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GOOG

Alphabet

$1,218.23

4.37 (0.36%)

, GOOGL

Alphabet Class A

$1,217.61

2.99 (0.25%)

06:31
10/15/19
10/15
06:31
10/15/19
06:31

eMarketer says Google share of search ad market at 73.1%, Reuters reports

Google (GOOGL) dominates the growing U.S. search ad market, but Amazon (AMZN) is also growing fast, according to data from the market research company eMarketer, Reuters' Diane Bartz reports. The eMarketer data shows that the U.S. search ad market will grow by nearly 18% in 2019, and Google will have 73.1% of that market and revenues of $40.33B. The data also shows that Amazon, which overtook Microsoft (MSFT) for the No. 2 spot in 2018, has 12.9% of the market, boosting search revenue to $7.09B. Reference Link

GOOG

Alphabet

$1,218.23

4.37 (0.36%)

GOOGL

Alphabet Class A

$1,217.61

2.99 (0.25%)

AMZN

Amazon.com

$1,737.05

6.265 (0.36%)

MSFT

Microsoft

$139.54

-0.08 (-0.06%)

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    Nov

GOOG Alphabet
$1,218.23

4.37 (0.36%)

10/03/19
DBAB
10/03/19
NO CHANGE
Target $1600
DBAB
Buy
Alphabet price target raised to Street-high $1,600 from $1,475 at Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley raised his price target for Alphabet (GOOG) to $1,600 from $1,475 and keeps a Buy rating on the name. The new target is the highest among sell-side analysts, according to Bloomberg. Shares of Alphabet closed Wednesday at $1,176.63. The "inflection" in Google Cloud under CEO Thomas Kurian, combined with improving disclosures, "helps bolster the bull thesis" around Alphabet shares, Walmsley tells investors in a research note. He thinks Google Cloud can compound revenue at 55% between 2018 and 2022, reaching $17B. Further, Google Cloud can contribute an estimated 7% to EBIT in 2022, says Walmsley.
10/14/19
SPHN
10/14/19
NO CHANGE
SPHN
Google App Store ban likely moderate friction for subprime lenders,says Stephens
Stephens analyst Vincent Caintic says that Google's (GOOG; GOOGL) decision to remove apps offering greater than 36% APR loans will likely be a moderate friction for subprime lenders in his coverage, particularly those with an online focus such as Curo Group (CURO), Elevate Credit (ELVT) and Enova International (ENVA). Overall, the analyst expects some slowdown as a result of app removal. Meanwhile, Caintic notes that the group that pushed for the app removal said it plans to push for a similar ban from Apple (AAPL).
10/08/19
OPCO
10/08/19
NO CHANGE
Target $410
OPCO
Outperform
Oppenheimer cautiously in line with consensus estimates, guidance for Netflix
After looking at 3P data from SimilarWeb, Google (GOOGL) Search Trends and YouTube Trailer views, Oppenheimer analyst Jason Helfstein notes that data points to mixed results for Netflix (NFLX). While SimilarWeb data suggests a Q3 subscriber miss, Google Trends and YouTube data are more favorable, he adds. Overall, the analyst believes the Street estimates have remained in line with guidance as uncertainty over data interpretation has led to an overhang, and says he remains cautiously in line with consensus estimates and guidance. Helfstein has an Outperform rating and $410 price target on Netflix shares.
10/08/19
PIPR
10/08/19
NO CHANGE
Target $440
PIPR
Overweight
Netflix loses lead to YouTube in Piper Jaffray teen survey
Piper Jaffray asked 9,500 high school students what percentage of their video consumption time they spend watching Netflix (NFLX), cable TV, Alphabet's (GOOG, GOOGL) YouTube and other over-the-top platforms, analyst Michael Olson tells investors in a research note. Netflix dipped slightly to 35% from 37% in Piper's last survey, ceding its multi-year pole position to YouTube, which leap-frogged to the top with 37%, up from 32% in the spring survey, says Olson. However, he believes Netflix continues to maintain "strong teen mind share" and attributes the position switch with YouTube at least partially to core differences between the content. Overall, fewer teens are indicating that their household subscribes to cable/satellite TV, which lost the most share, down to 12% versus 14% prior, the analyst points out. Olson maintains an Overweight rating on Netflix with a $440 price target.
GOOGL Alphabet Class A
$1,217.61

