Rohit Kulkarni

Pinterest 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...

Peloton 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 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...

If 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...

Like 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...

Lyft 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 $...

Peloton 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,”...

Twitter 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.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...

Facebook, 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...

Shares 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...

Slack 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...

Exercise 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...

Social 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...

MKM 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...