2016-10-14 07:05:06 FB
10/14/16 10/1407:05 10/14/1607:05 | Piper's teen survey shows declining Facebook engagementPiper 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. |
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Needham starts Amwell at Hold, sees limited near-term upside »
09:39 04/15/21 04/1509:39 04/15/2109:39
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Canaccord to hold a virtual conference »
09:39 04/15/21 04/1509:39 04/15/2109:39
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Needham starts Accolade at Buy, sees engagement driving share gains »
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Bank of America expects card losses to be lower in Q2 »
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Senmiao Technology enters joint operation agreement with Hefei Cheyun »
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Tapestry upgraded to Positive from Mixed at OTR Global »
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Capri Holdings upgraded to Positive from Mixed at OTR Global »
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Capri Holdings
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March manufacturing output up 2.7%, consensus 3.6%
09:30 04/15/21 04/1509:30 04/15/2109:30
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March capacity utilization rate up 74.4%, consensus 75.7%
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March industrial production up 1.4%, consensus 2.8%
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MasterCard appoints Tim Murphy as chief administrative officer »
09:30 04/15/21 04/1509:30 04/15/2109:30
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Syneos could be CRO 'target still standing when music stops,' Dealreporter says »
09:29 04/15/21 04/1509:29 04/15/2109:29
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Clover Health appoints Demetrios Kouzakas to board of directors »
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New Residential downgraded to Hold from Buy at JonesTrading »
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Legion files proxy statement and issues letter to OneSpan shareholders »
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Hop-on begins integration testing, certification of DigitalAge features »
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CleanSpark purchases 22,680 additional bitcoin miners »
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CytoDyn enters supply, distribution agreement with Chiral Pharma »
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U.S. industrial production rebounded 1.4% in March »
09:25 04/15/21 04/1509:25 04/15/2109:25
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Jefferies personal/household analyst to hold analyst/industry conference call »
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Goldman Sachs utilities analysts to hold analyst/industry conference call »
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Jefferies software/Internet analyst to hold analyst/industry conference call »
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REV Group to host virtual investor meeting »
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Ross Stores price target raised to $145 from $130 at Loop Capital »
09:23 04/15/21 04/1509:23 04/15/2109:23
ROST
Ross Stores
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