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ONDK

On Deck Capital

$8.41

1.63 (24.04%)

10:00
08/07/18
08/07
10:00
08/07/18
10:00

On Deck Capital rises 23.7%

On Deck Capital is up 23.7%, or $1.61 to $8.40.

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  • 06

    Nov

ONDK On Deck Capital
$8.41

1.63 (24.04%)

07/19/18
MSCO
07/19/18
DOWNGRADE
MSCO
Underweight
On Deck Capital downgraded to Underweight from Equal Weight at Morgan Stanley
07/19/18
07/19/18
DOWNGRADE
Target $6

Underweight
Morgan Stanley sees On Deck needing time to ramp ODaaS, cuts to Underweight
As previously reported, Morgan Stanley analyst James Faucette downgraded On Deck Capital to Underweight from Equal Weight, stating that he sees the company needing a long time to meaningfully scale the "OnDeck-as-a-Service," which he believes will limit the stock's potential for valuation expansion above small-to-mid cap banks. Also, Faucette sees limited upside potential to origination growth estimates given the company's preference for delivering profitability versus growth, he tells investors. He maintains a $6 price target on On Deck shares.
07/19/18
MSCO
07/19/18
NO CHANGE
MSCO
Morgan Stanley upgrades Payments and Processing industry to Attractive
Morgan Stanley analyst James Faucette upgraded his view of the Payments and Processing industry to Attractive, citing the firm's U.S. Strategy Team's call for rotation out of Technology and his view that Payments will be seen as an attractive option for investors looking to become more defensive. Investors underappreciate the resilience of consumer spending and Faucette sees the potential for his Payments coverage market-cap weighted earnings growth to accelerate organically to 15% over 2018-2020 from 11% growth over the last three years, he tells investors. In the group, the firm has Overweight ratings on Visa (V), MasterCard (MA), PayPal (PYPL), GreenSky (GSKY), Worldpay (WP) and FleetCor (FLT). Morgan Stanley has Underweight ratings on Western Union (WU) and On Deck Capital (ONDK), having downgraded On Deck this morning.
07/19/18
07/19/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. NEEDHAM CUTS TESLA TO UNDERPERFORM: Needham analyst Rajvindra Gill downgraded Tesla (TSLA) to Underperform from Hold, stating the stock remains overvalued in spite of its 16% decline from the the June 2017 peak. The analyst cited expectations of slower Model S/X sales amid increased competition and possible cannibalization from the Model 3, the expiration of credits, slower gross margins improvement with "persistently high" production costs, lower energy segment revenue after recent restructuring, and Tesla's "unsustainable capital structure." Tesla is down 1.9% in midday trading. CREDIT SUISSE UPGRADES SQUARE: Credit Suisse analyst Paul Condra upgraded Square (SQ) to Outperform from Neutral, saying he believes its growing product eco-system is increasing its ability to penetrate larger merchants. He also said positive data points on Cash-App adoption validate Square's two-sided platform strategy to grow both merchant and consumer use-cases. The analyst also raised his price target on the shares to $81 from $44. MORGAN STANLEY UPS SQUARE TARGET: Morgan Stanley analyst James Faucette sees good potential for upward estimate revisions for Square in the near-term and raised his price target on the stock to $75 from $43. However, Faucette kept an Equal Weight rating on Square, calling its valuation "demanding" and citing his continued view that new services are misvalued. Square is higher by 3.5% at midday. MORGAN STANLEY DOWNGRADES LENDINGCLUB, ON DECK: Morgan Stanley's Faucette downgraded LendingClub (LC) to Equal Weight from Overweight as he thinks the previously disclosed FTC investigation into the company's lending practices will be a drag on new investor interest and involvement in the stock until it is resolved. Faucette lowered his price target on LendingClub shares to $5 from $6. Faucette downgraded On Deck Capital (ONDK) to Underweight from Equal Weight, stating that he sees the company needing a long time to meaningfully scale the "OnDeck-as-a-Service," which he believes will limit the stock's potential for valuation expansion above small-to-mid cap banks. Also, Faucette sees limited upside potential to origination growth estimates given the company's preference for delivering profitability versus growth, he tells investors. PIPER POSITIVE ON CISCO AND ARISTA, CALLS AMAZON FEARS OVERBLOWN: Amazon (AMZN) is not entering the network switching market as speculated on July 13, Piper Jaffray analyst James Fish told investors in a research note. The confirmation by Amazon removes the potential shadow of Amazon on the space. The analyst continued to recommend Cisco (CSCO) and Arista (ANET) as his top networking picks.

TODAY'S FREE FLY STORIES

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06/26/19
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General news
U.S. MBA reported mortgage applications bounced 1.3% »

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UPWK

Upwork

$15.07

-0.41 (-2.65%)

, FVRR

Fiverr

$29.00

-0.2 (-0.68%)

07:44
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Upwork, Fiverr rating change  »

Upwork upgraded to Buy…

UPWK

Upwork

$15.07

-0.41 (-2.65%)

FVRR

Fiverr

$29.00

-0.2 (-0.68%)

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LINX

Linx S.A.

