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RNG

RingCentral

$118.72

0.59 (0.50%)

, TWLO

Twilio

$135.00

4.05 (3.09%)

14:41
05/15/19
05/15
14:41
05/15/19
14:41

Tiger Global bought into RingCentral, Twilio and Carvana during first quarter

Tiger Global Management disclosed in a regulatory filing its holdings as of March 31, 2019. Tiger Global made seven new buys during the quarter, including, in order of size, RingCentral (RNG), Twilio (TWLO), Carvana (CVNA), 8x8, Inc. (EGHT) and MongoDB (MDB). The fund exited five positions during the quarter, including by size of previous position, Autodesk (ADSK), Coupa Software (COUP) and Puxin Limited (NEW). Tiger increased its stake in eight holdings, including by size, Facebook (FB), Netflix (NFLX), Eventbrite (EB), Microsoft (MSFT) and Alibaba Group (BABA). The fund reduced its stake in 16 holdings, including by size, Spotify (SPOT), Booking Holdings (BKNG), Domino's Pizza (DPZ), Uxin (UXIN) and Adobe (ADBE). Tiger Global's top holdings as of March 31, in order of size, were JD.com (JD), Microsoft, Facebook, Fiat Chrysler (FCAU) and Amazon.com (AMZN).

RNG

RingCentral

$118.72

0.59 (0.50%)

TWLO

Twilio

$135.00

4.05 (3.09%)

CVNA

Carvana

$65.34

-0.34 (-0.52%)

EGHT

8x8, Inc.

$22.14

-1.59 (-6.70%)

MDB

MongoDB

$139.85

6.53 (4.90%)

ADSK

Autodesk

$173.85

3.99 (2.35%)

COUP

Coupa Software

$105.60

2.03 (1.96%)

NEW

Puxin Limited

$6.50

0.14 (2.20%)

FB

Facebook

$187.04

6.43 (3.56%)

NFLX

Netflix

$355.65

10.22 (2.96%)

EB

Eventbrite

$17.87

-0.09 (-0.50%)

MSFT

Microsoft

$126.61

2.34 (1.88%)

BABA

Alibaba

$179.49

4.59 (2.62%)

SPOT

Spotify

$136.37

2.85 (2.13%)

BKNG

Booking Holdings

$1,798.10

5 (0.28%)

DPZ

Domino's Pizza

$277.58

4.685 (1.72%)

UXIN

Uxin

$2.41

-0.1 (-3.99%)

ADBE

Adobe

$276.23

4.46 (1.64%)

JD

JD.com

$30.66

0.96 (3.23%)

FCAU

Fiat Chrysler

$14.72

0.225 (1.55%)

AMZN

Amazon.com

$1,873.42

32.98 (1.79%)

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RNG RingCentral
$118.72

0.59 (0.50%)

05/07/19
DBAB
05/07/19
NO CHANGE
Target $135
DBAB
Buy
RingCentral price target raised to $135 from $125 at Deutsche Bank
Deutsche Bank analyst Michael Turrin raised his price target for RingCentral (RNG) to $135 from $125 saying the company's as subscription revenue continues to accelerate. RingCentral delivered a "solid beat and raise" in Q1, highlighted by subscription revenue growth of 33%, Turrin tells investors in a post-earnings research note. Further, he believes the company's multi-year extension of its partnership with Zoom (ZM) should help quiet the bear case that RingCentral's open platform strategy could leave the company more vulnerable should these "best-of-breed partnerships begin to erode." The analyst keeps a Buy rating on RingCentral shares.
05/07/19
CHLM
05/07/19
NO CHANGE
Target $140
CHLM
Buy
RingCentral price target raised to $140 from $120 at Craig-Hallum
Craig-Hallum analyst George Sutton raised his price target for RingCentral (RNG) to $140 from $120, saying the execution at the company remains "flawless," and recent objectives to bolster its channel presence and build out vertically-targeted sales teams are "paying off in spades." With the recent IPO of Zoom (ZOOM) and subsequent announcement of a multi-year extension of their partnership, the analyst sees a continued long duration of growth, fundamental outperformance, and valuation reset given the peer group. He reiterates a Buy rating on RingCentral's shares.
05/07/19
RHCO
05/07/19
NO CHANGE
Target $140
RHCO
Buy
RingCentral price target raised to $140 from $120 at SunTrust
SunTrust analyst Terry Tillman raised his price target on RingCentral to $140 and kept his Buy rating after its Q1 earnings beat and better than expected revenue growth of over 30%. The analyst cites strength in the company's "up market business", near 100% growth in its $100K or more enterprise sales, and continued ramp in its channel business. Tillman says RingCentral is one of his "best ideas" with potential to become a "multi-billion dollar business" based on the expected revenue growth of over 30% in a span of a decade.
05/07/19
NORL
05/07/19
NO CHANGE
Target $148
NORL
Outperform
RingCentral price target raised to $148 from $124 at Northland
Northland analyst Michael Latimore raised his price target on RingCentral to $148 from $124 after increasing his estimates following the company's Q1 report. He cites the company's 33% SaaS growth, high win rate and pipeline building and keeps an Outperform rating on the shares.
TWLO Twilio
$135.00

4.05 (3.09%)

05/01/19
ADAM
05/01/19
NO CHANGE
Target $155
ADAM
Buy
Twilio price target raised to $155 from $125 at Canaccord
Canaccord analyst Richard Davis raised his price target for Twilio (TWLO) to $155 from $125 and maintained a Buy rating following the company's quarterly results, saying the upside was about what he expected. Davis tells investors in a research note that Twilio provided an update on the Verizon (VZ) price increase for SMS messaging, a cost it will pass on to customers. This cost will depress gross margins by about 100 basis points long-term, although gross profit dollars are likely to remain unchanged. This is a good space for "pretty much any firm with a modern technology stack," Davis contends.
05/01/19
KEYB
05/01/19
NO CHANGE
Target $156
KEYB
Overweight
Twilio price target raised to $156 from $150 at KeyBanc
KeyBanc analyst Brent Bracelin raised his price target for Twilio to $156 from $150 on "strong" Q1 results. The analyst remains bullish on Twilio based on a "compelling" growth opportunity as "APIs Go Ubiquitous" across the broader enterprise, helping sustain share gain momentum in a large $64B TAM. He reiterates an Overweight rating on the shares and says it remains one of his top cloud software ideas to own for 2019.
05/01/19
DADA
05/01/19
NO CHANGE
Target $163
DADA
Buy
Twilio price target raised to $163 from $118 at DA Davidson
DA Davidson analyst Rishi Jaluria raised his price target on Twilio to $163 and kept his Buy rating after its "beat and raise" Q1 results as well as expanding gross margins in the quarter. The analyst adds that the strong early interest and adoption of Twilio's SendGrid and Flex should give investors greater confidence for cross-selling opportunities.
05/01/19
DBAB
05/01/19
NO CHANGE
Target $160
DBAB
Buy
Twilio price target raised to $160 from $150 at Deutsche Bank
Deutsche Bank analyst Michael Turrin raised his price target for Twilio to $160 from $150 saying last night's Q1 results were highlighted by a third consecutive quarter of 60%-plus organic revenue growth. The analyst keeps a Buy rating on the shares.
CVNA Carvana
$65.34

