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ROKU

Roku

$39.57

-0.55 (-1.37%)

, GOOG

Alphabet

$1,056.44

-14.15 (-1.32%)

07:39
01/14/19
01/14
07:39
01/14/19
07:39

Roku valuation still 'relatively high' despite 48% selloff, says Citi

Citi analyst Mark May lowered his price target for Roku to $44 from $60 while keeping a Neutral rating on the shares. The stock closed Friday down 59c to $39.57. The analyst lists five main reasons for maintaining a Neutral rating despite the stock's 48% selloff since the peak on October 1, 2018. The analyst sees signs that Google (GOOG, GOOGL) and Amazon (AMZN) are becoming more competitive in the smart TV market, which he believes could result in pressure on Roku's account growth and/or expenses. Further, despite the recent selloff, Roku's valuation is still relatively high, May tells investors in a research note. The analyst also sees potential for Roku to accelerate its international expansion investments, which he notes could weigh on near-term earnings. In addition, May believes Q4 revenue and gross profit forecasts are already aggressive for Roku. Lastly, the consensus sell-side 2019 adjusted EBITDA forecast of $29M is above management's stated target of "managing the business toward breakeven," May tells investors in a research note.

ROKU

Roku

$39.57

-0.55 (-1.37%)

GOOG

Alphabet

$1,056.44

-14.15 (-1.32%)

GOOGL

Alphabet Class A

$1,063.90

-15.8 (-1.46%)

AMZN

Amazon.com

$1,640.25

-16.53 (-1.00%)

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    Mar

ROKU Roku
$39.57

-0.55 (-1.37%)

12/17/18
RHCO
12/17/18
INITIATION
Target $36
RHCO
Hold
Roku initiated with a Hold at SunTrust
SunTrust analyst Matthew Thorton initiated Roku with a Hold and $36 price target. The analyst notes that the stock has come under pressure on worries about the impact of China trade tariffs, even though the current proposals " do not impact TVs/Players imported from China". Thornton believes that his bear case will materialize only if President Trump increases the tariff list, with his base case also calling for the restructuring at TCL not to have an impact on the Roku business. The analyst still warns that his bias for the initial FY19 guidance for EBITDA and revenue to be on the downside relative to consensus.
12/19/18
KEYB
12/19/18
NO CHANGE
Target $59
KEYB
Overweight
Roku price target lowered to $59 from $81 at KeyBanc
KeyBanc analyst Evan Wingren lowered his price target for Roku to $59 from $81, while reiterating an Overweight rating on the shares. The analyst notes that checks point to "strong momentum" in the quarter and potential conservatism to his estimates. Roku has corrected from trading at a premium to its peer group to a discount, despite consensus estimates moving higher post Q3 earnings, he contends. Wingren points out that the selloff in the shares has been driven by a smaller and lumpy component of the platform business, and noise around its TCL partnership, both of which he views as overdone.
12/26/18
NEED
12/26/18
NO CHANGE
Target $45
NEED
Buy
Roku 'top pick' for 2019, says Needham
Needham analyst Laura Martin kept her Buy rating and $45 price target on Roku, saying the stock is her top pick for 2019. The analyst cites the market growth in the OTT sector, along with the company's strategic position, scale, and demographic reach. Martin also points to Roku having reached 24M unique active accounts and growing its engagement scale to nearly 3 hours per day per household, with an added possibility of the company being potentially acquired.
01/07/19
KEYB
01/07/19
NO CHANGE
Target $59
KEYB
Overweight
Roku OEM win, growth rates underscore strong position, says KeyBanc
KeyBanc analyst Evan Wingren said Roku's (ROKU) preliminary Q4 active account growth of 40% and streaming hours growth of 68% beat his expectations of up 35% and 50%, respectively. Separately, it announced a new OEM win with Westinghouse, which he said validates the company's competitive moat and highlights Roku's strong competitive position given this is an Amazon Fire TV (AMZN) customer. He maintains an Overweight rating and $59 price target on Roku shares.
GOOG Alphabet
$1,056.44

-14.15 (-1.32%)

