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SQ

Square

$72.37

1.79 (2.54%)

, PYPL

PayPal

$87.03

(0.00%)

07:53
08/14/18
08/14
07:53
08/14/18
07:53

Square Cash App surpassed PayPal's Venmo for first time in July, says Nomura

Nomura Instinet analyst Dan Dolev raised his price target for Square (SQ) to $86 from $82 after his firm's July payments app tracker showed cumulative Square Cash App downloads surpassed PayPal's (PYPL) Venmo for the first time. Cash App downloads in July of 33.5M marked the highest monthly addition on record, Dolev tells investors in a research note. The analyst says the Square Cash App is growing three times faster than Venmo. He keeps a Buy rating on Square shares.

SQ

Square

$72.37

1.79 (2.54%)

PYPL

PayPal

$87.03

(0.00%)

  • 14

    Aug

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    Aug

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    Aug

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    Aug

  • 12

    Sep

SQ Square
$72.37

1.79 (2.54%)

08/06/18
08/06/18
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. INTERCEPT DOUBLE UPGRADED AT GOLDMAN: Goldman Sachs analyst Salveen Richter double upgraded Intercept Pharmaceuticals (ICPT) to Buy from Sell and raised his price target for the shares to $157 from $46. The analyst said Ocaliva in fatty liver disease nonalcoholic steatohepatitis is the crux of Intercept's value proposition and that he's positive into the Phase 3 Regenerate interim readout in the first half of 2019. Intercept should benefit from Ocaliva's global first-mover advantage in NASH, Richter said. In late morning trading, Intercept shares are up 12%. BUCKINGHAM UPGRADES SQUARE TO BUY: Buckingham upgraded Square (SQ) to Buy from Neutral and raised its price target to $85 from $65. Analyst Chris Brendler said the strong Q2 results reduced his concerns about high valuation and competition and said there is no reason why Square will not continue to report better then expected core revenue growth into 2020. Brendler said long-run adjusted EBITDA margins of 40%-50% justify a higher valuation. PIPER CUTS ACADIA TO NEUTRAL: Piper Jaffray analyst Danielle Brill downgraded Acadia Pharmaceuticals (ACAD) to Neutral from Overweight and cut her firm's price target on shares to $19 from $61 after taking over coverage of the name. The recent negative headlines related to potential Nuplazid safety issues will continue to weigh on sales and the shares for the foreseeable future, Brill said. Further, the analyst does not have a high level of conviction for positive data from Acadia's near-term catalysts, namely the Phase 2 major depressive disorder data in September and the Phase 2 negative schizophrenia symptoms readout in the first half of 2019. BARCLAYS CUTS INTEL TO EQUAL WEIGHT: Barclays analyst Blayne Curtis downgraded Intel (INTC) to Equal Weight from Overweight and cut his price target for the shares to $53 from $62. The analyst believes upside in the shares will be challenging until the company's margins bottom. JEFFERIES SAYS OHIO INCIDENT NOT A RISK TO CHIPOTLE TRAFFIC: After analyzing digital engagement with the brand from last week and compared to the Virginia incident last July, Jefferies analyst Andy Barish does not believe the illnesses at the Ohio restaurant put Chipotle Mexican Grill's (CMG) traffic trends at risk. The analyst believes Chipotle's procedures were followed in Ohio, the number of cases was not substantiated, and the company did a better job controlling the narrative and taking action. Barish kept a Buy rating on Chipotle shares with a $550 price target.
08/06/18
08/06/18
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. Comcast (CMCSA) upgraded to Overweight from Neutral at Atlantic Equities with analyst Hamilton Faber saying he believes "the bulk of the M&A storm" has passed. 2. Qualcomm (QCOM) upgraded to Outperform from Market Perform at Cowen with analyst Matthew Ramsay citing the company's $30B buyback and saying he believes the shares offer a compelling risk/reward with effects of lower spending, solid customer performance, and potential QTL resolutions. 3. Square (SQ) upgraded to Buy from Neutral at Buckingham with analyst Chris Brendler saying the Q2 strong results reduced his concerns about high valuation and competition and said there is no reason why Square will not continue to report better-then-expected core revenue growth into 2020. 4. Parker-Hannifin (PH) upgraded to Outperform from In Line at Evercore ISI with analyst David Raso saying the company's recent operational struggles are behind it with this quarters report and views 2019 guidance as conservative. 5. Intercept (ICPT) upgraded to Buy from Sell at Goldman Sachs with analyst Salveen Richter saying Ocaliva in fatty liver disease nonalcoholic steatohepatitis is the crux of Intercept's value proposition and that he's positive into the Phase 3 Regenerate interim readout in the first half of 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/06/18
BUCK
08/06/18
UPGRADE
Target $42
BUCK
Buy
Square upgraded to Buy on revenue acceleration at Buckingham
As previously reported, Buckingham upgraded Square to Buy from Neutral and raised its price target to $85 from $65. Analyst Chris Brendler said the Q2 strong results reduced his concerns about high valuation and competition and said there is no reason why Square will not continue to report better-then-expected core revenue growth into 2020. Brendler said long-run adjusted EBITDA margins of 40-50% justify a higher valuation.
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
PYPL PayPal
$87.03

