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Wedbush Initiates Coverage On Etsy Before IPO
Monday, April 13, 2015 - 5:06pm | 465Read More...Wedbush initiated coverage on Etsy, Inc. (NASDAQ: ETSY) Monday with a Neutral rating and $14 price target ahead of the company’s IPO. Analysts Gil Luria and Aaron Turner expected the company to “enjoy rapid near-term growth rates within its niche as marketing spend helps drive...
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ATM Market & NCR 2015 Preview: 'Currency And European Market To Drive Declines,' Wedbush Says
Monday, April 13, 2015 - 12:35pm | 256Read More...In a report issued Sunday, Wedbush analysts Gil Luria and Aaron Turner previewed the automated teller machines (ATM) market for 2015. They expect to see the ATM market "decline by 4 percent in U.S. dollar terms" (despite delivering a 4 percent growth in local currency), as a strengthening dollar...
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Wedbush Says Alibaba-eBay Merger 'Unlikely'
Wednesday, April 8, 2015 - 1:22pm | 188Read More...eBay Inc (NASDAQ: EBAY) investors hoping their company will be acquired by Alibaba Group Holding Ltd (NYSE: BABA) may need to re-evaluate their thinking, at least according to Wedbush analyst Gil Luria. EBay briefly spiked up Wednesday morning amid unconfirmed rumors that Alibaba was looking to...
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Wedbush On Alibaba-Snapchat: Makes More Sense Than It Initially Looks
Thursday, March 12, 2015 - 4:06pm | 355Read More...Speaking to Benzinga, Wedbush analyst Gil Luria commented on Alibaba Group Holding Ltd (NYSE: BABA) $200 million investment in Snapchat. Luria said that the deal "makes a lot more sense than it may look [like] initially" as the analyst explained how Alibaba also invested in Weibo...
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Wedbush Securities Sees Mostly Stellar Quarter For VeriFone Systems
Wednesday, March 11, 2015 - 7:43am | 116Read More...In a report published Wednesday, Wedbush Securities analyst Gil Luria reiterated an Outperform rating and $44.00 price target on VeriFone Systems Inc. (NYSE: PAY). In the report, Wedbush Securities noted, "Very strong Q1 only slightly muted by currency and Russia. Revenue of $486 million beat...
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Wedbush Securities Reiterates Outperform, Lowers PT On H&R Block As Tax Season Is Expected To Improve After Tough Start
Thursday, March 5, 2015 - 9:39am | 110Read More...In a report published Thursday, Wedbush Securities analyst Gil Luria reiterated an Outperform rating on H&R Block Inc. (NYSE: HRB), but lowered the price target from $40.00 to $38.00. In the report, Wedbush Securities noted, "We believe HRB will be able to deliver sustainable double-digit...
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The Real Problem Facing Alibaba? Politics
Wednesday, March 4, 2015 - 11:49am | 343Read More...Alibaba Group Holding Ltd (NYSE: BABA) shares have been on a gradual decline over the last three months, losing more than 26 percent. With recent news regarding fake listings on the website, shares are now on the cusp of breaking the $80 level. Gil Luria, Wedbush Securities research analyst,...
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Wedbush Securities Sees Strong Volume Growth Driving Q2 Beat For Intuit
Friday, February 20, 2015 - 9:51am | 109Read More...In a report published Friday, Wedbush Securities analyst Gil Luria reiterated a Neutral rating and $92.00 price target on Intuit Inc. (NASDAQ: INTU). In the report, Wedbush Securities noted, "We see Intuit as a cycle-independent technology leader in early stages of global expansion. Strong volume...
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Alibaba/eBay Deal Is Not Imminent, Wedbush Analyst Says
Tuesday, February 10, 2015 - 2:17pm | 359Read More...Speaking to Benzinga, Wedbush Analyst Gil Luria addressed the rumors of a deal between Alibaba Group Holding Ltd (NYSE: BABA) and eBay Inc (NASDAQ: EBAY). Luria noted that a number of companies might be interested in acquiring eBay Marketplace or PayPal, and said Google Inc (NASDAQ: GOOG...
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Wedbush Reiterates On Alibaba, Expects Shares To Maintain A 'Premium Valuation'
Thursday, January 29, 2015 - 3:52pm | 242Read More...Wedbush reiterated its Outperform rating and $115 price target on Alibaba Group Holding Ltd (NYSE: BABA) Thursday. Analyst Gil Luria believed the stock offers a “compelling combination of size, growth and profitability, on a global basis.” While Alibaba’s Q3 revenue of $4....
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Wedbush Analyst Expects Another Quarter Of 'Very Strong Growth' For Alibaba
Monday, January 26, 2015 - 2:47pm | 139Read More...Speaking to Benzinga, Wedbush Analyst Gil Luria said he expects another quarter of “very strong growth” for Alibaba Holding Group Ltd (NYSE: BABA). “We should see another quarter of 40 percent plus growth based on the Chinese consumer growing and spending more online and on...
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UPDATE: Wedbush Reiterates On H&R Block Ahead Of Analyst Day
Tuesday, December 2, 2014 - 9:35am | 120Read More...In a report published Tuesday, Wedbush analyst Gil Luria reiterated an Outperform rating on H&R Block Inc (NYSE: HRB), and raised the price target from $38.00 to $40.00. In the report, Wedbush noted, “We believe HRB will be able to deliver sustainable double-digit shareholder returns based on 3...
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Wedbush Raises Intuit Price Target
Friday, November 21, 2014 - 11:02am | 236Read More...Wedbush raised its price target on Intuit Inc. (NASDAQ: INTU) Thursday from $95 to $100 and reiterated its Outperform rating after the company beat Q1 expectations. Analyst Gil Luria believed that Intel “will outpace the market based on double-digit growth in the Small Business segment....
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How Could Singles Day Help The Biggest Company In The World?
Monday, November 10, 2014 - 3:39pm | 738Read More...It only took 17 minutes for Alibaba Group Holding Ltd (NYSE: BABA) to make $1 billion USD during Singles Day 2014, an event that initially started to celebrate those who are single. Alibaba has cleverly transformed the holiday into the Chinese version of Cyber Monday, offering massive discounts...
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Rite Aid, CVS Unlikely To Win War Against Apple
Wednesday, October 29, 2014 - 12:54pm | 987Read More...CVS Health Corp and Rite Aid Corporation (NYSE: RAD) surprised consumers when they announced they would no longer accept Apple Inc.'s (NASDAQ: AAPL) new mobile payment solution. This unexpected move appears to be tied to CurrentC, an upcoming payment solution that numerous retailers are...
