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GOOG

Alphabet

$785.94

10.86 (1.40%)

, GOOGL

Alphabet Class A

$814.17

13.46 (1.68%)

15:59
10/11/16
10/11
15:59
10/11/16
15:59

YouTube acquires 'paid promotion' platform FameBit

Alphabet's YouTube announced it has acquired FameBit, a "technology platform company that helps creators and brands find and work with each other through sponsorships and paid promotion." The company remarked that "Google's relationship with brands and YouTube's partnerships with creators, combined with FameBit's technology and expertise, will help increase the number of branded content opportunities available, bringing even more revenue into the online video community." Reference Link

GOOG

Alphabet

$785.94

10.86 (1.40%)

GOOGL

Alphabet Class A

$814.17

13.46 (1.68%)

  • 11

    Oct

  • 23

    Oct

  • 27

    Oct

  • 10

    Nov

  • 15

    Jan

GOOG Alphabet
$785.94

10.86 (1.40%)

09/28/16
MZHO
09/28/16
DOWNGRADE
Target $15
MZHO
Underperform
Mizuho cuts Twitter to Underperform with $15 price target
Mizuho analyst Neil Doshi downgraded Twitter to Underperform from Neutral based on valuation. The shares are up 45% since the company reported Q2 results, primarily driven by potential buyout comments in media reports, Doshi tells investors in a research note. The stock at current levels is overvalued as Twitter's business fundamentals "have deteriorated significantly" over the past 12 months, the analyst contends. Doshi believes many of the M&A scenarios are unlikely to play out. He puts potential acquirers Salesforce (CRM) and Alphabet (GOOG, GOOGL) in the "maybe" camp, but he still has some reservations about these deals happening. The analyst believes investors of both companies would view a buyout of Twitter as negative. Doshi keeps a $15 price target for Twitter shares. The stock closed yesterday up 35c to $23.72. Loop Capital this morning also downgraded Twitter to Sell.
09/28/16
09/28/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Underperform from Neutral at Wedbush with analyst James Dix citing concerns that the "Four Horsemen of the Search Apocalypse" -- self-identified consumers, consumer control of IP-delivered ads, payments innovation, and attention markets -- might arrive. 2. AT&T (T) downgraded to Neutral from Buy at UBS with analyst John Hodulik citing expectations for lower earnings growth. 3. Macy's (M) downgraded to Neutral from Outperform at Credit Suisse with analyst Michael Exstein saying the retailer, after outlining in August its operations and merchandising strategies, is now in an execution phase. 4. Twitter (TWTR) downgraded to Underperform from Neutral at Mizuho and to Sell from Hold at Loop Capital. 5. Galectin Therapeutics (GALT) downgraded to Sell from Buy at Roth Capital with analyst Sa'ar Yaniv citing the company's announcement that NASH-FX, GR-MD-02's Phase 2a study in NASH fibrosis, failed both primary and secondary endpoints. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/06/16
SBSH
10/06/16
NO CHANGE
Target $89
SBSH
Buy
Citi says Salesforce buying Twitter 'nearly impossible' above $28/share
Citi analyst Walter Pritchard believes a Salesforce (CRM) acquisition of Twitter (TWTR) is possible financially but that such a deal would put "significant constraints" on the company for the next three-plus years. The analyst sees "very little reason" for Salesforce to own Twitter and feels the acquisition "would pose a difficult decision" for CEO Marc Benioff and the board. Salesforce closed yesterday down 6%, or $4.21, to $68.42. Recode reported last night that the company is likely the only bidder left for Twitter after Disney (DIS) and Alphabet (GOOG) opted not to pursue a deal while Apple (AAPL) is unlikely. Twitter in pre-market trading is down 14% to $21.50. In order for Salesforce to avoid a shareholder vote, it would have to borrow $7.5B to fund the transaction if Twitter were valued at $20B, or $27.50-$28 per share, Pritchard tells investors in a research note. This is a level that likely constrains the company with little additional borrowing capacity for other deals, the analyst contends. He thinks the deal is "nearly impossible to do" for Salesforce should the bidding for Twitter go above $20B or $28 per share. Pritchard has a Buy rating on Salesforce with an $89 price target.
10/10/16
WELS
10/10/16
NO CHANGE
WELS
Alphabet, Facebook can meet Street estimates, says Wells Fargo
Wells Fargo says that investors are concerned about the ability of Facebook (FB) and Google (GOOG,GOOGL) to meet Street estimates because forecasts continue to indicate that TV's ad share will be relatively stable over the next two years. But Wells says that Facebook and Google will continue to gain share from "non-TV media" and could see increased revenue from "non-advertising marketing services" such as sponsorships and public relations. Wells keeps Outperform ratings on both stocks.
GOOGL Alphabet Class A
$814.17

