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TTD

Trade Desk

$202.89

-0.1 (-0.05%)

, NFLX

Netflix

$292.86

6.09 (2.12%)

16:22
11/04/19
11/04
16:22
11/04/19
16:22

Stephens starts Trade Desk at Overweight, touts model compared to Netflix, Roku

Stephens analyst Kyle Evans initiated coverage of Trade Desk (TTD) with an Overweight rating and $250 price target, stating that he believes investors should own the stock because the company has "a more distributed, defendable and profitable business model" than Netflix (NFLX) or Roku (ROKU) with fewer regulatory risks than Google (GOOGL) or Facebook (FB), although he added that the stock is "volatile and expensive." He sees the catalysts of connected TV tailwinds and international growth outweighing the risks of a premium multiple and the growth of ad-free streaming TV options, Evans added.

TTD

Trade Desk

$202.89

-0.1 (-0.05%)

NFLX

Netflix

$292.86

6.09 (2.12%)

ROKU

Roku

$140.55

-5.82 (-3.98%)

GOOG

Alphabet

$1,290.58

16.35 (1.28%)

GOOGL

Alphabet Class A

$1,289.55

16.65 (1.31%)

FB

Facebook

$194.64

0.96 (0.50%)

  • 06

    Nov

  • 07

    Nov

  • 19

    Nov

  • 21

    Nov

  • 09

    Dec

  • 10

    Dec

TTD Trade Desk
$202.89

-0.1 (-0.05%)

10/10/19
RBCM
10/10/19
UPGRADE
RBCM
Outperform
Trade Desk upgraded to Outperform from Sector Perform at RBC Capital
11/04/19
SPHN
11/04/19
INITIATION
Target $250
SPHN
Overweight
Trade Desk initiated with an Overweight at Stephens
Stephens analyst Kyle Evans initiated coverage of Trade Desk with an Overweight rating and $250 price target.
10/22/19
RHCO
10/22/19
NO CHANGE
Target $285
RHCO
Buy
SunTrust reiterates a Buy on Trade Desk after Roku's acquisition of dataxu
SunTrust analyst Youssef Squali notes that Roku (ROKU) announced it would acquire dataxu, a video demand-side platform, for $150M in cash and stock. With Trade Desk (TTD) under pressure, the analyst says the news do not change his positive bias on the stock as he believes it will not have a material effect on Trade Desk's financial results. Further, Squali argues that with the acquisition of dataxu, Roku may be eliminating a notable DSP from the landscape as it turns dataxu's focus to becoming the exclusive DSP for Roku-owned inventory. This would imply less competition for Trade Desk, he contends. The analyst also believes Roku's potential move away from a managed business towards a programmatic one could result in tailwinds for the entire CTV industry. Squali has a Buy rating and $285 price target on Trade Desk's shares.
10/10/19
RBCM
10/10/19
UPGRADE
Target $250
RBCM
Outperform
Trade Desk upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst Mark Mahaney upgraded Trade Desk to Outperform from Sector Perform with an unchanged price target of $250. The stock closed Thursday down 3% to $185.65. Following the 32% decline from the July highs, Trade Desk's valuation is more compelling, Mahaney tells investors in a research note. Further, the company's positioning as one of the best derivatives off the "strong" secular streaming shift is "very favorable," contends the analyst. He believes Trade Desk's revenue growth and EBITDA margin fundamentals are among the strongest in small-to-mid cap space.
NFLX Netflix
$292.86

6.09 (2.12%)

