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PYPL

PayPal

$90.76

0.17 (0.19%)

12:43
09/23/18
09/23
12:43
09/23/18
12:43

PayPal replaces executive in charge of Venmo, WSJ reports

PayPal is replacing the executive in charge of its popular Venmo service for the second time in two years, as the company is looking to transform it into a money-maker, according to The Wall Street Journal. Amit Jhawar was promoted to the role of general manager of Venmo in August, the company said. Reference Link

  • 26

    Nov

PYPL PayPal
$90.76

0.17 (0.19%)

08/30/18
08/30/18
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. PayPal (PYPL) initiated with a Buy at Berenberg. 2. Akoustis (AKTS) initiated with an Outperform at Oppenheimer. 3. Adverum Biotechnologies (ADVM) initiated with a Buy at SunTrust. 4. Tocagen (TOCA) initiated with a Buy at Chardan. 5. Tandem Diabetes (TNDM) initiated with a Buy at Berenberg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/30/18
08/30/18
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. GUGGENHEIM UPGRADES ARLO TO BUY: Guggenheim upgraded Arlo Technologies (ARLO) to Buy from Neutral and maintained a $26 price target. Analyst Robert Cihra said the recent pullback in shares offers a compelling buying opportunity and the company has a meaningful runway to keep growing. Arlo shares are up 4% in late morning trading. JPMORGAN UPGRADES NUTANIX TO NEUTRAL: JPMorgan analyst Mark Murphy upgraded Nutanix (NTNX) to Neutral from Underweight and raised his price target for the shares to $54 from $39. The analyst's latest round of Nutanix checks and his latest VMware (VMW) survey suggest a "strong demand environment" for hyperconverged infrastructure. Nutanix is the leader in this space, Murphy said. He expects to see a "strong healthy quarter" from Nutanix, especially in terms of bookings. Murphy believes the stock offers a balanced risk/reward at current share levels. BERENBERG INITIATES PAYPAL WITH A BUY: Berenberg analyst Tammy Qiu started PayPal (PYPL) with a Buy rating and $104 price target. Innovators such as PayPal will remain competitive versus new entrants to the payments sector, Qiu said. The analyst views PayPal as a core holding in the payment and fintech space "because it is well positioned to enable financial inclusion via its wide product range." In addition, its two-sided platform, which serves merchants and consumers, makes it unique, Qiu contended. SALESFORCE DEFENDED AFTER EARNINGS, PRICE TARGET RAISED AT MULTIPLE FIRMS: Piper Jaffray analyst Alex Zukin raised his price target for Salesforce (CRM) to $180 from $165, saying the company posted a solid start to the year, with all metrics coming in ahead of consensus in spite of meaningful currency headwinds during the quarter. The analyst recommends using the post-earnings selloff as an opportunity to buy the shares. He sees near-term catalysts from Dreamforce and the company's analyst day, as well as a "strong" federal budget flush in Q3 and the "best IT spending environment in history." Zukin reiterated an Overweight rating on Salesforce shares. Additionally, Jefferies analyst John DiFucci raised his price target for Salesforce to $172 from $168 citing the company's "solid" Q2 results which he says exceeded expectations across the board. The print, however, was perhaps not as strong as the last two quarters, the analyst adds. While billings guidance implies further moderation of new subscription annual contract value in the second half of fiscal 2019, this likely reflects management's "typically prudent approach to guidance," DiFucci contends. He recommends buying Salesforce on any weakness today and keeps a Buy rating on the shares. Salesforce is off earlier lows, and is currently trading down 1.4%.
09/11/18
KEYB
09/11/18
NO CHANGE
Target $105
KEYB
Overweight
PayPal price target raised to $105 from $100 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for PayPal to $105 from $100, while reiterating an Overweight rating on the shares. The analyst believes the Venmo debit card could prove to be a meaningful product launch as it opens up the offline opportunity, offers a clear monetization vehicle for P2P consumers; and could evolve into a "FinApp" with broader financial service capabilities.
09/13/18
RAJA
09/13/18
INITIATION
Target $108
RAJA
Outperform
PayPal resumed with an Outperform at Raymond James
Raymond James resumed coverage on PayPal with an Outperform and $108 price target.

