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Analysts Stay Bearish On Western Union Despite New 52-Week Highs
Friday, November 1, 2019 - 2:00pm | 557The Western Union Company (NYSE: WU) reported third-quarter results, which sent the stock to a new 52-week high. The Analysts Morgan Stanley analyst James Faucette maintains at Underweight with a $20 price target. Citi analyst Ashwin Shirvaikar maintains at Sell, unchanged $20.50. Bank of America...
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Visa Analysts Encouraged By Q4 Results, 2020 Guidance
Friday, October 25, 2019 - 10:48am | 390Visa Inc (NYSE: V) reported another solid quarter Thursday, with double-digit revenue and earnings growth, and announced upbeat guidance for fiscal year 2020. The Results Visa reported fourth-quarter earnings of $1.47 per share. The figure beat Street expectations by 4 cents per share, backed...
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The Street Still Loves PayPal
Thursday, October 24, 2019 - 3:41pm | 692Paypal Holdings Inc (NASDAQ: PYPL) reported third-quarter results Wednesday that beat estimates and prompted multiple Street analysts to reaffirm bullish stances. The Analysts Wells Fargo analyst Timothy Willi maintained an Overweight rating on PayPal's stock with a $135...
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Analysts Mixed On BlackBerry Following 23% Drop
Wednesday, September 25, 2019 - 9:40am | 501Shares of BlackBerry Ltd (NYSE: BB) hit a multi-year low Tuesday in reaction to a fiscal second-quarter report highlighted by a miss in its Internet of Things and cybersecurity division. The Analysts TD Securities analyst Daniel Chan maintains a Buy rating on Blackberry with a price target lowered...
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Morgan Stanley Remains Bullish On Qualcomm, But Sees Uncertainty With China, CFO Search
Monday, August 26, 2019 - 2:54pm | 414On Friday, the 9th Circuit Court of Appeals granted Qualcomm, Inc. (NASDAQ: QCOM) a stay in a Federal Trade Commission antitrust case. While news of the FTC’s pause is encouraging, prospects of divestment from China and the so-far unsuccessful search for a chief financial officer are...
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Cisco Earnings Marred By China Uncertainty That Softened Guidance
Thursday, August 15, 2019 - 12:54pm | 661The U.S.-China trade war complicated analysts’ assessments of Cisco Systems, Inc. (NASDAQ: CSCO)’s fourth quarter and outlook, with little consensus emerging on the stock’s near-term future. Cisco reported a slight earnings beat but it came with weaker-than-expected guidance that...
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What Analysts Think About Square's Post-Earnings Prospects
Friday, August 2, 2019 - 12:28pm | 518Square Inc (NYSE: SQ) took a huge 15% hit on Friday after the company reported lackluster second-quarter numbers and issued disappointing guidance. Square reported second-quarter gross payment volume of $26.8 billion, slightly missing consensus analyst expectations of $26.9 billion. In addition,...
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Analysts Hold Out Hope For Qualcomm In 5G Future
Thursday, August 1, 2019 - 3:05pm | 589Sell-side analysts remain mostly optimistic about the long-term possibilities for QUALCOMM, Inc. (NASDAQ: QCOM) once the switch to 5G cell phone technology gets really going, despite a drop in share price, short-term headwinds from 4G sales and questions about royalties and legal issues. The...
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Morgan Stanley Recommends PayPal On Any Weakness Related To Pricing, Execution Delays
Thursday, July 25, 2019 - 10:58am | 379PayPal Holdings Inc (NASDAQ: PYPL) demonstrated positive operational leverage in the second quarter, despite weaker headline numbers, according to Morgan Stanley. The Analyst Morgan Stanley’s James Faucette maintained an Overweight rating on PayPal with a price target of $129. The Thesis...
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PayPal Analyst: Merchant Acceptance Lead Widening Over Amazon, Bitcoin
Thursday, July 18, 2019 - 11:57am | 426PayPal Holdings Inc (NASDAQ: PYPL) made four net additions of U.S. top 500 internet retailers in the second quarter versus Amazon.com, Inc (NASDAQ: AMZN)'s two merchant adds and Bitcoin’s flat performance, according to Morgan Stanley. The Analyst James Faucette...
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Morgan Stanley's Takeaways From LendingClub's Loan Numbers
Friday, July 12, 2019 - 2:14pm | 371Online lending platform LendingClub Corp (NYSE: LC) released a regulatory SEC filing which shows a weaker-than-expected loan volume growth, according to Morgan Stanley. The Analyst James Faucette maintained an Equal-weight rating on LendingClub with a price target lowered from $23.75 to $17....
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3 Things To Drive Qualcomm's Outlook Over Next 2 Years
Tuesday, June 18, 2019 - 1:45pm | 374Owning a position in Qualcomm, Inc. (NASDAQ: QCOM) is "still worth the noise" as there are three paths for the stock to move as high as $120 per share under a bull-case scenario, according to Morgan Stanley. The Analyst Morgan Stanley's James Faucette maintains an Overweight rating on...
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Is Square Still Hip? Street Weighs In After Outlook Disappoints
Thursday, May 2, 2019 - 1:10pm | 991Square Inc (NYSE: SQ) reported first-quarter results that came in better than expected, but management's second-quarter guidance missed on the top- and bottom-line. Here is a summary of how some of the Street's top analysts reacted to the print and outlook. The Analysts Bank Of America...
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Arista Networks Stock Already Reflects Bright Growth Prospects, Morgan Stanley Says In Downgrade
Tuesday, April 23, 2019 - 1:09pm | 406Checks indicate Arista Networks Inc (NYSE: ANET) should easily meet expectations in the current quarter and could continue to gain share going ahead, but its stock already reflects these positives following a recent rebound, according to Morgan Stanley. The Analyst James Faucette downgraded...
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Morgan Stanley Upgrades Qualcomm On Earnings Multiple Expansion Opportunity
Tuesday, April 23, 2019 - 11:14am | 384QUALCOMM, Inc. (NASDAQ: QCOM) is up nearly 50 percent in the last five trading sessions since announcing a settlement with Apple, Inc. (NASDAQ: AAPL). One Wall Street analyst said now is not the time to be cashing out of Qualcomm. The Analyst Morgan Stanley analyst James Faucette upgraded Qualcomm...