-0.34 (-0.52%)

05/09/19
BARD
05/09/19
NO CHANGE
Target $85
BARD
Outperform
Carvana price target raised to $85 from $65 at Baird
Baird analyst Colin Sebastian raised his price target on Carvana shares to $85 from $65 to reflect his increased estimates and what he views as the company's "impressive execution" and "massive growth opportunity." The company's unit sales outperformance in Q1 while sequentially narrowing its operating losses is a positive sign on the long-term scalability of its model, contends Sebastian, who keeps an Outperform rating on Carvana.
05/09/19
WELS
05/09/19
NO CHANGE
Target $85
WELS
Outperform
Carvana price target raised to $85 from $80 at Wells Fargo
Wells Fargo analyst Zachary Fadem raised his price target for Carvana to $85 from $80 after the company delivered another quarter of "robust" top line results, and an uptick in the 2019 outlook. The analyst reiterates an Outperform rating on the shares.
05/13/19
BMOC
05/13/19
NO CHANGE
Target $65
BMOC
Market Perform
Carvana price target raised to $65 from $55 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on Carvana to $65 after its 21st consecutive quarter of triple-digit revenue growth, saying the company's execution remains "strong" and the consumer demand for its offerings still "robust." Despite the 490bps EBITDA margin improvement in Carvana's Q1 results however, the analyst remains concerned about the company's near-term path to profitability and free-cash-flow generation capacity, keeping his Market Perform rating on the stock.
05/09/19
SBSH
05/09/19
NO CHANGE
Target $90
SBSH
Buy
Carvana price target raised to $90 from $80 at Citi
Citi analyst Nicholas Jones raised his price target for Carvana to $90 from $80 saying the company's Q1 revenue and unit sales came in above expectations on continued execution. The analyst views the results as a positive for the shares and keeps a Buy rating on the name.
EGHT 8x8, Inc.
$22.14

-1.59 (-6.70%)

03/11/19
GUGG
03/11/19
INITIATION
Target $20
GUGG
Neutral
8x8, Inc. initiated with a Neutral at Guggenheim
Guggenheim analyst Nandan Amladi started 8x8, Inc. with a Neutral rating and $20 price target. The analyst likes the company's long-term story but wants to see "more consistent execution" before getting more constructive on the shares.
01/03/19
SPHN
01/03/19
INITIATION
Target $24
SPHN
Overweight
8x8, Inc. initiated with an Overweight at Stephens
Stephens analyst Dmitry Netis started 8x8, Inc. with an Overweight rating and $24 price target. The company is entering the second half of fiscal 2019 with "sustainable momentum" in large customer bookings and an attractive valuation, which creates a favorable risk/reward profile, Netis tells investors in a research note. He says his favorable thesis is supported by a new product cycle helped by the release of the X Series product bundle.
05/15/19
DOTC
05/15/19
DOWNGRADE
DOTC
Neutral
8x8, Inc downgraded to Neutral at Dougherty on disappointing FY20 outlook
As previously reported, Dougherty analyst Catharine Trebnick downgraded 8x8, Inc to Neutral after its "mixed" Q4 results with a 1c earnings miss and a slightly better than expected revenue. The analyst notes that the quarter featured a channel improvement as the number of partners rose to 698 from 400 in the prior quarter. However, Trebnick also points to "another reset" implied in 8x8's FY20 guidance as the company continued to boost investments to accelerate its revenue growth. The analyst sees the stock as "fairly valued", trading in line with its peer group's multiple of 4.4-times her expected FY20 sales.
05/15/19
DOTC
05/15/19
DOWNGRADE
DOTC
Neutral
8x8, Inc. downgraded to Neutral from Buy at Dougherty
MDB MongoDB
$139.85

6.53 (4.90%)

03/22/19
WBLR
03/22/19
INITIATION
WBLR
Outperform
MongoDB initiated with an Outperform at William Blair
William Blair analyst Jason Ader started MongoDB with an Outperform rating saying the company's "developer-friendly" database is still "scratching the surface."
05/15/19
LEHM
05/15/19
NO CHANGE
Target $178
LEHM
Overweight
MongoDB price target raised to $178 from $143 at Barclays
Barclays analyst Raimo Lenschow raised his price target for MongoDB to $178 from $143 saying that despite the 53% year-to-date rally, he continues to see further upside. The analyst believes the company's cloud opportunity remains underappreciated. MongoDB's managed cloud database, Atlas, started out as a vehicle to monetize the free downloads of its community server edition but is now evolving into something much larger, Lenschow tells investors in a research note titled "Atlas Lifts the Skies to $1bn." Additional disclosures by the company show a clear path to $1B in revenue by fiscal 2023, contends the analyst. He raised his estimates "meaningfully above consensus" and keeps an Overweight rating on MongoDB.
04/10/19
WBLR
04/10/19
NO CHANGE
WBLR
MongoDB partnership with Google a positive development, says William Blair
Google (GOOG, GOOGL) announced yesterday at its annual Cloud Next developer conference a slew of partnerships with open source database and analytics vendors, including MongoDB (MDB), William Blair analyst Jason Ader tells investors in a research note. Instead of competing with these vendors, like its main rival Amazon Web Services (AMZN) has generally chosen to do, Google is deepening integrations with these open source solutions in an effort to simplify customer adoption of them through the Google Cloud Platform, says Ader. He believes that although Google Cloud Platform is a "distant third" in market share to AWS and Microsoft's (MSFT) Azure, the news is a positive development for MongoDB "that could begin to bring more attention to and turn the tide against open source strip mining." Ader reiterates an Outperform rating on MongoDB shares.
03/22/19
WBLR
03/22/19
INITIATION
WBLR
Outperform
William Blair starts 'still scratching the surface' MongoDB at Outperform
William Blair analyst Jason Ader initiated coverage of MongoDB with an Outperform saying he expects the company to post "strong" top-line growth for the next several years After having seen little innovation since the 1970s, the $30B operational database market has been upended by a bevy of new vendors and technologies, led by MongoDB, Ader tells investors in a research note partially titled "Developer-Friendly Database Still Scratching the Surface." The analyst adds that while valuation looks rich today at an enterprise value of 15.7 times projected calendar 2020 revenue, he sees a "multiyear runway for growth, especially as MongoDB pushes into the larger relational database segment." The stock closed yesterday down 14c to $154.50.
ADSK Autodesk
$173.85

3.99 (2.35%)