$0.00

(0.00%)

07:41
06/26/19
06/26
07:41
06/26/19
07:41
Syndicate
Linx S.A. 32.8M share IPO priced at $9.40 »

We are told the official…

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07:40
06/26/19
06/26
07:40
06/26/19
07:40
General news
Treasury Market Outlook: Treasury yields jumped higher »

Treasury Market Outlook:…

BBRX

Braeburn Pharmaceuticals

$0.00

(0.00%)

07:38
06/26/19
06/26
07:38
06/26/19
07:38
Initiation
Braeburn Pharmaceuticals initiated  »

Braeburn Pharmaceuticals…

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FISV

Fiserv

$90.27

-0.53 (-0.58%)

07:38
06/26/19
06/26
07:38
06/26/19
07:38
Upgrade
Fiserv rating change  »

Fiserv upgraded to Buy…

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EVSI

Envision Solar

$5.11

-0.22 (-4.13%)

07:38
06/26/19
06/26
07:38
06/26/19
07:38
Initiation
Envision Solar initiated  »

Envision Solar initiated…

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KDMN

Kadmon

$1.66

-0.05 (-2.93%)

07:37
06/26/19
06/26
07:37
06/26/19
07:37
Initiation
Kadmon initiated  »

Oppenheimer bullish on…

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NVCR

Novocure

$57.44

-0.58 (-1.00%)

07:37
06/26/19
06/26
07:37
06/26/19
07:37
Hot Stocks
Novocure announces publication of IQWiG rapid report for Optune »

Novocure announced that…

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CSTR

CapStar Financial

$15.01

0.05 (0.33%)

07:37
06/26/19
06/26
07:37
06/26/19
07:37
Downgrade
CapStar Financial rating change  »

CapStar Financial…

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PCRX

Pacira

$43.53

0.39 (0.90%)

07:35
06/26/19
06/26
07:35
06/26/19
07:35
Hot Stocks
Pacira says results show EXPAREL associated with 'significantly less' opioid use »

Pacira BioSciences…

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ODT

Odonate Therapeutics

$28.14

-0.29 (-1.02%)

07:35
06/26/19
06/26
07:35
06/26/19
07:35
Syndicate
Odonate Therapeutics 4.75M share Spot Secondary priced at $26.00 »

The deal size was…

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  • 22

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X

U.S. Steel

$14.93

0.48 (3.32%)

07:35
06/26/19
06/26
07:35
06/26/19
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

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EGO

Eldorado Gold

$5.46

-0.02 (-0.36%)

07:34
06/26/19
06/26
07:34
06/26/19
07:34
Upgrade
Eldorado Gold rating change  »

Eldorado Gold upgraded to…

03/08/13
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03/06/13
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XON

Intrexon

$7.34

0.17 (2.37%)

07:33
06/26/19
06/26
07:33
06/26/19
07:33
Hot Stocks
Intrexon doses first patient in Phase 1/1b study of Acute Myeloid Leukemia drug »

Intrexon's…

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BOSC

B.O.S. Better Online

$2.73

(0.00%)

07:33
06/26/19
06/26
07:33
06/26/19
07:33
Hot Stocks
B.O.S. Better Online receives $870,000 order for robotic system »

B.O.S Better Online…

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PRIM

Primoris

$19.57

0.32 (1.66%)

07:32
06/26/19
06/26
07:32
06/26/19
07:32
Hot Stocks
Primoris announces heavy civil award valued over $24M »

Primoris Services…

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MSFT

Microsoft

$133.43

-4.37 (-3.17%)

, AMZN

Amazon.com

$1,879.26

-34.17 (-1.79%)

07:31
06/26/19
06/26
07:31
06/26/19
07:31
Recommendations
Microsoft, Amazon.com, Oracle analyst commentary at Wedbush »

Pentagon JEDI contract to…

MSFT

Microsoft

$133.43

-4.37 (-3.17%)

AMZN

Amazon.com

$1,879.26

-34.17 (-1.79%)

ORCL

Oracle

$56.07

-0.65 (-1.15%)

03/08/13
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  • 09

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    Aug

EXTR

Extreme Networks

$5.73

0.08 (1.42%)

07:30
06/26/19
06/26
07:30
06/26/19
07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

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  • 26

    Jun

DNLI

Denali Therapeutics

$20.22

0.56 (2.85%)

07:29
06/26/19
06/26
07:29
06/26/19
07:29
Initiation
Denali Therapeutics initiated  »

Denali Therapeutics…

03/08/13
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CRCM

Care.com

$14.13

0.21 (1.51%)

07:28
06/26/19
06/26
07:28
06/26/19
07:28
Recommendations
Care.com analyst commentary  »

Care.com CFO resignation…

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CRCM

Care.com

$14.13

0.21 (1.51%)

07:28
06/26/19
06/26
07:28
06/26/19
07:28
Downgrade
Care.com rating change  »

Care.com downgraded to…

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LEN

Lennar

$48.24

-3.17 (-6.17%)

07:27
06/26/19
06/26
07:27
06/26/19
07:27
Recommendations
Lennar analyst commentary  »

Lennar selloff appears…

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  • 27

    Jun

  • 28

    Jun

MU

Micron

$32.71

-0.47 (-1.42%)

07:27
06/26/19
06/26
07:27
06/26/19
07:27
Upgrade
Micron rating change  »

Micron upgraded to Buy…

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  • 09

    Jul

AVAV

AeroVironment

07:27
06/26/19
06/26
07:27
06/26/19
07:27
Recommendations
AeroVironment analyst commentary  »

AeroVironment price…

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