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FB

Facebook

$189.62

0.81 (0.43%)

, PYPL

PayPal

$103.11

-0.43 (-0.42%)

06:28
10/17/19
10/17
06:28
10/17/19
06:28

Facebook's Marcus says Libra 'absolutely not' in jeopardy, Yahoo Finance reports

Facebook's (FB) blockchain boss David Marcus defended the feasibility of Libra after a quarter of its partners dropped out, telling Yahoo Finance that Libra is "absolutely not" in jeopardy, and that the project is "going to get harder before it gets easier," Brian Cheung reports. Recently, PayPal (PYPL), Visa (V), MasterCard (MA), eBay (EBAY), Booking (BKNG), Stripe and Mercado Pago decided to leave the project. "You really have to, as a member, have passion and energy and fortitude to go through this because it's hard," Marcus said. Reference Link

FB

Facebook

$189.62

0.81 (0.43%)

PYPL

PayPal

$103.11

-0.43 (-0.42%)

EBAY

eBay

$38.91

0.03 (0.08%)

BKNG

Booking Holdings

$2,028.24

10.61 (0.53%)

V

Visa

$177.87

-0.93 (-0.52%)

MA

MasterCard

$278.40

-0.24 (-0.09%)

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  • 30

    Oct

FB Facebook
$189.62

0.81 (0.43%)

10/15/19
RSBL
10/15/19
NO CHANGE
Target $242
RSBL
Buy
Rosenblatt a buyer of Facebook shares into Q3 report
Rosenblatt analyst Mark Zgutowicz is a buyer of Facebook shares into the company's Q3 results on Wednesday, October 30. Demand side indications remain strong for both News Feed and Instagram as respective return on ad spend remains at the top end of advertiser buys, Zgutowicz tells investors in a research note. However, with Facebook "under a regulator microscope," the analyst does not expect a "big" beat and raise quarter, but rather a modest beat and reduction to 2019 expense growth guidance. With the stock trading at 19 times estimated 2020 earnings, a modest beat will satisfy "the bar," contends Zgutowicz. He reiterates a Buy rating on Facebook with a $242 price target.
10/10/19
10/10/19
UPGRADE
Target $89

Outperform
Match Group upgraded to Outperform at Oppenheimer
As previously reported, Oppenheimer analyst Jason Helfstein upgraded Match Group (MTCH) to Outperform from Perform, with a price target of $89. The analyst notes that the stock is down 27% from its highs on an overall correction in momentum names, confusion surrounding a likely debt transfer as part ofthe spinoff from IAC (IAC) and concerns over the FTC lawsuit. Helfstein is now less concerned about competition from Facebook (FB) Dating, and highlights that 3P download data shows an acceleration in Tinder and localized offerings. Lastly, his survey work indicates that only 44% of U.S. singles are currently using an online dating product, suggesting material growth in overall usage.
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.
10/16/19
BARD
10/16/19
NO CHANGE
Target $230
BARD
Outperform
Facebook checks generally positive but guidance could be overhang, says Baird
Baird analyst Colin Sebastian said Facebook will likely see upside to his and the Street's Q3 estimates as agency and advertiser checks suggest relatively steady growth rates versus the slowdown implied by guidance. The analyst believes the company's focus on privacy, data security, messaging , and other product improvements will continue to weigh on margins but he thinks it is likely embedded in investor expectations and consensus estimates. Sebastian reiterated his Outperform rating and $230 price target on Facebook shares.
PYPL PayPal
$103.11

-0.43 (-0.42%)

