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Morgan Stanley Is Bullish On Ride-Shares, But Prefers Uber Over Lyft Right Now
Thursday, October 24, 2019 - 10:32am | 381LYFT Inc (NASDAQ: LYFT) remains well below its March IPO price. Now trading down 45.7%, one analyst is comfortable to make a ruling. The Rating Morgan Stanley analyst Brian Nowak initiated coverage on Lyft with an Equal-Weight rating and $50 price target. The Thesis Morgan Stanley is bullish on...
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User Engagement, Ad Growth In Focus As Sell-Side Reacts To Snap's Q3 Earnings
Wednesday, October 23, 2019 - 10:14am | 704Snap Inc (NYSE: SNAP) exceeded Street estimates for third-quarter revenue, daily active users (DAUs), average revenue per user (ARPU) and earnings before interest, tax, appreciation and amortization (EBITDA). “Importantly, we believe that Snap's platform and business have both improved...
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Morgan Stanley Upgrades Snap On Improved Ad Product
Friday, October 4, 2019 - 9:32am | 364Snap Inc (NYSE: SNAP) has worked to make its platform more useful to advertisers and done a good job reining in expenses, Morgan Stanley said in upgrading the stock. The Analyst Morgan Stanley’s Brian Nowak upgraded Snap from Underweight to Equal-Weight and raised the target price from $14 to...
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Weight Watchers Soars, But These Analysts Remain On The Sidelines
Wednesday, August 7, 2019 - 12:30pm | 402Weight Watchers International, Inc. (NASDAQ: WTW) soared 40% on Wednesday after reporting impressive second-quarter results, but two analysts are hesitant in recommending investors buy shares. The Analysts Morgan Stanley's Brian Nowak maintains an Equal-Weight rating on Weight Watchers with a...
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Analysts Craft Mixed Response To Etsy's Earnings
Friday, August 2, 2019 - 3:22pm | 681Etsy Inc (NASDAQ: ETSY) reported second-quarter results highlighted by a beat on the EPS line but revenue of $132.4 million missed expectations of $181.1 million. Despite a revenue shortfall, management still lifted its full year revenue guidance and this received a mix reaction from Street...
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Analyst Calls GrubHub's Q2 'Good Enough'
Wednesday, July 31, 2019 - 2:28pm | 462GrubHub Inc (NYSE: GRUB) reported second-quarter results which prompted a sell-off in the stock but at least one Street analyst remains bullish on the mobile food-ordering and delivery marketplace company. The Analysts Stephens' Will Slabaugh maintains an Overweight rating on GrubHub with a...
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3 Analysts React To Chewy's First Earnings Report
Friday, July 19, 2019 - 1:48pm | 520Online pet supply store Chewy Inc (NYSE: CHWY) on Thursday reported its first ever earnings as a public company. Here is a summary of how three analysts reacted to the print. The Analysts Raymond James' Aaron Kessler maintains a Market Perform rating on Chewy's stock. Wedbush's Seth...
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The Street's Reaction To eBay's Q2: More Of The Same?
Thursday, July 18, 2019 - 1:43pm | 522The Street's reaction to eBay Inc (NASDAQ: EBAY)'s second-quarter earnings report varies despite the e-commerce platform showing signs of success on initiatives to boost its platform. The Analysts Raymond James' Aaron Kessler maintains an Outperform rating on eBay with a price target...
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E3: Morgan Stanley's 6 Takeaways
Friday, June 14, 2019 - 2:58pm | 794Morgan Stanley came away from the Electronics Entertainment Expo video game trade show in Los Angeles with a better understanding of the details of some of the key releases coming up this year and what they might mean for the industry. The Analyst Brian Nowak had six takeaways for video...
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Sell-Side Bullish On Uber As Quiet Period Ends
Tuesday, June 4, 2019 - 11:16am | 537More than a dozen sell-side analysts issued Buy recommendations Tuesday for Uber Technologies Inc. (NYSE: UBER) as the waiting period on rating the stock expired for banks that worked on its recent IPO. “Uber is a transformational company that should benefit from secular shifts to the sharing...
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Etsy Analysts Mostly Positive Despite Slight Q1 Revenue Miss
Thursday, May 9, 2019 - 1:53pm | 675Etsy, 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...
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'Candy Crush' Boosts Activision Blizzard, But The Market's Not Playing Along
Friday, May 3, 2019 - 1:05pm | 779Perhaps downtime and boredom are increasing: lots of people were playing "Candy Crush" on their phones in recent months. That’s good for the game’s maker, Activision Blizzard, Inc. (NASDAQ: ATVI), which otherwise has had a rough start to the year, including a major layoff...
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Analysts Rave About Zynga's Q1; 'Game of Thrones' Game Launch Likely Coming In Q2
Thursday, May 2, 2019 - 4:52pm | 643Zynga Inc (NASDAQ: ZNGA) shares moved higher after the game developer reported first-quarter earnings Wednesday and raised 2019 sales guidance by $50 million. Baird Zynga’s first-quarter results largely confirm a successful turnaround and M&A strategy, improving organic...
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1 GrubHub Bull, 2 Neutral Analysts Review Q1 Report
Friday, April 26, 2019 - 2:26pm | 627Online and mobile food ordering and delivery company GrubHub Inc (NYSE: GRUB) reported Thursday afternoon with first-quarter results that, according to one bull analyst, put the "sky is falling" thesis on the stock to bed. The Analysts Wedbush's Ygal Arounian...
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Analysts React To Amazon's Q1: Everyone Remains A Bull
Friday, April 26, 2019 - 11:55am | 1222Amazon.com, Inc. (NASDAQ: AMZN) reported a notable beat on the profit line in its first-quarter results, although management's operating profit outlook for the second quarter fell short of expectations. Here is a summary of how some of the Street's top analysts reacted to the print. The...