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P

Pandora

$11.34

0.28 (2.53%)

, AMZN

Amazon.com

$760.16

3.76 (0.50%)

06:45
11/21/16
11/21
06:45
11/21/16
06:45

Citi fields Pandora questions after Amazon on-demand launch

Citi analyst Mark Kelley says he's received a lot of questions from investors over the last few days on the impact from potentially lower prices for Pandora's (P) on-demand offering after Amazon (AMZN) launched a competing service. Amazon's on-demand offering costs $7.99 per month for Prime users, or $3.99 if you only want to listen on your echo device. Non-Prime users must pay $9.99 per month. The launch by Amazon has caused some speculation in the press that Apple (AAPL) is going to lower its prices, Kelley tells investors in a research note. The analyst does not expect Pandora to lower the price of on-demand to $7.99 per month. Kelley still believes on-demand music is the way the industry moves forward and he remains bullish on Pandora's long-term opportunity. The analyst has a Buy rating on the shares with a $16 price target.

P

Pandora

$11.34

0.28 (2.53%)

AMZN

Amazon.com

$760.16

3.76 (0.50%)

AAPL

Apple

$110.06

0.11 (0.10%)

  • 21

    Nov

  • 28

    Nov

P Pandora
$11.34

0.28 (2.53%)

10/26/16
ADAM
10/26/16
NO CHANGE
Target $18
ADAM
Buy
Pandora long-term targets remain intact, says Canaccord
Canaccord analyst Michael Graham noted Pandora reported soft Q3 revenue numbers due to weakness from national entertainment and telco advertisers. He expects the softness to continue into Q4, but believes 2017 should be positive as the "decks have been cleared." Graham believes the weakness in Pandora will prove to be a great buying opportunity and reiterated his Buy rating and $18 price target.
10/26/16
RHCO
10/26/16
NO CHANGE
RHCO
Pandora should be bought on weakness, says SunTrust
After Pandora reported weaker than expected Q3 results and its guidance missed expectations, SunTrust analyst Robert Peck says that the results were "disappointing." However, the analyst thinks that changes made by the company should enable it to lower churn ,grow its user base, and increase monetization with a higher ad load. The analyst trimmed his price target on the shares to $16 from $18 but keeps a Buy rating on the stock and recommends buying the shares on weakness.
10/26/16
AFCO
10/26/16
DOWNGRADE
AFCO
Underweight
Pandora downgraded on costs outlook, 'abominable' deals at Albert Fried
As noted earlier, Albert Fried downgraded Pandora to Underweight from Overweight. Analyst Rich Tullo says that the company's costs are poised to rise, while its record deals are "abominable."The analyst adds that the company's strategy of launching premium services will be negative if the economy weakens. Target $8.
10/26/16
10/26/16
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. Apple (AAPL) downgraded to Hold from Buy at Stifel with analyst Aaron Rakers saying Apple shares could remain range bound over the next few quarters given a lack of upside catalysts. 2. AT&T (T) downgraded to Equal Weight from Overweight at Barclays with analyst Amir Rozwadowski saying AT&T's acquisition of Time Warner (TWX) is a bold move but revenue synergies will take time to materialize and said investors will need to be patient regarding the likely extensive review process and ongoing competitive pressures. 3. Chipotle (CMG) downgraded to Neutral on reduced growth at Credit Suisse with analyst Jason West saying Chipotle is still struggling with the larger population of casual consumers, especially on the coasts, and is testing national TV ads for the first time and increasing the frequency of new menu items. 4. Lowe's (LOW) downgraded to Neutral from Overweight at JPMorgan and to Neutral from Outperform at Wedbush. 5. Pandora (P) downgraded to Underweight from Overweight at Albert Fried and to Market Perform from Outperform at FBR Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AMZN Amazon.com
$760.16

3.76 (0.50%)