2.99 (0.25%)

AMZN Amazon.com
$1,737.05

6.265 (0.36%)

10/08/19
WOLF
10/08/19
INITIATION
Target $2234
WOLF
Outperform
Amazon.com assumed with an Outperform rating at Wolfe Research
Wolfe Research analyst Chris Bottiglieri assumed coverage of Amazon.com with an Outperform rating and $2,234 price target.
10/09/19
WELS
10/09/19
NO CHANGE
Target $80
WELS
Outperform
Cerner sees AWS deal as 'transformative' for company, clients, says Wells Fargo
After attending Cerner (CERN) user conference where a big theme was the AWS (AMZN) partnership announced back in July, Wells Fargo analyst Jamie Stockton notes that the company positioned this deal as transformative for Cerner and its clients. In one session, management mentioned in would take about three years to fully port Millennium over, but in another the company said the VA and DoD would not transition to AWS for a long time, he adds. The analyst has an Outperform rating and a $80 price target on Cerner's shares.
10/14/19
LOOP
10/14/19
NO CHANGE
Target $2380
LOOP
Buy
Loop Capital 'impressed' with automation at Amazon.com fulfillment center
Loop Capital analyst Anthony Chukumba is keeping his Buy rating and $2,380 price target on Amazon.com after touring the company's MKE1 fulfillment center in Kenosha, Wisconsin with a group of investors. The analyst notes that the level of automation and robotics integration in the movement of items at MKE1 with "minimal, if any" human intervention were "impressive", and the flow of information throughout the order assembly process were "notable". Chukumba remains positive on Amazon's growing fulfillment and logistics infrastructure, which he expects to allow the company to capture an even higher portion of the retail value chain.
10/09/19
MSCO
10/09/19
NO CHANGE
MSCO
CIOs see continued pressure on IT budgets in 2020, says Morgan Stanley
Morgan Stanley analysts Katy Huberty, James Faucette and Keith Weiss noted that rising economic uncertainty has been reflected in the firm's past several CIO surveys, with 2019 overall IT budget growth expectations falling for 4 straight quarters. In keeping with that trend, 53% of the CIOs surveyed by the firm expect lower IT budget growth in 2020 and their composite initial read on 2020 IT spending calls for a 100 basis points growth deceleration, the firm's U.S. tech team stated in a note to investors. Among those surveyed, Amazon (AMZN) and Microsoft (MSFT) are seen as having taken over the lead in Artificial Intelligence and Machine Learning while IBM (IBM) "maintains strong mind share," the analysts said. The team continues to favor companies they see as well positioned for key secular trends with good valuation, such as Microsoft, Adobe (ADBE) and Salesforce (CRM), while they are more cautious on legacy players at risk of losing share as organizations move to the cloud, like Symantec (SYMC) and VMware (VMW).
MSFT Microsoft
$139.54

-0.08 (-0.06%)

