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Tesla Catches Analysts Off Guard With 'Kitchen Sink' Q1: Why This Fund Manager Says It's 'Hard To Be Bullish' On EV Giant's Stock
Wednesday, April 3, 2024 - 4:44am | 1180Tesla, Inc.'s (NASDAQ:TSLA) subpar first-quarter deliveries number triggered negative reactions from most analysts, although some still see light at the end of the tunnel. Caught Off Guard: Deepwater Asset Management's Gene Munster said Tesla's first-quarter sales caught him off guard, as he was...
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Restructuring 101: Why Cannabis Experts Bet Big On Weekly Business Reports & Power Of Relationships
Tuesday, September 19, 2023 - 5:37pm | 942"Let me know if you feel otherwise but I feel first and foremost whenever we’re talking to the CFOs of our businesses making sure you have a very good handle on what you need to survive...is of utmost importance," Brian Bacal, managing director, head of debt advisory,...
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Zillow's Second Quarter Surprises Analysts: Company Exceeds Forecasts But Signals Future Challenges
Thursday, August 3, 2023 - 11:27am | 596Shares of Zillow Group Inc (NASDAQ:ZG) (NASDAQ:Z) were volatile heading into Thursday's trading session after the company issued second quarter earnings which beat consensus estimates. Here's what you need to know about the print, and what analysts think about the stock. Zillow By The Numbers: The...
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Tesla Bulls Largely Shrug Off Q4 Deliveries Miss: 'Strong Secular Growth Remains For Years To Come'
Tuesday, January 3, 2023 - 1:48pm | 669Tesla Inc (NASDAQ: TSLA) shares were down sharply in premarket trading on Tuesday after the electric vehicle maker reported fourth-quarter deliveries missed analysts’ tempered expectations. The Tesla Analysts: Wedbush analyst Daniel Ives maintained an Overweight rating and $...
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Is The Drone Industry Finally Ready To Take Off?
Friday, January 24, 2020 - 9:10am | 976When United Parcel Service, Inc. (NYSE: UPS) last October made its first medical delivery by drone, it may have finally begun what drone advocates have been touting for a decade — a new era when unmanned flights may become just as normal as those in aircraft with pilots. There are a couple of...
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Aurora Investors Aren't Feeling The Buzz After Q4 Print: 2 Analyst Takes
Thursday, September 12, 2019 - 11:58am | 573Canadian cannabis company Aurora Cannabis Inc (NYSE: ACB) reported fourth-quarter results Wednesday that fell short of the company's own expectations and received a mixed review from two Street analysts. The Analysts Canaccord Genuity analyst Matt Bottomley maintained a...
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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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Adobe Shares Drops On Poor Guidance, But Sell-Side Analysts Less Worried
Friday, March 15, 2019 - 11:33am | 664Shares of Adobe Inc. (NASDAQ: ADBE) were dropping Friday after the cloud software company issued disappointing second-quarter guidance, but sell-side analysts seemed less concerned. Reactions were mixed, with a couple reminding investors that Adobe’s core business is fine and continued growth...
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Canaccord Keeps The Faith In Facebook, Says Advertisers Will Follow Customers
Monday, March 26, 2018 - 3:17pm | 364As Facebook, Inc. (NASDAQ: FB)’s privacy concerns fuel sell-offs prompt a steep drop in the social media platform's share price, Cancaccord Genuity analysts see an attractive entry point. The Analyst Michael Graham of Canaccord Genuity reiterated a Buy rating and $240 price...
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Wall Street Reacts To Nike's Q3 Results
Wednesday, March 22, 2017 - 2:50pm | 844Nike Inc's (NYSE: NKE) revenue miss in its third quarter earnings report resulted in a more than 5 percent decline in the stock. As investors sent a clear signal they aren't impressed with the report and the company's outlook, were Wall Street analysts equally as disappointed? Don...
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Trump's Win Should Limit Risk For Prison Stocks, Which Still Have Room To Run
Monday, December 5, 2016 - 9:43am | 335“Following Donald Trump's presidential victory, we now see materially less risk to contract renewals and the overall private prison REIT business models,” Cannacord Genuity’s Ryan Meliker said in a report. He added that the current estimates for both The GEO Group Inc (NYSE...
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Macro Headwinds Provide Good Entry Point For Proto Labs, Says Canaccord
Friday, September 2, 2016 - 11:53am | 407Shares of Proto Labs Inc (NYSE: PRLB) have declined "substantially" due to U.S. macro concerns regarding industrial production, according to Bobby Burleson of Canaccord Genuity. The stock is lower by nearly 7 percent over the past five days alone and lower by more than 20 percent over the past year...
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Lululemon May Have Finally Reached Major Inflection Point In Q2
Tuesday, August 30, 2016 - 1:45pm | 386Camilo Lyon of Canaccord Genuity is expecting Lululemon Athletica inc. (NASDAQ: LULU) to report "solid" second-quarter results in its earnings report on September 1. However, the near-term positive view is overshadowed by a difficult bottom half of the year. Lyon is expecting Lululemon to earn $0....
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Finish Line 'Back In The Saddle Again,' Canaccord Upgrades Shares
Monday, June 8, 2015 - 10:06am | 219In a report published Monday, Canaccord Genuity analyst Camilo Lyon upgraded the rating on Finish Line Inc (NASDAQ: FINL) from Hold to Buy, while raising the price target from $26 to $33. The analyst believes that problems that plagued merchandise margins in 2014 are likely to have been resolved...
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BlackBerry-Apple M&A Rumor: This Looks Familiar
Monday, May 11, 2015 - 4:26pm | 505Shares of BlackBerry Ltd (NASDAQ: BBRY) were trading higher by more than 6 percent heading into the final 30 minutes of trading on Monday after a rumor surfaced earlier that Apple Inc. (NASDAQ: AAPL) is considering an acquisition of BlackBerry. Shares closed up 5.8 percent on the day....