Michael Pachter

A Thursday night report sent shares of GameStop Corp (NYSE: GME) soaring once again. What could an NFT marketplace mean for the video game retailer? What Happened: Tthe Wall Street Journal highlighted a pending launch of an NFT marketplace from GameStop. The report follows months of...

Some stocks will continue to benefit from the shelter-in-place movement as the work-from-home trend becomes a permanent shift, Wedbush analyst Michael Pachter said Wednesday on Benzinga's YouTube show "PreMarket Prep." Overstock.com Inc (NASDAQ: OSTK) is...

Advertisers are likely to continue shifting from linear TV to over-the-top on-demand, which is where Roku Inc (NASDAQ: ROKU) has “dominant market share, a rapidly growing user base, and superior targeting capabilities,” according to Wedbush. The Roku Analyst: Michael Pachter upgraded...

Netflix Inc (NASDAQ: NFLX) shares dropped 7.5% on Wednesday morning after the company reported first-quarter subscriber growth that fell well short of Wall Street’s expectations. For the first quarter, Netflix reported adjusted EPS of $3.75 on $7.16 billion in revenue. Both numbers beat...

Wedbush Securities updated its coverage of a handful of top tech stocks on Wednesday. The Tech Analysts: Wedbush analysts Michael Pachter and Ygal Arounian assumed coverage of the following stocks: Overstock.com Inc (NASDAQ: OSTK) initiated at Outperform with a price target lowered from $100...

Streaming video company Roku Inc (NASDAQ: ROKU) reported fourth-quarter results that came in better than expected but not all analysts were equally impressed. The Roku Analysts: Rosenblatt Securities analyst Mark Zgutowicz maintains a Buy rating on Roku's stock with a price target lifted from $...

Wedbush analyst Michael Pachter has been one of the most prominent long-term bears on Netflix Inc.’s (NASDAQ: NFLX) stock, despite the streaming video-on-demand company’s stellar run over the last decade. While Pachter remains bearish on Netflix, he admitted in an interview with...

Skillz Inc.’s (NYSE: SKLZ) growth in gamer engagement and retention has boosted its revenue, which in turn has increased the budget available to the company to improve and introduce new experiences that further propel engagement, retention and revenue, according to Wedbush. The Skillz...

Facebook Inc (NASDAQ: FB) faces a suit from the Federal Trade Commission and 46 states for anticompetitive behavior. What Happened: The Federal Trade Commission and states filed a suit against Facebook aimed at forcing the sale of Instagram and WhatsApp. The key point of the lawsuit is Facebook...

Turtle Beach Corp’s (NASDAQ: HEAR) second-quarter results indicate strong execution and its latest product releases appear highly competitive, according to Wedbush. The Turtle Beach Analyst: Michael Pachter upgraded Turtle Beach from Neutral to Outperform while raising the price target...

Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...

TikTok is a top-five most downloaded app globally, and it isn't owned by Facebook, Inc. (NASDAQ: FB). Should the social media leader be worried? What Happened: Facebook has reason to be concerned that TikTok boasts more than 300 million users, including 30 million in the U.S., Wedbush...

Electronic Arts (NASDAQ: EA) reported fourth-quarter earnings Tuesday of $1.43 per share against a 98-cent estimate and sales of $1.387 billion that beat a $1.19-billion estimate. The video game developer guided to first-quarter net sales of $1.22 billion, net bookings of $1 billion and...

Twitter Inc (NYSE: TWTR) shares were down 5% on Friday after the company reported an earning beat in the first quarter but failed to reassure investors that its advertising business has stabilized in the current quarter. Twitter reported first-quarter earnings per share of 11 cents on $808 million...

Amazon.com, Inc. (NASDAQ: AMZN) shares traded lower by more than 7% on Friday after the company missed first-quarter earnings estimates and said it plans to spend $4 billion in the second quarter combatting the coronavirus (COVID-19). Amazon reported first-quarter EPS of $5.01, short of consensus...