11/18/16
OPCO
11/18/16
NO CHANGE
OPCO
Public cloud infrastructure market will be $62B by 2020, says Oppenheimer
Oppenheimer analyst Timothy Horan says "the race is on" for public cloud providers to get as much of their customers' data on their respective cloud platforms as possible. The analyst believes Amazon (AMZN) Web Services, Microsoft (MSFT), and Alphabet's Google (GOOG; GOOGL) have ambitions to become the dominant OS of the cloud, and to do so these companies will aim to have integrated solutions from the infrastructure layer to services through first-party offerings and/or the development of a strong partner channel. He views AWS as the primary wholesale cloud platform and Microsoft as the enterprise platform. However, given the relative immaturity of the market and the massive $1T opportunity, all three have been successful focusing on multiple segments, Horan adds, noting that he expects the public cloud infrastructure market to be $62B by 2020.
11/17/16
PIPR
11/17/16
NO CHANGE
PIPR
Piper sees Trump-related Internet selloff as 'rare opportunity'
Piper Jaffray analyst Gene Munster says he would be "buying the fear" priced into Internet mega-caps. Concerns of President-Elect Trump's impact on tech companies are being largely extrapolated from sound bites that are unlikely to manifest during Trump's presidency, Munster tells investors in a research note. The selloff in "best-in-class" large cap internet stocks Apple (AAPL), Amazon.com (AMZN), Alphabet (GOOG), Facebook (FB) and Netflix (NFLX) presents a "rare opportunity," Munster writes. He believes Trump's threats towards Amazon are without merit and that net neutrality is unlikely to be reversed. He finds the valuations for each of the mega-caps "very attractive."
11/11/16
LOOP
11/11/16
NO CHANGE
LOOP
Loop Capital sees U.S.-centric internet names outperforming in near-term
Following the election of Donald Trump as President and the Republican sweep in D.C., large cap internet names, those with more international revenues, and China-based companies have been underperforming, noted Loop Capital analyst Blake Harper. Larger caps, such as Alphabet (GOOG), Amazon (AMZN) and Facebook (FB), could continue to see more pressure given the potential for more restrictive trade and antitrust policies, while internet companies the large majority of their revenues from the U.S. and a narrower market focus - such as Angie's List (ANGI), Care.com (CRCM), GrubHub (GRUB), Quotient (QUOT), Bankrate (RATE), LendingTree (TREE), TrueCar (TRUE) and Yelp (YELP) - should outperform in the near-term, contends Harper.
11/10/16
STFL
11/10/16
UPGRADE
Target $1900
STFL
Buy
Stifel calls Priceline a dominant franchise, upgrades to Buy
Stifel analyst Scott Devitt last night upgraded Priceline (PCLN) to Buy from Hold and upped his price target for the shares to $1,900 from $1,650. The company, given its recent growth execution and ability to "navigate competitive and macro headwinds," fits alongside other dominant internet franchises such as Amazon (AMZN), Google (GOOG, GOOGL), Facebook (FB) and Alibaba BABA), Devitt tells investors in a research note.
AAPL Apple
$110.06

0.11 (0.10%)

