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Everything You Might've Missed At Facebook's F8 Conference
Sunday, April 17, 2016 - 5:11pm | 450Read More...Social media giant Facebook Inc (NASDAQ: FB) conducted its F8 conference this week and made various announcements including the launch of Chat Bots. Citi has released its key takeaways from the F8 conference. Citi said Chat Bots is the most notable announcement of the event. Under this function,...
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Citi Says Internet Investors Are 'Perplexed,' Thinks Amazon And LinkedIn Have Best Chance To Beat Earnings
Monday, April 11, 2016 - 2:50pm | 537Read More...Citi analysts said Amazon.com, Inc. (NASDAQ: AMZN) and LinkedIn Corp (NYSE: LNKD) may have the greatest opportunity "to produce better than feared Q1 results." In a client note, analyst Mark May said, "With a strong CY15, including a particularly strong 4Q15 earnings season, followed by choppy...
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Why Is eBay The Lone Tech Stock To Get A Price Target Raise From Citi?
Friday, April 1, 2016 - 11:28am | 423Read More...Citi’s Mark May adjusted price targets for tech stocks to incorporate future SBC dilution into their valuation framework. “We’ve found that most investors still don’t fully account for the likely ongoing dilution from stock comp grants in their valuations,” analyst...
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Citi's FANG Update: Targets Lowered, But Still Positive On Tech Stocks
Friday, April 1, 2016 - 9:53am | 318Read More...Citi has lowered its price targets on the shares of Facebook Inc (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Netflix, Inc. (NASDAQ: NFLX) and Alphabet Inc (NASDAQ: GOOGL) to reflect the impact of stock-based compensation (SBC). The brokerage also revised its target prices on LinkedIn Corp (...
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3 Reasons Citi Downgraded Yahoo, Set $37 Price Target
Tuesday, March 22, 2016 - 10:55am | 306Read More...Citi’s Mark May downgraded the rating on Yahoo! Inc. (NASDAQ: YHOO) from Buy to Neutral, while raising the price target from $32 to $37. Stock Up May mentioned the stock had appreciated 22 percent since the company reported its earnings on February 2, outperforming the S&P 500 by...
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Citi Upgrades Yahoo To Buy, Says Core Biz Currently Has Negative Valuation
Thursday, February 4, 2016 - 10:07am | 281Read More...Yahoo! Inc (NASDAQ: YHOO) shares have lost 17 percent since January 4, and are currently trading near their 52-week low of $26.57. Citi’s Mark May upgraded the rating for the company from Neutral to Buy, while raising the price target from $31 to $32. The risk reward for Yahoo...
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Diving Deep Into Amazon's AWS Pricing Model
Wednesday, February 3, 2016 - 10:46am | 346Read More...In a new report, Citi Research analyst Mark May took a close look at shareholder concerns regarding Amazon.com, Inc. (NASDAQ: AMZN)’s AWS pricing. AWS currently accounts for 40 percent of Amazon’s operating income and is projected to make up 65 percent of the company’s income...
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Twitter: Negative Sentiment Building After Departures Of Executives
Tuesday, January 26, 2016 - 10:40am | 386Read More...Nomura, Stifel, Citi and Suntrust recently issued reports on Twitter Inc (NYSE: TWTR) after weakness seen in the company's user growth and turnover in management has caused share prices to fall 57 percent in the past year. The overall sentiment was negative, with analysts reiterating that Twitter...
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Citi Upgrades Wayfair To Buy, Cites Near-Term Opportunities Ahead
Wednesday, January 20, 2016 - 10:19am | 304Read More...The share price of Wayfair Inc (NYSE: W) has surged 70.67 percent over the past one year, from a low of $19.12 on January 29, 2015. Citi’s Mark May has upgraded the rating on the company from Neutral to Buy, with a price target of $51. May cited six reasons for the upgrade,...
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Google's 'Moonshots' Cost About $4.5 Billion Per Year
Thursday, September 24, 2015 - 3:04pm | 410Read More...Wall Street is expecting Google Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) to start reporting under the new Alphabet structure in January of 2016. In a report issued Thursday, Citi analysts attempted to predict how this new (probably segment-level) disclosure will work and what it will mean for Google...
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Citi Cuts Pretty Much Every Estimate At Twitter
Thursday, September 24, 2015 - 9:55am | 292Read More...Twitter Inc (NYSE: TWTR) shares are down 44 percent in the last six months, declining steadily after April 24 when they were trading around $50. Citi’s Mark May revised the rating on the company from Neutral to Neutral / High Risk, while reducing the price target from $37 to $30....
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Citi Updates Model On Yelp
Friday, September 4, 2015 - 9:05am | 210Read More...The share price of Yelp Inc (NYSE: YELP) has fallen more than 49 percent in the last three months. Citi’s Mark May has maintained a Buy rating on Yelp, while lowering the price target from $35 to $30. The estimates for the company have also been lowered to better reflect the loss of...
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GoDaddy Will Hit 2016 Forecasts, Don't Doubt It: Citi
Thursday, August 27, 2015 - 1:46pm | 295Read More...In a report published Thursday, Citi analysts Mark May and Ryan Ripp reiterate a Buy rating and $32.00 price target on shares of Godaddy Inc (NYSE: GDDY). They note that, after stress testing their model, they have arrived to the conclusion that 2016 forecasts seem reasonable, or even...
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Why You Shouldn't Read Too Much Into Insiders Buying Shares Of Twitter
Monday, August 10, 2015 - 3:27pm | 351Read More...It was revealed on Monday that the National Football League has signed a two-year deal with Twitter Inc (NYSE: TWTR) to bring more highlights on Twitter's feed. Also, interim Twitter CEO Jack Dorsey tweeted an SEC filing revealing that he purchased 31,627 shares of the company last...
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LinkedIn's Q2 Beat, But 'Sit On The Sidelines' Says This Analyst
Friday, July 31, 2015 - 3:26pm | 401Read More...LinkedIn Corp (NYSE: LNKD) reported better than expected second-quarter numbers on Thursday. However, its shares tanked at opening on Friday and continue to trade significantly down. Mark May, Internet analyst at Citigroup Inc (NYSE: C), was on CNBC recently to explain the reason behind the...
