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RBC Downgrades Snap Following Latest Exec Departure
Wednesday, January 16, 2019 - 11:11am | 422Snap Inc (NYSE: SNAP) suffered another executive setback as CFO Tim Stone is leaving the company after just eight months on the job. While the company made it clear his resignation is not due to any disagreement with the company's strategy or direction, it's a "material negative"...
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RBC's Mahaney: Tech 'Reckoning' Already Occurred
Friday, January 4, 2019 - 11:03am | 551Should investors look at Apple Inc. (NASDAQ: AAPL)'s guidance warning as a sign that the broader tech sector will tumble? That "reckoning" has already taken place, according to RBC Capital Markets' Mark Mahaney. What Happened Speaking as a guest on "Bloomberg Technology...
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Upwork Will Benefit From The Freelance Economy, Analysts Say
Monday, October 29, 2018 - 3:46pm | 478Global freelancing website Upwork Inc (NASDAQ: UPWK) saw its shares soar more than 50 percent after it started trading in early October. Here's a roundup of what some of the Street's top analysts are saying as its IPO quiet period expires. The Analysts RBC Capital Markets' Mark...
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PayPal Sneezes, eBay Catches A Cold: RBC Downgrades Online Auction Platform On Negative Data
Tuesday, October 23, 2018 - 11:35am | 447Paypal Holdings Inc (NASDAQ: PYPL) reported third-quarter results Oct. 18, and the readthrough isn't looking all that positive for its erstwhile parent eBay Inc (NASDAQ: EBAY), according to RBC Capital Markets. The Analyst Analyst Mark Mahaney downgraded eBay from Outperform to Sector...
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Strong Growth Projections For Roku Lead RBC To Recommend Buying The Dip
Friday, October 19, 2018 - 9:48am | 511As a company, Roku Inc (NASDAQ: ROKU) is well-positioned to sustain high revenue growth over the coming years, meaning that the recent 25-percent correction in the stock should be bought by investors, according to RBC Capital Markets. The Analyst Analyst Mark Mahaney upgraded Roku...
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Netflix: A Bull-Bear Debate
Thursday, September 6, 2018 - 12:00pm | 476Analysts remain divided on Netflix, Inc. (NASDAQ: NFLX) following the stock’s huge 2018 run-up and its disappointing third-quarter guidance. In the past two days, one Wall Street bull and one bear weighed in on Netflix and discussed the pros and cons of buying the stock. RBC’s Bull Case...
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Amazon Joins The $1 Trillion Club
Tuesday, September 4, 2018 - 2:08pm | 534When Apple, Inc. (NASDAQ: AAPL) hit its $1 trillion market cap last month, analysts and investors anticipated and inferred about the next company to hit this huge milestone. What Happened On Tuesday, Amazon.com Inc. (NASDAQ: AMZN) became the second publicly traded U.S. company to reach $1...
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Should Investors Buy The Dip In Dropbox? 4 Analysts Weigh In
Friday, August 10, 2018 - 3:48pm | 718Dropbox Inc (NASDAQ: DBX) shares moved lower in reaction to second-quarter results that came in better-than-expected but were accompanied by an announcement of Chief Operating Officer Dennis Woodside's departure. Should investors take advantage of the dip? Four street...
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Analysts React To Trade Desk's Blowout Quarter
Friday, August 10, 2018 - 1:22pm | 507Trade Desk Inc (NASDAQ: TTD) stock skyrocketed more than 36 percent on Friday after a huge second-quarter earnings beat and raised guidance. For traders wondering whether to stay along for the ride or take the money and run, here’s what several Wall Street analysts had to say about the stock...
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CarGurus Scores Bullish Ratings On Positive Earnings
Wednesday, August 8, 2018 - 3:19pm | 381Online auto marketplace CarGurus Inc (NASDAQ: CARG) recorded top- and bottom-line beats in its Tuesday earnings report. That, combined with confident annual guidance, inspired a pair of upgrades. RBC Capital Markets analysts Mark Mahaney and Shweta Khajuria upgraded CarGurus to Outperform and...
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Netflix Could Be Worth Up To $750 Per Share In 3 Years, Says RBC's Mahaney
Friday, June 1, 2018 - 12:16pm | 482Netflix, Inc. (NASDAQ: NFLX) shares should at the very least trade at $450 within three years — and could trade as high as $750, according to RBC Capital Markets. The Analyst RBC Capital Markets' Mark Mahaney maintains an Outperform rating on Netflix with an unchanged $360...
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RBC Bullish On Spotify Ahead Of IPO, Sets $220 Price Target
Thursday, March 29, 2018 - 12:12pm | 373Wall Street isn't waiting for Spotify Technology (NYSE: SPOT)'s planned April 3 IPO to weigh in on the stock. The Analyst RBC Capital Markets analyst Mark Mahaney has initiated coverage of Spotify with an Outperform rating and $220 price target. The Thesis Spotify stock has...
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3 Factors Driving RBC's Redfin Upgrade
Monday, February 5, 2018 - 12:17pm | 401Shares of Redfin Corp (NASDAQ: RDFN) have lost more than 30 percent since the turn of the year, which has an RBC Capital Markets analyst urging investors to take advantage of the correction. The Analyst RBC Capital Markets' Mark Mahaney upgraded Redfin's stock rating from Sector Perform...
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RBC's Mahaney Turns From 'Skeptical' To Bullish On eBay
Thursday, February 1, 2018 - 3:06pm | 459eBay Inc (NASDAQ: EBAY) reported fourth-quarter results Wednesday that included a slight revenue miss and in-line earnings. But digging beyond the headline numbers reveals four reasons why investors can turn aggressive on the stock, according to RBC Capital Markets. The Analyst...
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Citron Calls Roku A 'Total Joke'
Tuesday, November 28, 2017 - 2:27pm | 527Notable short seller Citron Research Tweeted on Tuesday that Roku Inc (NASDAQ: ROKU) is a bubble that could move "much lower." What You Need To Know Citron cited RBC analyst Mark Mahaney, who has a $28 price target on Roku, and that Needham's Laura Martin's $50 price target is...