04/11/19
04/11/19
INITIATION
Target $200

Buy
Autodesk initiated with a Buy at Mizuho
As previously reported, Mizuho analyst Matthew Broome initiated Autodesk with a Buy rating and a price target of $200. The analyst is positive on the company building its value proposition "beyond its traditional design base into lifecycle management, construction, and generative design", while expanding penetration with current customers and the overall total addressable market. Broome believes that Autodesk has multiple catalysts given its "strong upsell opportunities to Industry Collections, an improving direct sales mix, and more targeted digital marketing."
04/10/19
KEYB
04/10/19
INITIATION
Target $196
KEYB
Overweight
Autodesk resumed with an Overweight at KeyBanc
KeyBanc analyst Jason Celino resumed coverage of Autodesk with an Overweight rating and a $196 price target. The analyst is confident that Autodesk has ample growth drivers to power its next leg of growth.
04/11/19
MZHO
04/11/19
INITIATION
Target $120
MZHO
Autodesk initiated with a Buy at Mizuho
04/12/19
04/12/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Redfin (RDFN) initiated with an Outperform at Wedbush. 2. Autodesk (ADSK) initiated with a Buy at Mizuho. 3. Upwork (UPWK) initiated with a Buy at BTIG. 4. Otter Tail (OTTR) initiated with a Buy at Maxim. 5. Disney (DIS) reinstated with an Overweight 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.
COUP Coupa Software
$105.60

2.03 (1.96%)

05/13/19
BOFA
05/13/19
INITIATION
Target $120
BOFA
Buy
Coupa Software initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Brad Sills initiated Coupa Software with a Buy and $120 price target telling investors the company is gaining share in the applications market given its leading cloud market position, ease of deployment/use, breadth of offering, and large network of suppliers and large number of data sets.
03/13/19
CANT
03/13/19
NO CHANGE
Target $110
CANT
Overweight
Coupa Software continues on path to $1B in sales, says Cantor Fitzgerald
Cantor Fitzgerald analyst Joseph Foresi views Coupa Software's analyst day as successful, saying the company laid out its continued path to $1B in revenues, "which expands well beyond its single-platform competitive advantage." The net result should be a financial model with 30%-plus growth, while the company maintains efficiencies and drives leverage, Foresi tells investors in a research note. He keeps an Overweight rating on the shares with a $110 price target.
03/13/19
LOOP
03/13/19
NO CHANGE
Target $105
LOOP
Buy
Coupa Software price target raised to $105 from $85 at Loop Capital
Loop Capital analyst Joseph Vafi raised his price target on Coupa Software to $105 and kept his Buy rating after its Analyst Day presentation, saying the company may be on the way to becoming "the Venmo of procurement". The analyst notes the rising cumulative customer spend at $1.1T on the company's platform exiting 2019 and its building momentum, stating that Coupa Software has "figured out a dual market sales model, targeting both the enterprise and the mid market simultaneously" as evidenced in its SG&A leverage. Vafi adds that he is also very "enthusiastic" about its Coupa Pay as the company "exploits its positioning in procurement to migrate into the payment function."
04/30/19
KEYB
04/30/19
INITIATION
Target $123
KEYB
Overweight
Coupa Software initiated with an Overweight at KeyBanc
KeyBanc analyst Brent Bracelin started coverage of Coupa Software with an Overweight rating and $123 price target, based on new product potential, international expansion, Federal, and a unique data asset that is in the early stages of monetization. The analyst believes new products in 2019 that "monetize an underappreciated data asset" and new B2B payment offerings could become game changers for the company and help accelerate the path to $1B in revenue.
NEW Puxin Limited
$6.50

0.14 (2.20%)

07/10/18
SBSH
07/10/18
INITIATION
Target $26
SBSH
Buy
Puxin Limited initiated with a Buy at Citi
Citi started Puxin Limited with a Buy rating and $26 price target.
FB Facebook
$187.04

6.43 (3.56%)

05/01/19
BARD
05/01/19
NO CHANGE
Target $118
BARD
Outperform
PayPal expressed confidence in intermediate earnings targets, says Baird
After attending an investor gathering with PayPal (PYPL) management, Baird analyst Colin Sebastian said his key takeaways from the meeting were management's ongoing confidence in intermediate-term earnings growth targets and the early signs of progress on expanding its marketplace partnerships, including news that PayPal will be providing the infrastructure for Facebook's (FB) Marketplace payment offering. Additionally, Sebastian noted that the UK Competition and Markets Authority issued a preliminary ruling that it does not believe PayPal's acquisition of iZettle raises any competitive concerns, which he sees as a key milestone to getting the deal approved. Sebastian keeps an Outperform rating and $118 price target on PayPal shares.
04/30/19
JMPS
04/30/19
NO CHANGE
Target $1300
JMPS
Outperform
Alphabet price target lowered to $1,300 from $1,375 at JMP Securities
JMP Securities analyst Ronald Josey said competition "may have played a role" in Alphabet's (GOOGL) worse than expected Q1 revenue given that better than expected advertising results have recently been reported by Facebook (FB), Twitter (TWTR), Snap (SNAP) and Amazon (AMZN). However, he believes the "majority of the deceleration was self-imposed," he tells investors in a post-earnings research note. Some of the company's product changes, such as changes at YouTube's recommendation engine, likely acted as a headwind, the analyst surmised. Josey sees benefits from investments in hardware and Google Cloud and thinks that multiple monetization opportunities remain for Alphabet, leading him to maintain an Outperform rating on the stock, though he lowered his price target on shares to $1,300 from $1,375.
04/30/19
JPMS
04/30/19
NO CHANGE
Target $1310
JPMS
Overweight
Alphabet sub-20% sales growth to bring share pressure, says JPMorgan
JPMorgan analyst Doug Anmuth expects Alphabet (GOOGL) shares to be under pressure in the near-term given the company's sub-20% revenue growth in Q1 and downward earnings revisions. The exact drivers of Alphabet's slowing sales are unclear, and frustration around the company's lack of transparency will only increase, Anmuth tells investors in a post-earnings research note. The analyst, however, points out that Alphabet has maintained 20%-plus growth for a very long time, off a large base. He maintains an Overweight rating on the stock with a $1,310 price target but prefers shares of Facebook (FB), Amazon.com (AMZN) and Netflix (NFLX) to Alphabet.
05/02/19
05/02/19
INITIATION
Target $65

Outperform
Wedbush bullish on Uber, initiates coverage with an Outperform
As previously reported, Wedbush analyst Ygal Arounian started coverage of Uber (UBER) with an Outperform and $65 price target. The analyst notes that the ridesharing industry has become one of the most transformational growth sectors of the global consumer market over the past five years, with Uber establishing itself as the clear number 1 player and paving a similar road to what Amazon (AMZN) did to transform retail/e-commerce and Facebook (FB) did for social media. The brand loyalty of Uber is hard to dispute as the company continues to attract drivers and consumers "illustrating an impressive formula" to go after a $5.7T opportunity globally on transportation, which swells to $7T-$8T when including third-party food delivery and freight/logistics, he contends.
NFLX Netflix
$355.65