(0.00%)

07/27/18
RHCO
07/27/18
NO CHANGE
Target $240
RHCO
Buy
MasterCard price target raised to $240 from $215 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on MasterCard to $240 and kept his Buy rating, saying the company is demonstrating expansion of global market share while posting a 14% Q2 volume growth. The analyst adds that while MasterCard has a higher valuation than PayPal (PYPL) and Visa (V) - a 10% relative EBITDA premium - it is justified and may even be too narrow given its superior growth sustainability and margin upside.
07/26/18
CHLM
07/26/18
NO CHANGE
Target $100
CHLM
Buy
PayPal price target raised to $100 from $93 at Craig-Hallum
Craig-Hallum analyst Bradley Berning raised his price target for PayPal to $100 from $93, while reiterating a Buy rating on the shares. While the stock was weak after hours on concerns over "quality of beat," the seasonally slower new account quarter, and dilution to 2019 from recent acquisitions, the analyst believes investors should use this opportunity to buy the stock.
07/26/18
BARD
07/26/18
NO CHANGE
Target $96
BARD
Outperform
PayPal price target raised to $96 from $88 at Baird
Baird analyst Colin Sebastian raised his price target on PayPal to $96 from $88 following Q2 results. The analyst said the results are another validation of the company's "open platform" and consumer focused strategy to generate meaningful revenue and earnings growth. He also sees market shares gains in digital payments largely through M&A activity. Sebastian reiterated his Outperform rating on PayPal shares.
07/26/18
OPCO
07/26/18
NO CHANGE
Target $95
OPCO
Outperform
PayPal price target raised to $95 from $90 at Oppenheimer
Oppenheimer analyst Glenn Greene raised his price target for PayPal to $95 from $90 after the company delivered an in-line quarter but raised guidance. The analyst reiterates an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

NWL

Newell Brands

$14.28

-0.12 (-0.83%)

14:35
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14:35
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Newell Brands put volume heavy and directionally bearish »

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ALGN

Align Technology

$298.21

7.43 (2.56%)

14:21
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Align Technology short report posted to Tilson's Empire Financial Research site »

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PYPL

PayPal

$107.00

0.22 (0.21%)

14:20
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04/23
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14:20
Options
Call writing in Paypal ahead of earnings »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
04/23/19
04/23
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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NYSE market internals summary »

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HOG

Harley-Davidson

$39.54

-0.17 (-0.43%)

14:12
04/23/19
04/23
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14:12
On The Fly
Trump Effect: Harley points to tariff impact as Trump vows to 'reciprocate' »

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AG

First Majestic

$5.99

0.105 (1.78%)

14:05
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14:05
Options
First Majestic call volume above normal and directionally bullish »

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F

Ford

$9.45

0.105 (1.12%)

, AMZN

Amazon.com

$1,926.80

38.7 (2.05%)

14:02
04/23/19
04/23
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14:02
Hot Stocks
Ford, Autonomic announce multi-year, global agreement with Amazon Web Services »

Ford Motor (F) and…

F

Ford

$9.45

0.105 (1.12%)

AMZN

Amazon.com

$1,926.80

38.7 (2.05%)

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F

Ford

$9.46

0.115 (1.23%)

, AMZN

Amazon.com

$1,926.53

38.43 (2.04%)

14:01
04/23/19
04/23
14:01
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14:01
Hot Stocks
Breaking Hot Stocks news story on Ford, Amazon.com »

Ford, Autonomic announce…

F

Ford

$9.46

0.115 (1.23%)

AMZN

Amazon.com

$1,926.53

38.43 (2.04%)

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TWTR

Twitter

$39.82

5.43 (15.79%)

