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Pressure On Jack Dorsey Could Be Positive For Twitter Shareholders
Monday, March 20, 2017 - 9:49am | 451“We expect Twitter Inc (NYSE: TWTR) to be challenged to reverse its difficult competitive position against online video leaders as they all compete more aggressively for content and ad deals,” Loop Capital’s Blake Harper said in a note, while maintaining a Sell rating on the...
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That Time No One Was Surprised: Amazon At Risk Of Antitrust Probe
Tuesday, March 7, 2017 - 4:03pm | 312Research firm Capitol Hill says Amazon.com, Inc. (NASDAQ: AMZN) is at risk of antitrust probe for working with manufacturers to control prices, foreclose competing sellers, and ultimately monopolize direct sales of their products on its platform. The latest comments come as Amazon said in its...
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Will A New Video Product Lift MeetMe's FY 2017 Outlook?
Friday, March 3, 2017 - 4:42pm | 319Blake Harper of Loop Capital expects better fourth-quarter results from MeetMe Inc (NASDAQ: MEET) on March 6, driven by progressively higher mobile ad rates through the quarter. However, the analyst sees a conservative guidance for 2017. Analyst's Expectations For Q4 Harper sees fourth-quarter...
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Etsy Investments Could Hinder 2017 Performance
Wednesday, March 1, 2017 - 1:14pm | 307Blake Harper of Loop Capital maintained his Buy rating and $16 price target on Etsy Inc (NASDAQ: ETSY) despite the share plunge following below consensus revenue outlook. Etsy reported fourth quarter revenues and adjusted EBITDA 2 percent and 8 percent above the consensus, respectively. However,...
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Baseball Is Just The Beginning: Expect Facebook To Go After More Sports To Grow Video Segment
Monday, February 27, 2017 - 4:58pm | 365Facebook Inc (NASDAQ: FB) is doubling down on live streaming after introducing several new video features within the past few weeks, including autoplay of news feed videos, a larger format for vertical videos, picture-in-picture video and a Facebook video app for TV. Facebook And Monetization Last...
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TrueCar Shares Accelerate On Strong Q4
Friday, February 17, 2017 - 4:35pm | 257Shares of TrueCar Inc (NASDAQ: TRUE) hit a new 52-week high of $15.26 on Friday after the company impressed investors with a better than expected fourth-quarter report and outlook. Blake Harper of Loop Capital Markets maintains a Buy rating and $18 price target on TrueCar's stock as many of TrueCar...
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With No Turnaround Imminent, Loop Capital Downgrades Twitter
Friday, February 10, 2017 - 1:47pm | 310The list of Wall Street analysts who are incrementally bearish on Twitter Inc (NYSE: TWTR) after the company's disappointing fourth quarter report is quite notable. One of those analysts is Blake Harper of Loop Capital Markets. The analyst downgraded the stock to Sell with a price target...
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Facebook's Q4 Earnings Report: A Primer
Wednesday, January 25, 2017 - 11:12am | 304Facebook Inc (NASDAQ: FB) is scheduled to report Q4 earnings on February 1. The company could beat the revenue, adjusted EBITDA and non-GAAP EPS estimates, Loop Capital Markets’ Blake Harper said in a report. He maintains a Buy rating on Facebook, with a price target of $165. Harper believes...
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Why Instagram Stories, New Video Ads Will Ease Facebook's Ad Load Concerns
Friday, January 13, 2017 - 10:23am | 329Facebook Inc (NASDAQ: FB) has announced a new ad product for its Instagram Stories feature, which Loop Capital’s Blake Harper believes could be an “incremental revenue growth driver in 2017 given the engaged audience and targeting capabilities.” Harper reiterated a Buy rating on...
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An Acquisition Of Angie's List 'Still Makes Sense'
Thursday, December 29, 2016 - 10:21am | 386Despite 13 months having passed since Angie's List Inc (NASDAQ: ANGI) rejected the acquisition bid from IAC/InterActiveCorp (NASDAQ: IAC) and 10 months since Angie’s List announced a revamp of its subscription model, Loop Capital’s Blake Harper still believes an acquisition or...
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Quotient Shares 'Set Up Well' For Further Price Appreciation In 2017
Wednesday, December 28, 2016 - 9:54am | 327Loop Capital is bullish on Quotient Technology Inc (NYSE: QUOT) as it believes the Retailer iQ product should drive business momentum, which sets the stock up for further price appreciation in 2017. “We expect the company's Retailer iQ product to drive transaction growth in Q4 and 2017,...
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Facebook Can Sufficiently Fix Its Fake News, Inaccurate Metrics Issues
Wednesday, December 21, 2016 - 11:43am | 341In a note issued on Wednesday, Loop Capital Markets said Facebook Inc (NASDAQ: FB) can fix the multiple issues that have plagued the company since reporting its third-quarter results seven weeks ago. The firm noted that the stock has remained flat during the intervening period. After dropping 5.6...
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Loop Capital Raises Price Target On TrueCar As Turnaround Gains Speed
Wednesday, December 7, 2016 - 3:40pm | 243Loop Capital Markets analyst Blake Harper maintains a Buy rating on TrueCar, Inc. (NASDAQ: TRUE) while raising his price target on the stock from $12 to $15. The analyst sees the company's re-imaging initiatives among dealers improving market share gains. Since implementing the pledge in Q1,...
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From A(mazon) To Z(ynga): Loop Capital Breaks Down Trump Presidency Risk On Internet Stocks
Monday, November 14, 2016 - 10:55am | 960Loop Capital said a Trump presidency could exert near-term pressure on large-cap internet firms with heavy international exposure, while U.S. centric Internet businesses should be more immune. Stocks that could be effected include: Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL). Amazon.com, Inc. (...
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Adam Bain's Departure Is A Loss For Twitter
Thursday, November 10, 2016 - 1:08pm | 314Twitter Inc (NYSE: TWTR) announced on November 9 that its chief operations officer, Adam Bain, would be leaving the company. Loop Capital’s Blake Harper maintains a Hold rating on the company, with a price target of $16. Harper mentioned that Bain “is well regarded in the firm and in...