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SNAP

Snap

$11.34

0.17 (1.52%)

, ZNGA

Zynga

$5.35

-0.105 (-1.93%)

14:23
04/04/19
04/04
14:23
04/04/19
14:23

Snap launches Snap Games gaming platform

Snap Inc. unveiled Snap Games -- an all-new real-time multiplayer gaming platform featuring original and third-party games from Game Closure, PikPok, Spry Fox, Zeptolab, and Zynga (ZNGA). Starting today, Snap will begin rolling out a series of made-for-Snapchat games, including Bitmoji Party, Alphabear Hustle, C.A.T.S. (Crash Arena Turbo Stars) Drift Race, Snake Squad, Tiny Royale, and Zombie Rescue Squad. Snap Games will include monetization opportunities for its game development partners and Snap. The platform will launch with video advertising featuring Snap's non-skippable, six second commercials ad format that launched in Q3 of 2018. Over the coming months, Snap Games will slowly expand its developer partners across various genres and styles.

SNAP

Snap

$11.34

0.17 (1.52%)

ZNGA

Zynga

$5.35

-0.105 (-1.93%)

  • 04

    Apr

  • 23

    Apr

SNAP Snap
$11.34

0.17 (1.52%)

03/14/19
BTIG
03/14/19
UPGRADE
BTIG
Buy
Snap upgraded to Buy from Neutral at BTIG
03/14/19
BTIG
03/14/19
UPGRADE
Target $15
BTIG
Buy
Snap upgraded to Buy from Neutral at BTIG
BTIG analyst Richard Greenfield upgraded Snap to Buy with a price target of $15, citing the "surge in spending in North America on Snapchat from advertisers", who are increasingly focused on its "compelling" return on investment. The analyst states that the low relative bid prices on advertising inventory for Snap started in Q3 and "really picked up" in Q4, anticipating direct impact on the company's revenue in 2019. Greenfield also cites the "meaningful reduction in clickbait/seedy influencer content" in Snap's Discover section and an increase in the "premium/publisher content - illustrating a change in the underlying algorithm, along with improved morale relative to "all-time lows" in 2018 after hiring of a number of new senior executives.
03/14/19
JEFF
03/14/19
NO CHANGE
Target $11
JEFF
Hold
Jefferies boosts Snap target to $11 after management meeting, keeps Hold rating
Jefferies analyst Brent Thill raised his price target for Snap to $11 from $9 after meeting with management. The analyst came away "generally impressed" with the "cohesion and positive steps" on the company's "road to recovery." While still early in the recovery, Snap has taken positive steps to internally improve, Thill tells investors in a research note. The Android rebuild roll-out is still early, but results are promising for full release by year end, the analyst adds. Further, he believes Snap's engagement "remains healthy" and that increasing partnerships and localization will help to continue to drive deeper reach. Thill's higher target reflects an increased multiple as well as Snap's increased monetization opportunity and expense control. Even with the shares up 80% year-to-date, investor sentiment continues to remain negative and there is opportunity for long term investors, the analyst contends. However, he feels Snap is "not out of the woods yet" and keeps a Hold rating on the name.
03/14/19
03/14/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Mills (GIS) upgraded to Buy from Hold at Deutsche Bank with analyst Rob Dickerson saying although the stock is up 20% year-to-date, pressure still exists in the company's snack bar and soup categories, and divestment dilution risk looms. 2. Snap (SNAP) upgraded to Buy from Neutral at BTIG with analyst Richard Greenfield citing the "surge in spending in North America on Snapchat from advertisers," who are increasingly focused on its "compelling" return on investment. 3. Hilton (HLT) upgraded to Buy from Hold at Argus with analyst John Staszak saying the company should see above-peer-average earnings growth over time thanks to its "asset-light business model, in which it franchises rather than owns hotels." 4. Forum Energy (FET) upgraded to Buy from Neutral at Citi with analyst Scott Gruber saying the company has made free cash flow a priority and believes it can generate $100M annually. 5. Petrobras (PBR) upgraded to Buy from Hold at HSBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ZNGA Zynga
$5.35

-0.105 (-1.93%)

