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MEET

Meet Group

$3.31

-0.265 (-7.42%)

, AAPL

Apple

$198.60

-0.17 (-0.09%)

07:31
06/25/19
06/25
07:31
06/25/19
07:31

Meet Group should be able to navigate through noise, says Oppenheimer

Oppenheimer analyst Jed Kelly hosted an Investor call with Meet Group's management team, where the latter pushed back on a recent short report by conveying its commitment to investing in content moderation that is quickly removing any bad actors from its platform to create a safe environment for its user community that is in line with Apple (AAPL) and Google (GOOG) Play's App stores requirements. The analyst believes Meet Group will be able to navigate through recent content moderation noise, and remains a buyer on his view that upcoming results will exhibit "solid execution" on pivot to video to improve sentiment and generate multiple expansion. He has an Outperform rating and $7 price target on the shares.

MEET

Meet Group

$3.31

-0.265 (-7.42%)

AAPL

Apple

$198.60

-0.17 (-0.09%)

GOOG

Alphabet

$1,115.75

-6.63 (-0.59%)

GOOGL

Alphabet Class A

$1,117.00

-8.17 (-0.73%)

  • 09

    Jul

  • 10

    Jul

  • 25

    Jul

  • 25

    Jul

  • 27

    Oct

MEET Meet Group
$3.31

-0.265 (-7.42%)

06/21/19
06/21/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Funko (FNKO) initiated with a Buy at DA Davidson. 2. Meet Group (MEET) initiated with an Outperform at Oppenheimer. 3. Lovesac (LOVE) initiated with a Buy at Stifel. 4. Entegris (ENTG) initiated with a Buy at CL King. 5. Fastly (FSLY) initiated with a Buy at Craig-Hallum. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/21/19
OPCO
06/21/19
INITIATION
Target $7
OPCO
Outperform
Meet Group pivot to result in higher quality revenue, says Oppenheimer
Oppenheimer analyst Jed Kelly initiated Meet Group with an Outperform rating and $7 price target. In a research note to investors, Kelly says he believes the company's pivot to video will result in higher quality revenue and mid-teens free cash flow growth in the medium-term, and sees upcoming results exhibiting better financial visibility from higher-user pay mix, improving sentiment and generating multiple expansion.
06/20/19
OPCO
06/20/19
INITIATION
Target $7
OPCO
Outperform
Meet Group initiated with an Outperform at Oppenheimer
Oppenheimer analyst Jed Kelly initiated Meet Group with an Outperform rating and $7 price target.
05/14/19
AGIS
05/14/19
INITIATION
Target $6.25
AGIS
Buy
Meet Group initiated with a Buy at Aegis
Aegis analyst Victor Anthony started Meet Group with a Buy rating and $6.25 price target.
AAPL Apple
$198.60

-0.17 (-0.09%)

06/20/19
06/20/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) initiated with a Hold at Deutsche Bank. 2. Corteva (CTVA) initiated with a Sector Perform at RBC Capital. 3. Amcor (AMCR) initiated with a Buy at Citi. 4. Healthcare Realty Trust (HR) initiated with a Neutral at Citi. 5. Uber (UBER) initiated with a Neutral at Northcoast. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/21/19
BOFA
06/21/19
NO CHANGE
Target $230
BOFA
Buy
Apple letter highlights negative impact of tariffs, says BofA/Merrill
After Apple made public a letter the company sent to United States Trade Representative Robert Lighthizer regarding its opposition to a proposal to impose up to 25% tariffs on a fourth set of products imported from China, BofA Merrill Lynch analyst Wamsi Mohan said the letter highlights the negative impact of the proposed tariffs seen by a company that makes a significant contribution to the U.S. economy. If and when iPhones sold in the U.S. become subject to a 25% tariff, the net EPS impact would be about $1 overall, assuming unchanged pricing, estimated Mohan. The team at BofA estimates that moving iPhone production to 100% of final assembly in the U.S. would require a 20% price increase to offset incremental costs, the analyst noted. He keeps a Buy rating on Apple, citing its strong capital returns, ramp-up in services, and potential new products.
06/19/19
DBAB
06/19/19
INITIATION
Target $205
DBAB
Hold
Apple initiated with a Hold at Deutsche Bank
Deutsche Bank started Apple with a Hold rating and $205 price target.
06/20/19
DBAB
06/20/19
INITIATION
Target $205
DBAB
Hold
Deutsche Bank, fearing 2019 iPhone cycle 'lull', starts Apple at Hold
Deutsche Bank analyst Jeriel Ong last night initiated coverage of Apple with a Hold rating and $205 price target. The stock closed yesterday down 58c to $197.87. The analyst sees potential for 2019 iPhone cycle "lull" ahead of 5G iPhones in 2020. And while other hardware is transitioning to growth, namely Watch and AirPods, "this is more of the slow-and-steady variety," Ong tells investors in a research note. Further, Apple's Services business "increasingly faces a law of large numbers dynamic," adds the analyst. Taken together, Ong sees a "balance reward profile relative to the risks" with respect to Apple shares.
GOOG Alphabet
$1,115.75

