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FB

Facebook

$179.08

1.59 (0.90%)

, NFLX

Netflix

$351.14

-16.64 (-4.52%)

16:44
04/12/19
04/12
16:44
04/12/19
16:44

Netflix CEO leaving FB board talked about for some time, Andrew Ross Sorkin says

Following Facebook's (FB) announcement that Netflix (NFLX) CEO Reed Hastings will not be nominated for re-election at the 2019 annual meeting of stockholders, Andrew Ross Sorkin of CNBC and the New York Times reported that Hastings' departure had been talked about for "some time" due to the increasing view it could become a conflict as Facebook moves more into video services. Reference Link

FB

Facebook

$179.08

1.59 (0.90%)

NFLX

Netflix

$351.14

-16.64 (-4.52%)

  • 16

    Apr

  • 24

    Apr

FB Facebook
$179.08

1.59 (0.90%)

04/09/19
MSCO
04/09/19
NO CHANGE
Target $195
MSCO
Overweight
Facebook price target raised to $195 on Stories monetization at Morgan Stanley
Morgan Stanley analyst Brian Nowak said he is bullish on Instagram's commerce opportunity, which he believes could add $4B or more to North America ad revenue by 2021, but that developing a stronger payments offering to capitalize will take some time. Monetizing Stories "took time too," said Nowak, who added that his agency conversations on Stories pricing and ROI have been positive and he believes Stories are monetizing now. He raised his FY19 revenue and EPS estimates by 1% each, increased his price target on Facebook shares to $195 from $190 and keeps an Overweight rating on the stock.
04/05/19
BARD
04/05/19
NO CHANGE
Target $208
BARD
Outperform
Baird boosts Shopify target to $208 from $188 after 'positive' checks
Baird analyst Colin Sebastian raised his price target for Shopify (SHOP) to $208 from $188 and keeps an Outperform rating on the shares following "positive" channel checks. The stock closed yesterday down 5% to $194.75 following a cautious research report from short-seller Citron Research. Channel checks suggest Shopify continues to consolidate share, despite intensifying competitive concerns from Adobe (ABDE), Facebook/Instagram (FB), Microsoft (MSFT), Salesforce (CRM) and Square (SQ), Sebastian tells investors in a research note. The analyst believes it will "take years and significant investment for others to catch up." Further, enterprise, international and merchant services offer incremental growth potential for Shopify, says the analyst. While not in "pound the table" territory, investors should opportunistically add or build to positions in the name on pullbacks, contends Sebastian.
04/04/19
04/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Neutral at Guggenheim with analyst Michael Morris saying investors will continue to gain comfort with the incremental financial risk created by Facebook's content and privacy concerns. 2. NIO Inc. (NIO) upgraded to Buy from Neutral at Citi and to Neutral from Underperform at BofA/Merrill. 3. Ingersoll-Rand (IR) upgraded to Buy from Neutral at BofA/Merrill with analyst Andrew Obin citing premium core and earnings growth. 4. EOG Resources (EOG) upgraded to Buy from Hold at Tudor Pickering. 5. Signature Bank (SBNY) upgraded to Overweight from Neutral at JPMorgan with analyst Steven Alexopoulos raising his price target for the shares to $150 from $133. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/04/19
LOOP
04/04/19
NO CHANGE
Target $200
LOOP
Buy
Facebook break-up unlikely, says Loop Capital
Loop Capital analyst Alan Gould kept his Buy rating and $200 price target on Facebook after holding a call with a "leading Washington expert on antitrust and a former general counsel to the Senate Antitrust Committee, Seth Bloom". The analyst says the expert suggested that the company may have to pay a "major fine" of up to $5B to resolve the alleged violation of its 2011 consent decree and the regulators may ask for some changes in management such as requesting that CEO Zuckerberg resigns from his post as Chairman. However, Gould believes that proving anti-competitive behavior allowing the government to break up Facebook would be difficult. The analyst maintains his view that the shares are "attractively priced", particularly given the value of monetization from its WhatsApp and Messenger platforms.
NFLX Netflix
$351.14

-16.64 (-4.52%)