10.22 (2.96%)

04/26/19
IMPC
04/26/19
NO CHANGE
Target $458
IMPC
Outperform
Imperial trims Netflix target to $458 after senior notes issuance
Imperial Capital analyst David Miller lowered his price target for Netflix to $458 from $463 saying the company this week tapped the high yield market for the ninth time in the last six years by issuing $2.24B of senior notes in two series. The proceeds will likely go almost entirely towards international content acquisition, mostly on the self-produced side, "which obviously drives subscriber growth," Miller tells investors in a research note. He believes Netflix has a history of using the bond market effectively and keeps an Outperform rating on the shares.
05/13/19
PIPR
05/13/19
NO CHANGE
Target $440
PIPR
Overweight
Piper survey shows limited risk to Netflix from Disney streaming service
Piper Jaffray asked 1,536 U.S. Netflix (NFLX) subscribers if they would subscribe to both Disney's (DIS) new streaming service and Netflix, only Netflix or only Disney+, analyst Michael Olson tells investors in a research note. Piper indicated that the Disney+ price point is $7 per month, which it believes will prove to be only an introductory price. The results show that 73% of U.S. Netflix subscribers do not expect to subscribe to Disney+, 20% expect to subscribe to both services, and only 7% indicated that they will cancel Netflix and subscribe to Disney+, Olson tells investors in a research note. The results suggest Netflix's risk of share loss is limited to a small percentage of its base, concludes the analyst. As such, he expects Netflix to continue to "capture a significant portion of the tidal wave of traditional content dollars that are migrating to streaming." Olson maintains an Overweight rating on Netflix shares with a $440 price target. The stock closed Friday down $1.71 to $361.04.
05/07/19
BMOC
05/07/19
NO CHANGE
Target $170
BMOC
Outperform
Disney price target raised to $170 from $140 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on Disney (DIS) to $170 and kept his Outperform rating ahead of its Q2 results, saying he expects an "upbeat quarter" and positive commentary around June quarter's main events of Endgame box office and the first Edge of Galaxy opening. The analyst also believes that the company will join Netflix (NFLX) and Amazon (AMZN) at the helm of global streaming while noting that its Star Wars themed lands its theme parks and the launch of Disney+ will materialize as catalysts for this year.
EB Eventbrite
$17.87

-0.09 (-0.50%)

05/02/19
RBCM
05/02/19
NO CHANGE
Target $22
RBCM
Outperform
Eventbrite price target lowered to $22 from $30 at RBC Capital
RBC Capital analyst Mark Mahaney lowered his price target on Eventbrite to $22 after its Q1 earnings miss that was driven by weakness in North America Music Sales segment as well as the announcement of a CFO transition. The analyst is keeping his Outperform rating on the stock given its "market opportunity, competitive position, and business model," but acknowledges that Q1 fundamental trends were negative with decelerating revenue growth and EBITDA margin declines.
05/02/19
STFL
05/02/19
NO CHANGE
Target $20
STFL
Hold
Eventbrite price target lowered to $20 from $28 at Stifel
Stifel analyst Scott Devitt noted that Eventbrite reported Q1 revenue and adjusted EBITDA below his estimates and gave Q2 guidance that was below his and consensus estimates as headwinds from the Ticketfly migration are limiting visibility into top-line growth. After lowering his estimates, Devitt keeps a Hold rating on Eventbrite shares and cut his price target on the stock to $20 from $28.
05/02/19
RHCO
05/02/19
NO CHANGE
Target $20
RHCO
Hold
Eventbrite price target lowered to $20 from $28 at SunTrust
SunTrust analyst Youssef Squali lowered his price target on Eventbrite to $20 after its Q1 earnings miss and its "disappointing" Q2 outlook driven by continued challenges in integrating Ticketfly creators, which he warns may also lead to a higher churn. The analyst remains positive on the company's mid-market positioning longer term, but keeps his Hold rating on the stock given the management's dented credibility and lock of catalysts.
03/21/19
RHCO
03/21/19
NO CHANGE
Target $28
RHCO
Hold
Eventbrite growth needs to accelerate for more positive rating, says SunTrust
SunTrust analyst Youssef Squali kept his Hold rating and $28 price target on Eventbrite, saying that while he is positive on its leading position in mid-market event creation and ticketing, its customer growth needs to show signs of re-acceleration. The analyst expects better performance in the second half of the year given the company's "attractive value proposition" to event creators and large market opportunity in the U.S. and internationally, but also would like to see evidence that much of the Ticketfly integration has been completed.
MSFT Microsoft
$126.61

2.34 (1.88%)

04/29/19
ARGS
04/29/19
NO CHANGE
Target $145
ARGS
Buy
Microsoft price target raised to $145 from $128 at Argus
Argus analyst Joseph Bonner raised his price target on Microsoft to $145 and kept his Buy rating, saying the company has "continued to show momentum with double-digit revenue and earnings growth" in Q3. The analyst is positive on the strategy by Microsoft CEO Nadella to pivot the company "toward high-value commercial and cloud application businesses" and away from its "missteps" in the handset market. Bonner also believes that Microsoft is "well positioned" for commercial revenue growth amid the accelerating enterprise digital transformation in the U.S. and overseas, raising his FY19 EPS outlook by 19c to $4.58 and FY20 by 31c to $5.01.
05/13/19
WELS
05/13/19
NO CHANGE
WELS
Outperform
More rational competitive pricing environment benefiting Microsoft Azure, says Wells Fargo
Wells Fargo analyst Phil Winslow attended Microsoft's Build developer conference and met with senior finance executives from Microsoft's Cloud and AI, Windows, Business Apps, Worldwide Commercial Business, Xbox, and Office organizations at the company's Redmond headquarters, which reinforced his belief that the competitive pricing environment in the cloud has been more rational than 2-3 years ago. The analyst expects this to continue to benefit not only Azure revenue growth but also gross margin and capital spending ratios. Furthermore, although revenue growth for on-premise server products delivered in the recent quarter is likely at peak levels, Microsoft's executives expressed confidence in the forward demand for hybrid offerings-benefiting its business both in the cloud and on-premise, he adds. The analyst reiterates an Outperform rating on the shares.
05/02/19
OPCO
05/02/19
NO CHANGE
Target $145
OPCO
Outperform
Conference to highlight Microsoft hybrid cloud position, says Oppenheimer
Oppenheimer analyst Tim Horan expects the Microsoft Build Developer Conference next week will highlight the company's "dominant" hybrid cloud position as improved Azure compute functionality and AI dominate the published agenda. The analyst notes that Microsoft is investing heavily in AI/IoT, which he views as important drivers of cloud demand over the next decade. He reiterates an Outperform rating and a $145 price target on the shares.
05/03/19
WBLR
05/03/19
NO CHANGE
WBLR
Outperform
Arista Networks earnings selloff a buying opportunity, says William Blair
William Blair analyst Jason Ader views the sharp pullback today in shares of Arista Networks (ANET) post the company's Q1 results as a buying opportunity. The delivered "solid" Q1 results, which were overshadowed by lighter revenue guidance for Q2 compared with consensus, Ader tells investors in a research note. Management specifically called out one major cloud titan, which the analyst speculates to be Microsoft (MSFT), unexpectedly putting most orders on hold in the second quarter. However, end-demand and Arista's competitive position remain strong in the cloud vertical, which bodes well for a snap-back in the second half of 2019, says Ader. He keeps an Outperform rating on Arista Networks shares.
BABA Alibaba
$179.49