10/17/19
RBCM
10/17/19
NO CHANGE
Target $420
RBCM
Outperform
Netflix price target lowered to $420 from $450 at RBC Capital
RBC Capital analyst Mark Mahaney lowered his price target on Netflix to $420 after its Q3 results, saying that the global subscriber adds was a "tad light" due to churn-related weakness in the U.S. markets. The analyst further notes that while international adds were better than expected, the outlook for Q4 was also light as the company is no longer calling subscriber adds to accelerate this year. Mahaney is still keeping his Outperform rating on Netflix as the company has achieved a "sustainable scale, growth, and profitability" that he believes is currently not reflected in its stock price.
10/28/19
IMPC
10/28/19
NO CHANGE
Target $446
IMPC
Outperform
Netflix price target lowered to $446 from $451 at Imperial Capital
Imperial Capital analyst David Miller lowered his price target for Netflix to $446 from $451 while maintaining an Outperform rating on the shares. Netflix is tapping the high yield market for the tenth time in the last six years, Miller tells investors in a research note. The analyst reduced his fiscal 2020 estimates due to the expectation of higher interest expense as a result of the latest debt transaction. He notes, however, that the company has a history of using the bond market effectively.
10/22/19
LOOP
10/22/19
NO CHANGE
Target $415
LOOP
Buy
Netflix to continue growing subscriber count at rapid rate, says Loop Capital
Loop Capital analyst Alan Gould is keeping his Buy rating and $415 price target on Netflix after reviewing its latest 10-Q filing, which he claims to confirm a "number of positive trends". The analyst cites the positive free cash flow generated by the company in the latest quarter when excluding the increase in "content in development". Gould also notes that the streaming library per paid subscriber metric declined again, suggesting that less content is required to maintain the subscription. The analyst contends that Netflix can continue to grow its subs at a "rapid rate" given its international expansion despite the "increasingly competitive environment."
10/17/19
10/17/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netflix (NFLX) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen saying growth in Netflix's key metric, subscribers, is slowing in the U.S. but still strong abroad. 2. Comerica (CMA) downgraded to Underweight from Neutral at JPMorgan and to Neutral from Overweight at Piper Jaffray. 3. Pattern Energy (PEGI) downgraded to Neutral from Buy at Goldman Sachs with analyst Brian Lee citing limited return potential to his revised price of $25, which he raised from $24. 4. Monster Beverage (MNST) downgraded to Market Perform from Outperform at Cowen with analyst Vivien Azer saying Monster has ceded, on average, 220 basis points of dollar market share over the last six months and an average 210 basis points of market share over the last 12 months. 5. Cheesecake Factory (CAKE) downgraded to Market Perform from Outperform at Raymond James with analyst Brian Vaccaro citing his view that lower near-term comp visibility and a below-Street 2020 EPS estimate of $2.65 offset his favorable outlook of its recently acquired growth concepts and the stock's reasonable valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ROKU Roku
$140.55

-5.82 (-3.98%)

10/28/19
10/28/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Roku (ROKU) initiated with a Buy at BofA/Merrill. 2. IMV Inc. (IMV) initiated with a Market Perform at Wells Fargo. 3. Yum China (YUMC) initiated with a Buy at Jefferies. 4. Purple (PRPL) initiated with a Buy at Roth Capital. 5. Robert Half (RHI) initiated with a Buy at CL King. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
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.
10/28/19
BOFA
10/28/19
INITIATION
Target $154
BOFA
Buy
Roku initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Ziv Israel initiated coverage of Roku with a Buy rating and $154 price target. Roku has effectively shifted to generating the majority of sales through monetizing its user base, primarily through video ads, Israel tells investors in a research note. The analyst believes the negative impact of new offerings from competitors is being overestimated and feels the company's "strong" platform revenue growth should continue as advertisers shift ad budgets towards over-the-top services. Further, Roku will benefit from increasing consumer demand for affordable smart TVs, the analyst adds.
GOOG Alphabet
$1,290.58

16.35 (1.28%)

11/04/19
SOCG
11/04/19
NO CHANGE
Target $120
SOCG
Sell
Facebook regulatory compliance costs continue to rise, says Societe Generale
The costs of tighter regulation are kicking in at Facebook (FB), this time in the form of higher capital expenditure guidance next year, as the company addresses a "tornado of privacy, security and regulatory issues," Societe Generale analyst Simon Baker tells investors in a research note following last week's Q3 results. The analyst prefers shares of Alphabet (GOOG) and reiterates a Sell rating on Facebook with a $120 price target. Facebook's earnings beats over the last two years compare with a 50:50 record for Alphabet, and yet Alphabet shares have outperformed Facebook's by 17%, Baker points out.
11/04/19
SBSH
11/04/19
UPGRADE
Target $7.35
SBSH
Neutral
Fitbit upgraded to Neutral from Sell at Citi
Citi analyst Jim Suva upgraded Fitbit (FIT) to Neutral from Sell with a price target of $7.35, up from $2.00. The analyst cites the takeover by Alphabet (GOOGL) for the upgrade to Neutral as he believes the acquisition will likely occur. He does not see any antitrust hurdles nor additional bidders.
10/29/19
RAJA
10/29/19
NO CHANGE
Target $1475
RAJA
Outperform
Alphabet price target raised to $1,475 from $1,360 at Raymond James
Raymond James analyst Aaron Kessler raised his price target for Alphabet to $1,475 from $1,360 and maintained an Outperform rating, citing "solid" advertising growth, increasing Google Cloud momentum and an attractive valuation.
10/31/19
ROTH
10/31/19
NO CHANGE
Target $104
ROTH
Buy
Roth backs Buy on InterDigital, says ZTE license validates China model
Roth Capital analyst Scott Searle maintained a Buy rating and $104 price target on InterDigital (IDCC) after the company reported Q3 results, saying that the "real news" of the report was the licensing of ZTE (ZTCOY) for both wireless and video IP. The analyst said that this is the first crossover licensing customer and shows the imperative for Chinese original equipment manufacturers to license and certify solutions for international markets. Searle noted that he raised his estimates for InterDigital on the ZTE, Google (GOOGL), and Technicolor integration progress.
GOOGL Alphabet Class A
$1,289.55

