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ROKU

Roku

$119.05

-2.55 (-2.10%)

, AAPL

Apple

$235.87

-0.34 (-0.14%)

09:20
10/15/19
10/15
09:20
10/15/19
09:20

Apple TV app, Apple TV+ coming to Roku platform

Roku (ROKU) announced the Apple TV app (AAPL) is available on the Roku platform. "For the first time ever, Roku users can add the Apple TV app via the Roku Channel Store to discover and watch movies, TV shows and more, including accessing their iTunes video library and subscribing to Apple TV channels directly on Roku devices. Starting November 1, Apple TV+, Apple's home for all-original shows and movies from the world's greatest storytellers, will be available on the Apple TV app on the Roku platform."

ROKU

Roku

$119.05

-2.55 (-2.10%)

AAPL

Apple

$235.87

-0.34 (-0.14%)

  • 30

    Oct

  • 19

    Nov

ROKU Roku
$119.05

-2.55 (-2.10%)

10/09/19
MACQ
10/09/19
UPGRADE
Target $130
MACQ
Outperform
Macquarie upgrades Roku to Outperform, sees tripling of sales by 2022
Macquarie analyst Tim Nollen upgraded Roku to Outperform from Neutral with a price target of $130, up from $110. The shares closed Tuesday up $1.75 to $108.00. The shift to connected television viewing that has been underway in the U.S. for the past few years will follow internationally in the coming years, Nollen tells investors in a research note. Roku has built a leading position in the U.S., and its devices will find a "ready market abroad," contends the analyst. However, he believes the bigger growth opportunity may be the company's smart TV operating system integrations. Nollen thinks Roku can grow its user base by three times to over 70M active accounts by 2022, from 31M currently. 72M subscribers by 2022 could drive Platform revenue to $2.3B and overall revenue of $2.7B, nearly tripling from 2019 guidance, says the analyst.
10/09/19
10/09/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Roku (ROKU) upgraded to Outperform from Neutral at Macquarie with analyst Tim Nollen saying the shift to connected television viewing that has been underway in the U.S. for the past few years will follow internationally in the coming years. 2. Chipotle (CMG) upgraded to Hold from Underperform at Gordon Haskett with analyst Jeff Farmer saying the company's sales momentum makes the bear thesis on shares "increasingly untenable." 3. Sleep Number (SNBR) upgraded to Outperform from Market Perform at Raymond James with analyst Bobby Griffin saying Sleep Number's pullback over the last few months creates a more favorable risk/reward setup heading into Q3 earnings and adds that he continues to have a favorable view of the company's business model and product offering, particularly as consumers focus on health and wellness. 4. American Outdoor Brands (AOBC) upgraded to Buy from Hold at Craig-Hallum with analyst Steven Dyer saying he believes valuation is "extremely attractive" and thinks there is a compelling near-term opportunity with potential catalysts upcoming even though he continues to have concerns about a potential longer-term secular decline in firearms. 5. Fannie Mae (FNMA) and Freddie Mac (FMCC) upgraded to Market Perform from Underperform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/19
RBCM
10/10/19
UPGRADE
RBCM
Outperform
Roku upgraded to Outperform from Sector Perform at RBC Capital
10/10/19
RBCM
10/10/19
UPGRADE
Target $155
RBCM
Outperform
RBC Capital upgrades Roku 'back to Outperform' following pullback
RBC Capital analyst Mark Mahaney, who had downgraded Roku on July 1, has now upgraded the stock to Outperform from Sector Perform and raised his price target on the shares to $155 from $107, stating that he sees the valuation as "more compelling" following a 31% pullback recently in the stock. He also views the company's fundamentals as among the strongest in the small cap Internet sector and views the stock as one of the best derivative plays on the trends of OTT and streaming, Mahaney tells investors.
AAPL Apple
$235.87

-0.34 (-0.14%)

