Tom Forte

Shares of GrubHub Inc (NYSE: GRUB) fell Thursday after Jim Chanos said he is short the stock due to concerns around competition and labor costs. Competition is good for the company, and investors should take advantage of Thursday’s weakness, according to D.A. Davidson. The Analyst Tom Forte...

Roku Inc (NASDAQ: ROKU) shares have experienced a steady sell-off this week, culminating in a 20% drop on Friday. Here’s a closer look at the fundamental headlines behind the sell-off and the stock’s technical outlook heading into next week. Negative Headlines On Wednesday, The Verge...

Media giant Comcast Corporation (NASDAQ: CMCSA) will begin offering internet customers a free over-the-top box set, but one Roku Inc (NASDAQ: ROKU) analyst isn't worried about the new competitive landscape. The Analyst D.A. Davidson analyst Tom Forte maintained a Buy rating on Roku with an...

Tech stocks led the market lower on Monday, with the Technology Select Sector SPDR Fund (NYSE: XLK) trading down 1% on the day. Twilio Inc (NYSE: TWLO) shares plunged 9.7%, Roku Inc (NASDAQ: ROKU) shares dropped 4.4% and Snap Inc (NYSE: SNAP) shares tumbled 7.1% amid the sell-off. Fearful Investors...

Smart speaker maker Sonos Inc. (NASDAQ: SONO) posted a strong third-quarter beat Wednesday, but investors aren’t hearing how good things sound for the growing company, sell-side analysts said. The company’s new partnership with Ikea, which will sell Sonos connected speakers, and...

Roku Inc (NASDAQ: ROKU) reported second-quarter results which prompted two analysts to turn bullish on the streaming content provider. Earnings came in at a loss of 8 cents per share, beating estimates by 13 cents. Sales came in at $250.1 million, beating estimates by $25.9 million. The company...

After the success of the Fortnite World Cup Finals in New York over the weekend, D.A. Davidson said the battle royale game franchise is "alive and well. The event is a positive data point for the emergence of esports, analyst Tom Forte said in a Monday note.  The analyst said he...

Overstock.com, Inc. (NASDAQ: OSTK) is launching a mobile wallet app for buying and using cryptocurrency, leading investors to spend traditional money snapping up the stock Friday morning. The Analyst DA Davidson’s Tom Forte reiterated a Buy rating on Overstock with a $48 price target. The...

Shopify Inc (NYSE: SHOP) held its Unite partners and developers conference June 18-20 in Canada. The company's recently announced fulfillment, international expansion and retail initiatives should complement its core mission and enable the e-commerce platform to generate “a high rate of...

Roku Inc (NASDAQ: ROKU) announced the addition of Activation Insights to its array of over-the-top advertising tools, the Ad Insights Suite. The move could “serve as a catalyst” for the company’s advertising sales and boosts the near-term and long-term outlook, according to D.A....

“Hey Google, should I buy Sonos Inc. (NASDAQ: SONO)?” Google Assistant can now answer questions through the Sonos One and Beam Speakers. And those people who don’t have Sonos speakers may buy one because of the new Google function, DA Davidson said Wednesday. The Analyst DA...

Pinterest Inc (NYSE: PINS) debuted on a public market in April and research firms are now free to offer their recommendations to clients. Here's a sampling of what some sell-side firms think about Pinterest. Bank of America's Justin Post initiated coverage of Pinterest with a Neutral rating...

Etsy, Inc. (NASDAQ: ETSY) shares were dropping Thursday after the e-commerce company fell short of first-quarter revenue estimates. But analysts chose to focus on the company’s earnings beat and higher company expectations for gross merchandise sales and revenue growth, with several...

Wall Street analysts continue to like gaming headset maker Turtle Beach Corp (NASDAQ: HEAR), even as investors were selling the stock Thursday morning following a first-quarter revenue and earnings beat. Analysts acknowledge an expected 2019 revenue drop after a big 2018, but say the large and...