-6.63 (-0.59%)

06/24/19
CLVD
06/24/19
NO CHANGE
CLVD
Google partners moderating outlooks, says Cleveland Research
Cleveland Research said its checks indicate that partners of Google (GOOGL) are moderating their 2019 outlooks, citing slowing growth in Search, less contribution from YouTube due to brand-safety concerns and some share loss to Amazon (AMZN) and Facebook (FB). The firm's research suggests Q2 advertising budgets at Google may be moderating further compared to Q1 trends, Cleveland Research told investors.
06/19/19
WEDB
06/19/19
NO CHANGE
WEDB
DOJ 'bark worse than the bite,' FAANG breakups not likely, says Wedbush
Wedbush analyst Daniel Ives notes that the noise is getting louder around regulation and antitrust concerns with FAANG names such as Amazon (AMZN), Facebook (FB), Google (GOOG), and Apple (AAPL), and while this is not a new issue per se, there is growing rhetoric around big tech's grip on e-commerce, digital advertising, the app ecosystem, social media, and search among other areas of the tech food chain. The analyst ultimately believes this is more noise versus the start of broader structural changes across the tech food chain and will likely result in business model tweaks and potential DOJ/FTC fines in a worst-case scenario rather than forced breakups of the underlying businesses. That said, Ives acknowledges that these potential DOJ probes could be an overhang on the stocks, but would encourage investors to focus on the fundamentals in the near-term as any probe would take many years to complete as witnessed first-hand with Microsoft (MSFT), which proved to be more noise than a structural jolt to its business model. Further, the analyst believes that Congress will investigate claims of anticompetitive behavior, but ultimately expects a "no harm, no foul" outcome on these FAANG names.
06/13/19
JEFF
06/13/19
NO CHANGE
JEFF
Alphabet breakup is unlikely, Jefferies says after expert call
After hosting an expert call to discuss the likelihood of and implications from increased antitrust scrutiny of big technology companies, Jefferies analyst Brent Thill believes a breakup of Alphabet (GOOG, GOOGL) is unlikely. Further, actual regulatory action would take a long time, and much longer than the upcoming election cycle, Thill tells investors in a research note. It is also worth noting that breakups are not always a bad thing for stocks, says the analyst. He believes this is the case of Alphabet as the "sum-of-the-parts may be worth more than the whole." Thill keeps a Buy rating on the shares with a $1,450 price target.
06/12/19
NOMU
06/12/19
NO CHANGE
Target $33
NOMU
Buy
AMD has 'ample opportunity' to drive further growth, says Nomura Instinet
Nomura Instinet analyst David Wong believes AMD's (AMD) "strong" 7nm product pipeline and recent next-generation gaming console wins could help it to maintain its microprocessor momentum and support its "semi-custom" revenue stream. In addition, AMD has "ample opportunity" to drive further growth through market share gains in discrete GPUs for personal computers and continued penetration of the market for datacenter GPUs and accelerators, Wong tells investors in a research note. He reiterates a Buy rating on the shares with a $33 price target. He highlights the company's gaming wins with Microsoft (MSFT), Google (GOOG, GOOGL), and Sony (SNE).
GOOGL Alphabet Class A
$1,117.00

-8.17 (-0.73%)

06/13/19
FBCO
06/13/19
NO CHANGE
Target $1400
FBCO
Outperform
Publishers taking wait-and-see approach on Alphabet's Stadia, says Credit Suisse
After gathering publisher feedback at E3 on the viability of the platform as well as their willingness to publish games on the newly announced Alphabet's (GOOGL) Stadia, Credit Suisse analyst Stephen Ju believes their stance does not diverge from historical wait-and-see approach taken around prior hardware launches from a new entrant. The analyst also notes that this is the first new core segment distribution entrant since Microsoft's (MSFT) Xbox. With that in mind, the cost to port existing code base to Stadia seems to be minimal, which should help reduce friction and improve potential ROI for projects under consideration, he contends. Ju has an Outperform rating and $1,400 price target on the shares.

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