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Analysts: Amazon Is More Than The Truck That Brings Gifts
Friday, December 6, 2019 - 3:40pm | 552Around the holidays Amazon.com Inc. (NASDAQ: AMZN) is probably best known for being one of Santa's biggest helpers, delivering presents to homes at a furious pace. But as the company rolls out several new Amazon Web Services products and new innovations in machine learning, and its Amazon...
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Roku Shares Jump After RBC Upgrade
Friday, October 11, 2019 - 10:20am | 280Roku Inc (NASDAQ: ROKU) shares jumped Friday after RBC upgraded the stock on valuation, following a month-long sell-off of the streaming device maker’s shares. The Analyst RBC analyst Mark Mahaney upgraded Roku from Sector Perform to Outperform and boosted the target price from $107 to $155....
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RBC Remains Bullish On Amazon Due To 'Growth Curve Initiatives'
Tuesday, September 3, 2019 - 12:03pm | 383Amazon.com, Inc. (NASDAQ: AMZN) comes with some investment risk but bears may be ignoring the multiple "Growth Curve Initiatives" under Amazon's umbrella, according to RBC. The Analyst RBC Capital Markets analyst Mark Mahaney maintains an Outperform rating on Amazon with a price...
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Good Show! UK Watchers Stream To Netflix
Monday, August 26, 2019 - 12:06pm | 540Netflix Inc (NASDAQ: NFLX) had a jolly good showing in a survey of United Kingdom users that found record high usage and strong satisfaction. Combined with still-positive American results, the positive news is keeping RBC bullish on the stock. The Analyst Mark Mahaney reiterated an Outperform...
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RBC's Mahaney On Roku Downgrade: We Were Wrong
Tuesday, August 13, 2019 - 10:52am | 482RBC Capital Market analyst Mark Mahaney downgraded Roku Inc (NASDAQ: ROKU)'s stock rating from Outperform to Sector Perform in early July. The stock has gained more than 30% since the rating revision, the analyst told Bloomberg on Monday. "Our downgrade was clearly premature or...
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RBC's Quick Reaction To Twitter's Q2 Earnings
Friday, July 26, 2019 - 8:57am | 365Twitter Inc (NYSE: TWTR) reported Friday second-quarter results, which sent the stock higher in early market trading and showed acceptable growth rates, according to RBC Capital Markets' Mark Mahaney. What Happened Twitter's average monetizable daily active users (mDAUs) metric was...
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RBC Says Facebook's Libra Could Be A 'Watershed Moment' For Cryptocurrency
Tuesday, June 18, 2019 - 9:12am | 342Facebook, Inc. (NASDAQ: FB)'s launch of its own branded digital currency called Libra could prove to be a "watershed moment," according to RBC Capital Markets. The Analyst RBC's Mark Mahaney maintains an Outperform rating on Facebook with a $250 price target. The Thesis Facebook...
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RBC Discusses Jumia's Outlook
Monday, May 6, 2019 - 3:56pm | 344Jumia Technologies AG - ADR (NYSE: JMIA) is an e-commerce platform that operates in six African regions and 14 countries that combine for a GDP of two trillion euros. After gaining more than 200 percent since its initial public offering, the stock's valuation is now "relatively full,...
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The Sell-Side's Takeaways From Amazon's Investor Letter
Friday, April 12, 2019 - 2:22pm | 590E-commerce giant Amazon.com, Inc. (NASDAQ: AMZN)'s annual shareholder letter focused mostly on its large size, scale and multiple initiatives ahead that could result in "multibillion-dollar failures." RBC's 5 Takeaways The five main takeaways from the letter penned by CEO Jeff...
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Despite Huge Run Already In 2019, RBC Sees Further Upside For Snapchat's Stock
Monday, April 8, 2019 - 9:25am | 347Shares of Snap Inc (NYSE: SNAP) are up more than 100 percent since the start of 2019 and multiple catalysts ahead could help the momentum continue, according to RBC Capital Markets. The Analyst RBC's Mark Mahaney upgraded Snap from Sector Perform to Outperform with a price target lifted from $...
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4 Reasons RBC Continues To Love Netflix's Stock
Wednesday, March 20, 2019 - 11:52am | 466Netflix, Inc. (NASDAQ: NFLX) is off to another hot start to 2019, and one analyst expects that bullish momentum to continue. The Analyst RBC analyst Mark Mahaney reiterated his Outperform rating and $480 price target for Netflix. The Thesis In a Wedneday note, Mahaney discussed four reasons he...
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Wall Street Is Signing Up For Stitch Fix
Tuesday, March 12, 2019 - 11:45am | 522Online personal styling company Stitch Fix Inc (NASDAQ: SFIX) reported fiscal second-quarter results that came in better than expected and prompted two analysts to turn incrementally bullish on the stock. The Analyst RBC Capital Markets' Mark Mahaney maintains an Outperform rating on Stitch Fix...
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Eventbrite Plummets 30% On Lower Guidance, But This Analyst Remains Bullish
Friday, March 8, 2019 - 10:45am | 343Ticketing and event company Eventbrite Inc (NYSE: EB) reported mixed fourth-quarter earnings and concerning first-quarter guidance. The company sees first-quarter sales of $80-$84 million, lower than the $91.1-million estimate. RBC remains a bull on the stock although with a "less constructive...
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Analysts Downgrade TrueCar, Forecast Weak Fundamentals
Friday, February 15, 2019 - 9:57am | 451The Street had little love for TrueCar Inc (NASDAQ: TRUE) this Valentine’s Day. Analysts pulled back when the online auto market reported an earnings miss and issued weak guidance. The Ratings RBC Capital analyst Mark Mahaney downgraded TrueCar to Sector Perform and cut his price target from...
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Snap's CFO Departure 'Raises Additional Concerns,' Analysts Say
Wednesday, January 16, 2019 - 1:52pm | 595Snap Inc (NYSE: SNAP) needs to find a new chief financial officer after Tim Stone resigned from his position after just eight months on the job. The company said Stone's resignation is "not related to any disagreement with us on any matter" although it is raising some red flags among...