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GOOG

Alphabet

$1,019.46

-48.24 (-4.52%)

, GOOGL

Alphabet Class A

$1,022.98

-50.08 (-4.67%)

06:23
04/25/18
04/25
06:23
04/25/18
06:23

Google will replace Google Play Music with YouTube Remix, Droid Life reports

Google (GOOG, GOOGL) will replace Google Play Music with YouTube Remix as its go-to music service when the rumored Spotify (SPOT)-like platform launches later this year and users will be forced off of Play Music by year-end, Droid Life reports, citing a "reliable" source. "We've previously announced the combination of the YouTube Music and Google Play product teams - music is very important to Google so it's critical we have one offering that meets the needs of consumers and artists. Nothing will change for users today and we'll provide plenty of notice before any changes are made," a YouTube spokesperson said. Reference Link

GOOG

Alphabet

$1,019.46

-48.24 (-4.52%)

GOOGL

Alphabet Class A

$1,022.98

-50.08 (-4.67%)

SPOT

Spotify

$155.13

-2.96 (-1.87%)

  • 02

    May

GOOG Alphabet
$1,019.46

-48.24 (-4.52%)

04/24/18
MSCO
04/24/18
NO CHANGE
Target $1200
MSCO
Overweight
Alphabet price target raised to $1,200 from $1,175 at Morgan Stanley
Morgan Stanley analyst Brian Nowak noted that Alphabet's Q1 revenue came in 1% better than he expected and 3% better than consensus and he believes the revenue beat speaks to the company's long growth runway and monetization potential. He estimates that Alphabet's "like-for-like EBIT" was 6% better than he'd forecast, but 4% below the Street view. However, he believes the company's higher than expected operating expenses combined with management commentary about investments in 2018 may limit near-term revisions. Stating that "revenue trumps opex," Nowak raised his 2018 and 2019 EBITDA estimate by 3% and 2%, respectively, which increased his price target on Alphabet to $1,200. He maintains an Overweight rating on the stock.
04/24/18
LEHM
04/24/18
NO CHANGE
Target $1250
LEHM
Overweight
Alphabet price target lowered to $1,250 from $1,330 at Barclays
Barclays analyst Ross Sandler lowered his price target for Alphabet (GOOGL) to $1,250 following last night's Q1 results but keeps an Overweight rating on the shares. The company reported revenue and recurring earnings that were 3% and 7% above estimates, but missed consensus operating income by 9%, Sandler tells investors in a research note. What matters the most on these kinds of "noisy" prints historically is that Sites revenue growth is well ahead of expectations and not decelerating at all despite a tougher comp, the analyst contends. Sandler thinks Alphabet shares are oversold at current levels and would selectively add to positions.
04/24/18
STFL
04/24/18
NO CHANGE
Target $1234
STFL
Hold
Alphabet price target raised to $1,234 from $1,150 at Stifel
Stifel analyst Scott Devitt raised his Q2 and 2018 net revenue forecasts for Alphabet driven by strong results in both Properties and Network revenues in Q1. While its Q1 operating margins excluding one-time items came in below consensus expectations, they beat his forecast, noted Devitt, who raised his price target on Alphabet shares to $1,234 and keeps a Hold rating on the stock.
04/24/18
OPCO
04/24/18
NO CHANGE
Target $1350
OPCO
Outperform
Alphabet price target raised to $1,350 from $1,340 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Alphabet to $1,350 from $1,340 after the company reported "strong" Q1 results, while expecting investments in hardware and Cloud to weigh on margins through 2018. Despite margin concerns, valuation appears attractive, he adds. The analyst reiterates an Outperform rating on the shares.
GOOGL Alphabet Class A
$1,022.98

-50.08 (-4.67%)

04/24/18
BMOC
04/24/18
NO CHANGE
Target $1100
BMOC
Market Perform
Alphabet Q1 margins remained weak, says BMO Capital
BMO Capital analyst Daniel Salmon kept his Market Perform rating and $1,100 price target on Alphabet after the company's Q1 results, saying that while revenues came in "solid", margins were "weak again" and could remain pressured as the company spends more to address inappropriate content on YouTube. The analyst says this trend is being "increasingly embedded" in investors' expectations, requiring a notable "new story" like Maps monetization or Waymo commercialization to produce "material stock outperformance".
04/24/18
MONN
04/24/18
NO CHANGE
Target $1306
MONN
Buy
Alphabet price target raised to $1,306 from $1,280 at Monness Crespi
Monness Crespi analyst Brian White raised his price target for Alphabet Class A shares to $1,306 from $1,280 after the company reported better than expected Q1 revenue results that beat the Street estimates and his projections. The analyst reiterates a Buy rating on the stock.
04/24/18
STFL
04/24/18
UPGRADE
STFL
Buy
Alphabet upgraded to Buy from Hold at Stifel
SPOT Spotify
$155.13

-2.96 (-1.87%)