10/09/19
BTIG
10/09/19
NO CHANGE
Target $130
BTIG
Buy
BTIG lowers Q3 EPS view for PayPal after projected investment losses
BTIG analyst Mark Palmer lowers his Q3 EPS view on Paypal to 54c from 69c after the company disclosed an expected 15c impact in the quarter from unrealized losses in its strategic investment portfolio. The analyst is keeping his Buy rating and $130 price target on the stock however, citing the company's "differentiated assets" and "trusted brand" sustaining its leading position in digital payments.
10/10/19
NOMU
10/10/19
NO CHANGE
Target $139
NOMU
Buy
PayPal likely to sign more Chinese partnerships, says Nomura Instinet
On the heels of PayPal's recent GoPay acquisition, more partnerships with Chinese mobile payments players may be in the works, Nomura Instinet analyst Bill Carcache tells investors in a research note. The analyst believes the GoPay deal has raised the possibility of more "mutually beneficial partnerships" between PayPal and key players inside China's payments ecosystem. He keeps a Buy rating on the shares with a $139 price target.
10/01/19
ADAM
10/01/19
NO CHANGE
Target $118
ADAM
Buy
PayPal payment processor deal beats card networks to China, says Canaccord
Canaccord analyst Joseph Vafi said Paypal's (PYPL) disclosure of its controlling stake in Chinese payment player GoPay has material strategic implications longer term. The analyst notes the deal allowed PayPal to beat both Visa (V) and Mastercard (MA) into the Chinese market and could be a conduit to drive meaningful cross-border payments volume allowing it to continue to sustain mid 20% payment volume for the next several years. Vafi reiterated his Buy rating and $118 price target on PayPal shares.
09/24/19
UBSW
09/24/19
NO CHANGE
Target $120
UBSW
Neutral
PayPal leads among P2P providers, app share remains stable, says UBS
UBS analyst Eric Wasserstrom is keeping his Neutral rating and $120 price target on PayPal as part of his broader research note into U.S. Payment Networks. The analyst states that his most recent UBS Evidence Lab Mobile Banking App Download data suggests that mobile payment apps continue to gain market share relative to the traditional banking apps, and within that category, remittance apps continue to lose share vs. P2P apps like Venmo. Wasserstrom adds that PayPal - while challenged by newer entrants like Square Cash - is still maintaining its leading position in P2P. The analyst maintains however that Venmo's contribution to PayPal's revenue and earnings is already reflected in the stock's premium multiple relative to its historical levels.
EBAY eBay
$38.91

0.03 (0.08%)

10/08/19
BARD
10/08/19
NO CHANGE
Target $46
BARD
Outperform
eBay tracker indicates Q3 volumes in-line with expectations, says Baird
Baird analyst Colin Sebastian said his eBay sales volume tracker for September indicates volumes are in-line with expectations; suggesting volume declines moderated sequentially during the quarter. The analyst expects internet sales tax collection will remain a near-term headwind but noted management conservatism has likely embedded the negative impact of these tax changes through the balance of the year. Sebastian maintained his Outperform rating and $46 price target on eBay shares.
09/26/19
WELS
09/26/19
DOWNGRADE
Target $45
WELS
Market Perform
eBay downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Brian Fitzgerald downgraded eBay to Market Perform from Outperform with an unchanged price target of $45. The company's slowing gross merchandise volume suggests stagnant or decreasing market share, Fitzgerald tells investors in a research note. Further, the analyst believes eBay's segment margins look lower than the activist investors are assuming in a breakup, which suggests to him "lower potential upside from the strategic review." Fitzgerald's sum-of-the-parts analysis lead him to believe that eBay shares are fairly valued. With that said, the company's 7.2% free cash flow and share buyback potentials limit downside risk on the stock, contends Fitzgerald.
09/26/19
WELS
09/26/19
DOWNGRADE
WELS
Market Perform
eBay downgraded to Market Perform from Outperform at Wells Fargo
09/27/19
09/27/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Box (BOX) downgraded to Underweight from Neutral at JPMorgan with analyst Mark Murphy saying while the stock has run higher, competition is intensifying in Box's target markets. 2. Atara Biotherapeutics (ATRA) downgraded to Sell from Neutral at Goldman Sachs with analyst Salveen Richter saying he sees a lack of near-term catalysts for the stock and questions surrounding the company's clinical programs. 3. Carnival (CCL) downgraded to Sell from Hold at Berenberg and to Neutral from Buy at UBS. 4. eBay (EBAY) and Booking Holdings (BKNG) downgraded to Market Perform from Outperform at Wells Fargo. 5. Canopy Growth (CGC) downgraded to Neutral from Buy at BofA/Merrill with analyst Christopher Carey saying while he still sees Canopy as a long-term leader in the cannabis industry, he thinks Canada industry growth is set to pause in the second half and potentially flatten, which he thinks could also be the case with Canopy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BKNG Booking Holdings
$2,028.24

10.61 (0.53%)

09/26/19
WELS
09/26/19
DOWNGRADE
Target $2150
WELS
Market Perform
Booking Holdings downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Brian Fitzgerald downgraded Booking Holdings (BKNG) to Market Perform from Outperform and while raising his price target for the shares to $2,150 from $2,000. Changes to the online marketing environment for online travel agencies have eroded Booking's competitive advantage, Fitzgerald tells investors in a research note. Further, recent management changes the company's subsidiaries and product integration challenges suggest that Booking faces "significant hurdles" in achieving its vision of the "connected trip," adds the analyst. As such, Fitzgerald views the stock as fairly valued at current levels and does not believe it deserves a valuation premium relative to Expedia (EXPE).
09/26/19
WELS
09/26/19
DOWNGRADE
WELS
Market Perform
Booking Holdings downgraded to Market Perform from Outperform at Wells Fargo
V Visa
$177.87

