2019-01-24 11:25:00FB   - $143.81
-0.54 (-0.37%) , SNAP - $6.00
0.02 (0.33%) … 11:2501/24/19 01/2411:25 01/24/1911:25 | FBN Securities Tech/Internet analyst to hold a group luncheonTech & Internet Analyst Seyrafi holds a Group Luncheon Meeting with Garrett Hoy, Head of TV Partnerships at 4C Insights, a key marketing partner to social media companies including Facebook, Instagram, Snap, Twitter, Pinterest and may others in New York on January 24 at 12 pm hosted by FBN Securities. FB - $143.81
-0.54 (-0.37%) SNAP - $6.00
0.02 (0.33%) TWTR - $31.28
0.31 (1.00%) GOOG - $1,067.33
-8.71 (-0.81%) | |
|---|
- $143.81
-0.54 (-0.37%) - 01/22/19
- JEFF
01/22/19
NO CHANGETarget $180
JEFF
Buy Facebook users and advertisers not 'leaving in droves,' says Jefferies Jefferies analyst Brent Thill says that contrary to popular belief, his Facebook data checks do not point to users and advertisers "leaving in droves." However, there is no inflection on user growth and there remains "cleanup work left as social fatigue still lingers," Thill tells investors in a research note titled "A Dive Into The Data: Stabilizing but Not Out of the Woods Yet." Facebook remains a tier one platform for advertising spend with Instagram showing positive drivers of growth, adds the analyst. Thill thinks Facebook shares, over the course of 2019, shares will "slowly re-rate" as the company's revenue growth and margin outlook become clearer. The analyst keeps a Buy rating on Facebook with a $180 price target. The social media giant closed Friday at $150.04. - 01/23/19
- DBAB
Alphabet best positioned to benefit from Q4 earnings, says Deutsche Bank Deutsche Bank analyst Lloyd Walmsley continues to view Facebook (FB) as his favorite mega cap Internet name for 2019, but on a short term basis he sees Alphabet (GOOG, GOOGL) as best positioned to benefit from Q4 earnings. Alphabet is particularly well positioned given conservative top line consensus estimates for 2019, Walmsley tells investors in a research note. For Amazon.com (AMZN), the analyst says that while sales growth is on track to decelerate in Q4, guidance for Q1 should point to an acceleration and Web Services and ad margin tailwinds "remain strong" in 2019. Walmsley lowered his price target for Alphabet to $1,300 from $1,350 and for Amazon to $2,250 from $2,300. He keeps Buy ratings on both names. - 01/24/19
- DBAB
Facebook partner report shows success for Stories, says Deutsche Bank Facebook marketing partner Nanigans published its Facebook Advertising Report for Q4, noting 124% growth in spend on the Stories format and "rapidly growing" cost-per-clock for the Stories format, Deutsche Bank analyst Lloyd Walmsley tells investors in a research note titled "More evidence Stories ads success spreading." The analyst says the data broadly support his other conversations in the ad industry pointing to increasing uptake and efficacy of this new ad format. He keeps a Buy rating on Facebook shares. - 01/24/19
01/24/19
DOWNGRADE
Market Perform Canada Goose downgraded to Market Perform at Wells Fargo As previously reported, Wells Fargo analyst Ike Boruchow downgraded Canada Goose (GOOS) to Market Perform from Outperform and lowered his price target on the shares to C$68 from C$80. While the analyst remains confident on the trajectory of the Canada Goose brand and the fundamental story that has developed since their IPO in 2017, he feels the risk/reward is not as compelling as it once was. The analyst notes that the multi-national branded space has become more challenged in recent months, and not only is the stock more expensive today than it was following the company's IPO, but is also trading at a higher P/S multiple than any other brand has ever traded. When looking at search and social trends, Boruchow also sees a recent slowdown in both Google (GOOGL) trend search and Facebook's (FB) Instagram engagement over the holiday quarter as somewhat concerning. - $6.00
0.02 (0.33%) - 01/16/19
- JEFF
01/16/19
NO CHANGETarget $7
JEFF
Hold Snap second CFO exit within a year is 'clear negative,' says Jefferies The departure of Snap CFO Tim Stone is a "clear negative" as two CFOs have now left the company within one year of each other without meaningful financial progress, Jefferies analyst Brent Thill tells investors in a research note. Tim Stone leaving after only eight months on the job is a "bad sign heading into the new year," adds the analyst. He believes that while Snap's results for Q4 "seem decent," questions around management remain. Thill keeps a Hold rating on the shares with a $7 price target. The stock in premarket trading is down 12% to $5.77. - 01/24/19
- MSCO
01/24/19
NO CHANGETarget $5
MSCO
Underweight Snap price target lowered to $5 from $7 at Morgan Stanley Morgan Stanley analyst Brian Nowak decreased his FY19 and FY20 estimates for Snap's global daily active users by about 1% and 2%, respectively, noting that SensorTower app download data shows new downloads falling across both iOS and Android despite the redesigned Android beta app launching in August of last year. He we now forecasts 4mn DAU losses in Q4 and for DAUs to be flat in the first half of 2019 before rebounding in the second half. Given expectations for a smaller user base, he sees lower revenue, which in turn he sees leading to bigger cash burn even with lower operating expenses. Nowak lowered his price target on Snap shares to $5 from $7 and keeps an Underweight rating on the parent of Snapchat. - 01/16/19
