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ETSY

Etsy

$55.17

-0.63 (-1.13%)

, SHOP

Shopify

$172.29

-3.22 (-1.83%)

14:06
02/13/19
02/13
14:06
02/13/19
14:06

Etsy price target raised to $64 ahead of earnings at Roth Capital

Roth Capital analyst Darren Aftahi raised his price target on shares of Etsy (ETSY) to $64 from $52 ahead of the company's Q4 report, stating that several data points, including e-commerce growth rates and Shopify's (SHOP) Q4 results, point to healthy growth rates for small-to-medium businesses. The analyst, who said he views Shopify's results as "likely the most positive data point in terms of a leading indicator" for Etsy, keeps a Buy rating on the stock ahead of the company's report on February 25.

ETSY

Etsy

$55.17

-0.63 (-1.13%)

SHOP

Shopify

$172.29

-3.22 (-1.83%)

  • 25

    Feb

  • 25

    Feb

  • 07

    Mar

ETSY Etsy
$55.17

-0.63 (-1.13%)

01/04/19
GSCO
01/04/19
UPGRADE
Target $54
GSCO
Buy
Etsy upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Heath Terry upgraded Etsy to Buy and raised his price target for the shares to $54 from $46. Consensus estimates remain too low for 2019 as the company optimizes the incremental growth investments made possible by the take rate increase instituted in July 2018, Terry tells investors in a research note. He thinks a company delivering both accelerating organic growth and margin expansion alongside a buyback warrants a premium valuation.
01/04/19
01/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Intel (INTC) upgraded to Buy from Neutral at BofA/Merrill with analyst Vivek Arya saying the stock provides attractive exposure to growth trends in cloud computing, AI, advanced autos and 5G. 2. Netflix (NFLX) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Heath Terry saying with the stock down 36% since record highs in July, Netflix represents one of the best risk/reward propositions in the Internet sector. 3. Shutterfly (SFLY) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying valuation is "compelling" despite concerns about the promotional environment that have materialized. 4. Honeywell (HON) upgraded to Outperform from Sector Perform at RBC Capital with analyst Deane Dray saying the company looks to be benefiting from the re-rating that follows the Garrett/Resideo spins. 5. Etsy (ETSY) upgraded to Buy from Neutral at Goldman Sachs with analyst Heath Terry saying consensus estimates remain too low for 2019 as the company optimizes the incremental growth investments made possible by the take rate increase instituted in July 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/29/19
DBAB
01/29/19
INITIATION
Target $64
DBAB
Buy
Etsy initiated with a Buy at Deutsche Bank
Deutsche Bank started Etsy with a Buy rating and $64 price target.
02/05/19
KEYB
02/05/19
NO CHANGE
KEYB
Overweight
KeyBanc says checks point to January acceleration in spending on Etsy
KeyBanc analyst Edward Yruma said his firm's proprietary credit and debit card database indicates that indexed spending trends at Etsy accelerated 240 bps sequentially for the month of January. The analyst, who is sticking with his view that GMV grew by over 20% in Q4, keeps an Overweight rating on Etsy ahead of the company's earnings reports on Feb 25. In early trading, Etsy shares are up 9.5%, or $5.18, to $59.92.
SHOP Shopify
$172.29

-3.22 (-1.83%)

