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SPOT

Spotify

$179.74

2.33 (1.31%)

16:12
07/10/18
07/10
16:12
07/10/18
16:12

Spotify initiated with a Buy at Nomura Instinet

Nomura initiated Spotify with a Buy and $210 price target.

  • 26

    Jul

SPOT Spotify
$179.74

2.33 (1.31%)

07/09/18
LEHM
07/09/18
NO CHANGE
Target $450
LEHM
Overweight
Netflix price target raised to $450 from $370 at Barclays
Barclays analyst Kannan Venkateshwar raised his price target for Netflix to $450 saying he remains positive on the stock despite the 107% rally year-to-date. On a per subscriber basis, Netflix's valuation is not too far off from legacy media businesses, which are growing "significantly slower," Venkateshwar tells investors in a research note titled "What are the key risks to the story?" Further, Netflix "appears even cheap relative to names such as Spotify (SPOT), the analyst contends. His new price target reflects higher subscriber and revenue estimates. Venkateshwar keeps an Overweight rating on Netflix shares.
07/09/18
MKMP
07/09/18
NO CHANGE
Target $200
MKMP
Buy
Spotify best positioned in 'highly investable' music industry, says MKM Partners
MKM Partners analyst Rob Sanderson kept his Buy rating and $200 price target on Spotify, saying the company is "best positioned and has the most interest in advancing a healthy music industry", which has become "highly investable" as its monetization has turned. The analyst further notes that after 20 years of under-investment, the industry can start to rebuild, particularly in recruiting/promoting artists and connecting them with fans. Sanderson believes that Spotify can benefit from "large value creation opportunities" and expects the company to "significantly increase in market share" in the next 5 years.
07/09/18
OPCO
07/09/18
INITIATION
OPCO
Perform
Spotify initiated with a Perform at Oppenheimer
Oppenheimer analyst Jason Helfstein started Spotify Technology with a Perform rating and no price target. The analyst calculates the stock's intrinsic value range at $160-$170 per share or 13-14 time estimated 2019 gross profit. The shares closed the trading day up $1.74 to $177.44. The analyst believes Spotify will benefit from the "secular tailwind of growing digital music streaming adoption" but questions the extent to which it can differentiate its service to maintain market share. Further, Spotify's attempts to improve gross margin by licensing music direct will likely be stymied by labels and premium placement in playlists is "expected," rather than a "paid for" service, Helfstein tells investors in a research note partially titled "A Too Familiar Tune."
07/10/18
07/10/18
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 Perform at Oppenheimer. 2. CME Group (CME) initiated with a Neutral at Compass Point. 3. Weight Watchers (WTW) initiated with an Overweight at KeyBanc. 4. Fossil (FOSL) initiated with an Overweight at KeyBanc. 5. Alvarion (ALVR) initiated with a Neutral at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SFTBF

SoftBank

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SoftBank; also use SFTBF

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Conference/Events
CLSA India Internet & Ecommerce analyst to hold analyst/industry conference call »

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SoftBank

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SFTBY

SoftBank; also use SFTBF

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China's CPI grew 2.5% y/y in September »

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PYPL

PayPal

$77.22

-1.8 (-2.28%)

20:49
10/15/18
10/15
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ALRM

Alarm.com

$44.50

0.16 (0.36%)

20:45
10/15/18
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  • 07

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SGBAF

SES S.A.

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20:36
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JNJ

Johnson & Johnson

$133.75

-0.03 (-0.02%)

, UNH

UnitedHealth

$259.80

0.36 (0.14%)

20:25
10/15/18
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Earnings
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JNJ

Johnson & Johnson

$133.75

-0.03 (-0.02%)

UNH

UnitedHealth

$259.80

0.36 (0.14%)

GS

Goldman Sachs

$215.28

1.37 (0.64%)

MS

Morgan Stanley

$43.45

(0.00%)

BLK

BlackRock

$427.40

-0.18 (-0.04%)

PLD

Prologis

$63.00

0.45 (0.72%)

PGR

Progressive

$66.23

-0.64 (-0.96%)

GWW

Grainger

$318.38

6.75 (2.17%)

OMC

Omnicom

$69.48

0.8 (1.16%)

CMA

Comerica

$83.69

-1.04 (-1.23%)

