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FB

Facebook

$165.40

2.5 (1.53%)

09:27
09/25/18
09/25
09:27
09/25/18
09:27

Technical Take: Facebook falls on Instagram co-founder departures

Shares were last down over 2% to $161.98 at time of writing. At that price next support is at $161.10 and then at $160.53. Resistance is at $163.04.

  • 28

    Oct

  • 07

    Nov

FB Facebook
$165.40

2.5 (1.53%)

09/18/18
09/18/18
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. JPMORGAN CUTS ESTIMATES, PRICE TARGET ON FACEBOOK: JPMorgan analyst Doug Anmuth lowered his 2019 and 2020 earnings estimates for Facebook (FB) by 5%-6% on the company's bigger investment increases over the next couple years, which he does not believe are fully captured in consensus estimates. Even with Facebook suggesting it could reach mid-30% operating margins in a few or several years, investments in 2019 could be larger than anticipated in consensus estimates, Anmuth said. The analyst also cut his price target for the shares to $195 from $205. However, he kept an Overweight rating on Facebook. PIVOTAL CUTS DISCOVERY TO SELL: Pivotal Research analyst Brian Wieser downgraded Discovery (DISCA) to Sell with an unchanged price target of $26. Despite "tepid" earnings and "underwhelming" longer-term trends, the stock is up 20% over the past month, Wieser noted. While Discovery's agreements with Hulu and Sling are positive, they do not meaningfully alter the company's fundamentals, the analyst added. His price target implies 19% downside from current share levels. MIZUHO BOOSTS AMD PRICE TARGET: Mizuho analyst Vijay Rakesh raised his price target for AMD (AMD) to $36 from $20 after meeting PC supply chain companies in Asia. AMD's expected server EPYC shipment spike in Q4 will be key, as Intel (INTC) continues to lack a CEO and a competitive technology response to AMD's 12nm Ryzen and 7nm Vega launch, Rakesh said. The analyst, who admits there could be "near-term bumps," kept a Buy rating on shares of AMD. CANACCORD SAYS KAPERNICK AD HAS 'OVERWHELMING' SUPPORT: Canaccord analyst Camilo Lyon conducted a proprietary survey to assess the impact of Nike's (NKE) "Just Do It" ad featuring former NFL quarterback Colin Kapernick. The findings suggest the impact was overall positive and he expects the company to confirm that when it reports Q1 results next week. He believes the ad has had the intended effect of positively skewing the company's brand perception and likely provided a bump in sales. Lyon reiterated his Buy rating and $95 price target on Nike shares. PIPER, WILLIAM BLAIR DEFEND NUTANIX: Nutanix (NTNX) shares dropped 11.5% Monday due to an article from The Information citing a potential competitive hyperconverged infrastructure offering from Google (GOOG, GOOGL), but Piper Jaffray analyst Andrew Nowinski views the selling pressure as "excessive" and reiterates an Overweight rating on Nutanix with a $66 price target. William Blair analyst Jason Ader called the fear of competition from Google "overblown" and reiterated an Outperform rating on Nutanix.
09/25/18
NOMU
09/25/18
NO CHANGE
Target $125
NOMU
Buy
Square price target raised to $125 from $86 at Nomura Instinet
Nomura Instinet analyst Dan Dolev raised his price target for Square (SQ) to $125 from $86 and keeps a Buy rating on the shares. The stock closed yesterday up 75c to $86.04. The analyst's analysis of Square's fundamentals indicates "buoyant" gross payment volume, revenue and marketing efficacy trends. The company's "fully cohesive solutions and rapid rate of innovation" suggest that it is en route to disrupt the global payments ecosystem, Dolev tells investors in a research note titled "Improving Momentum Means $125 Is Within Reach." He believes this is similar to the FANG stocks, or Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Google (GOOG, GOOGL), that have "disrupted traditional markets with massive" global total addressable markets. Further, Dolev believes shares of Square are not too expensive when taking into account its "stellar" 45% expected three-year annual revenue growth, which he thinks "makes it screen more attractively than many payment peers and FANG stocks."
09/25/18
BARD
09/25/18
NO CHANGE
Target $195
BARD
Outperform
Facebook survey suggests stabilizing user engagement, says Baird
Baird analyst Colin Sebastian said his latest social media survey suggests stabilizing user engagement on the core Facebook app, following a period of declines. If accurate, the survey suggests concerns over an engagement and monetization-related slowdown may already be reflected in the shares. He also said Q3 estimates embed reasonable expectations for user growth. Sebastian reiterated his Outperform rating and $195 price target on Facebook shares.
09/25/18
JPMS
09/25/18
NO CHANGE
JPMS
Overweight
JPMorgan sees 'meaningful pressure' on Facebook shares from Instagram departures
JPMorgan analyst Doug Anmuth says the "surprising" departure of Instagram co-founders Kevin Systrom and Mike Krieger is concerning and likely to put "meaningful pressure" on shares of Facebook (FB) in the near-term. The analyst believes Instagram has been a strong growth driver for Facebook and has played a critical role in retaining younger users within the company's group of platforms and in competing with Snap (SNAP). While the exact rationale for the co-founders' departure is unclear, various press reports suggest it is related to Facebook management recently exerting more control over Instagram, Anmuth tells investors in a research note. The analyst has an Overweight rating on Facebook. The stock in premarket trading is down 2%, or $3.71, to $161.70.