16.65 (1.31%)

FB Facebook
$194.64

0.96 (0.50%)

11/01/19
MKMP
11/01/19
NO CHANGE
Target $210
MKMP
Neutral
Arista Networks price target lowered to $210 from $275 at MKM Partners
MKM Partners analyst Michael Genovese lowered his price target on Arista Networks (ANET) to $210 and kept his Neutral rating after is "scary bad guidance" for Q4 and 2020. The analyst attributes the disappointing forecast to the "sudden" slowing in orders from Facebook (FB), which is delaying the refresh of its Switches and Routers by a year.
11/01/19
COWN
11/01/19
NO CHANGE
Target $212
COWN
Outperform
Arista Networks price target lowered to $212 from $295 at Cowen
Cowen analyst Paul SIlverstein lowered his price target on Arista Networks (ANET) to $212 from $295 following Q3 results. The analyst significantly reduced his operating forecasts to reflect the painful impact of the delayed Facebook (FB) server refresh and he acknowledged it will take time for the company to regain investor confidence. Silverstein maintained his Outperform rating on Arista Networks shares.
11/01/19
NEED
11/01/19
DOWNGRADE
NEED
Hold
Arista Networks downgraded to Hold from Buy at Needham
Needham analyst Alex Henderson downgraded Arista Networks (ANET) to Hold from Buy after its "weak" Q4 guidance, saying this marks the 3rd consecutive quarter of a cut in outlook. The analyst notes that while the prior delay in orders from Microsoft (MSFT) has now come back, another larger customer - "most likely" Facebook (FB) - has sharply reduced its orders from Arista over the span of multiple quarters. Henderson adds that the reduction in outlook, along with the "unpredictability" of cloud demand, are likely to hurt valuations even when demand recovers.

TODAY'S FREE FLY STORIES

AXNX

Axonics

$24.32

-1.22 (-4.78%)

, MDT

Medtronic

$111.12

-2.02 (-1.79%)

09:02
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12/10
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Recommendations
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AXNX

Axonics

$24.32

-1.22 (-4.78%)

MDT

Medtronic

$111.12

-2.02 (-1.79%)

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DNOW

NOW Inc.

$11.12

-0.3 (-2.63%)

09:01
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09:01
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09:01
Conference/Events
NOW Inc. management to meet with Stephens »

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RL

Ralph Lauren

$113.26

1.62 (1.45%)

09:00
12/10/19
12/10
09:00
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09:00
Conference/Events
Ralph Lauren management to meet with MKM Partners »

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09:00
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12/10
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General news
U.S. equities are firmer »

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SLB

Schlumberger

$37.16

0.28 (0.76%)

08:59
12/10/19
12/10
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08:59
Hot Stocks
Schlumberger appoints Stephane Biguet as CFO, effective January 22 »

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  • 17

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CRAI

CRA International

$52.40

-0.08 (-0.15%)

08:57
12/10/19
12/10
08:57
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08:57
Conference/Events
CRA International management to meet with Barrington »

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DHR

Danaher

$147.51

-0.66 (-0.45%)

, PCG

PG&E

$11.05

1.4 (14.51%)

08:55
12/10/19
12/10
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08:55
Options
Notable open interest changes for December 10th »

Monday's total…

DHR

Danaher

$147.51

-0.66 (-0.45%)

PCG

PG&E

$11.05

1.4 (14.51%)

AAPL

Apple

$266.93

-3.75 (-1.39%)

AMD

AMD

$38.91

-0.7 (-1.77%)

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08:55
12/10/19
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08:55
General news
The U.S. productivity report »

The U.S. productivity…

MDB

MongoDB

$131.03

-0.19 (-0.14%)

08:54
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12/10
08:54
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08:54
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MongoDB analyst commentary  »

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  • 10

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AMZN

Amazon.com

$1,749.61

-1.18 (-0.07%)

, TGT

Target

$126.43

1.4 (1.12%)

08:54
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08:54
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08:54
Recommendations
Amazon.com, Target, Walmart analyst commentary  »

