Breaking News Instant updates and real-time market news.

GOOG

Alphabet

$1,240.62

22.39 (1.84%)

, GOOGL

Alphabet Class A

$1,241.32

23.71 (1.95%)

12:40
10/15/19
10/15
12:40
10/15/19
12:40

Google announces Nest Wifi system

Alphabet's Google (GOOG) announced Nest Wifi, a wi-fi internet system that involves two separate devices: The Nest Wifi router plugs directly into your modem, forming the basis for a strong and powerful home network, and the Nest Wifi point expands your coverage where you need it most. Nest Wifi is more powerful than Google Wifi, delivering up to two times the speed and up to 25% better coverage, the company. A two pack can deliver coverage for a 3,800-square-foot home. The system is scalable, so you can add more points later to make sure you're covered. And if you've already got a Google Wifi network, you can easily add Nest Wifi to it for additional coverage, the company added. The Nest Wifi point also has a speaker with the Google Assistant, which means it can do everything that Nest Mini can do. "We also built the Nest Wifi system to provide the foundation for your future smart home devices," Google said. "It has local home connectivity, which means that some devices can connect directly to the system without needing a hub, so you can easily set up the most popular lights and plugs right from the Home app. We'll also enable Thread capabilities in the coming months to deliver secure connectivity for smart home devices like door and motion sensors, door locks and more. You'll start seeing these devices roll out from partners in 2020. Nest Wifi will be available in eight global markets in 2019. In the U.S., you can preorder today and Nest Wifi will be on sale on November 4. You can get a two pack with one router and one point for $269, or a three pack with one router and two points for $349 at the Google Store, Target (TGT), Best Buy (BBY) and more retailers."

GOOG

Alphabet

$1,240.62

22.39 (1.84%)

GOOGL

Alphabet Class A

$1,241.32

23.71 (1.95%)

TGT

Target

$111.99

0.85 (0.76%)

BBY

Best Buy

$68.65

-0.055 (-0.08%)

  • 16

    Oct

  • 27

    Oct

  • 28

    Oct

  • 28

    Oct

  • 29

    Oct

GOOG Alphabet
$1,240.62

22.39 (1.84%)

10/15/19
JEFF
10/15/19
NO CHANGE
JEFF
Jefferies selective on Internet into Q3, most positive on Alphabet and Facebook
Jefferies analyst Brent Thill, who is "generally positive" on Internet sector fundamentals, tells investors to remain selective ahead of Q3 earnings. The analyst is most bullish on Alphabet (GOOGL), Facebook (FB), Expedia (EXPE), and Wix.com (WIX). He remains underweight TripAdvisor (TRIP), Shutterstock (SSTK), and Endurance (EIGI). Thill is most positive on Alphabet and Facebook. Alphabet's setup is better in the second half of the year relative to the first half due to easier comps, healthy core advertising, momentum in Google Cloud, and expanded hardware line-up ahead of the holidays, the analyst tells investors in a research note. He also likes Facebook's setup due to easier second half comps, recent product innovation on Instagram Commerce, and improvements to the core Facebook app. In e-commerce, Thill is a buyer of Amazon.com (AMZN) on any pullback. In travel, he like Expedia (EXPE) over Booking Holdings (BKNG). The analyst also views the recent selloff in Match Group (MTCH) shares as a buying opportunity.
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
$1,241.32

23.71 (1.95%)

TGT Target
$111.99

0.85 (0.76%)

10/01/19
BOFA
10/01/19
NO CHANGE
BOFA
Top 10 US Ideas for Q4 at BofA/Merrill
BofA/Merrill introduced the Top 10 US Ideas for Q4 2019. The list's seven Buys are Aramark (ARMK), Salesforce (CRM), Disney (DIS), Dover (DOV), New York Community Bancorp (NYCB), Raytheon (RTN), and Target (TGT). Underperform's are Floor & Decor (FND), Gap (GPS), and Terex (TEX).
10/07/19
RAJA
10/07/19
INITIATION
RAJA
Strong Buy
Target initiated with a Strong Buy at Raymond James
10/08/19
10/08/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Target (TGT) initiated with a Strong Buy at Raymond James . 2. Tyler Technologies (TYL) initiated with an Outperform rating at Oppenheimer. 3. Kirkland Lake Gold (KL) initiated with a Neutral rating at Credit Suisse. 4. Blackstone (BX) and BlackRock (BLK) initiated with a Market Perform at BMO Capital. 5. Floor & Decor (FND) initiated with a Strong Buy at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/07/19
RAJA
10/07/19
INITIATION
RAJA
Strong Buy
Target initiated with a Strong Buy at Raymond James
Raymond James analyst Matthew McClintock initiated Target (TGT) with a Strong Buy rating and $130 price target. In a research note titled 'Targeting the Retail Apocalypse Bears and Winning,' McClintock said that Target is "well positioned to take market share" from weaker retailers, and sees annual EPS growth of high-single-digit to 10% for the retailer going forward. The analyst also noted that Target, through its Shipt acquisition, has same day delivery, beating Amazon's (AMZN) next-day delivery.
BBY Best Buy
$68.65

-0.055 (-0.08%)

10/07/19
RAJA
10/07/19
INITIATION
Target $100
RAJA
Strong Buy
Best Buy resumed with a Strong Buy at Raymond James
Raymond James analyst Matthew McClintock resumed coverage of Best Buy with a Strong Buy rating and a price target of $100. The analyst is positive on the transition of the company's business model from selling only consumer electronic products to offering a range of other services, which he expects will create a "much more dependable, re-occuring, and higher margin revenue stream." McClintock adds that Best Buy can generate at least a 10% earnings per share growth per year over the next 5 years, along with a low-single-digit sales increase and a 10bps expansion in gross margins.
10/07/19
RAJA
10/07/19
INITIATION
RAJA
Strong Buy
Best Buy resumed with a Strong Buy at Raymond James
10/04/19
ARGS
10/04/19
NO CHANGE
ARGS
Hold
Best Buy's supply chain, fulfillment efforts impressive, says Argus
Argus analyst Chris Graja writes that the latest Investor Day presentation by Best Buy was positive, noting he was particularly impressed by the company's supply chain and fulfillment initiatives while also citing the discussion by its Chief Supply Chain Officer Rob Bass regarding investments being made to support its "fast-growing" e-commerce business. The analyst is still keeping his FY21 EPS view of $5.95 and his Hold rating on the shares however, stating that Best Buy stock is "fairly valued" at 11.3-times his expected FY20 forecast and 11.0-times his FY21 view.
09/26/19
JEFF
09/26/19
NO CHANGE
Target $80
JEFF
Buy
Best Buy shares underappreciate plans to expand TAM, says Jefferies
Best Buy shares, currently trading below market levels, underappreciate the company's plans for expanding its total addressable market, monetizing health tech spend, and driving recurring revenues, Jefferies analyst Jonathan Matuszewski tells investors in a research note following the company's investor day. He keeps a Buy rating on the shares with an $80 price target.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.