4.59 (2.62%)

05/13/19
THCP
05/13/19
NO CHANGE
Target $220
THCP
Buy
Alibaba price target raised to $220 from $180 at TH Data Capital
TH Data Capital analyst Tian Hou raised his price target for Alibaba Group to $220 from $180 and maintains a Buy rating on the shares ahead of the company's fiscal Q4 results on May 15. Alibaba's Q4 revenue growth is likely to be better than consensus given its continuing innovations in the marketplace, Hou tells investors in a pre-earnings research note. "Non-stop adoption of innovations in the marketplace keeps the existing business energetic," says the analyst.
05/07/19
MZHO
05/07/19
UPGRADE
Target $55
MZHO
Buy
Mizuho upgrades Ctrip to Buy with $55 price target into Q1 results
Mizuho analyst James Lee last night upgraded Ctrip (CTRP) to Buy from Neutral and raised his price target for the shares to $55 from $35 ahead of the company's Q1 results. The analyst expects decreased competition along with an improved macro environment and yuan appreciation will drive both domestic and outbound travel. As such, he raised his three-year annual EBITDA growth estimate for Ctrip to 35% from 23% on improved long-term fundamentals. Alibaba (BABA) remains Lee's top pick in the China Internet space.
04/15/19
LEHM
04/15/19
NO CHANGE
Target $220
LEHM
Overweight
Alibaba price target raised to $220 from $200 at Barclays
Barclays analyst Gregory Zhao raised his price target for Alibaba Group Holding to $220 from $200 ahead of the company's Q4 results and keeps an Overweight rating on the shares. China's macro environment is recovering from the trough in Q4 and will stabilize, "thanks to the incentive measures and tax cut by government," Zhao tells investors in a pre-earnings research note.
05/07/19
KEYB
05/07/19
NO CHANGE
Target $240
KEYB
Overweight
Alibaba price target raised to $240 from $210 at KeyBanc
KeyBanc analyst Hans Chung raised his price target for Alibaba to $240 from $210, saying he still sees a meaningful upside to the stock despite a 37% rally year to date, as he believes the company will continue to be a dominant leader and pioneer in e-com 3.0. In the near to mid-term, the analyst expects feed monetization to start in the near future and contribute a meaningful growth. Freshippo's margin could be improved, driven by more stores ramped and matured, he adds. Chung reiterates an Overweight rating on the shares.
SPOT Spotify
$136.37

2.85 (2.13%)

04/26/19
MSCO
04/26/19
NO CHANGE
MSCO
Overweight
Spotify should be long-term winner as streaming music grows, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne said that competition concerns and perceived label tensions have recently weighed on Spotify (SPOT) shares, but he reiterates his Overweight rating and $170 price target on the stock ahead of the company's upcoming Q1 report on Monday. He continues to see a significant runway for growth at Spotify given its leadership position in Android, the largest mobile ecosystem globally, as well as its higher engagement level relative to competitors such as Amazon Music (AMZN), the analyst tells investors. Streaming now accounts for 47% of global music industry revenue, per IFPI, and should surpass 50% of music industry revenues in 2019, noted Swinburne.
03/29/19
FBCO
03/29/19
INITIATION
Target $120
FBCO
Underperform
Spotify initiated with an Underperform at Credit Suisse
Credit Suisse analyst Brian Russo initiated Spotify with an Underperform rating and $120 price target. In a research note to investors, Russo says that while he expects significant subscriber and revenue growth, he believes consensus multiyear expectations for its subscribers and margins are too high and sees risk as ongoing battles over content costs support concerns around Spotify's profit potential.
03/21/19
RHCO
03/21/19
NO CHANGE
RHCO
Apple event may be negative for Netflix, positive for Lions Gate, says SunTrust
SunTrust analyst Matthew Thornton previews Apple's (AAPL) media event scheduled for March 25th, saying the company is likely to unveil a Video Service. The analyst believes that an Apple OTT service could be a positive for Lions Gate (LGF.B) given the participation of the Starz networks but negative for Netflix (NFLX) "if Apple can offer compelling content bundles at compelling prices with a compelling UI and ubiquitous access". Thornton adds that Apple's bundling of its Music with video subscriptions and news subscriptions may be a negative for Spotify (SPOT) and a "modest incremental negative" for Roku (ROKU) if Apple's service app is not on its service.
03/13/19
KEYB
03/13/19
NO CHANGE
KEYB
Sector Weight
KeyBanc says Spotify complaint a risk to Apple given significant merit of claim
After Spotify (SPOT) filed a complaint with the European Commission claiming Apple (AAPL) has implemented anti-competitive practices in App Store policies, KeyBanc analyst Andy Hargreaves said he believe Spotify's claim has "significant merit" and are likely to carry significant weight when presented to the EC's competition committee. He sees the most significant financial risk to Apple coming from a forced requirement to allow first party and other third party payment processing from within apps, which Hargreaves said would likely drive the current 30% rate Apple collects "down substantially." The complaint also creates brand risk in addition to financial risk, according to the analyst, who keeps a Sector Weight rating on Apple shares.
BKNG Booking Holdings
$1,798.10

5 (0.28%)

