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TRUE

TrueCar

$6.51

0.13 (2.04%)

, NFLX

Netflix

$343.27

-8.35 (-2.37%)

08:41
06/03/19
06/03
08:41
06/03/19
08:41

RBC Capital to hold a tour

2019 Rally on Rodeo Internet Bus Tour travels throughout Los Angeles, CA on June 3.

TRUE

TrueCar

$6.51

0.13 (2.04%)

NFLX

Netflix

$343.27

-8.35 (-2.37%)

SNAP

Snap

$11.88

-0.1 (-0.83%)

TTD

Trade Desk

$198.75

-3.07 (-1.52%)

  • 03

    Jun

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    Jun

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    Jun

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    Jun

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    Jul

  • 13

    Nov

TRUE TrueCar
$6.51

0.13 (2.04%)

03/25/19
03/25/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Akamai (AKAM) downgraded to Sell from Hold at Deutsche Bank with analyst Vijay Bhagavath saying his estimates for fiscal 2019 through fiscal 2021 are below consensus for both sales and earnings. 2. Nu Skin (NUS) downgraded to Sell from Hold at Stifel with analyst Mark Astrachan saying he sees increasing uncertainty surrounding direct selling companies in China relating to the investigation announced in January into the unlawful promotion and sale of health products. 3. TrueCar (TRUE) downgraded to Hold from Buy at Benchmark with analyst Daniel Kurnos saying he believes it may take several quarters for management to regain credibility, with each quarter heavily scrutinized along the way. 4. Texas Instruments (TXN) and Analog Devices (ADI) downgraded to Market Perform from Outperform at Bernstein. 5. CalAmp (CAMP) downgraded to Neutral from Overweight at JPMorgan with analyst Paul Coster saying he sees limited catalysts for 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.
03/25/19
BNCH
03/25/19
DOWNGRADE
BNCH
Hold
TrueCar downgraded to Hold on management credibility issues at Benchmark
As previously reported, Benchmark analyst Daniel Kurnos downgraded TrueCar to Hold from Buy, stating that he believes it may take several quarters for management to regain credibility, with each quarter heavily scrutinized along the way. Kurnos said his rating change is "not a call on any expected further near-term deterioration in operating trends," though he is not anticipating "some miraculous turnaround either."
05/20/19
COWN
05/20/19
INITIATION
Target $7
COWN
Market Perform
TrueCar assumed with a Market Perform at Cowen
Cowen analyst Thomas Champion assumed coverage of TrueCar with a Market Perform rating and $7 price target, stating that TrueCar usage "was middle-of-the-pack" in his survey of about 1,000 recent car buyers.
03/25/19
BNCH
03/25/19
DOWNGRADE
BNCH
Hold
TrueCar downgraded to Hold from Buy at Benchmark
NFLX Netflix
$343.27

-8.35 (-2.37%)

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.
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.
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.
SNAP Snap
$11.88

-0.1 (-0.83%)

05/29/19
PIVT
05/29/19
INITIATION
Target $13.25
PIVT
Hold
Snap initiated with a Hold at Pivotal Research
Pivotal Research analyst Michael Levine started Snap with a Hold rating and $13.25 price target. The analyst is "highly encouraged" by the company's progress over the last several quarters. However, he needs to be convinced that Snap has strength outside of several advertising verticals.
05/29/19
CHRS
05/29/19
INITIATION
Target $12
CHRS
Hold
Snap initiated with a Hold at China Renaissance
China Renaissance analyst Ella Ji initiated Snap with a Hold and $12 price target saying valuation reflects many positives.
05/13/19
RBCM
05/13/19
INITIATION
Target $28
RBCM
Sector Perform
Pinterest initiated with a Sector Perform at RBC Capital
RBC Capital analyst Mark Mahaney initiated Pinterest with a Sector Perform rating and a price target of $28. The analyst is positive on the company's "very large market opportunity" in advertising and believes that it is benefiting from "powerful" secular tailwinds, boasting a monthly active user, or MAU, count above that of Twitter (TWTR) and growing the MAUs faster than Snap (SNAP). Despite his belief than Pinterest can sustain a double-digit growth rate in MAUs and Average Revenue Per User until 2021, Mahaney sees its stock as "reasonably valued" after a 50% run-up from its IPO price.
05/29/19
05/29/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN), Facebook (FB), and Twitter (TWTR) were initiated with a Buy at Pivotal Research, while Alphabet (GOOG, GOOGL), Pinterest (PINS), and Snap (SNAP) were initiated with a Hold. 2. Anchiano Therapeutics (ANCN) initiated with an Outperform at Baird. 3. Slack Technologies (WORK) initiated with a Neutral at DA Davidson. 4. National Vision (EYE) initiated with a Buy at Berenberg. 5. IMV Inc. (IMV) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
TTD Trade Desk
$198.75

-3.07 (-1.52%)

