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AMZN

Amazon.com

$1,775.00

11.09 (0.63%)

, GOOG

Alphabet

$1,100.71

4.3 (0.39%)

10:28
10/22/18
10/22
10:28
10/22/18
10:28

Strategy Analytics: Amazon Echo has 23% share of smart speakers in use

According to a major new consumer survey, the most popular smart speaker model in the US is the Amazon Echo (AMZN), which accounts for 23% of all smart speakers in use. Including all its models, Amazon accounts for 63% of smart speakers in use, while Google (GOOG, GOOGL) accounts for 17% and Apple (AAPL) 4%. These findings have been published by Strategy Analytics in its report "Smart Speaker User Survey - US Results". The research also found that there is plenty of opportunity for other smart speaker brands: when asked to name one brand they would choose for their next smart speaker, 54% of users chose either Amazon, Google or Apple, leaving nearly half the market open to competitors. Bose, Samsung and Sonos are the most preferred alternatives to the "big three". The online survey interviewed 1011 users of smart speakers in the US in July/August 2018. The survey also found that 88% of smart speaker homes own at least one Amazon smart speaker, and 31% own at least one Google smart speaker, indicating that many homes are happy to use different voice assistant platforms.

AMZN

Amazon.com

$1,775.00

11.09 (0.63%)

GOOG

Alphabet

$1,100.71

4.3 (0.39%)

GOOGL

Alphabet Class A

$1,109.70

5.04 (0.46%)

AAPL

Apple

$220.91

1.63 (0.74%)

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    Mar

AMZN Amazon.com
$1,775.00

11.09 (0.63%)

10/22/18
FBCO
10/22/18
NO CHANGE
Target $2400
FBCO
Outperform
Amazon.com price target raised to $2,400 from $2,100 at Credit Suisse
Credit Suisse analyst Stephen Ju raised his price target for Amazon to $2,400 from $2,100 as he rolls forward his valuation parameters to end-2019 and recalibrates growth drivers as well as model in incremental Shipping and Fulfillment expenses. The analyst believes Amazon is set to continue to reap Fulfillment and Shipping cost benefits of this current harvest cycle given greater FC throughput with robotics, and better unit economics in its Flex delivery network through rising order density. That said, offsetting some of this will be the recent announcement of a minimum wage increase and proposed USPS fee increase, he contends. Ju reiterates an Outperform rating on the shares.
10/19/18
PIPR
10/19/18
NO CHANGE
PIPR
Piper Jaffray lists 'stocks to own' following tech sector sell-off
Piper Jaffray's tech analysts highlighted their "stocks to own" following the recent sell-off in the technology sector. The firm's top picks across each coverage universe include Amazon.com (AMZN), Broadcom (AVGO), Salesforce (CRM), Finisar (FNSR), Microchip (MCHP), Mellanox (MLNX), ServiceNow (NOW), Nutanix (NTNX), Proofpoint (PFPT), Impinj (PI), Take-Two (TTWO) and Twilio (TWLO).
10/22/18
PIPR
10/22/18
NO CHANGE
Target $2100
PIPR
Overweight
Teen survey shoes Prime adoption 'increased materially,' says Piper Jaffray
Piper Jaffray analyst Michael Olson says his firm's 36th semi-annual survey of 8,600 teens shows improved Amazon.com (AMZN) mindshare and that Prime adoption "once again increased materially." 74% of respondents indicated their family had a Prime membership versus 70% in the spring 2018 survey and 66% in fall 2017, Olson tells investors in a research note. He believes Amazon's "massive scale is crucial, as it makes it very difficult for competitors, such as Walmart (WMT), to change consumer habits." Olson reiterates an Overweight rating on Amazon with a $2,100 price target.
10/22/18
OPCO
10/22/18
NO CHANGE
Target $71
OPCO
Outperform
Omnicell price target raised to $71 from $59 at Oppenheimer
Oppenheimer analyst Mohan Naidu raised his price target for Omnicell (OMCL) to $71 from $59 as his channel checks ahead of Q3 show consistent market share gains in cabinets and steady XT feedback from customers. The analyst expects an in-line Q3, but the timing of XR2 release and implementation could provide upside to Q4. While the core business continues to execute well, investors' attention is slowly shifting toward the MedAdherence segment after Amazon's (AMZN) acquisition of PillPack, but Naidu cautions that numbers upside could be limited from that segment in the near-term. He reiterates an Outperform rating on Omnicell shares.
GOOG Alphabet
$1,100.71

