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Nomura Upgrades Chewy, Says 'Valuation Now More Attractive'
Monday, September 23, 2019 - 12:58pm | 478After initially popping as high as $39 per share following its summer IPO, Chewy Inc (NYSE: CHWY) shares are down 14% in the past three months as excitement over the pet supply stock has cooled. On Monday, one analyst said it’s finally time to start scooping up Chewy shares now that the stock...
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Nomura Upgrades Activision Blizzard, Bullish On 'WoW Classic' And 'Overwatch'
Thursday, September 12, 2019 - 10:32am | 349Activision Blizzard, Inc. (NASDAQ: ATVI) looks to have several things going for it from its past, with a new “World of Warcraft Classic,” and from the future with a strong move into mobile games, Nomura Instinet said Thursday in upgrading the stock. The Analyst Nomura Instinet’s...
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Nomura On Semiconductors: Analyst Eyes Data Center, PC Trends
Tuesday, August 20, 2019 - 3:55pm | 492Earnings season for semiconductor companies is for the most part over. The reports showed that data center trends are "still soft," while the PC market is "looking good," according to Nomura. The Analyst David Wong maintained a Buy rating on AMD's stock with...
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Analysts Unfazed By FDA Snub Of Sarepta's DMD Drug, Pin Hopes On Gene Therapy
Tuesday, August 20, 2019 - 12:59pm | 707Sarepta Therapeutics Inc (NASDAQ: SRPT)'s new drug application for its second Duchenne muscular dystrophy drug received a a complete response letter from the FDA on Monday. The Analysts Nomura Instinet analyst Christopher Marai maintained a Buy rating on Sarepta with a $230 price...
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Nomura Bullish On InterActiveCorp, Cautious On ANGI Homeservices After Quarterly Reports
Friday, August 9, 2019 - 3:58pm | 649Nomura Instinet is staying bullish on IAC/InterActiveCorp (NASDAQ: IAC) after its second-quarter report Wednesday and word that IAC is considering shedding its publicly traded subsidiary ANGI Homeservices Inc (NASDAQ: ANGI) — which was the only real drag on IAC during the quarter. That...
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Match Group Turns In Strong Quarter With Tinder, Overseas Success
Thursday, August 8, 2019 - 3:40pm | 566Match Group, Inc. (NASDAQ: MTCH) had an attractive-looking quarter, but analysts weren’t quite ready to swipe right. Match had a solid beat with positive Tinder trends driving top-line year over year growth of 18%. Tinder use growth was up by 46% over the same quarter last year as customers...
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The Street Reacts To Pinterest's Big Q2 Beat
Friday, August 2, 2019 - 2:05pm | 574Pinterest Inc (NYSE: PINS) reported second-quarter results, which showed a 62% increase in revenue from the same quarter last year to $261 million. This handily beat the $236 million analysts were expecting. Pinterest's second ever earnings report as a public company marks a turnaround from a...
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Should Investors Follow Twitter's Stock Near 52-Week Highs? The Street Weighs In
Monday, July 29, 2019 - 1:05pm | 549Twitter Inc (NYSE: TWTR) traded near its 52-week highs Monday morning after the company reported encouraging second-quarter results Friday. Twitter reported a top- and bottom-line beat in the quarter along with multiple encouraging metrics that signal the platform is experiencing growth. Some...
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Snap's Big Q2 Not Strong Enough For Some Analysts To Turn Bullish
Wednesday, July 24, 2019 - 10:31am | 612Snap Inc (NYSE: SNAP) reported a better-than-expected second-quarter earnings print, which prompted several analysts to lift their price targets on the stock but shied away from turning bullish. The Analysts Nomura Instinet's Mark Kelley maintains a Neutral rating on Snap with a price target...
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Is Netflix Becoming Too Expensive?
Wednesday, July 10, 2019 - 10:57am | 583Netflix, Inc. (NASDAQ: NFLX) has another competitor on the way with the Tuesday unveiling of AT&T Inc. (NYSE: T)'s upcoming HBO Max streaming service. With Hulu and YouTube upping their game and Walt Disney Co (NYSE: DIS) set to launch Disney+ in November, Netflix investors concerned...
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Legal Expert Breaks Down Antitrust Risk For Big US Tech Stocks
Thursday, June 13, 2019 - 1:12pm | 545One of the biggest uncertainties for U.S. tech stock investors these days is the growing uncertainty surrounding potential antitrust action. Companies like Facebook, Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Apple, Inc. (NASDAQ: AAPL) and Alphabet, Inc. (NASDAQ: GOOG)(NASDAQ: GOOGL) have...
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Nomura Sees Opportunities For Video Game Publishers In Mobile, Broadband Growth
Thursday, June 6, 2019 - 12:57pm | 514The interactive gaming industry is poised for continued growth as it moves from static purchases or rentals of games to an online model — and as broadband internet becomes faster and more widely available, Nomura Instinet said in an initiation of two gaming players. The Analyst Andrew...
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Analyst: Huawei Blacklist Is $400M Risk For Google
Friday, May 24, 2019 - 3:02pm | 511Plenty of Wall Street analysts have weighed in on Apple, Inc. (NASDAQ: AAPL)’s exposure to the U.S. trade war with China. On Friday, one analyst said Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) could be at risk of losing more than $400 million in annual sales as a result of the recently...
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Trade War Fears Trigger Nomura Instinet's Downgrade Of Housing Stocks
Thursday, May 16, 2019 - 5:01pm | 556Nomura Instinet downgraded several companies dependent on housing market growth Thursday, citing U.S.-China trade uncertainty that could put a damper on consumer confidence and economic growth. The Analyst Michael Wood downgraded four building-related companies from Buy to Neutral: TopBuild Corp (...
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Big Chip Q1 Earnings Preview: A Focus On Industry Downturn, Product Delays, Competitive Dynamics, New Tech
Thursday, April 25, 2019 - 12:26pm | 947Corporate profit expectations for the first quarter are muted, with most analysts bracing for S&P 500 profits to decline for the first time since the second quarter of 2016. Semiconductor and semiconductor equipment makers could see their profit drop 23 percent year-over-year, according to...