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FB

Facebook

$127.88

0.06 (0.05%)

, TWTR

Twitter

$16.88

-0.91 (-5.12%)

06:16
10/17/16
10/17
06:16
10/17/16
06:16

Snap Inc changes company mission ahead of IPO, Business Insider reports

Snap Inc has changed its company mission ahead of its IPO, Business Insider reports, and now simply describes itself as a "camera company." Snap Inc. competes with Facebook (FB) and Twitter (TWTR). Reference Link

FB

Facebook

$127.88

0.06 (0.05%)

TWTR

Twitter

$16.88

-0.91 (-5.12%)

  • 23

    Oct

  • 02

    Nov

  • 14

    Nov

  • 30

    Nov

FB Facebook
$127.88

0.06 (0.05%)

10/11/16
NEED
10/11/16
NO CHANGE
Target $150
NEED
Buy
Needham raising Facebook estimates ahead of results
Needham analyst Laura Martin is raising her Facebook estimates for Q3 as she increases her estimates for Ad revenue going forward based on the company's increased number of advertisers using its platform, and her belief that ad growth will continue to realize robust performance for at least the next 12 to 18 months. The analyst reiterates a Buy rating and $150 price target on the shares.
10/13/16
LOOP
10/13/16
NO CHANGE
Target $165
LOOP
Buy
Facebook keeps expanding addressable market, says Loop Capital
Loop Capital analyst Blake Harper noted that Facebook has launched several new products over the past week as the company keeps working to expand its addressable market. Among the new offerings, Harper sees "Events" as a natural extension of what people already use Facebook for, views "Workplace by Facebook" as the largest strategic leap and said "Marketplace" should be helpful for users but more difficult to scale as a business considering Facebook's prior challenges in making inroads in e-commerce. While he does not expect near term revenues from any of these products, Harper said Facebook's innovation gives him confidence in his longer-term estimates and keeps a Buy rating and $165 price target on the stock.
10/14/16
PIPR
10/14/16
NO CHANGE
Target $185
PIPR
Overweight
Piper's teen survey shows declining Facebook engagement
Piper Jaffray analyst Gene Munster says his firm's latest survey of over 10,000 teens shows Facebook engagement is decreasing. Engagement in the Fall survey is 52% versus 60% in Spring. Factoring out shifts in the population surveyed, core Facebook usage likely declined by three basis points, which indicates Facebook is gradually becoming less relevant versus Instagram and Snapchat, Munster tells investors in a research note. He points out, however, that teens indicating they use Instagram increased five points in the Fall 2016 survey, slightly faster than Snapchat's four points. Desire for engagement from brands on Instagram will drive long-term monetization above core Facebook levels, Munster contends, while noting that declining Facebook usage is a negative. The analyst keeps an Overweight rating on the shares with a $185 price target.
10/14/16
JPMS
10/14/16
NO CHANGE
Target $134
JPMS
Overweight
JPMorgan tweaks Alibaba, Netflix targets lower ahead of Q3 results
JPMorgan analyst Doug Anmuth lowered his price target for Alibaba (BABA) to $134 from $135 and his target for Netflix (NFLX) to $122 from $125 ahead of the Q3 reporting season. Both stocks remain Overweight rated. The analyst slightly lowered his estimates for Alibaba to reflect tougher inventory comps and increased investment spending. He remains positive on the company's overall monetization trends. On Netflix, Anmuth tweaked his 2017 average selling price forecast lower while increasing his investment spend estimate modestly. Within the Internet space, the analyst's top large-cap picks into the quarter are Alphabet (GOOGL), Facebook (FB) and Amazon.com (AMZN). Among small-caps, his top picks into earnings are Yelp (YELP), Pandora (P) and Match Group (MTCH).
TWTR Twitter
$16.88

-0.91 (-5.12%)

10/11/16
EVER
10/11/16
UPGRADE
Target $17
EVER
Hold
Twitter upgraded to Hold from Sell at Evercore ISI
Evercore ISI analyst Ken Sena upgraded Twitter (TWTR) to Neutral citing the recent pullback in the shares. The analyst notes that the selloff "from a stalled sale process" has put the stock more in-line with his unchanged price target of $17. Sena thinks Twitter's guidance for Q3 "may prove sufficiently conservative."
10/11/16
DBAB
10/11/16
NO CHANGE
Target $22
DBAB
Buy
Twitter guidance could meet, exceed estimates, says Deutsche Bank
Deutsche Bank analyst Ross Sandler says that for the first time in a year, Twitter's guidance could meet or exceed consensus expectations. The analyst sees a good risk/reward profile for shares into the company's Q3 results. He notes that his channel checks point to a "high-end of the range" revenue with "slightly up" monthly active users for Q3. Twitter's NFL live video project "has been by all accounts a smashing success," Sandler tells investors in a research note. He keep a Buy rating on Twitter with a $22 price target.
10/11/16
10/11/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) upgraded to Hold from Sell at Evercore ISI with analyst Ken Sena citing the recent pullback in the shares. 2. Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he thinks that the company's "strong underlying fundamentals" should enable its fiscal 2017 profits to beat expectations, and he says that the shares are undervalued. 3. Virgin America (VA) upgraded to Neutral from Underweight at JPMorgan with analyst Jamie Baker saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." 4. Cummins (CMI) was upgraded to Conviction Buy from Neutral and Caterpillar (CAT) was upgraded to Buy from Neutral at Goldman. 5. Carbonite (CARB) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Schwartz saying he sees "substantial upside" from current levels due to valuation and fundamentals. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/14/16
RAJA
10/14/16
NO CHANGE
RAJA
Raymond James said Salesforce not bidding for Twitter a significant positive
Raymond James said reports Salesforce (CRM) will not bid for Twitter (TWTR) is a significant positive for shares and could set the stage for a sustained stock recovery and breakout in the stock.

