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GOOG

Alphabet

$1,152.97

2.58 (0.22%)

, GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

07:13
07/17/19
07/17
07:13
07/17/19
07:13

KeyBanc expects 'solid results' from Alphabet, Facebook

KeyBanc analyst Andy Hargreaves believes ad spending across the major internet platforms remained "solid" in Q2 and expects positive results in the space. Feedback from advertisers through the quarter was positive on Facebook (FB) and Twitter (TWTR), where the analyst expects results to meet or exceed expectations. His checks were more mixed on Alphabet (GOOGL), though he still expects "solid" results with stabilization in revenue. Hargreaves continues to recommend owning Alphabet and Facebook.

GOOG

Alphabet

$1,152.97

2.58 (0.22%)

GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

FB

Facebook

$203.87

-0.06 (-0.03%)

TWTR

Twitter

$38.00

-0.68 (-1.76%)

  • 17

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    Aug

  • 27

    Oct

GOOG Alphabet
$1,152.97

2.58 (0.22%)

07/11/19
BNCH
07/11/19
NO CHANGE
Target $48
BNCH
Buy
OpenText price target raised to $48 from $42 at Benchmark
Benchmark analyst Mark Schappel raised his price target on OpenText (OTEX) shares to $48 from $42 after having attended the company's annual user conference. No "monumental revelations" came out of the event, but it reinforced his Buy rating and overall investment thesis, said Schappel, who sees the company as a consolidator in the relatively mature ECM/EIM software space. Ahead of April 2020, when the company will start to sell all of its solutions as a cloud service, OpenText "strengthened its cloud credentials" by announcing an extended partnership with Google Cloud to become Google's (GOOGL) preferred EIM services provider, noted Schappel.
07/09/19
LEHM
07/09/19
NO CHANGE
Target $1315
LEHM
Overweight
Alphabet sentiment too negative into Q2 results, says Barclays
Barclays analyst Ross Sandler believes the sentiment on Alphabet shares "seems too negative" heading into the company's Q2 results. The analyst expects broadly in-line revenue and earnings in Q2, which he notes "tends to be not-good-enough for its stock performance." However, the buyside is expecting weakness, hence sentiment has "soured meaningfully," Sandler tells investors in a research note. He believes his channel checks are slightly more upbeat than what the investment community seems to be expecting. As a result, the backdrop for shares "is somewhat favorable for longer term investors," he says. Sandler keeps an Overweight rating on Alphabet with a $1,315 price target.
07/17/19
SBSH
07/17/19
INITIATION
Target $39
SBSH
Neutral
Slack Technologies initiated with a Neutral at Citi
Citi analyst Walter Pritchard started Slack Technologies (WORK) with a Neutral rating and $39 price target. Both Microsoft (MSFT) and Alphabet (GOOGL) see the productivity and collaboration software category as a strategic imperative and are investing, which will keep competitive pressure on Slack, Pritchard tells investors in a research note.
06/27/19
06/27/19
INITIATION
Target $35

Outperform
Wedbush bullish on AMD, initiates with an Outperform
As previously reported, Wedbush analyst Matthew Bryson initiated AMD (AMD) with an Outperform rating and $35 price target. The analyst views AMD's reemergence in CPUs as one of the likely major shifts in both the PC and data center markets over the next few years. Specifically, Bryson believes AMD's early adoption of a distributed "chiplet" architecture combined with a shift to leading edge geometries positions the company to take meaningful share from Intel (INTC) in both the PC and server markets over the next few years. Moreover, he expects AMD will also realize some more modest benefits on the GPU side, with its GPU business also poised to benefit from a resumption of more normalized channel sales, sales into Google (GOOG) Stadia, console transitions, and a recently signed agreement with Samsung (SSNLF) to share and license IP.
GOOGL Alphabet Class A
$1,152.86

2.4 (0.21%)

FB Facebook
$203.87

-0.06 (-0.03%)

