Tom Forte

Amazon.com, Inc. (NASDAQ: AMZN) announced a strategic investment of as much as $4 billion in artificial intelligence (AI) startup Anthropic. The deal underscores how the tech behemoth seeks to unlock the potential of AI across its business. As part of the deal, Anthropic has agreed to use AWS as...

Ahead of its pending merger with CF Acquisition Corp VI (NASDAQ: CFVI), an analyst is calling out Rumble's offering of “neutrality-as-a-service.” The Rumble Analyst: D.A Davidson analyst Tom Forte initiated coverage on Rumble with a Buy rating and $15 price target....

Online home furnishing retailer Wayfair Inc (NYSE: W) is one of the beneficiaries of the COVID-19 pandemic that forced consumers to increasingly gravitate toward online shopping. With the stock pulling back promptly on Monday in reaction to positive news concerning a vaccine against the virus that...

The Nasdaq index closed Monday at a record high and is up around 20% since the start of 2020. Despite the strong rally, investors should "absolutely" still be buyers of tech stocks, according to D.A. Davidson's Tom Forte. What Happened: The global COVID-19 pandemic marks the beginning...

If media reports are accurate that Uber Technologies Inc (NYSE: UBER) is in talks to acquire rival food delivery platform GrubHub Inc (NYSE: GRUB), it would be both an offensive and defensive move, according to Wedbusgh. The Uber Analysts Wedbush analyst Ygal Arounian maintains an Outperform rating...

Chicken Soup for The Soul Entertainment Inc (NASDAQ: CSSE) describes itself as a provider of "positive and entertaining video content that brings out the best of the human spirit." Research firm DA Davidson initiated coverage of the stock with a bullish rating, noting the company's...

If Bernie Sanders were to become president, it could be good for Roku Inc (NASDAQ: ROKU) and a problem for Apple Inc. (NASDAQ: AAPL) and Amazon.com Inc. (NASDAQ: AMZN), according to a DA Davidson first-take look at the potential impact of Sanders' proposals. Sanders, who cemented front-runner...

Shares of Apple Inc. (NASDAQ: AAPL) were trading lower by 2% early Tuesday morning after the iPhone maker said it doesn't expect to meet its prior fiscal second-quarter revenue guidance of $63 to $67 billion due to the coronavirus outbreak. Here's how several experts reacted to the...

Over the past the year, eBay Inc (NASDAQ: EBAY) shares have remained relatively flat, trading in a range from $34 to $42. On Tuesday, eBay reported quarterly earnings of 81 cents per share, which beat the analyst consensus estimate of 76 cents. The company reported quarterly sales of $2.82 billion...

The sell-side is unequivocal about a pickup in Apple Inc.'s (NASDAQ: AAPL) iPhone momentum, and have scrambled to upwardly revise iPhone shipment estimates and price targets for the shares. On the heels of his recent positive price target and estimate revisions, an analyst at DA Davidson is...

Hype and hope surrounding the emerging 5G market should spur a new round of iPhone growth for Apple Inc. (NASDAQ: AAPL), D.A. Davidson said Monday. The Analyst Tom Forte raised the target price from $300 to $375 and reiterated a Buy rating on Apple's stock. The Thesis Apple can exploit a multi-...

Investors continued to disconnect from Roku Inc (NASDAQ: ROKU) following tepid forward guidance that also failed to impress sell-side analysts, who warned of slowing growth in profits. The sell-off came despite third-quarter revenue and earnings beats on Wednesday. The Analysts Wedbush analyst...

Image-sharing social media platform Pinterest Inc (NYSE: PINS) disappointed the Street with its third-quarter report, but at least three analysts are defending the company. The Analysts DA Davidson analyst Tom Forte upgraded Pinterest's stock from Neutral to Buy with a $28 price target....

Apple Inc. (NASDAQ: AAPL) shares traded higher by 2% on Thursday after the company beat earnings and revenue expectations in the fiscal fourth quarter and guided for better-than-expected sales in the critical holiday quarter. Apple reported 18% Services segment growth and 54% revenue growth in...

The Trump administration’s trade policies have finally gotten to Fitbit Inc (NYSE: FIT). The company announced Wednesday that it would shift certain product manufacturing from China to another market in order to evade the cost of Section 301 tariffs. What Happened Beginning in...