TODAY'S FREE FLY STORIES

BOFI

BofI Holding

$24.76

0.52 (2.15%)

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Options
BofI Holding call volume above normal and directionally bullish »

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B

Barnes Group

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2.1 (3.94%)

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Downgrade
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ADI

Analog Devices

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Analog Devices put volume heavy and directionally bearish »

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MDXG

MiMedx

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0.3 (2.70%)

15:32
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MiMedx analyst commentary  »

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GST

Gastar Exploration

$1.31

0.01 (0.77%)

15:30
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Conference/Events
Gastar Exploration to host special shareholder meeting »

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CLVS

Clovis

$58.21

-0.43 (-0.73%)

15:26
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Options
Clovis call volume above normal and directionally bullish »

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$NSD

NASDAQ Market Internals

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NASDAQ market internals summary »

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FIG

Fortress

$8.04

0.005 (0.06%)

, SFTBF

SoftBank

$75.60

0.71 (0.95%)

15:17
04/28/17
04/28
15:17
04/28/17
15:17
Periodicals
Fortress exploring sale of Logan Circle bond fund unit, Reuters says »

Fortress Investment Group…

FIG

Fortress

$8.04

0.005 (0.06%)

SFTBF

SoftBank

$75.60

0.71 (0.95%)

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$NYE

NYSE Market Internals

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Technical Analysis
NYSE market internals summary »

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15:15
04/28/17
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15:15
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15:15
General news
Treasury Closing Summary: »

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CAG

Conagra Brands

$38.82

0.005 (0.01%)

15:11
04/28/17
04/28
15:11
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15:11
Options
Downside put buyer in Conagra Foods »

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CAH

Cardinal Health

$72.36

-0.78 (-1.07%)

15:10
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04/28
15:10
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15:10
Initiation
Cardinal Health initiated  »

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  • 01

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FIG

Fortress

$8.04

0.01 (0.12%)

15:04
04/28/17
04/28
15:04
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15:04
Periodicals
Breaking Periodicals news story on Fortress »

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S

Sprint

$9.06

0.03 (0.33%)

15:01
04/28/17
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15:01
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15:01
Options
Sprint calls active ahead of earnings next week »

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  • 03

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GME

GameStop

$22.80

-0.3 (-1.30%)

14:56
04/28/17
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14:56
Options
GameStop put volume heavy and directionally bearish »

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BSX

Boston Scientific

$26.43

0.25 (0.95%)

14:55
04/28/17
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14:55
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14:55
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Boston Scientific analyst commentary  »

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TKPYY

Takeda Pharmaceutical Co. Ltd.

$23.98

0.05 (0.21%)

14:51
04/28/17
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14:51
Hot Stocks
FDA grants accelerated approval to Takeda's brigatinib »

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PGR

Progressive

$39.76

-0.34 (-0.85%)

14:48
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Conference/Events
The Progressive Corporation to hold a conference call »

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CVO

Cenveo

$4.39

0.095 (2.21%)

14:48
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Breaking Hot Stocks news story on Cenveo »

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BMY

Bristol-Myers

$56.01

0.34 (0.61%)

14:42
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Hot Stocks
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TAP

Molson Coors

$95.84

0.06 (0.06%)

14:41
04/28/17
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14:41
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14:41
Conference/Events
Molson Coors to hold an earnings follow-up conference call »

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  • 03

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IWM

iShares Trust Russell 2000 Index Fund

$139.37

-1.58 (-1.12%)

, RUT

Russell 2000 Index

14:40
04/28/17
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Technical Analysis
On The Fly: Weekly technical notes for Russell 2000 »

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IWM

iShares Trust Russell 2000 Index Fund

$139.37

-1.58 (-1.12%)

RUT

Russell 2000 Index

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TSLA

Tesla

$308.63

-1.54 (-0.50%)

14:32
04/28/17
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Options
Tesla expiring options are busy as shares rally »

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SPY

SPDR S&P 500 ETF Trust

$237.99

-0.61 (-0.26%)

, SPX

S&P 500

$2,382.79

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S&P 500

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AAPL

Apple

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XLB

S&P Select Materials SPDR

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XLK

Technology Select Sector SPDR

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XLY

Consumer Discretionary Sector SPDR

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XLI

Industrial Select Sector SPDR

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XLV

Health Care Select Sector SPDR

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XLF

Financial Select Sector

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XLE

Energy Select Sector SPDR

$68.03

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XLP

Consumer Staples Sector SPDR

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  • 02

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CHRW

C.H. Robinson

14:26
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Conference/Events
C.H. Robinson to hold analyst and investor day »

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