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Bernstein Explains Amazon's 'Prime Now' Service
Thursday, September 15, 2016 - 10:25am | 509Bernstein believes Amazon.com, Inc. (NASDAQ: AMZN) Prime Now could play a crucial role in consumer packaged goods (CPG) sales. Bernstein analysts led by Carlos Kirjner have analyzed seven retailers' thousands of locations where Prime Now is available. The seven retailers were: Costco Wholesale...
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Bernstein Analyst Says The Netflix Story Is Worse Than You Think
Tuesday, July 19, 2016 - 8:58am | 311Netflix, Inc. (NASDAQ: NFLX) reported a significant miss in 2Q16 net adds, both domestically and internationally. Bernstein’s Carlos Kirjner maintained an Underperform rating on the company, with a price target of $62. Netflix reported its 2Q16 consolidated revenues at $2,105 million,...
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Survey Of Prime Users Shows 'Small But Significant' Portion Who Don't Subscribe To Netflix
Wednesday, June 22, 2016 - 9:42am | 411A substantial percentage of U.S. Prime users are using Amazon Prime Video, while a large number of them are also Netflix subscribers, Bernstein’s Carlos Kirjner said in a report. He added that in case a significant number of households were to choose an SVoD provider other than Amazon.com,...
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Amazon Prime User Adds Generate Profit Of $115/User Per Year: Bernstein
Thursday, June 2, 2016 - 10:13am | 284While describing the three “dreamy” businesses that Amazon.com, Inc. (NASDAQ: AMZN) has created, CEO Jeff Bezos listed Prime as one of these businesses. Bernstein’s Carlos Kirjner maintained an Outperform rating on the company, with a price target of $1,000. Prime Value...
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Google I/O: 'The Exciting, The Important And The Depressing'
Thursday, May 19, 2016 - 12:33pm | 953Google (Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL))'s I/O conference is a closely watched event by both techies and investors. IN addition to unveiling new and upcoming products, features and services, the conference sometimes provides indications of Google's priorities and long-term strategy....
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In The Streaming Video Space, Can Facebook Trump YouTube?
Wednesday, May 11, 2016 - 12:47pm | 763As Amazon.com, Inc. (NASDAQ: AMZN) launched Video Direct to compete with YouTube, let's see what makes YouTube, the prized asset of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), unbeatable in its space. However, the advent of Amazon Video Direct has also brought to the spotlight another potential...
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Netflix Warning: Bernstein Says Stock Has 37% Downside, Won't Come Close To Long-Term Expectations
Tuesday, April 19, 2016 - 10:40am | 230Bernstein’s Carlos Kirjner mentioned Netflix, Inc. (NASDAQ: NFLX)'s mixed results for Q1, while issuing subscriber addition guidance for Q2 that was below expectations. Kirjner maintained an Underperform rating on the company, with a $62 price target. Q1 Results The analyst...
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Bernstein Expects Nothing But Beats From Amazon
Thursday, April 14, 2016 - 11:08am | 307Amazon.com, Inc. (NASDAQ: AMZN) reported higher-than-expected gross margins for 15 straight quarters, while delivering a miss in 4Q15. Bernstein’s Carlos Kirjner maintained an Outperform rating for the company, with a price target of $770. Kirjner believes Amazon would be able to beat...
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Bernstein Cuts Amazon's Target To $770 And Asks 'Is The Pain Worth The Gain?'
Monday, February 29, 2016 - 9:59am | 324Bernstein analyst Carlos Kirjner cut the price target on Amazon.com, Inc. (NASDAQ: AMZN) shares by $30 to $770. The analyst also trimmed his 2016 and 2017 earnings estimate of the e-commerce giant due to a mix shift in the first party business that is impacting the gross margin. Amazon's Q4...
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The 'Big Beats' Are Back For Facebook, Says Bernstein's Kirjner
Thursday, January 28, 2016 - 9:44am | 347The share price of Facebook Inc (NASDAQ: FB) has appreciated 21.35 percent over the past one year, although it has declined 10.06 percent over the last month. Bernstein’s Carlos Kirjner has maintained a Market Perform rating on the company, while raising the price target from $134 to $...
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Alibaba GMV Growth, Margins And 2017 Potential Give Stock Upside, Analyst Says
Wednesday, January 27, 2016 - 10:43am | 352Alibaba Group Holding Ltd (NYSE: BABA) shares have been heading south for about a month, and are down 17 percent since December 28. Bernstein’s Carlos Kirjner maintained an Outperform rating for the company, with a price target of $110. Kirjner stated that the end of Alibaba’s...
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Amazon A Better Bet This Year Than Facebook Or Google, Bernstein Predicts
Tuesday, January 26, 2016 - 12:01pm | 530Shares of Facebook Inc (NASDAQ: FB), Alphabet Inc (NASDAQ: GOOG) and Amazon.com, Inc. (NASDAQ: AMZN) have been under pressure over the past month. Bernstein’s Carlos Kirjner maintained Outperform ratings for Alphabet and Amazon and a Market Perform rating for Facebook. Kirjner...
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Bernstein Remains Cautious, But Still Thinks Alibaba Stock Will Outperform
Thursday, November 12, 2015 - 10:30am | 397Alibaba Group Holding Ltd (NYSE: BABA) shares are down 23 percent year-to-date, and are trading meaningfully short of their 52-week high of $120. Bernstein’s Carlos Kirjner maintained an Outperform rating on the company, with a price target of $110. A strong performance of Single...
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Calls Of Note: Wall Street Research Moving The Market On Thursday
Thursday, August 13, 2015 - 1:35pm | 1224The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Morgan Stanley: Initiating Intercept Pharmaceutical At Underperform Andrew Berens of Morgan Stanley initiated coverage of Intercept Pharmaceuticals...
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Wall Street Firms Are Going Bullish On Amazon
Monday, July 20, 2015 - 8:11am | 777Amazon.com, Inc. (NASDAQ: AMZN) investors are waking up on Monday to various Wall Street research firms who all published bullish reports on the company ahead of its second quarter print. Amazon is scheduled to report its second quarter results after Wednesday's market close. Estimize is...