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Wedbush Explores What A Groupon-Yelp Merger Would Look Like
Friday, September 27, 2019 - 11:34am | 400A potential combination of Groupon Inc (NASDAQ: GRPN) with Yelp Inc (NYSE: YELP) makes strategic sense, as the companies would complement each other, according to Wedbush. The Analyst Ygal Arounian maintained a Neutral rating on Groupon with an unchanged $3.50 price target. The analyst also...
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Bullish Sell-Side Unfazed By Uber's Big Quarterly Loss: 'A Clear Path To Profitability'
Friday, August 9, 2019 - 11:06am | 690Uber Technologies Inc (NYSE: UBER) disappointed investors by missing top- and bottom-line expectations Thursday, but several sell-side analysts found reasons to remain bullish on the stock. Uber reported a second-quarter loss per share of $4.72, larger than expected, on lower-than-anticipated...
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Analysts Craft Mixed Response To Etsy's Earnings
Friday, August 2, 2019 - 3:22pm | 681Etsy Inc (NASDAQ: ETSY) reported second-quarter results highlighted by a beat on the EPS line but revenue of $132.4 million missed expectations of $181.1 million. Despite a revenue shortfall, management still lifted its full year revenue guidance and this received a mix reaction from Street...
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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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Wedbush Applauds Redfin's Partnership With Opendoor; Threatens Zillow's Power
Friday, July 12, 2019 - 2:27pm | 444Redfin Corp (NASDAQ: RDFN) has partnered with Opendoor to better compete with Zillow Group Inc (NYSE: Z), according to a new analyst note. The Analyst And Rating Wedbush analyst Ygal Arounian maintains an Outperform rating with a $30 price target. The Thesis On Thursday, Redfin announced a...
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Wedbush Steps To The Shopify Sidelines
Tuesday, June 25, 2019 - 1:07pm | 313Shopify Inc (NYSE: SHOP) ha introduced multiple new initiatives to spur growth, but the stock's valuation is already full at current levels, according to Wedbush. The Analyst Wedbush's Ygal Arounian downgraded Shopify from Outperform to Neutral with a 12-month price target lifted from $270...
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Why Pinterest Is Different Than Traditional Social Media Platforms
Tuesday, June 18, 2019 - 12:22pm | 334Pinterest Inc (NYSE: PINS) stands out against its social media peers, which makes it well positioned to win ad market share. The Analyst Wedbush's Ygal Arounian initiated coverage of Pinterest with an Outperform rating and $33 12-month price target. The Thesis Pinterest stands out against its...
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Analysts: Amazon's Exit From Restaurant Delivery Implies Less Competition For Grubhub
Wednesday, June 12, 2019 - 2:31pm | 517E-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) is terminating its U.S. restaurant delivery service June 24, which implies an easier competitive environment for food delivery companies like GrubHub Inc (NYSE: GRUB). The Analysts Bank of America Merrill Lynch's Nat Schindler maintained...
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Wedbush's Confidence In Etsy Increases After Meeting With CFO
Tuesday, June 11, 2019 - 2:16pm | 471After hosting a meeting with Etsy Inc (NASDAQ: ETSY) executives, Wedbush walked away with positive takeaways. The Analyst Ygal Arounian maintained a Neutral rating on Etsy with a $60 price target. The Thesis Following a meeting with CFO Rachel Glaser, Arounian said Etsy management feels...
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Uber Shares Rise, Analysts Largely Positive After First Quarterly Print
Friday, May 31, 2019 - 11:28am | 614Sell-side analysts and investors remained generally positive on Uber Technologies, Inc. (NYSE: UBER) after the newly public ride-hailing company’s first-quarter earnings report, which was broadly in line with expectations, missing slightly on earnings but with a revenue beat. Of particular...
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1 GrubHub Bull, 2 Neutral Analysts Review Q1 Report
Friday, April 26, 2019 - 2:26pm | 627Online and mobile food ordering and delivery company GrubHub Inc (NYSE: GRUB) reported Thursday afternoon with first-quarter results that, according to one bull analyst, put the "sky is falling" thesis on the stock to bed. The Analysts Wedbush's Ygal Arounian...
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Wedbush: Redfin Has Room For Further Upside After 55% Return
Friday, April 12, 2019 - 11:50am | 361Up more than 50 percent in 2019, shares of online real estate brokerage company Redfin Corp (NASDAQ: RDFN) have upside potential ahead given its leadership position, according to Wedbush. The Analyst Wedbush's Ygal Arounian initiated coverage of Redfin with an Outperform rating and $30 price...
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Analysts Cautious About Etsy's Tone Despite Strong Q4 Earnings
Tuesday, February 26, 2019 - 2:36pm | 534Etsy Inc (NASDAQ: ETSY) shares soared Tuesday after reporting a big fourth-quarter earnings beat. The company also reported active buyers on its platform grew 18 percent in the quarter. 'Tone Felt Cautious' Wedbush analyst Ygal Arounian said that while Etsy’s quarter was impressive,...
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What Wall Street Thinks About GrubHub's Mixed Quarter
Friday, February 8, 2019 - 11:08am | 632GrubHub, Inc. (NYSE: GRUB) went on a wild ride Thursday after the company reported a seemingly disappointing quarter, including an earnings miss and below-consensus guidance. After a huge initial sell-off, the stock recovered most of its losses and was trading higher Friday morning. Investors may...
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What To Do With Wix's Stock?
Wednesday, November 14, 2018 - 3:02pm | 565Cloud-based web development platform Wix.Com Ltd (NASDAQ: WIX) reported Tuesday its third-quarter results, which came in better than expected but management's fourth quarter guidance fell slightly short of consensus estimates. Here is a summary of what some of the Street's top analysts are...