04/12/19
MSCO
04/12/19
NO CHANGE
Target $135
MSCO
Overweight
Morgan Stanley says Disney+ sub outlook, profitability path better than expected
Morgan Stanley analyst Benjamin Swinburne said Disney's (DIS) target for 60M-90M Disney+ subscribers by year-end 2024 was well above his prior 30M subscriber expectation and that the company's guidance for roughly 110M-160M subscriptions for its three major OTT subscription services by 2024 was also well ahead of his forecast for just over 90M. Profitability by FY24 is also earlier than his expectations, noted Swinburne, who believes Disney's expected timeline for DTC profitability has positive implications for long-term EPS. While there may be short-term pressure on Netflix (NFLX) following the Disney investor day, Swinburne advises investors use any selloff as a buying opportunity, citing his view that Netflix will still be offering greater breadth and volume of content. The analyst keeps Overweight ratings on Disney and Netflix shares.
04/12/19
RHCO
04/12/19
NO CHANGE
RHCO
Disney+ not a 'strong alternative' to Netflix, says SunTrust
SunTrust analyst Matthew Thornton keeps his Buy rating on Netflix (NFLX) after Disney's (DIS) Disney+ investor day presentation, saying that while he continues to view the platform posing incremental competition for new subscriber adds, he expects it to be "manageable". The analyst notes that the Disney+ event contained "no big surprises in terms of pricing, timing, availability, and content", adding that the accelerated cord-cutting from the launch should also be positive for Netflix, which offers a "much broader range of content". Thornton further states that Disney+ should be a "modest incremental positive" for his Buy-rated Roku (ROKU) as it will be available for sale on its platform given its "potential for direct monetization."
04/11/19
KEYB
04/11/19
NO CHANGE
KEYB
Sector Weight
Netflix Q1 earnings, Q2 outlook should remain 'solid,' says KeyBanc
KeyBanc analyst Andy Hargreaves expects Netflix's Q1 results to be at least in line with consensus, and guidance for Q2 global paid net adds ahead of the sell-side consensus of 5.7M. The analyst reiterates a Sector Weight rating on the shares.
04/11/19
WEDB
04/11/19
NO CHANGE
Target $165
WEDB
Underperform
Netflix domestic price increases may weigh on Q2 subscriptions guide, says Wedbush
Ahead of Netflix's quarterly results, Wedbush analyst Michael Pachter expects content spending to drive substantial cash burn for many years. International profits may remain elusive due to competition for content and subscriptions, and imminent competition from content vendors may cause subscriber growth to stall, he contends. Further, Pachter notes that late-quarter roll out of domestic price increases suggests upside to subscription adds, it may weight on Q2 subscriptions guide. He reiterates an Underperform rating and $165 price target on the shares.

TODAY'S FREE FLY STORIES

ACRGF

Acreage Holdings

$0.00

(0.00%)

06:18
04/18/19
04/18
06:18
04/18/19
06:18
Hot Stocks
Acreage Holdings to acquire Deep Roots Medical for $120M in common units, cash »

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  • 07

    May

CRM

Salesforce

$155.31

-3.37 (-2.12%)

06:17
04/18/19
04/18
06:17
04/18/19
06:17
Hot Stocks
Salesforce agrees to acquire MapAnything; financial terms not disclosed »

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FB

Facebook

$178.77

-0.13 (-0.07%)

06:15
04/18/19
04/18
06:15
04/18/19
06:15
Periodicals
Facebook 'unintentionally' uploaded email contacts of 1.5M users, BI reports »

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  • 24

    Apr

MSFT

Microsoft

$121.75

1.09 (0.90%)

06:14
04/18/19
04/18
06:14
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06:14
Periodicals
Microsoft rejects facial-recognition sale on human rights concerns, Reuters says »

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  • 24

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NOW

ServiceNow

$236.15

-3.65 (-1.52%)

, ZEN

Zendesk

$80.79

-1.17 (-1.43%)

06:14
04/18/19
04/18
06:14
04/18/19
06:14
Recommendations
ServiceNow, Zendesk, LogMeln analyst commentary at Piper Jaffray »

ServiceNow price target…

NOW

ServiceNow

$236.15

-3.65 (-1.52%)

ZEN

Zendesk

$80.79

-1.17 (-1.43%)

LOGM

LogMeln

$81.22

-0.74 (-0.90%)

03/08/13
Wedge Partners
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Credit Suisse
03/06/13
Citigroup
03/06/13
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FB

Facebook

$178.77

-0.13 (-0.07%)

, AMZN

Amazon.com

$1,864.63

3.63 (0.20%)

06:12
04/18/19
04/18
06:12
04/18/19
06:12
Periodicals
Facebook confirms work on voice, AI assistant technologies, Reuters reports »

A Facebook spokesperson…

FB

Facebook

$178.77

-0.13 (-0.07%)

AMZN

Amazon.com

$1,864.63

3.63 (0.20%)

AAPL

Apple

$203.14

4.14 (2.08%)

MSFT

Microsoft

$121.75

1.09 (0.90%)

GOOG

Alphabet

$1,235.76

8.7 (0.71%)

GOOGL

Alphabet Class A

$1,240.35

8.44 (0.69%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 24

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  • 10

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  • 03

    Jun

  • 23

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  • 06

    Aug

  • 27

    Oct

GBX

Greenbrier

$33.37

0.12 (0.36%)

06:11
04/18/19
04/18
06:11
04/18/19
06:11
Hot Stocks
Greenbrier to acquire manufacturing business of American Railcar »

Greenbrier announced that…

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  • 13

    Nov

STI

SunTrust

$63.77

0.475 (0.75%)

06:11
04/18/19
04/18
06:11
04/18/19
06:11
Earnings
SunTrust reports Q1 EPS $1.24, consensus $1.30 »

Reports Q1 revenue…

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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 18

    Apr

  • 23

    Apr

  • 29

    May

UAA

Under Armour

$21.94

0.14 (0.64%)

, UA

Under Armour

$19.66

0.19 (0.98%)