03/22/19
03/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PPG (PPG) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying PPG shares have been drifting higher in 2019 as the market continues to prefer higher quality and less cyclical materials companies, however general economic business conditions are "arguably weaker than they have been because of decreased rates of economic growth in China and in Europe." 2. Sherwin-Williams (SHW) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas citing valuation. 3. Booking Holdings (BKNG) downgraded to Neutral from Outperform at Wedbush with analyst James Hardiman stating that he believes the company's dominant position in Europe will be favorable in the long term, but is likely to represent a liability in 2019 as it is could amplify risks of earnings revisions and multiple compression. 4. Biogen (BIIB) downgraded to Underweight from Overweight at Morgan Stanley with analyst Matthew Harrison citing the failure of two Alzheimer's disease trials and noting that his optimism on Alzheimer's was "completely wrong." 5. Lululemon (LULU) downgraded to Neutral from Outperform at Wedbush with analyst Jen Redding saying that while she continues to see lululemon as best in class among specialty retailers, she is moving to the sidelines in anticipation of potentially less margin upside ahead, based on insights from proprietary data products. 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
RHCO
04/04/19
NO CHANGE
Target $2150
RHCO
Buy
Booking Holdings Q1 to see 'sizable' RNG deceleration, says SunTrust
SunTrust analyst Naved Khan believes that the deceleration of Booking.com's Room Night Growth in Q1 could be "sizable" because of the "hit in its core European market from a tough macro and uncertainty around Brexit." The analyst is keeping his Buy rating and $2,150 price target on the shares however, saying his analysis of Easter holiday booking trends suggests "intact holiday demand". Khan further contends that a favorable Brexit outcome could lead to an easier path for growth for Booking.com for the rest of 2019.
04/30/19
FBCO
04/30/19
NO CHANGE
Target $2235
FBCO
Outperform
Booking Holdings price target lowered to $2,235 from $2,250 at Credit Suisse
Credit Suisse analyst Stephen Ju lowered his price target for Booking Holdings to $2,235 from $2,250, while reiterating an Outperform rating on the shares. The analyst notes that ongoing deceleration in airline passenger load activity during Q1 in EU confirms the headwinds the company had called out during the last earnings conference call. With that in mind, Ju expects the pushout of Brexit to Q4 should reinvigorate consumers' willingness to travel - at least through the key summer travel season - as worries around the ability to smoothly get across borders get kicked down the street.
05/10/19
FBCO
05/10/19
NO CHANGE
Target $2250
FBCO
Outperform
Booking Holdings price target raised to $2,250 from $2,235 at Credit Suisse
Credit Suisse analyst Stephen Ju raised his price target for Booking Holdings to $2,250 from $2,235 while reiterating an Outperform rating on the shares. Gross bookings came in ahead of expectations as well as the high end of the guidance, Ju tells investors in a research note. Ju says he believes running its own payments platform and transitioning Booking.com inventory to a merchant model is the beginning of a transformational period for Booking.
DPZ Domino's Pizza
$277.58

4.685 (1.72%)

04/25/19
OPCO
04/25/19
NO CHANGE
Target $310
OPCO
Outperform
Domino's Pizza price target raised to $310 from $280 at Oppenheimer
Oppenheimer analyst Brian Bittner raised his price target for Domino's Pizza to $310 from $280 as he views Q1 results as a boost in investor confidence toward the company's ability to keep achieving its overall sales algorithm, fight through margin headwinds and outgrow peers. The analyst reiterates an Outperform rating on the shares.
04/17/19
04/17/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Overweight from Neutral at JPMorgan and to Outperform from In Line at Evercore ISI. 2. Domino's Pizza (DPZ) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst John Glass saying he thinks the stock's current price reflects 2-3% blended global same store sales growth over the next two years, which he views as too bearish based on its track record as a "best in class operator." 3. TSYS (TSS) upgraded to Buy from Neutral at Goldman Sachs with analyst James Schneider saying the company's new portfolios are driving revenue growth while improving margin expansion is driving earnings acceleration. 4. Omnicom (OMC) upgraded to Equal Weight from Underweight at Barclays. 5. Jones Lang LaSalle (JLL) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Jade Rahmani saying she sees an attractive entry point following the recent underperformance of the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/19
MSCO
04/17/19
UPGRADE
Target $283
MSCO
Overweight
Morgan Stanley says Domino's Pizza growth undervalued, upgrades to Overweight
As previously reported, Morgan Stanley analyst John Glass upgraded Domino's Pizza (DPZ) to Overweight from Equal Weight, stating that he thinks the stock's current price reflects 2-3% blended global same store sales growth over the next two years, which he views as too bearish based on its track record as a "best in class operator." Based on third party data on Domino's Q1 app downloads, Glass sees evidence that the market's concerns over decelerating U.S. comps may be overdone, he added. Following recent weakness, Domino's shares now trade at parity with Yum! Brands (YUM), which Glass calls "a high quality but slower growing peer" and not much of a premium to Dunkin' Brands (DNKN), which he calls "a far slower growing business." He raised his price target on Domino's shares to $283 from $268.
04/25/19
SPHN
04/25/19
NO CHANGE
Target $325
SPHN
Overweight
Domino's Pizza price target raised to $325 from $310 at Stephens
Stephens analyst Will Slabaugh said Domino's Pizza reported "encouraging" Q1 results and he views the report as confirmation that the business "remains in form" despite external threats that include free delivery and restaurant aggregator services. The analyst, who likes Domino's setup through 2019 as comparisons ease, keeps an Overweight rating on the shares and increased his price target to $325 from $310.
UXIN Uxin
$2.41

-0.1 (-3.99%)

04/16/19
04/16/19
NO CHANGE

Uxin exaggerates auto volumes by as much as 40%, says J Capital
J Capital Research analyst Anne Stevenson-Yang believes Uxin exaggerates the volume of auto sales its processes by as much as 40%. After speaking to dealers, former executives, and salespeople from competing companies, the analyst believes Uxin is "basically a Craigslist of autos," listing cars that are being offered on multiple websites, for free. Further, financial statements for Uxin's operating companies in China "show a staggering level of debt that puts the company at risk of collapse," Stevenson-Yang tells investors in a research note. She admits to not knowing how to ascribe a valuation to the stock since the company "is so dishonest." Investors should "race to the exits," says Stevenson-Yang. Uxin in early trading is up 1c to $3.06.
03/14/19
JPMS
03/14/19
NO CHANGE
Target $8
JPMS
Overweight
JPMorgan sees over 70% upside in Uxin, ups price target to $8
JPMorgan analyst Nick Lai raised his price target for Uxin to $8 from $7 following the company's better than expected Q4 results. The stock closed yesterday down 2c to $4.60. The analyst increased his revenue forecasts for 2019 and 2020 and believes Uxin will turn to profit in Q4 of 2019. For 2019, Lai forecasts intercity transaction will quadruple while believing same city should also surge by greater than 30%. He keeps an Overweight rating on Uxin shares.
04/24/19
04/24/19
NO CHANGE

Uxin mentioned cautiously again by J Capital
J Capital Research has published a follow-up report on its short call on Uxin to respond to the company's response to the firm's April 16 short report. In the follow-up, J Capital's Anne Stevenson-Yang writes in part: "Uxin's response on the number of cities covered - it says 900 - contradicts what Investor Relations told us just one week before the report." Reference Link
03/12/19
FBCO
03/12/19
INITIATION
Target $7.7
FBCO
Outperform
Uxin initiated with an Outperform at Credit Suisse
Credit Suisse initiated Uxin with an Outperform and $7.70 price target.
ADBE Adobe
$276.23

4.46 (1.64%)