4.3 (0.39%)

10/12/18
WEDB
10/12/18
UPGRADE
Target $6.5
WEDB
Outperform
Fitbit upgraded to Outperform from Neutral at Wedbush
Wedbush analyst Michael Pachter upgraded Fitbit (FIT) to Outperform from Neutral, citing the company's expansion into the healthcare/MedTech vertical. In a research note to investors, Pachter says Fitbit has captured a large share of both the smartwatch and fitness tracker markets, but its watches must compete with Apple's (AAPL) offering. He thinks Fitbit has an "excellent" opportunity ahead with MedTech, particularly in collaboration with Google (GOOG, GOOGL), and believes Fitbit may begin reporting meaningful contribution from MedTech as early as 2019. Pachter also notes that shares have recently pulled back well below his $6.50 price target, providing an opportunity to get involved in the Medtech vertical at a reasonable price.
10/18/18
10/18/18
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. Alphabet (GOOG, GOOGL) initiated with an Outperform at Wedbush. 2. BJ's Wholesale (BJ) initiated with a Perform at Oppenheimer. 3. Comcast (CMCSA) initiated with an Outperform at Evercore ISI. 4. Thomson Reuters (TRI) reinstated with a Neutral at Goldman Sachs. 5. Atomera (ATOM) initiated with a Buy at Roth Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/18
WEDB
10/17/18
INITIATION
Target $1350
WEDB
Outperform
Wedbush starts 'ad king' Alphabet with Outperform, $1,350 price target
Wedbush analyst Michael Pachter initiated coverage of Alphabet (GOOGL) with an Outperform rating and $1,350 price target. In a research note titled "Long Live the Ad King," Pachter says he expects Google to "maintain positive ad momentum" even amidst pressure from Facebook (FB) and Amazon.com (AMZN). The analyst also thinks cost control efforts will drive better than expected Q3 results when Alphabet reports on October 25.
10/12/18
OPCO
10/12/18
NO CHANGE
Target $265
OPCO
Outperform
Baidu price target cut to $265 from $295 at Oppenheimer
Oppenheimer analyst Jason Helfstein reiterated an Outperform rating on Baidu (BIDU) but cut his price target to $265 from $295 citing valuation, higher near-term investments, as well as the firm's recently-lowered price target for Ctrip (CTRP) and the recent downward movement of iQIYI (IQ) shares. In a research note to investors, Helfstein contends that investors' concern around macro/trade war and the risk of Google's (GOOG, GOOGL) re-entrance into China are "overstated," especially the Google piece, due to increased U.S. government scrutiny.
GOOGL Alphabet Class A
$1,109.70

5.04 (0.46%)

10/17/18
WEDB
10/17/18
INITIATION
WEDB
Outperform
Alphabet initiated with an Outperform at Wedbush
10/19/18
FBCO
10/19/18
NO CHANGE
Target $1500
FBCO
Outperform
Alphabet price target raised to $1500 from $1375 at Credit Suisse
Credit Suisse analyst Stephen Ju reiterated an Outperform rating on Alphabet and raised his price target to $1,500 from $1,375 ahead of the company's Q3 results on October 25. Near term, Ju tells investors in a research note that advertiser checks suggest a positive ad budget and spend environment with only modest deceleration for search and ongoing YouTube acceleration. As for Google's proposal to comply with the EU's requirements for Android bundling, Ju does not anticipate a change from the status quo as he expects the majority of handset manufacturers to voluntarily bundle Google's apps versus electing to either lose market share or take on the cost of OS/app development.
AAPL Apple
$220.91

1.63 (0.74%)