13.46 (1.68%)

09/30/16
RBCM
09/30/16
NO CHANGE
RBCM
Street underestimating Google growth outlook, says RBC Capital
RBC Capital analyst Mark Mahaney expects Google to end 2016 with "up to 20% growth," versus the Street's outlook of mid teen percentage level growth. Mahaney says that Google's growth should be boosted by "ongoing Search innovations, rising Mobile CPCs, and the growing impact of YouTube, Play & Cloud." He thinks that YouTube's revenue is growing at a 30%-40% clip. Mahaney raised his price target on the stock to $1,025 from $1,000 and keeps an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

02:40
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General news
FX Update: The euro eked out a fresh low »

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ACTS

Actions Semiconductor

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Conference/Events
Actions Semiconductor to host special shareholder meeting »

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  • 09

    Dec

MTN

Vail Resorts

$160.92

-1.81 (-1.11%)

20:25
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Notable companies reporting before tomorrow's open »

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  • 08

    Dec

MON

Monsanto

$104.70

-0.71 (-0.67%)

20:17
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Washington sues Monsanto over PCB contamination »

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  • 13

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USAC

USA Compression

$18.01

-0.14 (-0.77%)

20:15
12/08/16
12/08
20:15
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20:15
Syndicate
USA Compression 4.5M share Spot Secondary priced at $16.25 »

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  • 09

    Dec

ICHR

Ichor Holdings

20:11
12/08/16
12/08
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20:11
Syndicate
Ichor Holdings 5.9M share IPO priced at $9.00 »

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  • 09

    Dec

GOOG

Alphabet

$776.42

5.23 (0.68%)

, GOOGL

Alphabet Class A

$795.17

3.7 (0.47%)

19:53
12/08/16
12/08
19:53
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19:53
Periodicals
YouTube-NMPA settlement estimated at over $40M, NY Times says »

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GOOG

Alphabet

$776.42

5.23 (0.68%)

GOOGL

Alphabet Class A

$795.17

3.7 (0.47%)

SNE

Sony

$29.16

0.55 (1.92%)

VIVHY

Vivendi

$18.83

-0.455 (-2.36%)

03/08/13
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  • 15

    Jan

GOOG

Alphabet

$776.42

5.23 (0.68%)

, GOOGL

Alphabet Class A

$795.17

3.7 (0.47%)

19:46
12/08/16
12/08
19:46
12/08/16
19:46
Hot Stocks
YouTube reaches agreement to pay out unclaimed song royalties »

The National Music…

GOOG

Alphabet

$776.42

5.23 (0.68%)

GOOGL

Alphabet Class A

$795.17

3.7 (0.47%)

SNE

Sony

$29.16

0.55 (1.92%)

VIVHY

Vivendi

$18.83

-0.455 (-2.36%)

03/08/13
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  • 15

    Jan

ATH

Athene Holding

19:33
12/08/16
12/08
19:33
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19:33
Syndicate
Athene Holding 27M share IPO priced at $40.00 »

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  • 09

    Dec

MMM

3M

$175.88

-0.17 (-0.10%)

19:29
12/08/16
12/08
19:29
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19:29
Hot Stocks
3M to sell identity management business to Gemalto for $850M »