01/10/19
01/10/19
UPGRADE
Target $39

Buy
BofA/Merrill upgrades Twitter two notches to Buy following social user survey
As previously reported, BofA Merrill Lynch analyst Justin Post upgraded Twitter (TWTR) two notches, to Buy from Underperform, after conducting a survey in early December of more than 1,000 U.S. consumers ages 18-65. The survey showed Twitter penetration increased to 48% of respondents and the percentage of users reporting deceased usage fell slightly. Improving metrics in the 18-29 demographic suggest more younger users are turning to Twitter, noted Post. The analyst, who sees Twitter as a strong play on video ad dollars shifting online and advertisers potentially diversifying their ad spending, raised his price target on Twitter shares to $39. Post added in the note to investors that the survey suggested Google (GOOGL) and Facebook's (FB) Instagram have the most positive usage trends, while the negative effects from Snap's (SNAP) redesign appear to have continued.
01/10/19
KEYB
01/10/19
NO CHANGE
KEYB
KeyBanc remains bullish on MongoDB as Amazon unveils DocumentDB
KeyBanc analyst Brent Bracelin Amazon (AMZN) has unveiled a new cloud database called DocumentDB that emulates API functionality similar to MongoDB (MDB). The analyst believes this increases the competitive overlap with Amazon, but also validates the need for MongoDB's patented document-oriented database. We remain bullish on the prospects for MongoDB to sustain high growth based on a large $63B TAM that can support multiple players, differentiated functionality in MongoDB version 4.0 versus Amazon DocumentDB emulating version 3.6, and proprietary data analysis that validates robust MongoDB growth on Microsoft's (MSFT) Azure and Google (GOOGL; GOOG) Cloud suggests customers increasingly desire multi-cloud functionality.
01/10/19
MSCO
01/10/19
DOWNGRADE
Target $29
MSCO
Underweight
Morgan Stanley sees revenue headwinds for Yelp, downgrades to Underweight
As previously reported, Morgan Stanley analyst Brian Nowak downgraded Yelp (YELP) to Underweight from Equal Weight as he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. First, Nowak sees the increased flexibility of Yelp's new non-term agreements leading to lower spend per customer. Second, he sees pricing compression risk given that his ad pricing analysis shows Yelp's average cost per click is still over four times higher than Google (GOOGL) and Facebook (FB). Third, he expects Yelp's declining user base to further hold back spend per customer. Nowak cut his price target on Yelp shares to $29 from $31, noting that his revised FY19 and FY20 EBITDA estimates are now 2% and 6%, respectively, below consensus.
01/09/19
JEFF
01/09/19
NO CHANGE
JEFF
Jefferies says be selective in Internet, cuts targets on Snap and Facebook
Jefferies analyst Brent Thill this morning cut his price targets on a handful of names in the Internet space. In a research note titled "2019 Playbook," the analyst also downgraded Booking Holdings (BKNG) and Redfin (RDFN) to Hold from Buy. Thill tells investors to selective in the space, and recommends buying Amazon.com (AMZN), Alphabet (GOOGL) and Intuit (INTU) in large cap, Match Group (MTCH), IAC (IAC) and GoDaddy (GDDY) in mid cap, and Wix.com (WIX) and Trade Desk (TTD) in small cap. He expects TripAdvisor (TRIP), Shutterstock (SSTK) and Shutterstock (EIGI) to underperform. Among his price target cuts were Buy-rated Expedia (EXPE) to $150, Buy-rated Facebook to $180, Hold-rated Snap (SNAP) to $7, Hold-rated Sonos (SONO) to $12, Hold-rated Twitter (TWTR) to $33 and Hold-rated Zillow Group (ZG) to $34.
GOOGL Alphabet Class A
$1,063.90

-15.8 (-1.46%)

AMZN Amazon.com
$1,640.25

-16.53 (-1.00%)

01/10/19
OPCO
01/10/19
NO CHANGE
Target $90
OPCO
Outperform
Amazon database negative for MondoDB, validates opportunity, says Oppenheimer
Oppenheimer analyst Ittai Kidron notes that AWS (AMZN) announced DocumentDB, a MongoDB (DMB)-compatible database designed to give users performance, scalability, and availability when operating mission-critical MongoDB workloads at scale. While the development is negative and adds to competitive pressures, the analyst sees positives as it validates MongoDB's growing popularity and market opportunity and it is likely to offer MongoDB a permanent feature advantage. Further, Kidron argues that MongoDB still maintains its cloud-independent value proposition. He reiterates an Outperform rating and $90 price target on MongoDB's shares.
01/10/19
STFL
01/10/19
NO CHANGE
Target $95
STFL
Buy
Stifel doesn't see meaningful near-term impact on MongoDB from new AWS offering
After Amazon Web Services (AMZN) announced Amazon DocumentDB, a MongoDB (MDB) compatible database that is a managed offering, Stifel analyst Brad Reback said he was not surprised by the news given MongoDB's "tremendous developer popularity," but he does expect MongoDB shares to be under pressure. With that said, Reback does not expect this product to have a meaningful impact on MongoDB's near-term business, due to a lack of being able to access core MongoDB functionality within the database, his belief that customers value Mongo's deployment optionality and lack of lock-in, and the fact that Atlas already offers many of same features AWS is touting. Reback keeps a Buy rating and $95 price target on MongoDB shares, which are down $10.63, or 12%, to $75.99 in pre-market trading.
01/11/19
OPCO
01/11/19
NO CHANGE
Target $2020
OPCO
Outperform
Amazon's U.S. holiday sales likely 'strong,' says Oppenheimer
Oppenheimer analyst Jason Helfstein maintained an Outperform rating and $2,020 price target on Amazon.com ahead of the company's Q4 results. In a research note to investors, Helfstein says he expects "strong" U.S. holiday sales to be partially offset by slower international sales, and adds that he expects AWS revenue and margin growth to remain at similar levels on software adoption and CapEx efficiency. He believes brick and mortar retailers "suffered" in Q4 as consumers shifted their online shopping behavior to apps vs. browser/mobile-web.
01/11/19
DADA
01/11/19
NO CHANGE
Target $80
DADA
Neutral
Competitive concerns on MongoDB from Amazon may be overblown, says DA Davidson
DA Davidson analyst Rishi Jaluria kept his Neutral rating and $80 price target on MongoDB (MDB) following the Amazon (AMZN) AWS announcement of the launch of DocumentDB that supports MongoDB workloads. The analyst contents that the move is not surprising given the AWS pattern of moving "up the stack" over time. Jaluria also notes that the company has faced a similar threat in the past with Azure Cosmos DB's API for MongoDB, but believes that the company's MongoDB Atlas was not impacted. Further, the analyst ponders whether Amazon's attempt to undercut MongoDB sets up a potential bid for the company.

