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HP Shouldn't Expect Much Growth From Printing Looking Forward, Sterne Agee Says
Wednesday, June 22, 2016 - 2:18pm | 354Sterne Agee said it would be tough for HP Inc (NYSE: HPQ) to see near-term growth in its printing business, while its PC unit is stabilizing. "Near term, we continue to believe HPQ's one positive is that PC unit declines look set to moderate to just low single-digits Y/Y in 2HFY16 thanks to much...
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Sterne Agee CRT Starts Tesla At Buy With $300 Target; Sees $32 Billion In Revenue By 2019
Thursday, June 2, 2016 - 4:52pm | 277After the close on Thursday, Sterne Agee CRT initiated coverage on Tesla Motors Inc (NYSE: TSLA). Analyst Rob Cihra feels the risk, controversy and expensive nature of the shares is just "the price for nearly open-ended growth in a technology innovator. targeting trillion dollar auto and...
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Apple Investors: Don't Freak Out About A Slowdown In China
Tuesday, May 3, 2016 - 5:01pm | 585Investors of Apple Inc. (NASDAQ: AAPL) shouldn't be concerned over slowdown in China, according to a note from Sterne Agee CRT's Rob Cihra. Apple And China Apple revenue from China fell 26 percent in its March quarter versus 71 percent growth a year ago. Cihra added that China...
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Apple iPhone Declines Will Hit Trough This Quarter, Sterne Agee CRT Predicts
Wednesday, April 20, 2016 - 3:37pm | 419Rob Cihra of Sterne Agee CRT asks investors to look for trough in year-over-year iPhone declines when Apple Inc. (NASDAQ: AAPL) reports its second quarter results on April 25. "We continue to believe KEY will be marking the Y/Y trough in iPhone declines ~20%Y/Y (we est 49 mil units) vs....
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March Is Apple's Low Point: Why Rob Cihra Is Buying
Thursday, March 3, 2016 - 10:13am | 265Rob Cihra of Sterne Agee CRT maintained a Buy rating on Apple Inc. (NASDAQ: AAPL), with a price target of $145. "Apple looks to be planning a media event Mar 21, not yet confirmed but where we'd expect it to intro the mid-cycle revamp of its $450 4-inch iPhone ("SE"?...
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What Does The Street Think Of Fitbit Now?
Tuesday, February 23, 2016 - 6:23pm | 596Shares of Fitbit Inc (NYSE: FIT) have plunged more than 20 percent after the wearable device maker issued a weak outlook for the first quarter despite reporting better-than-expected earnings for the fourth quarter. Following the weak forecast, the stock faced a slew of downgrades from various...
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Can GoPro Replace Your Smartphone Camera? Analysts Wary Of 2016 Outlook
Thursday, February 4, 2016 - 2:39pm | 819Wall Street feasted on GoPro Inc (NASDAQ: GPRO) this week when the company revealed abysmal fourth-quarter numbers. The stock was down nearly 10 percent Thursday morning, as analysts offered their takes on management's plan to restart growth by expanding into drones and video editing. Some...
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GoPro Vs. Fitbit: What's The Better Investing Case?
Monday, October 5, 2015 - 8:22am | 492Shares of GoPro Inc (NASDAQ: GPRO) have lost around 65 percent from a year ago while shares of Fitbit Inc (NYSE: FIT) are higher by around 25 percent since its IPO. Rob Cihra of Sterne Agee CRT commented in a note that GoPro faces a "rather weak" fourth quarter while Fitbit "...
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Apple Slapped With Buy At Sterne Agee CRT; Firm Likes 'Uniquely Premium Model'
Tuesday, September 29, 2015 - 12:08pm | 417Shares of Apple Inc. (NASDAQ: AAPL) are 2.4 percent higher year-to-date, outperforming both the S&P 500 and the Nasdaq indices. Sterne Agee CRT analyst Rob Cihra initiated Apple with a Buy rating and a $150 price target, 32 percent above current price. Cihra suggested that Apple...
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FitBit Already 'Priced Like The Winner'; Sterne Agee CRT Doesn't See Buy Thesis Right Now
Tuesday, September 29, 2015 - 10:41am | 340Fitbit Inc (NYSE: FIT) has seen an almost 20 percent increase in its share price since mid-June, with a high of $51.64 on August 5. Rob Cihra of Sterne Agee CRT has initiated coverage of Fitbit with a Neutral rating and price target of $45. While the company is well positioned to...
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Here Is BlackBerry's 'Leap Of Faith'
Tuesday, September 29, 2015 - 10:24am | 378BlackBerry Ltd (NASDAQ: BBRY) shares are down 44 percent year-to-date, remaining below the $8 mark since July 29. Sterne Agee’s Rob Cihra initiated coverage of the company with a Neutral rating and a price target of $6. While citing three trajectories that could unfold into...
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GoPro Can Recover In 2016, Says Sterne Agee CRT
Tuesday, September 29, 2015 - 9:26am | 378Shares of GoPro Inc (NASDAQ: GPRO) have declined 53 percent year-to-date, with a 38 percent decline in the past month. Rob Cihra at Sterne Agee CRT initiated GoPro with a Buy rating and a $45 price target, a 50 percent upside from current price. Cihra said that while video on phones is...