10/10/19
WEDB
10/10/19
NO CHANGE
Target $160
WEDB
Outperform
Wedbush expects Microsoft to post 'solid beat across the board'
Ahead of quarterly results, Wedbush analyst Daniel Ives says he expects Microsoft to post a "solid beat across the board" on both the top and bottom line as cloud strength on Azure and Office 365 continues to be the fuel in the tank with "strong field checks" indicating the company could beat commercial cloud expectations by about 3%-plus. The analyst believes Microsoft remains in an "enviable position" heading into 2020 on the heels of its cloud success and is firing on all cylinders around its Office 365 and Azure strategic vision based on his recent checks. He reiterates an Outperform rating and $160 price target on the shares.
10/09/19
DADA
10/09/19
NO CHANGE
Target $26
DADA
Neutral
Slack Technologies price target lowered to $26 from $31 at DA Davidson
DA Davidson analyst Rishi Jaluria lowered his price target on Slack Technologies (WORK) to $26 and kept his Neutral rating on the shares after holding talks with its VP of Investor Relations Jesse Hulsing. The analyst notes that the company is in the "encouraging" early stages of adoption phase by companies outside of its core verticals and sees the pace of its overall platform adoption as solid, but also warns that "competitive intensity" from Microsoft (MSFT) on the marketing side is tightening. Overall, Jaluria remains positive on Slack's growth runway, but sees its stock as "fairly valued".
10/08/19
10/08/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Microsoft (MSFT) upgraded to Buy from Hold at Jefferies with analyst Brent Thill saying he sees "excellent visibility" with a "clear line of sight into double digit revenue growth for the near future" in the "safest large-cap investment option." 2. ServiceMaster (SERV) upgraded to Outperform from Sector Perform at RBC Capital with analyst Seth Weber citing the findings of his RBC Pest Survey, which showed growing customer satisfaction with Terminix product and which he believes should result in higher customer retention rate. 3. NextEra Energy Partners (NEP) upgraded to Overweight from Equal Weight at Barclays with analyst Moses Sutton saying NextEra Energy's underperformance relative to TerraForm Power (TERP) "has become a compelling opportunity." 4. Nordic American Tankers (NAT) upgraded to Buy from Neutral at BTIG with analyst Gregory Lewis saying tanker rates had undergone a "nuclear winter" over the past 2 years but crude spot rates have finally started to show "tangible" signs of recovery, with Suezmax prices rising to over $70k/d presently from $30k/d last month and $16k/d from 2017 through the first half of 2019. 5. HCP (HCP) upgraded to Overweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

03:40
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FX Action: USD-CAD is amid a third consecutive week of ascent »

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KDMN

Kadmon

$3.56

-0.155 (-4.18%)

20:59
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20:59
Syndicate
Kadmon 26M share Spot Secondary priced at $3.40 »

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UBER

Uber

$26.70

(0.00%)

20:17
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Uber chairman buys 35K shares of common stock »

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ALPN

Alpine Immune Sciences

$2.49

-0.06 (-2.35%)

19:47
11/13/19
11/13
19:47
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19:47
Recommendations
Alpine Immune Sciences analyst commentary at Piper Jaffray »

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HPQ

HP Inc.

$19.54

-0.005 (-0.03%)

19:45
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19:45
Hot Stocks
HP Inc. raises quarterly dividend to 17.6c from 16.0c per share »

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RETA

Reata Pharmaceuticals

$187.00

4.48 (2.45%)

19:18
11/13/19
11/13
19:18
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19:18
Syndicate
Reata Pharmaceuticals 2.4M share Secondary priced at $183.00 »

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19:15
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General news
Breaking General news story  »

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BCRX

BioCryst

$1.60

-0.185 (-10.39%)

19:13
11/13/19
11/13
19:13
11/13/19
19:13
Syndicate
BioCryst 37.93M share Secondary priced at $1.45 »

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  • 14

    Nov

GOOG

Alphabet

$1,298.00

-0.77 (-0.06%)

, GOOGL

Alphabet Class A

$1,296.00

-1.18 (-0.09%)

19:03
11/13/19
11/13
19:03
11/13/19
19:03
Periodicals
U.S. lawmaker frustrated with Google's bid to buy Fitbit, Reuters says »

U.S. Representative David…

GOOG

Alphabet

$1,298.00

-0.77 (-0.06%)

GOOGL

Alphabet Class A

$1,296.00

-1.18 (-0.09%)

FB

Facebook

$193.20

-1.27 (-0.65%)

AMZN

Amazon.com

$1,753.84

-24.49 (-1.38%)

AAPL

Apple

$264.52

2.63 (1.00%)

FIT

Fitbit

$6.86

-0.105 (-1.51%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
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    Nov

PING

Ping Identity

$16.50

-0.25 (-1.49%)

, SNDL

Sundial Growers

$3.62

-0.16 (-4.23%)

18:51
11/13/19
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18:51
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18:51
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Ping…

PING

Ping Identity

$16.50

-0.25 (-1.49%)

SNDL

Sundial Growers

$3.62

-0.16 (-4.23%)