Amazon one-day offerings…

AMZN

Amazon.com

$1,749.61

-1.18 (-0.07%)

TGT

Target

$126.43

1.4 (1.12%)

WMT

Walmart

$119.34

-0.43 (-0.36%)

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03/06/13
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CFRX

ContraFect

$0.30

-0.038 (-11.41%)

08:50
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12/10
08:50
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08:50
Syndicate
ContraFect 37.15M share Spot Secondary priced at 27c »

acted as sole book…

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08:50
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12/10
08:50
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08:50
General news
U.S. Q3 productivity was revised up to a -0.2% rate »

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08:50
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General news
FX Action: The dollar »

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ROAD

Construction Partners

$20.56

0.66 (3.32%)

08:49
12/10/19
12/10
08:49
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08:49
Recommendations
Construction Partners analyst commentary  »

Construction Partners…

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  • 10

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OPRX

OptimizeRx

$10.35

1.26 (13.86%)

08:48
12/10/19
12/10
08:48
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08:48
Recommendations
OptimizeRx analyst commentary  »

OptimizeRx named a top…

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KALV

KalVista

$15.28

0.92 (6.41%)

08:48
12/10/19
12/10
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08:48
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KalVista analyst commentary  »

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CONN

Conn's

$20.51

1.08 (5.56%)

08:47
12/10/19
12/10
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Conference/Events
Conn's management to meet with Oppenheimer »

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  • 10

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QSR

Restaurant Brands

$66.00

0.155 (0.24%)

, DNKN

Dunkin' Brands

$76.23

-0.39 (-0.51%)

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QSR

Restaurant Brands

$66.00

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DNKN

Dunkin' Brands

$76.23

-0.39 (-0.51%)

TACO

Del Taco

$7.38

0.1 (1.37%)

NDLS

Noodles & Company

$5.80

(0.00%)

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CHDN

Churchill Downs

$131.32

-0.1 (-0.08%)

08:46
12/10/19
12/10
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Conference/Events
Churchill Downs management to meet with Jefferies »

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  • 11

    Dec

CNST

Constellation Pharmaceuticals

$36.15

-7.95 (-18.03%)

08:45
12/10/19
12/10
08:45
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08:45
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Constellation Pharmaceuticals analyst commentary  »

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  • 11

    Dec

GME

GameStop

$6.32

-0.34 (-5.11%)

, NVAX

Novavax

$4.16

-0.18 (-4.15%)

08:45
12/10/19
12/10
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08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

GME

GameStop

$6.32

-0.34 (-5.11%)

NVAX

Novavax

$4.16

-0.18 (-4.15%)

CRWD

Crowdstrike

$49.00

-1.89 (-3.71%)

BBBY

Bed Bath & Beyond

$15.42

0.65 (4.40%)

CGC

Canopy Growth

$21.26

2.61 (13.99%)

HEXO

Hexo

$2.29

0.195 (9.31%)

OSTK

Overstock.com

$7.19

-0.17 (-2.31%)

SVXY

ProShares Short VIX Short-Term Futures

$60.81

-1.61 (-2.58%)

TQQQ

ProShares UltraPro QQQ

$76.38

-0.96 (-1.24%)

PAGP

Plains GP Holdings

$17.61

0.25 (1.44%)

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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  • 10

    Dec

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    Dec

  • 11

    Dec

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    Dec

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    Dec

  • 16

    Dec

  • 08

    Jan

  • 09

    Dec

BECN

Beacon Roofing

$28.96

-0.13 (-0.45%)

08:43
12/10/19
12/10
08:43
12/10/19
08:43
Conference/Events
Beacon Roofing management to meet with Seaport Global »

Meeting to be held in New…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 11

    Dec

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    Dec

  • 19

    Dec

DY

Dycom

$46.37

-4.565 (-8.96%)

08:42
12/10/19
12/10
08:42
12/10/19
08:42
Recommendations
Dycom analyst commentary  »

Dycom selloff after note…

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  • 11

    Dec

THO

Thor Industries

$64.28

-3.485 (-5.14%)

08:41
12/10/19
12/10
08:41
12/10/19
08:41
Recommendations
Thor Industries analyst commentary  »

Thor Industries price…

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  • 13

    Dec

NWE

NorthWestern

$71.27

-0.57 (-0.79%)

08:41
12/10/19
12/10
08:41
12/10/19
08:41
Earnings
NorthWestern backs FY19 adjusted EPS view $3.38-$3.48, consensus $3.42 »

Sees FY20 adjusted EPS…

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03/06/13
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  • 11

    Dec

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