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Here's Why Benchmark Initiates Roblox Stock As A Sell
Tuesday, July 13, 2021 - 11:01am | 239While the pandemic accelerated awareness and adoption of Roblox Corp.’s (NYSE: RBLX) online game platform, the company could face challenges ahead, according to Benchmark. The Roblox Analyst: Mike Hickey initiated coverage of Roblox with a Sell rating and a price target of $75. The Roblox...
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DraftKings Analysts On Share Offering, Marketing Costs, Sports Betting Legalization
Monday, October 12, 2020 - 5:13pm | 433Analysts defending the DraftKings Inc (NASDAQ: DKNG) share offering and the company's high marketing costs. DraftKings has lower customer acquisition costs than in the prior year, and additional state legalization in the online sports betting market in its favor, the analysts said. The...
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Analysts Aren't Impressed With GameStop's Quarter Or Future
Thursday, September 10, 2020 - 12:06pm | 337GameStop Corp (NYSE: GME) reported second-quarter earnings after the market close on Wednesday. GameStop reported revenue down 26.7% year over year to $942 million. Quarterly losses of $1.40 per share missed the analyst consensus estimate by 37 cents. The GameStop Analysts: Credit Suisse analyst...
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Electronic Arts Analysts See Stay-At-Home Strength, Possible Game Delays After Q4 Report
Thursday, May 7, 2020 - 8:34am | 749Electronic 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...
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Take-Two's Murky Pipeline Leads To Caution On Stock Price Outlook
Friday, February 7, 2020 - 3:53pm | 630Wall Street wants to like video game company Take-Two Interactive Software, Inc. (NASDAQ: TTWO), which had big hits in recent years with the "Grand Theft Auto" franchise and the "Red Dead Redemption" games. But it's hard to say what's going to happen with the stock when...
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Esports And 2 Other Things To Like About Activision Blizzard
Friday, February 7, 2020 - 1:58pm | 543Activision Blizzard, Inc. (NASDAQ: ATVI) shares were on the rise Friday and analysts reiterated Buy recommendations after the company's strong fourth-quarter report, with sell-side analysts bullish on the company's "loaded pipeline," lean into mobile and pursuit of ad dollars. The...
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Analysts Speak Up On WWE's Disappointing Earnings: Could Amazon Step Into The Ring?
Friday, February 7, 2020 - 1:11pm | 746World Wrestling Entertainment, Inc. (NYSE: WWE) shares stabilized a bit to close out the week after the surprise departure of two top executives, disappointing 2020 guidance and a fourth-quarter revenue miss sent shares tumbling more than 25% over the past two weeks. On the afternoon of Jan. 30,...
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Analysts Debate If GameStop Can Power Back Up
Wednesday, December 11, 2019 - 12:08pm | 654GameStop Corp. (NYSE: GME) reported third-quarter results highlighted by a notable earnings miss, a 30% drop in sales and a downward revision to 2019 guidance. The stock reacted sharply to the downside and analysts debated how much power is left in the retailer's life bar. The Analysts...
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Canopy Growth Analysts Lower Price Targets After Q2 Report
Friday, November 15, 2019 - 5:28pm | 760Over the last 12 months, Canopy Growth Corp (NYSE: CGC) (TSE: WEED) shares have fallen 55%. The cannabis company reported second-quarter results Thursday, posting net revenue of CA$76.6 million ($84.2 million) and a net loss of CA$374.6 million. The Analysts Bank of America Merrill...
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Investors Give WWE's Stock An RKO, But These Analysts Aren't Tapping Out
Friday, November 1, 2019 - 4:05pm | 546World Wrestling Entertainment, Inc. (NYSE: WWE) reported third-quarter results with weakness across the board. Shares fell more than 15%, but analysts aren't tapping out of the stock yet. The Analysts Morgan Stanley analyst Benjamin Swinburne maintains an Overweight rating on WWE's stock...
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EA's Strong Quarter Overshadowed By 'Battlefield' Pushout
Wednesday, October 30, 2019 - 11:10am | 486Electronic Arts Inc. (NASDAQ: EA) turned in an unexpectedly strong second quarter with revenue and earnings beating expectations. But analysts' enthusiasm was limited by the company's unexpected decision to push the next title in its "Battlefield" franchise out a year to 2022,...
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'Limited Scope, Time To Stage A Turnaround': GameStop Analysts React To Difficult Q2
Wednesday, September 11, 2019 - 11:59am | 691GameStop Corp. (NYSE: GME) continues to have a difficult year after reporting a second-quarter earnings miss Tuesday. Here's what the Street had to say. Credit Suisse: It May Get Worse Before It Gets Better Credit Suisse analyst Seth Sigman said in a Wednesday note that the retailer...
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Benchmark Upgrades WWE, Sees Improving Engagement Metrics Ahead
Friday, July 26, 2019 - 11:50am | 392Despite a mixed second quarter, World Wrestling Entertainment, Inc. (NYSE: WWE) is up more than 10% following Thursday's earnings print. WWE’s quarter also inspired an analyst upgrade. The Analyst Benchmark analyst Mike Hickey upgraded WWE from Hold to Buy and set a $90 price target for...
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Benchmark Out Bullish On 'Well-Positioned' Tilray Ahead of Canada's Cannabis Legalization
Tuesday, October 16, 2018 - 10:26am | 440Shares of Tilray Inc. (NASDAQ: TLRY) surged Monday in anticipation of Canada’s legalization of recreational marijuana. The Analyst Benchmark analyst Mike Hickey initiated coverage of Tilray with a Buy rating and $200 price target. The Thesis Benchmark's positive view on the...
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Canopy Growth's Global Opportunity Could Reach $200B, Benchmark Says In Bullish Initiation
Tuesday, September 25, 2018 - 2:11pm | 471Shares of cannabis and hemp company Canopy Growth Corp. (NYSE: CGC) have doubled since the stock began trading on the New York Stock Exchange back in May. In August, beverage company Constellation Brands, Inc. (NYSE: STZ) announced a $4-billion investment in the company, increasing its stake...