11/11/16
UBSW
11/11/16
NO CHANGE
Target $127
UBSW
Buy
Apple rest-of-world growth needs lift if China falters, says UBS
UBS analyst Steven Milunovich analyzed how much rest-of-world growth Apple needs if China iPhone growth declines in 2017. The analyst speculates that if China units are down 5% in 2017, the rest of the world needs to grow 10% to reach his growth estimate of 6%. Although it is not easy, it is not impossible, said Milunovich, who reiterated his Buy rating and $127 price target on Apple shares.
11/04/16
NEED
11/04/16
NO CHANGE
Target $84
NEED
Buy
Skyworks price target raised to $84 from $73 at Needham
Needham analyst N. Quinn Bolton raised his price target for Skyworks (SWKS) to $84 from $73 after the company reported "strong" beat and raise results in Q4. The analyst believes the company is poised to see future revenue growth as well with Apple (AAPL) nearing full digestion of excess iPhone 6S components and Skyworks' shipments ramp up to match consumption. Further, he believes this dynamic sets the company up for better than seasonal results in Q2. Bolton reiterates a Buy rating on Skyworks' shares.
11/18/16
PIPR
11/18/16
NO CHANGE
Target $155
PIPR
Overweight
Piper says iPhone 7 inventory remains tight
Piper Jaffray checked with 134 Apple Stores in the U.S. for in-store iPhone 7 availability and found that 47% of the models were available for in-store pickup compared to 40% a month ago, analyst Gene Munster tells investors in a research note. By comparison, last year the iPhone 6S was at 100% availability at this time, he adds. The vast majority of available devices remained iPhone 7 versus the iPhone 7 Plus, Munster notes. He finds it unlikely that iPhone reaches supply/demand equilibrium by the end of the December quarter. The analyst remains comfortable with his estimate of 3% iPhone growth in the December quarter. Munster remains positive on Apple shares with an Overweight rating and $155 price target.

TODAY'S FREE FLY STORIES

CCL

Carnival

$65.87

-0.565 (-0.85%)

, CUK

Carnival plc

$65.87

-0.72 (-1.08%)

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CCL

Carnival

$65.87

-0.565 (-0.85%)

CUK

Carnival plc

$65.87

-0.72 (-1.08%)

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WLL

Whiting Petroleum

$5.27

0.095 (1.84%)

10:20
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06/22
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Options
Call buyer tied to hedge in Whiting Petroleum appears closing »

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JBL

Jabil Circuit

$29.00

-0.1 (-0.34%)

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Magellan Midstream

$68.33

0.395 (0.58%)

10:19
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Initiation
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JBL

Jabil Circuit

$29.00

-0.1 (-0.34%)

MMP

Magellan Midstream

$68.33

0.395 (0.58%)

AVB

AvalonBay

$193.47

-1.09 (-0.56%)

AQMS

Aqua Metals

$11.95

-0.36 (-2.92%)

TACO

Del Taco

$13.87

0.14 (1.02%)

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CarMax

$61.87

2.13 (3.57%)

, DFT

DuPont Fabros

$64.48

-0.17 (-0.26%)

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CarMax

$61.87

2.13 (3.57%)

DFT

DuPont Fabros

$64.48

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TSM

TSMC

$36.73

0.02 (0.05%)

SAND

Sandstorm Gold

$3.54

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DAN

Dana Holding

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ORCL

Oracle

$50.78

4.45 (9.61%)

, LUV

Southwest

$61.53

0.495 (0.81%)

10:19
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10:19
Upgrade
On The Fly: Top five analyst upgrades »

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ORCL

Oracle

$50.78

4.45 (9.61%)

LUV

Southwest

$61.53

0.495 (0.81%)

ANF

Abercrombie & Fitch

$12.08

0.029 (0.24%)

KMX

CarMax

$61.87

2.13 (3.57%)

EAT

Brinker

$38.06

1.13 (3.06%)

03/08/13
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ATUS

Altice USA

10:18
06/22/17
06/22
10:18
06/22/17
10:18
Syndicate
Altice USA opens at $31.60, IPO priced at $30 per share »

Altice USA (ATUS) priced…

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  • 22

    Jun

10:17
06/22/17
06/22
10:17
06/22/17
10:17
General news
Forcing Pelosi out would be 'very bad' for Republicans, Trump says »

President Donald Trump…

$NSD

NASDAQ Market Internals

10:17
06/22/17
06/22
10:17
06/22/17
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

10:16
06/22/17
06/22
10:16
06/22/17
10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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10:15
06/22/17
06/22
10:15
06/22/17
10:15
General news
U.S. leading index rose 0.3% to 127.0 in May, an all time high »