01/30/19
01/30/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. United Continental (UAL) initiated with a Buy at Argus. 2. Amicus (FOLD) initiated with an Overweight at Cantor Fitzgerald. 3. Take-Two (TTWO) and Zynga (ZNGA) were initiated with a Buy at Goldman Sachs, while Electronic Arts (EA) and Activision Blizzard (ATVI) were initiated with a Neutral. 4. Sirius XM (SIRI) resumed with a Buy at B. Riley. 5. National Grid (NGG) initiated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/07/19
PIPR
02/07/19
NO CHANGE
Target $6
PIPR
Overweight
Zynga price target raised to $6 from $5 at Piper Jaffray
Piper Jaffray analyst Michael Olson raised his price target for Zynga to $6 after the company reported Q4 bookings and adjusted EBITDA above consensus. Further, the company's Q1 bookings and adjusted EBITDA guidance also came in ahead of expectations, Olson tells investors in a post-earnings research note. The analyst believes Zynga's pipeline for 2019 may include a new Harry Potter title, Game of Thrones title, new expansion of the Merge! franchise, and either Farmville or Cityville mobile. He maintains an Overweight rating on the shares.
03/12/19
MSCO
03/12/19
NO CHANGE
Target $5.75
MSCO
Overweight
Zynga quarter-to-date bookings encouraging, says Morgan Stanley
Morgan Stanley analyst Brian Nowak said he thinks quarter-to-date trends for Zynga's portfolio imply modest organic growth in Q1 against record bookings last quarter, adding that he believes "Merge Dragons" is performing particularly well. After raising his 2019 and 2020 EBITDA estimates by 5% and 4%, respectively, driven by increased near-term expectations for "Merge Dragons" and "Empires & Puzzles," Nowak increased his price target on Zynga shares to $5.75 from $5.25 and keeps an Overweight rating on the stock.
03/26/19
MSCO
03/26/19
NO CHANGE
MSCO
Apple Arcade doesn't pose major threat to game makers, says Morgan Stanley
After Apple (AAPL) announced Arcade, a subscription service for mobile games, Morgan Stanley Brian Nowak said the service does not currently pose a major competitive threat to large game publishers Activision Blizzard (ATVI), Electronic Arts (EA) or Take-Two (TTWO). Apple's service doesn't include AAA quality content substitutable for their key franchises and didn't disclose plans to create its own first-party content, noted Nowak, who said that Apple could potentially be a direct competitor to mobile-focused Zynga (ZNGA). However, the overlap is limited by the fact that Zynga focuses exclusively on free-to-play, Nowak added.

TODAY'S FREE FLY STORIES

OMAB

OMA Airports

$48.34

-0.25 (-0.51%)

18:18
04/24/19
04/24
18:18
04/24/19
18:18
Earnings
OMA Airports reports Q1 EPS 67c, two estimates 73c »

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HMC

Honda

$27.70

-0.8 (-2.81%)

18:07
04/24/19
04/24
18:07
04/24/19
18:07
Hot Stocks
Honda to recall roughly 94,000 cars in U.S. over faulty timing belts »

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  • 24

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NTDOY

Nintendo

$0.00

(0.00%)

18:05
04/24/19
04/24
18:05
04/24/19
18:05
Hot Stocks
Nintendo says 'Super Mario Maker 2' coming to Switch June 28 »

Nintendo announced that…

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  • 08

    Jun

ARGO

Argo Group

$74.46

0.515 (0.70%)

18:04
04/24/19
04/24
18:04
04/24/19
18:04
Hot Stocks
Argo Group says Voce making 'false and misleading' statements about company »

Argo Group International…

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  • 11

    Jun

SJW

SJW Corp.

$61.56

0.3 (0.49%)

18:03
04/24/19
04/24
18:03
04/24/19
18:03
Earnings
SJW Corp. reports Q1 EPS 21c with items, consensus 14c »

Reports Q1 revenue 77.7M$…

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  • 24

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CE

Celanese

$110.96

-1.19 (-1.06%)

18:02
04/24/19
04/24
18:02
04/24/19
18:02
Hot Stocks
Celanese announces acetyl intermediates price increases »

Celanese Corporation will…

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  • 30

    Apr

ISTR

Investar Holding

$22.45

-0.09 (-0.40%)

18:02
04/24/19
04/24
18:02
04/24/19
18:02
Earnings
Investar Holding reports Q1 EPS 46c, consensus 45c »

Reports Q1 revenue…

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  • 22

    May

MSFT

Microsoft

$125.00

-0.5 (-0.40%)

18:00
04/24/19
04/24
18:00
04/24/19
18:00
Earnings
Microsoft sees total Q4 revenue at implied $32.2B-$32.9B, consensus $32.63B »

By segment, sees Q4…

03/08/13
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  • 24

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    Aug

ISBC

Investors Bancorp

$12.27

0.07 (0.57%)

