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Stay-At-Home Stock Play Teladoc Set For Q3 Beat, DA Davidson Says In Bullish Initiation
Tuesday, September 22, 2020 - 3:05pm | 389The telehealth company Teladoc Health Inc (NYSE: TDOC) has posted strong gains during the coronavirus pandemic. The Teladoc Analyst: D.A. Davidson analyst Hannah Baade initiated coverage of Teladoc with a Buy rating and $250 price target. The Teladoc Thesis: Teladoc, being a pure...
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'Tough Pill To Swallow': Analysts React To Slack's Q2 Earnings
Wednesday, September 9, 2020 - 10:15am | 687Slack Technologies Inc (NYSE: WORK) shares plummeted 16% on Wednesday morning after the company reported 50% revenue growth in the second quarter and failed to generate the same COVID-19 growth spike that other work-from-home stocks have reported. On Tuesday afternoon, Slack reported breakeven...
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2 Estee Lauder Analysts Issue Upgrades After Q4 Miss: 'It Makes Sense To Look Longer-Term'
Friday, August 21, 2020 - 3:20pm | 591Estee Lauder Companies Inc (NYSE: EL) reported fourth-quarter and full-year fiscal 2020 results Thursday that disappointed investors — prompted two analysts to turn bullish on the beauty stock. The Estee Lauder Analysts: D.A. Davidson analyst Linda Bolton Weiser upgraded Estee...
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Here's Why DA Davidson Is Recommending Best Buy, Target, Walmart
Friday, August 14, 2020 - 4:05pm | 544DA Davidson analysts initiated coverage of a handful of retailers Friday and rated them based on their exposure to the current "stay, play, earn, and learn from home" environment. Michael Baker initiated coverage of Best Buy Co Inc (NYSE: BBY) with a Buy rating and a $118 price...
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8 Lyft Analysts React To Q2 Earnings, California Risks
Thursday, August 13, 2020 - 5:02pm | 1186Ride-hailing company Lyft Inc (NASDAQ: LYFT) reported second-quarter results that immediately sent shares trading higher. But the stock reversed course and dipped into negative territory as the company acknowledged it may need to pause its operations in California. The Analysts CFRA analyst...
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Why This Analyst Says It's Not Too Late To Buy Tech Stocks
Tuesday, July 7, 2020 - 5:14pm | 403The Nasdaq index closed Monday at a record high and is up around 20% since the start of 2020. Despite the strong rally, investors should "absolutely" still be buyers of tech stocks, according to D.A. Davidson's Tom Forte. What Happened: The global COVID-19 pandemic marks the beginning...
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Uber's $2.65B Postmates Acquisition: The Bull Vs. Bear Reaction
Tuesday, July 7, 2020 - 3:40pm | 601The Street's reaction to Uber Technologies Inc's (NYSE: UBER) $2.65-billion acquisition of Postmates is mixed as some analysts are praising the deal while others question the logic. DA Davidson's White: No Major Change In Food Delivery The U.S.-based market share Postmates holds...
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Euronet Worldwide: DA Davidson's Payments Alternative To Western Union, MoneyGram
Tuesday, June 2, 2020 - 3:10pm | 477The Western Union Company (NYSE: WU) is reportedly looking to acquire Moneygram International Inc (NASDAQ: MGI) in a merger that looks unappealing for investors, according to D.A. Davidson. The Euronet Worldwide Analyst Peter Heckmann maintained a Buy rating on rival Euronet Worldwide,...
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Uber, GrubHub Analysts Dish Opinions On Reported M&A Talks: 'Not Surprising'
Tuesday, May 12, 2020 - 4:34pm | 839If media reports are accurate that Uber Technologies Inc (NYSE: UBER) is in talks to acquire rival food delivery platform GrubHub Inc (NYSE: GRUB), it would be both an offensive and defensive move, according to Wedbusgh. The Uber Analysts Wedbush analyst Ygal Arounian maintains an Outperform rating...
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Analyst Upgrades RealPage On Solid Results, Constructive Guidance
Friday, February 28, 2020 - 1:58pm | 268RealPage Inc (NASDAQ: RP) reported strong results for the fourth quarter and its guidance indicates an acceleration in organic growth in 2020, according to DA Davidson. The RealPage Analyst Peter Heckmann upgraded RealPage from Neutral to Buy while raising the price target from $60 to $66. The...
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Why This Analyst Is Bullish On Chicken Soup For The Soul
Tuesday, February 25, 2020 - 4:16pm | 404Chicken Soup for The Soul Entertainment Inc (NASDAQ: CSSE) describes itself as a provider of "positive and entertaining video content that brings out the best of the human spirit." Research firm DA Davidson initiated coverage of the stock with a bullish rating, noting the company's...
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What A Bernie Sanders Presidency Could Mean For Big Tech Stocks
Monday, February 24, 2020 - 3:00pm | 793If Bernie Sanders were to become president, it could be good for Roku Inc (NASDAQ: ROKU) and a problem for Apple Inc. (NASDAQ: AAPL) and Amazon.com Inc. (NASDAQ: AMZN), according to a DA Davidson first-take look at the potential impact of Sanders' proposals. Sanders, who cemented front-runner...
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Why Weight Watchers Could Post 10% Subscriber Growth
Friday, February 21, 2020 - 1:25pm | 380WW International Inc (NASDAQ: WW) snagged a bullish upgrade from DA Davidson, premised on strong subscriber growth and an attractive valuation. The WW Analyst Linda Bolton Weiser upgraded WW from Neutral to Buy and increased the price target from $33 to $56. The WW Thesis The 2020 consensus sales...
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Apple Experts React To iPhone Maker's Revenue Warning, Coronavirus Threat
Tuesday, February 18, 2020 - 10:23am | 599Shares of Apple Inc. (NASDAQ: AAPL) were trading lower by 2% early Tuesday morning after the iPhone maker said it doesn't expect to meet its prior fiscal second-quarter revenue guidance of $63 to $67 billion due to the coronavirus outbreak. Here's how several experts reacted to the...
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Analyst Cuts Funko Rating On Big Sales Miss, Low Confidence In Guidance
Thursday, February 6, 2020 - 1:29pm | 290Funko Inc (NASDAQ: FNKO) preannounced an 8% sales decline for the fourth quarter of 2019 citing weak reorders in December and disappointing Pop! figure sales related to Frozen 2 and Star Wars. The 2020 guidance indicates steep sales growth in the second half of the year, but management was unable...