U.S. leading index rose…

10:15
06/22/17
06/22
10:15
06/22/17
10:15
General news
Breaking General news story  »

Week of 6/16 EIA Natural…

SINA

SINA

$91.93

3.5 (3.96%)

, WB

Weibo

$76.96

2.88 (3.89%)

10:14
06/22/17
06/22
10:14
06/22/17
10:14
Hot Stocks
Chinese internet stocks fall following report of streaming ban »

Shares of Chinese…

SINA

SINA

$91.93

3.5 (3.96%)

WB

Weibo

$76.96

2.88 (3.89%)

FENG

Phoenix New Media

$2.69

-0.06 (-2.18%)

YY

YY

$58.98

0.89 (1.53%)

MOMO

Momo

$38.70

0.81 (2.14%)

03/08/13
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03/06/13
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03/06/13
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  • 27

    Jun

ANF

Abercrombie & Fitch

$12.19

0.14 (1.16%)

10:10
06/22/17
06/22
10:10
06/22/17
10:10
Upgrade
Abercrombie & Fitch rating change  »

Abercrombie & Fitch…

03/08/13
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HZNP

Horizon Pharma

$11.43

0.59 (5.44%)

10:10
06/22/17
06/22
10:10
06/22/17
10:10
Options
5K Horizon Pharm Jan 15 calls opened for 89c when bid-ask was 45 to 90c »

5K Horizon Pharm Jan 15…

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ATUS

Altice USA

10:08
06/22/17
06/22
10:08
06/22/17
10:08
Syndicate
Altice USA indicated to open at $31.50, IPO priced at $30 »

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  • 22

    Jun

CVM

CEL-SCI

$1.80

0.11 (6.51%)

10:08
06/22/17
06/22
10:08
06/22/17
10:08
Hot Stocks
Breaking Hot Stocks news story on CEL-SCI »

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TWTR

Twitter

$17.93

0.15 (0.84%)

10:07
06/22/17
06/22
10:07
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10:07
Technical Analysis
Technical View: Twitter bounces higher for second session »

The shares were last up…

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  • 28

    Jun

  • 19

    Jul

SGBX

SG Blocks

10:06
06/22/17
06/22
10:06
06/22/17
10:06
Syndicate
Breaking Syndicate news story on SG Blocks »

SG Blocks opens at $4.75,…

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  • 22

    Jun

IGLD

Internet Gold

10:06
06/22/17
06/22
10:06
06/22/17
10:06
Hot Stocks
Breaking Hot Stocks news story on Internet Gold »

Internet Gold trading…

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ACN

Accenture

$121.52

-5.59 (-4.40%)

10:04
06/22/17
06/22
10:04
06/22/17
10:04
Technical Analysis
Technical View: Accenture trades near lows of the day »

The shares were last down…

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  • 22

    Jun

GM

General Motors

$34.06

-0.07 (-0.21%)

10:04
06/22/17
06/22
10:04
06/22/17
10:04
Hot Stocks
GM reports 'successful' conclusion of three-year consent order with NHTSA »

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  • 25

    Jul

10:01
06/22/17
06/22
10:01
06/22/17
10:01
General news
Leading Indicators data reported »

May Leading Indicators up…

IGLD

Internet Gold

10:01
06/22/17
06/22
10:01
06/22/17
10:01
Hot Stocks
Breaking Hot Stocks news story on Internet Gold »

Internet Gold trading…

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TWTR

Twitter

$17.85

0.0699 (0.39%)

10:01
06/22/17
06/22
10:01
06/22/17
10:01
Hot Stocks
Twitter, Sela Sport announce live streaming partnership »

Twitter and Sela Sport…

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  • 28

    Jun

  • 19

    Jul

QQQ

PowerShares QQQ Trust

$140.74

1.38 (0.99%)

10:00
06/22/17
06/22
10:00
06/22/17
10:00
Options
Bullish three-way spread in PowerShares QQQ »

Bullish three-way spread…

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