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AMZN

Amazon.com

$1,932.92

5.335 (0.28%)

, ROKU

Roku

$62.99

-1.15 (-1.79%)

08:11
08/29/18
08/29
08:11
08/29/18
08:11

KeyBanc sees plenty of room for both Amazon, Roku given TV advertising TAM size

KeyBanc analyst Evan Wingren notes The Information has reported that Amazon's (AMZN) IMBD subsidiary is working on a free, ad-supported streaming service, which sounds similar to what Roku (ROKU) is doing with The Roku Channel. The analyst says he has long expected this to be part of Amazon's advertising strategy and that it would be announced at some point. Given the size of the TV advertising TAM that has not yet transitioned to streaming, Wingren sees "plenty of room for both companies to operate this strategy" for the foreseeable future and be successful. Overall, the analyst believes Amazon has the potential to create a very compelling value proposition to advertisers with good execution.

AMZN

Amazon.com

$1,932.92

5.335 (0.28%)

ROKU

Roku

$62.99

-1.15 (-1.79%)

  • 29

    Aug

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    Sep

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    Sep

AMZN Amazon.com
$1,932.92

5.335 (0.28%)

08/27/18
PIPR
08/27/18
NO CHANGE
Target $150
PIPR
Overweight
Piper believes advertising revenue could 'ramp significantly' for Wayfair
The "nascent" advertising revenue opportunity at Wayfair (W) could "ramp significantly" over the next two years and become a notable driver to EBITDA, Piper Jaffray analyst Peter Keith tells investors in a research note. Wayfair is currently testing sponsored product ads, and the analyst believes the initiative could roll out more broadly within the next few months. Using Amazon's (AMZN) early success with sponsored ads as a proxy, he estimates Wayfair's ad revenue could drive $100M-$175M of EBITDA by 2020. Keith has not factored advertising revenue into his model, but says advertising success would "significantly increase" the probability of positive EBITDA for Wayfair in the next two years. The analyst reiterates an Overweight rating on the shares with a $150 price target.
08/27/18
MSCO
08/27/18
NO CHANGE
MSCO
Equal Weight
Walmart battle with Amazon set to escalate, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman believes Walmart's (WMT) battle with Amazon (AMZN) is about to intensify and he views its ability to counter Amazon's challenges as the key long-term debate on the stock. He believes Walmart shares are pricing in a continuation of 2-3% comps over the next few years with 40% e-commerce growth and improving e-commerce profitability, but he fears this may not be sustainable. He keeps an Equal Weight rating on Walmart shares, stating that to make him more bullish Walmart needs to show sustained top-line strength in both channels and to become more bearish he'd have to see U.S. EBIT margins contract more than he expects.
08/28/18
WBLR
08/28/18
NO CHANGE
WBLR
Outperform
Amazon upgrading printers to Kornit's new HD technology, says William Blair
Based on information from the Pennsylvania Department of Environmental Protection, William Blair analyst Brian Drab believes Amazon (AMZN) is upgrading Kornit printers that were already installed in its Pennsylvania textile printing facility to Kornit's new high definition print engine and also laying the groundwork to expand the facility from a maximum of 48 machines to 72 machines. In a research note titled "As Far as We Can Tell, Amazon Really Likes Kornit," Drab says Kornit's valuation is attractive given his expectation for about 20% revenue growth and margin driving greater than 30% earnings growth going forward. He points out that Amazon recently applied for two new air-quality permits and also submitted an application to expand capacity at its Pennsylvania facility from 48 printers to 72 printers. This is clearly a step toward upgrading the existing fleet of machines in the Pennsylvania facility to the HD technology Kornit introduced in early 2018, the analyst contends. He believes Amazon's e application for 72 printers is likely to be approved given it is essentially an addendum to previous permits. Drab estimates that an incremental 24 printers would likely generate about $10M in revenue for Kornit. He keeps an Outperform rating on the shares.
08/29/18
MSCO
08/29/18
NO CHANGE
Target $2500
MSCO
Overweight
Amazon price target raised to $2,500 from $1,850 at Morgan Stanley
Morgan Stanley analyst Brian Nowak expressed increasing confidence that Amazon's rapidly growing, high margin revenue streams - namely advertising, AWS, and subscriptions - will drive higher profitability and continue to push up consensus estimates. He has not made any changes to his estimates, but raised his price target on Amazon shares to $2,500 from $1,850 to reflect its improving business mix and his belief that the new target more accurately represents the company's long-term potential earnings power. In his new sum-of-the-parts model, Nowak values core retail at about $625B, values the AWS cloud business at roughly $375B, values Prime subscriber revenue at $100B and values the advertising business at $125B. He maintains an Overweight rating on Amazon shares, which closed yesterday at about $1,933 per share.
ROKU Roku
$62.99

-1.15 (-1.79%)

