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FB

Facebook

$128.57

1.03 (0.81%)

, TWTR

Twitter

$16.83

0.1 (0.60%)

05:59
10/19/16
10/19
05:59
10/19/16
05:59

Snapchat could stop sharing ad revenue with content partners, Recode reports

Snapchat wants to stop sharing ad revenue with media partners, instead looking to pay content partners a flat license fee "and keep the ad money for itself," Recode's Peter Kafka reports. Within weeks, Kafka said the changes will be made for companies who supply Snapchat with content for the "Discover" section. The changes are being made as Snapchat, which competes with Facebook (FB) and Twitter (TWTR), prepares for a 2017 IPO. Reference Link

FB

Facebook

$128.57

1.03 (0.81%)

TWTR

Twitter

$16.83

0.1 (0.60%)

  • 23

    Oct

  • 02

    Nov

  • 14

    Nov

  • 30

    Nov

FB Facebook
$128.57

1.03 (0.81%)

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).
10/17/16
FBCO
10/17/16
NO CHANGE
Target $170
FBCO
Outperform
Facebook price target raised to $170 from $154 at Credit Suisse
Credit Suisse analyst Stephen Ju raised Facebook's price target to $170 from $154 on a roll forward to the end of 2017 estimates. Ju's Outperform rating and investment thesis remain unchanged and continues to expect Facebook will be able to drive long term revenue growth without a material lift in ad loads, street models continue to underestimate the long-term monetization potential of upcoming new products, and upward bias to estimates, which do not contemplate contributions from multiple other products including WhatsApp, Messenger, and Offers/Local.
TWTR Twitter
$16.83

0.1 (0.60%)

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.
10/19/16
LOOP
10/19/16
UPGRADE
LOOP
Hold
Twitter upgraded to Hold from Sell at Loop Capital
Loop Capital analyst Blake Harper upgraded Twitter to Hold from Sell while maintaining a $16 price target for the shares. Downside is limited, even if the Q3 results disappoint, as there is "essentially a floor on the value of shares given the M&A speculation," Harper tells investors in a research note. The analyst sees a likelihood of the board and its bankers pushing through a sale by the end of the year. Twitter closed yesterday up 10c to $16.83.

TODAY'S FREE FLY STORIES

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09/20/17
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General news
FX Update: The euro has remained bid »

FX Update: The euro has…

CELC

Celcuity

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Celcuity 2.4M share IPO priced at $9.50 »

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BSTI

BEST Inc

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GIS

General Mills

$55.38

-1.05 (-1.86%)

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

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PCRX

Pacira

$35.70

-0.6 (-1.65%)

20:00
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20:00
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Recommendations
Pacira analyst commentary at BMO Capital »

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AVEVF

Aveva

19:56
09/19/17
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19:56
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19:56
Upgrade
Aveva rating change at Goldman Sachs »

Aveva upgraded to Neutral…

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ZLAB

Zai Lab

18:58
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18:58
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Syndicate
Zai Lab announces upsizing of U.S. IPO of American depositary shares »

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  • 20

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OHI

Omega Healthcare

$32.53

-0.12 (-0.37%)

18:30
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Hot Stocks
Omega Healthcare provides hurricane update »

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  • 20

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F

Ford

$11.72

0.09 (0.77%)

18:30
09/19/17
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18:30
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18:30
Periodicals
Ford to slash production at five North American assembly plants, Reuters says »

Ford announced it intends…

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  • 23

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FDX

FedEx

$216.00

0.92 (0.43%)

18:26
09/19/17
09/19
18:26
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18:26
Hot Stocks
FedEx says without cyberattack FY18 guidance would not have changed »

Comments are from the…

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  • 19

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EE

El Paso Electric

$54.85

0.05 (0.09%)

18:25
09/19/17
09/19
18:25
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18:25
Hot Stocks
El Paso Electric announces City of El Paso approved settlement terms »

El Paso Electric…

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

18:17
09/19/17
09/19
18:17
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18:17
Hot Stocks
Bed Bath & Beyond says biggest component in drop of FY17 EPS view is operations »

Company dropped its FY17…

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  • 19

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CPRT

Copart

$32.54

-0.32 (-0.97%)

18:11
09/19/17
09/19
18:11
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18:11
Earnings
Copart reports Q4 EPS 30c, consensus 29c »

Reports Q4 revenue…

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  • 20

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STLD

Steel Dynamics

$33.83

0.03 (0.09%)

18:04
09/19/17
09/19
18:04
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18:04
Earnings
Steel Dynamics sees Q3 adjusted EPS 63c-67c, consensus 70c »

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XBKS

Xenith Bankshares

$29.96

0.42 (1.42%)

17:58
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17:58
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17:58
Hot Stocks
Treasury exits stake in Xenith Bankshares »

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BMY

Bristol-Myers

$62.93

0.23 (0.37%)

17:54
09/19/17
09/19
17:54
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17:54
Periodicals
Breaking Periodicals news story on Bristol-Myers »

Times:NHS will supply…

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BBBY

Bed Bath & Beyond

17:54
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Hot Stocks
Breaking Hot Stocks news story on Bed Bath & Beyond »

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  • 19

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DESP

Despegar.com

17:52
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Syndicate
Despegar.com 12.7M share IPO priced at $26.00 »

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  • 20

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WAC

Walter Investment

$0.65

0.186 (40.09%)

17:50
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Hot Stocks
Walter Investment says Barclays to increase financing available »

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CBAY

CymaBay

17:49
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Initiation
CymaBay initiated at Cantor »

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BBBY

Bed Bath & Beyond

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Hot Stocks
Bed Bath & Beyond sees net drop in Bed Bath & Beyond stores in FY17 »

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  • 19

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EVH

Evolent Health

$15.65

-0.8 (-4.86%)

17:45
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Initiation
Evolent Health initiated at KeyBanc »

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  • 25

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BPL

Buckeye Partners

$56.33

0.64 (1.15%)

17:44
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Syndicate
Buckeye Partners announces $210M in limited partnership unit sales »

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RL

Ralph Lauren

$91.03

0.87 (0.96%)

17:43
09/19/17
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Initiation
Ralph Lauren initiated at Barclays »

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PVH

PVH Corp.

$127.47

-0.54 (-0.42%)

17:43
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Initiation
PVH Corp. initiated at Barclays »

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  • 19

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