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Is Generative AI Friend Or Foe For Google? Analyst Withdraws Bullish Rating
Monday, June 26, 2023 - 10:10am | 314Google parent Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) is set to become among the leaders of the fourth industrial revolution, which has already begun. Although, there is limited upside to the consensus estimates, which call for an acceleration of growth to 11% in 2024, according to UBS....
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Amazon Analyst Reduces Price Target By 25% As AWS Cloud Business Tracks 'Meaningfully' Below Consensus Estimate
Thursday, January 5, 2023 - 7:20am | 436Amazon Inc. (NASDAQ: AMZN) was among the worst-performing mega-cap stocks in 2022 by virtue of its nearly 50% plunge. An analyst at UBS recently took down his price target for the stock. The Amazon Analyst: UBS analyst Lloyd Walmsley maintained a Buy rating and reduced the price target from...
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Will Lyft Stock Lag After Hiring Freeze? Why Analysts Say Uber Could Capture Market
Wednesday, September 28, 2022 - 12:30pm | 565Lyft Inc.'s (NASDAQ: LYFT) U.S. hiring freeze has analysts anticipating what the impact could be on the e-hailing industry. What Happened: Lyft spokeswoman Ashley Adams confirmed the hiring freeze in a statement to the New York Post. "Like many other companies navigating an uncertain...
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Is Uber Eating Lyft's Lunch? Here's What UBS Says About The Head-On Collision In Rideshare
Monday, September 26, 2022 - 2:08pm | 506UBS analysts see limited upside in shares of Lyft Inc (NASDAQ: LYFT) as the company faces structural headwinds relative to its competition. What Happened: UBS analyst Lloyd Walmsley downgraded Lyft from Buy to Neutral and slashed the price target $...
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Twitter Analyst Sees Risk To Q1 Guidance, But Expects 'Buying Opportunity Ahead'
Tuesday, February 4, 2020 - 4:36pm | 383Twitter Inc (NYSE: TWTR) is scheduled to report its fourth-quarter results Thursday morning. An analyst at Deutsche Bank is bracing for sub-par first-quarter guidance, but is optimistic about 2020. The Twitter Analyst Lloyd Walmsley maintained a Hold rating on Twitter but increased the price target...
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In Defense Of Pinterest? These Analysts Stay Positive After Earnings Drop
Friday, November 1, 2019 - 11:34am | 481Image-sharing social media platform Pinterest Inc (NYSE: PINS) disappointed the Street with its third-quarter report, but at least three analysts are defending the company. The Analysts DA Davidson analyst Tom Forte upgraded Pinterest's stock from Neutral to Buy with a $28 price target....
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What To Expect From Q3 Internet Earnings
Wednesday, October 9, 2019 - 4:24pm | 944The tech sector has had a lackluster quarter performance-wise since the beginning of second-quarter earnings season. Tech bulls are hoping the sector can get back on the right track when third-quarter earnings season kicks off with Netflix, Inc. (NASDAQ: NFLX) on Oct. 16. Nomura Instinet analyst...
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Sell-Side Lifts Expedia Price Targets After Strong Q4 Report, 2019 Outlook
Friday, February 8, 2019 - 4:03pm | 515Shares of online travel agency Expedia Group Inc (NASDAQ: EXPE) soared after a positive earnings report Thursday and company expectations for earnings growth that outpaced earlier Street expectations. Expedia said it expects 2019 growth in the 10-15-percent range, ahead of Wall...
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Need A Reason To Buy Booking Holdings? Deutsche Bank Offers 5
Tuesday, February 5, 2019 - 4:51pm | 375Deutsche Bank named five reasons why its cautious stance on online travel agency Booking Holdings Inc (NASDAQ: BKNG) came to an end Tuesday. The Analyst Deutsche Bank's Lloyd Walmsley upgraded Booking Holdings from Hold to Buy with a price target lifted from $2,150 to $2,370....
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Analysts Parse Facebook's Growth, Revenue Trends After Mixed Q3 Print
Wednesday, October 31, 2018 - 10:29am | 659Facebook Inc. (NASDAQ: FB) were trading up Wednesday after reporting a mixed third quarter after the close Tuesday. The Analysts KeyBanc Capital Markets analyst Andy Hargreaves reiterated an Overweight rating on Facebook and lowered the price target from $215 to $195. Morgan Stanley analyst...
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Snap Crackles And Pops On CEO Spiegel's New Profit Goals
Friday, October 5, 2018 - 10:01am | 437Snap Inc (NYSE: SNAP) rose more than 3 percent early Friday as the Street circulated an internal memo delineating a recovery strategy and conceding recent miscalculations. What Happened In the Sept. 26 memo to employees obtained by Cheddar, Snap CEO Evan Spiegel referenced a “stretch goal...
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What To Make Of Amazon's Push Into 4-Star Brick-And-Mortar Stores
Friday, September 28, 2018 - 2:53pm | 382Amazon.com, Inc. (NASDAQ: AMZN) grew to a $1 trillion valuation by stealing market share from brick-and-mortar retailers with its massive online marketplace. Given Amazon has built its empire via e-commerce, it may seem strange to some investors that Amazon has focused so much on opening its own...
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Facebook's Q2 Earnings: What To Expect
Wednesday, July 25, 2018 - 9:35am | 665Facebook, Inc. (NASDAQ: FB) is scheduled to report second-quarter results Wednesday afternoon, and some Wall Street analysts are turning incrementally bullish ahead of the print. The Analysts Deutsche Bank's Lloyd Walmsley maintained a Buy rating on Facebook with a price target...
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Amazon's PillPack Acquisition: What It Means For The Tech Giant And Everybody Else
Friday, June 29, 2018 - 12:43pm | 951Amazon.com, Inc. (NASDAQ: AMZN) announced its acquisition of PillPack, an online pharmacy previously targeted by Walmart Inc (NYSE: WMT). The transaction is seen to advance Amazon’s health care campaign to the detriment of the vast and diverse sector. What It Means For Amazon Amazon had...
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Deutsche Bank Holds Spotify, But Names 4 Ways It Could Turn Bullish On The Streaming Service
Thursday, June 14, 2018 - 10:11am | 377Is streaming music provider Spotify Technology (NYSE: SPOT) the next Netflix, Inc. (NASDAQ: NFLX)? The answer is no — for now, according to Deutsche Bank. The Analyst Analyst Lloyd Walmsley initiated coverage of Spotify with a Hold rating and $155 price target. The Thesis...