13:59
04/23/19
04/23
13:59
04/23/19
13:59
Recommendations
Twitter analyst commentary at Baird »

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ADNT

Adient

$25.11

-0.43 (-1.68%)

13:55
04/23/19
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13:55
04/23/19
13:55
Options
Adient put volume heavy and directionally bearish »

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TNXP

Tonix Pharmaceuticals

$2.29

-0.035 (-1.51%)

13:54
04/23/19
04/23
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13:54
Hot Stocks
Tonix Pharmaceuticals says USAMMDA exercising right to terminate CRADA »

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TNXP

Tonix Pharmaceuticals

$2.29

-0.035 (-1.51%)

13:52
04/23/19
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13:52
Hot Stocks
Breaking Hot Stocks news story on Tonix Pharmaceuticals »

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AGN

Allergan

$142.87

2.6 (1.85%)

, TEVA

Teva

$15.14

0.435 (2.96%)

13:50
04/23/19
04/23
13:50
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13:50
Conference/Events
Piper Jaffray specialty pharma analysts to hold analyst/industry conference call »

Specialty Pharmaceuticals…

AGN

Allergan

$142.87

2.6 (1.85%)

TEVA

Teva

$15.14

0.435 (2.96%)

ALDR

Alder Biopharmaceuticals

$13.55

0.78 (6.11%)

AMGN

Amgen

$180.01

3.81 (2.16%)

BHVN

Biohaven Pharmaceutical

$63.34

2.39 (3.92%)

LLY

Eli Lilly

$117.60

2.16 (1.87%)

03/08/13
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TWTR

Twitter

$39.95

5.56 (16.17%)

13:44
04/23/19
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13:44
Recommendations
RBC 'more constructive' on Twitter post results, boosts price target to $38 »

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BRFS

BRF S.A.

$7.54

0.44 (6.20%)

13:40
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13:40
Options
Renewed call buying in BRF SA as shares rally 6.5% »

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PW

Power REIT

$5.74

-0.075 (-1.29%)

13:39
04/23/19
04/23
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Hot Stocks
Cascadilla Capital Partners urges sale or liquidation of Power REIT »

Todd Merkle, Managing…

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PHM

PulteGroup

$31.44

1.21 (4.00%)

13:36
04/23/19
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13:36
Recommendations
PulteGroup analyst commentary  »

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MBRX

Moleculin Biotech

$1.60

-1.37 (-46.13%)

13:35
04/23/19
04/23
13:35
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13:35
Hot Stocks
Sabby Management reports 7.14% passive stake in Moleculin Biotech »

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LMT

Lockheed Martin

$336.62

21.38 (6.78%)

13:31
04/23/19
04/23
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13:31
Hot Stocks
Lockheed Martin receives $362M contract for MLRS launchers »

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13:30
04/23/19
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13:30
General news
Treasury Action: yields remain lower after a well received 2-year auction »

Treasury Action: yields…

TCEHY

Tencent

$0.00

(0.00%)

, KKR

KKR

$23.76

0.33 (1.41%)

13:28
04/23/19
04/23
13:28
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13:28
Periodicals
Epic workers describe 'Fortnite' working environment as toxic, Polygon says »

Current and former…

TCEHY

Tencent

$0.00

(0.00%)

KKR

KKR

$23.76

0.33 (1.41%)

DIS

Disney

$133.00

1.3 (0.99%)

03/08/13
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TSLA

Tesla

$264.55

1.65 (0.63%)

13:26
04/23/19
04/23
13:26
04/23/19
13:26
Hot Stocks
Tesla electric vehicle challenger Lucid Motors appoints Peter Rawlinson as CEO »

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PAGS

PagSeguro Digital

$26.03

0.375 (1.46%)

13:25
04/23/19
04/23
13:25
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13:25
Options
PagSeguro Digital call volume above normal and directionally bullish »

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ADBE

Adobe

$276.37

4.14 (1.52%)

, CRM

Salesforce

$160.44

1.69 (1.06%)

13:25
04/23/19
04/23
13:25
04/23/19
13:25
Conference/Events
Stephens eCommerce analysts to hold an analyst/industry conference call »

Analysts provide an…

ADBE

Adobe

$276.37

4.14 (1.52%)

CRM

Salesforce

$160.44

1.69 (1.06%)

SHOP

Shopify

$223.04

-1.28 (-0.57%)

SAP

SAP

$114.13

0.36 (0.32%)

03/08/13
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