Colin Sebastian

A day after GameStop Corp. (NYSE: GME) reported a sales miss for the second quarter, Baird Equity Research cited an unexpected drop in hardware sales that led to mixed results. However, the brokerage maintains an Outperform rating on the stock and slashed the price objective by $2 from $42 to $40....

Activision Blizzard, Inc. (NASDAQ: ATVI) reported robust Q2 results, while raising its 2016 guidance. Baird’s Colin Sebastian reiterated an Outperform rating on the company, while raising the price target to $46. Robust Results Sebastian mentioned that the strong Q2 results were driven by the...

Baird’s Colin Sebastian mentioned that the audience trend and mixed guidance overshadowed Zynga Inc’s (NASDAQ: ZNGA) Q2 results. Sebastian maintained a Neutral rating on the company, with a price target of $3. Strong Results The company reported better-than-anticipated Q2 results...

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported strong F1Q17 results. Management’s full-year guidance appears conservative, Baird’s Colin Sebastian said in a report. He maintained a Neutral rating on the company, while raising the price target from $37 to $43. Take-Two...

Baird said the solid second-quarter results of Paypal Holdings Inc (NASDAQ: PYPL) was outdone by the deal with Visa Inc (NYSE: V) that offers PayPal volume-based fee concessions in exchange for equal presentation of Visa debit/credit cards as default payment options. The Visa Deal PayPal reported...

Baird analyst Colin Sebastian previewed Alibaba Group Holding Ltd (NYSE: BABA)'s Investor Day, set to take place on Tuesday. "We believe this event could be an important milestone for the company, as it seeks to reassure shareholders that the underlying business remains vibrant,...

Baird said its eBay Inc (NASDAQ: EBAY) tracker suggests steady growth trends in May, showing the month's volumes grew in the mid-single-digit range year-over-year, generally consistent with its April results. "With April and May data combined, we believe that Q2 GMV is on track for...

Colin Sebastian added Alphabet Inc (NASDAQ: GOOG) to Baird's focus list, maintaining the company's Outperform rating and $860 price target. Sebastian believed Alphabet's expectations were "more achievable relative to mega-cap peers" such as Facebook (NASDAQ: FB) and Amazon...

Electronic Arts Inc. (NASDAQ: EA) reported robust F4Q results, beating expectations, driven by its digital business. Baird’s Colin Sebastian reiterated an Outperform rating on the company, with a price target of $80. F4Q Beat “Following a noisy holiday print impacted by FX and physical-...

On Tuesday, Twitter Inc (NYSE: TWTR) won the NFL sweepstakes, officially partnering for the right to stream 10 Thursday night games next season. Twitter reportedly paid about $10 million for the package, although interestingly, the NFL admitted that they were not the highest bidder, suggesting...

Amazon.com, Inc. (NASDAQ: AMZN) may be running a secretive shipping operation out of Ohio named Aerosmith. Amazon has been pushing to take more control over its shipping operations since blaming 2013 holiday shipping delays on third-party shippers. Baird sees major disruptive potential for Amazon...

Baird's Colin Sebastian said that Amazon.com, Inc. (NASDAQ: AMZN), Facebook Inc (NASDAQ: FB) and Google Inc (NASDAQ: GOOG) are in prime position to benefit from India as an Internet growth market. Year-to-date, all three of these names have outperformed the NASDAQ 100, with Amazon...