TODAY'S FREE FLY STORIES

ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

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UBER

Uber

$0.00

(0.00%)

, TM

Toyota

$125.10

0.93 (0.75%)

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Denso

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SFTBF

SoftBank

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FIX

Comfort Systems USA

$57.58

0.06 (0.10%)

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NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

19:29
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Periodicals
Nissan to cut global output by 15% in FY19/20, Nikkei reports »

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Nissan

$0.00

(0.00%)

RNSDF

Renault

$0.00

(0.00%)

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FE

FirstEnergy

$40.51

0.28 (0.70%)

19:13
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FirstEnergy CEO 'pleased' FES submitted revised disclosure statement »

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  • 24

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TSLA

Tesla

$273.25

2.13 (0.79%)

19:03
04/18/19
04/18
19:03
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19:03
Periodicals
Tesla CEO, SEC granted one more week to resolve tweet dispute, WSJ says »

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EXPO

Exponent

$56.39

0.23 (0.41%)

, AKRX

Akorn

$2.77

-0.16 (-5.46%)

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$56.39

0.23 (0.41%)

AKRX

Akorn

$2.77

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ZSAN

Zosano Pharma

$3.41

-0.11 (-3.13%)

FAST

Fastenal

$71.08

0.95 (1.35%)

APHA

Aphria

$7.65

-0.165 (-2.11%)

ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

PBCT

People's United

$17.12

-0.21 (-1.21%)

I

Intelsat

$19.48

0.235 (1.22%)

LLY

Eli Lilly

$115.20

-1.23 (-1.06%)

PFE

Pfizer

$39.37

-0.5 (-1.25%)

03/08/13
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FIVE

Five Below

$141.65

1.82 (1.30%)

18:44
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Five Below CEO: There is potential for 2,500+ stores in the U.S »

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LBRT

Liberty Oilfield Services

$16.60

-0.59 (-3.43%)

18:39
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Liberty Oilfield Services CFO sells 90,000 Class A common shares »

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VNO

Vornado

$67.02

0.77 (1.16%)

18:37
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Vornado sells 45% equity in flagship NYC assets to institutional investors »

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  • 30

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CHKP

Check Point

$120.01

-9.56 (-7.38%)

18:26
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18:26
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Check Point analyst commentary at Jefferies »

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  • 18

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CAG

Conagra Brands

$30.53

0.405 (1.34%)

18:11
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Conagra Brands director Gregor buys 10K shares of common stock »

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  • 18

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UNP

Union Pacific

$176.70

7.5 (4.43%)

17:52
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Union Pacific halts construction of $550M facility in Texas, WSJ reports »

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SO

Southern Company

$51.95

-0.22 (-0.42%)

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Southern Company to sell Nacogdoches Generating Facility for $460M »

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TSLA

Tesla

$273.25

2.13 (0.79%)

17:46
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Tesla CEO Musk, SEC ask for extension to settle tweet dispute, Reuters says »

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GLD

SPDR Gold Shares

$120.40

0.09 (0.07%)

17:44
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SPDR Gold Shares holdings fall to 751.68MT from 752.86MT »

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OSW

OneSpaWorld

$13.77

(0.00%)

17:37
04/18/19
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Breaking Syndicate news story on OneSpaWorld »

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SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

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Charles Schwab EVP Murtagh sells 23.2K shares of common stock »

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OSW

OneSpaWorld

$13.77

(0.00%)

17:36
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Breaking Syndicate news story on OneSpaWorld »

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SHLD

Sears

$0.00

(0.00%)

17:32
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17:32
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Sears delays filing 10-K form »

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LB

L Brands

$25.68

0.02 (0.08%)

17:25
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17:25
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  • 16

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TSLA

Tesla

$273.25

2.13 (0.79%)

17:17
04/18/19
04/18
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17:17
Periodicals
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  • 22

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AMBR

Amber Road

$8.55

-0.31 (-3.50%)

17:17
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04/18
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17:17
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  • 07

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CYCN

Cyclerion Therapeutics

$15.57

-0.68 (-4.18%)

17:15
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04/18
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17:15
Syndicate
Breaking Syndicate news story on Cyclerion Therapeutics »

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ACDVF

Air Canada

$0.00

(0.00%)

, BA

Boeing

$380.02

2.48 (0.66%)

17:10
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04/18
17:10
04/18/19
17:10
Periodicals
Air Canada says will review plane systems on Boeing's MAX, Reuters says »

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ACDVF

Air Canada

$0.00

(0.00%)

BA

Boeing

$380.02

2.48 (0.66%)

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