Ygal Arounian

LYFT Inc (NASDAQ: LYFT) shares plummeted 32% on Wednesday after the company issued second-quarter guidance that came up well short of market expectations. On Wednesday, Lyft reported first-quarter adjusted EPS of 7 cents, beating consensus analyst estimates of a 7-cent loss. First-quarter revenue...

Although Uber Technologies Inc’s (NYSE: UBER) Investor Day highlighted growth drivers, the company’s 2024 adjusted EBITDA target came in short of consensus, according to Wedbush. The Uber Technologies Analyst: Ygal Arounian reiterated an Outperform rating for Uber Technologies while...

Uber Technologies Inc (NYES: UBER) reported a fourth-quarter sales beat Wednesday and said business is bouncing back from the omicron outbreak. Uber reported a fourth-quarter adjusted EPS loss of 26 cents on revenue of $5.78 billion. Both numbers exceeded consensus analyst estimates of a 35-cent...

The popularity of user-generated, short-form video is increasing with many factors working in its favor. The limited video format highlights a person's creativity as they showcase educational, informative or entertaining content while using filters, editing tools and...

Multimedia instant messaging app Snap Inc. (NYSE: SNAP) does not evoke enough confidence to stay bullish on its stock, according to an analyst at Wedbush. The Snap Analyst: Ygal Arounian downgraded Snap shares from Outperform to Neutral and reduced the price target from $56 to $36. The Snap Thesis...

There are difficult sectors for an analyst to cover and then there are really difficult sectors to cover, and the internet sector falls into the second category. Ygal Arounian, who covers several issues in that sector for Wedbush Securities, joined the "PreMarket Prep Plus" broadcast...

eBay Inc (NASDAQ: EBAY) shares pulled back sharply after issuing mixed guidance for the second quarter. The eBay Analysts: BofA Securities analyst Justin Post reiterated a Neutral rating on eBay shares and lowered the price target from $71 to $68. Morgan Stanley analyst Brian Nowak...

Shopify Inc (NYSE: SHOP) shares dropped 4.41% Thursday as investors took profits following the company’s big first-quarter earnings beat. For the first quarter, Shopify reported adjusted EPS of $2.01 on $988.6 million in revenue. Both numbers beat consensus analyst estimates of 75 cents and $...

Social media giant Facebook Inc (NASDAQ: FB) reported first-quarter revenue growth of 48% year-over-year. The display of growth for the company’s advertising segments has prompted several price target upgrades from analysts. The Facebook Analysts: KeyBanc analyst Justin Patterson...

Snapchat owner Snap Inc (NYSE: SNAP) shares have risen over 350% in the last year. Analysts think there could be more opportunities for the company with its growth in social commerce and younger demographic. The Snap Analysts: Wedbush analyst Ygal Arounian upgraded shares of Snap Inc. from Neutral...

Wedbush Securities updated its coverage of a handful of top tech stocks on Wednesday. The Tech Analysts: Wedbush analysts Michael Pachter and Ygal Arounian assumed coverage of the following stocks: Overstock.com Inc (NASDAQ: OSTK) initiated at Outperform with a price target lowered from $100...

Shopify Inc (NYSE: SHOP) has the ability to capture share in e-commerce in the near term and is poised to benefit from the acceleration in e-commerce trends over time, according to Wedbush. The Shopify Analyst: Ygal Arounian upgraded Shopify from Neutral to Outperform and raised the price target...

Overstock.com Inc (NASDAQ: OSTK) is set to capture gains in home goods as micro and macro level catalysts drive continued upside to revenue, according to Wedbush. The Overstock Analyst: Ygal Arounian initiated coverage of Overstock with an Outperform rating and $92 price target. The Overstock...

Ride-hailing and delivery company Uber Technologies Inc (NYSE: UBER) reported mixed second-quarter results Thursday that prompted Street analysts to debate whether the company is overly exposed to COVID-19 headwinds. The Uber Analysts Raymond James analyst Aaron Kessler maintains a Market...

Shopify (NYSE: SHOP) posted a "blowout" second quarter Wednesday, with revenue that came in nearly 40% above expectations, according to Wedbush Securities. The Shopify Analyst: Ygal Arounian maintained a Neutral rating on Shopify and raised price target from $998 to $1,053. The Shopify...