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Underwriters Nailed Snap's Market Valuation Perfectly
Thursday, May 11, 2017 - 4:25pm | 382Snap Inc (NYSE: SNAP) shares plummeted to within 41 cents of their IPO price on Thursday after the company reported its first-ever quarterly earnings report as a public company. The 20 percent selloff suggests Snap’s Wall Street IPO underwriters may have nailed the company’s valuation....
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Twitter A Trending Topic Among Sell-Side Analysts
Sunday, April 30, 2017 - 12:46pm | 1017Twitter Inc (NYSE: TWTR)'s first-quarter earnings report has come and gone, which means its time for some of Wall Street's most notable analysts to weigh in. JMP: 3 Likes And 3 Dislikes Ronald Josey of JMP maintains a Market Perform rating on Twitter's stock with no assigned price target. Josey...
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Amazon's AWS Is 10 Years Old: A Look Backward And Forward
Thursday, November 17, 2016 - 9:16am | 417In 2006, Amazon.com, Inc. (NASDAQ: AMZN) made its web-scale application infrastructure, which was until then being used for its own e-commerce platform, available to external users. With this move, the company marked the beginning of the public cloud movement. “This business, Amazon Web...
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Priceline's Price Target Raised To $1,600 At Goldman Sachs
Tuesday, November 8, 2016 - 9:20am | 271Goldman Sachs’ Heath Terry believes Priceline Group Inc (NASDAQ: PCLN) is best positioned among OTAs “given its exposure to faster growing Asia, lower mix of chain hotel business and its relatively attractive multiple.” Terry maintained a Neutral rating on the company, while...
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Twitter's Cost Savings Will Drive Margins Next Year
Friday, October 28, 2016 - 8:38am | 318CNBC's Jim Cramer described Twitter Inc (NYSE: TWTR)'s third-quarter earnings report as being "not the disaster some people expected," a sentiment that is shared among many Wall Street analysts and investors. Heath Terry of Goldman Sachs is among several Wall Street analysts who viewed Twitter's...
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The Sell Side Reacts To PayPal's Q3 Results
Friday, October 21, 2016 - 1:00pm | 361Shares of Paypal Holdings Inc (NASDAQ: PYPL) gained more than eight percent on Friday and traded at fresh 52-week highs after the company reported its third quarter results. Related Link: PayPal Little Changed On Lukewarm Results, Guidance Here is a summary of how Wall Street analysts reacted...
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Goldman Sachs Reviews Q2 Earnings From WebMD
Tuesday, August 9, 2016 - 1:39pm | 204Goldman Sachs maintained its Neutral rating on WebMD Health Corp. (NASDAQ: WBMD) despite the company's better-than-expected quarterly results. The company's second quarter EPS of $0.39 topped estimates by $0.01 and revenue of $167.6 also came in above Street consensus of $165 million....
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Goldman Sachs Expecting A Recovery In LendingClub Loan Demand Over Time
Tuesday, August 9, 2016 - 9:32am | 331LendingClub Corp (NYSE: LC) reported second quarter results in which the company lost $0.09 per share on revenue of $102.4 million. Wall Street analysts were expecting the company to lose $0.02 per share on revenue of $100.51 million. Lendingclub also said its loan origination in the quarter...
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Goldman Raises Shutterfly's Price Target To $50, Remains Neutral
Thursday, July 28, 2016 - 10:18am | 332Goldman has raised its estimates and price target on Shutterfly, Inc. (NASDAQ: SFLY) after the photo-based products and services provider reported better-than-expected quarterly results. For the second quarter, Shutterfly reported a non-GAAP loss of $0.42 a share versus consensus loss view of $0.59...
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Goldman Sachs Still Buying Twitter, Highlights Reacceleration In Product And Platform Innovation
Tuesday, July 12, 2016 - 7:55am | 264Twitter Inc (NYSE: TWTR)'s bullish case heading into its second quarter earnings (July 26) gained some momentum on Tuesday after Heath Terry of Goldman Sachs maintained a Buy rating on the stock with an unchanged $22 price target. Terry is expecting Twitter to report revenue of $608 million...
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With LinkedIn's M&A Now Priced In, Goldman Downgrades Stock To Neutral
Tuesday, June 14, 2016 - 9:38am | 202Goldman Sachs has downgraded LinkedIn Corp (NYSE: LNKD) to Neutral from Buy following its announcement to be acquired by Microsoft Corporation (NASDAQ: MSFT) for $196 per share ($26.2 billion net of cash acquired). "We are Neutral on LNKD as we now see M&A potential as more fully...
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Goldman Sachs Keeps Buy Rating On Twitter, Sets $22 Price Target
Wednesday, April 27, 2016 - 9:36am | 325Shares of Twitter Inc (NYSE: TWTR) plunged about 15 percent in Wednesday's pre-market after the micro-blogging site reported mixed results for its first quarter and guided second-quarter revenue below consensus. However, Goldman Sachs is keeping its Buy rating on the stock, and even increased its...
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Netflix Crashed 10%: Here's Everything Wall Street Is Saying
Tuesday, April 19, 2016 - 11:17am | 876Shares of Netflix, Inc. (NASDAQ: NFLX) fell more than 10 percent to $96.50 after the video streaming service missed its second quarter international subscriber guidance by 40 percent, despite reporting strong results for the first quarter. Netflix earned $0.06 in the first quarter, topping the...
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The All-Important Number For Netflix: It's Only Missed International Subscriber Guidance Once Since 2014
Monday, April 11, 2016 - 5:22pm | 378Netflix, Inc. (NASDAQ: NFLX) shares rest near $102, one week before the company reports first quarters results. Goldman Sachs, for its part, thinks Netflix will come in at $1.176 billion in revenue and $0.08 in adjusted EPS, in line with analyst consensus, according to new analysis from...
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Analysts Hesitant After LinkedIn's Conservative Guidance; Shares Plummet More Than 42%
Friday, February 5, 2016 - 2:31pm | 718Analysts roundly panned LinkedIn Corp (NYSE: LNKD)'s 2016 outlook after the company lowered guidance in a fourth-quarter earnings report this week. The company also offered a surprise for investors in announcing it would merge the B2B marketing solution it purchased last year, Bizo, into an...