04/29/19
MSCO
04/29/19
UPGRADE
Target $340
MSCO
Overweight
Morgan Stanley upgrades Adobe to Overweight on durable EPS growth
As previously reported, Morgan Stanley analyst Keith Weiss upgraded Adobe to Overweight from Equal Weight, stating that his field work, meetings with management and analysis of segment contribution margins have boosted his confidence in Adobe's ability to sustain EPS growth of over 20%, even if he assumes decelerating Digital Media growth. While he estimates that Digital Media could decelerate at a faster pace than consensus currently models, Weiss thinks that Digital Experience could accelerate organically and sustain revenue growth above current Street estimates, he tells investors. He raised his price target on Adobe shares to $340 from $282, adding that he sees "Growth at a Reasonable Price", or "GARP," software stocks that have durable EPS growth outperforming in 2019.
04/05/19
OPCO
04/05/19
NO CHANGE
Target $127
OPCO
Outperform
Microsoft well positioned for digital transformations, says Oppenheimer
Oppenheimer analyst Tim Horan says he continues to believe Microsoft (MSFT) is well positioned for digital transformations. The company made several other announcements this week, including partnering with Adobe (ADBE) to compete with Saleforce (CRM), an IoT manufacturing platform with BMW (BMWYY), and more sales/marketing software to eCommerce companies, he says. Horan maintains an Outperform rating and $127 price target.
04/29/19
MSCO
04/29/19
UPGRADE
MSCO
Overweight
Adobe upgraded to Overweight from Equal Weight at Morgan Stanley
04/29/19
04/29/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Target (TGT) upgraded to Overweight from Equal Weight at Barclays with analyst Matthew McClintock saying Target is taking market share from a "much weaker" retailer subset than other positive traffic retailers. 2. Sprouts Farmers Market (SFM) upgraded to Buy from Hold at Deutsche Bank. 3. American Airlines (AAL) upgraded to Buy from Hold at Deutsche Bank with analyst Michael Linenberg saying American's lowering of its earnings guidance range last week was not unexpected given the recent rise in fuel prices and grounding of its MAX fleet. The analyst thinks the resetting of expectations by management establishes a "floor" for American's share price and provides the company a bit more "cushion" around its earnings targets. 4. Colgate-Palmolive (CL) upgraded to Neutral from Underweight at JPMorgan with analyst Andrea Teixeira saying the company's organic growth is "finally starting to show consistent improvement," despite mixed signals from most recent scanner data in the U.S. 5. Adobe (ADBE) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Keith Weiss saying his field work, meetings with management and analysis of segment contribution margins have boosted his confidence in Adobe's ability to sustain EPS growth of over 20%, even if he assumes decelerating Digital Media growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
JD JD.com
$30.66

0.96 (3.23%)

04/30/19
04/30/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Alaska Air (ALK) upgraded to Overweight from Neutral at JPMorgan with analyst Jamie Baker saying shares of Alaska Air are a laggard year-to-date, having underperformed the market by nearly 17%. 2. Northrop Grumman (NOC) upgraded to Overweight from Neutral at Alembic Global. 3. JD.com (JD) upgraded to Overweight from Neutral at JPMorgan. 4. Noble Energy (NBL) upgraded to Equal Weight from Underweight at Barclays with analyst Jeanine Wai saying the company's fundamentals have improved. 5. Vipshop (VIPS) upgraded to Overweight from Neutral at JPMorgan with analyst Alex Yao saying he's turning more positive on Vipshop's earnings growth outlook following its strategic shift to move non-core, low-margin or loss-making categories to third parties and potentially transition in-house logistics to an outsourced model. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/15/19
NOMU
05/15/19
UPGRADE
NOMU
Buy
JD.com upgraded to Buy from Neutral at Nomura Instinet
05/13/19
CICC
05/13/19
UPGRADE
CICC
Buy
JD.com upgraded to Buy from Hold at CICC
05/10/19
LYON
05/10/19
UPGRADE
LYON
Buy
JD.com upgraded to Buy from Outperform at CLSA
FCAU Fiat Chrysler
$14.72

0.225 (1.55%)

05/15/19
MSCO
05/15/19
NO CHANGE
MSCO
Tariff delay a 'modest positive' for automakers, says Morgan Stanley
Morgan Stanley analyst Michael Zezas called media reports indicating that the U.S. plans to delay auto tariffs by up to 6 months a "modest positive" for the automaking group, stating that extra time somewhat reduces the probability of tariffs going into place but that the core impasse between the U.S. and EU - namely whether or not to include agricultural issues in negotiations - still remains and is the real driver of the tariff tension. The analyst, who noted that the U.S. retains the option to implement tariffs at any point within the 180 day delay, said he still thinks auto tariffs are likely to go into effect later this year. Publicly traded automakers that moved up following the headlines regarding the delay decision include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VWAGY).
04/03/19
BMOC
04/03/19
NO CHANGE
BMOC
March U.S. auto sales mix negative for Magna, says BMO Capital
BMO Capital analyst Peter Sklar noted that Ward's Automotive reports that the U.S. light vehicle seasonally adjusted annual rate for March was 17.5M units, topping the consensus estimate of 16.8M vehicles. Sklar also pointed out that 12 of Magna's (MGA) top 20 North American programs underperformed the industry's selling rate of 1.5%. Publicly traded automakers include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Symbol now VWAGY (VLKAY) and Toyota (TM).
04/08/19
JEFF
04/08/19
NO CHANGE
Target $400
JEFF
Buy
Tesla price target lowered to $400 from $450 at Jefferies
Jefferies analyst Philippe Houchois lowered his price target for Tesla (TSLA) to $400 from $450 following the Q1 miss in mix and delivered units. While Q1 disappointed, the "critical tests" remain demand elasticity in Q2 as lower priced Model 3 versions become available and sorting out logistics, Houchois tells investors in a research note. Further, the announcement of an "Open Pool" with Fiat Chrysler (FCAU) to reduce calculated CO2 emissions in Europe could generate several million of cash income, possibly starting this year, says the analyst. Nonetheless, he lowered his fiscal year estimates for Tesla by 6% in volume to 374,000 units, revenue by 8% to $27B, GAAP operating income by 36% to $409M and free cash flow by 16% to $560M. Houchois keeps a Buy rating on Tesla.
05/15/19
05/15/19
NO CHANGE

Trump plans to delay imposing tariffs on auto imports, Bloomberg reports
Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM), Volkswagen (VWAGY) and Tesla (TLSA).
AMZN Amazon.com
$1,873.42

32.98 (1.79%)