05/14/19
SBSH
05/14/19
NO CHANGE
Target $205
SBSH
Buy
Trade Desk price target raised to $205 from $195 at Citi
Citi analyst Mark May raised his price target for Trade Desk to $205 from $195 yesterday afternoon saying the company reported revenue and EBITDA results that were again above forecasts. The analyst maintains a Buy rating on the shares. He believes Trade Desk's new initiatives are gaining traction.
05/10/19
DADA
05/10/19
NO CHANGE
Target $220
DADA
Buy
Trade Desk price target raised to $220 from $190 at DA Davidson
DA Davidson analyst Tom White raised his price target on Trade Desk to $220 and kept his Buy rating after its "solid" Q1 results and "very strong" fundamentals. Among the drivers, the analyst cites the high level of spending on the company's new ad channels and formats, high 95% rate of customer retention, "immaterial" level of investment on its China opportunity, and minimal disruption related to the recent Chrome privacy changes. White also raises his FY20 revenue and EBITDA estimates by 1% and 2% respectively following the Q1 results.
05/09/19
RAJA
05/09/19
NO CHANGE
Target $210
RAJA
Outperform
Trade Desk price target raised to $210 from $183 at Raymond James
Raymond James analyst Aaron Kessler raised his price target on Trade Desk shares following the company's Q1 report, which he said showed continued strength across mobile, video, audio and connected TVs. The analyst, who thinks the post-earnings slide is a reflection of the year-to-date advance in the stock as well as high expectations, also believes the company's guidance remains conservative. Kessler keeps an Outperform rating on Trade Desk shares.
05/29/19
PIVT
05/29/19
INITIATION
Target $255
PIVT
Buy
Trade Desk initiated with a Buy at Pivotal Research
Pivotal Research analyst Michael Levine started Trade Desk with a Buy rating and $255 price target. The company is "truly unique," growing at among the fastest rates in the industry as it penetrates the opportunity in programmatic advertising, Levine tells investors in a research note.

TODAY'S FREE FLY STORIES

AKAM

Akamai

$91.36

1.48 (1.65%)

11:51
10/15/19
10/15
11:51
10/15/19
11:51
Hot Stocks
Akamai announces 'enhancements,' new features for Edge Platform »

Akamai Technologies…

03/08/13
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  • 28

    Oct

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    Nov

  • 06

    Nov

  • 19

    Nov

GD

General Dynamics

$179.33

0.16 (0.09%)

11:47
10/15/19
10/15
11:47
10/15/19
11:47
Hot Stocks
General Dynamics' Gulfstream G500 earns European certification »

General Dynamics…

03/08/13
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  • 23

    Oct

  • 12

    Nov

11:47
10/15/19
10/15
11:47
10/15/19
11:47
Conference/Events
Wolfe Research tech strategist to hold a webcast »

Tech Strategist…

QCOM

Qualcomm

$77.55

1.26 (1.65%)

, MSFT

Microsoft

$141.46

1.92 (1.38%)

11:46
10/15/19
10/15
11:46
10/15/19
11:46
Hot Stocks
Qualcomm developing chip preconfigured with the Azure Sphere for IoT »

Qualcomm (QCOM)…

QCOM

Qualcomm

$77.55

1.26 (1.65%)

MSFT

Microsoft

$141.46

1.92 (1.38%)

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

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    Nov

BC

Brunswick

$54.42

0.715 (1.33%)

11:45
10/15/19
10/15
11:45
10/15/19
11:45
Hot Stocks
Brunswick boosts quarterly dividend 14% »

The board of Brunswick…

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  • 24

    Oct

11:37
10/15/19
10/15
11:37
10/15/19
11:37
General news
3-Month Bill Auction Total Amount data reported »

3-Month Bill Auction…

11:37
10/15/19
10/15
11:37
10/15/19
11:37
General news
6-Month Bill Auction Total Amount data reported »

6-Month Bill Auction…

WFC

Wells Fargo

$49.76

0.46 (0.93%)

11:36
10/15/19
10/15
11:36
10/15/19
11:36
Earnings
Wells Fargo CFO sees FY20 NII down low to mid-single-digits »

Comments provided during…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 15

    Oct

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    Oct

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    Nov

WMT

Walmart

$119.13

0.01 (0.01%)

11:36
10/15/19
10/15
11:36
10/15/19
11:36
Hot Stocks
Walmart InHome Delivery launches in Kansas City, Pittsburgh and Vero Beach »

Walmart's Bart…

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03/06/13
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03/06/13
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  • 13

    Nov

  • 14

    Nov

ATVI

Activision Blizzard

$54.66

-0.34 (-0.62%)

, NTDOY

Nintendo

$0.00

(0.00%)

11:32
10/15/19
10/15
11:32
10/15/19
11:32
Hot Stocks
Blizzard cancels 'Overwatch' event at Nintendo store in NYC »

A previously announced…

ATVI

Activision Blizzard

$54.66

-0.34 (-0.62%)