04/05/18
STFL
04/05/18
INITIATION
Target $180
STFL
Buy
Spotify initiated with a Buy at Stifel
Stifel analyst John Egbert started coverage of Spotify (SPOT) with a Buy rating and $180 price target, stating that he believes the company's $9.99 a month music streaming service is right behind Amazon's (AMZN) Prime membership and Netflix's (NFLX) $10.99 a month streaming subscription on the list of Internet services on a value per dollar basis. He forecasts Spotify will reach approximately 300 million monthly active users, including 159 million paying subscribers, by 2021. Egbert also thinks Spotify can deliver meaningful operating profits and cash flow within its current licensing structure, with additional upside if the company succeeds in demand creation and / or non-music content.
04/05/18
ADAM
04/05/18
INITIATION
Target $200
ADAM
Buy
Spotify initiated with a Buy at Canaccord
Canaccord analyst Maria Ripps initiated Spotify (SPOT) with a Buy rating and $200 price target. The analyst believes the global music market has finally found a growth engine in streaming music. She believes both Spotify and Pandora (P) are well positioned to grow with the shift in consumption. Ripps said Spotify is the leader in streaming and warrants a premium valuation.
04/05/18
04/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Spotify (SPOT) initiated with a Buy at Canaccord and Stifel. 2. Trade Desk (TTD) initiated with an Overweight at Piper Jaffray. 3. Saul Centers (BFS) initiated with a Neutral at B. Riley FBR. 4. Capital One (COF) and American Express (AXP) were initiated with a Buy at Citi while Discover (DFS) and Synchrony (SYF) were initiated with a Neutral. 5. Intel (INTC) initiated with a Buy at UBS while Qualcomm (QCOM) was initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/24/18
RILY
04/24/18
INITIATION
Target $156
RILY
Neutral
Spotify initiated with a Neutral at B. Riley FBR
B. Riley FBR analyst Barton Crocket started Spotify Technology with a Neutral rating and $156 price target. The analyst says pricing pressure "mitigates a story that otherwise appeals."

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AMZN

Amazon.com

$1,947.47

21.2 (1.10%)

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LYV

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NTES

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11.57 (5.65%)

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AMZN

Amazon.com

$1,944.93

18.66 (0.97%)

, DLB

Dolby

$68.99

0.5 (0.73%)

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Amazon.com

$1,944.93

18.66 (0.97%)

DLB

Dolby

$68.99

0.5 (0.73%)

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FB

Facebook

$165.20

2.14 (1.31%)

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Twitter

$29.80

0.27 (0.91%)

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$165.20

2.14 (1.31%)

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Twitter

$29.80

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Alphabet

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14.03 (1.20%)

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Alphabet Class A

$1,189.17

14.51 (1.24%)

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ACAD

Acadia

$18.77

3.66 (24.22%)

13:59
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    Oct

GLW

Corning

$36.24

0.98 (2.78%)

13:57
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SYK

Stryker

$173.03

-0.56 (-0.32%)

13:57
09/20/18
09/20
13:57
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Stryker to showcase Tritanium In-Growth Technology in AR experience »

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  • 09

    Oct

AMZN

Amazon.com

$1,946.29

20.02 (1.04%)

13:57
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  • 26

    Sep

FB

Facebook

$165.29

2.23 (1.37%)

, TWTR

Twitter

$29.81

0.28 (0.95%)

13:56
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FB

Facebook

$165.29

2.23 (1.37%)

TWTR

Twitter

$29.81

0.28 (0.95%)

GOOG

Alphabet

$1,186.13

15.16 (1.29%)

GOOGL

Alphabet Class A

$1,189.54

14.88 (1.27%)

03/08/13
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TRCO

Tribune Media

$37.90

-0.07 (-0.18%)

, NXST

Nexstar

$81.35

1.1 (1.37%)

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TRCO

Tribune Media

$37.90

-0.07 (-0.18%)

NXST

Nexstar

$81.35

1.1 (1.37%)

TGNA

Tegna

$12.02

0.09 (0.75%)

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  • 08

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    Nov

HRS

Harris

$161.08

-4.41 (-2.66%)

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AMZN

Amazon.com

$1,947.40

21.13 (1.10%)

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  • 26

    Sep

PAGS

PagSeguro Digital

$29.03

0.61 (2.15%)

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REPYY

Repsol

$0.00

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AMZN

Amazon.com

$1,946.26

19.99 (1.04%)

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AMZN

Amazon.com

$1,945.51

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AMZN

Amazon.com

$1,946.00

19.73 (1.02%)

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  • 26

    Sep

QQQ

Invesco QQQ Trust

$184.72

2.01 (1.10%)

13:40
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Large put spread in Invesco QQQ as a hedge is adjusted »

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AMZN

Amazon.com

$1,944.99

18.72 (0.97%)

13:39
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  • 26

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AMZN

Amazon.com

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18.73 (0.97%)

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AMZN

Amazon.com

$1,944.64

18.37 (0.95%)

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AMZN

Amazon.com

$1,944.00

17.73 (0.92%)

13:30
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