Scott Devitt

Amazon.com, Inc. (NASDAQ:AMZN) stock gained good ground this year, up 78% on a YTD basis (as of Dec. 21, 2023). It is the most valuable company of 2023. Wedbush expects Amazon to clock $46.5 billion in advertising revenue in 2023. It sees the company well-positioned to continue taking a share of...

Shares of Lyft Inc (NASDAQ: LYFT) continued to decline in early trading on Thursday, after tanking in the previous trading session on the company’s third-quarter earnings. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Truist...

Shares of Pinterest Inc (NYSE: PINS) spiked higher on Tuesday after the company reported strong third-quarter earnings. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. BofA Securities On Pinterest Analyst Justin Post upgraded the...

E-commerce giant Amazon.com, Inc (NASDAQ: AMZN) is set to report third-quarter financial results after market close on Thursday, Oct. 26, 2023. Here’s a look at the earnings estimates from analysts, what analysts are saying and key items for investors to watch. Earnings Estimates:...

Shares of Airbnb Inc (NASDAQ: ABNB) rose in early trading on Friday, after the company reported an earnings beat for the second quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Wedbush On Airbnb Analyst Scott Devitt...

Wedbush Securities on Tuesday initiated coverage on multiple stocks in the Online Travel and Mobility sector, signaling potential upside for all of them, with Booking Holdings Inc (NASDAQ:BKNG) being assigned to the Wedbush Best Ideas List. The Wedbush Analyst: Scott Devitt initiated coverage on...

E-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) reported mixed earnings Thursday and announced guidance that came in lower than analysts' estimates for the second quarter. Here's why analysts are lowering their price targets and sound more cautious moving forward.  The Amazon Analysts...

Netflix Inc (NASDAQ: NFLX) shares traded higher last week following an upgrade and price target increase from Stifel. Netflix has an "electric content lineup" set to roll out over the last three months of the year, Stifel analyst Scott Devitt said Monday on CNBC's "Squawk On...

Poshmark Inc (NASDAQ: POSH) is the best-positioned company in the market for resale apparel, given its “asset-light business model,” which supports healthy long-term margins and allows for “rapid expansion in new markets with minimal expected capex,” according to Stifel. The...

Google parent company Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) showed an impressive and speedy recovery in its digital advertising business after bottoming in 2020, according to Stifel. The Alphabet Analyst: Scott Devitt upgraded Alphabet's stock rating from Hold to Buy with a price target...

JD.com (NASDAQ: JD) continues to be a leading e-commerce platform in China and has several “secular growth trends to support healthy long-term growth and ongoing margin expansion,” according to Stifel. The JD.com Analyst: Scott Devitt upgraded JD.com from Hold to Buy and raised the...

Ride-hailing company Lyft Inc (NASDAQ: LYFT) reported second-quarter results that immediately sent shares trading higher. But the stock reversed course and dipped into negative territory as the company acknowledged it may need to pause its operations in California. The Analysts CFRA analyst...

Shares of eBay Inc (NASDAQ: EBAY) opened lower Wednesday despite the auction site reporting a top-and-bottom-line beat in its second quarter. Here's how some of the Street's top analysts reacted to the print. The Analysts: Stifel analyst Scott Devitt maintained a Buy rating on eBay...

Shares of Chinese e-commerce company JD.Com Inc (NASDAQ: JD) are trading in record territory for the second straight session, thanks to strong first-quarter results. The JD.com Analysts Stifel analyst Scott Devitt maintained a Neutral rating on JD.com and raised the price target from $43 to $50....

Online furniture company Wayfair Inc (NYSE: W) disclosed 90% revenue in the second quarter, but investors shouldn't expect this "unprecedented" surge in sales to last forever, according to Stifel. The Wayfair Analyst Scott Devitt downgraded Wayfair from Hold to Sell with a...