17:52
04/24/19
04/24
17:52
04/24/19
17:52
Earnings
Investors Bancorp reports Q1 EPS 18c, consensus 20c »

Reports Q1 revenue…

03/08/13
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  • 25

    Apr

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FB

Facebook

$182.64

-1.13 (-0.61%)

17:51
04/24/19
04/24
17:51
04/24/19
17:51
Hot Stocks
Facebook CEO says 'quite focused on' commerce and payments »

Says "quite focused…

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  • 24

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FB

Facebook

$182.64

-1.13 (-0.61%)

17:42
04/24/19
04/24
17:42
04/24/19
17:42
Hot Stocks
Facebook says encrypted communications to be big focus in next couple of years »

Says shift to encrypted…

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CLB

Core Laboratories

$72.91

-1.605 (-2.15%)

17:42
04/24/19
04/24
17:42
04/24/19
17:42
Earnings
Core Laboratories sees Q2 EPS 47c-50c, consensus 49c »

Sees Q2 revenue…

03/08/13
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03/08/13
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03/06/13
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  • 25

    Apr

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    Apr

  • 01

    May

CLB

Core Laboratories

$72.91

-1.605 (-2.15%)

17:41
04/24/19
04/24
17:41
04/24/19
17:41
Earnings
Core Laboratories reports Q1 adjusted EPS 44c, consensus 43c »

Reports Q1 revenue…

03/08/13
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  • 25

    Apr

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  • 01

    May

MSFT

Microsoft

$125.00

-0.5 (-0.40%)

17:41
04/24/19
04/24
17:41
04/24/19
17:41
Hot Stocks
Microsoft CEO says LinkedIn saw 'record level of engagement' in Q3 »

Says LinkedIn marketing…

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  • 24

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:40
04/24/19
04/24
17:40
04/24/19
17:40
Hot Stocks
Tesla CEO Musk says large number of vehicle deliveries shifted into Q2 »

Says: Expects 1M robo…

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  • 24

    Apr

FB

Facebook

$182.64

-1.13 (-0.61%)

17:33
04/24/19
04/24
17:33
04/24/19
17:33
Hot Stocks
Facebook sees changes making mobile ad targeting more difficult »

Says year-over-year…

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  • 24

    Apr

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  • 03

    Jun

PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:32
04/24/19
04/24
17:32
04/24/19
17:32
Earnings
Breaking Earnings news story on Packaging Corp. »

Packaging Corp sees Q2…

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PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:30
04/24/19
04/24
17:30
04/24/19
17:30
Hot Stocks
Breaking Hot Stocks news story on Packaging Corp. »

Packaging Corp reports Q1…

03/08/13
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  • 25

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:30
04/24/19
04/24
17:30
04/24/19
17:30
Earnings
Tesla expects to significantly reduce loss in Q2, return to profitability in Q3 »

Tesla CEO Elon Musk said,…

03/08/13
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03/08/13
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  • 24

    Apr

FOLD

Amicus

$13.15

-0.12 (-0.90%)

17:30
04/24/19
04/24
17:30
04/24/19
17:30
Syndicate
Breaking Syndicate news story on Amicus »

Amicus files automatic…

03/08/13
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FB

Facebook

$182.64

-1.13 (-0.61%)

17:29
04/24/19
04/24
17:29
04/24/19
17:29
Hot Stocks
Facebook says number of ad impressions served across all services rose 32% in Q1 »

Comments taken from Q1…

03/08/13
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  • 24

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    Jun

PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:29
04/24/19
04/24
17:29
04/24/19
17:29
Earnings
Packaging Corp. reports Q1 adjusted EPS $1.98, consensus $1.96 »

Reports Q1 revenue…

03/08/13
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  • 25

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:29
04/24/19
04/24
17:29
04/24/19
17:29
Earnings
Tesla sees 2019 capital expenditures of $2.0B-$2.5B »

Tesla CEO Elon Musk said,…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 24

    Apr

MEOH

Methanex

$57.37

-1.63 (-2.76%)

17:28
04/24/19
04/24
17:28
04/24/19
17:28
Earnings
Methanex reports Q1 adjusted EPS 73c, consensus 88c »

Reports Q1 revenue $733M,…

03/08/13
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  • 25

    Apr

TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:27
04/24/19
04/24
17:27
04/24/19
17:27
Earnings
Tesla sees energy generation, storage revenue increasing 'significantly' in 2019 »

Tesla CEO Elon Musk said,…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 24

    Apr

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