JBHT

J.B. Hunt

$111.78

2.52 (2.31%)

DPZ

Domino's Pizza

$273.13

-4.215 (-1.52%)

FHN

First Horizon

$15.99

-0.11 (-0.68%)

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    Jan

TWLO

Twilio

$76.26

1.27 (1.69%)

, SEND

SendGrid

$30.94

0.04 (0.13%)

20:13
10/15/18
10/15
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20:13
Recommendations
Twilio, SendGrid analyst commentary at MUFG »

MUFG analyst 'fully…

TWLO

Twilio

$76.26

1.27 (1.69%)

SEND

SendGrid

$30.94

0.04 (0.13%)

03/08/13
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  • 06

    Nov

PANW

Palo Alto Networks

$209.49

-2.51 (-1.18%)

20:07
10/15/18
10/15
20:07
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20:07
Recommendations
Palo Alto Networks analyst commentary at JPMorgan »

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  • 16

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    Dec

SVA

Sinovac Biotech

$7.16

-0.03 (-0.42%)

20:03
10/15/18
10/15
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Hot Stocks
Sinovac Biotech commences legal proceedings in Hong Kong »

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NWN

Northwest Natural Gas

$67.70

0.36 (0.53%)

20:01
10/15/18
10/15
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Hot Stocks
Northwest Natural Water unit to buy Sunriver Water LLC, terms not stated »

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  • 06

    Nov

VFC

VF Corp.

$87.65

0.11 (0.13%)

19:53
10/15/18
10/15
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Initiation
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  • 19

    Oct

LVS

Las Vegas Sands

$55.84

-0.32 (-0.57%)

19:39
10/15/18
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OXY

Occidental Petroleum

$72.24

-4.69 (-6.10%)

19:37
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Recommendations
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  • 06

    Nov

AVMXY

Avita Medical

$0.00

(0.00%)

19:24
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FB

Facebook

$153.56

-0.2 (-0.13%)

19:16
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Facebook confirms expanding policies on voter suppression »

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  • 28

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  • 07

    Nov

JBHT

J.B. Hunt

$111.78

2.52 (2.31%)

, SEND

SendGrid

$30.94

0.04 (0.13%)

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JBHT

J.B. Hunt

$111.78

2.52 (2.31%)

SEND

SendGrid

$30.94

0.04 (0.13%)

TWLO

Twilio

$76.26

1.27 (1.69%)

HQCL

Hanwah Q Cells

$8.20

-0.13 (-1.56%)

ADBE

Adobe

$238.05

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CRY

CryoLife

$30.64

0.42 (1.39%)

TRQ

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$1.96

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JELD

Jeld-Wen

$21.31

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TTOO

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$5.30

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ACRS

Aclaris Therapeutics

$13.38

-0.21 (-1.55%)

AGN

Allergan

$183.03

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PANW

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$209.49

-2.51 (-1.18%)

SNAP

Snap

$7.41

0.225 (3.13%)

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  • 10

    Dec

SHLD

Sears

$0.31

-0.0901 (-22.52%)

18:43
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WAB

Wabtec

$97.03

1.63 (1.71%)

18:38
10/15/18
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18:38
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Wabtec rating change at Wellington Shields »

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  • 06

    Nov

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TGE

Tallgrass Energy

$23.73

0.17 (0.72%)

18:30
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DIS

Disney

$113.47

0.86 (0.76%)

, GOOG

Alphabet

$1,092.00

-18.93 (-1.70%)

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Disney-backed Jaunt to focus efforts on AR, says some staff will be 'moving on' »

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DIS

Disney

$113.47

0.86 (0.76%)

GOOG

Alphabet

$1,092.00

-18.93 (-1.70%)

GOOGL

Alphabet Class A

$1,101.58

-19.41 (-1.73%)

03/08/13
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  • 16

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  • 07

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    Nov

  • 03

    Mar

HMC

Honda

$27.05

-0.16 (-0.59%)

18:19
10/15/18
10/15
18:19
10/15/18
18:19
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Honda to recall 54 model year 2017-2018 Honda Civic and Honda CR-V vehicles »

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  • 24

    Oct

MSFT

Microsoft

$107.60

-1.94 (-1.77%)

18:15
10/15/18
10/15
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18:15
Hot Stocks
Microsoft co-founder Paul Allen dead at 65 »

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