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  • 13

    Dec

SMI

SMIC

$5.99

-0.54 (-8.27%)

19:24
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12/08
19:24
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19:24
Hot Stocks
SMIC announces 10-for-1 reverse stock split »

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VTR

Ventas

$62.61

0.41 (0.66%)

19:10
12/08/16
12/08
19:10
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19:10
Hot Stocks
Ventas raises quarterly dividend 6% to 77.5c per share »

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WFC

Wells Fargo

$57.29

0.01 (0.02%)

19:08
12/08/16
12/08
19:08
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19:08
Periodicals
Wells Fargo chairman appointed to sales investigation committee, Reuters says »

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  • 08

    Dec

WFC

Wells Fargo

$57.29

0.01 (0.02%)

19:03
12/08/16
12/08
19:03
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19:03
Periodicals
Former Wells Fargo managers file suit over fake accounts, Bloomberg reports »

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  • 08

    Dec

EIX

Edison International

$69.44

-0.17 (-0.24%)

18:42
12/08/16
12/08
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18:42
Hot Stocks
Edison International raises annual dividend 13% to $2.17 per share »

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PLM

PolyMet Mining

$0.87

0.0001 (0.01%)

18:24
12/08/16
12/08
18:24
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Earnings
Breaking Earnings news story on PolyMet Mining »

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MTCH

Match Group

$18.38

0.18 (0.99%)

18:24
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Match Group launches 'Swipe Ventures,' says Tinder CEO to step down »

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BIIB

Biogen

$289.54

4.24 (1.49%)

18:18
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Biogen to present aducanumab Phase 1b data at CTAD meeting »

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  • 08

    Dec

HIVE

Aerohive

$5.41

0.18 (3.44%)

18:17
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Discovery Group reports 9.1% stake in Aerohive Networks, sends letter to board »

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ENLK

EnLink Midstream Partners

$17.45

0.2 (1.16%)

, ENLC

EnLink Midstream

$18.20

0.1 (0.55%)

18:05
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Periodicals
Outrigger Energy nears sale to midstream services provider, Forbes says »

Private-equity backed…

ENLK

EnLink Midstream Partners

$17.45

0.2 (1.16%)

ENLC

EnLink Midstream

$18.20

0.1 (0.55%)

TRGP

Targa Resources

$54.20

0.38 (0.71%)

ETP

Energy Transfer Partners

$35.13

0.55 (1.59%)

03/08/13
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POST

Post Holdings

$78.65

0.96 (1.24%)

18:02
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Hot Stocks
Post Holdings settles egg antitrust class action claims »

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ENZN

Enzon

$0.44

-0.0027 (-0.62%)

17:54
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Icahn says enters standstill pact with Enzon »

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LDOS

Leidos

$52.27

0.15 (0.29%)

17:53
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Leidos awarded $350M government contract »

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DDC

Dominion Diamond

$10.27

0.21 (2.09%)

17:50
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Dominion Diamond sees FY17 production at Ekati diamond mine 4.5M carats »

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  • 09

    Dec

FNSR

Finisar

$34.13

1.89 (5.86%)

, AVGO

Broadcom

$170.71

2.16 (1.28%)

17:49
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Hot Stocks
On The Fly: After Hours Movers »

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FNSR

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$34.13

1.89 (5.86%)

AVGO

Broadcom

$170.71

2.16 (1.28%)

GLPG

Galapagos NV

$58.95

0.71 (1.22%)

XTLY

Xactly

$14.35

0.35 (2.50%)

RH

Restoration Hardware

$38.99

1.05 (2.77%)

DLTH

Duluth Holdings

$37.04

3.09 (9.10%)

NCS

NCI Building

$17.85

0.6 (3.48%)

FRED

Fred's

$10.84

0.15 (1.40%)

USAC

USA Compression

$18.01

-0.14 (-0.77%)

FRO

Frontline

$7.71

0.37 (5.04%)

WSM

Williams-Sonoma

$56.90

0.61 (1.08%)

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