PUMP

ProPetro Holding

$7.34

-0.36 (-4.68%)

PRSP

Perspecta

$27.79

-0.18 (-0.64%)

HI

Hillenbrand

$31.53

-1 (-3.07%)

CPA

Copa Holdings

$107.71

1.89 (1.79%)

PSNL

Personalis

$10.92

0.745 (7.33%)

TRQ

Turquoise Hill

$0.46

-0.006 (-1.29%)

CATS

Catasys

$14.60

-0.47 (-3.12%)

LTRX

Lantronix

$3.15

0.06 (1.94%)

SLGG

Super League Gaming

$3.06

0.07 (2.34%)

BZH

Beazer Homes

$14.67

0.21 (1.45%)

CSCO

Cisco

$48.44

0.06 (0.12%)

TTEK

Tetra Tech

$88.38

1.24 (1.42%)

NTAP

NetApp

$60.04

-0.08 (-0.13%)

FLGT

Fulgent Genetics

$13.62

0.11 (0.81%)

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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    Nov

BZH

Beazer Homes

$14.67

0.21 (1.45%)

18:49
11/13/19
11/13
18:49
11/13/19
18:49
Earnings
Beazer Homes reports Q4 EPS 8c, two estimates 51c »

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  • 13

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HT

Hersha Hospitality

$13.84

-0.23 (-1.63%)

18:46
11/13/19
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18:46
Hot Stocks
Hersha Hospitality CEO: Airnb has definitely had an impact »

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  • 13

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FICO

Fair Isaac

$336.80

2.56 (0.77%)

18:40
11/13/19
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18:40
Hot Stocks
Fair Isaac director sells 6K shares of common stock »

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PUMP

ProPetro Holding

$7.34

-0.36 (-4.68%)

18:33
11/13/19
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Hot Stocks
ProPetro discloses U.S. SEC probe »

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  • 14

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DXCM

DexCom

$202.81

-3.35 (-1.63%)

, WBA

Walgreens Boots Alliance

$62.24

-0.48 (-0.77%)

18:25
11/13/19
11/13
18:25
11/13/19
18:25
Hot Stocks
DexCom CEO: The type 2 diabetes business is just getting started »

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DXCM

DexCom

$202.81

-3.35 (-1.63%)

WBA

Walgreens Boots Alliance

$62.24

-0.48 (-0.77%)

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  • 13

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EQS

Equus II Inc

$1.55

(0.00%)

18:19
11/13/19
11/13
18:19
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18:19
Hot Stocks
Equus reports Q3 NAV per share of $3.63 »

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SSYS

Stratasys

$18.35

-2.39 (-11.52%)

18:04
11/13/19
11/13
18:04
11/13/19
18:04
Recommendations
Stratasys analyst commentary at Piper Jaffray »

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  • 13

    Nov

GLD

SPDR Gold Shares

$137.98

0.56 (0.41%)

18:03
11/13/19
11/13
18:03
11/13/19
18:03
Hot Stocks
SPDR Gold Shares holdings fall to 896.77MT from 897.09MT »

This is the second…

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CPA

Copa Holdings

$107.71

1.89 (1.79%)

17:57
11/13/19
11/13
17:57
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17:57
Hot Stocks
Copa Holdings reports October capacity down 4.8%, traffic down 1.4% »

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  • 14

    Nov

  • 03

    Dec

CCI

Crown Castle

$131.34

0.67 (0.51%)

17:51
11/13/19
11/13
17:51
11/13/19
17:51
Hot Stocks
Crown Castle chairman buys 10.9K shares of common stock »

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  • 12

    Dec

GOOG

Alphabet

$1,298.00

-0.77 (-0.06%)

, GOOGL

Alphabet Class A

$1,296.00

-1.18 (-0.09%)

17:48
11/13/19
11/13
17:48
11/13/19
17:48
Periodicals
Google confirms several features not available on Stadia at launch, Kotaku says »

During an AMA on Reddit,…

GOOG

Alphabet

$1,298.00

-0.77 (-0.06%)

GOOGL

Alphabet Class A

$1,296.00

-1.18 (-0.09%)

03/08/13
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