05/13/19
MSCO
05/13/19
DOWNGRADE
Target $7
MSCO
Equal Weight
ADT Inc. downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Toni Kaplan downgraded ADT Inc. (ADT) to Equal Weight from Overweight as she has less confidence in the company's growth outlook following a recent AlphaWise survey conducted by the firm. The survey showed homeowners seem as inclined to buy DIY systems as ADT systems, that more ADT customers switched to DIY providers than she would have expected and that measure of brand preference for Amazon's (AMZN) Ring and Google's (GOOG) Nest were higher than for ADT, Kaplan explains. Given that the survey leads her to fear ADT may find it difficult to defend its market share, Kaplan lowered her price target on the stock to $7 from $9.
05/15/19
BERN
05/15/19
NO CHANGE
BERN
Walmart one-day shipping 'rational, affordable,' says Bernstein
Bernstein analyst Brandon Fletcher notes that Walmart (WMT) answered Amazon (AMZN) with a one-day shipping offer of its own, a response that he views as "measured, but still surprising" for some observers because it does show Walmart has been closing the capability gap with Amazon. Nonetheless, the analyst doubts the sales lifts for either Amazon or Walmart will be massive on this offer, but the items that might show the lift should be in the first few hundred thousand SKUs.
05/14/19
COWN
05/14/19
NO CHANGE
COWN
Skechers, G-III among apparel names with outsized tariff risk, says Cowen
Cowen analyst John Kernan said 34% of apparel and about 70% of footwear imported into the U.S. come from China, adding that 25% tariffs on apparel and footwear will create "major disruption" at a time when companies are already facing accelerating disruption from technology and Amazon (AMZN). The analyst, who thinks diversifying from China sourcing will be slow, said he views Skechers (SKX), G-III Apparel (GIII), Carter's (CRI), PVH Corp. (PVH) and Ralph Lauren (RL) as among the apparel stocks with outsized EPS risk. He added that he thinks companies like Under Armour (UAA), that may have lower than sector average exposure to China sourcing but also have lower EBIT margins, as faced with greater sensitivity to higher cost of goods.

TODAY'S FREE FLY STORIES

VIX

Volatility Index S&P 500 Options

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16:20
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Closing CBOE SPX and VIX Index summary for August 21st »

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CSOD

Cornerstone OnDemand

$51.34

0.32 (0.63%)

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Cornerstone OnDemand initiated  »

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Splunk

$128.51

1.87 (1.48%)

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SEDG

SolarEdge

$87.87

3.16 (3.73%)

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WDAY

Workday

$190.87

4.53 (2.43%)

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  • 29

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FTFT

Future FinTech

$0.98

(0.00%)

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PGRE

Paramount Group

$13.06

-0.085 (-0.65%)

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

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SAIC

SAIC

$84.16

1.21 (1.46%)

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CBU

Community Bank System

$61.51

0.26 (0.42%)

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Hot Stocks
Community Bank System raises quarterly dividend by 8% to 41c per share »

The dividend will be…

03/08/13
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AVGR

Avinger

$1.67

-0.005 (-0.30%)

16:15
08/21/19
08/21
16:15
08/21/19
16:15
Syndicate
Avinger files to sell common stock, no amount given »

Aegis Capital is acting…

03/08/13
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03/06/13
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FGEN

FibroGen

$44.90

0.36 (0.81%)

16:15
08/21/19
08/21
16:15
08/21/19
16:15
Hot Stocks
FibroGen says roxadustat approved in China for anemia treatment in CKD patients »

FibroGen announced that…

03/08/13
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MINI

Mobile Mini

$30.90

0.58 (1.91%)

16:14
08/21/19
08/21
16:14
08/21/19
16:14
Initiation
Mobile Mini initiated  »

Mobile Mini initiated…

03/08/13
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  • 23

    Sep

JBSS

John B. Sanfilippo & Son

$80.85

0.32 (0.40%)

16:12
08/21/19
08/21
16:12
08/21/19
16:12
Earnings
John B. Sanfilippo & Son reports Q4 EPS 98c, one estimate 66c »

Reports Q4 revenue…

03/08/13
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  • 22

    Aug

HP

Helmerich & Payne

$39.36

0.42 (1.08%)

16:11
08/21/19
08/21
16:11
08/21/19
16:11
Hot Stocks
Helmerich & Payne acquires DrillScan, terms not disclosed »

Helmerich & Payne…

03/08/13
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SNPS

Synopsys

$131.84

1.81 (1.39%)

16:10
08/21/19
08/21
16:10
08/21/19
16:10
Hot Stocks
Synopsys CEO says company 'continues to execute very well' »

"Synopsys continues…

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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  • 21

    Aug

  • 04

    Sep

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    Sep

PKI

PerkinElmer

$83.58

1.58 (1.93%)

16:10
08/21/19
08/21
16:10
08/21/19
16:10
Hot Stocks
PerkinElmer announces retirement of CEO Robert Friel; affirms FY19 view »

PerkinElmer announced…

03/08/13
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  • 13

    Sep

OLED

Universal Display

$213.06

2.11 (1.00%)

16:09
08/21/19
08/21
16:09
08/21/19
16:09
Hot Stocks
Universal Display, EMT announces OLED host partnership »

Universal Display…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 10

    Sep

PSMT

PriceSmart

$59.02

0.89 (1.53%)

16:09
08/21/19
08/21
16:09
08/21/19
16:09
Hot Stocks
PriceSmart to build new warehouse club in Colombia »

PriceSmart announced that…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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ALSK

Alaska Communications

$1.79

0.02 (1.13%)

16:09
08/21/19
08/21
16:09
08/21/19
16:09
Hot Stocks
Alaska Communications commends FCC's Rural Health Care Order »

Leonard Steinberg, Senior…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    Sep

PSTG

Pure Storage

$13.86

0.19 (1.39%)

16:08
08/21/19
08/21
16:08
08/21/19
16:08
Earnings
Pure Storage lowers FY20 revenue view to $1.65B-$1.72B from $1.7B-$1.77B »

Consensus for FY20…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 21

    Aug

  • 28

    Aug

  • 10

    Oct

  • 12

    Dec

  • 16

    Dec

JWN

Nordstrom

$26.61

1.48 (5.89%)

16:08
08/21/19
08/21
16:08
08/21/19
16:08
Earnings
Nordstrom narrows FY19 EPS view to $3.25-$3.50 from $3.25-$3.65 »

Consensus $3.27. Sees…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 21

    Aug

SNPS

Synopsys

$131.60

1.57 (1.21%)

16:08
08/21/19
08/21
16:08
08/21/19
16:08
Earnings
Synopsys raises FY19 adjusted EPS view to $4.52-$4.57 from $4.24-$4.40 »

FY19 consensus $4.35.…

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

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  • 21

    Aug

  • 04

    Sep

  • 09

    Sep

  • 26

    Sep

  • 27

    Sep

KEYS

Keysight Technologies

$88.87

1.58 (1.81%)

16:07
08/21/19
08/21
16:07
08/21/19
16:07
Earnings
Keysight Technologies sees Q4 EPS $1.14-$1.22, consensus $1.06 »

Sees Q4 revenue…

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

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  • 21

    Aug

  • 10

    Sep

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