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P

Pandora

$4.82

-0.06 (-1.23%)

, FB

Facebook

$176.46

-1.46 (-0.82%)

08:48
01/02/18
01/02
08:48
01/02/18
08:48

Pandora 2018 EBITDA consensus is too high, says SunTrust

SunTrust analyst Matthew Thornton lowered his price target on Pandora (P) to $7 from $8 and kept his Hold rating, saying that while he is positive on the company's initiatives to boost User Hours and Subscriptions, they will take time and investment to materialize. Thornton says the consensus EBITDA view of -$42M is too high, given the expected rise in costs. The analyst also points to "intense" competition in streaming music as well as potential entry in the space at Facebook (FB), based on its music hires and content licensing.

P

Pandora

$4.82

-0.06 (-1.23%)

FB

Facebook

$176.46

-1.46 (-0.82%)

  • 08

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    Feb

P Pandora
$4.82

-0.06 (-1.23%)

12/12/17
PIPR
12/12/17
NO CHANGE
Target $9
PIPR
Overweight
Piper likes Pandora risk/return at current share levels
After traveling with management, Piper Jaffray analyst Stan Meyers says he likes risk/return profile of Pandora Media shares at current levels. The analyst left the meetings "more comfortable with the evolving Pandora story." He sees improving monetization, listenership growth and cost reductions driving Pandora's growth. The analyst reiterates an Overweight rating on the shares with a $9 price target.
12/05/17
EVER
12/05/17
INITIATION
Target $5.5
EVER
In Line
Pandora initiated with an In Line at Evercore ISI
Evercore ISI analyst initiated Pandora with an In Line and $5.50 price target.
11/16/17
11/16/17
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. Pandora (P) upgraded to Outperform from Market Perform at BMO Capital with analyst Daniel Salmon saying that despite the lack of near-term catalysts, the market underappreciates longer-term factors. 2. Dollar General (DG) upgraded to Buy from Hold at Deutsche Bank with analyst Paul Trussell saying Dollar General's "long-term profit algorithm" will return in 2018. 3. RH (RH) upgraded to Buy from Neutral at Citi with analyst Geoffrey Small saying the company's initial outlook for 2018 alleviates concerns around the balance sheet and uncertainty regarding demand as the retailer backed off of elevated levels of sales and promotions. 4. Regions Financial (RF) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Ryan Nash saying he sees better than expected net interest margin, improving loan growth and increased capital returns helping Regions reach its efficiency goals in 2018. 5. DSW (DSW) upgraded to Positive from Neutral at Susquehanna with analyst Sam Poser citing momentum in the core women's business and well-controlled inventory levels, which suggest positive inflections are at hand. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/16/17
BMOC
11/16/17
UPGRADE
Target $7
BMOC
Outperform
Pandora upgraded to Outperform at BMO Capital on positive audio channel checks
As noted earlier, BMO Capital analyst Daniel Salmon upgraded Pandora to Outperform from Market Perform, saying that despite the lack of near-term catalysts, the market underappreciates longer-term factors. Specifically, Salmon notes recent positive channel checks on audio ads among industry execs, higher gross margins for growing non-music content, better than expected subscriber business, and a potential takeout by SiriusXM (SIRI). The analyst also lowers his price target on Pandora to $7 from $11, anticipating active users and total listener hours to remain under pressure in the near-term.
FB Facebook
$176.46

-1.46 (-0.82%)

12/20/17
JEFF
12/20/17
NO CHANGE
Target $225
JEFF
Buy
Facebook 'Watch' tab could add $12B to sales in 2022, says Jefferies
Jefferies analyst Brent Thill thinks Facebook's "Watch" tab will extend its reach into user's video consumption. The "Watch" tab should drive video engagement and provide additional network effects and sharing, Thill tells investors in a research note. The analyst likes Facebook's data-driven approach to content creation and partner revenue share agreements as it manages content investment. He believes "Watch" could drive an incremental $1B of revenue in 2019 and $12B in 2022. The analyst keeps a Buy rating on Facebook with a $225 price target.
12/18/17
JPMS
12/18/17
NO CHANGE
Target $1375
JPMS
Overweight
JPMorgan calls Facebook, Priceline and Amazon top 2018 Internet picks
JPMorgan analyst Doug Anmuth raised his price target for Amazon.com (AMZN) to $1,375 from $1,220, for Priceline (PCLN) to $2,050 from $1,950 and for Yelp (YELP) to $55 from $52 in conjunction with his 2018 outlook for the Internet sector. The analyst this morning also upgraded Twitter (TWTR) to Overweight from Neutral and raised his price target for the shares to $27 from $20. Anmuth's best Internet ideas for 2018 are Facebook (FB), Priceline and Amazon for large-caps and Twitter and Yelp for smid-caps.
12/07/17
COWN
12/07/17
NO CHANGE
COWN
Tax reform should drive upside for internet companies, says Cowen
Cowen analyst John Blackledge said the proposed U.S. tax overhaul should drive earnings upside at Facebook (FB), Amazon (AMZN) and Alphabet (GOOG). He estimates the cut would result in tax savings, leading to increased estimates for the companies and also notes the potential for repatriation to provide a lift.
12/06/17
PIPR
12/06/17
DOWNGRADE
Target $37
PIPR
Underweight
Yelp downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Sam Kemp downgraded Yelp (YELP) to Underweight from Neutral and lowered his price target for the shares to $37 from $38. The stock closed the trading day down $1.02 to $41.88. Given the "messiness" of removing Eat24, investors missed that Yelp lowered organic Q4 guidance by 2%, Kemp tells investors in a research note. He believes the company may guide down 2018 revenue when reporting Q4 results. Further, the analyst thinks Yelp's believe traffic will become more difficult as Facebook (FB) and Google (GOOG, GOOGL) aggressively route traffic to their own offerings. In addition, Kemp does not view Yelp as an acquisition candidate.

