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SPOT

Spotify

$160.04

7.71 (5.06%)

09:47
10/12/18
10/12
09:47
10/12/18
09:47

Spotify upgraded to Buy from Hold at Pivotal Research

  • 01

    Nov

SPOT Spotify
$160.04

7.71 (5.06%)

10/09/18
MKMP
10/09/18
NO CHANGE
Target $245
MKMP
Buy
Spotify has several parallels similar to Netflix, says MKM Partners
MKM Partners analyst Rob Sanderson kept his Buy rating and $245 price target on Spotify (SPOT), saying that while the company has some "major differences" relative to Netflix (NFLX), it also has some important parallels. The analyst cites "limited" content exclusivity in online music streaming services and little overlap in subscriber bases, along with less fixed-cost leverage. However, Sanderson points to the music industry ecosystem undergoing a similarly significant change where distribution "defines content monetization models". The analyst is positive on Spotify's "strong early position" and its "data story" defined by user engagement as it looks to expand its influence in the industry. Sanderson also believes that the company offers a music platform that can scale access to millions of users while its "interactive data collection fundamentally changes the content".
09/25/18
RBCM
09/25/18
NO CHANGE
Target $10
RBCM
Outperform
Competing big for Pandora 'unlikely', says RBC Capital
RBC Capital analyst Mark Mahaney kept his Outperform rating and $10 price target on Pandora (P) after yesterday's announcement of a pending acquisition by Sirius (SIRI). The analyst believes that this is a "logical strategic step" based on the potential synergies between the two, with the first having a very strong in-home presence and the latter a very strong in-car presence. Mahaney also sees the $10.14 per share acquisition price as very reasonable and consistent with his own price target derived from 1.5-times multiple of forward price to sales. The analyst further notes that a competing bid from potential other acquirers like Spotify (SPOT), Apple (AAPL), Google (GOOGL), and Amazon (AMZN) is "reasonable unlikely at this point".
09/25/18
RHCO
09/25/18
DOWNGRADE
Target $9.5
RHCO
Hold
Pandora downgraded to Hold from Buy at SunTrust
SunTrust analyst Matthew Thornton downgraded Pandora (P) to Hold from Buy and raised his price target to $9.50 from $8.50 after yesterday's announcement of an acquisition by Sirius XM (SIRI). The analyst says the deal makes sense strategically to merge its "free ad-supported and mobile/digital capabilities" with the latter's position in subscription, in-auto, and non-music content, but also contends that its valuation is "underwhelming" at just 18% premium to Friday's close. Thornton believes that another suitor, such as Spotify (SPOT), may emerge during the go-shop period.
08/27/18
RBCM
08/27/18
NO CHANGE
Target $225
RBCM
Outperform
Apple unlikely to be hit by apps' potential bypass of fees, says RBC Capital
RBC Capital analyst Amit Daryanani writes that Netflix (NFLX) is testing an "experimental feature" that would allow its users to bypass Apple (AAPL) signup fees in certain international markets - a tactic already used by Spotify (SPOT) - which could lead to Apple being cut out of its 30% initial /15% renewal cut of the fees. The analyst notes however that the AppStore prohitibs apps from implementing alternate payment mechanisms, and even if the apps bypass was successful, "most users of Netflix and other apps have already signed up in past through App Store and Apple would continue to collect payments on that large user base." Daryanani keeps his Outperform rating and $225 price target on Apple.

TODAY'S FREE FLY STORIES

BXG

Bluegreen Vacations

$14.47

0.55 (3.95%)

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SM

SM Energy

$16.88

-0.13 (-0.76%)

17:57
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AN

AutoNation

$37.22

-1.15 (-3.00%)

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TSLA

Tesla

$294.60

3.42 (1.17%)

, NSANY

Nissan

$0.00

(0.00%)

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Tesla

$294.60

3.42 (1.17%)

NSANY

Nissan

$0.00

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FSFG

First Savings Financial Group

$51.33

0.22 (0.43%)

17:31
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First Savings Financial raises quarterly dividend to 16c per share from 15c »

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MSFT

Microsoft

$110.97

1.5 (1.37%)

17:31
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Periodicals
Employees demand Microsoft cancel $480M U.S. Army contract, Reuters says »

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  • 25

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    Mar

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    Mar

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    Mar

ENT

Global Eagle

$2.66

(0.00%)

17:23
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Global Eagle to cut workforce by roughly 15% »

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17:15
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Breaking General news story  »

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NOC

Northrop Grumman

$288.84

2.54 (0.89%)

17:13
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Northrop Grumman exec Kalan sells 4,312 common shares »

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LYB

LyondellBasell

$89.14

0.63 (0.71%)

17:07
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17:07
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Breaking Syndicate news story on LyondellBasell »

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TCCO

Technical Comm Corp

$2.76

0.17 (6.56%)

17:06
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Technical Comm Corp to submit plan to regain compliance with Nasdaq by March 4 »

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INFU

InfuSystem

$4.15

0.04 (0.97%)

17:01
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KALU

Kaiser Aluminum

$108.22

-1.9 (-1.73%)

17:01
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Kaiser Aluminum names Neal West as new CFO »

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ALDR

Alder Biopharmaceuticals

$14.35

0.19 (1.34%)

17:00
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Hot Stocks
Alder Biopharmaceuticals submits eptinezumab BLA to FDA »

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  • 25

    Feb

RF

Regions Financial

$16.24

-0.01 (-0.06%)

16:59
02/22/19
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Breaking Syndicate news story on Regions Financial »

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  • 27

    Feb

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    Feb

HL

Hecla Mining

$2.59

-0.145 (-5.31%)

16:58
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Breaking Syndicate news story on Hecla Mining »

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BMY

Bristol-Myers

$50.99

0.84 (1.68%)

, CELG

Celgene

$89.15

0.54 (0.61%)

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Bristol-Myers files proxy statement in connection with proposed Celgene merger »

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BMY

Bristol-Myers

$50.99

0.84 (1.68%)

CELG

Celgene

$89.15

0.54 (0.61%)

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    May

TEN

Tenneco

$36.29

0.76 (2.14%)

16:48
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Earnings
Tenneco sees FY19 revenue growth up 4%-5%, consensus $4.65B »

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  • 25

    Feb

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TEN

Tenneco

$36.29

0.76 (2.14%)

16:46
02/22/19
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Earnings
Tenneco reports preliminary Q4 revenue $4.3B, consensus $4.3B »

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  • 25

    Feb

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    Feb

XRX

Xerox

$31.50

0.16 (0.51%)

16:44
02/22/19
02/22
16:44
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16:44
Conference/Events
Xerox management to meet with Loop Capital »

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  • 28

    Feb

TWTR

Twitter

$31.70

0.94 (3.06%)

16:38
02/22/19
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16:38
Hot Stocks
Twitter board member Evan Williams to step down at end of month »

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  • 25

    Feb

ALLY

Ally Financial

$26.95

-0.07 (-0.26%)

16:34
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Hot Stocks
Ally Financial CEO sells over 97,000 common shares »

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  • 27

    Feb

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    May

DAL

Delta Air Lines

$51.52

0.04 (0.08%)

16:33
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Delta Air Lines' West sells 36,000 common shares »

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REN

Resolute Energy

$31.61

0.09 (0.29%)

16:30
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Resolute Energy stockholders approve merger with Cimarex Energy »

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  • 22

    Feb

16:30
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Options
Preliminary option volume of 18.8M today »

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