10/11/19
WEDB
10/11/19
NO CHANGE
Target $265
WEDB
Outperform
Apple price target raised to $265 from $245 at Wedbush
Wedbush analyst Daniel Ives raised his price target for Apple shares to $265 from $245, citing his increased confidence in the company's streaming initiative ahead of the official launch of Apple TV+ on November 1, coupled with signs of improving iPhone 11 demand. Given its installed base of about 900M active iPhones worldwide, and the "show stopping" low price for its streaming TV service of $4.99 per month, Ives believes Apple has an opportunity to gain 100M streaming consumers in the next 3-4 years, he tells investors. He keeps an Outperform rating on Apple shares.
10/14/19
FBCO
10/14/19
NO CHANGE
Target $209
FBCO
Neutral
Credit Suisse 'increasingly positive' on near-term iPhone demand trajectory
Credit Suisse analyst Matthew Cabral notes that wait times for the iPhone Pro/Pro Max remain over 1 week in each of the eight geographies he is tracking, and while they have modestly shortened versus his last update in several markets, this year's launch has now remained supply constrained longer than the XS/XS Max release, which reached equilibrium within three weeks. iPhone 11 wait times re-extended across the board in Japan as well as for White in China and the U.S., he adds. Taken together, Cabral is "increasingly positive" on the trajectory of near-term iPhone demand led by the Pro/Pro Max, which puts an upward bias on ASPs. He is still relatively more cautious on the 11, given the extended wait times are primarily on the new colors, likely indicating a more of a mismatch between supply and demand by SKU, rather than broad-based demand strength. He has a Neutral rating and $209 price target on the shares.
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).
10/15/19
JPMS
10/15/19
NO CHANGE
JPMS
Overweight
Apple App store revenue back to 'robust level' in fiscal Q4, says JPMorgan
Apple's App Store gross revenue and downloads, as tracked by Sensor Tower, returned to a "robust level" of growth in the company's September-ending quarter following a slowdown in the last three quarters after a freeze on gaming approvals in China in early 2019, JPMorgan analyst Samik Chatterjee tells investors in a research note. While app approvals in China are still only at a more moderate pace relative to the pace prior to the pause, the growth rates in non-gaming apps accelerated from late 2018/early 2019, which is driving an acceleration in growth trends for total app downloads from the iOS App Store, says the analyst. He adds that the positive quarterly App Store gross revenue and download trends support his expectations for a reacceleration in Apple's Services revenues to roughly mid-teens growth in fiscal Q4 relative to the recent low of 13% year-over-year growth in fiscal Q3. Chatterjee keeps an Overweight rating on Apple.

TODAY'S FREE FLY STORIES

02:55
11/21/19
11/21
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General news
FX Update: The yen edged out fresh lows before paring losses »

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Asian Market Update: JGBs…

M

Macy's

$15.02

-0.01 (-0.07%)

, SFL

Ship Finance

$14.45

0.03 (0.21%)

20:25
11/20/19
11/20
20:25
11/20/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

M

Macy's

$15.02

-0.01 (-0.07%)

SFL

Ship Finance

$14.45

0.03 (0.21%)

BJ

BJ's Wholesale

$26.03

-0.29 (-1.10%)

PLAN

Anaplan

$49.16

0.32 (0.66%)

BERY

Berry Global

$41.90

-0.09 (-0.21%)

03/08/13
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  • 21

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PFGC

Performance Food Group

$44.66

-0.13 (-0.29%)

20:19
11/20/19
11/20
20:19
11/20/19
20:19
Syndicate
Performance Food Group 10.12M share Secondary priced at $44.25 »

Wells Fargo and Credit…

03/08/13
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  • 20

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  • 21

    Nov

ALPMY

Astellas Pharma

$0.00

(0.00%)

20:02
11/20/19
11/20
20:02
11/20/19
20:02
Hot Stocks
Astellas Pharma, Welldoc enter into Digital Therapeutics alliance »

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  • 07

    Dec

PYPL

PayPal

$104.09

-0.85 (-0.81%)

19:52
11/20/19
11/20
19:52
11/20/19
19:52
Recommendations
PayPal analyst commentary at Baird »

PayPal's Honey…

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  • 20

    Nov

  • 21

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  • 10

    Dec

SQM

SQM

$23.41

-0.35 (-1.47%)

19:42
11/20/19
11/20
19:42
11/20/19
19:42
Earnings
SQM reports Q3 EPS 23c, consensus 26c »

Reports Q3 revenue…

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  • 21

    Nov

TNAV

TeleNav

$4.92

0.07 (1.44%)

19:37
11/20/19
11/20
19:37
11/20/19
19:37
Hot Stocks
TeleNav CEO buys 150K shares of common stock »

In a regulatory filing,…

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  • 20

    Nov

CRSP

Crispr Therapeutics

$67.31

-1.15 (-1.68%)

19:29
11/20/19
11/20
19:29
11/20/19
19:29
Syndicate
Breaking Syndicate news story on Crispr Therapeutics »

Crispr Therapeutics 4.25M…

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 07

    Dec

  • 21

    Nov

PFGC

Performance Food Group

$44.66

-0.13 (-0.29%)

