Mark May

Yelp Inc (NYSE: YELP) share prices are up roughly 36 percent since the company reported Q1 earnings on May 5, which beat earnings estimates and showed strong gains on growing ad revenue. Citi’s Take Citigroup’s Mark May downgraded Yelp from Buy to Neutral while raising the price target...

Shares of Netflix, Inc. (NASDAQ: NFLX) plunged 13 percent in pre-market trading after the Internet streaming major's second-quarter results as well as the third quarter outlook missed the Street's view. Citi's View Citi, which has a Neutral rating on the stock, has slashed the price target by 13...

Heading into the Q2 earnings season, focus is now on expectations for the just-completed quarter and 2H, Citi’s Mark May said in a report. He provided his take and expectations on the Internet names. Google Alphabet Inc (NASDAQ: GOOGL): Rated Buy Expectations of slightly negative...

On Tuesday, Amazon.com, Inc. (NASDAQ: AMZN) will hold its second annual Prime Day, representing a global shopping event that is exclusively for its Prime members. Citi’s Mark May commented that Prime Day could touch $1 billion in daily sales this year. He maintained a Buy rating on the...

There’s no question that the rise of connected devices has completely changed media consumption. However, according to Citi analyst Mark May, smartphones and other digital media devices may not be taking as much share from traditional TV as many think. The latest numbers from Nielson suggest...

What impact, if any, will the Brexit voting outcome have on large-cap Internet companies? According to Mark May of Citi, it is simply too difficult to ascertain for the time being. In a research report published Sunday, May pointed out that the European Union is the largest international region for...

Citi analysts Mark May and Bryan Zamett believe Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s Google revenue for the second quarter could come in modestly below expectations. The brokerage maintains its Buy rating with a $900 price objective. The two analysts said, "We were surprised by the...

Citi’s Mark May mentioned that recent checks with two leading search engine marketing agencies/platforms revealed the annual search spending for 2016 is likely to be about $5 billion. May maintains a Buy rating on Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), with a price target of $900....

At current levels, shares of Yahoo! Inc. (NASDAQ: YHOO) imply a 30-35 percent discount to the underlying market values for the company’s stakes in Alibaba Group Holding Ltd (NYSE: BABA) and Yahoo Japan as well as a $2-$4 billion value for the company itself, Citi’s Mark May said in a...

While highlighting key YouTube data points through May 2016, Citi’s Mark May commented on the apparent slowdown in viewing metrics. The analyst maintained a Buy rating for Alphabet Inc (NASDAQ: GOOGL), with a price target of $900. “Each month we track third-party data for the top...

Wayfair Inc (NYSE: W) reported better-than-anticipated results for 1Q16. Citi’s Mark May downgraded the rating for the company from Buy to Neutral, while reducing the price target from $51 to $45. The analyst expressed concern regarding pressure on Wayfair’s margins from the heavy...

Shares of Facebook Inc (NASDAQ: FB) surged as much as 11 percent in the pre-market hours after the social media giant reported better-than-expected quarterly results. For the first quarter, the company posted earnings of $0.77 per share, $0.15 ahead of the Street's consensus. Revenue of $5.38...

Shares of Netflix, Inc. (NASDAQ: NFLX) fell more than 10 percent to $96.50 after the video streaming service missed its second quarter international subscriber guidance by 40 percent, despite reporting strong results for the first quarter. Netflix earned $0.06 in the first quarter, topping the...