NTDOY

Nintendo

$0.00

(0.00%)

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

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  • 18

    Oct

  • 07

    Nov

ENPH

Enphase Energy

$23.90

-0.85 (-3.43%)

11:25
10/15/19
10/15
11:25
10/15/19
11:25
Options
Enphase Energy call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 29

    Oct

11:25
10/15/19
10/15
11:25
10/15/19
11:25
General news
Treasury announced a $95 B in 4- and 8-week bills for Thursday »

Treasury announced a $95…

11:25
10/15/19
10/15
11:25
10/15/19
11:25
Conference/Events
Benchmark Internet analyst to hold an analyst/industry conference call »

Internet & Digital…

MIME

Mimecast

$39.48

0.53 (1.36%)

, SPLK

Splunk

$121.10

1.43 (1.20%)

11:25
10/15/19
10/15
11:25
10/15/19
11:25
Conference/Events
FBN Securities network security/IT security to hold a luncheon meeting »

Analysts hold a group…

MIME

Mimecast

$39.48

0.53 (1.36%)

SPLK

Splunk

$121.10

1.43 (1.20%)

SAIL

SailPoint

$18.48

0.1 (0.54%)

CHKP

Check Point

$109.73

0.95 (0.87%)

PFPT

Proofpoint

$130.69

1.035 (0.80%)

ZS

Zscaler

$47.50

-0.04 (-0.08%)

FTNT

Fortinet

$79.42

0.17 (0.21%)

PANW

Palo Alto Networks

$213.94

0.29 (0.14%)

BOX

Box

$16.89

0.11 (0.66%)

FEYE

FireEye

$15.03

0.035 (0.23%)

CYBR

CyberArk

$105.00

1.87 (1.81%)

SYMC

Symantec

$23.62

0.195 (0.83%)

FSCT

ForeScout

$25.86

0.29 (1.13%)

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

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    Oct

  • 29

    Oct

  • 31

    Oct

  • 06

    Nov

  • 06

    Nov

  • 06

    Nov

  • 07

    Nov

  • 07

    Nov

  • 13

    Nov

  • 19

    Nov

  • 12

    Dec

  • 16

    Dec

11:25
10/15/19
10/15
11:25
10/15/19
11:25
Conference/Events
Wolfe Research energy analysts to hold an analyst/industry luncheon »

Energy E&P Analyst…

PDFS

PDF Solutions

$13.14

0.145 (1.12%)

11:25
10/15/19
10/15
11:25
10/15/19
11:25
Conference/Events
PDF Solutions to host analyst day »

Analyst Day to be held in…

03/08/13
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03/06/13
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03/06/13
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  • 15

    Oct

11:25
10/15/19
10/15
11:25
10/15/19
11:25
Conference/Events
UBS leisure, gaming & lodging analyst to hold a luncheon »

Leisure, Gaming &…

AMBA

Ambarella

$55.42

2.31 (4.35%)

11:23
10/15/19
10/15
11:23
10/15/19
11:23
On The Fly
Ambarella rises after saying customers' blacklisting shouldn't hurt results »

Shares of Ambarella…

03/08/13
Wedge Partners
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03/06/13
Citigroup
03/06/13
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  • 18

    Oct

GS

Goldman Sachs

$202.74

-3.07 (-1.49%)

, WE

We Company

$0.00

(0.00%)

11:20
10/15/19
10/15
11:20
10/15/19
11:20
Hot Stocks
Breaking Hot Stocks news story on Goldman Sachs, We Company »

Goldman Sachs says…

GS

Goldman Sachs

$202.74

-3.07 (-1.49%)

WE

We Company

$0.00

(0.00%)

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

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  • 15

    Oct

  • 12

    Nov

DXCM

DexCom

$150.26

-9.94 (-6.20%)

, TNDM

TNDM

11:20
10/15/19
10/15
11:20
10/15/19
11:20
Recommendations
DexCom, TNDM, Abbott analyst commentary  »

DexCom should be bought…

DXCM

DexCom

$150.26

-9.94 (-6.20%)

TNDM

TNDM

ABT

Abbott

$81.98

2.17 (2.72%)

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

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  • 16

    Oct

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    Nov

  • 06

    Nov

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    Nov

  • 14

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
10/15/19
10/15
11:17
10/15/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
10/15/19
10/15
11:16
10/15/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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

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YUM

Yum! Brands

$112.10

-0.73 (-0.65%)

11:16
10/15/19
10/15
11:16
10/15/19
11:16
Periodicals
Taco Bell seasoned beef recalled over metal contamination concerns, CNN says »

About 2M pounds of…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 29

    Oct

  • 30

    Oct

11:15
10/15/19
10/15
11:15
10/15/19
11:15
General news
Breaking General news story  »

3-Month Bill Auction to…

11:15
10/15/19
10/15
11:15
10/15/19
11:15
General news
Breaking General news story  »

6-Month Bill Auction to…

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