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GOOG

Alphabet

$1,255.22

-9.27 (-0.73%)

, GOOGL

Alphabet Class A

$1,260.07

-10.53 (-0.83%)

06:01
04/25/19
04/25
06:01
04/25/19
06:01

SoftBank subsidiary HAPSMobile invests $125M in Alphabet's Loon

SoftBank Corp.'s (SFTBF) HAPSMobile and Alphabet's (GOOG, GOOGL) Loon have formed a long-term strategic relationship to advance the use of high altitude vehicles, such as balloons and unmanned aircraft systems, to bring connectivity to more people, places, and things worldwide, SoftBank said in a statement. As part of the new relationship and HAPSMobile's financial and investment strategy, SoftBank said HAPSMobile has made a decision to invest $125M in Loon. Loon has obtained the right to invest the same amount in HAPSMobile in the future. Furthermore, to strengthen the relationship, the companies are actively exploring commercial collaborations to accelerate the deployment of high altitude network connectivity solutions, with a focus on expanding mobile internet penetration, enabling internet of things applications, and assisting in the deployment of 5G. HAPSMobile, SoftBank's subsidiary, is a joint venture with AeroVironment (AVAV).

GOOG

Alphabet

$1,255.22

-9.27 (-0.73%)

GOOGL

Alphabet Class A

$1,260.07

-10.53 (-0.83%)

SFTBF

SoftBank

$0.00

(0.00%)

AVAV

AeroVironment

$67.99

-0.74 (-1.08%)

  • 28

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    Oct

GOOG Alphabet
$1,255.22

-9.27 (-0.73%)

04/23/19
BARD
04/23/19
NO CHANGE
Target $1380
BARD
Outperform
Alphabet Q1 revenue to meet or beat consensus, says Baird
Baird analyst Colin Sebastian expects Alphabet to report Q1 revenue that is in line or better than consensus expectations. Checks with advertisers and marketing partners throughout Q1 indicated "healthy and stable" search advertising trends with core search growth declining slightly relative to Q4, Sebastian tells investors in a pre-earnings research note. The analyst adds that while Alphabet guided to moderating headcount growth through the year, he still expects overall platform investments "to remain a drag on margins." Sebastian keeps an Outperform rating on Alphabet ahead of the company's Q1 results on April 29.
04/23/19
COWN
04/23/19
NO CHANGE
Target $160
COWN
Underperform
Tesla price target lowered to $160 from $170 at Cowen
Cowen analyst Jeffrey Osborne maintained an Underperform rating on Tesla (TSLA) and lowered his price target to $160 from $170 following the company's "Autonomy Day" event, saying he sees a significant amount of technology and execution risk in the shift in strategy from competing in just electrification to also beating Nvidia (NVDA) in hardware, Google (GOOGL) in software, and building a better ride-hailing service than current leaders in the sector.
04/18/19
MSCO
04/18/19
NO CHANGE
MSCO
Overweight
Morgan Stanley prefers Seagate over Western Digital as cloud capex recovery play
Morgan Stanley analyst Katy Huberty said her industry conversations have increased her confidence in a cloud recovery in the second half. Her checks suggest orders from Microsoft (MSFT) will restart in Q2 and rise to above trend levels in Q3 while orders from Amazon (AMZN), Google (GOOGL), Facebook (FB) and Apple (AAPL) are expected to return in Q3. Given this context, Huberty said she prefers Seagate (STX) over Western Digital (WDC) as a play on a cloud capital expenditure recovery, noting that inventory levels position hard disk drives to benefit before NAND, that HDD pricing is structurally better positioned than NAND and her view that Seagate has a better HDD product portfolio to meet cloud demand in the second half of 2019 and first half of 2020. Huberty has an Overweight rating on Seagate and the firm has an Equal Weight rating on Western Digital, which is covered by analyst Joseph Moore.
04/24/19
OPCO
04/24/19
NO CHANGE
Target $44
OPCO
Outperform
Twitter price target raised to $44 from $33 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Twitter (TWTR) to $44 from $33 as platform improvements are driving mDAUs and monetization remains strong. The analyst notes that the company's machine learning initiatives have been proactive, flagging 38% of abusive Tweets before being seen. In general, the company has navigated public policy issues better than peers Alphabet (GOOG) and Facebook (FB), he contends. Helfstein reiterates an Outperform rating on Twitter's shares.
GOOGL Alphabet Class A
$1,260.07

-10.53 (-0.83%)

SFTBF SoftBank
$0.00

(0.00%)

