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SNAP

Snap

$11.84

-0.14 (-1.17%)

, FB

Facebook

$179.68

0.6 (0.34%)

06:32
04/16/19
04/16
06:32
04/16/19
06:32

Snap could run out of cash in three years unless it turns a profit, FT reports

Snap (SNAP) has had a $68M average monthly cash burn since going public in 2017 and may potentially run out of cash in three years unless it turns a profit, the Financial Times' Elaine Moore reports, citing sources. If Snap, which has faced a disastrous Snapchat redesign, a delayed update for Android users, a number of executive departures and rivals like Facebook (FB) copying features, can maintain last quarters strict cost controls average monthly cash burn can drop to $33M giving the company over three years to raise user numbers before it needs new funds. Reference Link

SNAP

Snap

$11.84

-0.14 (-1.17%)

FB

Facebook

$179.68

0.6 (0.34%)

  • 23

    Apr

  • 24

    Apr

SNAP Snap
$11.84

-0.14 (-1.17%)

04/05/19
DADA
04/05/19
NO CHANGE
Target $7
DADA
Buy
Fitbit's Snap partnership a positive, says DA Davidson
DA Davidson analyst Tom Forte kept his Buy rating and $7 price target on Fitbit (FIT) after it announced a Bitmoji partnership with Snap (SNAP) that allows users to access Bitmoji avatars on the face of their Fitbit smartwatches. The analyst says the deal is a positive for Fitbit as it seeks to increase customer engagement and "make personal health more fun".
04/05/19
04/05/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bed Bath & Beyond (BBBY) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Simeon Gutman saying he believes activist intervention presents the potential for upside for the stock in the near-term. 2. Snap (SNAP) upgraded to Hold from Sell at Summit Insights. 3. Northrop Grumman (NOC) upgraded to Positive from Neutral at Susquehanna. 4. Weyerhaeuser (WY) upgraded to Overweight from Equal Weight at Stephens with analyst Mark Connelly saying the stock, which is generally viewed as an income play, has sold off on rate concerns and slower starts. 5. Viacom (VIA, VIAB) upgraded to Outperform from Sector Perform at RBC Capital with analyst Steven Cahall saying the company's "less contentious" than feared DirecTV (T) deal improves its standing and "paves the way toward merger talks" with CBS (CBS). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/05/19
RBCM
04/05/19
UPGRADE
RBCM
Outperform
Snap upgraded to Outperform from Sector Perform at RBC Capital
04/05/19
RBCM
04/05/19
UPGRADE
Target $17
RBCM
Outperform
RBC upgrades Snap to Outperform, says 'finally gaining traction' with Android
RBC Capital analyst Mark Mahaney upgraded Snap to Outperform from Sector Perform and raised his price target for the shares to $17 from $10. The stock closed the day up 56c to $11.84. The analyst sees early evidence that its Android platform improvements are "finally gaining traction." Snap may have reached a fundamentals inflection point, Mahaney told investors in a post-close research note. Further, the analyst views the stock's valuation as "much-less demanding" relative to 2017.
FB Facebook
$179.68

0.6 (0.34%)

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.
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.
04/05/19
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.
04/09/19
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.

TODAY'S FREE FLY STORIES

PYPL

PayPal

$107.18

0.27 (0.25%)

08:30
04/25/19
04/25
08:30
04/25/19
08:30
Recommendations
PayPal analyst commentary at RBC Capital »

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LUV

Southwest

$52.92

0.11 (0.21%)

08:30
04/25/19
04/25
08:30
04/25/19
08:30
Hot Stocks
Southwest sees FY19 CapEx $1.9B-$2B »

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JMIA

Jumia Technologies

$37.15

1.18 (3.28%)

, PINS

Pinterest

$26.80

0.99 (3.84%)

08:30
04/25/19
04/25
08:30
04/25/19
08:30
Options
Three new option listings and one option delisting on April 25th »

New option listings for…

JMIA

Jumia Technologies

$37.15

1.18 (3.28%)

PINS

Pinterest

$26.80

0.99 (3.84%)

ZM

Zoom Video

$63.32

-5.735 (-8.31%)

USG

USG

$43.49

(0.00%)

03/08/13
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SLAB

Silicon Labs

$110.04

16.41 (17.53%)

08:29
04/25/19
04/25
08:29
04/25/19
08:29
Recommendations
Silicon Labs analyst commentary  »

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PFE

Pfizer

$39.39

-0.02 (-0.05%)

08:29
04/25/19
04/25
08:29
04/25/19
08:29
Conference/Events
Pfizer management to meet with Evercore ISI »