Fly Intel: Top five analyst downgrades Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Citi (C) downgraded to Hold from Buy at Standpoint Research. 2. Snap (SNAP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Mahaney citing the company's recent "mixed" pre-announcement and, more importantly, its latest disclosure of a "surprise" exit by its CFO Tim Stone who was on the job for less than a year. 3. Nordstrom (JWN) downgraded to Neutral from Conviction Buy at Goldman Sachs, to Neutral from Overweight at Atlantic Equities, and to Market Perform from Outperform at Telsey Advisory. 4. AB InBev (BUD) downgraded to Underperform from Hold at Jefferies with analyst Edward Mundy saying market share pressures, some of which have only recently become visible, will likely persist, and could lead to disappointment against high expectations of an emerging-led recovery. 5. HP Enterprise (HPE) downgraded to Equal Weight from Overweight at Morgan Stanley, while NetApp (NTAP) was downgraded to Underweight from Equal Weight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. - 01/16/19
- RBCM
01/16/19
DOWNGRADETarget $8
RBCM
Sector Perform Snap downgraded to Sector Perform at RBC Capital on CFO exit As reported earlier, RBC Capital analyst Mark Mahaney downgraded Snap to Sector Perform with an $8 price target. The analyst cites the company's recent "mixed" pre-announcement and, more importantly, its latest disclosure of a "surprise" exit by its CFO Tim Stone who was on the job for less than a year. Mahaney contends that the resignation is a "material negative" and adds to his concerns over the company's management execution, adding that the valuation on Snap shares "isn't compellingly supportive". - $31.28
0.31 (1.00%) - 01/10/19
- JPMS
01/10/19
NO CHANGETarget $44
JPMS
Overweight Twitter named a 2019 best Internet idea at JPMorgan JPMorgan analyst Doug Anmuth names Twitter (TWTR) a best Internet idea for 2019 along with Facebook (FB) and Amazon.com (AMZN). Twitter shares increased 20% in 2018 on "continued solid" daily active user growth, "significant" revenue re-acceleration following 2017 declines, and the company's first full year of GAAP profitability, Anmuth tells investors in a research note. Going into 2019, he believes Twitter is making "meaningful progress on its health work identifying malicious and spammy content." Quality improvements should drive benefits to usage and advertising revenue long-term, adds the analyst. Further, Anmuth's channel checks suggest Twitter's advertising products and improving return on investment "are increasingly resonating with marketers." The analyst lowered his price target for the shares to $44 from $45 and keeps an Overweight rating on Twitter. The stock closed yesterday up 44c to $32.25 and is up 3% in premarket trading to $33.26 after BofA/Merrill analyst Justin Post double upgraded his rating on Twitter to Buy from Underperform. - 01/10/19
Fly Intel: Top five analyst upgrades Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Constellation Brands (STZ) upgraded to Buy from Neutral at Goldman Sachs and to Neutral from Sell at Guggenheim. 2. Boeing (BA) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. Lockheed Martin (LMT) upgraded to Buy from Hold at Vertical Group. 4. United Continental (UAL) upgraded to Overweight from Neutral at JPMorgan while Alaska Air (ALK) was upgraded to Neutral from Underweight. 5. Twitter (TWTR) double upgraded to Buy from Underperform at BofA/Merrill with analyst Justin Post citing a survey he conducted which showed Twitter penetration increased to 48% of respondents and the percentage of users reporting deceased usage fell slightly. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. - 01/14/19
- SBSH
01/14/19
UPGRADETarget $7
SBSH
Neutral Citi upgrades Snap to Neutral ahead of Android app rollout Citi analyst Mark May upgraded Snap (SNAP) to Neutral from Sell and raised his price target for the shares to $7 from $6. The camera company closed Monday up 6c to $6.28. Snap is down 70% since February 2018 and its current valuation is below Twitter (TWTR) and Facebook's (FB) current and four-year average multiple, May tells investors in a research note. Further, the analyst expects Snap will soon fully rollout a new version of its app for Android, which could improve user and engagement growth. In addition, Snap's advertising average revenue per user accelerated in Q3, which bodes well, especially if user growth likewise improves later in 2019, May contends. - 01/15/19
- LEHM
01/15/19
NO CHANGETarget $12
LEHM
Overweight Snap shares 'may start to get a bid' on Q4 results, says Barclays In a research note titled "Long Idea, Speculative Risk," Barclays analyst Ross Sandler says Snap (SNAP) shares "may start to get a bid" on the company's Q4 results after a disappointing 2018. The stock's setup is similar to Twitter (TWTR) in early 2017, when sentiment went from very negative to "stable with franchise value" and shares tripled in value, Sandler tells investors in the note. If Snap were to deliver on any of the CEO's three "primary lofty goals" for 2019, or achieving breakeven point, accelerating revenue, and growing daily active user growth, the shares could potentially double from current levels, contends the analyst. Further, Sandler's channel checks point to in-line daily active users and a possible revenue beat in Q4 for Snap. He keeps an Overweight rating on the shares with a $12 price target. - $1,067.33
-8.71 (-0.81%) - 01/14/19
- SBSH
01/14/19
NO CHANGETarget $44
SBSH
Neutral 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. - 01/10/19
01/10/19
UPGRADETarget $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. |