-0.93 (-0.52%)

07/24/19
RAJA
07/24/19
NO CHANGE
Target $193
RAJA
Outperform
Visa price target raised to $193 from $177 at Raymond James
Raymond James analyst John Davis raised his price target for Visa to $193 from $177 following what he views as a "solid" Q3 print that included a top and bottom line beat, EPS guidance raise, and relatively stable quarter to date trends. The analyst reiterates an Outperform rating on the shares.
08/02/19
MSCO
08/02/19
NO CHANGE
Target $74
MSCO
Equal Weight
Square reported 'notable' deceleration in GPV, says Morgan Stanley
Morgan Stanley analyst James Faucette said the deceleration in gross payment volume, or GPV, growth reported by Square (SQ) this quarter was somewhat disappointing and "notable" given the strong U.S. consumer spending trends reported by other Payments players, including Visa (V) and MasterCard (MA). Combining this with the "deviation from Square's traditional beat-and-raise story" made him less positive about the report, although his calendar 2019 forecasts remain largely intact, said Faucette, who keeps an Equal Weight rating and $74 price target on Square shares.
09/13/19
RHCO
09/13/19
NO CHANGE
Target $325
RHCO
Buy
MasterCard price target raised to $325 from $310 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on MasterCard (MA) to $325 and kept his Buy rating, saying he expects the company to maintain its 10% or more EBITDA premium relative to Visa (V) and PayPal (PYPL). The analyst believes that MasterCard has a more durable organic revenue growth and offers a "differentiated competitive strategy" with its Real-Time Payments, adding that its monetization can be bolstered further by B2B products, cross-border payments, bill payments, point-of-sale technology, and other initiatives.
MA MasterCard
$278.40

-0.24 (-0.09%)

09/16/19
MSCO
09/16/19
NO CHANGE
Target $315
MSCO
Overweight
MasterCard price target raised to $315 from $291 at Morgan Stanley
Morgan Stanley analyst James Faucette raised his price target on MasterCard shares to $315 from $291 following the company's Investment Community Meeting last week. The intra-quarter data shared by the company should ease some near-term macro concerns and the event left him feeling confident in "the key pillars" of his Overweight thesis, Faucette tells investors. MasterCard is also making notable progress on its longer term initiatives, which should support growth beyond the company's 3-year outlook, added Faucette.

TODAY'S FREE FLY STORIES

DPLO

Diplomat Pharmacy

$3.03

-3.17 (-51.13%)

15:54
11/12/19
11/12
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Recommendations
Diplomat Pharmacy analyst commentary  »

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CLNY

Colony Capital

$4.99

-0.055 (-1.09%)

15:49
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Digital Colony acquires Beanfield Technologies, terms not disclosed »

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  • 12

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15:43
11/12/19
11/12
15:43
11/12/19
15:43
Conference/Events
Morgan Stanley analyst to hold an analyst/industry conference call »

Managing Director &…

ET

Energy Transfer LP

$11.80

-0.18 (-1.50%)

15:38
11/12/19
11/12
15:38
11/12/19
15:38
Periodicals
FBI opens corruption probe of approval for Mariner East pipelines, AP says »

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TWOU

2U

$22.27

0.46 (2.11%)

15:34
11/12/19
11/12
15:34
11/12/19
15:34
Options
2U options imply 21.4% move in share price post-earnings »

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  • 12

    Nov

AXAS

Abraxas Petroleum

$0.31

-0.0309 (-9.18%)

15:33
11/12/19
11/12
15:33
11/12/19
15:33
Hot Stocks
Abraxas Petroleum cancels Q3 earnings call scheduled for this afternoon »

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  • 12

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15:25
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General news
Treasury Market Summary »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$308.45

0.06 (0.02%)

15:20
11/12/19
11/12
15:20
11/12/19
15:20
Periodicals
POTUS advisers exploring 15% tax rate proposal for middle class, WP says »

U.S. President Donald…

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S&P 500

$0.00

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SPDR S&P 500 ETF Trust

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HUYA

Huya

$24.33

-1 (-3.95%)

15:19
11/12/19
11/12
15:19
11/12/19
15:19
Options
HUYA options imply 14.0% move in share price post-earnings »

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  • 12

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SPY

SPDR S&P 500 ETF Trust

$308.49

0.1 (0.03%)

, SPX

S&P 500

$0.00

(0.00%)