TODAY'S FREE FLY STORIES

ISR

IsoRay

$0.50

0.0191 (3.98%)

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NHS

Neuberger Berman High Yield Strategies Fd

$10.55

-0.015 (-0.14%)

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BIOC

Biocept

$2.27

-0.04 (-1.73%)

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AZO

AutoZone

$726.10

-4.09 (-0.56%)

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  • 29

    Oct

SACH

Sachem Capital

$4.33

0.02 (0.46%)

17:03
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Breaking Syndicate news story on Sachem Capital »

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MRTX

Mirati Therapeutics

$40.04

-1.82 (-4.35%)

16:53
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Conference/Events
Mirati Therapeutics to hold a conference call »

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  • 19

    Oct

SPNE

SeaSpine

$16.58

-0.54 (-3.15%)

16:47
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EPZM

Epizyme

$8.76

-0.04 (-0.45%)

16:46
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16:46
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Conference/Events
Epizyme to hold a conference call »

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  • 19

    Oct

EWI

MSCI Italy Index

$25.52

0.38 (1.51%)

, SPY

SPDR S&P 500 ETF Trust

$276.21

-0.12 (-0.04%)

16:40
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10/19
16:40
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16:40
General news
Breaking General news story on MSCI Italy Index, SPDR S&P 500 ETF Trust, S&P 500 »

Moody's cuts Italy…

EWI

MSCI Italy Index

$25.52

0.38 (1.51%)

SPY

SPDR S&P 500 ETF Trust

$276.21

-0.12 (-0.04%)

SPX

S&P 500

$0.00

(0.00%)

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ASTC

Astrotech

$2.93

-0.02 (-0.68%)

16:39
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10/19
16:39
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Breaking Hot Stocks news story on Astrotech »

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CTMX

CytomX Therapeutics

$15.43

-1.075 (-6.52%)

16:38
10/19/18
10/19
16:38
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Conference/Events
CytomX Therapeutics to host conference call »

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  • 19

    Oct

ICLK

iClick Interactive Asia

$3.41

(0.00%)

16:36
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10/19
16:36
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16:36
Hot Stocks
Breaking Hot Stocks news story on iClick Interactive Asia »

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TGLS

Tecnoglass

$9.72

(0.00%)

16:35
10/19/18
10/19
16:35
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16:35
Syndicate
Breaking Syndicate news story on Tecnoglass »

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  • 07

    Nov

16:30
10/19/18
10/19
16:30
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16:30
Options
Preliminary option volume of 24.7M today »

Preliminary option volume…

OXM

Oxford Industries

$81.36

-1.68 (-2.02%)

16:28
10/19/18
10/19
16:28
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16:28
Conference/Events
Oxford Industries management to meet with Sidoti »

Meeting to be held in the…

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  • 23

    Oct

HELE

Helen of Troy

$120.52

0.31 (0.26%)

16:26
10/19/18
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16:26
Conference/Events
Helen of Troy management to meet with Sidoti »

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  • 22

    Oct

CGA

China Green

$0.74

0.0584 (8.57%)

16:21
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China Green receives NYSE notice regarding late Form 10-K filing »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Options
Closing CBOE SPX and VIX Index summary for October 19th »

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16:20
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16:20
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Conference/Events
Morgan Stanley energy analyst to hold an analyst/industry conference call »

Refining & Canadian…

BMY

Bristol-Myers

$54.31

-1.7 (-3.04%)

16:20
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  • 19

    Oct

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  • 07

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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BNGO

Bionano Genomics

$6.98

0.08 (1.16%)

16:17
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HEP

Holly Energy Partners

$30.73

-0.2 (-0.65%)

16:16
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  • 30

    Oct

SES

Synthesis Energy Systems

$1.70

-0.075 (-4.23%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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NYSE market internals summary »

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