08/09/18
KEYB
08/09/18
NO CHANGE
Target $67
KEYB
Overweight
Roku price target raised to $67 from $54 at KeyBanc
KeyBanc analyst Evan Wingren raised his price target for Roku to $67 from $54, citing Q2 results and 2H guidance that were above expectations, driven by momentum of the Roku platform. TRC expanding has the potential to drive a large TAM expansion for the platform business that is likely not captured in Roku's valuation from here, he adds. The analyst reiterates an Overweight rating on the shares.
08/09/18
WBLR
08/09/18
NO CHANGE
WBLR
Outperform
Roku shares have additional 20% upside, says William Blair
William Blair analyst Ralph Schackart says that at the post-earnings share price of $51, Roku shares have additional upside around 20%. As the traditional TV ad market transitions in favor of over-the-top and streamed video, Roku is well positioned to take advantage, Schackart tells investors in a post-earnings research note. He believes the Roku Channel is making "significant progress" and keeps an Outperform rating on the shares.
08/10/18
DADA
08/10/18
NO CHANGE
Target $44
DADA
Neutral
Roku price target raised to $44 from $32 at DA Davidson
DA Davidson analyst Tom Forte raised his price target on Roku to $44 after its Q2 results, with sales, EPS, and EBITDA all beating expectations. The analyst cites a 57% increase in usage - above his forecast of 50% - along with a 46% increase in active accounts and an average revenue per user increase of 40%. Forte also keeps his Neutral rating on Roku, noting that the current share price likely reflects its long-term growth prospects.
08/28/18
LOOP
08/28/18
NO CHANGE
Target $52
LOOP
Hold
Roku price target raised to $52 from $43 at Loop Capital
Loop Capital analyst Alan Gould raised his price target on Roku to $52 to reflect his higher multiple estimate of 6.5-times his expected 2019 revenues, up from 5.5-times prior forecast. The analyst cites the company's continued market share capture of connected TVs, even though it faces a "substantial potential competition". Gould keeps a Hold rating on Roku, adding that there has recently been a "large amount of insider selling", even though he continues to expect the company to beat its quarterly estimates.

TODAY'S FREE FLY STORIES

PATK

Patrick Industries

$52.09

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HPJ

Highpower International

$3.13

0.03 (0.97%)

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INTC

Intel

$57.59

-1.13 (-1.92%)

08:34
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Intel analyst commentary at Deutsche Bank »

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CVX

Chevron

$117.93

-0.38 (-0.32%)

08:33
04/26/19
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08:33
Earnings
Chevron reports Q1 EPS $1.39, consensus $1.30 »

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PRO

Pros Holdings

$45.06

-0.25 (-0.55%)

08:31
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AKAO

Achaogen

$0.00

(0.00%)

08:30
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Options
One new option listing and one option delisting on April 26th »

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AMZN

Amazon.com

$1,902.53

1.81 (0.10%)

08:29
04/26/19
04/26
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08:29
Recommendations
Amazon.com analyst commentary at Deutsche Bank »

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PRO

Pros Holdings

$45.06

-0.25 (-0.55%)

08:28
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Earnings
ProsHoldings sees Q2 EPS (11c) to (9c), consensus (12c) »

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BC

Brunswick

$48.51

-6.01 (-11.02%)

08:28
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PETX

Aratana Therapeutics

$3.45

0.03 (0.88%)

, ELAN

Elanco

$32.42

0.33 (1.03%)

08:26
04/26/19
04/26
08:26
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08:26
Conference/Events
Elanco Animal Health to hold a conference call »

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PETX

Aratana Therapeutics

$3.45

0.03 (0.88%)

ELAN

Elanco

$32.42

0.33 (1.03%)

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TSLA

Tesla

$247.51

-11.19 (-4.33%)

08:25
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Periodicals
Tesla's Musk, SEC ask for more time again over Twitter controvery, Reuters says »

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GT

Goodyear Tire

$19.56

-0.54 (-2.69%)

08:23
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Hot Stocks
Breaking Hot Stocks news story on Goodyear Tire »

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F

Ford

$9.41

-0.17 (-1.77%)

08:22
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08:22
Periodicals
DOJ opens criminal investigation into Ford, Reuters reports »

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ZFGN

Zafgen

$2.55

0.17 (7.14%)

08:22
04/26/19
04/26
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Initiation
Zafgen initiated  »

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$DJT

DJ Transportation Average

$0.00

(0.00%)

08:20
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DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

$0.00

(0.00%)

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DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

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IYT

iShares Transportation Average

$194.95

-4.58 (-2.30%)

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XLK

Technology Select Sector SPDR

$78.85

-0.03 (-0.04%)

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XLE

Energy Select Sector SPDR

$67.07

-0.23 (-0.34%)

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XLY

Consumer Discretionary Sector SPDR

$119.70

-0.65 (-0.54%)

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Consumer Discretionary Sector SPDR: Pivot points »

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XLB

S&P Select Materials SPDR

$56.60

-0.73 (-1.27%)

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XLU

Utilities SPDR

$58.03

0.245 (0.42%)

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XLP

Consumer Staples Sector SPDR

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XLV

Health Care Select Sector SPDR

$88.19

0.97 (1.11%)

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Technical Analysis
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