19:26
11/20/19
11/20
19:26
11/20/19
19:26
Syndicate
Performance Food Group upsized 10.1M share offering said to price at $44.25 »

Report from Bloomberg. …

03/08/13
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  • 20

    Nov

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    Nov

INVH

Invitation Homes

$30.05

0.13 (0.43%)

19:10
11/20/19
11/20
19:10
11/20/19
19:10
Periodicals
Breaking Periodicals news story on Invitation Homes »

Invitation Homes stock…

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  • 21

    Nov

KRTX

Karuna Therapeutics

$108.42

-15.58 (-12.56%)

19:03
11/20/19
11/20
19:03
11/20/19
19:03
Syndicate
Karuna Therapeutics 2.6M share Secondary priced at $96.00 »

The deal priced below the…

03/08/13
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  • 21

    Nov

GOOG

Alphabet

$1,302.26

-12.45 (-0.95%)

, GOOGL

Alphabet Class A

$1,301.34

-11.25 (-0.86%)

18:58
11/20/19
11/20
18:58
11/20/19
18:58
Hot Stocks
Google to limit election ads audience targeting, will prohibit 'deep fakes' »

Alphabet's Google…

GOOG

Alphabet

$1,302.26

-12.45 (-0.95%)

GOOGL

Alphabet Class A

$1,301.34

-11.25 (-0.86%)

03/08/13
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CAN

Canaan

$0.00

(0.00%)

18:56
11/20/19
11/20
18:56
11/20/19
18:56
Syndicate
Canaan 10M share IPO priced at $9.00 »

The deal priced at low…

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  • 21

    Nov

NUAN

Nuance

$16.60

0.11 (0.67%)

, CPRT

Copart

$84.69

-1.64 (-1.90%)

18:51
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Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Nuance…

NUAN

Nuance

$16.60

0.11 (0.67%)

CPRT

Copart

$84.69

-1.64 (-1.90%)

LB

L Brands

$16.00

-1.19 (-6.92%)

JACK

Jack in the Box

$84.89

-0.08 (-0.09%)

SONO

Sonos

$13.87

-0.635 (-4.38%)

NTGN

Neon Therapeutics

$1.44

-0.04 (-2.70%)

TIF

Tiffany

$123.32

-0.16 (-0.13%)

UBER

Uber

$28.02

0.99 (3.66%)

LZB

La-Z-Boy

$36.23

-0.265 (-0.73%)

CUB

Cubic

$73.63

0.8 (1.10%)

NTES

NetEase

$287.68

-1.09 (-0.38%)

OPTN

Optinose

$11.42

0.84 (7.94%)

MTEM

Molecular Templates

$8.28

0.19 (2.35%)

PYPL

PayPal

$104.09

-0.85 (-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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  • 20

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  • 21

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    Nov

WNC

Wabash

$15.05

-0.2 (-1.31%)

18:48
11/20/19
11/20
18:48
11/20/19
18:48
Initiation
Wabash initiated at Raymond James »

Wabash initiated with a…

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ALSN

Allison Transmission

$45.51

-0.56 (-1.22%)

18:47
11/20/19
11/20
18:47
11/20/19
18:47
Initiation
Allison Transmission initiated at Raymond James »

Allison Transmission…

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NAV

Navistar

$30.97

-0.97 (-3.04%)

18:47
11/20/19
11/20
18:47
11/20/19
18:47
Initiation
Navistar initiated at Raymond James »

Navistar initiated with a…

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PCAR

Paccar

$78.85

-0.59 (-0.74%)

18:47
11/20/19
11/20
18:47
11/20/19
18:47
Initiation
Paccar initiated at Raymond James »

Paccar initiated with a…

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CMI

Cummins

$180.59

-2.36 (-1.29%)

18:46
11/20/19
11/20
18:46
11/20/19
18:46
Initiation
Cummins initiated at Raymond James »

Cummins initiated with a…

03/08/13
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03/08/13
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  • 21

    Nov

VMC

Vulcan Materials

$140.72

-0.485 (-0.34%)

18:45
11/20/19
11/20
18:45
11/20/19
18:45
Initiation
Vulcan Materials initiated at Deutsche Bank »

Vulcan Materials…

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SUM

Summit Materials

$24.18

0.3 (1.26%)

18:45
11/20/19
11/20
18:45
11/20/19
18:45
Initiation
Summit Materials initiated at Deutsche Bank »

Summit Materials…

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  • 04

    Dec

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