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YELP

Yelp

$43.30

0.64 (1.50%)

, FB

Facebook

$170.87

2.14 (1.27%)

08:28
10/02/17
10/02
08:28
10/02/17
08:28

Morgan Stanley raises price targets on Facebook, Priceline, Yelp

Morgan Stanley analyst Brian Nowak issued a note recapping his views on which U.S. Internet names are set to outperform the rest of this year and into next year, saying he is positive on Facebook (FB), Google (GOOGL) and Priceline (PCLN) among large caps. He raised his price target on Facebook to $195 from $190 and increased his price target on Priceline to $2,100 from $2,050. Nowak also raised his price target on Yelp (YELP) to $40 from $26, saying he believes near-term estimates on the Street are too low. However, he keeps an Equal Weight rating on Yelp shares, citing the recent slowdown in local account growth and worries about churn.

YELP

Yelp

$43.30

0.64 (1.50%)

FB

Facebook

$170.87

2.14 (1.27%)

GOOG

Alphabet

$959.11

9.61 (1.01%)

GOOGL

Alphabet Class A

$973.72

8.91 (0.92%)

PCLN

Ticker changed to BKNG

$1,830.82

19.13 (1.06%)

  • 03

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    Oct

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    Nov

YELP Yelp
$43.30

0.64 (1.50%)

10/02/17
SBSH
10/02/17
NO CHANGE
Target $50
SBSH
Buy
Yelp price target raised to $50 from $42 at Citi
Citi analyst Mark May raised his price target for Yelp to $50 and keeps a Buy rating on the shares. The new target reflects the the pending sale of Eat24, a more favorable margin outlook, and a less conservative long-term revenue forecast, May tells investors in a research note. The analyst raised his estimates above the consensus.
09/22/17
DADA
09/22/17
INITIATION
Target $51
DADA
Buy
Yelp initiated with a Buy at DA Davidson
DA Davidson analyst Tom Forte started Yelp with a Buy rating and $51 price target. The analyst sees "multiple drivers" for sales growth and long-term potential for margin expansion due to sales leverage.
09/06/17
KEYB
09/06/17
NO CHANGE
Target $54
KEYB
Overweight
KeyBanc remains a buyer of Yelp
KeyBanc analyst Brad Erickson raised his price target for Yelp to $54 from $50 after conversations with both Yelp (YELP) and GrubHub (GRUB), given his increased confidence in the benefits of the partnership. The analyst views Yelp's role in online food ordering as incrementally more sustainable and has higher conviction that core local ad forecasts remain conservative, which is still not reflected in the stock. Erickson remains a buyer of Yelp and reiterates an Overweight rating on its stock.
09/06/17
KEYB
09/06/17
NO CHANGE
Target $62
KEYB
Overweight
GrubHub price target raised to $62 from $56 at KeyBanc
KeyBanc analyst Brad Erickson raised his price target for GrubHub (GRUB) to $62 from $56 after talking with both the company and Yelp (YELP) as he is now incrementally more confident in the partnership's benefits for GrubHub. Though initial profitability from the deal is now better reflected in the shares, the analyst remains persuaded there is wall of worry surrounding the sustainability of GrubHub's growth and reiterates an Overweight rating on the stock.
FB Facebook
$170.87

2.14 (1.27%)

