Breaking News Instant updates and real-time market news.

SNAP

Snap

$11.99

0.46 (3.99%)

08:36
04/24/19
04/24
08:36
04/24/19
08:36

Snap revenue accelerated in Q1, says RBC Capital

RBC Capital analyst Mark Mahaney kept his Outperform rating and $17 price target on Snap, citing the company's Q1 earnings beat and accelerated 39% revenue growth while noting that its outlook for Q2 suggests a similar rate of growth. The analyst adds that while the management was "somewhat cautious" on daily active user trends for Q2, this could be due to its "conservatism" in guidance. Mahaney contends that his Upgrade call on Snap earlier this month is being confirmed with the quarter's fundamentals - revenue, DAUs, gross margin, EBITDA, free cash flow - all showing improvement.

SNAP Snap
$11.99

0.46 (3.99%)

04/24/19
JPMS
04/24/19
UPGRADE
Target $11
JPMS
Neutral
JPMorgan, more encouraged after Q1 results, upgrades Snap to Neutral
JPMorgan analyst Doug Anmuth upgraded Snap to Neutral from Underweight and raised his price target for the shares to $11 from $7. The stock in premarket trading is up 6%, or 67c, to $12.66. Following yesterday's Q1 results, the analyst is more encouraged by the company's Andriod rollout and progress across its advertising platform. He believes Snap sped up its Android app rollout based on favorable early trends. Further, the company grew daily active users quarter-over-quarter for the first time in four quarters in Q1, adding 4M to 190M, Anmuth tells investors in a research note. He thinks Snap has grown operationally stronger and more disciplined. However, while encouraged by the new Android app rollout, Anmuth also believes it will be challenging for Snap to "age-up its user base over time."
04/24/19
ADAM
04/24/19
NO CHANGE
Target $13
ADAM
Hold
Snap price target raised to $13 from $9.50 at Canaccord
Canaccord analyst Michael Graham raised his price target for Snap to $13 from $9.50, but maintained his Hold rating. After several quarters of challenging user dynamics, Snap's Q1 Daily Active Users grew ~2% sequentially, although were still down year-over-year, Graham tells investors in a research note. However, Graham says that while Snap's revenue performance is encouraging and he is taking a modestly more constructive view on users, he thinks both of these dynamics are already reflected in the stock price.
04/24/19
LEHM
04/24/19
NO CHANGE
Target $14
LEHM
Overweight
Snap price target raised to $14 from $12 at Barclays
Barclays analyst Ross Sandler raised his price target for Snap to $14 from $12 citing the company's "strong performance" in Q1. The analyst keeps an Overweight rating on the shares but admits the "honeymoon may be near the end." While Q1 daily active user net-adds were above buy side expectations at 4M, Snap said that Q2 is likely to drop back down to 0-3M despite Android rolling out to all users worldwide, based on weaker seasonality, Sandler tells investors in a research note. Nonetheless, he keeps an Overweight rating on the shares.
04/24/19
SBSH
04/24/19
NO CHANGE
Target $14
SBSH
Neutral
Snap results encouraging, but valuation 'appears full,' says Citi
Citi analyst Mark May views Snap's Q1 results as encouraging, but adds its outlook "was more mixed." While the Q2 revenue guidance was only in-line with consensus at the midpoint and adjusted EBITDA was below, the company has recently topped its guidance, which could suggest upside to forecasts, May tells investors in a post-earnings research note. The analyst, however, believes Snap's valuation "appears full." He raised his price target for the shares to $14 from $13 and keeps a Neutral rating on the name.

TODAY'S FREE FLY STORIES

ENBL

Enable Midstream

04:56
06/20/19
06/20
04:56
06/20/19
04:56
Initiation
Enable Midstream initiated  »

Enable Midstream…

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

See Street Research during your Free Trial

GHDX

Genomic Health

$54.26

-0.04 (-0.07%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Upgrade
Genomic Health rating change  »

Genomic Health upgraded…

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

See Street Research during your Free Trial

  • 06

    Aug

CACI

CACI

$206.19

2.03 (0.99%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
CACI to hold a conference call »

Management holds a fiscal…

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

See Street Research during your Free Trial

  • 20

    Jun

SIGI

Selective Insurance

$76.39

0.24 (0.32%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Selective Insurance management to meet with Buckingham »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 20

    Jun

  • 21

    Jun

RVNC

Revance

$11.57

0.09 (0.78%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Revance management to meet with Needham »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 20