02/13/19
KEYB
02/13/19
NO CHANGE
Target $197
KEYB
Overweight
Shopify price target raised to $197 from $182 at KeyBanc
KeyBanc analyst Monika Garg raised her price target for Shopify to $197 from $182 after the company posted "strong" Q4 results, and issued in-line 2019 revenue guidance and lower operating income guidance. The analyst reiterates an Overweight rating on the shares.
02/13/19
DADA
02/13/19
NO CHANGE
Target $210
DADA
Buy
Shopify price target raised to $210 from $150 at DA Davidson
DA Davidson analyst Tom Forte raised his price target on Shopify to $210 and kept his Buy rating, saying the change accounts for his updated EBITDA margin projection rising to 40% long term from 3.6% in 2018. The analyst notes that the management's plan to ramp investment spending for 2019 reflects the company's "important growth efforts - international expansion and Shopify Plus".
02/13/19
ROTH
02/13/19
NO CHANGE
Target $200
ROTH
Buy
Shopify price target raised to $200 from $180 at Roth Capital
Roth Capital analyst Darren Aftahi raised his price target for Shopify to $200 from $180 after Q4 outperformed, as strong Holiday sales and merchant adds resulted in about 54% year over year revenue growth and Plus penetration improved to about 25%. The analyst reiterates a Buy rating on the shares.
02/13/19
02/13/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Freeport McMoRan (FCX) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Piyush Sood saying his firm's Metals & Mining team expects copper market tightness to emerge beginning in Q2, given falling global production, low visible inventories and improved demand from China and Freeport's earnings sensitivity to copper is still the highest among its peers. 2. DocuSign (DOCU) upgraded to Buy from Hold at Deutsche Bank with analyst Karl Keirstead saying that after speaking with four large e-signature customers, three using DocuSign and one using Adobe Sign, the analyst believes a "more constructive call on DocuSign shares is now warranted." 3. Bloom Energy (BE) upgraded to Outperform from Market Perform at Raymond James with analyst Pavel Molchanov saying shares are down about 36% since the IPO in July 2018, including a 24% drop since mid-January, the latter due in large part to selling pressure following lockup expiration. 4. Shopify (SHOP) upgraded to Outperform from Sector Perform at RBC Capital with analyst Ross MacMillan saying he anticipates the company to return to new merchant growth this year given its international opportunity and easier comps. 5. Myovant Sciences (MYOV) upgraded to Overweight from Equal Weight at Barclays with analyst Geoffrey Meacham saying his firm's women's health survey suggests a "robust potential market" for new treatment options for endometriosis and uterine fibroids. The analyst also raised his price target for the shares to $25 from $22. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

OTTR

Otter Tail

$50.19

1.02 (2.07%)

18:29
02/18/19
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18:29
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Earnings
Otter Tail reports FY18 adjusted EPS $2.06, consensus $2.10 »

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OTTR

Otter Tail

$50.19

1.02 (2.07%)

18:28
02/18/19
02/18
18:28
02/18/19
18:28
Earnings
Otter Tail reports Q4 adjusted EPS 35c, consensus 39c »

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HLX

Helix Energy

$7.36

0.14 (1.94%)

18:23
02/18/19
02/18
18:23
02/18/19
18:23
Earnings
Helix Energy reports FY18 adjusted EPS 19c, consensus 23c »

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HLX

Helix Energy

$7.36

0.14 (1.94%)

18:23
02/18/19
02/18
18:23
02/18/19
18:23
Earnings
Helix Energy reports Q4 adjusted EPS (9c), consensus (7c) »

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F

Ford

$8.54

0.115 (1.37%)

18:17
02/18/19
02/18
18:17
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18:17
Periodicals
Jury awards $152M in Ford Explorer rollover case, Reuters reports »

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GM

General Motors

$39.10

0.21 (0.54%)

, VLKAY

Volkswagen

$0.00

(0.00%)

18:14
02/18/19
02/18
18:14
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18:14
Periodicals
U.S. Commerce Department submits auto tariff probe report, Reuters says »

The U.S. Commerce…

GM

General Motors

$39.10

0.21 (0.54%)

VLKAY

Volkswagen

$0.00

(0.00%)

NSANY

Nissan

$0.00

(0.00%)

F

Ford

$8.54

0.115 (1.37%)

FCAU

Fiat Chrysler

$14.75

0.09 (0.61%)

HMC

Honda

$27.35

0.04 (0.15%)

TM

Toyota

$121.15

1.941 (1.63%)

DDAIF

Daimler AG

$0.00

(0.00%)

03/08/13
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FB

Facebook

$162.54

-1.4 (-0.85%)

18:10
02/18/19
02/18
18:10
02/18/19
18:10
Periodicals
Facebook says 'open to meaningful regulation,' Reuters reports »

Facebook is "open to…

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BABA

Alibaba

$166.07

-2.31 (-1.37%)

18:06
02/18/19
02/18
18:06
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18:06
Periodicals
Alibaba unit behind app for Communist Party news content, Reuters says »

A Chinese government…

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  • 03

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FB

Facebook

$162.54

-1.4 (-0.85%)

18:01
02/18/19
02/18
18:01
02/18/19
18:01
Earnings
Facebook targeted in scathing report by British Parliament, NY Times reports »

After 18 months…

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PZZA

Papa John's

$45.28

1.71 (3.92%)

