the first quarter but failed to reassure investors that its advertising business has stabilized in the current quarter. Twitter reported first-quarter earnings per share of 11 cents on $808 million...
-
Amazon Analysts React To Q1 Earnings: Stock Sell-Off Is Short-Sighted
Friday, May 1, 2020 - 11:55am | 1036Amazon.com, Inc. (NASDAQ: AMZN) shares traded lower by more than 7% on Friday after the company missed first-quarter earnings estimates and said it plans to spend $4 billion in the second quarter combatting the coronavirus (COVID-19). Amazon reported first-quarter EPS of $5.01, short of consensus...
-
Wall Street Weighs In On Facebook's Big Quarter: Innovation Accelerates Amid Pandemic
Thursday, April 30, 2020 - 11:33am | 837Facebook, Inc. (NASDAQ: FB) shares jumped 5.9% on Thursday after the company reported that ad revenue has stabilized following a steep drop in March. On Wednesday afternoon, Facebook reported first-quarter revenue of $17.74 billion, up 18% from a year ago. The social media giant also reported 2.99...
-
5 Reasons To Buy Snapchat's Stock After 30% Decline
Thursday, March 5, 2020 - 10:46am | 372Shares of Snap Inc (NYSE: SNAP) have fallen 30% since the end of January and investors should be buyers of the dip, according to MKM Partners. The Snap Analyst Rohit Kulkarni upgraded Snapchat's stock from Neutral to Buy with an unchanged $19 price target. The Snap Thesis Snap's stock...
-
Sell-Side Remains Cautions On Slack Following Q3 Earnings Beat
Thursday, December 5, 2019 - 11:00am | 655Slack Technologies Inc (NYSE: WORK) reported third-quarter revenue and earnings beats on Wednesday. Slack also guided for fourth-quarter revenue of between $172 million and $174 million, slightly above consensus analyst expectations of $172.4 million. However, Slack also guided for a fourth-quarter...
-
Peloton Falls As Analyst Post-IPO Quiet Period Ends
Monday, October 21, 2019 - 12:12pm | 863Exercise equipment maker Peloton Interactive Inc (NASDAQ: PTON) traded below its IPO price in late September. On Monday, multiple analysts released their first thoughts on the company's stock. The Analysts MKM Partners analyst Rohit Kulkarni initiated coverage at Neutral, $24 fair value...
-
Why MKM Is Neutral On These 3 Social Media Stocks
Friday, October 18, 2019 - 2:12pm | 669Social media users have plenty to type about these days, but not every platform is buzzing. MKM Partners is on the fence about the near-term prospects of three socials in particular. The Ratings MKM Executive Director Rohit Kulkarni initiated coverage on the following stocks: Snap Inc (NYSE: SNAP...
-
Lyft, Uber Regulatory Hurdles Keep This Analyst On The Sidelines For Now
Thursday, October 3, 2019 - 1:09pm | 430MKM Partners started coverage of the two rideshare giants, Uber Technologies Inc. (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) with Neutral ratings, citing regulatory uncertainty in the still developing industry. MKM's Rohit Kulkarni initiated coverage of Uber a price target of $32 and started its...