06/28/19
LOOP
06/28/19
NO CHANGE
Target $225
LOOP
Buy
Facebook price target raised to $225 from $200 at Loop Capital
Loop Capital analyst Alan Gould raised his price target for Facebook to $225 from $200 and reiterates a Buy rating on the shares. The Libra initiative will help "balance the narrative" on Facebook to innovation as opposed to privacy and regulation, and is another step towards monetization of its messaging platforms, Gould tells investors in a research note. Further, the analyst believes Facebook will continue to beat and raise on quarterly earnings as "engagement has held despite the privacy issues." Advertisers simply have few alternatives that match the company's reach and targeting capability, stays Gould.
07/09/19
LEHM
07/09/19
NO CHANGE
Target $240
LEHM
Overweight
Facebook shares 'too cheap to keep ignoring,' says Barclays
Barclays analyst Ross Sandler expects Facebook to report above-consensus earnings and revenue in Q2 and he recommends adding to share positions in the print. Checks remain "solid" around cadence of both newsfeed and stories ad revenue for Q2, Sandler tells investors in a pre-earnings research note titled "Too Cheap To Keep Ignoring." The analyst thinks that as the conversation moves away from putting out "privacy fires" and back toward innovation, Facebook shares can continue to move higher.
07/10/19
OTRG
07/10/19
NO CHANGE
OTRG
Positive
Facebook display ad spending growth accelerated in Q2, says OTR Global
OTR Global said its checks with representatives of online agency media buyers, search agency directors and others in the social media advertising business indicate that Facebook display advertisement spending growth accelerated on a year-over-year basis during Q2, helped by improved targeting and optimization tools. Q2 display pricing remained strong, increasing slightly quarter-over-quarter, and U.S. Instagram share of overall Facebook spending is expected to continue to increase in Q3, the firm added, based on its checks.
07/01/19
JEFF
07/01/19
NO CHANGE
Target $230
JEFF
Buy
Jefferies survey shows most unlikely to use Facebook cryptocurrency
Jefferies analyst Brent Thill believes Facebook's Libra is unlikely to be a near-term "game-changer" for the company after he surveyed 600 U.S. social media users. Most of those surveyed said they were unlikely to use the cryptocurrency, Thill tells investors in a research note. A lack of trust in Facebook and existing mobile payment wallets were cited as impediments to adoption, explains the analyst. Thill, however, remains bullish on Facebook's core advertising opportunity. He sees $10 of earnings per share in two years and keeps a Buy rating on the stock with a $230 price target.
TWTR Twitter
$38.00

-0.68 (-1.76%)

06/03/19
LOOP
06/03/19
INITIATION
LOOP
Buy
Twitter initiated with a Buy at Loop Capital
06/04/19
06/04/19
INITIATION
Target $55

Buy
Twitter initiated with a Buy at Loop Capital
As previously reported, Loop Capital analyst Alan Gould initiated Twitter with a Buy rating and a price target of $55. The analyst contends that the catch-up in the company's monetization over the past year can continue as user engagement grows further. Gould adds that while that monetization upswing justifies his price target, Twitter also offers "home-run potential", saying that the company is best positioned to capture an opportunity of a "mass-market use case for an interest network."
06/04/19
06/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Uber (UBER) was initiated with an Overweight at Barclays and Morgan Stanley, an Outperform at Oppenheimer, Cowen, William Blair, and JMP Securities, a Buy at Canaccord, SunTrust, Deutsche Bank, Loop Capital, Mizuho, BTIG, Needham, and BofA/Merrill, and a Neutral at Citi. 2. Lyft (LYFT) was initiated with a Buy at BTIG, SunTrust, and Citi, a Hold at Loop Capital, and an Equal Weight at Barclays. 3. Alibaba (BABA), JD.com (JD), and Twitter (TWTR) were initiated with a Buy at Loop Capital, while Alphabet (GOOG, GOOGL) was initiated with a Hold. 4. Pfizer (PFE) was resumed with an Overweight at Morgan Stanley. 5. Neon Therapeutics (NTGN) was initiated with a Buy at Mizuho. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/14/19
LOOP
06/14/19
NO CHANGE
Target $55
LOOP
Buy
Pullback in Twitter stock offers buying opportunity, says Loop Capital
Loop Capital analyst Alan Gould kept his Buy rating and $55 price target on Twitter, saying that yesterday's 3% pullback in its stock price following cautious commentary from another sell-side firm offers investors a "buying opportunity". The analyst notes that the company's user engagement story "continues to show solid improvement" with more conversion among users from "casual" to daily. Gould also believes that budget allocations by brand advertisers to Twitter will continue to increase as the industry chases the growth rate of its engagement. The analyst further believes that direct-response advertising will add "another pillar" to Twitter's monetization story.

TODAY'S FREE FLY STORIES

MTB

M&T Bank

$152.09

-0.01 (-0.01%)

06:01
10/21/19
10/21
06:01
10/21/19
06:01
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M&T Bank rating change  »

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WMT

Walmart

$119.15

-0.71 (-0.59%)

05:59
10/21/19
10/21
05:59
10/21/19
05:59
Periodicals
Walmart's Flipkart to enter food retail business in India, TechCrunch reports »

Flipkart, which sold…

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  • 13

    Nov

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SPR

Spirit AeroSystems

$79.40

-3.49 (-4.21%)

, BA

Boeing

$344.09

-25.04 (-6.78%)

05:59
10/21/19
10/21
05:59
10/21/19
05:59
Downgrade
Spirit AeroSystems, Boeing rating change  »

Spirit AeroSystems…

SPR

Spirit AeroSystems

$79.40

-3.49 (-4.21%)

BA

Boeing

$344.09

-25.04 (-6.78%)

03/08/13
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REDU

Rise Education

$7.25

-0.09 (-1.23%)

05:58
10/21/19
10/21
05:58
10/21/19
05:58
Downgrade
Rise Education rating change  »

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BA

Boeing

$344.09

-25.04 (-6.78%)

05:55
10/21/19
10/21
05:55
10/21/19
05:55
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Boeing rating change  »

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  • 23

    Oct

TC

TuanChe

$2.58

(0.00%)

, BABA

Alibaba

$169.18

-7.665 (-4.33%)

05:54
10/21/19
10/21
05:54
10/21/19
05:54
Hot Stocks
TuanChe announces strategic partnership with Tmall Auto »