15:18
11/12/19
11/12
15:18
11/12/19
15:18
General news
Kudlow says in 'very preliminary stages' of talks on possible tax cut proposal »

Larry Kudlow, Director of…

SPY

SPDR S&P 500 ETF Trust

$308.49

0.1 (0.03%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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03/06/13
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03/06/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
11/12/19
11/12
15:17
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15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
11/12/19
11/12
15:16
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15:16
Technical Analysis
NYSE market internals summary »

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DASTY

Dassault Systemes

$0.00

(0.00%)

15:14
11/12/19
11/12
15:14
11/12/19
15:14
Conference/Events
Dassault Systemes to hold a meeting »

Life Sciences Day to be…

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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  • 13

    Nov

SYNA

Synaptics

$58.80

0.19 (0.32%)

15:13
11/12/19
11/12
15:13
11/12/19
15:13
Conference/Events
Synaptics management to meet with KeyBanc »

Meeting to be held in New…

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  • 12

    Nov

  • 13

    Nov

SPY

SPDR S&P 500 ETF Trust

$308.41

0.02 (0.01%)

, SPX

S&P 500

$0.00

(0.00%)

15:11
11/12/19
11/12
15:11
11/12/19
15:11
General news
Kudlow says no tariff adjustments will be made unless there is trade deal »

Larry Kudlow, Director of…

SPY

SPDR S&P 500 ETF Trust

$308.41

0.02 (0.01%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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03/06/13
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AAPL

Apple

$261.59

-0.57 (-0.22%)

15:10
11/12/19
11/12
15:10
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15:10
Periodicals
Ex-HBO chief Plepler in talks to create original content for Apple TV+, WSJ says »

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SPY

SPDR S&P 500 ETF Trust

$308.41

0.02 (0.01%)

, SPX

S&P 500

$0.00

(0.00%)

15:08
11/12/19
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General news
Kudlow says President's key point was trade deal must be a 'good deal' for U.S. »

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SPY

SPDR S&P 500 ETF Trust

$308.41

0.02 (0.01%)

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S&P 500

$0.00

(0.00%)

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SDC

SmileDirectClub

$11.12

-0.73 (-6.16%)

15:04
11/12/19
11/12
15:04
11/12/19
15:04
Options
SmileDirectClub options imply 23.6% move in share price post-earnings »

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  • 12

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KEM

Kemet

$25.94

2.91 (12.64%)

15:02
11/12/19
11/12
15:02
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15:02
Downgrade
Kemet rating change  »

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  • 12

    Nov

TSLA

Tesla

$346.80

1.73 (0.50%)

14:55
11/12/19
11/12
14:55
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14:55
Periodicals
Tesla CEO Musk says to build EU Gigafactory in 'Berlin area,' Bloomberg reports »

Bloomberg cites comments…

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PCG

PG&E

$6.78

0.54 (8.65%)

14:54
11/12/19
11/12
14:54
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14:54
Hot Stocks
PG&E announces extended deadline for filing fire claims in chapter 11 cases »

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  • 12

    Nov

  • 07

    Jan

AZUL

Azul

$35.23

-1.32 (-3.61%)

, EADSY

Airbus

$0.00

(0.00%)

14:52
11/12/19
11/12
14:52
11/12/19
14:52
Hot Stocks
Azul receives first Airbus A321neo in Brazil »

Azul (AZUL) received the…

AZUL

Azul

$35.23

-1.32 (-3.61%)

EADSY

Airbus

$0.00

(0.00%)

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

ThyssenKrupp

$0.00

(0.00%)

, BX

Blackstone

$51.89

-0.01 (-0.02%)

14:49
11/12/19
11/12
14:49
11/12/19
14:49
Periodicals
3G Capital among suitors for ThyssenKrupp's elevator unit, Bloomberg says »

Brazilian-American…

TKAMY

ThyssenKrupp

$0.00

(0.00%)

BX

Blackstone

$51.89

-0.01 (-0.02%)

CG

Carlyle Group

$27.74

0.24 (0.87%)

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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TLRY

Tilray

$21.26

-0.71 (-3.23%)

14:49
11/12/19
11/12
14:49
11/12/19
14:49
Options
Tilray options imply 21.1% move in share price post-earnings »

Pre-earnings options…

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  • 12

    Nov

  • 12

    Nov

DTIL

Precision BioSciences

$8.77

0.27 (3.18%)

14:44
11/12/19
11/12
14:44
11/12/19
14:44
Conference/Events
Precision BioSciences participates in a conference call with BTIG »

Conference call with…

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  • 15

    Nov

  • 07

    Dec

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