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LUV

Southwest

$52.92

0.11 (0.21%)

08:29
04/25/19
04/25
08:29
04/25/19
08:29
Hot Stocks
Southwest sees FY19 CASM ex-fuel up 5.5%-6.5% »

The company said,…

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LUV

Southwest

$52.92

0.11 (0.21%)

08:28
04/25/19
04/25
08:28
04/25/19
08:28
Hot Stocks
Southwest sees Q2 CASM ex-fuel up 10.5%-12.5% »

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  • 25

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APD

Air Products

$199.50

2.83 (1.44%)

08:27
04/25/19
04/25
08:27
04/25/19
08:27
Downgrade
Air Products rating change  »

Air Products downgraded…

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MKTX

MarketAxess

$264.37

1.77 (0.67%)

08:27
04/25/19
04/25
08:27
04/25/19
08:27
Conference/Events
MarketAxess management to meet with William Blair »

Meeting to be held in…

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  • 02

    May

LTXB

LegacyTexas Financial

$38.05

-3.13 (-7.60%)

08:26
04/25/19
04/25
08:26
04/25/19
08:26
Upgrade
LegacyTexas Financial rating change  »

LegacyTexas Financial…

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  • 20

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    May

LUV

Southwest

$52.92

0.11 (0.21%)

08:26
04/25/19
04/25
08:26
04/25/19
08:26
Hot Stocks
Southwest sees Q2 fuel efficiency flat to down 1% »

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LUV

Southwest

$52.92

0.11 (0.21%)

08:25
04/25/19
04/25
08:25
04/25/19
08:25
Hot Stocks
Southwest expects Q2 RASM to increase 5.5%-7.5% »

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  • 25

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YNDX

Yandex

$37.61

-0.17 (-0.45%)

08:24
04/25/19
04/25
08:24
04/25/19
08:24
Earnings
Yandex sees FY19 ruble-based revenues excluding Yandex Market up 30%-34% »

Consensus for FY19…

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  • 25

    Apr

YNDX

Yandex

$37.61

-0.17 (-0.45%)

08:23
04/25/19
04/25
08:23
04/25/19
08:23
Earnings
Yandex reports Q1 EPS 16c, consensus 26c »

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  • 25

    Apr

LEN

Lennar

$52.63

0.17 (0.32%)

08:23
04/25/19
04/25
08:23
04/25/19
08:23
Conference/Events
Lennar management to meet with KeyBanc »

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  • 02

    May

ASPS

Altisource

$23.68

-0.08 (-0.34%)

08:22
04/25/19
04/25
08:22
04/25/19
08:22
Earnings
Altisource reports Q1 adjusted EPS 48c vs. 48c a year ago »

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  • 25

    Apr

FB

Facebook

$182.64

-1.13 (-0.61%)

08:21
04/25/19
04/25
08:21
04/25/19
08:21
Recommendations
Facebook analyst commentary at Wedbush »

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  • 28

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    Jun

$DJT

DJ Transportation Average

$0.00

(0.00%)

08:21
04/25/19
04/25
08:21
04/25/19
08:21
Technical Analysis
DJ Transportation Average: Pivot points »

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UTL

Unitil

$54.18

0.43 (0.80%)

08:20
04/25/19
04/25
08:20
04/25/19
08:20
Earnings
Unitil reports Q1 EPS $1.78 with items, consensus $1.25 »

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  • 25

    Apr

HMI

Huami

$11.05

-1.355 (-10.93%)

08:20
04/25/19
04/25
08:20
04/25/19
08:20
Syndicate
Huami 7.93M share Secondary priced at $9.75 »

Morgan Stanley, Credit…

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  • 25

    Apr

$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
04/25/19
04/25
08:20
04/25/19
08:20
Technical Analysis
DJ Utility Average: Pivot points »

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HSIC

Henry Schein

$64.15

0.92 (1.46%)

08:20
04/25/19
04/25
08:20
04/25/19
08:20
Hot Stocks
Henry Schein, MindChild Medical announce distribution, supply agreement »

Henry Schein Medical, the…

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  • 07

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
04/25/19
04/25
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04/25/19
08:20
Technical Analysis
Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$199.53

1.71 (0.86%)

08:20
04/25/19
04/25
08:20
04/25/19
08:20
Technical Analysis
iShares Transportation Average: Pivot points »

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XLK

Technology Select Sector SPDR

$78.88

0.03 (0.04%)

08:19
04/25/19
04/25
08:19
04/25/19
08:19
Technical Analysis
Technology Select Sector SPDR: Pivot points »

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