TuanChe (TC) announced…

TC

TuanChe

$2.58

(0.00%)

BABA

Alibaba

$169.18

-7.665 (-4.33%)

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

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  • 01

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ARPO

Aerpio Pharmaceuticals

$0.47

-0.0352 (-6.97%)

05:52
10/21/19
10/21
05:52
10/21/19
05:52
Hot Stocks
Aerpio announces review of strategic alternatives, CEO, CFO step down »

Aerpio Pharmaceuticals…

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IBM

IBM

$134.10

-0.12 (-0.09%)

05:52
10/21/19
10/21
05:52
10/21/19
05:52
Downgrade
IBM rating change  »

IBM downgraded to Neutral…

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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  • 27

    Oct

TW

Tradeweb Markets

$41.50

-1.7 (-3.94%)

05:49
10/21/19
10/21
05:49
10/21/19
05:49
Upgrade
Tradeweb Markets rating change  »

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  • 07

    Nov

SAP

SAP

$129.13

0.55 (0.43%)

05:49
10/21/19
10/21
05:49
10/21/19
05:49
Earnings
SAP still expects to grow non-IFRS total revenue to over EUR 35B.6B by FY23 »

Over the period from FY18…

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

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  • 19

    Nov

PTON

Peloton

$23.44

-0.41 (-1.72%)

05:47
10/21/19
10/21
05:47
10/21/19
05:47
Initiation
Peloton initiated  »

Peloton initiated with a…

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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BA

Boeing

$344.09

-25.04 (-6.78%)

05:46
10/21/19
10/21
05:46
10/21/19
05:46
Periodicals
Boeing survey showed workers felt pressure to approve systems, WSJ reports »

Lawmakers investigating…

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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  • 23

    Oct

SAP

SAP

$129.13

0.55 (0.43%)

05:45
10/21/19
10/21
05:45
10/21/19
05:45
Earnings
SAP continues to expect FY20 non-IFRS total revenue EUR 28.6B-EUR 29.2B »

SAP continues to expect…

03/08/13
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03/06/13
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  • 21

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  • 19

    Nov

SAP

SAP

$129.13

0.55 (0.43%)

05:41
10/21/19
10/21
05:41
10/21/19
05:41
Earnings
SAP continues to expect FY19 revenue to 'increase strongly' »

Backs FY19 non-IFRS cloud…

03/08/13
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03/06/13
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  • 21

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  • 19

    Nov

PBF

PBF Energy

$29.29

0.64 (2.23%)

05:39
10/21/19
10/21
05:39
10/21/19
05:39
Upgrade
PBF Energy rating change  »

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  • 31

    Oct

SAP

SAP

$129.13

0.55 (0.43%)

05:38
10/21/19
10/21
05:38
10/21/19
05:38
Earnings
SAP reports Q3 non-IFRS EPS EUR 1.30 vs. EUR 1.14 last year »

Reports Q3 revenue EUR…

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  • 21

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  • 19

    Nov

DANOY

Danone

$0.00

(0.00%)

05:32
10/21/19
10/21
05:32
10/21/19
05:32
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  • 12

    Nov

JBAXY

Julius Baer

$0.00

(0.00%)

05:30
10/21/19
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05:30
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05:30
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Julius Baer rating change  »

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DHR

Danaher

$138.08

0.31 (0.23%)

05:28
10/21/19
10/21
05:28
10/21/19
05:28
Hot Stocks
Danaher to sell certain businesses to Sartorius AG for $750M »

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  • 24

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SAP

SAP

$129.13

0.55 (0.43%)

, MSFT

Microsoft

$137.34

-2.34 (-1.68%)

05:26
10/21/19
10/21
05:26
10/21/19
05:26
Hot Stocks
SAP enters go-to-market partnership with Microsoft »

SAP (SAP) and Microsoft…

SAP

SAP

$129.13

0.55 (0.43%)

MSFT

Microsoft

$137.34

-2.34 (-1.68%)

03/08/13
Wedge Partners
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03/06/13
Citigroup
03/06/13
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    Nov

ALSMY

Alstom

$0.00

(0.00%)

05:26
10/21/19
10/21
05:26
10/21/19
05:26
Downgrade
Alstom rating change  »

Alstom downgraded to Hold…

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DANOY

Danone

$0.00

(0.00%)

05:25
10/21/19
10/21
05:25
10/21/19
05:25
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Danone rating change  »

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  • 12

    Nov

HON

Honeywell

$165.61

-1.87 (-1.12%)

05:24
10/21/19
10/21
05:24
10/21/19
05:24
Hot Stocks
Honeywell sees 7,600 new business jet deliveries over next decade »

The business jet industry…

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03/06/13
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BA

Boeing

$344.09

-25.04 (-6.78%)

05:23
10/21/19
10/21
05:23
10/21/19
05:23
Downgrade
Boeing rating change  »

Boeing downgraded to…

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03/08/13
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  • 23

    Oct

IRT

Independence Realty Trust

$15.03

(0.00%)

05:22
10/21/19
10/21
05:22
10/21/19
05:22
Downgrade
Independence Realty Trust rating change  »

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  • 31

    Oct

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