10/22/18
BERN
10/22/18
NO CHANGE
BERN
Apple' advertising business rapidly approaching inflection point, says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. notes that due to Apple's strongly-avowed stance on user privacy, investors have generally paid little attention to the company's nascent advertising efforts in recent years. However, the analyst now believes that Apple's advertising business is rapidly approaching an inflection point, and could generate several billion dollars in revenues in the near to medium-term, contributing incrementally to services growth.
10/22/18
KEYB
10/22/18
NO CHANGE
KEYB
Sector Weight
Apple iPhone pricing should drive upside to gross margin expectations, says KeyBanc
KeyBanc analyst Andy Hargreaves expects Apple's pricing strategy throughout the iPhone lineup to drive upside to consensus gross margin expectations in Q4 and Q1, which should be positive for EPS estimates. Despite his positive near-term view of numbers, the analyst continues to believe Services revenue will decelerate and iPhone revenue decline beyond FY19, which prevents him from having a more positive view of the shares. Hargreaves reiterates a Sector Weight rating on the stock.
10/22/18
PIPR
10/22/18
NO CHANGE
Target $250
PIPR
Overweight
Teen survey shows Apple remains dominant brand, says Piper Jaffray
Piper Jaffray analyst Michael Olson says his firm's 36th semi-annual survey of 8,600 teens shows that Apple's share of smartphone ownership was unchanged. Of respondents, 82% have an iPhone, the highest percentage Piper has seen in the survey. The iPhone may have room to move higher, however, with 86% of teens anticipating their next phone to be an iPhone, Olson tells investors in a research note. Android was the runner up with 10%, down from 11% in the spring, he points out. Further, the Apple Watch was the top smartwatch among teens, garnering 16% share, with the Samsung Gear next on the list at 2%. 23% of teens plan to purchase an Apple Watch in the next six months, up from 20% in the spring, says Olson. He views the survey data as a sign that Apple's place as the dominant device brand among teens remains intact. He reiterates an Overweight rating on Apple with a $250 price target.
10/19/18
10/19/18
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. Apple (AAPL) initiated with an Outperform at Wedbush. 2. Copa Holdings (CPA) initiated with an In-Line at Imperial Capital. 3. AMD initiated with a Sell at New Street Research. 4. Pacific Biosciences (PACB) initiated with an Outperform at Cowen. 5. ViewRay (VRAY) initiated with an Outperform at Baird. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

MSI

Motorola Solutions

$129.97

0.72 (0.56%)

18:48
11/16/18
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18:48
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PCG

PG&E

$24.39

6.62 (37.25%)

18:23
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18:23
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18:23
Periodicals
CPUC isn't ruling out board shuffle, breakup for PG&E, Bloomberg says »

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ABX

Barrick Gold

$13.04

0.05 (0.38%)

18:00
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Periodicals
Barrick Gold looking to add more copper, bullion assets, Reuters reports »

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WTR

Aqua America

$33.05

0.165 (0.50%)

17:57
11/16/18
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Hot Stocks
Aqua America CEO acquires over 25,000 common shares »

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XLRE

Real Estate SPDR

$33.45

0.445 (1.35%)

, XLB

S&P Select Materials SPDR

$55.23

0.53 (0.97%)

17:39
11/16/18
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17:39
General news
Week ending ETF scorecard: Real Estate leads, Consumer Discretionary slumps »

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XLRE

Real Estate SPDR

$33.45

0.445 (1.35%)

XLB

S&P Select Materials SPDR

$55.23

0.53 (0.97%)

XLU

Utilities SPDR

$54.86

0.77 (1.42%)

XLI

Industrial Select Sector SPDR

$72.00

(0.00%)

XLV

Health Care Select Sector SPDR

$92.05

0.91 (1.00%)

XLF

Financial Select Sector

$26.78

0.03 (0.11%)

XLP

Consumer Staples Sector SPDR

$56.04

0.15 (0.27%)

XLE

Energy Select Sector SPDR

$67.23

0.76 (1.14%)

XLC

Communication Services Select Sector SPDR Fund

$44.88

-0.2 (-0.44%)

XLK

Technology Select Sector SPDR

$68.22

-0.1 (-0.15%)

XLY

Consumer Discretionary Sector SPDR

$106.37

-0.43 (-0.40%)

GLD

SPDR Gold Shares

$115.56

0.82 (0.71%)

SLV

iShares Silver Trust

$13.55

0.115 (0.86%)

USO

United States Oil Fund

$12.07

0.08 (0.67%)

UNG

United States Natural Gas Fund

$35.43

3.63 (11.42%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$83.24

-0.27 (-0.32%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$111.73

0.23 (0.21%)

