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The Street Weighs eBay's Q2 Earnings, Guidance: What's Next For E-Commerce?
Thursday, July 30, 2020 - 2:14pm | 838Shares of eBay Inc (NASDAQ: EBAY) opened lower Wednesday despite the auction site reporting a top-and-bottom-line beat in its second quarter. Here's how some of the Street's top analysts reacted to the print. The Analysts: Stifel analyst Scott Devitt maintained a Buy rating on eBay...
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4 Reasons Why Morgan Stanley Is Raising Amazon's Estimates
Thursday, July 16, 2020 - 11:11am | 382Amazon.com, Inc. (NASDAQ: AMZN) is the main beneficiary of the continued inflection of U.S. consumers away from travel, restaurants and experiences into e-commerce, according to Morgan Stanley. The Amazon Analyst: Brian Nowak maintained an Overweight rating on Amazon and raised the...
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True Love Or Last Resort? Morgan Stanley Takes On Match Group
Tuesday, June 9, 2020 - 10:40am | 357It isn’t hard to find love when there’s no competition. Match Group Inc (NASDAQ: MTCH) is the only online dating service on the public markets, but last resort or not, it’s found itself a mate. The Rating: Morgan Stanley analysts Lauren Cassel and Brian Nowak initiated coverage on...
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Here's How Amazon Could Become A Threat To Tesla, Ford And More With Zoox Buy
Thursday, May 28, 2020 - 12:20pm | 510Amazon.com, Inc. (NASDAQ: AMZN) is in late-stage talks to acquire Zoox, a budding robo-taxi service. Zoox’s hardware and software assets could be a boon for Amazon, but a bane for automotive players fighting to retain market share. Morgan Stanley analysts led by Adam Jonas maintained an...
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Facebook's New Shopping Feature Lifts Stock To All-Time Highs
Wednesday, May 20, 2020 - 1:10pm | 653Facebook, Inc. (NASDAQ: FB) launched a new e-commerce featured called "Shops" that could better position the company to compete against more established third-party e-commerce platforms. Facebook said it's working closely with partners like Shopify Inc (NYSE: SHOP) to better give...
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5 Analysts Weigh In On Lyft's Mixed Q1
Thursday, May 7, 2020 - 1:36pm | 1073Lyft Inc (NASDAQ: LYFT)’s stock plunged Wednesday on news of job cuts and opex reductions, but the company seemed to redeem itself with a first-quarter sales beat after the close. Lyft’s $955.71 million in sales exceeded estimates of $897.86 million, even as a bottom-line loss of $...
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3 Analyst Takes On eBay After 'Big Improvement' In Q1
Thursday, April 30, 2020 - 4:18pm | 622Online e-commerce platform eBay Inc (NASDAQ: EBAY) reported first-quarter results Wednesday that were highlighted by a lift in gross merchandise value due to the coronavirus pandemic. Here's how three Street analysts reacted to the print. The eBay Analysts Morgan Stanley Brian Nowak...
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Wall Street Weighs In On Facebook's Big Quarter: Innovation Accelerates Amid Pandemic
Thursday, April 30, 2020 - 11:33am | 837Facebook, Inc. (NASDAQ: FB) shares jumped 5.9% on Thursday after the company reported that ad revenue has stabilized following a steep drop in March. On Wednesday afternoon, Facebook reported first-quarter revenue of $17.74 billion, up 18% from a year ago. The social media giant also reported 2.99...
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Analysts Applaud Alphabet Earnings: 'An Incredible Advertising Business'
Wednesday, April 29, 2020 - 12:56pm | 556Shares of Google parent company Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) jumped 9% on Wednesday after the company reported a better-than-feared slowdown in revenue growth in the first quarter. Alphabet reported first-quarter earnings per share of $9.87 on revenue of $41.16 billion. Revenue was...
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5 Reasons Why Amazon Is Morgan Stanley's Top Pick
Monday, March 16, 2020 - 11:41am | 543E-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) has won Morgan Stanley's seal of approval in the face of a coronavirus pandemic threatening the economy. The Amazon Analyst Analyst Brian Nowak maintained an Overweight rating on Amazon with a $2,400 price target. The Amazon...
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Zillow Soars 20% But Are Analysts Just As Bullish?
Thursday, February 20, 2020 - 4:30pm | 776Online real estate platform Zillow Group Inc (NASDAQ: ZG) reported fourth-quarter results, highlighted by a revenue beat and a much better than expected loss. Here is a summary of how some of the Street's top analysts reacted to the print. The Zillow Analysts Goldman Sachs analyst Heath...
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3 Reasons To Buy Twitter Stock
Monday, February 10, 2020 - 4:05pm | 479Whether you’re going on Twitter Inc (NASDAQ: TWTR) searching for the latest tweets from Donald Trump or memes from Elon Musk, it’s clear that the platform plays an important role in connecting the world. If you’re on the fence about investing in the company, here are three reasons...
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Uber's End To 'Rock Star-Like Spending,' Aim For Quicker Profitability
Friday, February 7, 2020 - 10:54am | 816A big step toward profitability at Uber Technologies Inc (NYSE: UBER) and a stated interest at the company in ramping toward making money more quickly boosted the ride-hailing company's credibility on Wall Street, prompting sell-side analysts to boost price expectations on the stock. Analysts...
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Snapchat's Stock Snaps Back: The Street Debates How To React
Wednesday, February 5, 2020 - 3:40pm | 615Snapchat's parent company Snap Inc (NYSE: SNAP) reported a fourth-quarter revenue miss and widening year-over-year loss. Snap's total addressable market represents a top concern for investors to "worry about most," Needham analyst Laura Martin wrote in a note. Management said the...
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Amazon Delivers In A Big Way And Analysts Say There's Even More Upside
Friday, January 31, 2020 - 12:47pm | 934Amazon.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....