TODAY'S FREE FLY STORIES

INTU

Intuit

$190.41

-1.33 (-0.69%)

21:46
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SPY

SPDR S&P 500 ETF Trust

$272.57

-0.69 (-0.25%)

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S&P 500

$0.00

(0.00%)

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Trump to propose further tax cuts before November, Reuters reports »

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SPDR S&P 500 ETF Trust

$272.57

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FBK

FB Financial

$42.26

-1.36 (-3.12%)

20:49
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FB Financial 3.2M share Secondary priced at $41.25 »

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MYOK

MyoKardia

$50.45

2.15 (4.45%)

20:48
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Syndicate
MyoKardia 3.75M share Secondary priced at $49.00 »

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TWOU

2U

$91.64

-3.86 (-4.04%)

20:47
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Syndicate
2U 3.3M share Secondary priced at $90.00 »

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ARDX

Ardelyx

$4.50

-1.15 (-20.35%)

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LOW

Lowe's

$85.74

-1.63 (-1.87%)

, TGT

Target

$75.42

-1.44 (-1.87%)

20:25
05/22/18
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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LOW

Lowe's

$85.74

-1.63 (-1.87%)

TGT

Target

$75.42

-1.44 (-1.87%)

TIF

Tiffany

$102.26

-0.96 (-0.93%)

RL

Ralph Lauren

$116.67

-0.41 (-0.35%)

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INFO

IHS Markit

$51.28

-0.32 (-0.62%)

20:02
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IHS Markit expands MarkitSERV trade reporting solution in Asia and Europe »

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CDAY

Ceridian

$34.31

-0.885 (-2.51%)

19:54
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Recommendations
Ceridian analyst commentary at MUFG »

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RMTI

Rockwell Medical

$5.94

-0.06 (-1.00%)

19:20
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Hot Stocks
Rockwell Medical president, CEO Chioini terminated from his positions »

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AMZN

Amazon.com

$1,582.10

-3.45 (-0.22%)

19:16
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Periodicals
Amazon.com has banned some shoppers who make excessive returns, WSJ says »

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  • 04

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CTRP

Ctrip

$43.46

0.48 (1.12%)

, HPE

HP Enterprise

$17.49

-0.01 (-0.06%)

19:03
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Hot Stocks
On The Fly: After Hours Movers »

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CTRP

Ctrip

$43.46

0.48 (1.12%)

HPE

HP Enterprise

$17.49

-0.01 (-0.06%)

ARCO

Arcos Dorados

$7.55

0.35 (4.86%)

MET

MetLife

$48.48

0.405 (0.84%)

RRGB

Red Robin

$57.80

-2.9 (-4.78%)

TCS

Container Store

$8.23

0.68 (9.01%)

URBN

Urban Outfitters

$41.21

-1.09 (-2.58%)

CRIS

Curis

$0.53

0.0211 (4.13%)

IBTX

Independent Bank

$77.85

-0.7 (-0.89%)

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EADSY

Airbus

$0.00

(0.00%)

, BA

Boeing

$355.06

-8.89 (-2.44%)

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Periodicals
Airbus says plane subsidies over, U.S. rejects notion, WSJ says »

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EADSY

Airbus

$0.00

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BA

Boeing

$355.06

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QTNA

Quantenna Communications

$14.94

-0.13 (-0.86%)

18:43
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Initiation
Quantenna Communications initiated at William Blair »

Quantenna assumed with an…

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ALGT

Allegiant Travel

$153.95

-5.15 (-3.24%)

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  • 22

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EA

Electronic Arts

$132.18

-0.73 (-0.55%)

18:30
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Recommendations
Electronic Arts analyst commentary at Baird »

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POOL

Pool Corp.

$145.96

-3.74 (-2.50%)

18:22
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Pool Corp. director Stokely sells 10,000 common shares »

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  • 12

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RRGB

Red Robin

$57.80

-2.9 (-4.78%)

18:16
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Recommendations
Red Robin analyst commentary at Stephens »

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  • 22

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BGS

B&G Foods

$26.50

-0.75 (-2.75%)

18:11
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  • 22

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CTRP

Ctrip

$43.46

0.48 (1.12%)

18:05
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Breaking Hot Stocks news story on Ctrip »

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  • 05

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CTRP

Ctrip

$43.46

0.48 (1.12%)

18:05
05/22/18
05/22
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Earnings
Ctrip reports Q1 adjusted earnings per ADS 55c, may not compare to consensus 16c »

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  • 05

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PLBC

Plumas Bancorp

$28.00

(0.00%)

18:02
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Plumas Bank agrees to purchase Carson City branch of Mutual of Omaha Bank »

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CTRP

Ctrip

$43.46

0.48 (1.12%)

18:02
05/22/18
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18:02
Earnings
Breaking Earnings news story on Ctrip »

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  • 05

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CRIS

Curis

$0.53

0.0211 (4.13%)

17:56
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Curis announces 1-for-5 reverse stock split »

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TCS

Container Store

$8.23

0.68 (9.01%)

17:47
05/22/18
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Hot Stocks
Container Store drops 12% after Q4 EPS lower than estimates »

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