TODAY'S FREE FLY STORIES

UBER

Uber

$41.40

0.94 (2.32%)

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APTO

Aptose Biosciences

$2.01

0.03 (1.52%)

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Aptose Biosciences files for $40M at-the-market common stock offering »

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TRNX

Taronis Technologies

$0.48

0.004 (0.84%)

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:25
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AAPL

Apple

$179.03

-0.64 (-0.36%)

17:22
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Apple sued over allegedly selling users' iTunes data, Bloomberg says »

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  • 03

    Jun

SPCB

SuperCom

$1.17

-0.005 (-0.43%)

17:21
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SuperCom discloses Nasdaq notice regarding delayed 20-F filing »

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:20
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U.S. Energy receives noncompliance notice from Nasdaq »

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

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Breaking Syndicate news story on Myovant Sciences »

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

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NVS

Novartis

$87.49

3.03 (3.59%)

, QGEN

Qiagen

$38.22

-0.255 (-0.66%)

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Qiagen launches diagnostic for PIK3CA biomarkers in breast cancer »

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NVS

Novartis

$87.49

3.03 (3.59%)

QGEN

Qiagen

$38.22

-0.255 (-0.66%)

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  • 24

    May

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  • 20

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AVH

Avianca

$3.96

0.91 (29.84%)

16:56
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Periodicals
ANAC suspends flights, operations of Avianca Brasil, Reuters reports »

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AAPL

Apple

$179.03

-0.64 (-0.36%)

16:53
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Periodicals
Apple acquires startup Tueo Health, CNBC reports »

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  • 03

    Jun

SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

16:52
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Breaking Syndicate news story on SharpSpring »

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  • 13

    Jun

CREG

China Recycling Energy

$0.48

0.005 (1.05%)

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Breaking Syndicate news story on China Recycling Energy »

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FENC

Fennec

$3.88

(0.00%)

16:36
05/24/19
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16:36
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Conference/Events
Fennec management to meet with Wedbush »

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  • 29

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TD

Toronto-Dominion

$56.66

0.65 (1.16%)

16:35
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16:30
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Options
Preliminary option volume of 15.7M today »

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CBUS

Cibus

$0.00

(0.00%)

16:25
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Cibus requests withdrawal of registration statement »

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BA

Boeing

$355.14

4.57 (1.30%)

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Boeing 737 MAX return delayed by FAA expanding review, WSJ reports »

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FB

Facebook

$181.03

0.14 (0.08%)

, BA

Boeing

$355.14

4.57 (1.30%)

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On The Fly
Fly Intel: Wall Street's top stories for Friday »

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FB

Facebook

$181.03

0.14 (0.08%)

BA

Boeing

$355.14

4.57 (1.30%)

UAL

United Continental

$80.77

-0.14 (-0.17%)

SMI

SMIC

$5.23

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HPQ

HP Inc.

$20.03

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HPE

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$14.36

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NVS

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CNC

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WCG

WellCare

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TSS

TSYS

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GPN

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HIBB

Hibbett Sports

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DVAX

Dynavax

$5.77

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FL

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$44.39

-8.455 (-16.00%)

SPLK

Splunk

$119.13

-9.55 (-7.42%)

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Options
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
05/24/19
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16:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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Technical Analysis
NYSE market internals summary »

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RHE

Regional Health Properties

$2.06

0.09 (4.57%)

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TBIO

Translate Bio

$9.12

-0.09 (-0.98%)

16:14
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Breaking Syndicate news story on Translate Bio »

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  • 18

    Jun

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