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Spotify Hires TV Producer Dawn Ostroff: What It Means For Investors
Wednesday, June 27, 2018 - 10:20am | 409Streaming music provider Spotify Technology SA (NYSE: SPOT) named notable producer Dawn Ostroff as its new chief content officer. If anything, the move signals Spotify's recommitment to original video content, according to Wells Fargo. The Analyst Wells Fargo's Peter Stabler...
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Spotify Is 'Leading A Crowded Field,' But Churn Remains A Concern
Wednesday, May 16, 2018 - 11:12am | 320The leader in its industry, Spotify Technology SA (NYSE: SPOT)'s outlook is a balancing act between its strong brand strength and high Premium user churn rate. The Analyst Wells Fargo analyst Peter Stabler initiated coverage of Spotify with a Market Perform rating and $150 price target. The...
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Tinder Transformed Online Dating, But High Expectations Are Priced In, Says Wells Fargo
Friday, March 9, 2018 - 3:19pm | 414Match Group Inc (NASDAQ: MTCH)’s Tinder is "the first truly global breakout mobile dating application," but high expectations are reflected in the parent company's valuation, according to a new sell-side take. The Analyst Wells Fargo's Peter Stabler downgraded...
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Cost Controls Earn Twitter A Q3 Beat, But Shares Losses Aren't Over Yet
Friday, October 27, 2017 - 9:29am | 365Twitter Inc (NYSE: TWTR)'s earnings report showed several signs of improving fundamentals, but analysts at Wells Fargo aren't confident enough to call for upside in the stock. The firm's Peter Stabler maintains a Market Perform rating on Twitter's stock with a price target boosted from $16 to $19,...
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The New ANGI Homeservices Could Be The Beginning Of A New Market Leader
Thursday, October 19, 2017 - 2:28pm | 308Wells Fargo analyst Peter Stabler upgraded ANGI Homeservices Inc (NASDAQ: ANGI) from Market Perform to Outperform and increased its target price from $12 to $14 in his first analyst note after a successful closing of the IAC - Angie's List transaction. The price target is calculated by applying 19x...
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Alphabet's Q2 Earnings Sell-Side Roundup
Tuesday, July 25, 2017 - 3:45pm | 789Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares dropped 3 percent on Tuesday after the company’s second-quarter earnings report disappointed the market. A number of Wall Street analysts weighed in on Google following the report. Here’s a rundown of what they had to say. Voices From...
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Alphabet Sees Strong Growth, But Not Everyone On The Street Is Rushing To Buy
Tuesday, July 25, 2017 - 1:17pm | 591Analysts at Wells Fargo aren't fazed by the 3-percent decline in Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s stock after the company's earnings report. The firm's Peter Stabler maintains an Outperform rating on Alphabet's stock with an unchanged $1,150 price target. Alphabet's earnings report was...
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Forget FANG, Trade FATS: A Preview Of Facebook, Alphabet, Twitter And Snap Earnings
Thursday, July 20, 2017 - 3:48pm | 648Remember FANG, the widely popular acronym for Facebook Inc (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Netflix, Inc. (NASDAQ: NFLX) and Google (parent company Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL)? It may be replaceable. There is a new tech acronym in town that Wells Fargo is fond of,...
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Has The Pandora Thesis Changed In Light Of KKR Investment?
Tuesday, May 9, 2017 - 9:53am | 380Pandora Media Inc (NYSE: P)'s stock peaked just shy of $40 per share in 2014 and steadily declined to a single-digit price in 2016. Much has changed in the streaming music, including the rapid growth of startup Spotify who stole market share away from Pandora over the years. But on Tuesday many...
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A Snapshot Of Snap Inc's First Earnings Report
Sunday, May 7, 2017 - 10:36am | 949The tech earnings news flow continues to trickle in. Following earnings from Facebook Inc (NASDAQ: FB) and Twitter Inc (NYSE: TWTR), the next keenly awaited social media earnings is from the newbie on Wall Street, Snap Inc (NYSE: SNAP). Strong Demand, Decent Reception Snap's Wall Street debut...
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Wall Street's Reaction To Facebook's Q1: The Good, The Bad And The Ugly
Saturday, May 6, 2017 - 9:05am | 1019Shares of Facebook Inc (NASDAQ: FB) traded as low as $148.72 Thursday morning after the company reported its first-quarter report Wednesday afternoon. Here is a round-up of what some of Wall Street's most notable Facebook analysts are saying. Baird: Strong Report With Some Overhangs Baird...
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Facebook And Snap Each Have Factors Working In Their Favor Ahead Of Q1 Earnings
Tuesday, May 2, 2017 - 9:03am | 307The next two weeks will be big for social media stocks: Facebook Inc (NASDAQ: FB) is set to report earnings Wednesday, while Snap Inc (NYSE: SNAP) will report its first earnings report as a public company on May 10 after the close. According to conversations with advertisers and marketing...
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4 Key Questions For Snap's Maiden Earnings Report
Monday, May 1, 2017 - 3:00pm | 376Snap Inc (NYSE: SNAP) will report its earnings for the first time as a public company on May 10. Heading into the report, Wells Fargo's Peter Stabler detailed a series of questions that he is expecting to be addressed in the report and the post earnings conference call. 1. Augmented Reality...
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Google Management: We Have The Money, Means And Commitment To Reach Our Cloud Ambitions
Thursday, March 9, 2017 - 1:06pm | 432The first day of Alphabet Inc (NASDAQ: GOOGL)’s Google Cloud Next 2017 Conference in San Francisco didn’t have any new product announcements, but Google said it has the “money, means and commitment” to support its cloud ambitions. Google may announce new products on Day 2 of...
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Wells Fargo's Take On Pandora's Spotify Competitor
Wednesday, December 7, 2016 - 11:26am | 366Pandora Media Inc (NYSE: P), once a pioneer and early mover in the online streaming music space, has seen its competitive positioning suffer at the hands of peers that offered an on-demand music streaming service. Platforms such as Spotify offer consumers the ability to listen to what they want,...