TLT

iShares 20+ Year Treasury Bond Fund

$114.65

0.61 (0.53%)

IEF

iShares 7-10 Year Treasury Bond ETF

$101.13

0.3 (0.30%)

SHY

iShares 1-3 Year Treasury Bond

$83.13

0.08 (0.10%)

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AQST

Aquestive Therapeutics

$17.02

0.23 (1.37%)

17:36
11/16/18
11/16
17:36
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17:36
Hot Stocks
Aquestive receives CRL from FDA for tadalafil oral film »

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DAKT

Daktronics

$7.67

0.07 (0.92%)

17:35
11/16/18
11/16
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17:35
Hot Stocks
Daktronics adopts new shareholder rights agreement »

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TI

Telecom Italia

$6.02

0.12 (2.03%)

17:33
11/16/18
11/16
17:33
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17:33
Periodicals
Gubitosi viewed as frontrunner for Telecom Italia CEO job, Reuters says »

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MAXR

Maxar Technologies

$18.77

-0.59 (-3.05%)

17:30
11/16/18
11/16
17:30
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17:30
Hot Stocks
Maxar Technologies shareholders approve U.S. domestication »

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PLUG

Plug Power

$1.83

(0.00%)

17:28
11/16/18
11/16
17:28
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17:28
Syndicate
Breaking Syndicate news story on Plug Power »

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GSB

GlobalSCAPE

$4.55

-0.02 (-0.44%)

17:22
11/16/18
11/16
17:22
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17:22
Syndicate
Breaking Syndicate news story on GlobalSCAPE »

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EQIX

Equinix

$388.18

2.67 (0.69%)

17:19
11/16/18
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17:19
Hot Stocks
Equinix's Lee sells 2,792 common shares »

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LMT

Lockheed Martin

$301.06

-4.42 (-1.45%)

17:17
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17:17
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Lockheed Martin awarded $282.09M Naval Sea Systems Command contract »

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TLGT

Teligent

$2.56

0.045 (1.79%)

17:16
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Teligent receives notification of deficiency from Nasdaq »

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STAF

Staffing 360 Solutions

$1.82

0.07 (4.00%)

17:16
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17:16
Syndicate
Breaking Syndicate news story on Staffing 360 Solutions »

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IMMR

Immersion

$9.56

-0.14 (-1.44%)

17:12
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17:12
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Breaking Hot Stocks news story on Immersion »

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ATNX

Athenex

$11.95

0.74 (6.60%)

17:10
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11/16
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17:10
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Breaking Hot Stocks news story on Athenex »

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TSRO

Tesaro

$34.96

8.39 (31.58%)

17:08
11/16/18
11/16
17:08
11/16/18
17:08
Recommendations
Tesaro analyst commentary at Piper Jaffray »

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  • 03

    Dec

EEI

Ecology & Environment

$10.50

-2 (-16.00%)

17:05
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11/16
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17:05
Hot Stocks
Ecology & Environment receives noncompliance notice from Nasdaq »

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AEE

Ameren

$69.29

0.01 (0.01%)

16:58
11/16/18
11/16
16:58
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16:58
Hot Stocks
Ameren exec Nelson sells $690,000 worth of common shares »

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EQS

Equus II Inc

$1.86

(0.00%)

16:56
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11/16
16:56
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16:56
Hot Stocks
Equus II Inc reports net assets of $46.6M as of September 30 »

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VAPO

Vapotherm

$17.10

-0.42 (-2.40%)

16:56
11/16/18
11/16
16:56
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16:56
Hot Stocks
Breaking Hot Stocks news story on Vapotherm »

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  • 14

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COTY

Coty

$9.09

0.39 (4.48%)

16:55
11/16/18
11/16
16:55
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16:55
Hot Stocks
Coty CEO acquires 2.3M common shares »

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  • 03

    Mar

NVS

Novartis

$87.74

0.52 (0.60%)

16:54
11/16/18
11/16
16:54
11/16/18
16:54
Upgrade
Novartis rating change at Goldman Sachs »

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  • 02

    Dec

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    Dec

VIAB

Viacom

$33.00

1.13 (3.55%)

16:52
11/16/18
11/16
16:52
11/16/18
16:52
Syndicate
Breaking Syndicate news story on Viacom »

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