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ZG

Zillow

$40.79

0.3 (0.74%)

16:36
11/06/18
11/06
16:36
11/06/18
16:36

Zillow trading resumes

  • 06

    Nov

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    Dec

ZG Zillow
$40.79

0.3 (0.74%)

08/07/18
08/07/18
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. BOFA CUTS ZILLOW TO NEUTRAL: BofA Merrill Lynch analyst Nat Schindler downgraded Zillow (Z, ZG) to Neutral from Buy and cut its price target to $60 from $70 following the Q2 report and reduction in guidance. Schindler said the quarter indicated Zillow is taking longer than expected to ramp up the Homes business, Rentals revenue missed and the outlook was cut, and other revenue also missed, indicating the new construction opportunity is also taking longer to materialize. Zillow Class A shares are down about 17% in late morning trading. MORGAN STANLEY SAYS WAYMO COULD BE WORTH $175B: Morgan Stanley analyst Brian Nowak increased his enterprise value estimate for Alphabet's (GOOG, GOOGL) Waymo unit from $75B for ride sharing only to $175B given his analyses for two other emerging business models, logistics and licensing. He believes Waymo remains on track to launch an autonomous ride hailing service in Phoenix this year and believes this business could be worth about $80B over the long-term. Given his view of Waymo being a key part of Alphabet's long-term value, Nowak raised his sum of the parts valuation to $1,550 from $1,400. He has an Overweight rating and $1,325 price target on Alphabet shares. GOLDMAN RAISES NVIDIA TARGET AHEAD OF EARNINGS: Goldman Sachs analyst Toshiya Hari raised his price target for Nvidia (NVDA) to $324 from $310 ahead of quarterly results. Unlike the past 10 quarters where the company handily beat Street estimates and raised guidance, the analyst expects a "noisy" quarter with the focal points being the upcoming product transition in Gaming, the current product transition in Datacenter, weakness in cryptocurrency mining, and potential disruption from the virus attack at TSMC (TSM). That said, Hari noted that his long-term bull thesis on Nvidia remains intact and reiterated a Buy rating on the shares. ARGUS CUTS CBS TO HOLD: Argus analyst Joseph Bonner downgraded CBS (CBS) to Hold from Buy, noting significant downside risks for the company from both the sexual harassment allegations against CEO Moonves and the board's attempts to prevent the Viacom (VIA, VIAB) merger. Bonner noted that if the Moonves allegations are proven true, he would be immediately dismissed, which could end the board's bid to remain independent and thereby inflict damage on the shareholders.
09/14/18
WEDB
09/14/18
INITIATION
Target $45
WEDB
Neutral
Zillow initiated with a Neutral at Wedbush
Wedbush analyst Ygal Arounian initiated Zillow with a Neutral rating and $45 price target. In a research note to investors, the analyst says that now that Zillow has reached a broad audience of users and traffic to its site, it is looking to move further down the real estate transactional "funnel," moving it further away from being a pure play internet company. He expects this to create a rotation in the company's investor base as well as the valuations that investors feel are appropriate for Zillow shares and views investor sentiment "mixed at best" until the pieces come together better and the full-scale opportunity is better understood by an evolving investor base.
10/09/18
CHLM
10/09/18
NO CHANGE
Target $40
CHLM
Hold
Zillow price target lowered to $40 from $45 at Craig-Hallum
Craig-Hallum analyst Brad Berning lowered his price target for Zillow to $40 from $45, while reiterating a Hold rating on the shares. After further review of homes sales in Phoenix and Las Vegas, the analyst found the markup on homes sold to be over 300bp less than he expected, which raised more near-term questions and concerns than answers. Additionally, competition is heating up with RocketMortgage planning to launch an integrated easier home buying/loan approval driven platform, Realogy announcing its intentions to enter the iBuyer space and Redfin also saying it will be diving deeper into the sector, he adds. Although Berning believes Zillow is likely to emerge as a winner, near-term margins could see more pain from competition.
11/02/18
11/02/18
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. Zillow (Z, ZG) initiated with a Hold at Zelman. 2. RumbleON (RMBL) initiated with a Buy at Craig-Hallum. 3. Ra Medical Systems (RMED) initiated with a Buy at Maxim. 4. Del Frisco's (DFRG) and Red Robin (RRGB) were initiated with a Hold at Loop Capital. 5. Garrett Motion (GTX) initiated with a Sell at UBS. 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

BHGE

Baker Hughes

$23.40

0.11 (0.47%)

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ECA

Encana

$7.56

-0.19 (-2.45%)

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SYRS

Syros Pharmaceuticals

$8.03

0.16 (2.03%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$273.77

0.93 (0.34%)

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PYPL

PayPal

$85.27

-1.48 (-1.71%)

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GOOG

Alphabet

$1,051.92

-12.82 (-1.20%)

, GOOGL

Alphabet Class A

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GOOG

Alphabet

$1,051.92

-12.82 (-1.20%)

GOOGL

Alphabet Class A

$1,057.14

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ORCL

Oracle

$51.16

0.52 (1.03%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$272.08

-0.76 (-0.28%)

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General news
Markets bounce higher after Trump comments on China trade talks »

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SPDR S&P 500 ETF Trust

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12:45
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S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$272.55

-0.29 (-0.11%)

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SPX

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$0.00

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SPDR S&P 500 ETF Trust

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-0.29 (-0.11%)

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IQ

iQIYI

$20.54

-0.53 (-2.52%)

12:40
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4K Jun 22.5 calls on iQiyi trade $3.40 »

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FB

Facebook

$138.09

-5.77 (-4.01%)

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LYB

LyondellBasell

$94.38

0.95 (1.02%)

, BAK

Braskem

$27.66

0.56 (2.07%)

12:30
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Periodicals
LyondellBasell close to presenting binding offer for Braskem, Reuters says »

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$94.38

0.95 (1.02%)

BAK

Braskem

$27.66

0.56 (2.07%)

PBR

Petrobras

$14.87

0.32 (2.20%)

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CTSH

Cognizant

$68.91

0.24 (0.35%)

12:30
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BAK

Braskem

$27.74

0.64 (2.36%)

, LYB

LyondellBasell

$94.44

1.01 (1.08%)

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LyondellBasell

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1.01 (1.08%)

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EADSY

Airbus

$0.00

(0.00%)

12:25
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Conference/Events
UBS alternative energy analyst to hold an analyst/industry conference call »

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LYB

LyondellBasell

$94.48

1.05 (1.12%)

12:24
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Periodicals
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XLB

S&P Select Materials SPDR

$54.66

-0.04 (-0.07%)

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12:20
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General news
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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AGN

Allergan

$157.34

-2.06 (-1.29%)

12:09
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NVDA

Nvidia

$166.50

-36.15 (-17.84%)

, AMAT

Applied Materials

$34.39

-0.64 (-1.83%)

12:05
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OnTheFly
Fly Intel: Wall Street's top stories at midday »

Stocks opened sharply…

NVDA

Nvidia

$166.50

-36.15 (-17.84%)

AMAT

Applied Materials

$34.39

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SONO

Sonos

$15.21

1.07 (7.57%)

PCG

PG&E

$23.93

6.16 (34.67%)

TRN

Trinity Industries

$22.61

0.87 (4.00%)

ACHC

Acadia

$30.63

-7.22 (-19.08%)

JWN

Nordstrom

$50.83

-8.14 (-13.80%)

WSM

Williams-Sonoma

$53.26

-7.34 (-12.11%)

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JWN

Nordstrom

$51.02

-7.95 (-13.48%)

12:00
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