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UPDATE: FBN Securities Reiterates On Pandora On Good Execution, Slow User Growth
Monday, October 27, 2014 - 8:18am | 180In a report published Monday, FBN Securities analyst Shebly Seyrafi reiterated an Outperform rating on Pandora Media Inc (NYSE: P), but lowered the price target from $35.00 to $30.00. In the report, FBN Securities noted, “We reiterate our Outperform rating on P and lower our PT from $35 to $30. We...
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FBN Securities On Yelp: Strong Quarter, Weak Guidance Dampens Sentiment
Thursday, October 23, 2014 - 2:45pm | 207Shebly Seyrafi of FBN Securities commented on Yelp Inc's (NYSE: YELP) third quarter results which were reported on Wednesday. Shares tumbled on Thursday as Yelp reported third quarter earnings which according to Seyrafi was "another strong quarter" but was coupled with "weaker" guidance and several...
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FBN Securities Sees Buying Opportunity In EMC
Wednesday, October 22, 2014 - 2:57pm | 221FBN Securities issued a research note on EMC Corporation (NYSE: EMC) Wednesday and saw the recent pullback as a buying opportunity. The firm reiterated its Outperform rating and $33 price target. Analyst Shebly Seyrafi noted that the pullback creates a buying opportunity because EMC is "...
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Deutsche Bank: eBay Could Attract Buyers, Activists
Thursday, October 16, 2014 - 2:03pm | 445EBay Inc (NASDAQ: EBAY) and its PayPal unit each face rising headwinds and might attract buyout artists and activist shareholders, an analyst said Thursday. But "worse is better" in the view of Deutsche Bank's Ross Sandler, who said once the PayPal spin off is completed in the...
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Hewlett-Packard Company Shake Up Nets Analysts' Accolades
Monday, October 6, 2014 - 4:50pm | 440Hewlett-Packard Company's (NYSE: HPQ) plan to split itself into two companies will offer greater management focus and more flexibility to pursue mergers and acquisitions, analysts said Monday. Under the plan confirmed Monday, a new business technology company will offer data storage and...
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FBN Securities Bullish On Microsoft Corporation
Thursday, October 2, 2014 - 9:06am | 237On Thursday, analysts at FBN Securities initiated coverage on Microsoft Corporation (NASDAQ: MSFT) with an Outperform rating and $55 price target. Shebly Seyrafi highlighted reasons for the initiation: Microsoft continues to have a valuable franchise with Microsoft Office, and the...
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Analysts: Freestanding PayPal To Face Ferocious Competition
Wednesday, October 1, 2014 - 9:20am | 295PayPal's pending spin-off as a stand-alone company will leave it faced with an increasingly competitive landscape for online payment services, according to an analyst who maintained a Hold rating Tuesday on parent company eBay Inc (NASDAQ: EBAY). Amazon.com, Inc.'s (NASDAQ: AMZN) recent launch into...
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FBN Securities Thinks GoPro Inc Has More Room To Go
Monday, September 29, 2014 - 12:50pm | 142In a note Monday morning, FBN Securities analyst Shebly Seyrafi maintained his Outperform rating and upped his price target on shares of GoPro Inc (NASDAQ: GPRO) from $70 to $90. This follows the announcement Monday of the new HERO4 and entry level HERO capture devices by GoPro. Seyrafi feels...
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The Apple Inc. Watch Versus Competitors: What Do Analysts Think?
Tuesday, September 23, 2014 - 11:37am | 757Apple Inc. (NASDAQ: AAPL) and Motorola are slated to join the smartwatch space, but Samsung (OTC: SSNLF) has been there for more than a year. Do the newcomers have what it takes to compete? "It's the first iteration of a new product category," BTIG analyst Walter Piecyk told...
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The Next Obstacle For Tesla Motors Inc
Thursday, September 18, 2014 - 9:15am | 945Tesla Motors Inc's (NASDAQ: TSLA) stock has had quite a ride of late. A near-7 percent decline over the past week has forced investors, traders and analysts to think a bit harder about what the electric vehicle-maker's future holds. Earlier this summer, Tesla made headlines...
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Everything We Learned From Apple Inc.'s September 9 Event
Thursday, September 11, 2014 - 11:50am | 861Apple Inc. (NASDAQ: AAPL) made several big announcements this week, including the iWatch (officially known as Apple Watch), iPhone 6 and a new system for mobile payments. Apple Watch The long-awaited smartwatch is still a few months away from release, but Apple jumped the gun and unveiled the...
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FBN Securities Initiates Coverage On 'Tech Share Gainers'
Monday, September 8, 2014 - 4:38pm | 217Momentum in a number of recent high flyers continued Monday, likely on the heels of some new bullish coverage from FBN Securities. Shebly Seyrafi initiated coverage on "six key technology share gainers." Seyrafi highlighted strong growth levels for key segments in each company's...
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FBN Securities Offers Insight Into GoPro Inc Coverage
Monday, September 8, 2014 - 3:08pm | 377Shares of GoPro Inc (NASDAQ: GPRO) are experiencing a strong appreciation in share price Monday following bullish coverage on the stock from FBN Securities. Analysts at the firm placed an Outperform rating and $70 price target on shares of GoPro. Shebly Seyrafi of FBN Securities highlighted...
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FBN Securities Bullish On Ubiquiti Networks Inc
Monday, September 8, 2014 - 12:39pm | 198Analysts at FBN Securities initiated coverage on Ubiquiti Networks Inc (NASDAQ: UBNT) with an Outperform rating and $55 price target. Shebly Seyrafi stated, “The company uses a unique, engineering-focused business model to sell products such as WLAN, routers, (recently) switches, and...
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Can Amazon Rise To Google's Level?
Wednesday, August 27, 2014 - 12:02pm | 518Amazon (NASDAQ: AMZN) is reportedly planning to take on Google's (NASDAQ: GOOG) advertising business. This rumor begs one key question: Is this a battle Amazon can realistically win? "I wouldn't bet against Amazon on anything," Dan Sahar, co-founder and VP of Product...