    Jun

  • 10

    Jul

  • 11

    Jul

SMG

Scotts Miracle-Gro

$98.53

0.4 (0.41%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Scotts Miracle-Gro management to meet with William Blair »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 20

    Jun

  • 21

    Jun

AJG

Arthur J. Gallagher

$86.81

0.775 (0.90%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Arthur J. Gallagher management to meet with SunTrust »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 20

    Jun

BGSF

BG Staffing

$17.46

0.37 (2.17%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
BG Staffing management to meet with Oppenheimer »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 20

    Jun

  • 21

    Jun

PZZA

Papa John's

$49.15

0.13 (0.27%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Papa John's management to meet with BTIG »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 20

    Jun

  • 20

    Jun

  • 13

    Nov

SSW

Seaspan

$9.22

0.06 (0.66%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Seaspan management to meet with Seaport Global »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 20

    Jun

04:55
06/20/19
06/20
04:55
06/20/19
04:55
General news
Jobless Claims to be reported at 08:30 »

Week of 6/15 Jobless…

ASB

Associated Banc-Corp

$20.76

-0.1 (-0.48%)

, BFC

Bank First National

$71.11

-2.38 (-3.24%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Sandler O'Neill to hold a field trip »

Wisconsin Community Bank…

ASB

Associated Banc-Corp

$20.76

-0.1 (-0.48%)

BFC

Bank First National

$71.11

-2.38 (-3.24%)

BWB

Bridgewater Bancshares

$11.38

0.19 (1.70%)

CZWI

Citizens Community Bancorp

$10.83

(0.00%)

FBIZ

First Business Financial

$23.41

-0.09 (-0.38%)

ICBK

County Bancorp

$17.19

(0.00%)

NCBS

Nicolet Bankshares

$61.99

0.19 (0.31%)

WSBF

Waterstone Financial

$16.85

-0.01 (-0.06%)

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

See Street Research during your Free Trial

CVS

CVS Health

$54.89

0.23 (0.42%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
CVS Health participates in a conference call with Morgan Stanley »

Healthcare Technology…

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

See Street Research during your Free Trial

  • 20

    Jun

NXPI

NXP Semiconductors

$96.25

1.49 (1.57%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
NXP Semiconductors to hold a conference call »

Conference call to review…

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

See Street Research during your Free Trial

  • 20

    Jun

  • 09

    Jul

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
UBS leisure/gaming analyst to hold an analyst/industry conference call. »

Leisure, Gaming &…

TAST

Carrols Restaurant

$8.44

-0.06 (-0.71%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Carrols Restaurant management to meet with Stephens »

Two Days of Meetings to…

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

See Street Research during your Free Trial

  • 20

    Jun

  • 13

    Nov

BJRI

BJ's Restaurants

$41.31

-1.29 (-3.03%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
BJ's Restaurants management to meet with Stephens »

Group Luncheon Meeting to…

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

See Street Research during your Free Trial

  • 20

    Jun

  • 25

    Jun

  • 27

    Jun

CSL

Carlisle

$138.31

1.67 (1.22%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Carlisle management to meet with SunTrust »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 20

    Jun

  • 23

    Jul

AEO

American Eagle

$17.82

0.13 (0.73%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
American Eagle management to meet with UBS »

Meeting to be held in New…

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

See Street Research during your Free Trial

VEEV

Veeva

$169.88

2.665 (1.59%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Veeva management to meet with William Blair »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 20

    Jun

  • 20

    Jun

  • 21

    Jun

  • 23

    Jun

IDCC

InterDigital

$63.83

-0.8 (-1.24%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
InterDigital management to meet with Oppenheimer »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 20

    Jun

04:55
06/20/19
06/20
04:55
06/20/19
04:55
General news
Breaking General news story  »

Week of 6/14 EIA Natural…

FBC

Flagstar Bancorp

$32.37

0.255 (0.79%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Flagstar Bancorp management to meet with Piper Jaffray »

Meeting to be held in New…

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

See Street Research during your Free Trial

  • 20

    Jun

MR

Montage Resources

$6.75

-0.04 (-0.59%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Montage Resources management to meet with Seaport Global »

Meeting to be held in New…

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

See Street Research during your Free Trial

  • 20

    Jun

QRTEA

Qurate Retail

$12.78

-0.15 (-1.16%)

04:55
06/20/19
06/20
04:55
06/20/19
04:55
Conference/Events
Qurate Retail management to meet with Craig-Hallum »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 20

    Jun

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.