09/27/17
SBSH
09/27/17
NO CHANGE
Target $200
SBSH
Buy
Facebook checks suggest possible upside in Q3, says Citi
Citi analyst Mark May says early checks with two "leading" social marketing platforms, 4C and Kenshoo, suggest that growth in spend across the Facebook platform remains strong and that the company is on track to at least meet expectations in Q3. Total advertising growth in Q3 could be as high as it was in Q2, May tells investors in a research note titled "Early Agency Checks Suggest Upside Potential in Q3." He keeps a Buy rating on Facebook with a $200 price target.
09/27/17
WELS
09/27/17
NO CHANGE
Target $215
WELS
Outperform
Facebook price target raised to $215 from $185 at Wells Fargo
Wells Fargo analyst Ken Sena raised his price target for Facebook to $215 from $185, while reiterating an Outperform rating on the shares. The analyst notes that Facebook has the largest audience platform in the world at a time when the advancement in deep neural network science, or artificial intelligence, is setting up for a very different computing era, namely in the sense that it is adaptive, learns continually and will favor those with data scale and compute efficiency. Further, Sena thinks the company could yield "such a major opportunity" on the video side.
09/27/17
COWN
09/27/17
NO CHANGE
Target $200
COWN
Outperform
Facebook price target raised to $200 on Instagram user metrics at Cowen
Cowen analyst John Blackledge raised his price target on Facebook based on higher user engagement metrics. The analyst said Instagram's monthly average user growth was much larger than expected and above his estimates. Blackledge reiterated his Outperform rating and raised his price target to $200 from $195 on Facebook shares.
09/28/17
DBAB
09/28/17
NO CHANGE
Target $220
DBAB
Buy
Deutsche sees upside to Facebook estimates, boosts target to $220
Deutsche Bank analyst Lloyd Walmsley raised his Q3 and 2018 estimates for Facebook citing "increasing signs of strength." Conversations in the advertising industry continue to point towards "strong" same-client budget growth in Q3 and a longer term willingness to "lean into" new inventory on Facebook, Walmsley tells investors in a research note. He increased his ad revenue growth rate excluding currency for Facebook to 42% from 39% in Q3 and to 32% from 30% in 2018. The analyst believes Facebook has the most upside to estimates over the next 6-12 months and is his favorite name among the large cap Internet space. Walmsley upped his price target for the shares to $220 from $215 and keeps a Buy rating on the name. Facebook closed yesterday up $3.47 to $167.68.
GOOG Alphabet
$959.11

9.61 (1.01%)

09/27/17
KEYB
09/27/17
NO CHANGE
Target $35
KEYB
Overweight
Google's Bitium acquisition has little implication for Okta, says KeyBanc
KeyBanc analyst Rob Owens notes Google (GOOG; GOOGL) announced the acquisition of Bitium, which offers IAM solutions that include single sign-on and provisioning for cloud applications. The analyst sees the implications as muted for Okta's (OKTA) competitive dynamic, with the latter offering a broader integration ecosystem, richer technology integrations, and a portfolio of identity centric solutions that extends beyond provisioning and SSO. He reiterates an Overweight rating and $35 price target on Okta's shares.
09/20/17
SBSH
09/20/17
NO CHANGE
Target $1180
SBSH
Buy
Alphabet checks suggest at least in line Q3, says Citi
Citi analyst Mark May says early checks with two leading search engine marketing firms, Merkle and Kenshoo, suggest that growth in Google search spend remains strong and that the company is on track to at least meet expectations in Q3. The analyst keeps a Buy rating on Alphabet (GOOGL) shares with a $1,180 price target.
09/21/17
WBLR
09/21/17
NO CHANGE
WBLR
Nest product does not change Alarm.com's growth potential, says William Blair
William Blair analyst Bhavan Suri believes Alphabet's (GOOG, GOOGL) Nest's new do-it-yourself security system does not change Alarm.com's (ALRM) long-term growth potential. Nest Secure is not that differentiated from existing do-it-yourself products, therefore its impact on the monitored security market should not be that material, Suri tells investors in a research note. He also do not see Moni, one of Alarm.com's largest customers, providing the professional monitoring service for Nest as a big headwind to Alarm.com. He believes Moni would rather push its own service, which is run on Alarm.com, versus Nest due to better monetization and a direct relationship with the customer. Suri keeps an Outperform rating on Alarm.com.
09/21/17
STFL
09/21/17
NO CHANGE
Target $52
STFL
Buy
Smart doorbell business competition positive for Ambarella, says Stifel
Stifel analyst Kevin Cassidy notes that Nest, a subsidiary of Google (GOOG; GOOGL), announced that it is moving into the smart doorbell business with Hello, and argues that multiple sources create healthy competition and expands the end market. The analyst believes Ambarella's (AMBA) products are a key part of this device, based on its presence in the rival Ring product. He reiterates a Buy rating and $52 price target on Ambarella's shares.
GOOGL Alphabet Class A
$973.72

8.91 (0.92%)