17:56
02/18/19
02/18
17:56
02/18/19
17:56
Periodicals
Papa John's founder welcomes hedge fund Starboard, Reuters reports »

Papa John's founder…

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GM

General Motors

$39.10

0.21 (0.54%)

, VLKAY

Volkswagen

$0.00

(0.00%)

17:53
02/18/19
02/18
17:53
02/18/19
17:53
Periodicals
Auto industry lining up against possible tariffs, Reuters reports »

The auto industry urged…

GM

General Motors

$39.10

0.21 (0.54%)

VLKAY

Volkswagen

$0.00

(0.00%)

NSANY

Nissan

$0.00

(0.00%)

F

Ford

$8.54

0.115 (1.37%)

FCAU

Fiat Chrysler

$14.75

0.09 (0.61%)

HMC

Honda

$27.35

0.04 (0.15%)

TM

Toyota

$121.15

1.941 (1.63%)

DDAIF

Daimler AG

$0.00

(0.00%)

03/08/13
Wedge Partners
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DOOR

Masonite

$57.31

-0.07 (-0.12%)

17:41
02/18/19
02/18
17:41
02/18/19
17:41
Earnings
Masonite reports Q4 adjusted EPS 68c, consensus 80c »

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  • 19

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LECO

Lincoln Electric

$88.48

1.27 (1.46%)

17:34
02/18/19
02/18
17:34
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17:34
Hot Stocks
Lincoln Electric Board declares quarterly dividend of 47c per common share »

Lincoln Electric…

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RIG

Transocean

$8.93

0.395 (4.63%)

17:28
02/18/19
02/18
17:28
02/18/19
17:28
Earnings
Transocean reports Q4 EPS (34c), consensus (24c) »

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CLR

Continental Resources

$46.94

1.8 (3.99%)

17:14
02/18/19
02/18
17:14
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Earnings
Continental Resources reports Q4 adjusted 54c, consensus 62c »

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SPN

Superior Energy

$4.43

0.165 (3.87%)

16:53
02/18/19
02/18
16:53
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16:53
Earnings
Superior Energy reports Q4 EPS ($4.85), may not compare consensus (0.28c) »

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  • 19

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MSG

Madison Square Garden

$291.37

0.85 (0.29%)

16:46
02/18/19
02/18
16:46
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16:46
Periodicals
MSG denies Knicks sale talks after Bill Simmons claims otherwise »

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WIN

Windstream

$3.37

0.2 (6.31%)

16:45
02/18/19
02/18
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16:45
Hot Stocks
Windstream postpones release of Q4, FY18 financial results »

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  • 25

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UFPI

Universal Forest

$32.22

0.36 (1.13%)

16:43
02/18/19
02/18
16:43
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16:43
Hot Stocks
Universal Forest signs agreement to acquire Wolverine Wood Products »

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  • 21

    Feb

SCI

Service Corp.

$45.96

0.56 (1.23%)

16:36
02/18/19
02/18
16:36
02/18/19
16:36
Earnings
Breaking Earnings news story on Service Corp. »

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  • 19

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SCI

Service Corp.

$45.96

0.56 (1.23%)

16:34
02/18/19
02/18
16:34
02/18/19
16:34
Earnings
Service Corp. reports Q4 adjusted EPS 54c, consensus 56c »

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  • 19

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APY

Apergy

$36.84

0.92 (2.56%)

16:27
02/18/19
02/18
16:27
02/18/19
16:27
Earnings
Apergy reports Q4 adjusted EPS 36c, consensus 33c »

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  • 19

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NAVI

Navient

$11.75

0.12 (1.03%)

16:20
02/18/19
02/18
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16:20
Hot Stocks
Navient rejects highly conditional unsolicited 'expression of interest' »

Navient announced that it…

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SLCA

U.S. Silica

$14.41

-0.005 (-0.03%)

16:15
02/18/19
02/18
16:15
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16:15
Hot Stocks
24 SandBox Logistics patent claims invalidated »

Proppant Express…

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JBHT

J.B. Hunt

$113.78

1.66 (1.48%)

16:12
02/18/19
02/18
16:12
02/18/19
16:12
Hot Stocks
J.B. Hunt completes acquisition of Cory 1st Choice Home Delivery »

J.B. Hunt announced the…

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