Scott Devitt

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...

Ongoing stay-at-home directives and mass closures of physical retail stores due to the coronavirus has prompted consumers to spend more money online, and this trend bodes well for eBay Inc (NASDAQ: EBAY), according to Stifel.  The eBay Analyst Scott Devitt upgraded eBay from Hold to...

Stitch Fix Inc (NASDAQ: SFIX) plunged more than 40% Monday night after reporting third-quarter sales guidance of $465-$475 million, far below the $506 million estimate. Full-year sales guidance between $1.81 billion and $1.84 billion — also well below market forecasts of $1.92 billion. It...

Amazon.com, Inc. (NASDAQ: AMZN) is delivering returns to investors even faster than it can deliver stuff to your door. Amazon's stock was surging Friday as investors responded to the delivery giant's strong fourth-quarter print, sending the company's market valuation above $1 trillion....

Uber Technologies Inc (NYSE: UBER) shares are down about 28% since the ride-hailing service's IPO, and Lyft Inc (NASDAQ: LYFT) shares are down about 39%.  What's In Store For Uber In 2020?  Multiple analysts are maintaining bullish ratings on Uber despite the stock's...

Etsy Inc (NASDAQ: ETSY) reported second-quarter results highlighted by a beat on the EPS line but revenue of $132.4 million missed expectations of $181.1 million. Despite a revenue shortfall, management still lifted its full year revenue guidance and this received a mix reaction from Street...

The RealReal (NASDAQ: REAL), an online marketplace for authenticated luxury goods, hit the public market for the first time in June and shares remain about 20% higher compared to its $20 IPO pricing. The Analysts Raymond James' Aaron Kessler initiated coverage of The RealReal's stock with a...

Shares of personalized fashion company Stitch Fix Inc (NASDAQ: SFIX) have lost more than 15% since the start of July which Stifel says creates a buying scenario. The Analyst Stifel's Scott Devitt upgraded Stitch Fix from Hold to Buy with an unchanged $35 price target. The Thesis The case for...

Stifel is bullish on the ride-hailing industry and raised its target price on Lyft Inc (NASDAQ: LYFT), while starting coverage of Uber Technologies Inc (NYSE: UBER). The Analyst Stifel’s Scott Devitt raised the target price on Lyft from $70 to $76 and is keeping a Buy rating on the stock....

Notwithstanding the recent sell-off in Alibaba Group Holding Ltd (NYSE: BABA), its shares represent an opportunity for long-term investors, according to Stifel.  The Analyst Analyst Scott Devitt maintained a Buy rating on Alibaba with a $220 price target for Alibaba shares. Stifel also...

Wayfair Inc (NYSE: W) shares continued to fall Friday after reporting a bigger-than-expected first-quarter loss. Sell-side analysts remain mostly cautious on the still-unprofitable e-commerce company, saying heavy spending is a near-term headwind, though several still like the company in...

Google's parent company Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported first-quarter results which prompted an immediate sell-off in the stock as the report showed a deceleration of growth in certain key metrics. Here is a summary of how some of the Street's top analysts reacted to...

Okay, Google, what’s the Street saying about your mixed first-quarter earnings? The Rating Stifel analysts Scott Devitt and Logan Thomas downgraded Alphabet Inc Class A (NASDAQ: GOOGL) to Hold and maintained a $1,287 price target on the stock. The Thesis For the first time since 2015, the...

Longtime Square Inc (NYSE: SQ) CFO Sarah Friar confirmed Wednesday she will step down from her post to assume the CEO title of Nextdoor, a social network for local neighborhoods. Square's stock sold off more than 15 percent Thursday. Here's a summary of how some of the Street's top...

Just days after a sell-side firm predicted Amazon.com, Inc. (NASDAQ: AMZN) shares will skyrocket to $3,000 by 2020, one Stifel analyst raised the firm's price target to suggest roughly 28-percent upside from current levels. The Analyst Analyst Scott Devitt maintained a Buy rating on...