06:10
04/18/19
04/18
06:10
04/18/19
06:10
Recommendations
Under Armour, Under Armour, Nike, Adidas analyst commentary at Piper Jaffray »

Under Armour Q1…

UAA

Under Armour

$21.94

0.14 (0.64%)

UA

Under Armour

$19.66

0.19 (0.98%)

NKE

Nike

$88.74

0.84 (0.96%)

ADDYY

Adidas

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 09

    May

  • 09

    May

PEP

PepsiCo

$127.05

4.55 (3.71%)

06:09
04/18/19
04/18
06:09
04/18/19
06:09
Upgrade
PepsiCo rating change  »

PepsiCo upgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 01

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  • 18

    May

NMIH

NMI Holdings

$27.08

-0.25 (-0.91%)

06:09
04/18/19
04/18
06:09
04/18/19
06:09
Initiation
NMI Holdings initiated  »

NMI Holdings initiated…

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  • 01

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TRX

Tanzanian Royalty

$0.81

0.039 (5.06%)

06:08
04/18/19
04/18
06:08
04/18/19
06:08
Syndicate
Tanzanian Royalty announces sale of $350,000 of common shares »

Tanzanian Gold's,…

03/08/13
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TROW

T. Rowe Price

$106.15

-0.54 (-0.51%)

, TSLA

Tesla

$271.12

-1.38 (-0.51%)

06:08
04/18/19
04/18
06:08
04/18/19
06:08
Periodicals
T. Rowe Price funds cut Tesla holdings in Q1, Reuters reports »

T. Rowe Price (TROW)…

TROW

T. Rowe Price

$106.15

-0.54 (-0.51%)

TSLA

Tesla

$271.12

-1.38 (-0.51%)

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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  • 22

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ENV

Envestnet

$69.17

-0.39 (-0.56%)

06:07
04/18/19
04/18
06:07
04/18/19
06:07
Initiation
Envestnet initiated  »

Envestnet initiated with…

03/08/13
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  • 16

    May

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GTLS

Chart Industries

$88.07

1.13 (1.30%)

06:07
04/18/19
04/18
06:07
04/18/19
06:07
Earnings
Chart Industries raises FY19 adjusted EPS view to $2.70-$3.05 from $2.50-$2.85 »

Consensus for FY19 EPS is…

03/08/13
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  • 18

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BA

Boeing

$377.54

-3.96 (-1.04%)

06:06
04/18/19
04/18
06:06
04/18/19
06:06
Hot Stocks
Boeing making 'steady progress' on path to 737 MAX software certification »

Boeing is making…

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  • 24

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DHR

Danaher

$124.88

-3.3 (-2.57%)

06:05
04/18/19
04/18
06:05
04/18/19
06:05
Earnings
Breaking Earnings news story on Danaher »

Danaher cuts FY19 adj.…

03/08/13
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  • 18

    Apr

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    May

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    May

ULTA

Ulta Beauty

$354.24

-1.07 (-0.30%)

06:05
04/18/19
04/18
06:05
04/18/19
06:05
Recommendations
Ulta Beauty analyst commentary at Piper Jaffray »

Ulta Beauty price target…

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03/06/13
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GTLS

Chart Industries

$88.07

1.13 (1.30%)

06:05
04/18/19
04/18
06:05
04/18/19
06:05
Earnings
Chart Industries reports Q1 adjusted EPS 39c, consensus 44c »

Reports Q1 revenue…

03/08/13
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03/08/13
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  • 18

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CF

CF Industries

$44.63

0.77 (1.76%)

06:04
04/18/19
04/18
06:04
04/18/19
06:04
Downgrade
CF Industries rating change  »

CF Industries downgraded…

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  • 08

    May

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    May

  • 13

    Nov

DHR

Danaher

$124.88

-3.3 (-2.57%)

06:03
04/18/19
04/18
06:03
04/18/19
06:03
Earnings
Breaking Earnings news story on Danaher »

Danaher sees Q2 adj. EPS…

03/08/13
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  • 18

    Apr

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    May

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    May

RF

Regions Financial

$15.78

0.22 (1.41%)

06:03
04/18/19
04/18
06:03
04/18/19
06:03
Hot Stocks
Breaking Hot Stocks news story on Regions Financial »

Regions Financial reports…

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RF

Regions Financial

$15.78

0.22 (1.41%)

06:02
04/18/19
04/18
06:02
04/18/19
06:02
Hot Stocks
Regions Financial CEO says 'We began 2019 with positive momentum' »

"We began 2019 with…

03/08/13
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  • 18

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    Jun

DHR

Danaher

$124.88

-3.3 (-2.57%)

06:02
04/18/19
04/18
06:02
04/18/19
06:02
Earnings
Danaher reports Q1 adj. EPS $1.07, consensus $1.01 »

Reports Q1 revenue…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 18

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  • 29

    May

SF

Stifel Financial

$59.12

-0.14 (-0.24%)

06:02
04/18/19
04/18
06:02
04/18/19
06:02
Hot Stocks
Stifel Financial to acquire Mooreland Partners, terms not disclosed »

Stifel Financial…

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