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SNAP

Snap

$13.76

-0.39 (-2.76%)

, TWTR

Twitter

$39.77

-0.59 (-1.46%)

09:14
10/15/19
10/15
09:14
10/15/19
09:14

Snap upgraded to Buy from Neutral at Arete

Arete analyst Rocco Strauss upgraded Snap (SNAP) to Buy from Neutral as he contends that the company looks "significantly" better positioned in the near-term than Twitter (TWTR) to benefit from ad dollars flowing into vertical video ads and e-commerce. The analyst, who added that Snap has a more engaged audience and greater time spent on its platform than Twitter, maintains a Sell rating on Twitter shares.

SNAP

Snap

$13.76

-0.39 (-2.76%)

TWTR

Twitter

$39.77

-0.59 (-1.46%)

  • 22

    Oct

  • 24

    Oct

SNAP Snap
$13.76

-0.39 (-2.76%)

10/03/19
STFL
10/03/19
NO CHANGE
Target $19
STFL
Buy
Stifel sees in-line Q3 DAUs from Snap following 'softer' end to 'strong' quarter
Stifel analyst John Egbert said his Snap audience tracker data suggests a "softer" performance across most countries in September after a "relatively flat" August and "surprisingly strong" July. Netting it all out, he thinks Snap appears to be tracking toward 3M-4M net DAU additions in Q3, which would be roughly in line with his forecast. While he thinks Snap may report in-line DAU growth in Q3 and give a modest outlook for Q4 DAU growth, he remains bullish on Snap's recent momentum and keeps a Buy rating on the stock with a $19 price target.
10/04/19
MSCO
10/04/19
UPGRADE
MSCO
Equal Weight
Snap upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley analyst Brian Nowak upgraded Snap to Equal Weight from Underweight.
10/04/19
MSCO
10/04/19
UPGRADE
Target $17
MSCO
Equal Weight
Morgan Stanley upgrades Snap to Equal Weight after underestimating execution
As previously reported, Morgan Stanley analyst Brian Nowak upgraded Snap to Equal Weight from Underweight with a price target of $17, up from $14. The analyst acknowledges that in the year-to-date he has underestimated Snap's stronger execution and ability to drive growth. Multiple new products and offerings that are improving agencies and advertisers knowledge about how to spend on Snap are leading to faster new advertiser growth and increased spend per advertiser, Nowak tells investors. He also has growing confidence that Snap's management is "laser focused" on reducing costs and improving efficiency, Nowak added.
10/04/19
10/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snap (SNAP) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Brian Nowak saying he acknowledges that in the year-to-date he has underestimated Snap's stronger execution and ability to drive growth. 2. Charter (CHTR) upgraded to Overweight from Sector Weight at KeyBanc with analyst Brandon Nispel saying he believes Charter remains well positioned to benefit from increased penetration rates in broadband, higher download speed take rates to drive broadband prices higher, and an overall mix shift to higher-margin "Growth Business." 3. Boston Beer (SAM) upgraded to Neutral from Sell at UBS with analyst Sean King saying he has greater confidence in the company's fiscal 2020 sales growth story "flowing through to earnings growth." 4. Hub Group (HUBG) upgraded to Overweight from Neutral at JPMorgan. 5. Tandem Diabetes (TNDM) upgraded to Buy at UBS with 33% upside potential with analyst Matthew Taylor saying while he understands concerns about slowing growth on tough comps, he sees "several sources of growth" that should allow Tandem to deliver upside to consensus in 2020 and beyond. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
TWTR Twitter
$39.77

-0.59 (-1.46%)

07/29/19
RBCM
07/29/19
NO CHANGE
Target $42
RBCM
Sector Perform
Twitter price target raised to $42 from $38 at RBC Capital
RBC Capital analyst Mark Mahaney raised his price target on Twitter to $42 after its "strong" Q2 earnings beat along with a 23% revenue growth and a "healthy" user engagement at 14% increase of monetizable daily active users. The analyst notes that Twitter execution continues to improve with "sequential quarters of impressive engagement growth trends." Mahaney also keeps his Sector Perform rating on the shares.
07/29/19
RHCO
07/29/19
NO CHANGE
Target $41
RHCO
Hold
Twitter price target raised to $41 from $36 at SunTrust
SunTrust analyst Youssef Squali raised his price target on Twitter to $41 after its Q2 results, saying the company's initiatives into the health of the platform has accelerated its user metrics and monetization, with investments to reduce "abuse and spam" improving the user and advertiser experience. The analyst keeps his Hold rating on Twitter however, saying its valuation is "fair" in light of the elevated expenses in FY19 and "potentially in FY20" along with the prospects for more regulation.
07/30/19
RSBL
07/30/19
NO CHANGE
Target $40
RSBL
Neutral
Twitter shares likely range bound in near-term, says Rosenblatt
Tougher compares in the second half of 2019 coupled with discontinued product revenue losses sets up a range bound stock performance for Twitter in the near-term, Rosenblatt analyst Mark Zgutowicz tells investors in a research note. The analyst expects Twitter's U.S. daily active user growth to "remain in the shadows" of its "higher but much less profitable" international growth. He also awaits a "more timely" Direct Response strategy and "tangible platform utilities" that correlate to sustainable new engagement growth. Zgutowicz raised his price target for Twitter to $40 from $38 and reiterates a Neutral rating on the shares.
08/27/19
CLVD
08/27/19
NO CHANGE
CLVD
Neutral
Twitter 2019 estimates raised on favorable trends at Cleveland Research
Cleveland Research analyst Chandler Converse increased his 2019 revenue estimates for Twitter to reflect incremental test spend, partner investments, and favorable market share trends. The analyst also boosted his Q3 revenue estimate to the high-end of guidance on strength in branding. Converse, who keeps a Neutral rating on the shares due to longer term growth concerns, says his research suggests Twitter's pitch to advertisers continues to resonate and drive additional advertising spend.

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$0.00

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PCG

PG&E

$11.27

-0.86 (-7.09%)

11:25
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Options
PG&E call volume above normal and directionally bullish »

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LUV

Southwest

$55.10

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GNFT

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$16.82

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ENPH

Enphase Energy

$24.33

0.12 (0.50%)

11:25
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Treasury announced a $78 B in 3- and 6-month bill auctions for Monday »

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$0.00

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

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