Oppenheimer analyst Jason Helfstein upgraded Etsy to Outperform from Perform with a $64 price target. The stock in premarket trading is up 9% to $55.25. The company last night reported a strong growth in Q4 and guided fiscal 2020 gross merchandise sales above the Street, Helfstein tells investors in a research note. Etsy smartly pivoted its seller lead-generation strategy to an outcome-based model and reset Etsy Ads to Promoted Listing to the delight of sellers, says the analyst. He believes this should push the company's take-rates above 20% over time and closer to Shopify (SHOP) and Amazon.com (AMZN) for business sellers.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Snap (SNAP) is expected to report results of its first quarter on Thursday, October 25, with a conference call scheduled for 5:30 pm EDT. What to watch... To see the rest of the story go to thefly.com. See Story Here

Amazon (AMZN), Rogers Communications (RCI), and the National Hockey League announced a "milestone two-year agreement" in Canada to bring hockey fans Monday night NHL hockey exclusively on Prime Video. "Prime Monday Night Hockey will stream all national regular season Monday night NHL games in English for the 2024/25 and 2025/26 NHL seasons. The deal is the NHL's first exclusive national broadcast package with a digital-only streaming service in Canada. The Prime Monday Night Hockey package, produced by Prime Video, will feature a new broadcast team offering in-depth analysis and play-by-play coverage, and stream live exclusively to Prime members in Canada," the companies stated.

UBS analyst Stephen Ju raised the firm's price target on Amazon.com to $215 from $198 and keeps a Buy rating on the shares ahead of the Q1 results on April 30. Expectations for revenue seems to be at the high-end of the guidance range of $143.5B, operating income between $13B-$13.5B, and AWS growth is at 15%-16%, the analyst tells investors in a research note. In addition, 2024 will be the first year in some time in which most if not all of the overhangs on Amazon shares should lift to clear the way for the stock to continue to outperform, UBS adds.

Meta (META), Google (GOOGL), Snap (SNAP), and Amazon (AMZN) all benefit from the U.S.' ban of TikTok, The Washington Post's Will Oremus reports. Meta CEO Mark Zuckerberg criticized TikTok's Chinese roots in 2019, part of Meta's broader campaign, Oremus writes. Reference Link