09/26/17
WELS
09/26/17
INITIATION
Target $1250
WELS
Outperform
Alphabet assumed with an Outperform at Wells Fargo
Wells Fargo analyst Ken Sena assumed coverage on Alphabet with an Outperform and $1,250 price target.
09/28/17
RHCO
09/28/17
NO CHANGE
RHCO
Alphabet unlikely to see major near-term impact from EU decrees, says SunTrust
SunTrust analyst Youssef Squali says the impact of the changes imposed by the EU on Alphabet's Google Search will be "relatively muted." The analyst remains upbeat on the outlook for Google Shopping despite changes to it mandated by the EU. He keeps an $1,100 price target and a Buy rating on the stock.
PCLN Ticker changed to BKNG
$1,830.82

19.13 (1.06%)

09/26/17
BOFA
09/26/17
NO CHANGE
BOFA
Priceline may be scaling back performance marketing, says BofA/Merrill
BofA/Merrill analyst Justin Post said trivago's (TRVG) recent preannouncement and TripAdvisor's (TRIP) CPC weakness indicate a large advertising client may be scaling back performance marketing spend in Q3. Post thinks Priceline (PCLN) is pulling back on its marketing spend due to concerns on its placement or branding on trivago or TripAdvisor sites due to metasearch portals competing more aggressively in online paid channels. The analyst believes Priceline's Q3 results may show the impact of reduced ad spend, making it more likely it beats on the bottom-line versus top-line.
09/27/17
JPMS
09/27/17
DOWNGRADE
Target $14
JPMS
Neutral
trivago downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Doug Anmuth downgraded trivago (TRVG) to Neutral saying the shares could be range-bound for a longer period of time as the company works through bidding adjustments from large advertisers like Priceline (PCLN) and rolls out its performance attribution model. trivago also faces tough comps through the first half of 2018, Anmuth tells investors in a research note. He cut his price target for the shares to $14 from $16.
09/28/17
09/28/17
DOWNGRADE
Target $12

Equal Weight
trivago downgraded to Equal Weight on lower OTA spending at Morgan Stanley
As previously reported, Morgan Stanley analyst Brian Nowak downgraded trivago (TRVG) to Equal Weight from Overweight, as he believes online travel agencies Priceline (PCLN) and Expedia (EXPE) are reducing their spending with the company, which he sees making comps tough until the second half of next year. The analyst, who cut his FY17 and FY18 revenue forecasts for trivago by 7% and 12%, respectively, lowered his price target on the shares to $12 from $22.
09/07/17
JPMS
09/07/17
NO CHANGE
Target $16
JPMS
Overweight
trivago price target lowered to $16 from $23 at JPMorgan
JPMorgan analyst Doug Anmuth lowered his price target for trivago shares to $16 from $23 and his earnings estimates "significantly" citing the company's softer 2017 outlook. The analyst admits the stock could be range-bound, but he keeps an Overweight rating on the name, saying the company's "scaled, high quality platform" remains a valuable source of customers for Priceline (PCLN), Expedia (EXPE) and others.

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RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

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Avid Bioservices

$4.46

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BGS

B&G Foods

$29.80

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First Majestic

$7.44

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NFLX

Netflix

$400.24

4.32 (1.09%)

ROKU

Roku

$48.27

-0.52 (-1.07%)

AVEO

Aveo Pharmaceuticals

$2.85

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EOLS

Evolus

$25.08

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TRQ

Turquoise Hill

$2.94

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CARB

Carbonite

$38.40

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RDFN

Redfin

$23.99

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NAKD

Naked Brand Group

$4.95

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$26.99

-0.52 (-1.89%)

AMZN

Amazon.com

$1,822.02

9.02 (0.50%)

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AT&T

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Sinclair Broadcast

$29.10

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DE

Deere

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-1.41 (-1.02%)

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Caterpillar

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-2.68 (-1.90%)

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RIO

Rio Tinto

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NFLX

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IBM

IBM

$145.43

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LGF.A

Lionsgate

$25.33

-0.58 (-2.24%)

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GNRC

Generac

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MTW

Manitowoc

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Netflix

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4.32 (1.09%)

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