07/10/18
RBCM
07/10/18
NO CHANGE
Target $53
RBCM
Outperform
General Motors price target raised to $53 at RBC Capital
RBC Capital analyst Joseph Spak kept his Outperform rating on General Motors (GM) and nudged his price target to $53 from $52, saying the recent $2.25B investment by Softbank (SFTBF) adds validation to the company's GM Cruise robo-taxi offering plans. Aside from the validation, Spak notes that the investment "provides capital to reach scale commercialization, affords GM capital allocation flexibility, and unlocks GM share price value as Cruise around $7 per share."
09/07/18
OPCO
09/07/18
NO CHANGE
Target $275
OPCO
Outperform
Palo Alto Networks price target raised to $275 from $235 at Oppenheimer
Oppenheimer analyst Shaul Eyal maintained an Outperform rating on Palo Alto Networks (PANW) and raised his price target to $275 from $235 following the company's "robust" Q4 results, noting that the results "beat almost every possible metric." In a research note to investors, Eyal says that the CEO transition appears to be progressing smoothly and he "appreciated" constructive conference call commentary from CEO Nikesh Arora about his strategic vision, even though he is only 90 days into the new role. Eyal contends that Palo Alto Networks remains a "builder rather than a buyer," and that Arora's former experience -- at Google (GOOGL) and SoftBank (SFTBF) -- should not be interpreted as a sign of "future splashy acquisitions."
12/12/18
RBCM
12/12/18
NO CHANGE
Target $230
RBCM
Outperform
Nvidia price target lowered to $230 from $260 at RBC Capital
RBC Capital analyst Mitch Steves lowered his price target on Nvidia (NVDA) to $230 after yesterday's report that Softbank (SFTBF) is exploring the sale of its stake in the company early next year. The analyst believes that in the near-term, the speculation is a negative since Softbank has "solid information on overall Data Center trends". Steves maintains his Outperform rating however, stating that a number of long-only investment managers have not participated in the run-up of the stock price. The analyst adds that Nvidia's long-term investment story around "AI/VR/AR/Autonomous" driving remains intact.
02/28/19
BTIG
02/28/19
NO CHANGE
Target $60
BTIG
Buy
SoftBank price target raised to $60 from $50 at BTIG
BTIG analyst Walter Piecyk raised his price target on SoftBank (SFTBY) to $60 and kept his Buy rating, citing his "better understanding" of the previously acquired ARM Holdings business which warrants a higher multiple. The analyst also sees a major catalyst coming in the "imminent decision" around Sprint (S) / T-Mobile (TMUS) deal, which could amount to additional $14 price target impact on Softbank shares.
AVAV AeroVironment
$67.99

-0.74 (-1.08%)

01/24/19
WBLR
01/24/19
INITIATION
WBLR
Outperform
William Blair starts AeroVironment at Outperform on drone spending growth
William Blair analyst Louie DiPalma last night initiated coverage of AeroVironment with an Outperform rating. According to an analysis by the Center for the Study of the Drone at Bard College, the U.S. Department of Defense requested $8.9B for unmanned systems in the government's fiscal 2019 budget, DiPalma tells investors in a research note. Annual growth for the U.S. fiscal year drone budget allocation accelerated to 20%, with a 14.7% five-year annual growth rate, adds the analyst. He points out that AeroVironment is the industry leader in small unmanned aerial systems for military users. DiPalma sees the shares trading to a range of $82 to $105 over the next 18 months. He expects defense budget drone spending growth to continue to exceed overall defense budget growth by a wide margin.
01/24/19
WBLR
01/24/19
INITIATION
WBLR
Outperform
AeroVironment initiated with an Outperform at William Blair
William Blair started AeroVironment with an Outperform rating saying the company is the leading provider of small military drones.
11/30/18
PIPR
11/30/18
NO CHANGE
Target $78
PIPR
Neutral
AeroVironment shares fully valued at current levels, says Piper Jaffray
AeroVironment reported fiscal Q3 results with revenues below and earnings above Street expectations, Piper Jaffray analyst Troy Jensen tells investors in a research note. The analyst continues to believe the company's largest growth opportunity is from sales to international governments. He remains bullish on AeroVironment's long-term opportunities but thinks a "lot of this optimism" is currently priced into the stock. Jensen raised his price target for the shares to $78 from $77 and reiterates a Neutral rating on the name. He finds AeroVironment fully valued at current levels.
01/24/19
01/24/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apergy (APY) initiated with a Buy at Gabelli. 2. Corporacion America Airport (CAAP) assumed with a Buy at Goldman Sachs. 3. Credit Acceptance (CACC) initiated with a Sell at BTIG. 4. AeroVironment (AVAV) initiated with an Outperform at William Blair. 5. Zendesk (ZEN) initiated with a Perform at Oppenheimer. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

XONE

ExOne

$7.38

-0.21 (-2.77%)

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TLGHF

Telenet

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DK

Delek US

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CZR

Caesars

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1.44 (14.41%)

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GRUB

GrubHub

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0.91 (1.28%)

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SITE

SiteOne Landscape

$66.97

-0.25 (-0.37%)

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AMZN

Amazon.com

$1,913.43

3.01 (0.16%)

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BHF

Brighthouse Financial

$38.10

-0.01 (-0.03%)

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TIF

Tiffany

$91.86

-1.78 (-1.90%)

05:09
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GTES

Gates Industrial

$10.82

-0.18 (-1.64%)

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STNG

Scorpio Tankers

$25.90

-0.15 (-0.58%)

04:55
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  • 25

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SMSEY

Samsonite International

$0.00

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EGBN

Eagle Bancorp

$53.04

-0.45 (-0.84%)

04:55
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ALG

Alamo Group

$98.92

-0.2 (-0.20%)

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TEUM

Pareteum

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MGPI

MGP Ingredients

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CSV

Carriage Services

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  • 25

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HMSY

HMS Holdings

$30.79

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PATK

Patrick Industries

$46.36

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ETSY

Etsy

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  • 25

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NEE

NextEra Energy

$208.20

0.51 (0.25%)

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INWK

InnerWorkings

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  • 25

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INO

Inovio

$2.42

-0.205 (-7.82%)

04:55
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