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Survey: US Travel Demand On The Rise, And Airbnb Could Benefit
Tuesday, April 5, 2022 - 3:24pm | 438The global travel industry was crushed during the pandemic, but the latest travel survey from Bank of America suggests Airbnb Inc (NASDAQ: ABNB) could be a big winner from a rebound in travel demand this year. Pent-Up Demand: Bank of America analyst Justin Post said last week that 62% of survey...
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Uber Analyst Says Business Is Booming In March, Despite Spike In Gas Prices
Thursday, March 24, 2022 - 3:00pm | 430Shares of Uber Technologies Inc (NYSE: UBER) jumped 4.6% on Thursday after the company announced a new deal that will allow the app to list New York City taxis on its app for the first time. In addition to the potential lucrative taxi partnership, Bank of America analyst Justin Post said Thursday...
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4 Internet Stocks To Buy On The Dip
Wednesday, March 23, 2022 - 4:25pm | 455Internet stocks have gotten hit particularly hard by the 2022 stock market sell-off, but Bank of America analyst Justin Post said the market volatility has created some excellent long-term buying opportunities for choosy investors. Post said Wednesday the internet stocks he covers are down an...
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Why These Amazon Analysts Are Bullish Following 20-for-1 Stock Split Announcement
Thursday, March 10, 2022 - 3:35pm | 482Amazon.com, Inc. (NASDAQ: AMZN) shares traded higher by 5% on Thursday after the company announced a 20-for-1 stock split and a new share buyback program. What Happened? On Wednesday, Amazon said its board of directors has approved its first stock split since 1999 and authorized a $10-billion share...
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Why Are Company Insiders Buying These 7 S&P 500 Stocks?
Tuesday, March 8, 2022 - 4:07pm | 1091Most investors are likely familiar with the adage, "actions speak louder than words." That saying certainly applies to the executives and other corporate insiders buying and selling shares of their own company's stock. It's part of an executive's job to paint a rosy public...
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Uber Analyst Bullish Following Guidance Update, Says Rising Gas Prices Not A Threat
Tuesday, March 8, 2022 - 11:58am | 397Shares of Uber Technologies Inc (NYSE: UBER) gained over 7% on Tuesday morning after the company raised its earnings outlook as the U.S. mobility market continues to recover from the pandemic. Updated Guidance: In a new 8K filing, Uber raised its guidance for first-quarter EBITDA from an old range...
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5 Uber Analysts Hail Q4 Revenue Beat, Omicron Rebound
Thursday, February 10, 2022 - 4:50pm | 490Uber Technologies Inc (NYES: UBER) reported a fourth-quarter sales beat Wednesday and said business is bouncing back from the omicron outbreak. Uber reported a fourth-quarter adjusted EPS loss of 26 cents on revenue of $5.78 billion. Both numbers exceeded consensus analyst estimates of a 35-cent...
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7 Of The Best Nasdaq Stocks to Buy On The Dip
Monday, February 7, 2022 - 2:58pm | 1072The S&P 500 is off to a shaky start to 2022, down 5.5% year-to-date. As bad as things have been for the S&P 500, they have been even worse for the tech-heavy Nasdaq Composite, which is down 9.9% so far in this year. Investors are dumping Nasdaq stocks due to concerns over rising interest...
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'A Near Insurmountable Climb': Pinterest Analysts React To Q4 Earnings Beat
Friday, February 4, 2022 - 2:42pm | 425Pinterest Inc (NYSE: PINS) shares traded higher by 8.7% on Friday after the company reported a fourth-quarter earnings beat on Thursday afternoon. Pinterest reported fourth-quarter adjusted EPS of 49 cents on revenue of $847 million. Both numbers beat analyst expectations of 45 cents and $827...
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Snap Analyst Upgrades Stock After 50% Surge: Why BofA Has Higher Confidence For 2022
Friday, February 4, 2022 - 11:39am | 218Snap Inc’s (NYSE: SNAP) fourth-quarter revenue beat and healthy guidance for the first quarter has increased the confidence in the iOS 14.5 IDFA workaround solutions gaining traction, according to BofA Securities. The Snap Analyst: Justin Post upgraded Snap from Neutral to Buy with an...
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Peloton Analyst Cuts Price Target By 45% Following Latest Sell-Off
Friday, January 21, 2022 - 1:03pm | 390Peloton Interactive Inc (NASDAQ: PTON) shares were rallying by 11% midday Friday but remain down about 83% over the last year. CNBC reported this week that Peloton is temporarily halting production of its bikes and treadmills to control costs as fitness equipment demand wanes. In response to...
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Why Amazon's Higher Fulfillment Fees Could Generate $3.1B In Revenue
Friday, November 19, 2021 - 12:51pm | 424Amazon.com, Inc. (NASDAQ: AMZN) has announced it will be raising its Fulfillment by Amazon (FBA) fees starting Jan. 18, 2022, a move that could generate $3.1 billion in incremental revenue. What Happened: Amazon will be raising FBA fulfillment fees by an average of 5.2%. The fee changes will...
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6 Peloton Analysts Break Down Q1 Earnings: 'Not The Year We Envisioned'
Friday, November 5, 2021 - 4:05pm | 605Peloton Interactive Inc (NASDAQ: PTON) shares dropped 35% Friday after the company reported a wider-than-expected loss and aggressively cut its full-year guidance. Peloton reported a fiscal first-quarter EPS loss of $1.25 on revenue of $805.2 million. Both numbers fell short of consensus...
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6 Lyft Analysts Break Down Q3 Earnings: 'We Think Uber Should Benefit'
Wednesday, November 3, 2021 - 1:31pm | 677LYFT Inc (NASDAQ: LYFT) shares traded higher by 8.8% and Uber Technologies Inc (NASDAQ: UBER) gained 6.8% Wednesday after Lyft reported third-quarter earnings and revenue beats and said driver shortages are easing. Lyft reported third-quarter adjusted EPS of 5 cents on revenue of $864.4 million....
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BofA On Facebook's Facelift To Meta, Analyst Maintains $400 Price Target
Saturday, October 30, 2021 - 4:40pm | 289Facebook, Inc. (NASDAQ: FB) Thursday launched a series of new products in the augmented and virtual reality category during its Facebook Connect Conference. The rebranding of Facebook to Meta highlights the growing importance of non-Facebook apps like Instagram and WhatsApp, and could make a...