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BofA Upgrades Zynga On Accelerating Ad Strategy: What You Need To Know
Thursday, May 6, 2021 - 11:28am | 258The Chartboost acquisition has positioned Zynga Inc (NASDAQ: ZNGA) for a “strategic pivot” toward higher growth and higher margin advertisement technology much sooner than was expected, according to BofA Securities. The Zynga Analyst: Ryan Gee upgraded Zynga from Neutral to Buy and...
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Overstock Earnings Impress BofA Analyst: Here's Why
Friday, April 30, 2021 - 11:55am | 284Overstock.com Inc (NASDAQ: OSTK) reported solid first-quarter results, highlighting continued improvement in the company’s position in the retail segment, according to BofA Securities. The Overstock Analyst: Ryan Gee maintained a Buy rating for Overstock, while raising the price target from $...
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5 Reasons Why BofA Is Bullish On Overstock.com After The Q4 Print
Thursday, February 25, 2021 - 11:56am | 278Overstock.com Inc's (NASDAQ: OSTK) has transformed to a greater degree than peers, with accelerating online sales of home furnishings, and the company seems poised to “potentially” sustain full-year retail growth and positive EBTIDA, according to BofA Securities. The Overstock ...
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BofA Upgrades Zynga On Evolving Mobile Strategy
Thursday, February 11, 2021 - 5:34pm | 246Zynga Inc (NASDAQ: ZNGA) has more resources and experience than its content aggregator peers and could begin exhibiting “more platform-like qualities that warrant a premium multiple,” according to BofA Securities. The Zynga Analyst: Ryan Gee upgraded Zynga from Underperform to Neutral...
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Playtika Analysts Largely Bullish, Laud Video Game Publisher's Core Growth, M&A Optionality, New Game Plans
Tuesday, February 9, 2021 - 4:36pm | 881China-owned mobile game publisher Playtika Holding Corp (NASDAQ: PLTK) recently went public by offering 69.5 million shares at $27 each. The Platytika Analysts: Following the expiry of the IPO quiet period, Goldman Sachs analyst Michael Ng initiated coverage of Playtika shares with a Buy...
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EA's Acquisition Of Glu Mobile Viewed Favorably By Analysts
Tuesday, February 9, 2021 - 2:12pm | 512Video game giant Electronic Arts Inc. (NASDAQ: EA) reached an agreement to acquire Glu Mobile Inc. (NASDAQ: GLUU) and the decision was applauded by multiple Street analysts. The Electronic Arts Analysts: Raymond James analyst Andrew Marok maintains an Outperform rating on EA's stock with a...
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BofA Downgrades Unity Software: 'Most Of Near-Term Upside Is Priced In'
Thursday, January 21, 2021 - 1:56pm | 393Unity Software Inc (NYSE: U) shares are moving to the downside after an analyst at BofA Securities downgraded the stock. The Unity Software Analyst: Ryan Gee downgraded shares from Neutral to Underperform but hiked the price target from $102 to $127. The Unity Software Thesis: The twofold bull...
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IAC's Vimeo Spin-Off Could Be Worth $10B, Analyst Says
Wednesday, December 23, 2020 - 3:20pm | 276IAC/Interactivecorp (NASDAQ: IAC) said on Tuesday it will spin-off its Vimeo video platform business that could be worth $10 billion in the public markets, according to BofA Securities. The Analyst: Ryan Gee maintains a Buy rating on IAC's stock with a price target lifted from $154 to $214. The...
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BofA Says Overstock On 'Positive Trajectory,' But COVID-19 Muddies The Picture
Friday, September 4, 2020 - 12:23pm | 421Overstock.com Inc (NASDAQ: OSTK) shares have surged in 2020 thanks to a company recovery and growth in the online home furnishing market. The Overstock Analyst: BofA Securities analyst Ryan Gee initiated coverage of Overstock with a Neutral rating and $78 price target....
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Why BofA Is Downgrading Take-Two After The Q1 Print
Tuesday, August 4, 2020 - 11:28am | 353Take-Two Interactive Software, Inc’s (NASDAQ: TTWO) solid first-quarter print and potentially strong fiscal 2021 performance seem priced into the stock, according to BofA Securities. The Take-Two Analyst: Ryan Gee downgraded Take-Two Interactive Software from Neutral to Underperform and...
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BofA Cuts Rating Even As Dropbox Appears Set To Beat Q2 Expectations
Friday, July 31, 2020 - 12:45pm | 270Although Dropbox Inc (NASDAQ: DBX) is likely to beat Street expectations for the second quarter and has near-term tailwinds, its SaaS transformation could take more time to play out, according to BofA Securities. The Dropbox Analyst: Ryan Gee downgraded Dropbox from Buy to Neutral, while...
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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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8 2019 IPO Stocks To Buy, Sell Or Hold
Wednesday, March 4, 2020 - 2:15pm | 1247Overall, 2019 was a huge year for the stock market, and there were plenty of high-profile IPOs throughout the year as well. Unfortunately, some of the most eagerly anticipated IPOs of the past year ended up being flops for investors. But now that the excitement and volatility associated with 2019...
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7 Video Game, Esports Themes Investors Should Watch In 2020
Tuesday, January 28, 2020 - 9:15am | 585The console cycle launch and the possibility of the first impacts of cloud gaming are among the top themes for gaming investors to watch in 2020, according to a note from Bank of America gaming analyst Ryan Gee. Gee put out a list of seven top drivers/themes for the industry in the coming year....
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Sell-Side Likes The Outlook For Activision Blizzard, Take-Two Interactive
Friday, November 8, 2019 - 1:19pm | 748Activision Blizzard, Inc. (NASDAQ: ATVI) and Take-Two Interactive Software (NASDAQ: TTWO) not only had strong September quarters, but look good heading into next year sell-side analysts said, suggesting company guidance on the near-future may be too conservative. Analysts universally liked...