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PINS

Pinterest

$0.00

(0.00%)

, LYFT

Lyft

$56.21

0.1 (0.18%)

06:36
04/17/19
04/17
06:36
04/17/19
06:36

Pinterest, Zoom to go public following Lyft's stumble, WSJ reports

Tech unicorns Pinterest (PINS) and Zoom Video Communications are launching in the public markets on Thursday following the recent debut of Lyft (LYFT), which stumbled after the move casting a pall over the market, the Wall Street Journal's Corrie Driebusch and Maureen Farrell reports, citing people familiar with the matter. Pinterest is likely to price it shares above its proposed range on Wednesday, according to sources, however it may be eclipsed in valuation by Zoom, which has seen such high demand that bankers raised the price range for its IPO Tuesday. Reference Link

PINS

Pinterest

$0.00

(0.00%)

LYFT

Lyft

$56.21

0.1 (0.18%)

  • 07

    May

  • 18

    Apr

PINS Pinterest
$0.00

(0.00%)

04/09/19
ATLE
04/09/19
INITIATION
Target $23
ATLE
Overweight
Atlantic bullish on Pinterest pre-IPO, calls valuation 'not challenging'
Atlantic Equities analyst James Cordwell earlier today initiated coverage of upcoming initial public offering Pinterest (PINS) with an Overweight rating and $23 price target. The company's 75M share IPO is expected to price between $15 and $17 per share. Pinterest's "unique and broadly appealing" proposition, which offers consumers the ability to view and collate visual recommendations, will enable "ongoing robust" user growth, Cordwell told investors in a research note. Further, the analyst expects "significant" monetization upside due to Pinterest's higher purchasing intent of the user base along with a lower current average revenue per user than other advertising-supported platform. Pinterest offers an attractive way to "diversify online advertising exposure" with non-GAAP profitability coming this year 2019 and a "not challenging" valuation, contends Cordwell.
04/15/19
DADA
04/15/19
INITIATION
DADA
Neutral
Pinterest initiated with a Neutral at DA Davidson
04/15/19
DADA
04/15/19
INITIATION
Target $16
DADA
Neutral
Pinterest initiated with a Neutral at DA Davidson
DA Davidson analyst Tom Forte initiated Pinterest with a Neutral rating and a price target of $16. The analyst says the company offers consumers an "impressive visual-based discovery platform for merchandise" and advertisers "a large and growing global base of consumers with purchase intent" - a combination that he believes will "translate into long-term sales and profitability growth." However, Forte also sees the valuation for Pinterest already reflecting his favorable view of the company's growth prospects. The analyst adds that the potential catalysts for Pinterest stock to trade higher in the next 12 months include "product improvements for advertisers, efforts to drive international usage and monetization, and expansion into new content verticals."
04/15/19
04/15/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Pinterest (PINS) initiated with a Neutral at DA Davidson. 2. Five Below (FIVE) initiated with a Buy at BofA/Merrill. 3. Levi Strauss (LEVI) initiated with an Outperform at Telsey Advisory, an Overweight at JPMorgan, a Buy at Citi and Guggenheim, an Equal Weight at Morgan Stanley, and a Neutral at Goldman Sachs and BofA/Merrill. 4. Tocagen (TOCA) initiated with a Market Perform at SVB Leerink. 5. Alcon (ALC) initiated with a Buy at Jefferies, while Allergan (AGN) was initiated with a Hold. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
LYFT Lyft
$56.21

0.1 (0.18%)

04/02/19
04/02/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with a Buy at Cross Research and a Sell at Seaport Global. 2. Dow Inc. (DOW) initiated with an Outperform at BMO Capital and Credit Suisse, an Overweight at Morgan Stanley, as well as a Buy at Deutsche Bank and BofA/Merrill. 3. Sonos (SONO) initiated with a Buy at DA Davidson. 4. Q2 Holdings (QTWO) initiated with an Outperform at William Blair. 5. Intuitive Surgical (ISRG) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/05/19
DAIW
04/05/19
INITIATION
Target $80
DAIW
Buy
Lyft initiated with a Buy at Daiwa
Daiwa analyst Jairam Nathan initiated Lyft with a Buy and a $80 price target.
04/11/19
HSBC
04/11/19
INITIATION
Target $60
HSBC
Hold
Lyft initiated with a Hold at HSBC
HSBC analyst Masha Kahn started Lyft (LYFT) with a Hold rating and $60 price target. While the analyst sees a shift from car ownership to the transportation as a service model, she believes "costs need to fall dramatically" for ride-hailing to cover all transportation needs. Further, since number two players will always scale at a lower margin than dominant players, Lyft deserves a discount to other ride-hailing players that dominate their markets, Kahn tells investors in a research note. The analyst highlight Russia's Yandex (YNDX) as a "significantly less expensive way to gain exposure to ride-hailing."
04/11/19
04/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with a Hold at HSBC. 2. Apple (AAPL), Dell Technologies (DELL), and HP Inc. (HPQ) initiated with a Neutral at Credit Suisse. 3. Yeti (YETI) initiated with an Outperform at Cowen. 4. CVS Health (CVS) initiated with a Market Perform at BMO Capital. 5. Canadian Solar (CSIQ) assumed with a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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SPR

Spirit AeroSystems

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16:45
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General news
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BLK

BlackRock

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TRV

Travelers

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Honeywell

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TRV

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AXP

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ZM

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PINS

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CGC

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Acreage Holdings

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Facebook

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Blackstone

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Adtran

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URI

United Rentals

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Check Point

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Sleep Number

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Skechers

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GBCI

Glacier Bancorp

$41.70

-0.7 (-1.65%)

16:36
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BLMN

Bloomin' Brands

$19.24

0.42 (2.23%)

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APHA

Aphria

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CNP

CenterPoint Energy

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CNP

CenterPoint Energy

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SO

Southern Company

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BANF

BancFirst

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Options
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ZSAN

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BCBP

BCB Bancorp

$13.09

0.08 (0.61%)

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VIX

Volatility Index S&P 500 Options

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OKE

Oneok

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$NSD

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